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You're reading an earlier report from Oct 21, 2026. See the latest report

HD Hyundai Energy Solutions · 322000 · Semiconductors

HD Hyundai Energy Solutions: Model Fair Value Estimate Rises to ₩31,727 After Discount Rate Change

Why this report

Written after:

  • Model fair value changeModel estimate of fair value moved +92% (₩16,559 → ₩31,727 per share)Oct 22, 2026

Our model estimate of fair value for HD Hyundai Energy Solutions rose 92% to a base of ₩31,727 per share from ₩16,559. The estimate is still far below the share price of ₩111,700, so the gap with the market narrows but does not close.

Written Oct 21, 2026 · Data as of Oct 20, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

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What happened

On 2026-10-22 the model estimate was updated. The base case moved from ₩16,559 to ₩31,727 per share, a rise of 92%. The bear case moved from ₩0 to ₩19,233, and the bull case from ₩67,673 to ₩54,642.

The model is still a 5-year discounted cash flow on the same trailing data to H1 2026. The discount rate moved from 4.7% to 7.5%. No new filings drove this change, and no filing excerpts or other recent events were provided. The data does not say why the model inputs changed beyond the rate shown.

The share price has fallen since the previous report, from ₩143,100 to ₩111,700 on 2026-10-20. It is down 12.0% over one month and 14.1% over three months, and still up 130.8% over one year.

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Model estimate of fair value

Bear
₩19,233
-74%
Base
₩31,727
-57%
Bull
₩54,642
-26%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 7.5%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 28, 2026Update noteEarningsHD Hyundai Energy Solutions: Q3 Operating Profit Up 39.3% on Year but Down 43.4% on Quarter
  2. Oct 21, 2026Update noteModel fair value changeHD Hyundai Energy Solutions: Model Fair Value Estimate Rises to ₩31,727 After Discount Rate Change
  3. Oct 13, 2026InitiationStart of coverage (300 largest)HD Hyundai Energy Solutions: Profit Recovery and a Sharp Share Price Rise Meet a Model Estimate Far Below the Market Price

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information