Hansae Yes24 Holdings Co., Ltd

016450.KS · Consumer Cyclical · Textile Manufacturing · 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

932.27M USD

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

Profit

608.46M USD

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

FCFF

608.46M USD

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

Average Intrinsic Value

716.40M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

127.88M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

5.60×

the ratio the screener ranks by

Margin of Safety

+82.2%

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: 932.27M 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).
①EPV (earnings power value)1.78B USD
−②Net Debt Today847.66M USD
+③Growth Value0 USD
=Value932.27M USD

EPV of the Operations (NOPAT over WACC)

1.78B USD

Net debt today

-847.66M USD

Growth Value

0 USD

Value

932.27M USD

①EPV (earnings power value)

1.78B USD

②Net Debt Today

847.66M USD

③Growth Value

0 USD

Market value

Market Cap127.88M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+86.3%

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): 608.46M 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, 608.46M 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 Cap127.88M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+79.0%

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): 608.46M 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, 608.46M 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 Debt Today

Not in the value

Market value

Market Cap127.88M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+79.0%

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: 3.84%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.65×Market Risk Premium 6.00%= 8.42%

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 25.00% (default): the statements print a tax provision of 15.74M USD on a pretax income of -400.99K USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for the tax the interest saves.

Interest Expense =EBIT 46.11M USD−Pretax Income -400.99K USD= 46.51M USD

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

Cost of Debt =Interest Expense 46.51M USDTotal Debt 1.06B USD×(1 − Tax Rate for WACC 25.00%)= 3.29%

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

Debt Weight =Total Debt 1.06B USDMarket Cap + Total Debt 127.88M USD + 1.06B USD= 89.23%

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

WACC =Equity Weight 10.77%×Cost of Equity 8.42%+Debt Weight 89.23%×Cost of Debt 3.29%= 3.84%

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 2.07B USD − Total Liabilities 1.46B USD = Book Value Today 608.46M USD

Total Debt 1.06B USD − Cash and Short-Term Investments 212.11M USD = Net Debt Today 847.66M 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%passes39,280,127 / 39,280,127
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets2.2%at least -10.0%passes(22.92M USD − -23.02M USD) ÷ 2.07B USD
Price to bookMarket Cap ÷ Book Value Today0.21×at most 3×passes127.88M USD ÷ 608.46M USD
Operating marginOperating Income ÷ Revenue1.9%above 10.0%does not pass45.89M USD ÷ 2.37B USD
Revenue growthRevenue ÷ Revenue a Year Before − 122.9%above 10.0%passes2.37B USD / 1.93B USD
Net cash(Cash − Total Debt) ÷ Market Cap-673.0%above -30%does not pass(199.12M USD − 1.06B USD) ÷ 127.88M USD
Operating efficiencyOperating Income ÷ Gross Profit10.2%above 25.0%does not pass45.89M USD ÷ 450.56M USD

Market Data

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

Share price

4309.30 KRW

Enterprise value

1.96T KRW

the provider's own figure

EV / EBITDA

9.24×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

0.4%

the provider's figure, not this page's

Profit margin

-0.1%

Revenue growth

13.3%

Analyst target, mean

—

Analysts

—

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

2.64B2.18B1.93B2.37B

Gross profit

569.07M549.12M445.44M450.56M

Operating income

153.19M148.64M103.93M45.89M

EBITDA

operating income before depreciation and amortisation

148.84M183.85M116.80M115.54M

Pretax income

79.65M103.85M42.59M-400.99K

Net income

16.93M44.21M3.11M-23.02M

Normalized income

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

44.43M66.19M24.05M-732.87K

R&D

877.75K4.80K209.52K10.95M
Balance sheet, year end

Total assets

1.62B1.69B1.93B2.11B

Total liabilities

957.46M931.16M1.25B1.46B

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

328.52M394.95M345.87M318.57M

Total debt

604.77M582.75M776.12M1.00B

Cash and equivalents

164.75M82.29M61.09M259.04M

Net PP&E

fixed assets after depreciation

331.46M422.57M643.95M758.27M

Working capital

current assets less current liabilities

44.09M-13.14M-132.64M61.37M
Cash flow

Operating cash flow

175.65M175.58M52.72M22.92M

Capital expenditure

paid out, so below zero

-39.87M-63.47M-95.16M-160.72M

Depreciation and amortisation

50.35M47.27M42.13M69.44M

Free cash flow

operating cash flow plus capital expenditure

135.78M112.10M-42.44M-137.80M