HANKOOK TIRE & TECHNOLOGY CO., LTD. Financials Hankook Tire & Technology Co., Ltd.
Equities
A161390
KR7161390000
Tires & Rubber Products
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 44,050 KRW | +0.69% |
|
-25.47% | -2.97% |
| May. 07 | Nomura Adjusts Hankook Tire & Technology’s Price Target to KRW55,000 From KRW63,000, Keeps at Neutral | MT |
| May. 06 | Hankook Tire to Purchase Controlling Stake in Hanon Systems | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,155,257 | 4,806,357 | 4,842,953 | 3,799,950 | 5,538,289 | 5,373,605 | - | - |
| Enterprise Value (EV) 2 | 4,992 | 5,225 | 5,121 | 4,002 | 5,538 | 3,566 | 3,091 | 2,291 |
| P/E ratio | 9.91 x | 13 x | 8.1 x | 5.51 x | - | 4.71 x | 5.02 x | 4.83 x |
| Yield | 1.64% | 1.51% | 1.74% | 2.25% | - | 2.96% | 3.11% | 3.32% |
| Capitalization / Revenue | 0.6 x | 0.74 x | 0.68 x | 0.45 x | 0.62 x | 0.59 x | 0.57 x | 0.56 x |
| EV / Revenue | 0.72 x | 0.81 x | 0.72 x | 0.48 x | 0.62 x | 0.39 x | 0.33 x | 0.24 x |
| EV / EBITDA | 4.21 x | 4.16 x | 4.15 x | 3.22 x | - | 1.72 x | 1.58 x | 1.11 x |
| EV / FCF | 10.2 x | 5.34 x | 9.96 x | 19.1 x | - | 4.95 x | 4.2 x | 2.6 x |
| FCF Yield | 9.78% | 18.7% | 10% | 5.24% | - | 20.2% | 23.8% | 38.5% |
| Price to Book | 0.58 x | 0.66 x | 0.59 x | 0.43 x | - | 0.52 x | 0.48 x | 0.44 x |
| Nbr of stocks (in thousands) | 123,853 | 121,989 | 121,989 | 121,989 | 121,989 | 121,989 | - | - |
| Reference price 3 | 33,550 | 39,400 | 39,700 | 31,150 | 45,400 | 44,050 | 44,050 | 44,050 |
| Announcement Date | 2/13/20 | 2/6/21 | 2/4/22 | 2/2/23 | 2/2/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,896 | 6,454 | 7,142 | 8,394 | 8,940 | 9,110 | 9,431 | 9,625 |
| EBITDA 1 | 1,186 | 1,256 | 1,234 | 1,242 | - | 2,067 | 1,956 | 2,056 |
| EBIT 1 | 542.9 | 628.5 | 641.8 | 705.8 | 1,328 | 1,520 | 1,415 | 1,407 |
| Operating Margin | 7.87% | 9.74% | 8.99% | 8.41% | 14.85% | 16.68% | 15% | 14.61% |
| Earnings before Tax (EBT) 1 | 596.6 | 578.3 | 719.3 | 843 | 1,171 | 1,568 | 1,458 | 1,556 |
| Net income 1 | 412.3 | 372.3 | 593.6 | 668.3 | 706.4 | 1,167 | 1,082 | 1,105 |
| Net margin | 5.98% | 5.77% | 8.31% | 7.96% | 7.9% | 12.81% | 11.47% | 11.48% |
| EPS 2 | 3,387 | 3,032 | 4,901 | 5,658 | - | 9,349 | 8,769 | 9,125 |
| Free Cash Flow 3 | 488,136 | 978,674 | 513,996 | 209,760 | - | 720,106 | 735,625 | 881,629 |
| FCF margin | 7,078.06% | 15,163.84% | 7,196.55% | 2,498.87% | - | 7,904.16% | 7,800.37% | 9,159.6% |
| FCF Conversion (EBITDA) | 41,175.58% | 77,932.67% | 41,640.22% | 16,893.09% | - | 34,833.68% | 37,607.24% | 42,886.7% |
| FCF Conversion (Net income) | 118,389.3% | 262,846.22% | 86,584.24% | 31,385.26% | - | 61,698.99% | 67,999.31% | 79,780.82% |
| Dividend per Share 2 | 550.0 | 595.0 | 690.6 | 700.0 | - | 1,305 | 1,370 | 1,462 |
| Announcement Date | 2/13/20 | 2/6/21 | 2/4/22 | 2/2/23 | 2/2/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,829 | 1,890 | 1,791 | 2,040 | 2,300 | 2,264 | 2,104 | 2,263 | 2,340 | 2,232 | 2,127 | 2,340 | 2,400 | 2,299 | 2,116 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 180.8 | 87.97 | 126.1 | 175.3 | 192.4 | 212 | 190.9 | 248.2 | 396.4 | 492.4 | 398.7 | 409.9 | 392.8 | 355.5 | 337 |
| Operating Margin | 9.88% | 4.66% | 7.04% | 8.59% | 8.37% | 9.37% | 9.07% | 10.97% | 16.94% | 22.06% | 18.74% | 17.52% | 16.37% | 15.46% | 15.93% |
| Earnings before Tax (EBT) 1 | 227.2 | 85.13 | 116.3 | 373.2 | 302.3 | 51.21 | 124.8 | 242.5 | 399.9 | 404.1 | 468.5 | 420.9 | 381.8 | 344.5 | 369 |
| Net income 1 | 183.3 | 77.27 | 103.2 | 317.9 | 228.1 | 22.63 | 92.04 | 138.9 | 298.3 | 177.1 | 356.1 | 302.7 | 283.9 | 234.2 | 265 |
| Net margin | 10.02% | 4.09% | 5.76% | 15.58% | 9.92% | 1% | 4.37% | 6.14% | 12.75% | 7.93% | 16.74% | 12.94% | 11.83% | 10.18% | 12.52% |
| EPS 2 | 1,492 | 668.0 | 818.0 | 2,588 | 1,870 | 365.0 | 755.0 | 1,139 | 2,446 | - | 1,865 | 2,491 | 2,636 | 2,220 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/1/21 | 2/4/22 | 5/11/22 | 8/2/22 | 11/2/22 | 2/2/23 | 5/12/23 | 7/28/23 | 11/1/23 | 2/2/24 | 4/30/24 | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 837 | 418 | 278 | 202 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 1,808 | 2,283 | 3,082 |
| Leverage (Debt/EBITDA) | 0.7057 x | 0.3331 x | 0.2255 x | 0.1629 x | - | - | - | - |
| Free Cash Flow 2 | 488,136 | 978,674 | 513,996 | 209,760 | - | 720,106 | 735,625 | 881,629 |
| ROE (net income / shareholders' equity) | 6.03% | 5.12% | 7.69% | 7.96% | - | 11.6% | 9.67% | 9.26% |
| ROA (Net income/ Total Assets) | 4.12% | 3.58% | 5.35% | 5.69% | - | 9.35% | 7.67% | 7.2% |
| Assets 1 | 9,999 | 10,412 | 11,103 | 11,752 | - | 12,478 | 14,113 | 15,343 |
| Book Value Per Share 3 | 57,785 | 60,072 | 66,955 | 72,196 | - | 85,003 | 92,407 | 100,221 |
| Cash Flow per Share 3 | 6,139 | 10,511 | 6,898 | 4,136 | - | 14,606 | 14,198 | 15,523 |
| Capex 1 | 272 | 312 | 328 | 295 | - | 737 | 687 | 746 |
| Capex / Sales | 3.95% | 4.84% | 4.59% | 3.51% | - | 8.09% | 7.28% | 7.75% |
| Announcement Date | 2/13/20 | 2/6/21 | 2/4/22 | 2/2/23 | 2/2/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
44,050
KRW
Average target price
67,571
KRW
Spread / Average Target
+53.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.97% | 3.94B | |
| -2.59% | 6.44B | |
| -5.06% | 5.72B | |
| +11.36% | 5B | |
| +14.87% | 4.47B | |
| +27.43% | 3.73B | |
| +5.40% | 3.65B | |
| +44.36% | 3.14B | |
| +19.50% | 1.91B | |
| +52.88% | 1.73B |
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