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Hanmi Semicon (042700) Fair Value & Analysis

Technology · KR · Market cap 21.6T KRW (≈ $15.1B) · ISIN KR7042700005

What is Hanmi Semicon really worth?

HS Hanmi Semicon 042700 · KO
Price230,000 KRW
Fair Value47,976 KRW
Upside−79.1%
Quality70/100

A solid business, but trading 379% above our fair value of 47,976 KRW.

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Strengths

Healthy Growth (revenue 5y +17.5 %/yr)
Highly profitable · 37.1% net margin
Low debt · generates free cash flow
Ranks above peers (9/12)
Wide moat 86/100

Risks

!Evidence only medium, so the estimate is less certain
!Weak on dividend: 7 out of 100

For context

·0.35% dividend yield
Evidence: Medium Range 25,646 KRW – 78,524 KRW

Fair value as of: Aug 26, 2026

From 26 valuation models · updated 10 days ago

Share price +10.0% over the past month.

What runs behind every stock

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

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (78,524 KRW). The favourable scenario is already priced in.
  • The model range is unusually wide (25,646 KRW to 78,524 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

409,500 KRW 10,117 KRW Fair Value 47,976 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range 10,117 KRW – 409,500 KRW · fair‑value band 25,646 KRW – 78,524 KRW · the 230,000 KRW price screens above the 47,976 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.

Full chart & analysis →

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Analysis

Hanmi Semicon (042700) currently trades at 230,000 KRW, while our model-based Fair Value estimate is 47,976 KRW, implying the stock looks roughly 379.4% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 60,403 KRW per share, and 0 of the 26 models we run sit above the 230,000 KRW price. Bear case: the Asset-Based group reads lowest at 4,876 KRW, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Hanmi Semicon generated revenue of 480B KRW at a net margin of 37.1%. Revenue declined 65.5% year over year. It earns a return on equity of 30.8%. Fundamentals as of Aug 26, 2026

Our scenario range runs from 25,646 KRW (bear case) to 78,524 KRW (bull case); at 230,000 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 46% below its 52-week high and 185% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at −79%, 042700 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (4,876 KRW to 87,184 KRW). Read the values as a conservative anchor, not as a price target.
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 23,941 KRW 43,706 KRW 91,108 KRW 75
Growth DCF 23,482 KRW 46,007 KRW 83,130 KRW 75
EPV 25,508 KRW 29,523 KRW 33,092 KRW 74
All 26 models by family
DCF Models
FCF DCF 23,941 KRW 43,706 KRW 91,108 KRW 75
Owner Earnings 23,460 KRW 45,466 KRW 89,101 KRW 72
5Y Revenue Exit 24,297 KRW 44,191 KRW 72,583 KRW 70
5Y EBITDA Exit 34,176 KRW 65,903 KRW 108,112 KRW 73
5Y P/E Exit 40,902 KRW 80,684 KRW 129,258 KRW 69
10Y Revenue Exit 23,283 KRW 42,992 KRW 76,247 KRW 64
10Y EBITDA Exit 30,990 KRW 59,885 KRW 108,658 KRW 65
10Y P/E Exit 35,676 KRW 71,386 KRW 127,948 KRW 61
Earnings-Based
Graham-Dodd 15,342 KRW 87,184 KRW 121,177 KRW 63
Lynch FV 24,496 KRW 34,994 KRW 45,492 KRW 61
PEG = 1.0 24,496 KRW 34,994 KRW 45,492 KRW 57
EPV 25,508 KRW 29,523 KRW 33,092 KRW 74
Dividend Discount
Gordon GGM 6,926 KRW 15,120 KRW 25,440 KRW 65
DDM Multi-Stage 6,926 KRW 12,386 KRW 15,757 KRW 66
Multiples
P/E Multiple 47,380 KRW 63,174 KRW 78,967 KRW 63
P/S Multiple 25,079 KRW 33,439 KRW 41,798 KRW 58
P/B Multiple 28,767 KRW 38,355 KRW 47,944 KRW 55
EV/EBIT 50,462 KRW 66,364 KRW 82,266 KRW 66
EV/EBITDA 40,180 KRW 52,655 KRW 65,129 KRW 67
EV/Revenue 24,036 KRW 33,155 KRW 42,275 KRW 54
Asset-Based
NCAV (Graham) 3,639 KRW 4,876 KRW 7,278 KRW 54
Growth DCF
Growth DCF 23,482 KRW 46,007 KRW 83,130 KRW 75
Rev-Margin DCF 24,297 KRW 43,314 KRW 69,622 KRW 71
Economic Profit
Residual Income 16,849 KRW 23,351 KRW 196,194 KRW 64
ROIC Compounder 28,534 KRW 37,100 KRW 48,010 KRW 72
Growth Earnings
Growth-Adj P/E 42,282 KRW 60,403 KRW 78,524 KRW 67

Widest divergence: Growth Earnings (60,403 KRW) versus Asset-Based (4,876 KRW). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/S ratio 44.9 TTM
Dividend yield 0.3%
Net margin 37.1% FY2025
Return on equity 30.8% TTM
Return on assets (EBIT) 24.9% avg 5y
Operating margin 16.6% TTM
More key figures
Growth
Revenue (TTM) 480B KRW TTM
Revenue growth (YoY) −65.5% 3y avg +20.7%
EPS growth (YoY) −65.2%
Balance sheet & cash flow
Free cash flow 135B KRW FY2025

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 71 · Market factors (momentum, volatility) 44

Profitability 85
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 7
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 91
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

HANMI Semiconductor Co., Ltd. manufactures and sells semiconductor equipment in South Korea and internationally. The company offers bonder; micro SAW equipment; vision placement equipment; meta grinder; EMI shield vision attach and detach, EMI shield vision placement, EMI shield tape mounter, EMI shield tape laser cutting, EMI shield tape demounter, vision …

Full company description

HANMI Semiconductor Co., Ltd. manufactures and sells semiconductor equipment in South Korea and internationally. The company offers bonder; micro SAW equipment; vision placement equipment; meta grinder; EMI shield vision attach and detach, EMI shield vision placement, EMI shield tape mounter, EMI shield tape laser cutting, EMI shield tape demounter, vision inspection, and converlay attach equipment; laser marking, laser ablation, and laser cutting equipment; and pick and place, strip mounter, and vision inspection equipment. HANMI Semiconductor Co., Ltd. was founded in 1980 and is based in Incheon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hanmi Semicon reported revenue of 577B KRW in FY2025 versus 373B KRW in FY2021, a compound +11.5%/yr. Reported net income was 214B KRW in FY2025, compounding +19.6%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
577B KRW
Latest YoY
+3.2%
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.
+20.7%
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.
+17.5%
Avg. revenue growth/yr (19Y) 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.
+8.4%
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.
+17.5% (17.2 + 0.3)
Revenue +11.5%/yr
FY21 373B KRW
FY22 328B KRW
FY23 159B KRW
FY24 559B KRW
FY25 577B KRW
Net income +19.6%/yr
FY21 104B KRW
FY22 92.3B KRW
FY23 267B KRW
FY24 153B KRW
FY25 214B KRW

042700 screens 379% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Hanmi Semicon Fair Value". https://www.fairvalue-calculator.com/stock/042700

Peer Group

Semiconductor Equipment & Materials · 213 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 70 · Top 25%
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 31% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 17% · Above median
Revenue growth −66% · Bottom 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
PEG 1.16× · Cheaper than median

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
VALUE0 · sector 0
FUTURE0 · sector 59
PAST100 · sector 30
HEALTH99 · sector 96
DIVIDEND7 · sector 17

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,494 €604.27 −60%
Applied Materials, Inc AMAT $482.36 $183.10 −62%
Lam Research Corporation LRCX $301.90 $91.80 −70%
KLA Corporation KLAC $175.54 $74.58 −58%
NAURA Technology Group 002371 ¥707.90 ¥205.30 −71%
Teradyne, Inc TER $354.97 $65.80 −81%
Advanced Micro-Fabrication Equipment Inc 688012 ¥380.95 ¥55.05 −86%
Piotech Inc 688072 ¥685.11 ¥89.27 −87%
Hon. Precision, Inc 7769 6,445 TWD 1,804 TWD −72%
Hangzhou Changchuan Technology Co 300604 ¥284.80 ¥46.26 −84%

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Frequently asked questions

Is Hanmi Semicon (042700) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of 47,976 KRW versus a price of 230,000 KRW, about −79% upside (overvalued).
What is the fair value of 042700?
Our model-based fair value for Hanmi Semicon is 47,976 KRW (as of Aug 26, 2026), built from audited fundamentals. The current price: 230,000 KRW.
What is the quality score of 042700?
Hanmi Semicon has a Quality Score of 70/100. 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 Hanmi Semicon (042700)?
Hanmi Semicon reported trailing-twelve-month revenue of about 480B KRW (latest available figure, as of Aug 26, 2026).
What is the net profit margin of 042700?
The net profit margin of Hanmi Semicon is about 37.1%, meaning it keeps roughly 37.1% of revenue as net income. Based on the latest reported figures.
Does Hanmi Semicon pay a dividend?
Hanmi Semicon currently shows a dividend yield of about 0.35% relative to its recent price (as of Aug 26, 2026).
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