HANON SYSTEMS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,250 KRW | -0.76% |
|
+7.58% | -27.98% |
| Mar. 06 | Hanon Systems Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 16 | Hanon Systems Widens Q4 Loss | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,951,870 | 8,672,112 | 7,177,840 | 4,317,378 | 3,890,443 | 2,801,759 | - | - |
| Enterprise Value (EV) 2 | 7,999 | 10,797 | 9,497 | 7,149 | 3,890 | 5,718 | 5,741 | 5,904 |
| P/E ratio | 18.7 x | 78.5 x | 23.4 x | 150 x | 75.9 x | 13.5 x | 9.06 x | 7.82 x |
| Yield | 2.87% | 1.97% | 2.68% | 4.45% | - | 6.05% | 6.08% | 6.03% |
| Capitalization / Revenue | 0.83 x | 1.26 x | 0.98 x | 0.5 x | 0.41 x | 0.28 x | 0.27 x | 0.25 x |
| EV / Revenue | 1.12 x | 1.57 x | 1.29 x | 0.83 x | 0.41 x | 0.58 x | 0.54 x | 0.52 x |
| EV / EBITDA | 9.26 x | 13.8 x | 11.4 x | 8.78 x | 4.44 x | 5.77 x | 5.08 x | 4.84 x |
| EV / FCF | 23.7 x | 27.4 x | 38.2 x | -1,780 x | - | 11.1 x | 11.5 x | - |
| FCF Yield | 4.21% | 3.64% | 2.62% | -0.06% | - | 9.02% | 8.71% | - |
| Price to Book | 2.68 x | 4.1 x | 3.06 x | 1.92 x | - | 1.16 x | 1.08 x | 1.01 x |
| Nbr of stocks (in thousands) | 533,800 | 533,668 | 533,668 | 533,668 | 533,668 | 533,668 | - | - |
| Reference price 3 | 11,150 | 16,250 | 13,450 | 8,090 | 7,290 | 5,250 | 5,250 | 5,250 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/10/22 | 2/9/23 | 2/14/24 | - | - | - |
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 | 7,154 | 6,870 | 7,351 | 8,628 | 9,559 | 9,875 | 10,552 | 11,387 |
| EBITDA 1 | 864 | 784 | 834 | 814.5 | 875.7 | 991.7 | 1,131 | 1,220 |
| EBIT 1 | 484 | 315.8 | 325.8 | 256.6 | 277.3 | 378.9 | 497 | 552.1 |
| Operating Margin | 6.77% | 4.6% | 4.43% | 2.97% | 2.9% | 3.84% | 4.71% | 4.85% |
| Earnings before Tax (EBT) 1 | 407.3 | 139.8 | 354.6 | 107.5 | 144.6 | 278.9 | 420.7 | 449.4 |
| Net income 1 | 318.5 | 110.4 | 308.5 | 28.78 | 50.98 | 206.7 | 318.4 | 376.6 |
| Net margin | 4.45% | 1.61% | 4.2% | 0.33% | 0.53% | 2.09% | 3.02% | 3.31% |
| EPS 2 | 596.0 | 207.0 | 575.0 | 54.00 | 96.00 | 387.7 | 579.2 | 671.4 |
| Free Cash Flow 3 | 337,025 | 393,528 | 248,637 | -4,016 | - | 515,780 | 500,114 | - |
| FCF margin | 4,711% | 5,728.21% | 3,382.17% | -46.55% | - | 5,223.25% | 4,739.34% | - |
| FCF Conversion (EBITDA) | 39,007.5% | 50,194.93% | 29,812.64% | - | - | 52,009.21% | 44,222.12% | - |
| FCF Conversion (Net income) | 105,803.99% | 356,560.07% | 80,591.67% | - | - | 249,485.37% | 157,060.92% | - |
| Dividend per Share 2 | 320.0 | 320.0 | 360.0 | 360.0 | - | 317.8 | 319.0 | 316.7 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/10/22 | 2/9/23 | 2/14/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,704 | 1,926 | 1,980 | 2,107 | 2,196 | 2,345 | 2,340 | 2,429 | 2,327 | 2,463 | 2,391 | 2,474 | 2,414 | 2,606 | - |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | 228.5 | 233.5 | 251.7 | 271.6 | - |
| EBIT 1 | 70.58 | 60.73 | 30.46 | 60.07 | 61.76 | 104.3 | 60.22 | 143.5 | 20.29 | 53.29 | 71.95 | 89.58 | 93.39 | 117.1 | - |
| Operating Margin | 4.14% | 3.15% | 1.54% | 2.85% | 2.81% | 4.45% | 2.57% | 5.91% | 0.87% | 2.16% | 3.01% | 3.62% | 3.87% | 4.49% | - |
| Earnings before Tax (EBT) 1 | 53.3 | 95.45 | 29.94 | 14.58 | 25.65 | 37.33 | 66.64 | 135.2 | -26.89 | -30.38 | 39.71 | 53.65 | 77.73 | 94.35 | - |
| Net income 1 | 50.89 | 102.1 | 19.71 | 13.96 | 16.81 | -21.7 | 43.88 | 107.2 | -45.35 | -54.77 | 35.18 | 44.98 | 51.07 | 70.99 | - |
| Net margin | 2.99% | 5.3% | 1% | 0.66% | 0.77% | -0.93% | 1.88% | 4.41% | -1.95% | -2.22% | 1.47% | 1.82% | 2.12% | 2.72% | - |
| EPS 2 | 95.00 | 190.0 | 37.00 | 26.00 | 32.00 | -41.00 | 82.00 | 201.0 | -85.00 | -102.0 | 65.63 | 95.79 | 106.4 | 142.6 | - |
| Dividend per Share 2 | - | - | - | - | 90.00 | 90.00 | - | - | - | - | - | - | - | 250.0 | - |
| Announcement Date | 11/9/21 | 2/10/22 | 5/11/22 | 8/10/22 | 11/9/22 | 2/9/23 | 5/11/23 | 8/10/23 | 11/9/23 | 2/14/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,047 | 2,125 | 2,319 | 2,832 | - | 2,916 | 2,939 | 3,102 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.37 x | 2.71 x | 2.781 x | 3.477 x | - | 2.941 x | 2.599 x | 2.542 x |
| Free Cash Flow 2 | 337,025 | 393,528 | 248,637 | -4,016 | - | 515,780 | 500,114 | - |
| ROE (net income / shareholders' equity) | 15% | 5.24% | 13.2% | 1.25% | - | 8.8% | 12.3% | 13.3% |
| ROA (Net income/ Total Assets) | 5.12% | 1.52% | 3.85% | 0.33% | - | 2.75% | 3.9% | 4.3% |
| Assets 1 | 6,219 | 7,242 | 8,020 | 8,675 | - | 7,529 | 8,167 | 8,759 |
| Book Value Per Share 3 | 4,153 | 3,967 | 4,391 | 4,208 | - | 4,532 | 4,839 | 5,219 |
| Cash Flow per Share 3 | 1,457 | 1,489 | 1,186 | 709.0 | - | 1,668 | 1,792 | 1,963 |
| Capex 1 | 441 | 402 | 388 | 389 | - | 462 | 471 | 563 |
| Capex / Sales | 6.17% | 5.85% | 5.27% | 4.51% | - | 4.68% | 4.46% | 4.95% |
| Announcement Date | 2/11/20 | 2/9/21 | 2/10/22 | 2/9/23 | 2/14/24 | - | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
21
Last Close Price
5,250
KRW
Average target price
7,165
KRW
Spread / Average Target
+36.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -27.98% | 2.04B | |
| +9.91% | 4.21B | |
| +226.41% | 3.18B | |
| -24.08% | 3.15B | |
| +5.57% | 2.75B | |
| +33.25% | 2.24B | |
| -20.08% | 1.26B | |
| -15.08% | 1.24B | |
| +50.22% | 1.13B | |
| -20.81% | 1.07B |
- Stock Market
- Equities
- A018880 Stock
- Financials Hanon Systems
