Financials Hanwha Corporation

Equities

A000880

KR7000880005

Life & Health Insurance

End-of-day quote Korea S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
27,050 KRW +1.88% Intraday chart for Hanwha Corporation +5.87% +5.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,740,389 1,970,563 2,175,347 1,769,898 1,916,341 2,011,356 - -
Enterprise Value (EV) 2 10,688 10,432 9,861 1,770 16,094 15,891 14,957 13,853
P/E ratio 22.2 x 10 x 3.21 x 1.81 x 6.65 x 8.72 x 3.5 x 2.59 x
Yield 2.8% 2.47% 2.39% - 2.91% 2.96% 3.01% 3.12%
Capitalization / Revenue 0.03 x 0.04 x 0.04 x 0.03 x 0.04 x 0.04 x 0.03 x 0.03 x
EV / Revenue 0.21 x 0.2 x 0.19 x 0.03 x 0.3 x 0.3 x 0.26 x 0.23 x
EV / EBITDA 4.65 x 3.66 x 2.34 x 0.46 x 4.06 x 4.22 x 3.5 x 3.13 x
EV / FCF 11.9 x 4.46 x 1.67 x - -47.5 x 49.1 x 8.12 x 4.43 x
FCF Yield 8.41% 22.4% 59.8% - -2.11% 2.04% 12.3% 22.6%
Price to Book 0.39 x 0.43 x 0.45 x - 0.18 x 0.23 x 0.25 x 0.22 x
Nbr of stocks (in thousands) 69,558 69,378 69,167 68,869 74,306 74,306 - -
Reference price 3 25,000 28,300 31,400 25,650 25,750 27,050 27,050 27,050
Announcement Date 2/25/20 2/26/21 2/28/22 2/28/23 2/7/24 - - -
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 50,412 50,926 52,836 62,278 53,135 53,309 57,888 59,393
EBITDA 1 2,299 2,848 4,208 3,873 3,966 3,768 4,269 4,428
EBIT 1 1,126 1,582 2,928 2,516 2,412 2,123 2,735 2,881
Operating Margin 2.23% 3.11% 5.54% 4.04% 4.54% 3.98% 4.73% 4.85%
Earnings before Tax (EBT) 1 253.3 1,104 3,071 2,276 2,247 1,613 2,500 2,832
Net income 1 89.96 213.8 901.1 1,312 380.5 274.3 577.9 721.5
Net margin 0.18% 0.42% 1.71% 2.11% 0.72% 0.51% 1% 1.21%
EPS 2 1,128 2,831 9,773 14,158 3,872 3,101 7,724 10,427
Free Cash Flow 3 899,279 2,337,333 5,898,034 - -339,036 323,400 1,843,000 3,125,500
FCF margin 1,783.84% 4,589.62% 11,162.89% - -638.07% 606.65% 3,183.76% 5,262.38%
FCF Conversion (EBITDA) 39,120.6% 82,066.22% 140,171.69% - - 8,583.88% 43,167.08% 70,591.08%
FCF Conversion (Net income) 999,620.95% 1,093,156.7% 654,562.55% - - 117,891.67% 318,918.46% 433,191.2%
Dividend per Share 2 700.0 700.0 750.0 - 750.0 800.0 813.8 843.3
Announcement Date 2/25/20 2/26/21 2/28/22 2/28/23 2/7/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 13,904 13,144 15,190 16,838 17,099 14,402 12,147 11,939 14,476 12,435 12,275 12,816 14,917
EBITDA - - - - - - - - - - - - -
EBIT 1 737.3 465.8 914.6 917 213.7 1,374 298.7 382.3 231.7 235.8 365.8 615 486.8
Operating Margin 5.3% 3.54% 6.02% 5.45% 1.25% 9.54% 2.46% 3.2% 1.6% 1.9% 2.98% 4.8% 3.26%
Earnings before Tax (EBT) 1 349.9 408.5 - 819.1 145.4 1,643 321.5 124.7 9.488 -61.33 304 472 110
Net income 1 122 39.53 - 542.4 75.43 385 28.71 12.39 -118.4 -154.3 90 140 33
Net margin 0.88% 0.3% - 3.22% 0.44% 2.67% 0.24% 0.1% -0.82% -1.24% 0.73% 1.09% 0.22%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/28/22 4/29/22 7/29/22 10/31/22 2/28/23 5/12/23 8/11/23 11/14/23 2/7/24 5/14/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,948 8,462 7,685 - 14,178 13,880 12,946 11,842
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.893 x 2.971 x 1.827 x - 3.575 x 3.684 x 3.032 x 2.675 x
Free Cash Flow 2 899,279 2,337,333 5,898,034 - -339,036 323,400 1,843,000 3,125,500
ROE (net income / shareholders' equity) 2.09% 4.79% 20.2% 10.5% 6.15% 2.63% 8.72% 7.8%
ROA (Net income/ Total Assets) 0.05% 0.12% 0.46% - 0.68% 0.58% 1.04% 1.1%
Assets 1 176,051 185,926 196,773 - 55,749 47,342 55,546 65,521
Book Value Per Share 3 64,062 65,283 69,762 - 146,168 116,750 107,499 122,243
Cash Flow per Share 3 31,888 49,841 78,397 - 50,564 27,339 31,125 37,116
Capex 1 1,707 1,248 1,216 - 4,280 1,343 1,409 1,819
Capex / Sales 3.39% 2.45% 2.3% - 8.06% 2.52% 2.43% 3.06%
Announcement Date 2/25/20 2/26/21 2/28/22 2/28/23 2/7/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
27,050 KRW
Average target price
35,778 KRW
Spread / Average Target
+32.27%
Consensus

Quarterly revenue - Rate of surprise

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