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Hansun Engineering Co (452280) Fair Value & Analysis

Industrials · KR · Market cap 207B KRW

HE Hansun Engineering Co 452280 · KQ
Price13,440 KRW
Fair Value7,192 KRW
Upside-46.5%
Quality43/100
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Expensive Growth
Thin margins · 2.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Moderate moat 51/100
Evidence: Medium Range 5,039 KRW – 9,345 KRW Share as image

Fair value as of: Jul 22, 2026

From 14 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 8,013 KRW to 7,192 KRW (−10.2%) since Jul 11, 2026. Share price +18.4% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (9,345 KRW). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (5,039 KRW to 9,345 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

33,900 KRW 5,520 KRW Fair Value 7,192 KRW Nov 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

33‑month range 5,520 KRW – 33,900 KRW · fair‑value band 5,039 KRW – 9,345 KRW · the 13,440 KRW price screens above the 7,192 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Hansun Engineering Co (452280) currently trades at 13,440 KRW, while our model-based Fair Value estimate is 7,192 KRW, implying the stock looks roughly 46.5% overvalued today. The Quality Score stands at 43/100 (below-average 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: medium).

Over the trailing twelve months, Hansun Engineering Co generated revenue of 72.5B KRW at a net margin of 2.8%. Revenue grew 70.7% year over year. It earns a return on equity of 2.7%. Net debt stands at 27.3B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 5,039 KRW (bear case) to 9,345 KRW (bull case); at 13,440 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 64% below its 52-week high and 105% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -46%, 452280 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.

Model 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. Evidence
Highest evidence
ROIC Compounder 3,502 KRW 5,215 KRW 7,005 KRW 72
Growth-Adj P/E 8,636 KRW 12,337 KRW 16,038 KRW 68
P/E Multiple 7,312 KRW 9,750 KRW 12,187 KRW 63
All 14 models by family
Earnings-Based
Graham-Dodd 3,157 KRW 21,263 KRW 29,795 KRW 54
Lynch FV 6,230 KRW 8,900 KRW 11,570 KRW 50
PEG = 1.0 6,230 KRW 8,900 KRW 11,570 KRW 46
EPV 3,502 KRW 4,209 KRW 4,836 KRW 59
Multiples
P/E Multiple 7,312 KRW 9,750 KRW 12,187 KRW 63
P/S Multiple 4,927 KRW 6,569 KRW 8,211 KRW 58
P/B Multiple 5,919 KRW 7,893 KRW 9,866 KRW 55
EV/EBIT 5,959 KRW 8,112 KRW 10,265 KRW 53
EV/EBITDA 5,571 KRW 7,595 KRW 9,619 KRW 54
EV/Revenue 3,639 KRW 5,413 KRW 7,186 KRW 43
Asset-Based
NCAV (Graham) 1,776 KRW 2,379 KRW 3,551 KRW 50
Economic Profit
Residual Income 3,436 KRW 4,340 KRW 11,088 KRW 61
ROIC Compounder 3,502 KRW 5,215 KRW 7,005 KRW 72
Growth Earnings
Growth-Adj P/E 8,636 KRW 12,337 KRW 16,038 KRW 68

Widest divergence: Growth Earnings (12,337 KRW) versus Asset-Based (2,379 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 72.5B KRW
Revenue growth (YoY) +70.7%
Net margin 2.8%
Return on equity 2.7%
Free cash flow −33.4B KRW FY2025
Operating margin 27.7%
More key figures
EPS growth (YoY) -90.8%
Net debt 27.3B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 48

Profitability 42
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 75
Buybacks instead of dilution

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

Hansun Engineering Co., Ltd. manufactures and sells tube fittings and valves in South Korea and internationally. The company also offers connectors, filters, condensate pots and distribution manifolds, cylinders, and tubing products, as well as liquid gas leak detector products. The company was founded in 1993 and is headquartered in Busan, South Korea.

Full company description

Hansun Engineering Co., Ltd. manufactures and sells tube fittings and valves in South Korea and internationally. The company also offers connectors, filters, condensate pots and distribution manifolds, cylinders, and tubing products, as well as liquid gas leak detector products. The company was founded in 1993 and is headquartered in Busan, South Korea. Hansun Engineering Co., Ltd. operates as a subsidiary of Hankuk Steel Wire Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hansun Engineering Co reported revenue of 63.2B KRW in FY2025 versus 27.2B KRW in FY2021, a compound +23.5%/yr. Reported net income was 8.9B KRW in FY2025, compounding +38.9%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
63.2B KRW
Latest YoY
+30.2%
Avg. growth/yr (3Y) 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.
+15.6%
Revenue +23.5%/yr
FY21 27.2B KRW
FY22 41.0B KRW
FY23 47.8B KRW
FY24 48.5B KRW
FY25 63.2B KRW
Net income +38.9%/yr
FY21 2.4B KRW
FY22 5.5B KRW
FY23 4.5B KRW
FY24 4.2B KRW
FY25 8.9B KRW

452280 screens 46% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Hansun Engineering Co Fair Value". https://www.fairvalue-calculator.com/stock/452280

Peer Group

Specialty Industrial Machinery · 808 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.

Quality Score 43 · Bottom 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 7% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 28% · Top 25%
Revenue growth 71% · Top 25%
Debt / equity 0.47× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

EV/EBITDA 0.6× · Cheaper than 75% of peers

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 · sector 0
FUTURE 100 · sector 23
PAST 11 · sector 28
HEALTH 77 · sector 96
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Hansun Engineering Co (452280) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 7,192 KRW versus a price of 13,440 KRW, about −46% (overvalued).
What is the fair value of 452280?
Our model-based fair value for Hansun Engineering Co is 7,192 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 13,440 KRW.
What is the quality score of 452280?
Hansun Engineering Co has a Quality Score of 43/100. 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 revenue of Hansun Engineering Co (452280)?
Hansun Engineering Co reported trailing-twelve-month revenue of about 72.5B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 452280?
The net profit margin of Hansun Engineering Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.

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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