Financials Hanwha Solutions Corporation

Equities

A009830

KR7009830001

Renewable Energy Equipment & Services

End-of-day quote Korea S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
31,450 KRW -2.33% Intraday chart for Hanwha Solutions Corporation +3.97% -20.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,025,513 7,709,594 6,807,030 8,148,922 6,755,492 5,389,492 - -
Enterprise Value (EV) 2 7,817 12,006 10,885 12,469 13,899 14,352 14,626 14,725
P/E ratio -12.9 x 25 x 10.7 x 22.2 x -34.8 x -11.1 x 9.01 x 7.16 x
Yield 1.06% - - - 0.76% 0.95% 0.95% 0.95%
Capitalization / Revenue 0.32 x 0.84 x 0.63 x 0.6 x 0.51 x 0.45 x 0.38 x 0.37 x
EV / Revenue 0.82 x 1.31 x 1.01 x 0.91 x 1.05 x 1.19 x 1.04 x 1.01 x
EV / EBITDA 8.32 x 10.1 x 7.85 x 7.59 x 10.8 x 15.9 x 7.01 x 6.27 x
EV / FCF 192 x 64.6 x 65.3 x -15.8 x -7.42 x -5.8 x 45.7 x 25.4 x
FCF Yield 0.52% 1.55% 1.53% -6.31% -13.5% -17.2% 2.19% 3.94%
Price to Book 0.53 x 1.29 x 0.83 x 0.95 x 0.87 x 0.74 x 0.66 x 0.63 x
Nbr of stocks (in thousands) 144,596 144,313 172,274 170,519 171,888 171,893 - -
Reference price 3 20,976 53,302 39,504 47,850 39,500 31,450 31,450 31,450
Announcement Date 2/20/20 2/18/21 2/17/22 2/16/23 2/22/24 - - -
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 9,503 9,195 10,725 13,654 13,289 12,099 14,038 14,550
EBITDA 1 940 1,189 1,387 1,642 1,283 901.4 2,087 2,350
EBIT 1 378 594.2 738.3 966.2 604.5 -50.99 1,155 1,343
Operating Margin 3.98% 6.46% 6.88% 7.08% 4.55% -0.42% 8.23% 9.23%
Earnings before Tax (EBT) 1 -217 451.5 865.3 577.1 -102 -560.4 854.9 979.8
Net income 1 -237.6 309.1 629 371.1 -208.1 -498.9 599.1 713
Net margin -2.5% 3.36% 5.86% 2.72% -1.57% -4.12% 4.27% 4.9%
EPS 2 -1,624 2,135 3,694 2,153 -1,136 -2,833 3,491 4,394
Free Cash Flow 3 40,768 185,752 166,743 -787,206 -1,872,529 -2,472,700 320,244 580,000
FCF margin 429.01% 2,020.14% 1,554.69% -5,765.41% -14,091.09% -20,437.26% 2,281.21% 3,986.24%
FCF Conversion (EBITDA) 4,337.07% 15,622.92% 12,021.43% - - - 15,346.57% 24,677.08%
FCF Conversion (Net income) - 60,098.93% 26,510.56% - - - 53,454.95% 81,342.28%
Dividend per Share 2 222.6 - - - 300.0 300.0 300.0 300.0
Announcement Date 2/20/20 2/18/21 2/17/22 2/16/23 2/22/24 - - -
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 2025 Q1 2025 Q2
Net sales 1 2,963 2,970 3,389 3,366 3,929 3,100 3,393 2,926 3,870 2,393 2,741 3,250 3,517 2,690 2,898
EBITDA 1 247.3 - - 507.6 354 440.2 - 267.9 219.3 -63.52 257.5 491.3 582.6 - -
EBIT 1 84.27 157.9 277.8 348.4 182.2 271.4 194.1 98.34 40.69 -216.6 -74.41 75.02 165.2 246.6 324.3
Operating Margin 2.84% 5.32% 8.2% 10.35% 4.64% 8.76% 5.72% 3.36% 1.05% -9.05% -2.71% 2.31% 4.7% 9.17% 11.19%
Earnings before Tax (EBT) 1 -210.2 125.4 334.5 222.5 -105.3 201.2 44.31 33.6 -381.1 -517.5 -183.4 49.65 153.4 185.9 272.3
Net income 1 -174.2 100.9 239 137 -105.9 116.2 7.13 5.869 -337.3 -459.1 -163.7 16.9 96.18 77 156.7
Net margin -5.88% 3.4% 7.05% 4.07% -2.7% 3.75% 0.21% 0.2% -8.72% -19.19% -5.97% 0.52% 2.73% 2.86% 5.41%
EPS 2 -1,160 - - - -609.8 629.0 41.00 34.00 -1,912 -2,651 -506.0 -17.00 1,272 - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/17/22 4/28/22 7/28/22 10/27/22 2/16/23 4/27/23 7/27/23 10/31/23 2/22/24 4/25/24 - - - - -
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,791 4,296 4,078 4,320 7,144 8,963 9,236 9,336
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.097 x 3.613 x 2.94 x 2.631 x 5.567 x 9.943 x 4.426 x 3.972 x
Free Cash Flow 2 40,768 185,752 166,743 -787,206 -1,872,529 -2,472,700 320,244 580,000
ROE (net income / shareholders' equity) -4.14% 5.13% 9.13% 4.23% -2.48% -5.24% 7.42% 9.86%
ROA (Net income/ Total Assets) -1.61% 1.96% 4.77% 1.69% -0.86% -1.89% 2.46% 3.42%
Assets 1 14,758 15,785 13,176 21,919 24,164 26,445 24,365 20,849
Book Value Per Share 3 39,474 41,271 47,468 50,563 45,199 42,342 47,751 50,169
Cash Flow per Share 3 8,295 7,442 3,780 607.0 2,983 6,637 11,697 13,161
Capex 1 1,165 884 824 903 2,390 2,571 1,564 1,171
Capex / Sales 12.26% 9.61% 7.68% 6.61% 17.99% 21.25% 11.14% 8.05%
Announcement Date 2/20/20 2/18/21 2/17/22 2/16/23 2/22/24 - - -
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
OUTPERFORM
Number of Analysts
23
Last Close Price
31,450 KRW
Average target price
36,261 KRW
Spread / Average Target
+15.30%
Consensus
  1. Stock Market
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  4. Financials Hanwha Solutions Corporation