HD Hyundai Marine Solution (443060) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of HD Hyundai Marine Solution stock KRW 176,550, price KRW 160,500, upside +10.0%, quality 74 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
30‑month range 95,169 KRW – 278,282 KRW · fair‑value band 121,286 KRW – 229,515 KRW · the 160,500 KRW price screens below the 176,550 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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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.
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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.
Stock analysis
HD Hyundai Marine Solution (443060) currently trades at 160,500 KRW, while our model-based Fair Value estimate is 176,550 KRW, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 160,310 KRW per share, and 6 of the 26 models we run sit above the 160,500 KRW price.
Bear case: the Economic Profit group reads lowest at 62,932 KRW, and 20 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 121,286 KRW (bear) to 229,515 KRW (bull), the price of 160,500 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
HD Hyundai Marine Solution 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.
Key figures
Market cap 7.5T KRW (≈ $5.5B) Mid · P/E ratio 22.0 · P/S ratio 3.41 · EPS (TTM) 7,459 KRW · Dividend yield 2.2% · Net margin 15.3% · Return on equity 41.3% · Return on assets (EBIT) 27.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 77 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at 10%, 443060 screens cheaper than that median.
Fair Value models
Bear121,286 KRWFair Value 176,550 KRWBull229,515 KRW
Price 160,500 KRW · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3,309 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.1%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+36.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.7%
Dividend (yield on the price)2.2%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 18%
2025 sits 77% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +9.2% a year for the price and +10.3% for the forecasts.
Compare HD Hyundai Marine Solution with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Aerospace & Defense · 238 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside+10.0% · Top 25%
Profitability
Return on equity (12 months)41.3% · Top 25%
Return on assets21.2% · Top 25%
Net margin (12 months)15.3% · Top 25%
Operating margin (12 months)16.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)24.1% · Above median
Dividend yield (12 months)2.2% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (12 months)22.0× · Cheaper than median
P/B9.04× · Priciest 25%
P/S (12 months)3.41× · Pricier than median
Price / free cash flow (fiscal year)24.3× · Cheaper than median
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Is HD Hyundai Marine Solution (443060) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 176,550 KRW versus a price of 160,500 KRW, about +10% upside (fairly valued).
What is the fair value of 443060?
Our model-based fair value for HD Hyundai Marine Solution is 176,550 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 160,500 KRW.
What is the quality score of 443060?
HD Hyundai Marine Solution has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for HD Hyundai Marine Solution (443060)?
Our model-based price target is the fair value of 176,550 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 121,286 KRW, optimistic scenario 229,515 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HD Hyundai Marine Solution stock forecast for 2026?
Our models put fair value at 176,550 KRW, about +10% upside versus a price of 160,500 KRW (fairly valued). Cautious scenario 121,286 KRW, optimistic scenario 229,515 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HD Hyundai Marine Solution (443060)?
HD Hyundai Marine Solution reported trailing-twelve-month revenue of about 2.2T KRW (latest available figure, as of Nov 7, 2026).
Does HD Hyundai Marine Solution pay a dividend?
HD Hyundai Marine Solution currently shows a dividend yield of 2.24% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of HD Hyundai Marine Solution (443060) and when is the ex-dividend date?
HD Hyundai Marine Solution pays a dividend of 3,600 KRW per share a year, a dividend yield of 2.2%. The last ex-dividend date was Aug 10, 2026. The payout ratio is 48.3% of earnings. Free cash flow covers the dividend 1.90 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into HD Hyundai Marine Solution (443060)?
For today's price to be fair in a discounted-cash-flow model, HD Hyundai Marine Solution would have to grow free cash flow by +11.5 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +16.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 443060 use?
Our models discount HD Hyundai Marine Solution at 9.5 %: a base by market capitalisation (mid), damped by beta 0.76, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For HD Hyundai Marine Solution that is +11.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has HD Hyundai Marine Solution (443060) delivered so far?
Over the past 4 years revenue at HD Hyundai Marine Solution grew +16.2 % a year. The price currently implies free-cash-flow growth of +11.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of HD Hyundai Marine Solution (443060) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into HD Hyundai Marine Solution (+11.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of HD Hyundai Marine Solution (443060)?
The free-cash-flow yield on the price is 4.25 %: that much free cash flow HD Hyundai Marine Solution produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HD Hyundai Marine Solution (443060)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HD Hyundai Marine Solution it is 176,550 KRW per share (as of Nov 7, 2026), against a price of 160,500 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is HD Hyundai Marine Solution stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 443060 trades below its calculated fair value: price 160,500 KRW, fair value 176,550 KRW, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 443060?
No. The price is what the market pays today (160,500 KRW); the fair value is what the company's own numbers justify (176,550 KRW). For HD Hyundai Marine Solution the two are 16,050 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HD Hyundai Marine Solution worth?
The market values HD Hyundai Marine Solution at about 7.5T KRW (market capitalisation, as of Nov 7, 2026). Per share that is 160,500 KRW; our models calculate a fair value of 176,550 KRW per share.
What do the bullish and bearish scenarios say about 443060?
Our models span a range for HD Hyundai Marine Solution: cautious scenario 121,286 KRW, base 176,550 KRW, optimistic 229,515 KRW per share (as of Nov 7, 2026, price 160,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 443060?
HD Hyundai Marine Solution trades at a price-to-earnings ratio of 22.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 176,550 KRW is built from several models across several years. Other multiples: P/B 9.0, P/S 3.4, EV/EBITDA 18.3.
How solid is the balance sheet of HD Hyundai Marine Solution (443060)?
Balance-sheet figures for HD Hyundai Marine Solution (as of Nov 7, 2026): return on equity 41.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 443060 from its 52-week high?
HD Hyundai Marine Solution trades at 160,500 KRW, about 42% below its 52-week high of 278,282 KRW and 2% above the low of 157,842 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 176,550 KRW is for.
Which stocks are comparable to HD Hyundai Marine Solution?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HD Hyundai Marine Solution stock attractive at the current price?
The data as of Nov 7, 2026: price 160,500 KRW, calculated fair value 176,550 KRW (+10%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 443060 calculated?
We run HD Hyundai Marine Solution through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 176,550 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. HD Hyundai Marine Solution currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HD Hyundai Marine Solution (443060)?
The closing price on Nov 6, 2026 was 160,500 KRW. Our model-based fair value is 176,550 KRW, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HD Hyundai Marine Solution right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (121,286 KRW to 229,515 KRW) leaves room in how you read the outcome.
Key figures of HD Hyundai Marine Solution
How large is the market capitalisation of HD Hyundai Marine Solution (443060)?
The market capitalisation of HD Hyundai Marine Solution is 7.5T KRW (≈ $5.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HD Hyundai Marine Solution (443060)?
The price-to-sales ratio of HD Hyundai Marine Solution is 3.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HD Hyundai Marine Solution (443060)?
Earnings per share at HD Hyundai Marine Solution are 7,459 KRW (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HD Hyundai Marine Solution (443060)?
The dividend yield of HD Hyundai Marine Solution is 2.2% (payout 48.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HD Hyundai Marine Solution (443060)?
The net margin of HD Hyundai Marine Solution is 15.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HD Hyundai Marine Solution (443060)?
The return on equity (ROE) of HD Hyundai Marine Solution is 41.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HD Hyundai Marine Solution (443060)?
On an EBIT basis the return on assets of HD Hyundai Marine Solution is 27.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HD Hyundai Marine Solution (443060)?
The operating margin of HD Hyundai Marine Solution is 16.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HD Hyundai Marine Solution (443060)?
Revenue at HD Hyundai Marine Solution is growing +24.1% versus a year earlier (3y avg +14.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HD Hyundai Marine Solution (443060)?
Earnings per share at HD Hyundai Marine Solution are growing +56.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does HD Hyundai Marine Solution (443060) carry?
The net debt of HD Hyundai Marine Solution is 32.2B KRW (fiscal year 2023, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026