Valuation Hanwha Systems Co., Ltd.

Equities

End-of-day quote Korea S.E. Other stock markets 23/01/2026			5-day change	1st Jan Change
90,400.00 ^KRW	+2.38%		-0.55%	+66.18%

01-19	Nomura Adjusts Hanwha Systems' Price Target to KRW47,000 from KRW41,000, Keeps at Reduce	MT
01-08	Hanwha and HavocAI Formalize Partnership to Develop 200-Foot Autonomous Surface Vessel	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,905,108	2,991,892	1,972,779	3,246,203	4,226,048	16,904,191	16,904,191	-
Change	-	57.05%	-34.06%	64.55%	30.18%	300%	0%	-
Enterprise Value (EV) ¹	1,452	1,366	854.5	3,068	4,378	16,811	16,399	16,178
Change	-	-5.92%	-37.46%	259.06%	42.69%	283.98%	-2.45%	-1.35%
P/E ratio	20.4x	24.9x	-24.4x	9.31x	9.34x	68.1x	60.8x	47.1x
PBR	3.46x	1.1x	0.97x	1.53x	1.71x	5.27x	4.72x	4.35x
PEG	-	-1x	0x	-0x	0.3x	-1.5x	5x	1.6x
Capitalization / Revenue	1.16x	1.43x	0.9x	1.32x	1.51x	4.78x	3.97x	3.55x
EV / Revenue	0.88x	0.65x	0.39x	1.25x	1.56x	4.75x	3.85x	3.4x
EV / EBITDA	7.54x	6.57x	6.63x	14.3x	13.1x	52.7x	32.5x	26.3x
EV / EBIT	15.6x	12.2x	35.6x	33.1x	20x	116x	52.1x	38.9x
EV / FCF	11.2x	5.78x	3.88x	-62.7x	-40.8x	110x	94x	67.5x
FCF Yield	8.89%	17.3%	25.8%	-1.6%	-2.45%	0.91%	1.06%	1.48%
Dividend per Share ³	230	160	250	280	350	350	363.6	369.1
Rate of return	1.33%	1%	2.37%	1.61%	1.55%	0.39%	0.4%	0.41%
EPS ³	850	642	-432	1,864	2,420	1,327	1,487	1,920
Distribution rate	27.1%	24.9%	-57.9%	15%	14.5%	26.4%	24.5%	19.2%
Net sales ¹	1,643	2,090	2,188	2,453	2,804	3,539	4,257	4,762
EBITDA ¹	192.6	208	129	214.8	333.5	319	504.6	615.8
EBIT ¹	92.86	112	24.02	92.83	219.3	145.4	314.7	415.7
Net income ¹	93.58	98.32	-76.56	349.2	454.2	265.8	277.1	359.8
Net Debt ¹	-452.8	-1,626	-1,118	-177.9	152.2	-92.9	-505	-726.3
Reference price ³	17,300.00	16,000.00	10,550.00	17,360.00	22,600.00	90,400.00	90,400.00	90,400.00
Nbr of stocks (in thousands)	110,122	186,993	186,993	186,993	186,993	186,993	186,993	-
Announcement Date	19/02/21	22/02/22	23/02/23	07/02/24	07/02/25	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HANWHA SYSTEMS CO., LTD.	68.14x	4.75x	52.71x	0.39%	11.54B
GE AEROSPACE	40.71x	7.56x	31.46x	0.49%	308B
RTX CORPORATION	39.97x	3.38x	20.21x	1.34%	263B
ROLLS-ROYCE HOLDINGS PLC	20.9x	5.24x	24.88x	0.74%	142B
GENERAL DYNAMICS CORPORATION	23.58x	1.99x	16.46x	1.64%	97.98B
RHEINMETALL AG	75.4x	7.6x	35.56x	0.61%	98.72B
NORTHROP GRUMMAN CORPORATION	25.81x	2.56x	18.14x	1.33%	96.04B
BAE SYSTEMS PLC	28.86x	2.18x	15.71x	1.76%	81.89B
L3HARRIS TECHNOLOGIES, INC.	36.96x	3.5x	19.57x	1.35%	66.35B
AXON ENTERPRISE, INC.	414x	17.61x	70.4x	-.--%	48.71B
Average	77.43x	5.64x	30.51x	0.96%	121.43B
Weighted average by Cap.	52.72x	5.33x	26.38x	0.98%