HS HyosungHS효성
487570 · KOSPI · ₩487570 · HS효성
Valuation model · Sum of the parts (net asset value)
This is a holding company, so we value what it owns: its stakes in listed companies at market value, less a holding company discount.
Fair value per share
₩28,664
vs the current price (₩46,150)
- Assets before discount
- ₩178B
- Equity value
- ₩107B
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal. This is not financial advice.
Bear / Base / Bull
- Bear
- ₩19,109
- −58.6%
- Base
- ₩28,664
- −37.9%
- Bull
- ₩40,129
- −13.0%
Bear: listed stakes 20% lower and a discount 10 points wider. Bull: the opposite.
Assumptions
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Business
- 0%
Moves the market value of the listed companies it owns up or down.
Default: 0, today's market values.
- ₩0B
Anything else it owns, minus its own debt, in ₩ billions.
Default: 0. Unlisted holdings and the company's own cash and debt aren't included unless you add them.
Discount rate
- 40%
How far below the value of its holdings the company is valued.
Default: a typical discount for Korean holding companies.
Starting point
- Shares
- 3,725,927
- Share price
- ₩46,150
- Market cap
- ₩172B
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| HS Hyosung Advanced Materials | 28.0% | ₩178B |
Sensitivity
Fair value per share as two inputs change; the middle is the current case.
| Listed stakes ↓ · Discount → | 20.0% | 30.0% | 40.0% | 50.0% | 60.0% |
|---|---|---|---|---|---|
| −20.0% | ₩30,574 | ₩26,753 | ₩22,931 | ₩19,109 | ₩15,287 |
| −10.0% | ₩34,396 | ₩30,097 | ₩25,797 | ₩21,498 | ₩17,198 |
| 0.0% | ₩38,218 | ₩33,441 | ₩28,664 | ₩23,886 | ₩19,109 |
| +10.0% | ₩42,040 | ₩36,785 | ₩31,530 | ₩26,275 | ₩21,020 |
| +20.0% | ₩45,862 | ₩40,129 | ₩34,396 | ₩28,664 | ₩22,931 |
Now (TTM)
- Market cap
- ₩172B
- Enterprise value
- ₩272B
- P/E
- 3.5×
- P/B
- 0.3×
- P/S
- 0.1×
- EV/EBITDA
- —
- Dividend yield
- 2.2%
Over time (at each year end)
| 2025 | 2024 | |
|---|---|---|
| Price | ₩57,900 | ₩29,850 |
| Market cap | ₩216B | ₩111B |
| P/E | 11.0× | 50.3× |
| P/B | 0.4× | 0.2× |
| P/S | 0.2× | 0.1× |
| EV/EBITDA | — | — |
| Dividend yield | 1.7% | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| HS Hyosung | 3.5× | 0.3× | 0.1× | — | 2.2% |
| SK Square | 3.7× | 2.2× | 98.7× | 3.6× | 0.0% |
| KB Financial Group | 8.7× | 0.9× | — | 9.5× | 2.8% |
| Shinhan Financial Group | 7.7× | 0.7× | — | 10.1× | 2.9% |
| SK | 4.9× | 1.1× | 0.3× | — | 1.5% |
| Hana Financial Group | 7.6× | 0.7× | — | 9.9× | 3.6% |
| Woori Financial Group | 6.9× | 0.6× | — | 8.3× | 4.5% |
| Similar companies (median) | 7.3× | 0.8× | 49.5× | 9.5× | 2.9% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: HS Hyosung / HS효성 / 487570 / KRX:487570
Source: KRX statistical information