HD Hyundai Marine Solution Co (443060) Fair Value & Analysis
Industrials · KR · Market cap 8.8T KRW
Fair value as of: Jul 14, 2026
From 26 valuation models · updated 27 days ago
Share price −0.6% over the past month.
A solid business, but screening 47% overvalued on our models.
What matters now
- A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (169,714 KRW). The favourable scenario is already priced in.
- A fairly wide model range (78,190 KRW to 169,714 KRW) leaves room in how you read the outcome.
Price vs Fair Value (2 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
27‑month range 95,608 KRW – 279,563 KRW · fair‑value band 78,190 KRW – 169,714 KRW · the 196,400 KRW price screens above the 104,493 KRW fair value. Dashed = 300-day average. As of Jul 14, 2026.
Analysis
HD Hyundai Marine Solution Co (443060) currently trades at 196,400 KRW, while our model-based Fair Value estimate is 104,493 KRW, implying the stock looks roughly 46.8% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, HD Hyundai Marine Solution Co generated revenue of 2.1T KRW at a net margin of 14.7%. Revenue grew 18.3% year over year. It earns a return on equity of 39.0%. Net debt stands at 32.2B KRW. Fundamentals as of Jul 14, 2026
Our scenario range runs from 78,190 KRW (bear case) to 169,714 KRW (bull case); at 196,400 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -47%, 443060 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (162,801 KRW) versus Asset-Based (12,325 KRW). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 75 · Market factors (momentum, volatility) 42
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
HD Hyundai Marine Solution Co., Ltd. provides integrated engineering-based services to Hyundai brand ships. The company also supplies genuine spare parts, and customized parts and services; and provides related technical services, including maintenance and repair, and workshop services.
Full company description
HD Hyundai Marine Solution Co., Ltd. provides integrated engineering-based services to Hyundai brand ships. The company also supplies genuine spare parts, and customized parts and services; and provides related technical services, including maintenance and repair, and workshop services. In addition, it offers genuine parts, technical support, and operation and maintenance services for stationary engine power plants. Further, the company engages in the design, installation, and commissioning of retrofit parts, such as scrubbers, BWTS, etc., as well as provides digital control and marine automation solutions, and bunkering and warranty services. Additionally, it offers performance improvement services, such as ship bow/propeller modification, slow steaming, and ship optimization; and education services in the areas of engine performance, operation, maintenance, engine components, electric systems, and engine control systems. The company was founded in 1972 and is headquartered in Busan, South Korea. HD HYUNDAI Marine Solution CO.,LTD. operates as a subsidiary of HD Hyundai Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
HD Hyundai Marine Solution Co reported revenue of 2.0T KRW in FY2025 versus 1.1T KRW in FY2021, a compound +16.2%/yr. Reported net income was 270B KRW in FY2025, compounding +31.7%/yr from FY2021.
443060 screens 47% overvalued. Compare with General Electric Company →
Peer Group
Aerospace & Defense · 226 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Aerospace & Defense median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $381.22 | $116.71 | -69% |
| RTX Corporation RTX | $195.93 | $88.37 | -55% |
| Airbus SE 1AIR | €213.25 | €86.20 | -60% |
| The Boeing Company BA | $217.11 | $48.20 | -78% |
| China CSSC Holdings 600150 | ¥34.31 | ¥21.90 | -36% |
| HD Hyundai Heavy Industries Co 329180 | 466,000 KRW | 272,966 KRW | -41% |
| Hanwha Aerospace Co 012450 | 967,000 KRW | 573,468 KRW | -41% |
| ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS | 337.50 TRY | 130.70 TRY | -61% |
| Saab AB SAABB | kr 520.40 | kr 212.84 | -59% |
| Kongsberg Gruppen ASA KOG | kr 277.50 | kr 106.93 | -61% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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