Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩125,900, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 12x in the Hospitality industry in South Korea. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩113,500, the stock trades at a trailing P/E ratio of 46x. Average trailing P/E is 13x in the Hospitality industry in South Korea. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩134,300, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 16x in the Hospitality industry in South Korea. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩128,100, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 16x in the Hospitality industry in South Korea. Total returns to shareholders of 165% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of ₩360 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩136,200, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 15x in the Hospitality industry in South Korea. Total returns to shareholders of 206% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩135,900, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 16x in the Hospitality industry in South Korea. Total returns to shareholders of 236% over the past three years. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (60% net profit margin). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩131,600, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 15x in the Hospitality industry in South Korea. Total returns to shareholders of 243% over the past three years. New Risk • Nov 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 60% Last year net profit margin: 154% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (60% net profit margin). Buy Or Sell Opportunity • Sep 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₩113,500. The fair value is estimated to be ₩143,754, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 4.7%. Buy Or Sell Opportunity • Aug 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to ₩109,650. The fair value is estimated to be ₩141,833, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 4.7%. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩130,400, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 16x in the Hospitality industry in South Korea. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₩152,200, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 15x in the Hospitality industry in South Korea. Total returns to shareholders of 174% over the past three years. Annonce • May 16
Hanjin Kal (KOSE:A180640) agreed to acquire an additional 12.19% stake in Jungseok Enterprise Co. Ltd. Hanjin Kal (KOSE:A180640) agreed to acquire an additional 12.19% stake in Jungseok Enterprise Co. Ltd. on May 15, 2025. A cash consideration valued at KRW 346,000 per share will be paid by Hanjin Kal. Upon completion, Hanjin Kal will own 60.49% stake in Jungseok Enterprise Co. Ltd.
The expected completion of the transaction is June 16, 2025. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to ₩115,900, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 12x in the Hospitality industry in South Korea. Total returns to shareholders of 109% over the past three years. Annonce • Feb 27
Hanjin Kal, Annual General Meeting, Mar 26, 2025 Hanjin Kal, Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 63, namdaemun-ro, jung-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩300 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩88,300, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the Hospitality industry in South Korea. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩59,600, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 7x in the Airlines industry in South Korea. Total returns to shareholders of 3.3% over the past three years. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩5,756 (vs ₩6,380 in FY 2022) Full year 2023 results: EPS: ₩5,756 (down from ₩6,380 in FY 2022). Revenue: ₩275.7b (up 38% from FY 2022). Net income: ₩385.1b (down 11% from FY 2022). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩59,500, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 6x in the Airlines industry in South Korea. Total returns to shareholders of 1.5% over the past three years. Annonce • Feb 23
Hanjin Kal, Annual General Meeting, Mar 21, 2024 Hanjin Kal, Annual General Meeting, Mar 21, 2024. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩71,800, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 6x in the Airlines industry in South Korea. Total returns to shareholders of 20% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩170 per share at 0.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 2.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩52,500, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 9x in the Airlines industry in South Korea. Total loss to shareholders of 32% over the past three years. New Risk • Aug 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 123% Last year net profit margin: 247% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (123% net profit margin). Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩49,250, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 13x in the Airlines industry in Asia. Total loss to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩50,800, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 13x in the Airlines industry in Asia. Total loss to shareholders of 43% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩6,380 (vs ₩2,163 in FY 2021) Full year 2022 results: EPS: ₩6,380 (up from ₩2,163 in FY 2021). Revenue: ₩200.3b (up 35% from FY 2021). Net income: ₩430.1b (up 185% from FY 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩49,800, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 9x in the Airlines industry in Asia. Total returns to shareholders of 73% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩41,000 Up from ₩29,750, the current price target is provided by 1 analyst. New target price is 26% below last closing price of ₩55,600. Stock is down 0.2% over the past year. The company is forecast to post a net loss per share of ₩994 compared to earnings per share of ₩257 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • May 07
Consensus EPS estimates fall to -₩797 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₩620.1m to ₩563.7m. Losses expected to increase from -₩21.12 to -₩797. Airlines industry in South Korea expected to see average net income growth of 114% next year. Consensus price target up from ₩29,750 to ₩32,000. Share price fell 7.6% to ₩51,300 over the past week. Is New 90 Day High Low • Feb 17
New 90-day low: ₩58,800 The company is down 20% from its price of ₩73,700 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩110,639 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩255 Per Share Will be paid on the 27th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.5% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.4%). Is New 90 Day High Low • Dec 22
New 90-day low: ₩60,000 The company is down 16% from its price of ₩71,700 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩126,694 per share. Is New 90 Day High Low • Dec 07
New 90-day low: ₩66,900 The company is down 10.0% from its price of ₩74,500 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩104,457 per share. Price Target Changed • Nov 20
Price target lowered to ₩32,000 Down from ₩34,933, the current price target is an average from 3 analysts. The new target price is 57% below the current share price of ₩73,700. As of last close, the stock is up 124% over the past year. Is New 90 Day High Low • Nov 05
New 90-day high: ₩84,800 The company is up 1.0% from its price of ₩83,900 on 07 August 2020. The South Korean market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Airlines industry, which is down 1.0% over the same period. Major Estimate Revision • Sep 24
Analysts update estimates The 2020 consensus revenue estimate was lowered from ₩812.6m to ₩514.2m. Earnings per share (EPS) saw an improvement, with analysts raising their estimates from -₩2,653 to -₩2,558 for the same period. The Airlines industry in South Korea is expected to see an average net income growth of 1.7% next year. The consensus price target of ₩33,500 was unchanged from the last update. Share price is down by 7.6% to ₩71,700 over the past week. Is New 90 Day High Low • Sep 24
New 90-day low: ₩71,700 The company is down 12% from its price of ₩81,700 on 25 June 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is down 8.0% over the same period. 
