Obermatt

Hanwha Systems

KSC:272210 · KR7272210006
Aerospace & DefenseMedium

360

2
EV / EBIT12
Price / Owner Earnings1
Owner Earnings Yield16
Dividend Yield51
Price/Sales28
EV / Gross Profit6
Price/Book49
Return on Capital15
Cash Return on Capital16
Return on Equity16
EBIT Margin14
Gross Profitability7
Cash Conversion13
Accruals24
Owner Earnings Margin16
Sales growth58
Profit Growth69
Long-Term EPS Growth4
Owner Earnings Growth7
Reinvestment17
Price momentum70
Debt load37
Refinancing9
Debt Payback3
Liquidity20
Analyst ratings21
Opinion Changes61
Price Target Upside77
Market mood75
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Hanwha Systems clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySouth Korea
IndustryAerospace & Defense
SizeMedium
TypePublic Company
ExchangeKOSE
Employees514
ISINKR7272210006
Last UpdateApr 2, 2026
Themes
ElectronicsManufacturing

Description

Analysis

Story stock

Hanwha Systems Co., Ltd. trades at an expensive price on a weak set of business metrics, a combination we flag as a story stock.

On valuation, the picture is expensive. The owner-earnings multiple stands at 489.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 52% a year, against analyst forecasts of -10%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is tepid; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
12
2023202420252026

All-time high

63

Jan 2024

All-time low

12

Jun 2026

Average rank

28

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
28
16
17
10
Price/Earnings
4
3
3
1
Price/Book
49
26
38
23
Dividend Yield
51
10
20
11
Value (overall)
26
7
12
5

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →