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Hyundai Rotem Co (064350) Fair Value & Analysis

Industrials · KR · Market cap 18.3T KRW (≈ $12.8B) · ISIN KR7064350002

What is Hyundai Rotem Co really worth?

HR Hyundai Rotem Co 064350 · KO
Price126,800 KRW
Fair Value125,182 KRW
Upside−1.3%
Quality63/100

A solid business, currently priced close to our fair value of 125,182 KRW.

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Strengths

Healthy Growth (revenue 5y +16.0 %/yr)
Solidly profitable · 13.3% net margin
Low debt · generates free cash flow
Ranks above peers (9/10)
Wide moat 67/100

Risks

!Evidence only medium, so the estimate is less certain
!Weak on dividend: 9 out of 100

For context

·0.47% dividend yield
Evidence: Medium Range 87,005 KRW – 172,073 KRW

Fair value as of: Aug 18, 2026

From 26 valuation models · updated 17 days ago

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

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (87,005 KRW to 172,073 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

269,000 KRW 17,639 KRW Fair Value 125,182 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range 17,639 KRW – 269,000 KRW · fair‑value band 87,005 KRW – 172,073 KRW · the 126,800 KRW price screens above the 125,182 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 18, 2026.

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Analysis

Hyundai Rotem Co (064350) currently trades at 126,800 KRW, while our model-based Fair Value estimate is 125,182 KRW, implying the stock looks roughly 1.3% fairly valued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 162,268 KRW per share, and 16 of the 26 models we run sit above the 126,800 KRW price. Bear case: the Asset-Based group reads lowest at 18,901 KRW, and 10 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Hyundai Rotem Co generated revenue of 6.1T KRW at a net margin of 13.3%. Revenue grew 23.9% year over year. It earns a return on equity of 30.6%. Net debt stands at 185B KRW. Fundamentals as of Aug 18, 2026

Our scenario range runs from 87,005 KRW (bear case) to 172,073 KRW (bull case); at 126,800 KRW, the current price sits within 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 55% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −47% fair-value upside, at −1%, 064350 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.

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 100,668 KRW 179,435 KRW 322,213 KRW 77
Growth DCF 100,377 KRW 174,221 KRW 307,025 KRW 76
5Y EBITDA Exit 97,234 KRW 166,670 KRW 253,414 KRW 74
All 26 models by family
DCF Models
FCF DCF 100,668 KRW 179,435 KRW 322,213 KRW 77
Owner Earnings 91,378 KRW 162,268 KRW 290,769 KRW 73
5Y Revenue Exit 82,574 KRW 136,553 KRW 209,301 KRW 71
5Y EBITDA Exit 97,234 KRW 166,670 KRW 253,414 KRW 74
5Y P/E Exit 107,428 KRW 187,613 KRW 279,180 KRW 70
10Y Revenue Exit 85,388 KRW 139,396 KRW 221,139 KRW 65
10Y EBITDA Exit 97,720 KRW 161,929 KRW 258,796 KRW 67
10Y P/E Exit 104,624 KRW 177,599 KRW 280,792 KRW 62
Earnings-Based
Graham-Dodd 47,971 KRW 219,625 KRW 301,413 KRW 64
Lynch FV 57,628 KRW 82,326 KRW 107,024 KRW 61
PEG = 1.0 57,628 KRW 82,326 KRW 107,024 KRW 57
EPV 90,693 KRW 105,327 KRW 118,335 KRW 74
Dividend Discount
Gordon GGM 1,924 KRW 4,200 KRW 7,067 KRW 65
DDM Multi-Stage 1,924 KRW 3,440 KRW 4,377 KRW 66
Multiples
P/E Multiple 111,109 KRW 148,145 KRW 185,181 KRW 63
P/S Multiple 80,249 KRW 106,999 KRW 133,748 KRW 58
P/B Multiple 89,945 KRW 119,927 KRW 149,909 KRW 55
EV/EBIT 125,245 KRW 164,405 KRW 203,565 KRW 66
EV/EBITDA 102,926 KRW 134,646 KRW 166,365 KRW 67
EV/Revenue 75,175 KRW 104,065 KRW 132,955 KRW 54
Asset-Based
NCAV (Graham) 14,106 KRW 18,901 KRW 28,211 KRW 54
Growth DCF
Growth DCF 100,377 KRW 174,221 KRW 307,025 KRW 76
Rev-Margin DCF 82,574 KRW 135,471 KRW 203,568 KRW 72
Economic Profit
Residual Income 53,198 KRW 79,268 KRW 698,187 KRW 64
ROIC Compounder 99,681 KRW 127,615 KRW 161,551 KRW 72
Growth Earnings
Growth-Adj P/E 92,655 KRW 132,364 KRW 172,073 KRW 67

Widest divergence: DCF Models (162,268 KRW) versus Dividend Discount (3,440 KRW). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/S ratio 3.41 TTM
Dividend yield 0.5%
Net margin 13.2% FY2025
Return on equity 30.6% TTM
Return on assets (EBIT) 5.7% avg 5y
Operating margin 15.4% TTM
More key figures
Growth
Revenue (TTM) 6.1T KRW TTM
Revenue growth (YoY) +23.9% 3y avg +22.7%
EPS growth (YoY) +27.2%
Balance sheet & cash flow
Free cash flow 748B KRW FY2025
Net debt 185B KRW FY2023 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 3

Profitability 54
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 8
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 1
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

Hyundai Rotem Company manufactures and sells railway vehicles, defense systems, and plants and machinery in South Korea and internationally.

Full company description

Hyundai Rotem Company manufactures and sells railway vehicles, defense systems, and plants and machinery in South Korea and internationally. The company provides railway solutions, such as high-speed trains, regional and intercity, commuter trains and metros, tram and LRVs, locomotives, and passengers cars; power mechanical, inspection, and system engineering; operation and maintenance; signaling; and hydrogen mobility services. It also offers defense solutions, including tanks, wheeled armored vehicles, and future weapon systems. In addition, the company provides logistic automation system, automotive conveyor system, port AGV, and boarding bridge and cargo handling system; hydrogen infrastructure solutions; press equipment, such as servo, mechanical, and stamping press; and steel plant, that includes blast furnace, and cranes, as well as iron making, steel making, rolling mill, and environment and supplement facilities. Hyundai Rotem Company was founded in 1977 and is headquartered in Uiwang-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hyundai Rotem Co reported revenue of 5.8T KRW in FY2025 versus 2.9T KRW in FY2021, a compound +19.4%/yr. Reported net income was 770B KRW in FY2025, compounding +84.5%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
5.8T KRW
Latest YoY
+33.4%
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.
+22.7%
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.
+16.0%
Avg. revenue growth/yr (12Y) 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.
+4.9%
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.
+74.1% (73.6 + 0.5)
Revenue +19.4%/yr
FY21 2.9T KRW
FY22 3.2T KRW
FY23 3.6T KRW
FY24 4.4T KRW
FY25 5.8T KRW
Net income +84.5%/yr
FY21 66.5B KRW
FY22 198B KRW
FY23 161B KRW
FY24 407B KRW
FY25 770B KRW

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Cite: Fair Value Calculator (2026). "Hyundai Rotem Co Fair Value". https://www.fairvalue-calculator.com/stock/064350

Peer Group

Railroads · 111 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 63 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 31% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 13% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth 24% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Railroads 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
VALUE32 · sector 20
FUTURE100 · sector 20
PAST100 · sector 29
HEALTH99 · sector 91
DIVIDEND9 · sector 45

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 Railroads stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $307.41 $141.29 −54%
CSX Corporation CSX $48.99 $12.62 −74%
Canadian Pacific Kansas City Limited CP $94.12 $34.33 −64%
Canadian National Railway Company CNR C$175.06 C$92.68 −47%
Norfolk Southern Corporation NSC $332.96 $114.36 −66%
Westinghouse Air Brake Technologies Corporation WAB $297.57 $144.80 −51%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.87 ¥5.65 +16%
MTR Corporation 0066 HK$32.04 HK$17.85 −44%
CRRC Corporation 601766 ¥5.98 ¥9.53 +59%
Daqin Railway Co 601006 ¥4.72 ¥6.22 +32%

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Frequently asked questions

Is Hyundai Rotem Co (064350) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of 125,182 KRW versus a price of 126,800 KRW, about −1% upside (fairly valued).
What is the fair value of 064350?
Our model-based fair value for Hyundai Rotem Co is 125,182 KRW (as of Aug 18, 2026), built from audited fundamentals. The current price: 126,800 KRW.
What is the quality score of 064350?
Hyundai Rotem Co has a Quality Score of 63/100. 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 Hyundai Rotem Co (064350)?
Hyundai Rotem Co reported trailing-twelve-month revenue of about 6.1T KRW (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 064350?
The net profit margin of Hyundai Rotem Co is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.
Does Hyundai Rotem Co pay a dividend?
Hyundai Rotem Co currently shows a dividend yield of about 0.47% relative to its recent price (as of Aug 18, 2026).
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