Hancom Inc.

KOSDAQ:A030520 Stock Report

Market Cap: ₩616.2b

Hancom Valuation

Is A030520 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A030520 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A030520 (₩25000) is trading below our estimate of fair value (₩54624.77)

Significantly Below Fair Value: A030520 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A030520?

Key metric: As A030520 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A030520. This is calculated by dividing A030520's market cap by their current earnings.
What is A030520's PE Ratio?
PE Ratio31.1x
Earnings₩19.37b
Market Cap₩616.17b

Price to Earnings Ratio vs Peers

How does A030520's PE Ratio compare to its peers?

The above table shows the PE ratio for A030520 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49.7x
A131370 RSUPPORT
24.7xn/a₩157.8b
A051160 GaeaSoft
7.7xn/a₩130.5b
A234300 STraffic Co
7.2x5.5%₩112.1b
A086960 MDS Tech
159.1xn/a₩92.3b
A030520 Hancom
31.1x27.1%₩616.2b

Price-To-Earnings vs Peers: A030520 is good value based on its Price-To-Earnings Ratio (31.1x) compared to the peer average (49.7x).

Price to Earnings Ratio vs Industry

How does A030520's PE Ratio compare vs other companies in the KR Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
A208350 JiransecurityLtd
1.8xn/aUS$16.77m
No more companies available in this PE range
A030520 31.1xIndustry Avg. 15.6xNo. of Companies9PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A030520 is expensive based on its Price-To-Earnings Ratio (31.1x) compared to the KR Software industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is A030520's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A030520 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.1x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: A030520 is expensive based on its Price-To-Earnings Ratio (31.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A030520 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩25,000.00
₩32,000.00
+28.0%
9.2%₩35,000.00₩28,000.00n/a3
Nov ’25₩18,630.00
₩31,000.00
+66.4%
13.9%₩35,000.00₩25,000.00n/a3
Oct ’25₩18,710.00
₩31,000.00
+65.7%
13.9%₩35,000.00₩25,000.00n/a3
Sep ’25₩18,350.00
₩31,000.00
+68.9%
13.9%₩35,000.00₩25,000.00n/a3
Aug ’25₩19,280.00
₩35,333.33
+83.3%
5.8%₩38,000.00₩33,000.00n/a3
Jul ’25₩23,300.00
₩35,333.33
+51.6%
5.8%₩38,000.00₩33,000.00n/a3
Jun ’25₩25,950.00
₩35,333.33
+36.2%
5.8%₩38,000.00₩33,000.00n/a3
May ’25₩24,000.00
₩33,666.67
+40.3%
9.8%₩38,000.00₩30,000.00n/a3
Apr ’25₩21,950.00
₩27,500.00
+25.3%
38.2%₩38,000.00₩17,000.00n/a2
Mar ’25₩23,450.00
₩25,000.00
+6.6%
37.1%₩38,000.00₩17,000.00n/a3
Feb ’25₩24,650.00
₩22,000.00
-10.8%
23.2%₩29,000.00₩17,000.00n/a3
Jan ’25₩14,270.00
₩18,666.67
+30.8%
6.7%₩20,000.00₩17,000.00n/a3
Dec ’24₩15,490.00
₩18,666.67
+20.5%
6.7%₩20,000.00₩17,000.00n/a3
Nov ’24₩11,760.00
₩22,000.00
+87.1%
9.1%₩24,000.00₩20,000.00₩18,630.002
Oct ’24₩13,470.00
₩22,000.00
+63.3%
9.1%₩24,000.00₩20,000.00₩18,710.002
Sep ’24₩14,130.00
₩22,000.00
+55.7%
9.1%₩24,000.00₩20,000.00₩18,350.002
Aug ’24₩13,790.00
₩22,000.00
+59.5%
9.1%₩24,000.00₩20,000.00₩19,280.002
Jul ’24₩13,350.00
₩22,000.00
+64.8%
9.1%₩24,000.00₩20,000.00₩23,300.002
Jun ’24₩14,930.00
₩22,000.00
+47.4%
9.1%₩24,000.00₩20,000.00₩25,950.002
May ’24₩14,160.00
₩22,000.00
+55.4%
9.1%₩24,000.00₩20,000.00₩24,000.002

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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