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HRS Co. Ltd (036640) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 76.4B KRW (≈ $53.5M) · ISIN KR7036640001

What is HRS Co. Ltd really worth?

HC HRS Co. Ltd 036640 · KQ
Price4,895 KRW
Fair Value6,042 KRW
Upside+23.4%
Quality60/100

A solid business, trading 19% below our fair value of 6,042 KRW.

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Strengths

Solidly profitable · 14.6% net margin
Low debt · generates free cash flow
Ranks above peers (8/9)

Risks

!Weak Growth (revenue 5y +3.2 %/yr)
!Moderate moat 63/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 4,991 KRW – 8,159 KRW

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 8,615 KRW to 6,042 KRW (−29.9%) since Jul 20, 2026. Share price +2.2% over the past month.

What runs behind every stock

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

What matters now

  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

7,976 KRW 3,648 KRW Fair Value 6,042 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3,648 KRW – 7,976 KRW · fair‑value band 4,991 KRW – 8,159 KRW · the 4,895 KRW price screens below the 6,042 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HRS Co. Ltd (036640) currently trades at 4,895 KRW, while our model-based Fair Value estimate is 6,042 KRW, implying the stock looks roughly 19.0% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of 11,253 KRW per share, and 22 of the 22 models we run sit above the 4,895 KRW price. Bear case: the Asset-Based group reads lowest at 5,418 KRW, and 0 of the 22 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, HRS Co. Ltd generated revenue of 92.0B KRW at a net margin of 14.6%. Revenue declined 3.4% year over year. Fundamentals as of Aug 13, 2026

Our scenario range runs from 4,991 KRW (bear case) to 8,159 KRW (bull case); at 4,895 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 10% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 38% fair-value upside, at 23%, 036640 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.

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
FCF DCF 5,727 KRW 7,078 KRW 9,416 KRW 79
Growth DCF 5,862 KRW 7,167 KRW 9,277 KRW 78
Owner Earnings 5,173 KRW 6,318 KRW 8,299 KRW 76
All 22 models by family
DCF Models
FCF DCF 5,727 KRW 7,078 KRW 9,416 KRW 79
Owner Earnings 5,173 KRW 6,318 KRW 8,299 KRW 76
5Y Revenue Exit 6,458 KRW 8,702 KRW 11,797 KRW 71
5Y EBITDA Exit 7,180 KRW 9,941 KRW 13,393 KRW 74
5Y P/E Exit 9,292 KRW 13,569 KRW 18,352 KRW 69
10Y Revenue Exit 6,004 KRW 7,932 KRW 10,199 KRW 66
10Y EBITDA Exit 6,591 KRW 8,754 KRW 11,278 KRW 67
10Y P/E Exit 7,894 KRW 11,162 KRW 14,631 KRW 63
Earnings-Based
Graham-Dodd 5,736 KRW 10,492 KRW 12,978 KRW 64
EPV 6,084 KRW 6,748 KRW 7,330 KRW 74
Multiples
P/E Multiple 10,756 KRW 14,341 KRW 17,926 KRW 63
P/S Multiple 5,537 KRW 7,382 KRW 9,228 KRW 58
P/B Multiple 10,756 KRW 14,341 KRW 17,926 KRW 55
EV/EBIT 10,886 KRW 13,815 KRW 16,744 KRW 66
EV/EBITDA 8,964 KRW 11,253 KRW 13,541 KRW 67
EV/Revenue 7,267 KRW 9,481 KRW 11,696 KRW 54
Asset-Based
NCAV (Graham) 4,043 KRW 5,418 KRW 8,086 KRW 54
Growth DCF
Growth DCF 5,862 KRW 7,167 KRW 9,277 KRW 78
Rev-Margin DCF 6,458 KRW 8,753 KRW 11,439 KRW 71
Economic Profit
Residual Income 7,189 KRW 8,062 KRW 13,509 KRW 72
ROIC Compounder 6,084 KRW 6,748 KRW 7,330 KRW 70
Growth Earnings
Growth-Adj P/E 7,697 KRW 10,996 KRW 14,295 KRW 65

Widest divergence: Multiples (11,253 KRW) versus Asset-Based (5,418 KRW). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/S ratio 0.83 TTM
Net margin 17.1% FY2025
Return on equity 1,223% TTM
Return on assets (EBIT) 12.5% avg 5y
Operating margin 18.8% TTM
Revenue (TTM) 92.0B KRW TTM
More key figures
Growth
Revenue growth (YoY) −3.4% 3y avg −2.9%
EPS growth (YoY) −36.6%
Balance sheet & cash flow
Free cash flow 5.7B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 48

Profitability 49
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 82
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.

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

HRS Co., Ltd engages in the manufacture and sale of silicone products in South Korea. The company offers high consistency silicone rubber, liquid silicone rubber, room temperature vulcanizing silicone rubber, silicon sheets, pressure sensitive adhesives, silicone rubber articles, silicone emulsion, and fluorine silicone.

Full company description

HRS Co., Ltd engages in the manufacture and sale of silicone products in South Korea. The company offers high consistency silicone rubber, liquid silicone rubber, room temperature vulcanizing silicone rubber, silicon sheets, pressure sensitive adhesives, silicone rubber articles, silicone emulsion, and fluorine silicone. Its products are used in keypads, O/A rolls, industrial rolls, interconnectors, spark plug boots, jar packing, jar heaters, UL and high voltage wires, deforest heater codes, EMI shielding, thermal conductive pads, silicon sheets, close cell sponges, medical products, pacifiers, swimming caps/goggles, profile tubings, metal castings, high voltage insulators, bakeware, fabrics, and personal care products. The company was formerly known as Hae Ryong Silicoone Company Limited and changed its name to HRS Co., Ltd in March 2007. HRS Co., Ltd was founded in 1978 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

HRS Co. Ltd reported revenue of 78.9B KRW in FY2025 versus 84.1B KRW in FY2021, a compound −1.6%/yr. Reported net income was 13.5B KRW in FY2025, compounding −10.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
78.9B KRW
Latest YoY
−1.7%
Avg. revenue 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.
−2.9%
Avg. revenue growth/yr (5Y) 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.
+3.2%
Avg. revenue growth/yr (14Y) 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.
+2.2%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+8.0% (8.0 + 0.0)
Revenue −1.6%/yr
FY21 84.1B KRW
FY22 86.1B KRW
FY23 78.2B KRW
FY24 80.2B KRW
FY25 78.9B KRW
Net income −10.2%/yr
FY21 20.8B KRW
FY22 10.0B KRW
FY23 12.1B KRW
FY24 15.1B KRW
FY25 13.5B KRW

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Cite: Fair Value Calculator (2026). "HRS Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/036640

Peer Group

Materials · 3591 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.)

Quality Score 60 · Top 25%
Fair Value upside +23% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth −3% · Below median
Dividend yield (TTM) 6.3% · Top 25%

Valuation Multiples vs Materials median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE65 · sector 0
FUTURE0 · sector 16
PAST0 · sector 16
HEALTH100 · sector 95
DIVIDEND100 · sector 34

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

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Frequently asked questions

Is HRS Co. Ltd (036640) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 6,042 KRW versus a price of 4,895 KRW, about +23% upside (undervalued).
What is the fair value of 036640?
Our model-based fair value for HRS Co. Ltd is 6,042 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 4,895 KRW.
What is the quality score of 036640?
HRS Co. Ltd has a Quality Score of 60/100. 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 HRS Co. Ltd (036640)?
HRS Co. Ltd reported trailing-twelve-month revenue of about 92.0B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 036640?
The net profit margin of HRS Co. Ltd is about 14.6%, meaning it keeps roughly 14.6% of revenue as net income. Based on the latest reported figures.
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