Financials Hanwha Aerospace Co., Ltd.

Equities

A012450

KR7012450003

Aerospace & Defense

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
235,000 KRW -2.49% Intraday chart for Hanwha Aerospace Co., Ltd. +0.43% +88.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,807,178 1,442,372 2,427,332 3,721,909 6,295,892 11,883,812 - -
Enterprise Value (EV) 2 2,859 2,456 2,680 4,034 6,296 13,672 13,116 12,445
P/E ratio 13.7 x 11.9 x 9.62 x 18.9 x - 21.1 x 15.3 x 11.3 x
Yield - - 1.46% 1.36% - 0.74% 0.88% 1.22%
Capitalization / Revenue 0.34 x 0.27 x 0.38 x 0.57 x 0.67 x 1.09 x 1 x 0.92 x
EV / Revenue 0.54 x 0.46 x 0.42 x 0.62 x 0.67 x 1.26 x 1.11 x 0.96 x
EV / EBITDA 7.45 x 5.02 x 4.32 x 6.38 x - 10.6 x 8.98 x 7.17 x
EV / FCF 5.09 x 10 x 4.05 x 3.04 x - 21.2 x 16.9 x 16 x
FCF Yield 19.6% 9.99% 24.7% 32.8% - 4.71% 5.92% 6.26%
Price to Book 0.73 x 0.56 x 0.84 x 1.3 x - 2.92 x 2.51 x 2.12 x
Nbr of stocks (in thousands) 51,560 50,610 50,569 50,569 50,569 50,569 - -
Reference price 3 35,050 28,500 48,000 73,600 124,500 235,000 235,000 235,000
Announcement Date 2/21/20 2/26/21 2/25/22 2/24/23 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 5,264 5,321 6,415 6,540 9,366 10,888 11,853 12,930
EBITDA 1 384 489.6 620.5 632.6 - 1,285 1,460 1,736
EBIT 1 165.2 243.9 383 375.3 701.7 936.1 1,121 1,362
Operating Margin 3.14% 4.58% 5.97% 5.74% 7.49% 8.6% 9.46% 10.54%
Earnings before Tax (EBT) 1 156.3 171.8 405.3 171.8 1,240 839 1,106 1,515
Net income 1 132.2 121.4 252.6 156.9 998.4 575.3 792.4 1,054
Net margin 2.51% 2.28% 3.94% 2.4% 10.66% 5.28% 6.69% 8.15%
EPS 2 2,558 2,390 4,989 3,897 - 11,143 15,366 20,827
Free Cash Flow 3 561,306 245,358 661,728 1,325,011 - 643,500 777,000 778,750
FCF margin 10,662.9% 4,610.74% 10,315.17% 20,261.33% - 5,910.25% 6,555.43% 6,022.63%
FCF Conversion (EBITDA) 146,174.28% 50,115.33% 106,648.4% 209,453.88% - 50,067.86% 53,207.01% 44,846.69%
FCF Conversion (Net income) 424,572.05% 202,106.85% 261,966.56% 844,580.11% - 111,858.15% 98,057.46% 73,880.64%
Dividend per Share 2 - - 700.0 1,000 - 1,736 2,064 2,859
Announcement Date 2/21/20 2/26/21 2/25/22 2/24/23 2/7/24 - - -
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 1,542 1,974 1,378 1,671 1,398 2,518 1,927 1,798 1,982 3,442 2,036 2,620 2,765 3,758
EBITDA - - - - - - - - - - - - - -
EBIT 1 103.3 81.3 66.4 112.9 64.4 176.6 228.5 83.1 104.3 289.5 137.9 208.9 241.7 360.8
Operating Margin 6.7% 4.12% 4.82% 6.76% 4.61% 7.01% 11.86% 4.62% 5.26% 8.41% 6.77% 7.97% 8.74% 9.6%
Earnings before Tax (EBT) 1 105.7 42 57 46 111.4 54.62 654.5 344.3 13.7 227.1 94.3 192.8 274 362.5
Net income 1 58.3 30.2 40.4 25.7 88.7 89.69 408.8 269.6 -20.6 171.8 64.4 132.8 190 257.2
Net margin 3.78% 1.53% 2.93% 1.54% 6.35% 3.56% 21.21% 14.99% -1.04% 4.99% 3.16% 5.07% 6.87% 6.85%
EPS 1,151 596.0 - - - - 8,041 - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/29/21 2/25/22 4/29/22 7/29/22 10/31/22 2/24/23 4/27/23 7/27/23 10/31/23 2/7/24 - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,052 1,014 253 312 - 1,788 1,232 561
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.74 x 2.071 x 0.4071 x 0.4937 x - 1.391 x 0.8437 x 0.3232 x
Free Cash Flow 2 561,306 245,358 661,728 1,325,011 - 643,500 777,000 778,750
ROE (net income / shareholders' equity) 6.02% 5.64% 8.72% 3.98% 23.2% 15.1% 16.9% 18.3%
ROA (Net income/ Total Assets) 2.05% 1.81% 2.46% 1.86% - 3.17% 3.71% 4.4%
Assets 1 6,437 6,696 10,256 8,416 - 18,167 21,352 23,956
Book Value Per Share 3 48,217 51,133 57,134 56,612 - 80,359 93,718 111,109
Cash Flow per Share 3 13,836 8,557 19,556 30,038 - 22,089 25,672 30,782
Capex 1 154 189 166 197 - 352 380 441
Capex / Sales 2.92% 3.56% 2.59% 3.01% - 3.23% 3.21% 3.41%
Announcement Date 2/21/20 2/26/21 2/25/22 2/24/23 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
15
Last Close Price
235,000 KRW
Average target price
230,133 KRW
Spread / Average Target
-2.07%
Consensus

Quarterly revenue - Rate of surprise

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