Han Kook Capital Co. Ltd (023760) Fair Value & Analysis
Financials · KR · Market cap 222B KRW (≈ $155M) · ISIN KR7023760002
What is Han Kook Capital Co. Ltd really worth?
Below-average quality, trading 50% below our fair value of 2,820 KRW.
Risks
For context
Fair value as of: Sep 3, 2026
From 4 valuation models · updated yesterday
Fair value updated Sep 3, 2026, revised from 1,340 KRW to 2,820 KRW (+110.4%) since Aug 13, 2026. Share price +6.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (2,115 KRW). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range 894.56 KRW – 2,352 KRW · fair‑value band 2,115 KRW – 3,525 KRW · the 1,421 KRW price screens below the 2,820 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Han Kook Capital Co. Ltd (023760) currently trades at 1,421 KRW, while our model-based Fair Value estimate is 2,820 KRW, implying the stock looks roughly 49.6% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Financials sector. Bull case: the Multiples group reads highest at a median of 6,413 KRW per share, and 4 of the 4 models we run sit above the 1,421 KRW price. Bear case: the Asset-Based group reads lowest at 3,069 KRW, and 0 of the 4 models stay below the price. Evidence for this calculation is low.
Revenue grew 20.4% year over year. Net debt stands at 4.0T KRW. Fundamentals as of Sep 3, 2026
Our scenario range runs from 2,115 KRW (bear case) to 3,525 KRW (bull case); at 1,421 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 near its 52-week high and 109% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financials peers we cover trades at 73% fair-value upside, at 98%, 023760 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 4 models by family
Widest divergence: Multiples (6,413 KRW) versus Asset-Based (3,069 KRW). Highest evidence: Residual Income (68).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 47
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Han Kook Capital.Co., Ltd, together with its subsidiary, operates as a credit specialty company in South Korea. It primarily provides lease, venture capital, credits, factoring, and corporate restructuring services. The company was formerly known as Chungbu Leasing & Finance Co., Ltd. and changed its name to Han Kook Capital.Co., Ltd in October 2001.
Full company description
Han Kook Capital.Co., Ltd, together with its subsidiary, operates as a credit specialty company in South Korea. It primarily provides lease, venture capital, credits, factoring, and corporate restructuring services. The company was formerly known as Chungbu Leasing & Finance Co., Ltd. and changed its name to Han Kook Capital.Co., Ltd in October 2001. Han Kook Capital.Co., Ltd was founded in 1989 and is based in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Han Kook Capital Co. Ltd reported revenue of 183B KRW in FY2025 versus 165B KRW in FY2021, a compound +2.7%/yr. Reported net income was 101B KRW in FY2025, compounding +17.3%/yr from FY2021.
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Peer Group
Financials · 3318 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Banking Services” was too small, so the broader sector is used.)
Valuation Multiples vs Financials median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banking Services stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Federal Home Loan Mortgage Corporation FMCKK | $13.00 | $26.00 | +100% |
| SRTRANSFIN SRTRANSFIN | ₹1,134 | ₹1,329 | +17% |
| 532134 532134 | ₹247.00 | ₹187.35 | −24% |
| LTG LTG | 14.88 PHP | 29.76 PHP | +100% |
| 532505 532505 | ₹26.11 | ₹52.22 | +100% |
| 590071 590071 | ₹4,617 | ₹7,978 | +73% |
| 535789 535789 | ₹150.30 | ₹221.25 | +47% |
| 540749 540749 | ₹303.35 | ₹385.27 | +27% |
| 533295 533295 | ₹22.88 | ₹31.07 | +36% |
| Sangsangin Co 038540 | 2,145 KRW | 4,290 KRW | +100% |
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