Hanil Forging Industrial Co. Ltd (024740) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 68.9B KRW (≈ $48.3M) · ISIN KR7024740003

What is Hanil Forging Industrial Co. Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (1,228 KRW). The favourable scenario is already priced in.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.

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 1,830 KRW – 5,460 KRW · fair‑value band 937.68 KRW – 1,228 KRW · the 2,060 KRW price screens above the 966.09 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

Hanil Forging Industrial Co. Ltd (024740) currently trades at 2,060 KRW, while our model-based Fair Value estimate is 966.09 KRW, implying the stock looks roughly 113.2% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Asset-Based group reads highest at a median of 3,116 KRW per share, and 7 of the 23 models we run sit above the 2,060 KRW price. Bear case: the Dividend Discount group reads lowest at 245.61 KRW, and 16 of the 23 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Hanil Forging Industrial Co. Ltd generated revenue of 173B KRW at a net margin of −1.4%. Revenue grew 23.8% year over year. Net debt stands at 60.6B KRW. Fundamentals as of Sep 3, 2026

Our scenario range runs from 937.68 KRW (bear case) to 1,228 KRW (bull case); at 2,060 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 57% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 42% fair-value upside, at −53%, 024740 screens richer 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.

Widest divergence: Asset-Based (3,116 KRW) versus Dividend Discount (245.61 KRW). Highest evidence: FCF DCF (82).

Key figures & financial health

Quality Score breakdown

About the company

Hanil Forging Industrial Co., Ltd. produces and supplies automobile components in South Korea and internationally. The company provides axle shafts, spindles, ring gears, hammer forgings, and aluminum forgings for use in SUVs, trucks, buses, trailers, electric trains, ships, aircrafts, and passenger cars, as well as in industrial machinery.

Full company description

Hanil Forging Industrial Co., Ltd. produces and supplies automobile components in South Korea and internationally. The company provides axle shafts, spindles, ring gears, hammer forgings, and aluminum forgings for use in SUVs, trucks, buses, trailers, electric trains, ships, aircrafts, and passenger cars, as well as in industrial machinery. It also offers defense industrial products, which are used in antitanks, warships, aircrafts, and heavy weapons; radial forgings for use in ship building, plants, industrial machines, railroad vehicles, iron manufacturing facilities, wind power, nuclear power, etc.; bevel gears for passenger cars and commercial vehicles; and firewall parts for use in Korean mobile helicopters. The company was founded in 1966 and is headquartered in Changwon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hanil Forging Industrial Co. Ltd reported revenue of 127B KRW in FY2025 versus 152B KRW in FY2021, a compound −4.5%/yr. Reported net income was 1.5B KRW in FY2025.

024740 screens 113% overvalued. Compare with ML →

Peer Group

Consumer Discretionary · 3805 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 “Automobiles & Auto Parts” was too small, so the broader sector is used.)

Valuation Multiples vs Consumer Discretionary 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.

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.

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