Financials Hancom Inc.

Equities

A030520

KR7030520001

Software

End-of-day quote Korea S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
27,100 KRW +9.49% Intraday chart for Hancom Inc. +12.68% +89.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 232,005 439,877 637,706 288,857 340,713 647,033 - -
Enterprise Value (EV) 2 240.2 360.7 454.7 136.6 340.7 483.6 436.1 361.8
P/E ratio 12.1 x 13.3 x 31.7 x 6.68 x 23 x 17.3 x 13.8 x 12.7 x
Yield - - - - - 1.62% 1.66% 1.81%
Capitalization / Revenue 0.73 x 1.1 x 1.61 x 1.19 x 1.26 x 2.29 x 2.17 x 2.05 x
EV / Revenue 0.75 x 0.9 x 1.15 x 0.56 x 1.26 x 1.71 x 1.46 x 1.15 x
EV / EBITDA 4 x 3.76 x 6.37 x 2.57 x 5.88 x 6.91 x 5.95 x 5.25 x
EV / FCF 7.23 x 6.51 x 11 x 19.1 x - 9.38 x 8.86 x 6.44 x
FCF Yield 13.8% 15.4% 9.13% 5.25% - 10.7% 11.3% 15.5%
Price to Book 0.89 x 1.64 x 2.27 x 1 x - 1.85 x 1.67 x 1.51 x
Nbr of stocks (in thousands) 23,201 23,336 24,019 23,484 23,876 23,876 - -
Reference price 3 10,000 18,850 26,550 12,300 14,270 27,100 27,100 27,100
Announcement Date 2/21/20 2/16/21 2/25/22 2/24/23 2/16/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 319.3 401.4 395.6 242 271.1 282.6 297.9 315.4
EBITDA 1 60.1 95.99 71.4 53.14 57.97 70.03 73.23 68.9
EBIT 1 33.21 68.21 43.8 25.02 34.66 45.8 52.58 57.67
Operating Margin 10.4% 16.99% 11.07% 10.34% 12.79% 16.21% 17.65% 18.28%
Earnings before Tax (EBT) 1 20.34 59.52 23.66 -14.83 -20.71 48 60.8 67.45
Net income 1 19.61 43.06 7.813 16.84 15.08 37.38 48.25 52.73
Net margin 6.14% 10.73% 1.98% 6.96% 5.56% 13.22% 16.2% 16.72%
EPS 2 827.0 1,414 838.0 1,840 621.0 1,565 1,970 2,141
Free Cash Flow 3 33,234 55,381 41,498 7,167 - 51,567 49,200 56,200
FCF margin 10,408% 13,797.81% 10,490.15% 2,961.52% - 18,245.61% 16,515.61% 17,816.76%
FCF Conversion (EBITDA) 55,293.86% 57,693.8% 58,123.25% 13,486.27% - 73,631.61% 67,182.52% 81,567.49%
FCF Conversion (Net income) 169,485.83% 128,627.26% 531,112.25% 42,562.75% - 137,971.01% 101,968.91% 106,573.96%
Dividend per Share 2 - - - - - 440.0 450.0 490.0
Announcement Date 2/21/20 2/16/21 2/25/22 2/24/23 2/16/24 - - -
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
Net sales 1 81.75 117.2 90.06 61.21 54.81 75.63 41.79 78.46 56.97 93.88 49.63 76.45 62.36 76.25
EBITDA - - - - - - - - - - - - - -
EBIT 1 3.253 9.767 6.996 13.7 4.388 2.74 2.43 18.3 3.263 10.67 6.643 16.54 8.23 11.35
Operating Margin 3.98% 8.33% 7.77% 22.38% 8.01% 3.62% 5.82% 23.32% 5.73% 11.36% 13.38% 21.64% 13.2% 14.89%
Earnings before Tax (EBT) 1 2.258 -9.426 12.57 15.19 3.066 -44.02 6.386 26.49 4.998 -58.59 7.805 17.93 9.47 11.39
Net income 1 3.365 -2.281 11.94 23.09 30.55 -18.88 8.219 17.1 4.284 -14.52 6.6 14.94 7.76 9.745
Net margin 4.12% -1.95% 13.26% 37.72% 55.75% -24.96% 19.67% 21.79% 7.52% -15.47% 13.3% 19.54% 12.44% 12.78%
EPS 138.0 -94.00 - - - - 324.0 - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/12/21 2/25/22 5/13/22 8/16/22 11/11/22 2/24/23 5/12/23 8/14/23 11/14/23 2/16/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8.24 - - - - - - -
Net Cash position 1 - 79.2 183 152 - 163 211 285
Leverage (Debt/EBITDA) 0.1371 x - - - - - - -
Free Cash Flow 2 33,234 55,381 41,498 7,167 - 51,567 49,200 56,200
ROE (net income / shareholders' equity) 7.25% 11% 1.53% 3.27% - 11.2% 12.8% 12.5%
ROA (Net income/ Total Assets) - 6.27% - - - 5.55% 7.1% 7.35%
Assets 1 - 686.9 - - - 673.4 679.6 717.5
Book Value Per Share 3 11,195 11,502 11,721 12,259 - 14,666 16,226 17,980
Cash Flow per Share - 3,091 - - - - - -
Capex 1 6.94 24.8 15 16.6 - 14.3 12.6 2.5
Capex / Sales 2.17% 6.17% 3.8% 6.86% - 5.05% 4.24% 0.79%
Announcement Date 2/21/20 2/16/21 2/25/22 2/24/23 2/16/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
27,100 KRW
Average target price
33,667 KRW
Spread / Average Target
+24.23%
Consensus

Quarterly revenue - Rate of surprise

1st Jan change Capi.
+89.91% 478M
-18.51% 218B
-7.35% 67.86B
-5.13% 55.36B
-11.62% 46.03B
+2.38% 41.53B
-5.30% 34.64B
-11.95% 27.89B
+88.38% 24.73B
+0.46% 21.01B
Application Software