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STOCK COMPARISON

Hyundai Energy Solutions Co vs First Solar: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hyundai Energy Solutions Co (322000) and First Solar (FSLR) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Hyundai Energy Solutions Co trades at KRW 138,900 versus a fair value of KRW 88,223 (-36%), while First Solar trades at $207 versus $392 (+89%).
Hyundai Energy Solutions Co
322000.KO · KRW · Information Technology
-36%
upside to fair value
overvalued
PriceKRW 138,900
Fair ValueKRW 88,223
Quality68/100
First Solar
FSLR · USD · Information Technology
+89%
upside to fair value
undervalued
Price$207
Fair Value$392
Quality65/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Hyundai Energy Solutions CoFirst Solar
Valuation
P/E (TTM)14.7×
P/S (TTM)4.52×
P/B2.57×
EV/EBITDA9.7×
PEG0.60×
−36.5%Fair value upside+89.0%
0.4%Dividend yield
Profitability
18%Operating margin33%
1.71×EBIT margin trend (5Y)2.76×
16%Return on equity18%
9%Return on assets8%
Growth
88%Revenue growth (YoY)24%
-20.6%Avg. growth/yr (3Y)25.8%
4.5%Avg. growth/yr (5Y)14.0%
+23.3%Value creation/yr+38.9%
Balance & size
114.5×Interest coverage (EBIT/interest)38.1×
0.04×Debt / equity0.03×
$1BMarket cap$24B
weakGrowth qualityhealthy

First Solar leads: 2 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Hyundai Energy Solutions Coof which business quality 62 · market factors 59 First Solarof which business quality 66 · market factors 27
ProfitabilityMargins and returns on capital today
49
56
Quality GrowthAre margins and returns improving?
84
54
CashflowEarnings quality: real cash, not paper profit
10
72
Fin. StrengthBalance sheet, leverage, solvency risk
84
94
InvestmentDisciplined investing over empire-building
92
14
Low VolatilityCalm price path (market factor)
24
11
MomentumPrice trend over the last 3–12 months (market factor)
74
35
52W MomentumDistance to the 52-week high (market factor)
73
32
Net IssuanceBuybacks instead of dilution
82
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyHyundai Energy Solutions CoPrice KRW 138,900First SolarPrice $207
DCF Models-10%close to the priceKRW 125,695+123%above the price$463
Earnings-Based-14%close to the priceKRW 119,523+50%above the price$310
Dividend Discount-92%below the priceKRW 11,461n/a
Multiples-45%below the priceKRW 75,741+53%above the price$318
Asset-Based-82%below the priceKRW 24,992-71%below the price$59.47
Growth DCFn/a+68%above the price$348
Economic Profit-70%below the priceKRW 42,161-3%close to the price$202
Growth Earnings+27%above the priceKRW 176,020+127%above the price$471
Minimum-92%below the priceKRW 11,461-71%below the price$59.47
Maximum+27%above the priceKRW 176,020+127%above the price$471
Median-45%below the priceKRW 75,741+53%above the price$318
Geometric mean-58%below the priceKRW 58,760+27%above the price$264

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Hyundai Energy Solutions Co: 15 of 17 models see the stock below the current price.

First Solar: 3 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Hyundai Energy Solutions Co
Bear KRW 32,144Fair Value KRW 88,223Bull KRW 109,792
KRW 138,900 = current price (white tick)
First Solar
Bear $224Fair Value $392Bull $485
$207 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Hyundai Energy Solutions Co · Information Technology

Quality score68 · Top 25%
Fair value upside-36% · below median

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+89% · Top 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Hyundai Energy Solutions Co trades at KRW 138,900 versus a fair value of KRW 88,223 (-36%), while First Solar trades at $207 versus $392 (+89%).

Hyundai Energy Solutions Co has the higher quality score (68/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.