HBL Corporation (452190) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of HBL Corporation stock KRW 1,732, price KRW 3,575, that is 51.6% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 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 9, 2026.
How to read this chart
34‑month range 2,790 KRW – 16,620 KRW · fair‑value band 1,216 KRW – 2,164 KRW · the 3,575 KRW price screens above the 1,732 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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HBL Corporation manufactures and sells laser processing equipment and laser solutions in South Korea and internationally. The company provides laser generation, laser beam transmission, and laser processing technologies; and laser application solutions.
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It also offers laser development, automation systems, and vision systems. The company serves automobile, battery, semiconductor, and other industries. HBL Corporation was founded in 1997 and is headquartered in Daejeon, South Korea.
Stock analysis
HBL Corporation (452190) currently trades at 3,575 KRW, while our model-based Fair Value estimate is 1,732 KRW, 52% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,737 KRW per share, and 1 of the 14 models we run sit above the 3,575 KRW price.
Bear case: the Asset-Based group reads lowest at 616.53 KRW, and 13 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,216 KRW (bear) to 2,164 KRW (bull), the price of 3,575 KRW sits above 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 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
HBL Corporation reported revenue of 24.2B KRW in FY2025 versus 17.6B KRW in FY2021, a compound +8.3%/yr. Reported net income was 2.4B KRW in FY2025, compounding +6.6%/yr from FY2021.
Key figures
Market cap 85.4B KRW (≈ $63.2M) Micro · P/E ratio 29.8 · P/S ratio 3.27 · EPS (TTM) 147.15 KRW · Net margin 13.5% · Return on equity 11.8% · Return on assets (EBIT) 2.8% (5-year average) · Operating margin 11.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 64% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −52%, 452190 screens richer than that median.
Fair Value models
Bear1,216 KRWFair Value 1,732 KRWBull2,164 KRW
Price 3,575 KRW · Downside -51.6%
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 (126.18 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.37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+30.8%
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.
+5.6%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
+3.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.3%
Dividend (yield on the price)0.0%
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.8% → 8%
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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−51.6% · Below median
Profitability
Return on equity (12 months)11.8% · Above median
Return on assets5.8% · Above median
Net margin (12 months)13.5% · Top 25%
Operating margin (12 months)11.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−44.8% · Bottom 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)29.8× · Pricier than median
P/B2.79× · Pricier than median
P/S (12 months)3.27× · Pricier than median
EV/EBITDA23.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 30
PAST (return on equity)47· sector 28
HEALTH (low debt)93· sector 96
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "HBL Corporation Fair Value". https://www.fairvalue-calculator.com/stock/452190
Frequently asked questions
Is HBL Corporation (452190) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 1,732 KRW versus a price of 3,575 KRW, about 52% lower (overvalued).
What is the fair value of 452190?
Our model-based fair value for HBL Corporation is 1,732 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 3,575 KRW.
What is the quality score of 452190?
HBL Corporation has a Quality Score of 48/100. 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 HBL Corporation (452190)?
Our model-based price target is the fair value of 1,732 KRW (as of Nov 9, 2026) from 14 valuation models. Cautious scenario 1,216 KRW, optimistic scenario 2,164 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HBL Corporation stock forecast for 2026?
Our models put fair value at 1,732 KRW, about 52% lower versus a price of 3,575 KRW (overvalued). Cautious scenario 1,216 KRW, optimistic scenario 2,164 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HBL Corporation (452190)?
HBL Corporation reported trailing-twelve-month revenue of about 26.2B KRW (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of HBL Corporation (452190)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HBL Corporation it is 1,732 KRW per share (as of Nov 9, 2026), against a price of 3,575 KRW. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is HBL Corporation stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 452190 trades above its calculated fair value: price 3,575 KRW, fair value 1,732 KRW, a gap of about −52% (overvalued). 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 452190?
No. The price is what the market pays today (3,575 KRW); the fair value is what the company's own numbers justify (1,732 KRW). For HBL Corporation the two are 1,843 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HBL Corporation worth?
The market values HBL Corporation at about 85.4B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 3,575 KRW; our models calculate a fair value of 1,732 KRW per share.
What do the bullish and bearish scenarios say about 452190?
Our models span a range for HBL Corporation: cautious scenario 1,216 KRW, base 1,732 KRW, optimistic 2,164 KRW per share (as of Nov 9, 2026, price 3,575 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 452190?
HBL Corporation trades at a price-to-earnings ratio of 29.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,732 KRW is built from several models across several years. Other multiples: P/B 2.8, P/S 3.3, EV/EBITDA 23.8.
How solid is the balance sheet of HBL Corporation (452190)?
Balance-sheet figures for HBL Corporation (as of Nov 9, 2026): return on equity 11.8%, debt of 0.14 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 452190 from its 52-week high?
HBL Corporation trades at 3,575 KRW, about 64% below its 52-week high of 10,010 KRW and 28% above the low of 2,795 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,732 KRW is for.
Which stocks are comparable to HBL Corporation?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 HBL Corporation stock attractive at the current price?
The data as of Nov 9, 2026: price 3,575 KRW, calculated fair value 1,732 KRW (−52%), Quality Score 48/100, from 14 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 452190 calculated?
We run HBL Corporation through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,732 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. HBL Corporation itself currently trades above fair value. 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 HBL Corporation (452190)?
The closing price on Nov 6, 2026 was 3,575 KRW. Our model-based fair value is 1,732 KRW, about 52% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HBL Corporation right now?
The price sits above even our optimistic bull case (2,164 KRW). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of HBL Corporation
How large is the market capitalisation of HBL Corporation (452190)?
The market capitalisation of HBL Corporation is 85.4B KRW (≈ $63.2M). 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 HBL Corporation (452190)?
The price-to-sales ratio of HBL Corporation is 3.27 (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 HBL Corporation (452190)?
Earnings per share at HBL Corporation are 147.15 KRW (price ÷ EPS = P/E 29.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HBL Corporation (452190)?
The net margin of HBL Corporation is 13.5% (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 HBL Corporation (452190)?
The return on equity (ROE) of HBL Corporation is 11.8% (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 HBL Corporation (452190)?
On an EBIT basis the return on assets of HBL Corporation is 2.8% (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 HBL Corporation (452190)?
The operating margin of HBL Corporation is 11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HBL Corporation (452190)?
Revenue at HBL Corporation is growing −44.8% versus a year earlier (3y avg +5.6%). 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 HBL Corporation (452190)?
Earnings per share at HBL Corporation are growing −50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HBL Corporation (452190) generate?
The free cash flow of HBL Corporation is −4.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does HBL Corporation (452190) carry?
The net debt of HBL Corporation is 2.5B KRW (fiscal year 2025). 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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Some data
Nov 9, 2026