Financials Hanwha Corporation

Equities

A000880

KR7000880005

Life & Health Insurance

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
26,750 KRW -0.37% Intraday chart for Hanwha Corporation +2.49% +3.88%

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 1,989,664 - -
Enterprise Value (EV) 2 10,688 10,432 9,861 1,770 1,916 11,489 10,621 10,965
P/E ratio 22.2 x 10 x 3.21 x 1.81 x - 3.38 x 2.65 x 2.91 x
Yield 2.8% 2.47% 2.39% - - 2.97% 3.1% 3.19%
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 0.04 x 0.2 x 0.18 x 0.18 x
EV / EBITDA 4.65 x 3.66 x 2.34 x 0.46 x - 2.88 x 2.42 x 2.52 x
EV / FCF 11.9 x 4.46 x 1.67 x - - 7.48 x 6.82 x 6.78 x
FCF Yield 8.41% 22.4% 59.8% - - 13.4% 14.7% 14.8%
Price to Book 0.39 x 0.43 x 0.45 x - - 0.26 x 0.28 x 0.23 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 26,750 26,750 26,750
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 56,112 58,641 61,152
EBITDA 1 2,299 2,848 4,208 3,873 - 3,988 4,395 4,348
EBIT 1 1,126 1,582 2,928 2,516 2,412 2,371 2,869 2,706
Operating Margin 2.23% 3.11% 5.54% 4.04% 4.54% 4.23% 4.89% 4.42%
Earnings before Tax (EBT) 1 253.3 1,104 3,071 2,276 2,247 2,333 2,713 2,693
Net income 1 89.96 213.8 901.1 1,312 380.5 622.6 796.3 643.7
Net margin 0.18% 0.42% 1.71% 2.11% 0.72% 1.11% 1.36% 1.05%
EPS 2 1,128 2,831 9,773 14,158 - 7,923 10,088 9,189
Free Cash Flow 3 899,279 2,337,333 5,898,034 - - 1,536,500 1,558,000 1,617,500
FCF margin 1,783.84% 4,589.62% 11,162.89% - - 2,738.3% 2,656.85% 2,645.03%
FCF Conversion (EBITDA) 39,120.6% 82,066.22% 140,171.69% - - 38,526.7% 35,447.07% 37,196.73%
FCF Conversion (Net income) 999,620.95% 1,093,156.7% 654,562.55% - - 246,798.99% 195,658.42% 251,294.66%
Dividend per Share 2 700.0 700.0 750.0 - - 794.4 828.9 852.5
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 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 13,417 13,904 13,144 15,190 16,838 17,099 14,402 12,147 11,939 14,476 14,175 13,210 13,565 15,373
EBITDA - - - - - - - - - - - - - -
EBIT 1 573.2 737.3 465.8 914.6 917 213.7 1,374 298.7 382.3 231.7 472.3 379.1 632.7 405.7
Operating Margin 4.27% 5.3% 3.54% 6.02% 5.45% 1.25% 9.54% 2.46% 3.2% 1.6% 3.33% 2.87% 4.66% 2.64%
Earnings before Tax (EBT) 1 - 349.9 408.5 - 819.1 145.4 1,643 321.5 124.7 9.488 739 304 472 110
Net income 1 - 122 39.53 - 542.4 75.43 385 28.71 12.39 -118.4 219 90 140 33
Net margin - 0.88% 0.3% - 3.22% 0.44% 2.67% 0.24% 0.1% -0.82% 1.54% 0.68% 1.03% 0.21%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/29/21 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 - - - -
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 - - 9,500 8,631 8,975
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.893 x 2.971 x 1.827 x - - 2.382 x 1.964 x 2.064 x
Free Cash Flow 2 899,279 2,337,333 5,898,034 - - 1,536,500 1,558,000 1,617,500
ROE (net income / shareholders' equity) 2.09% 4.79% 20.2% 10.5% 6.15% 9.26% 10.4% 7.53%
ROA (Net income/ Total Assets) 0.05% 0.12% 0.46% - - 0.83% 1.15% 1.1%
Assets 1 176,051 185,926 196,773 - - 75,463 69,242 58,515
Book Value Per Share 3 64,062 65,283 69,762 - - 101,037 96,445 115,871
Cash Flow per Share 3 31,888 49,841 78,397 - - 32,698 32,636 39,550
Capex 1 1,707 1,248 1,216 - - 1,323 1,409 1,623
Capex / Sales 3.39% 2.45% 2.3% - - 2.36% 2.4% 2.65%
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
26,750 KRW
Average target price
36,222 KRW
Spread / Average Target
+35.41%
Consensus

Quarterly revenue - Rate of surprise

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