HANON SYSTEMS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,010 KRW | -0.79% |
|
-2.53% | -31.28% |
| May. 16 | Hanon Systems Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| May. 10 | Nomura Adjusts Hanon Systems’ Price Target to KRW3,000 From KRW4,000, Keeps at Reduce | 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 | 2,673,679 | - | - |
| Enterprise Value (EV) 2 | 7,999 | 10,797 | 9,497 | 7,149 | 7,258 | 5,957 | 5,942 | 5,885 |
| P/E ratio | 18.7 x | 78.5 x | 23.4 x | 150 x | 75.9 x | 17.4 x | 10.2 x | 8.58 x |
| Yield | 2.87% | 1.97% | 2.68% | 4.45% | 4.33% | 5.83% | 5.99% | 5.98% |
| Capitalization / Revenue | 0.83 x | 1.26 x | 0.98 x | 0.5 x | 0.41 x | 0.27 x | 0.25 x | 0.24 x |
| EV / Revenue | 1.12 x | 1.57 x | 1.29 x | 0.83 x | 0.76 x | 0.6 x | 0.56 x | 0.53 x |
| EV / EBITDA | 9.26 x | 13.8 x | 11.4 x | 8.78 x | 8.29 x | 6.05 x | 5.35 x | 4.94 x |
| EV / FCF | 23.7 x | 27.4 x | 38.2 x | -1,780 x | 201 x | 15.3 x | 12.8 x | 11.1 x |
| FCF Yield | 4.21% | 3.64% | 2.62% | -0.06% | 0.5% | 6.54% | 7.83% | 8.99% |
| Price to Book | 2.68 x | 4.1 x | 3.06 x | 1.92 x | 1.64 x | 1.11 x | 1.05 x | 0.97 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 | 5,010 | 5,010 | 5,010 |
| 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 | 9,904 | 10,531 | 11,112 |
| EBITDA 1 | 864 | 784 | 834 | 814.5 | 875.7 | 984.3 | 1,112 | 1,190 |
| EBIT 1 | 484 | 315.8 | 325.8 | 256.6 | 277.3 | 356.1 | 483.8 | 553.9 |
| Operating Margin | 6.77% | 4.6% | 4.43% | 2.97% | 2.9% | 3.6% | 4.59% | 4.99% |
| Earnings before Tax (EBT) 1 | 407.3 | 139.8 | 354.6 | 107.5 | 144.6 | 219 | 368.8 | 447.7 |
| Net income 1 | 318.5 | 110.4 | 308.5 | 28.78 | 50.98 | 159.5 | 280.2 | 343.4 |
| Net margin | 4.45% | 1.61% | 4.2% | 0.33% | 0.53% | 1.61% | 2.66% | 3.09% |
| EPS 2 | 596.0 | 207.0 | 575.0 | 54.00 | 96.00 | 288.1 | 489.3 | 583.8 |
| Free Cash Flow 3 | 337,025 | 393,528 | 248,637 | -4,016 | 36,180 | 389,612 | 465,078 | 529,060 |
| FCF margin | 4,711% | 5,728.21% | 3,382.17% | -46.55% | 378.47% | 3,933.85% | 4,416.39% | 4,761.04% |
| FCF Conversion (EBITDA) | 39,007.5% | 50,194.93% | 29,812.64% | - | 4,131.54% | 39,584.08% | 41,840.18% | 44,446.97% |
| FCF Conversion (Net income) | 105,803.99% | 356,560.07% | 80,591.67% | - | 70,961.35% | 244,285.1% | 165,954.96% | 154,064.96% |
| Dividend per Share 2 | 320.0 | 320.0 | 360.0 | 360.0 | 316.0 | 292.1 | 300.1 | 299.5 |
| 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 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 | 1,926 | 1,980 | 2,107 | 2,196 | 2,345 | 2,340 | 2,429 | 2,327 | 2,463 | 2,405 | 2,506 | 2,416 | 2,583 | 2,480 | 2,584 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 60.73 | 30.46 | 60.07 | 61.76 | 104.3 | 60.22 | 143.5 | 20.29 | 53.29 | 65.32 | 87.31 | 84.35 | 118.9 | 98 | 121 |
| Operating Margin | 3.15% | 1.54% | 2.85% | 2.81% | 4.45% | 2.57% | 5.91% | 0.87% | 2.16% | 2.72% | 3.48% | 3.49% | 4.6% | 3.95% | 4.68% |
| Earnings before Tax (EBT) 1 | 95.45 | 29.94 | 14.58 | 25.65 | 37.33 | 66.64 | 135.2 | -26.89 | -30.38 | 20.79 | 60.63 | 56.88 | 88.35 | 59 | 76 |
| Net income 1 | 102.1 | 19.71 | 13.96 | 16.81 | -21.7 | 43.88 | 107.2 | -45.35 | -54.77 | 8.287 | 39.27 | 40.71 | 64.29 | 42 | 55 |
| Net margin | 5.3% | 1% | 0.66% | 0.77% | -0.93% | 1.88% | 4.41% | -1.95% | -2.22% | 0.34% | 1.57% | 1.69% | 2.49% | 1.69% | 2.13% |
| EPS 2 | 190.0 | 37.00 | 26.00 | 32.00 | -41.00 | 82.00 | 201.0 | -85.00 | -102.0 | 16.00 | 66.30 | 95.89 | 127.0 | 120.0 | 166.0 |
| Dividend per Share 2 | - | - | - | 90.00 | 90.00 | - | - | - | 68.00 | - | - | - | 200.0 | - | - |
| Announcement Date | 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 | 5/9/24 | - | - | - | - | - |
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 | 3,368 | 3,283 | 3,268 | 3,212 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.37 x | 2.71 x | 2.781 x | 3.477 x | 3.846 x | 3.335 x | 2.94 x | 2.698 x |
| Free Cash Flow 2 | 337,025 | 393,528 | 248,637 | -4,016 | 36,180 | 389,613 | 465,078 | 529,060 |
| ROE (net income / shareholders' equity) | 15% | 5.24% | 13.2% | 1.25% | 2.21% | 6.23% | 10.1% | 12% |
| ROA (Net income/ Total Assets) | 5.12% | 1.52% | 3.85% | 0.33% | 0.56% | 2.23% | 3.49% | 4.19% |
| Assets 1 | 6,219 | 7,242 | 8,020 | 8,675 | 9,172 | 7,158 | 8,032 | 8,202 |
| Book Value Per Share 3 | 4,153 | 3,967 | 4,391 | 4,208 | 4,444 | 4,504 | 4,788 | 5,160 |
| Cash Flow per Share 3 | 1,457 | 1,489 | 1,186 | 709.0 | 969.0 | 1,488 | 1,653 | 1,746 |
| Capex 1 | 441 | 402 | 388 | 389 | 481 | 474 | 466 | 481 |
| Capex / Sales | 6.17% | 5.85% | 5.27% | 4.51% | 5.03% | 4.79% | 4.42% | 4.33% |
| 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
OUTPERFORM
Number of Analysts
24
Last Close Price
5,010
KRW
Average target price
6,762
KRW
Spread / Average Target
+34.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -31.28% | 1.93B | |
| -4.00% | 3.74B | |
| -27.54% | 3B | |
| +154.60% | 2.48B | |
| -4.65% | 2.48B | |
| +45.70% | 2.38B | |
| -18.26% | 1.29B | |
| -19.38% | 1.17B | |
| -22.42% | 1.05B | |
| +27.88% | 963M |
- Stock Market
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- A018880 Stock
- Financials Hanon Systems
