Hanwha Aerospace Co., Ltd.

KOSE:A012450 Stock Report

Market Cap: ₩58.5t

Hanwha Aerospace Future Growth

Future criteria checks 3/6

Hanwha Aerospace is forecast to grow earnings and revenue by 22.9% and 11% per annum respectively. EPS is expected to grow by 21% per annum. Return on equity is forecast to be 21.7% in 3 years.

Key information

22.9%

Earnings growth rate

21.05%

EPS growth rate

Aerospace & Defense earnings growth30.0%
Revenue growth rate11.0%
Future return on equity21.69%
Analyst coverage

Good

Last updated18 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 19

A012450: Higher Margin Outlook Will Drive Future Upside Potential

Analysts now set a fair value price target for Hanwha Aerospace at about ₩2,058,957, compared with the earlier ₩2,000,000. This reflects updated assumptions around discount rate, revenue growth, profit margins, and future P/E levels.
Narrative Update • Apr 30

A012450: Stronger Margins And Revenue Outlook Will Support Future Upside Potential

Analysts have lifted their fair value estimate for Hanwha Aerospace from ₩1,620,000 to ₩2,000,000, citing updated assumptions for revenue growth, profit margins, and a lower expected future P/E multiple. Valuation Changes Fair Value: raised from ₩1,620,000 to ₩2,000,000, representing a sizable uplift in the intrinsic value estimate.
Narrative Update • Apr 15

A012450: Lower Discount Rate And Higher Revenue Assumptions Will Shape Future Returns

Analysts have raised their fair value estimate for Hanwha Aerospace from roughly ₩1,557,857 to about ₩1,610,682, reflecting updated assumptions around revenue growth, discount rate, profit margin, and future P/E expectations. Valuation Changes Fair Value: Raised from roughly ₩1,557,857 to about ₩1,610,682, a small uplift in the valuation estimate.
Narrative Update • Apr 01

A012450: Lower Discount Rate And Stronger Margins Will Support Future Upside

Analysts have increased their fair value estimate for Hanwha Aerospace from about ₩1,326,739 to roughly ₩1,557,857, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as the key drivers of this change. Valuation Changes Fair Value: The updated estimate has moved from about ₩1,326,739 to roughly ₩1,557,857, indicating a higher assessed equity value.
Narrative Update • Mar 17

A012450: Rich P/E Multiple And Fair Value Outlook Will Shape Future Returns

Analysts have revised their price target for Hanwha Aerospace to ₩1,280,000 from ₩1,171,919, citing updated fair value estimates that factor in slight adjustments to the discount rate, revenue growth, profit margin, and expected future P/E. Valuation Changes Fair Value: updated to ₩1,280,000 from ₩1,171,919, reflecting a higher central estimate of equity value.
Narrative Update • Mar 03

A012450: Rich P/E And Higher Discount Rate Will Likely Pressure Future Returns

Analysts have adjusted their price target for Hanwha Aerospace to around ₩1,171,920, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that together refine their view of the company’s fair value. Valuation Changes Fair Value: Unchanged at around ₩1,171,919.62, indicating the updated inputs did not alter the overall estimate.
Narrative Update • Feb 17

A012450: Higher Margin Assumptions Will Likely Sustain Rich Earnings Multiple

Analysts have lifted their fair value estimate for Hanwha Aerospace from about ₩1,052,704 to roughly ₩1,171,920, citing updated assumptions for revenue growth, profit margins and future P/E as the key drivers behind the change. Valuation Changes Fair Value: Updated from about ₩1,052,704 to roughly ₩1,171,920, indicating a higher central estimate for the shares.
Analysis Article • Feb 05

Is It Time To Consider Buying Hanwha Aerospace Co., Ltd. (KRX:012450)?

Hanwha Aerospace Co., Ltd. ( KRX:012450 ) saw a significant share price rise of 63% in the past couple of months on the...
Narrative Update • Feb 03

A012450: Lower Revenue Outlook Will Likely Expose Rich Earnings Multiple

Analysts have trimmed their fair value estimate for Hanwha Aerospace from ₩1,060,013.01 to ₩1,052,704.52 as they update their assumptions around revenue growth, profit margins, discount rate and future P/E expectations. Valuation Changes The Fair Value Estimate is now ₩1,052,704.52, slightly lower than the previous ₩1,060,013.01, reflecting updated model inputs.
Analysis Article • Jan 20

Subdued Growth No Barrier To Hanwha Aerospace Co., Ltd. (KRX:012450) With Shares Advancing 48%

Hanwha Aerospace Co., Ltd. ( KRX:012450 ) shares have had a really impressive month, gaining 48% after a shaky period...
Narrative Update • Jan 20

A012450: Higher Future P/E Will Support Upside Despite Softer Assumptions

Analysts have lifted their fair value estimate for Hanwha Aerospace from ₩1,578,024.67 to ₩1,620,000.00, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. Valuation Changes Fair Value Estimate adjusted from ₩1,578,024.67 to ₩1,620,000.00, reflecting the latest set of inputs.
Narrative Update • Jan 05

A012450: Refined Margins And Discount Rate Will Support Stronger Future P E

Analysts have modestly adjusted their fair value framework for Hanwha Aerospace, keeping the implied valuation broadly anchored while refining assumptions around the discount rate, profit margin outlook and future P/E to better reflect their latest views on risk and earnings quality. Valuation Changes Fair Value: Kept unchanged at ₩1,326,739.13, indicating no revision to the core valuation output.
Analysis Article • Dec 23

With EPS Growth And More, Hanwha Aerospace (KRX:012450) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update • Dec 22

A012450 Will Benefit From Improved Future Earnings Multiple Despite Softer Assumptions

Analysts have raised their price target for Hanwha Aerospace from ₩1,450,000 to approximately ₩1,578,000, citing modestly lower growth and margin assumptions. These are offset by a higher justified future P/E multiple that supports a higher fair value.
Narrative Update • Dec 08

A012450: Higher Future P E Should Support Stronger Share Price Upside

Analysts have nudged their fair value estimate for Hanwha Aerospace slightly higher, from approximately 1,315,870 to 1,326,739, citing modestly stronger long term revenue growth expectations. These expectations more than offset a marginally higher discount rate and slightly softer projected profit margins.
Narrative Update • Nov 24

A012450: Higher Fair Value And P/E Will Support Further Upside

Hanwha Aerospace's analyst price target has been revised upward by approximately ₩10,600 to ₩1,315,870. Analysts are adjusting their expectations based on updated growth and profitability forecasts.
Analysis Article • Nov 21

We Think Hanwha Aerospace (KRX:012450) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Nov 06

A012450: Lower Discount Rate Will Drive Further Share Price Upside

Analysts have raised their price target for Hanwha Aerospace from ₩1,281,190 to ₩1,305,227, citing shifts in expectations around discount rates and profitability. Valuation Changes Fair Value Estimate has increased from ₩1,281,190 to ₩1,305,227.
Analysis Article • Nov 05

Does This Valuation Of Hanwha Aerospace Co., Ltd. (KRX:012450) Imply Investors Are Overpaying?

Key Insights The projected fair value for Hanwha Aerospace is ₩768,158 based on 2 Stage Free Cash Flow to Equity Hanwha...
Narrative Update • Oct 23

Analysts Adjust Hanwha Aerospace Valuation Amid Slight Shifts in Growth and Profit Forecasts

Analysts have slightly lowered their price target for Hanwha Aerospace from ₩1,282,750 to ₩1,281,190, citing modest adjustments in revenue growth forecasts and profit margin assumptions. Valuation Changes Fair Value: Decreased marginally from ₩1,282,750 to ₩1,281,190.
Analysis Article • Oct 18

Should You Investigate Hanwha Aerospace Co., Ltd. (KRX:012450) At ₩912,000?

Hanwha Aerospace Co., Ltd. ( KRX:012450 ) saw a decent share price growth of 13% on the KOSE over the last few months...
Narrative Update • Oct 09

New Contracts In Poland, Australia, And Egypt Set To Boost Future Operations

Analysts have raised their price target for Hanwha Aerospace from ₩1,264,250 to ₩1,282,750, citing marginally improved revenue growth and profit margin forecasts. Valuation Changes Fair Value increased slightly from ₩1,264,250 to ₩1,282,750.
Analysis Article • Sep 30

Revenues Not Telling The Story For Hanwha Aerospace Co., Ltd. (KRX:012450) After Shares Rise 25%

Despite an already strong run, Hanwha Aerospace Co., Ltd. ( KRX:012450 ) shares have been powering on, with a gain of...
Narrative Update • Sep 05

New Contracts In Poland, Australia, And Egypt Set To Boost Future Operations

Hanwha Aerospace’s valuation has improved, as evidenced by a lower future P/E ratio, while profitability has held steady and the analyst price target remains unchanged at ₩1,264,250. What's in the News Hanwha Aerospace completed a KRW 2.92 trillion follow-on equity offering, including common shares for an ESOP and rights offering at KRW 684,000 per share with a KRW 1,710 discount per share.
Analysis Article • Aug 05

The Price Is Right For Hanwha Aerospace Co., Ltd. (KRX:012450)

KOSE:A012450 1 Year Share Price vs Fair Value Explore Hanwha Aerospace's Fair Values from the Community and select...
Analysis Article • Jul 17

Should You Be Adding Hanwha Aerospace (KRX:012450) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
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New Narrative • Nov 13

Streamlined Operations And Global Demand Propel Growth In The Land Systems Division

Spin-off into distinct units streamlines operations, enhancing focus on core businesses and potentially improving efficiencies and margins.

Earnings and Revenue Growth Forecasts

KOSE:A012450 - Analysts future estimates and past financials data (KRW Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202836,268,0093,155,2763,578,6005,037,10014
12/31/202734,252,7642,931,9012,417,8104,986,64420
12/31/202630,169,7572,337,7861,162,3903,392,32018
3/31/202626,969,7041,606,161500,6842,503,005N/A
12/31/202526,702,9011,404,9622,075,9424,049,805N/A
9/30/202523,106,6842,591,9161,106,9342,432,736N/A
6/30/202519,251,4202,414,5561,761,5142,802,889N/A
3/31/202515,275,2102,355,502793,7291,648,494N/A
12/31/202411,240,1212,270,338665,7831,392,973N/A
9/30/20249,511,797598,055-918,586-296,982N/A
6/30/20248,505,685250,189-579,04285,006N/A
3/31/20247,300,903307,1491,055,5981,658,103N/A
12/31/20237,889,687739,326819,0561,390,220N/A
9/30/20237,388,369605,7291,725,4242,279,444N/A
6/30/20237,274,838713,4501,743,1692,194,808N/A
3/31/20237,931,707554,851874,0511,285,637N/A
12/31/20227,060,393169,4631,179,5541,524,327N/A
9/30/20226,229,545150,814376,007697,264N/A
6/30/20226,062,313122,807715,0601,039,823N/A
3/31/20225,495,62992,897193,674537,864N/A
12/31/20215,541,389160,614665,147990,006N/A
9/30/20215,501,078195,17629,877337,054N/A
6/30/20215,533,877195,259-53,319239,941N/A
3/31/20215,506,412223,403156,582459,882N/A
12/31/20205,321,444121,426106,329434,750N/A
9/30/20205,195,35072,814314,789647,387N/A
6/30/20205,130,711108,528326,035668,201N/A
3/31/20205,336,671129,587354,955671,268N/A
12/31/20195,264,114132,205N/A715,143N/A
9/30/20195,319,883179,775N/A549,482N/A
6/30/20195,047,37089,806N/A459,793N/A
3/31/20194,660,04562,733N/A206,288N/A
12/31/20184,453,17732,328N/A56,343N/A
9/30/20184,335,503-80,852N/A233,826N/A
6/30/20184,164,149-85,299N/A145,832N/A
3/31/20184,189,150-99,079N/A-114,341N/A
12/31/20174,215,471-48,246N/A-9,741N/A
9/30/20173,847,57397,977N/A-262,896N/A
6/30/20173,866,254144,898N/A-12,097N/A
3/31/20173,650,592159,070N/A86,668N/A
12/31/20163,518,877345,223N/A196,055N/A
9/30/20163,106,530257,706N/A66,259N/A
6/30/20162,867,219262,407N/A52,309N/A
3/31/20162,653,805183,627N/A-47,115N/A
12/31/20152,613,4065,737N/A-37,530N/A
9/30/20152,540,750-101,891N/A-53,201N/A
6/30/20152,497,749-129,133N/A47,509N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A012450's forecast earnings growth (22.9% per year) is above the savings rate (3.1%).

Earnings vs Market: A012450's earnings (22.9% per year) are forecast to grow slower than the KR market (31.6% per year).

High Growth Earnings: A012450's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A012450's revenue (11% per year) is forecast to grow slower than the KR market (15.9% per year).

High Growth Revenue: A012450's revenue (11% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A012450's Return on Equity is forecast to be high in 3 years time (21.7%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 07:35
End of Day Share Price 2026/06/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hanwha Aerospace Co., Ltd. is covered by 35 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kyung Jae HwangBofA Global Research
Tae-Hwan LeeDaishin Securities Co. Ltd.
Gang Ho ParkDaishin Securities Co. Ltd.