Financials Hanwha Aerospace Co., Ltd.

Equities

A012450

KR7012450003

Aerospace & Defense

End-of-day quote Korea S.E. 23:00:00 23/06/2024 BST 5-day change 1st Jan Change
236,000 KRW 0.00% Intraday chart for Hanwha Aerospace Co., Ltd. -1.05% +89.56%

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 11,757,388 - -
Enterprise Value (EV) 2 2,859 2,456 2,680 4,034 8,567 13,475 12,921 12,352
P/E ratio 13.7 x 11.9 x 9.62 x 18.9 x 7.73 x 21 x 15.1 x 12.7 x
Yield - - 1.46% 1.36% 1.45% 0.83% 0.97% 1.05%
Capitalization / Revenue 0.34 x 0.27 x 0.38 x 0.57 x 0.67 x 1.09 x 0.95 x 0.87 x
EV / Revenue 0.54 x 0.46 x 0.42 x 0.62 x 0.91 x 1.24 x 1.04 x 0.92 x
EV / EBITDA 7.45 x 5.02 x 4.32 x 6.38 x 8.32 x 10.7 x 8.33 x 7.15 x
EV / FCF 5.09 x 10 x 4.05 x 3.04 x 9.14 x 24.2 x 17.8 x 14.1 x
FCF Yield 19.6% 9.99% 24.7% 32.8% 10.9% 4.14% 5.61% 7.09%
Price to Book 0.73 x 0.56 x 0.84 x 1.3 x 1.78 x 3 x 2.55 x 2.19 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 73,600 124,500 232,500 232,500 232,500
Announcement Date 21/02/20 26/02/21 25/02/22 24/02/23 07/02/24 - - -
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 10,836 12,375 13,478
EBITDA 1 384 489.6 620.5 632.6 1,030 1,254 1,551 1,728
EBIT 1 165.2 243.9 383 375.3 701.7 919.4 1,209 1,381
Operating Margin 3.14% 4.58% 5.97% 5.74% 7.49% 8.48% 9.77% 10.25%
Earnings before Tax (EBT) 1 156.3 171.8 405.3 171.8 1,240 881.5 1,188 1,402
Net income 1 132.2 121.4 252.6 156.9 998.4 548.2 779.8 927.6
Net margin 2.51% 2.28% 3.94% 2.4% 10.66% 5.06% 6.3% 6.88%
EPS 2 2,558 2,390 4,989 3,897 16,103 11,096 15,407 18,324
Free Cash Flow 3 561,306 245,358 661,728 1,325,011 936,855 557,244 724,456 875,578
FCF margin 10,662.9% 4,610.74% 10,315.17% 20,261.33% 10,002.76% 5,142.45% 5,854.31% 6,496.4%
FCF Conversion (EBITDA) 146,174.28% 50,115.33% 106,648.4% 209,453.88% 90,938.07% 44,450.35% 46,715.15% 50,677.56%
FCF Conversion (Net income) 424,572.05% 202,106.85% 261,966.56% 844,580.11% 93,834.09% 101,651.67% 92,904.33% 94,391.07%
Dividend per Share 2 - - 700.0 1,000 1,800 1,921 2,255 2,445
Announcement Date 21/02/20 26/02/21 25/02/22 24/02/23 07/02/24 - - -
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
Net sales 1 1,974 1,378 1,671 1,398 2,518 1,927 1,798 1,982 3,442 1,848 2,456 2,729 3,783
EBITDA - - - - - - - - - - - - -
EBIT 1 81.3 66.4 112.9 64.4 176.6 228.5 83.1 104.3 289.5 37.4 204.9 258.7 377.9
Operating Margin 4.12% 4.82% 6.76% 4.61% 7.01% 11.86% 4.62% 5.26% 8.41% 2.02% 8.34% 9.48% 9.99%
Earnings before Tax (EBT) 1 42 57 46 111.4 54.62 654.5 344.3 13.7 227.1 56.2 197.4 268 361.8
Net income 1 30.2 40.4 25.7 88.7 89.69 408.8 269.6 -20.6 171.8 -12.6 128.8 181.1 246.1
Net margin 1.53% 2.93% 1.54% 6.35% 3.56% 21.21% 14.99% -1.04% 4.99% -0.68% 5.24% 6.64% 6.51%
EPS 596.0 - - - - 8,041 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 25/02/22 29/04/22 29/07/22 31/10/22 24/02/23 27/04/23 27/07/23 31/10/23 07/02/24 30/04/24 - - -
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 2,271 1,718 1,164 594
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.74 x 2.071 x 0.4071 x 0.4937 x 2.204 x 1.37 x 0.7503 x 0.3439 x
Free Cash Flow 2 561,306 245,358 661,728 1,325,011 936,855 557,244 724,456 875,578
ROE (net income / shareholders' equity) 6.02% 5.64% 8.72% 3.98% 23.2% 14.6% 18.4% 18.1%
ROA (Net income/ Total Assets) 2.05% 1.81% 2.46% 1.86% 4.71% 2.93% 3.84% 4.21%
Assets 1 6,437 6,696 10,256 8,416 21,186 18,715 20,284 22,028
Book Value Per Share 3 48,217 51,133 57,134 56,612 69,773 77,539 91,260 106,112
Cash Flow per Share 3 13,836 8,557 19,556 30,038 27,384 19,792 23,276 27,876
Capex 1 154 189 166 197 453 416 433 442
Capex / Sales 2.92% 3.56% 2.59% 3.01% 4.84% 3.84% 3.5% 3.28%
Announcement Date 21/02/20 26/02/21 25/02/22 24/02/23 07/02/24 - - -
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
18
Last Close Price
232,500 KRW
Average target price
265,278 KRW
Spread / Average Target
+14.10%
Consensus

Quarterly revenue - Rate of surprise

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