Mando Corp (204320) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 2.0T KRW (≈ $1.4B) · ISIN KR7204320006
What is Mando Corp really worth?
A solid business, but trading 20% above our fair value of 40,427 KRW.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from 42,101 KRW to 40,427 KRW (−4.0%) since Jul 22, 2026. Share price +3.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (26,067 KRW to 57,563 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 30,104 KRW – 76,900 KRW · fair‑value band 26,067 KRW – 57,563 KRW · the 48,500 KRW price screens above the 40,427 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Mando Corp (204320) currently trades at 48,500 KRW, while our model-based Fair Value estimate is 40,427 KRW, implying the stock looks roughly 20.0% overvalued 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 42,951 KRW per share, and 5 of the 22 models we run sit above the 48,500 KRW price. Bear case: the Economic Profit group reads lowest at 9,023 KRW, and 17 of the 22 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Mando Corp generated revenue of 9.5T KRW at a net margin of 1.3%. Revenue grew 1.8% year over year. It earns a return on equity of 5.1%. Net debt stands at 1.4T KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 26,067 KRW (bear case) to 57,563 KRW (bull case); at 48,500 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 35% below its 52-week high and 53% 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 −17%, 204320 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 24 models by family
Widest divergence: Multiples (42,951 KRW) versus Economic Profit (9,023 KRW). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 43
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
HL Mando Corporation, an electric vehicle and autonomous driving solutions company, provides automotive parts and services in Korea, China, the United States, India, and internationally.
Full company description
HL Mando Corporation, an electric vehicle and autonomous driving solutions company, provides automotive parts and services in Korea, China, the United States, India, and internationally. The company offers braking systems, such as electronic brakes, electronic parking brakes, and foundation brakes; steering systems, including electric power and mechanical steering systems; and electronic suspension products. It also provides EV solutions comprising by-wire, EV suspension, power electronics, and micro mobility products; autonomous driving solutions, including sensor, DCU, and redundant architecture; software solutions comprising MiCOSA, PHM, and Smart Factory; and environment innovation products comprising EMB, dust collecting system, and EPS, as well as sells automotive parts. The company was formerly known as Mando Corporation. The company was founded in 1962 and is headquartered in Pyeongtaek-Si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2018 – FY2022 · reported fiscal years
Mando Corp reported revenue of 7.5T KRW in FY2022 versus 5.7T KRW in FY2018, a compound +7.3%/yr. Reported net income was 98.3B KRW in FY2022, compounding −1.8%/yr from FY2018.
204320 screens 20% overvalued. Compare with O'Reilly Automotive, Inc →
Peer Group
Auto Parts · 640 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.
Valuation Multiples vs Auto Parts 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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| O'Reilly Automotive, Inc ORLY | $88.50 | $47.50 | −46% |
| AutoZone, Inc AZO | $2,932 | $2,287 | −22% |
| Hyundai Mobis Co 012330 | 450,500 KRW | 643,909 KRW | +43% |
| Fuyao Glass Industry Group 600660 | ¥57.67 | ¥84.47 | +46% |
| Samvardhana Motherson International Limited MOTHERSON | ₹165.30 | ₹80.63 | −51% |
| Magna International Inc MGA | $65.57 | $68.17 | +4% |
| Genuine Parts Company GPC | $137.51 | $58.07 | −58% |
| Bosch Limited BOSCHLTD | ₹48,700 | ₹11,534 | −76% |
| Ningbo Tuopu Group 601689 | ¥45.82 | ¥28.28 | −38% |
| Bharat Forge Limited BHARATFORG | ₹2,063 | ₹393.20 | −81% |
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