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Hyundai Construction Equipment Co Ltd (267270) Fair Value & Analysis

Industrials · KR · Market cap 6.2T KRW (≈ $4.4B) · ISIN KR7267270007

What is Hyundai Construction Equipment Co Ltd really worth?

HC Hyundai Construction Equipment Co Ltd 267270 · KO
Price140,000 KRW
Fair Value29,640 KRW
Upside−78.8%
Quality42/100

Below-average quality, and trading another 372% above our fair value of 29,640 KRW.

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Strengths

Low debt · generates free cash flow

Risks

!Expensive Growth (revenue 5y +7.6 %/yr)
!Thin margins · 4.7% net margin
!Trails peers (3/10)
!Narrow moat 37/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 28 out of 100
!Weak on dividend: 8 out of 100

For context

·0.39% dividend yield
Evidence: Medium Range 23,135 KRW – 44,248 KRW

Fair value as of: Aug 19, 2026

From 23 valuation models · updated 16 days ago

Share price +10.7% 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 above even our optimistic bull case (44,248 KRW). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (23,135 KRW to 44,248 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

198,100 KRW 29,129 KRW Fair Value 29,640 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 29,129 KRW – 198,100 KRW · fair‑value band 23,135 KRW – 44,248 KRW · the 140,000 KRW price screens above the 29,640 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Hyundai Construction Equipment Co Ltd (267270) currently trades at 140,000 KRW, while our model-based Fair Value estimate is 29,640 KRW, implying the stock looks roughly 372.4% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of 43,740 KRW per share, and 0 of the 23 models we run sit above the 140,000 KRW price. Bear case: the Growth DCF group reads lowest at 3,874 KRW, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Hyundai Construction Equipment Co Ltd generated revenue of 5.2T KRW at a net margin of 4.7%. Revenue grew 154.2% year over year. It earns a return on equity of 7.1%. Net debt stands at 402B KRW. Fundamentals as of Aug 19, 2026

Our scenario range runs from 23,135 KRW (bear case) to 44,248 KRW (bull case); at 140,000 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 36% below its 52-week high and 106% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at −79%, 267270 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 2,266 KRW 4,004 KRW 6,797 KRW 78
Growth DCF 2,326 KRW 3,874 KRW 6,211 KRW 77
Residual Income 29,890 KRW 30,720 KRW 30,876 KRW 76
All 23 models by family
DCF Models
FCF DCF 2,266 KRW 4,004 KRW 6,797 KRW 78
Owner Earnings 2,201 KRW 3,900 KRW 6,630 KRW 74
5Y Revenue Exit 21,088 KRW 39,366 KRW 63,282 KRW 71
5Y EBITDA Exit 29,150 KRW 54,485 KRW 84,546 KRW 73
5Y P/E Exit 19,831 KRW 37,010 KRW 55,274 KRW 69
10Y Revenue Exit 13,483 KRW 28,925 KRW 50,623 KRW 64
10Y EBITDA Exit 19,787 KRW 39,679 KRW 67,268 KRW 66
10Y P/E Exit 13,705 KRW 27,250 KRW 44,355 KRW 62
Earnings-Based
Graham-Dodd 14,163 KRW 44,519 KRW 59,267 KRW 64
Lynch FV 9,739 KRW 13,913 KRW 18,087 KRW 61
PEG = 1.0 9,739 KRW 13,913 KRW 18,087 KRW 57
EPV 23,987 KRW 28,332 KRW 32,193 KRW 74
Multiples
P/E Multiple 32,805 KRW 43,740 KRW 54,675 KRW 63
P/S Multiple 26,556 KRW 35,408 KRW 44,260 KRW 58
P/B Multiple 26,556 KRW 35,408 KRW 44,260 KRW 55
EV/EBIT 45,033 KRW 60,254 KRW 75,475 KRW 66
EV/EBITDA 47,856 KRW 64,018 KRW 80,180 KRW 67
EV/Revenue 31,960 KRW 45,928 KRW 59,896 KRW 53
Asset-Based
NCAV (Graham) 18,917 KRW 25,349 KRW 37,834 KRW 54
Growth DCF
Growth DCF 2,326 KRW 3,874 KRW 6,211 KRW 77
Economic Profit
Residual Income 29,890 KRW 30,720 KRW 30,876 KRW 76
ROIC Compounder 23,987 KRW 28,332 KRW 32,193 KRW 72
Growth Earnings
Growth-Adj P/E 27,218 KRW 38,882 KRW 50,547 KRW 67

Widest divergence: Multiples (43,740 KRW) versus Growth DCF (3,874 KRW). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/S ratio 1.20 TTM
Dividend yield 0.4%
Net margin 2.6% FY2025
Return on equity 7.1% TTM
Return on assets (EBIT) 5.6% avg 5y
Operating margin 8.3% TTM
More key figures
Growth
Revenue (TTM) 5.2T KRW TTM
Revenue growth (YoY) +154% 3y avg +2.4%
EPS growth (YoY) +125%
Balance sheet & cash flow
Free cash flow 11.5B KRW FY2025
Net debt 402B KRW FY2025 · ≈ 34.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 42

Profitability 40
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 0
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

HD Construction Equipment Co., Ltd. engages in the manufacturing and distribution of construction equipment. The company offers excavators, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, special equipment, articulated dump tracks, wide-body dump tracks, dozers, and motor graders, as well as parts and accessories.

Full company description

HD Construction Equipment Co., Ltd. engages in the manufacturing and distribution of construction equipment. The company offers excavators, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, special equipment, articulated dump tracks, wide-body dump tracks, dozers, and motor graders, as well as parts and accessories. It operates under the HYUNDAI and DEVELON brand names. The company was formerly known as HD Hyundai Construction Equipment Co., Ltd. and changed its name to HD Construction Equipment Co., Ltd. in January 2026. HD Construction Equipment Co., Ltd. was founded in 1985 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

Hyundai Construction Equipment Co Ltd reported revenue of 3.8T KRW in FY2025 versus 3.3T KRW in FY2021, a compound +3.6%/yr. Reported net income was 99.4B KRW in FY2025, compounding −3.3%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.8T KRW
Latest YoY
+9.8%
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.
+2.4%
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.
+7.6%
Avg. revenue growth/yr (8Y) 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.
+9.1%
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.
−7.1% (−7.5 + 0.4)
Revenue +3.6%/yr
FY21 3.3T KRW
FY22 3.5T KRW
FY23 3.8T KRW
FY24 3.4T KRW
FY25 3.8T KRW
Net income −3.3%/yr
FY21 113B KRW
FY22 112B KRW
FY23 139B KRW
FY24 100.0B KRW
FY25 99.4B KRW

267270 screens 372% overvalued. Compare with Caterpillar Inc →

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Cite: Fair Value Calculator (2026). "Hyundai Construction Equipment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/267270

Peer Group

Farm & Heavy Construction Machinery · 150 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 42 · Bottom 25%
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 7% · Below median
Return on assets 3% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 154% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/FCF 0.4× · 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
VALUE0 · sector 12
FUTURE100 · sector 29
PAST28 · sector 31
HEALTH90 · sector 93
DIVIDEND8 · sector 39

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.

None of the checked exposures detected

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $800.25 $307.83 −62%
Deere & Company DE $622.66 $182.29 −71%
AB Volvo (publ), VOLVA kr 351.40 kr 288.08 −18%
PACCAR Inc PCAR $122.45 $94.80 −23%
Daimler Truck Holding DTG €45.73 €47.70 +4%
Epiroc AB EPIA kr 272.80 kr 144.14 −47%
Exor N.V EXO €72.10 €123.44 +71%
Sany Heavy Industry Co 600031 ¥19.06 ¥20.84 +9%
Traton SE 8TRA €37.78 €52.60 +39%
Metso Oyj METSO €16.75 €10.73 −36%

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Frequently asked questions

Is Hyundai Construction Equipment Co Ltd (267270) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 29,640 KRW versus a price of 140,000 KRW, about −79% upside (overvalued).
What is the fair value of 267270?
Our model-based fair value for Hyundai Construction Equipment Co Ltd is 29,640 KRW (as of Aug 19, 2026), built from audited fundamentals. The current price: 140,000 KRW.
What is the quality score of 267270?
Hyundai Construction Equipment Co Ltd has a Quality Score of 42/100. 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 Construction Equipment Co Ltd (267270)?
Hyundai Construction Equipment Co Ltd reported trailing-twelve-month revenue of about 5.2T KRW (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 267270?
The net profit margin of Hyundai Construction Equipment Co Ltd is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Hyundai Construction Equipment Co Ltd pay a dividend?
Hyundai Construction Equipment Co Ltd currently shows a dividend yield of about 0.39% relative to its recent price (as of Aug 19, 2026).
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