Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Greatly undervalued vs peers
About
Harim Holdings Co., Ltd., alongside its diverse subsidiaries, operates in a broad spectrum of activities, primarily focused on food production and a variety of daily consumer services. A significant part of its operations involves the manufacturing of animal feed, including specialized diets for poultry, pigs, cattle, fish, and companion animals, such as horses. The company also offers comprehensive feeding management programs. Its activities encompass the entire livestock supply chain, from breeding and raising animals to processing, packaging, and distributing meat products, as well as producing processed meat items. Beyond food, the group delivers logistics solutions for dry bulk, containerized goods, and other specialized cargo. Furthermore, its business portfolio extends to consumer retail, through TV home shopping channels and online e-commerce platforms. It also engages in financial services, providing insurance and wealth management advice. Established in 1950, the company maintains its headquarters in Iksan-si, South Korea.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT