Hanjin Kal stock: fair value
180640.KSThe fair value of Hanjin Kal under our model is $49.52, the price is 207% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $33.02 and expensive above $99.05 (uncertainty very high, based on the price swings of the past year).
Calculated with a cost of equity of 8.9%. At 9.9% the fair value would be $41.43, at 7.9% it would be $61.21.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.3%. Discounted at 8.9% (government bond yield 3.3% plus beta 1.14 times a risk premium of 4.9%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $49.52 per share: free cash flow for the next ten years, each year discounted to today at 8.9%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.9%) |
|---|---|---|---|---|
| 2026 | $100.16M | extrapolated at 37.8% | 0.9183 | $91.98M |
| 2027 | $127.64M | extrapolated at 27.4% | 0.8432 | $107.63M |
| 2028 | $153.44M | extrapolated at 20.2% | 0.7743 | $118.81M |
| 2029 | $176.68M | extrapolated at 15.2% | 0.7110 | $125.62M |
| 2030 | $197.19M | extrapolated at 11.6% | 0.6529 | $128.75M |
| 2031 | $215.18M | extrapolated at 9.1% | 0.5995 | $129.01M |
| 2032 | $231.08M | extrapolated at 7.4% | 0.5505 | $127.22M |
| 2033 | $245.35M | extrapolated at 6.2% | 0.5056 | $124.04M |
| 2034 | $258.42M | extrapolated at 5.3% | 0.4642 | $119.97M |
| 2035 | $270.64M | extrapolated at 4.7% | 0.4263 | $115.37M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.19B |
| Terminal value: cash flow 2035 × (1 + 3.3%) / (8.9% − 3.3%) | $5.03B |
| Present value of terminal value (× 0.4263) | $2.14B |
| Equity value (sum plus present value of terminal value) | $3.33B |
| Shares (diluted) | 67.29M |
| Value per share (equity value divided by shares) | $49.52 |
| Fair value (from the cash flow model alone) | $49.52 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₩1,334.10)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 13 Jun 2025)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.