Hanwa Co., Ltd. (HNWAF) Fair Value & Analysis
Industrials · US · Market cap $2.1B
What is Hanwa Co., Ltd. really worth?
Hanwa Co., Ltd.
HNWAF · US
Below-average quality, trading 41% below our fair value of $18.62.
Strengths
Risks
For context
Fair value as of: Aug 18, 2026
From 11 valuation models · updated 18 days ago
Share price +6.3% over the past month.
What runs behind every stock
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What matters now
- The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case ($11.86). The market is more pessimistic than our downside scenario.
- A fairly wide model range ($11.86 to $23.94) leaves room in how you read the outcome.
Price vs Fair Value (2 years)
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
25‑month range $4.39 – $864,387 · fair‑value band $11.86 – $23.94 · the $10.95 price screens below the $18.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.
Analysis
Hanwa Co., Ltd. (HNWAF) currently trades at $10.95, while our model-based Fair Value estimate is $18.62, implying the stock looks roughly 41.2% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials sector. How firm this estimate is: it rests on 26 models at a data quality of 96/100, which puts the evidence level at high.
Over the trailing twelve months, Hanwa Co., Ltd. generated revenue of ¥2.7T at a net margin of 1.4%. Revenue grew 9.8% year over year. It earns a return on equity of 9.1%. Net debt stands at ¥266B. Fundamentals as of Aug 18, 2026
Our scenario range runs from $11.86 (bear case) to $23.94 (bull case); at $10.95, the current price sits below 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. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 70%, HNWAF 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 11 models by family
Widest divergence: DCF Models ($3,725) versus Earnings-Based ($1,000). Highest evidence: Growth DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 61
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
Hanwa Co., Ltd. sells metals, food, energy and living materials, housing materials, and machinery in Japan, Asia, and internationally.
Full company description
Hanwa Co., Ltd. sells metals, food, energy and living materials, housing materials, and machinery in Japan, Asia, and internationally. The company offers deformed steel, threaded reinforcing, mechanical joints, high-strength shear reinforcement, and epoxy-coated reinforcing bars; scrap iron, semi-finished products, used steel materials, as well as various demolition and removal services; rebar processing; H-beams, columns, angles, channels, steel sheet piles, steel pipe piles, segments, carbon fiber sheets, and general construction and civil engineering products. It is also involved in refrigeration business; provision of salmon, shrimp, octopus, mackerel, horse mackerel, herring, shishamo, crab, and chicken products; and sells steel structures. In addition, the company offers copper and aluminum scrap; Zinc, lead, tin ingots and scrap, stainless steel, and high-performance raw material scrap; nickel, cobalt, lithium, palladium, platinum, rhodium, vanadium, silicon, rare earths, magnesium, and other metals, and chemical raw materials; and nickel pig iron, stainless steel semi-finished products, chrome ore, manganese ore, iron ore, coal, ferrochrome, ferrosilicon, silicomanganese, metallic manganese, ferrovanadium, ferroniobium, ferrotitanium, manganese chemical raw materials, and sulfuric acid. Further, it provides heavy oil, kerosene, LPG, LNG, industrial gas, shipping fuel oil, gasoline, diesel, lubricants, PKS, wood pellets, recycled heavy oil, RPF, waste tires, construction waste chips, PAO, PIB, esters, additives, chemicals, paper products, and wastepaper. Additionally, the company offers housing materials; and roller coasters, water rides, merry-go-rounds, kids' attractions, role-play games, water slides, and various fountains. The company was incorporated in 1947 and is headquartered in Chuo, Japan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Hanwa Co., Ltd. reported revenue of ¥2.7T in FY2026 versus ¥2.2T in FY2022, a compound +5.3%/yr. Reported net income was ¥38.3B in FY2026, compounding −3.2%/yr from FY2022.
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Peer Group
Conglomerates · 375 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 Conglomerates 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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ITOCHU Corporation ITOCHU19 | 7.20 THB | 14.40 THB | +100% |
| 3M Company MMM | $178.83 | $76.87 | −57% |
| Honeywell International Inc HON | $217.43 | $218.95 | +1% |
| CITIC Limited 0267 | HK$13.02 | HK$26.04 | +100% |
| Poste Italiane S.p.A PST | €26.90 | €7.65 | −72% |
| Swire Pacific Limited 0019 | HK$106.30 | HK$36.88 | −65% |
| SK Inc 034730 | 553,000 KRW | 615,077 KRW | +11% |
| PT Astra International Tbk, ASII | 4,800 IDR | 9,600 IDR | +100% |
| Jardine Matheson Holdings J36 | $59.10 | $79.11 | +34% |
| Kingboard Holdings 0148 | HK$45.52 | HK$32.91 | −28% |
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