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Hanchem Co (457370) Fair Value & Analysis

Technology · KR · Market cap 52.3B KRW

HC Hanchem Co 457370 · KQ
Price7,560 KRW
Fair Value13,837 KRW
Upside+83.0%
Quality44/100
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Expensive Growth
Solidly profitable · 15.9% net margin
Low debt · negative free cash flow
2.86% dividend yield
Ranks above peers (7/9)
Narrow moat 44/100
Evidence: Medium Range 10,214 KRW – 17,461 KRW Share as image

Fair value as of: Jul 21, 2026

From 14 valuation models · updated 20 days ago

Share price −6.6% over the past month.

Below-average quality, screening 83% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (10,214 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (22 months)

22,197 KRW 5,480 KRW Fair Value 13,837 KRW Oct 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

22‑month range 5,480 KRW – 22,197 KRW · fair‑value band 10,214 KRW – 17,461 KRW · the 7,560 KRW price screens below the 13,837 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Hanchem Co (457370) currently trades at 7,560 KRW, while our model-based Fair Value estimate is 13,837 KRW, implying the stock looks roughly 83.0% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Hanchem Co generated revenue of 32.3B KRW at a net margin of 15.9%. Revenue declined 20.6% year over year. It earns a return on equity of 9.0%. Net debt stands at 5.1B KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 10,214 KRW (bear case) to 17,461 KRW (bull case); at 7,560 KRW, the current price sits below 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 56% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 83%, 457370 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 4,857 KRW 5,635 KRW 6,315 KRW 72
Growth-Adj P/E 11,960 KRW 17,086 KRW 22,211 KRW 68
P/E Multiple 15,494 KRW 20,659 KRW 25,824 KRW 63
All 14 models by family
Earnings-Based
Graham-Dodd 5,017 KRW 13,548 KRW 17,745 KRW 54
Lynch FV 2,655 KRW 3,792 KRW 4,930 KRW 50
PEG = 1.0 2,655 KRW 3,792 KRW 4,930 KRW 46
EPV 4,857 KRW 5,635 KRW 6,315 KRW 59
Multiples
P/E Multiple 15,494 KRW 20,659 KRW 25,824 KRW 63
P/S Multiple 9,407 KRW 12,543 KRW 15,679 KRW 58
P/B Multiple 9,407 KRW 12,543 KRW 15,679 KRW 55
EV/EBIT 11,354 KRW 15,075 KRW 18,795 KRW 53
EV/EBITDA 11,061 KRW 14,685 KRW 18,308 KRW 54
EV/Revenue 5,835 KRW 8,253 KRW 10,672 KRW 43
Asset-Based
NCAV (Graham) 3,790 KRW 5,079 KRW 7,581 KRW 50
Economic Profit
Residual Income 6,616 KRW 7,326 KRW 11,100 KRW 61
ROIC Compounder 4,857 KRW 5,635 KRW 6,315 KRW 72
Growth Earnings
Growth-Adj P/E 11,960 KRW 17,086 KRW 22,211 KRW 68

Widest divergence: Growth Earnings (17,086 KRW) versus Earnings-Based (3,792 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 32.3B KRW
Revenue growth (YoY) -20.6%
Net margin 15.9%
Return on equity 9.0%
Free cash flow −3.7B KRW FY2025
Operating margin 7.3%
More key figures
Dividend yield 1.6%
EPS growth (YoY) -50.0%
Net debt 5.1B KRW FY2023

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 47 · Market factors (momentum, volatility) 12

Profitability 45
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 96
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

Hanchem Co,. Ltd. research, develop, and produce compound materials and preservatives in South Korea. The company offers BOZONE AIR, BOZONE, BOZONE clean, BOZONE sorb, power dry - UX, wood keeper-A, wood keeper-natural, and stone keepers; and flat pack eco-fant boxes, premier drop spine boxes, premier square tube boxes, time care library ring binder boxes, …

Full company description

Hanchem Co,. Ltd. research, develop, and produce compound materials and preservatives in South Korea. The company offers BOZONE AIR, BOZONE, BOZONE clean, BOZONE sorb, power dry - UX, wood keeper-A, wood keeper-natural, and stone keepers; and flat pack eco-fant boxes, premier drop spine boxes, premier square tube boxes, time care library ring binder boxes, acid-free, spider tissues, ok tissues, silk tissues, neutral hanji, polyester album pages, and preservation pocket preservatives. It also provides preservative rust inhibitors, air purifiers/sterilizers, paulownia wood cabinets, transparent plastic boxes, plastic boxes, sompo, deoxidizing agents, crystal paperweights, and neutral repair tapes. In addition, the company offers OLED materials. Its products are used in used in semiconductors, pharmaceuticals, fuel cells, catalysts, and petrochemicals. The company was founded in 1998 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Hanchem Co reported revenue of 33.9B KRW in FY2025 versus 21.5B KRW in FY2022, a compound +16.4%/yr. Reported net income was 5.8B KRW in FY2025, compounding +22.0%/yr from FY2022.

Growth Quality 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
33.9B KRW
Latest YoY
−7.6%
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.
+16.4%
Revenue +16.4%/yr
FY22 21.5B KRW
FY23 26.9B KRW
FY24 36.7B KRW
FY25 33.9B KRW
Net income +22.0%/yr
FY22 3.2B KRW
FY23 4.2B KRW
FY24 5.8B KRW
FY25 5.8B KRW

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Cite: Fair Value Calculator (2026). "Hanchem Co Fair Value". https://www.fairvalue-calculator.com/stock/457370

Peer Group

Electronic Components · 625 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 44 · Below median
Fair Value upside +83% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 2.9% · Top 25%
Debt / equity 0.03× · Lower than median

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 100 · sector 0
FUTURE 0 · sector 32
PAST 36 · sector 24
HEALTH 98 · sector 95
DIVIDEND 57 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Hanchem Co (457370) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 13,837 KRW versus a price of 7,560 KRW, about +83% (undervalued).
What is the fair value of 457370?
Our model-based fair value for Hanchem Co is 13,837 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 7,560 KRW.
What is the quality score of 457370?
Hanchem Co has a Quality Score of 44/100. 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 Hanchem Co (457370)?
Hanchem Co reported trailing-twelve-month revenue of about 32.3B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 457370?
The net profit margin of Hanchem Co is about 15.9%, meaning it keeps roughly 15.9% of revenue as net income. Based on the latest reported figures.
Does Hanchem Co pay a dividend?
Hanchem Co currently shows a dividend yield of about 1.61% relative to its recent price (as of Jul 21, 2026).

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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