Hanssem Co., Ltd.

009240.KS · Consumer Cyclical · Furnishings, Fixtures & Appliances · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

260.30M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

260.30M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

260.30M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

260.30M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

493.78M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.53×

the ratio the screener ranks by

Margin of Safety

-89.7%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 260.30M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).

The earnings power value was not computed (a normalized NOPAT at or below zero), so the value is the book value today, 260.30M USD.

Market value

Market Cap493.78M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-89.7%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 260.30M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 260.30M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap493.78M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-89.7%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 260.30M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 260.30M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Cash Today

Not in the value

Market value

Market Cap493.78M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-89.7%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.69%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.81×Market Risk Premium 6.00%= 9.39%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 1.74M USDPretax Income 33.96M USD= 5.12%

The tax the interest saves.

Interest Expense =EBIT 45.82M USD−Pretax Income 33.96M USD= 11.87M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 11.87M USDTotal Debt 169.45M USD×(1 − Tax Rate for WACC 5.12%)= 6.64%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 169.45M USDMarket Cap + Total Debt 493.78M USD + 169.45M USD= 25.55%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 74.45%×Cost of Equity 9.39%+Debt Weight 25.55%×Cost of Debt 6.64%= 8.69%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 628.81M USD − Total Liabilities 368.51M USD = Book Value Today 260.30M USD

Total Debt 169.45M USD − Cash and Short-Term Investments 227.25M USD = Net Debt Today -57.79M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.0%at most 5%passes16,600,322 / 16,600,322
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets2.6%at least -10.0%passes(48.29M USD − 32.22M USD) ÷ 628.81M USD
Price to bookMarket Cap ÷ Book Value Today1.90×at most 3×passes493.78M USD ÷ 260.30M USD
Operating marginOperating Income ÷ Revenue1.1%above 10.0%does not pass13.84M USD ÷ 1.21B USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-6.7%above 10.0%does not pass1.21B USD / 1.30B USD
Net cash(Cash − Total Debt) ÷ Market Cap-24.9%above -30%passes(46.35M USD − 169.45M USD) ÷ 493.78M USD
Operating efficiencyOperating Income ÷ Gross Profit4.6%above 25.0%does not pass13.84M USD ÷ 300.89M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

39789.75 KRW

Enterprise value

564.50B KRW

the provider's own figure

EV / EBITDA

5.74×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

3.0%

the provider's figure, not this page's

Profit margin

0.7%

Revenue growth

-9.2%

Analyst target, mean

46880.16 KRW

Analysts

12

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

1.59B1.54B1.30B1.21B

Gross profit

348.86M338.69M302.77M300.89M

Operating income

-71.52M-32.45M60.10M13.84M

EBITDA

operating income before depreciation and amortisation

262.72K31.41M191.98M94.86M

Pretax income

-66.29M-38.70M129.73M33.96M

Net income

-56.66M-48.69M103.10M32.22M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

-59.60M-46.66M73.47M13.79M

R&D

11.45M10.36M8.58M7.93M
Balance sheet, year end

Total assets

873.45M823.71M728.04M691.25M

Total liabilities

519.66M555.20M488.83M412.95M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

353.79M268.51M239.21M278.29M

Total debt

205.53M211.47M233.26M202.58M

Cash and equivalents

29.77M64.19M40.70M68.39M

Net PP&E

fixed assets after depreciation

334.42M325.43M230.76M212.67M

Working capital

current assets less current liabilities

-72.84M-121.45M27.43M64.69M
Cash flow

Operating cash flow

-16.90M62.97M33.35M48.29M

Capital expenditure

paid out, so below zero

-20.01M-22.13M-7.22M-10.47M

Depreciation and amortisation

58.65M59.69M50.94M49.03M

Free cash flow

operating cash flow plus capital expenditure

-36.91M40.84M26.13M37.82M