HL Mando Corporation (204320) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 2.0T KRW
Fair value as of: Aug 13, 2026
From 24 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from 42,101 KRW to 40,427 KRW (−4.0%) since Jul 22, 2026. Share price +24.3% over the past month.
A solid business, but screening 29% overvalued on our models.
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 57,100 KRW price screens above the 40,427 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
HL Mando Corporation (204320) currently trades at 57,100 KRW, while our model-based Fair Value estimate is 40,427 KRW, implying the stock looks roughly 29.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, HL Mando Corporation 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 57,100 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 24% below its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -29%, 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 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.
All 24 models by family
Widest divergence: Multiples (42,951 KRW) versus Economic Profit (9,023 KRW). Highest evidence: Growth DCF (80).
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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) 55
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.
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
HL Mando Corporation 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 29% overvalued. Compare with Hyundai Mobis Co →
Peer Group
Auto Parts · 642 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
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
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 |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 511,000 KRW | 643,909 KRW | +26% |
| Magna International Inc MGAN | 1,122 MXN | 1,142 MXN | +2% |
| Samvardhana Motherson International Limited MOTHERSON | ₹169.50 | ₹80.63 | -52% |
| Bosch Limited BOSCHLTD | ₹46,750 | ₹13,061 | -72% |
| Bharat Forge Limited BHARATFORG | ₹2,082 | ₹393.20 | -81% |
| Uno Minda Limited UNOMINDA | ₹1,232 | ₹426.57 | -65% |
| Schaeffler India Limited SCHAEFFLER | ₹4,126 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 71,500 KRW | 196,479 KRW | +175% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹799.90 | ₹207.06 | -74% |
| Balkrishna Industries Limited BALKRISIND | ₹2,497 | ₹1,211 | -51% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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