Hanon Systems（A018880）株式概要ハノンシステムズは韓国、欧州、アジア、米国の自動車市場に熱・エネルギー管理ソリューションを提供している。 詳細A018880 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長3/6過去の実績0/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より51.8%で取引されている 収益は年間66.99%増加すると予測されています リスク分析過去1年間で株主の希薄化は大幅に進んだ 利払いは収益で十分にカバーされない すべてのリスクチェックを見るA018880 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₩Current Price₩5.05k32.1% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-386b14t2016201920222025202620282031Revenue ₩13.5tEarnings ₩884.4bAdvancedSet Fair ValueView all narrativesHanon Systems 競合他社SLSymbol: KOSE:A005850Market cap: ₩3.5tHL MandoSymbol: KOSE:A204320Market cap: ₩3.0tDN AutomotiveSymbol: KOSE:A007340Market cap: ₩2.4tHyundai WiaSymbol: KOSE:A011210Market cap: ₩2.4t価格と性能株価の高値、安値、推移の概要Hanon Systems過去の株価現在の株価₩5,050.0052週高値₩5,860.0052週安値₩2,755.00ベータ1.061ヶ月の変化19.39%3ヶ月変化2.12%1年変化64.23%3年間の変化-46.28%5年間の変化-70.21%IPOからの変化4,950.00%最新ニュースPrice Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% 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: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).お知らせ • Apr 15Hanon Systems to Report Q1, 2026 Results on Apr 30, 2026Hanon Systems announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Apr 01Hanon Systems Supplies Highly Integrated Cooling Entity for Electric VehiclesHanon Systems announced the company is supplying its innovative highly integrated cooling entity for electric vehicles. The very compact and multifunctional thermal management module is designed to integrate several components – including the innovative eCompressor, electronic expansion valve block, a combined water-cooled condenser, and internal heat exchanger, chiller, A/C lines, and pressure and temperature sensors – into a single high power-density solution that reduces system complexity, improves thermal performance, and enhances energy utilization, contributing to extended driving range. The highly integrated cooling entity developed by Hanon Systems was first deployed in BMW's fully electric iX3 SUV model. Designed for electric vehicles, the highly integrated cooling entity manages the thermal needs of multiple vehicle subsystems through an intelligent thermal management module. Weighing only 16 kg (35lbs), the system dynamically regulates refrigerant flow and temperature to optimally support real-time demands such a fast charging, high-performance driving, and extreme weather, all while minimizing energy usage. In addition, the module includes design elements related to noise, vibration and harshness (NVH), such as vibration isolation components and a sound cover. This design facilitates scalable production and efficient vehicle assembly, supporting adaptability to a wide range of battery electric vehicles platforms.Buy Or Sell Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock has risen 30% to ₩3,850. The fair value is estimated to be ₩4,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company became loss making.New Risk • Feb 19New minor risk - Share price stabilityThe 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: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).最新情報をもっと見るRecent updatesPrice Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% 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: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).お知らせ • Apr 15Hanon Systems to Report Q1, 2026 Results on Apr 30, 2026Hanon Systems announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Apr 01Hanon Systems Supplies Highly Integrated Cooling Entity for Electric VehiclesHanon Systems announced the company is supplying its innovative highly integrated cooling entity for electric vehicles. The very compact and multifunctional thermal management module is designed to integrate several components – including the innovative eCompressor, electronic expansion valve block, a combined water-cooled condenser, and internal heat exchanger, chiller, A/C lines, and pressure and temperature sensors – into a single high power-density solution that reduces system complexity, improves thermal performance, and enhances energy utilization, contributing to extended driving range. The highly integrated cooling entity developed by Hanon Systems was first deployed in BMW's fully electric iX3 SUV model. Designed for electric vehicles, the highly integrated cooling entity manages the thermal needs of multiple vehicle subsystems through an intelligent thermal management module. Weighing only 16 kg (35lbs), the system dynamically regulates refrigerant flow and temperature to optimally support real-time demands such a fast charging, high-performance driving, and extreme weather, all while minimizing energy usage. In addition, the module includes design elements related to noise, vibration and harshness (NVH), such as vibration isolation components and a sound cover. This design facilitates scalable production and efficient vehicle assembly, supporting adaptability to a wide range of battery electric vehicles platforms.Buy Or Sell Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock has risen 30% to ₩3,850. The fair value is estimated to be ₩4,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company became loss making.New Risk • Feb 19New minor risk - Share price stabilityThe 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: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).お知らせ • Feb 13Hanon Systems, Annual General Meeting, Mar 26, 2026Hanon Systems, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Korea分析記事 • Feb 03Investors Appear Satisfied With Hanon Systems' (KRX:018880) ProspectsWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...Buy Or Sell Opportunity • Jan 26Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to ₩3,305. The fair value is estimated to be ₩4,186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jan 20Hanon Systems to Report Fiscal Year 2025 Results on Feb 03, 2026Hanon Systems announced that they will report fiscal year 2025 results at 3:00 PM, Korea Standard Time on Feb 03, 2026New Risk • Jan 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding).分析記事 • Dec 12An Intrinsic Calculation For Hanon Systems (KRX:018880) Suggests It's 28% UndervaluedKey Insights The projected fair value for Hanon Systems is ₩4,982 based on 2 Stage Free Cash Flow to Equity Hanon...分析記事 • Nov 27When Should You Buy Hanon Systems (KRX:018880)?While Hanon Systems ( KRX:018880 ) might not have the largest market cap around , it led the KOSE gainers with a...Reported Earnings • Nov 19Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₩81.00 (up from ₩26.35 loss in 3Q 2024). Revenue: ₩2.71t (up 8.2% from 3Q 2024). Net income: ₩54.7b (up ₩68.9b from 3Q 2024). Profit margin: 2.0% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Nov 13Now 21% undervaluedOver the last 90 days, the stock has risen 28% to ₩4,050. The fair value is estimated to be ₩5,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Nov 05Hanon Systems Joins Hankook & Company Group to Showcase Thermal Management Technologies At Apex 2025Hanon Systems announced that it will participate in the AAPEX 2025 exhibition in Las Vegas, USA, from November 4 to 6, marking the company's first joint exhibition with Hankook & Company Group affiliates. Through this platform, Hanon Systems aims to showcase its latest advancements in thermal management solutions, reinforcing its position as a global leader in automotive innovation that supports both OEMs and the aftermarket. Participation with Hankook & Company group affiliates also serves to strengthen brand awareness and foster strategic partnerships across North and Latin American markets. The Hanon Systems exhibition area will feature six themed zones: HVAC systems, compressors, coolant and refrigerant modules, heat exchangers, electronic & fluid pressure products, and PACE award-winning technologies. At the booth entrance, a vehicle mock-up will demonstrate the Group's comprehensive integrated solutions, incorporating Hanon Systems' 4th-generation heat pump system, Hankook Tire's iON evo formula E edition, and Hankook & Company's ES Division AGM battery. Hanon Systems' 4th -generation heat pump system, first applied to the Kia EV3, is the world's first to feature a parallel heat-source recovery structure that simultaneously utilizes ambient air and waste heat from the motor and battery. This innovation design enhances cabin comfort and battery thermal efficiency, contributing to extended driving range for electric vehicles (EVs). An advanced controller further optimizes performance by integrating hardware and software to efficiently manage the vehicle's thermal system. The booth will also showcase a range of eco-friendly EV components utilizing natural refrigerants, including Hanon Systems' R744-based electric compressor and R290-based refrigerant modules. The R744 electric compressor, supplied to the Volkswagen Group's MEB platform, achieved a major production milestone of one million units in September 2025. In the PACE Award zone, visitors can see the company's visible-light LED photocatalyst HVAC technology, designed to enhance in-vehicle air quality through advanced sterilization and deodorization. This innovative delivers 98.5% sterilization and 97.5% deodorization efficiency, while generating zero electromagnetic interference and offering semi-per permanent durability compared with conventional ionizers.Price Target Changed • Nov 04Price target increased by 10% to ₩3,628Up from ₩3,284, the current price target is an average from 20 analysts. New target price is 18% below last closing price of ₩4,430. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₩60.39 next year compared to a net loss per share of ₩659 last year.New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.8% 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: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding).分析記事 • Oct 16Investors Still Waiting For A Pull Back In Hanon Systems (KRX:018880)With a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...お知らせ • Oct 15Hanon Systems to Report Q3, 2025 Results on Oct 29, 2025Hanon Systems announced that they will report Q3, 2025 results on Oct 29, 2025お知らせ • Sep 24Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion.Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 278,000,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Security Name: Common Stock Security Type: Common Stock Securities Offered: 69,500,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Transaction Features: ESOP Related Offering; Rights Offering分析記事 • Sep 16Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...Price Target Changed • Aug 20Price target decreased by 7.9% to ₩3,433Down from ₩3,728, the current price target is an average from 18 analysts. New target price is 5.4% below last closing price of ₩3,630. Stock is down 11% over the past year. The company is forecast to post a net loss per share of ₩67.75 next year compared to a net loss per share of ₩659 last year.Major Estimate Revision • Aug 16Consensus estimates of losses per share improve by 50%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩10.5b to ₩10.8b. EPS estimate increased from -₩89.92 per share to -₩45.00 per share. Auto Components industry in South Korea expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at ₩3,711. Share price fell 7.7% to ₩3,160 over the past week.お知らせ • Aug 07Hanon Systems to Report First Half, 2025 Results on Aug 14, 2025Hanon Systems announced that they will report first half, 2025 results on Aug 14, 2025分析記事 • Aug 01Hanon Systems (KRX:018880) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Major Estimate Revision • May 09Consensus EPS estimates fall by 66%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -₩57.21 to -₩94.81 per share. Revenue forecast unchanged at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 8.6% next year. Consensus price target broadly unchanged at ₩3,995. Share price fell 5.1% to ₩3,335 over the past week.Major Estimate Revision • Apr 24Consensus EPS estimates upgraded to ₩57.21 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -₩63.73 to -₩57.21 per share. Revenue forecast steady at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at ₩4,080. Share price rose 5.0% to ₩3,555 over the past week.お知らせ • Apr 18Hanon Systems to Report Q1, 2025 Results on May 08, 2025Hanon Systems announced that they will report Q1, 2025 results on May 08, 2025分析記事 • Apr 09Hanon Systems' (KRX:018880) Share Price Is Still Matching Investor Opinion Despite 25% SlumpThe Hanon Systems ( KRX:018880 ) share price has fared very poorly over the last month, falling by a substantial 25...Reported Earnings • Mar 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: ₩659 loss per share (down from ₩109 profit in FY 2023). Revenue: ₩10.00t (up 5.0% from FY 2023). Net loss: ₩353.9b (down ₩412.0b from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.お知らせ • Mar 01Hanon Systems, Annual General Meeting, Mar 31, 2025Hanon Systems, Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Koreaお知らせ • Feb 17Hanon Systems Provides Earnings Guidance for the Full Year 2025Hanon Systems provided earnings guidance for the full year 2025. The company expects that there will be no difficulty achieving sales exceeding KRW 10 trillion in 2025, and the operating margin is expected to improve gradually. In 2025, the company will continue improving profitability and cash flow, strengthening accountability in management through the rollout of a new regional organization structure, and enhancing management efficiency through successful integration. The company has established specific implementation plans to achieve these goals.Board Change • Feb 01High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Outside Director Lee Paik is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Jan 26Hanon Systems to Report Q4, 2024 Results on Feb 13, 2025Hanon Systems announced that they will report Q4, 2024 results on Feb 13, 2025New Risk • Jan 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).お知らせ • Jan 07Hanon Systems Appoints Soo Il Lee as CEOOn January 3, 2025, Hanon Systems held an extraordinary general meeting at its headquarters in Daejeon, South Korea, appointing Soo Il Lee, Vice Chairman of Hankook Tire, as its new CEO. With a 37-year career at Hankook Tire, Mr. Lee is seen as the ideal leader to integrate Hankook & Company Group's successful DNA into Hanon Systems. Joining Hankook Tire in 1987, he held various executive positions such as Head of Marketing, Americas Regional Director, China Regional Director, and Business Operations Director. He served as President & CEO from 2018 and as Vice Chairman from 2024.お知らせ • Dec 25Hanon Systems announced that it has received KRW 600.000002728 billion in funding from Hankook Tire & Technology Co., Ltd.On December 23, 2024, the company has closed the transaction.Upcoming Dividend • Dec 20Upcoming dividend of ₩68.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 18 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.7%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.6%).分析記事 • Dec 14Hanon Systems (KRX:018880) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Nov 23Market Participants Recognise Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...Price Target Changed • Nov 14Price target decreased by 7.6% to ₩4,673Down from ₩5,059, the current price target is an average from 22 analysts. New target price is 13% above last closing price of ₩4,145. Stock is down 42% over the past year. The company is forecast to post earnings per share of ₩15.82 for next year compared to ₩95.54 last year.分析記事 • Nov 01Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...分析記事 • Sep 09Is Hanon Systems (KRX:018880) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Aug 16Investors Interested In Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...Price Target Changed • Aug 10Price target decreased by 7.9% to ₩5,630Down from ₩6,117, the current price target is an average from 23 analysts. New target price is 48% above last closing price of ₩3,800. Stock is down 60% over the past year. The company is forecast to post earnings per share of ₩73.23 for next year compared to ₩95.54 last year.Major Estimate Revision • Aug 09Consensus EPS estimates fall by 82%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩262 to ₩46.97 per share. Revenue forecast steady at ₩9.91b. Net income forecast to grow 520% next year vs 21% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩6,210 to ₩5,804. Share price fell 13% to ₩3,800 over the past week.お知らせ • Aug 08Hanon Systems Develops First 4th Generation Heat Pump System for Electric VehiclesHanon Systems has announced the development of the world's first 4th generation heat pump system, a key thermal management component for electric vehicles (EVs). The 4th generation heat pump system has been commercially available since July. The company's 4th generation heat pump system is the first to employ a parallel heat source recovery method, utilizing waste heat from the motor and battery as well as heat from external air. The recovered heat is used for both heating and cooling, as well as battery temperature management, significantly enhancing EV driving range. This modular heat pump system incorporates multiple new features that represent patented or patent pending technologies, demonstrating the thermal management leadership of Hanon Systems. The system integrates the Refrigerant Control Module (RCM) and the Coolant Control Module (CCM) into a unified control unit, allowing comprehensive management of the entire thermal system. Additionally, Hanon Systems has introduced Thin HVAC (Heating, Ventilation, and Air Conditioning). technology, a world first. Thin HVAC, as the name suggests, refers to a 'reduced' HVAC system. By reducing the overall HVAC system size by approximately 30%, it minimizes the exposure of the HVAC system area under the cockpit (dashboard component module), providing more legroom for passengers. This technology also ensures a comfortable and pleasant driving experience.お知らせ • Jul 17Hanon Systems to Report Q2, 2024 Results on Aug 08, 2024Hanon Systems announced that they will report Q2, 2024 results on Aug 08, 2024New Risk • May 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 0.5% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin).Major Estimate Revision • May 11Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩378 to ₩291 per share. Revenue forecast steady at ₩9.89b. Net income forecast to grow 219% next year vs 49% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩6,796. Share price fell 12% to ₩5,710 over the past week.Buy Or Sell Opportunity • May 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩5,620. The fair value is estimated to be ₩7,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 49% per annum over the same time period.分析記事 • May 05Getting In Cheap On Hanon Systems (KRX:018880) Might Be DifficultHanon Systems' ( KRX:018880 ) price-to-earnings (or "P/E") ratio of 67.9x might make it look like a strong sell right...Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩6,470, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,800 per share.分析記事 • Apr 22Be Wary Of Hanon Systems (KRX:018880) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...お知らせ • Apr 19Hanon Systems to Report Q1, 2024 Results on May 09, 2024Hanon Systems announced that they will report Q1, 2024 results on May 09, 2024Valuation Update With 7 Day Price Move • Apr 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩5,020, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,006 per share.分析記事 • Apr 06Is There Now An Opportunity In Hanon Systems (KRX:018880)?Hanon Systems ( KRX:018880 ), is not the largest company out there, but it received a lot of attention from a...分析記事 • Mar 23Is Hanon Systems (KRX:018880) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Upcoming Dividend • Mar 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.2%).Price Target Changed • Mar 18Price target decreased by 8.2% to ₩7,471Down from ₩8,143, the current price target is an average from 20 analysts. New target price is 26% above last closing price of ₩5,940. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩395 for next year compared to ₩95.54 last year.Reported Earnings • Mar 09Full year 2023 earnings released: EPS: ₩96.00 (vs ₩38.00 in FY 2022)Full year 2023 results: EPS: ₩96.00 (up from ₩38.00 in FY 2022). Revenue: ₩9.56t (up 11% from FY 2022). Net income: ₩51.0b (up 150% from FY 2022). Profit margin: 0.5% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.お知らせ • Feb 15Hanon Systems, Annual General Meeting, Mar 28, 2024Hanon Systems, Annual General Meeting, Mar 28, 2024, at 09:00 Korea Standard Time. Location: The main conference room of the executive office at the headquarters of Hanon Systems Shinilseo-ro 95, Daedeok-gu, Daejeon, Korea Daejeon South Korea Agenda: To consider the Audit report, Business report; to consider Report on the operating condition of the internal accounting control system; to consider and approve Financial Statements and allocation of Retained Earnings; to consider and elect three non-executive directors, and three outside directors; to consider and elect two Audit Committee members; and to consider and approve 2024 total remuneration limit for directors.Major Estimate Revision • Feb 15Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩468 to ₩328 per share. Revenue forecast steady at ₩9.87b. Net income forecast to grow 158% next year vs 66% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩7,896 to ₩7,718. Share price was steady at ₩6,370 over the past week.Buy Or Sell Opportunity • Feb 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ₩6,380. The fair value is estimated to be ₩8,004, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 52% per annum over the same time period.Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Vice Chairman & Executive Advisor Jay Son was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Jan 25Hanon Systems to Report Q4, 2023 Results on Feb 14, 2024Hanon Systems announced that they will report Q4, 2023 results at 3:00 PM, Korea Standard Time on Feb 14, 2024お知らせ • Jan 24Hanon Systems Production of R744 eCompressors Surpasses 500,000 Units in PortugalHanon Systems announced its automotive compressor plant in Palmela, Portugal, has surpassed a milestone production level of more than 500,000 electric compressors (eCompressors) designed specifically for use with R744, an environmentally friendly refrigerant. The Palmela plant is located in the Setúbal District, about 25 kilometers (16 miles) south of Lisbon, the capital city of Portugal. It opened in 1998 producing mechanical scroll compressors and production of its first eCompressor began in 2009. In 2018, the plant expanded with a new two-story construction adding approximately 10,000 square meters (108,000 square feet) of space and increasing the annual production capacity to support the industry's migration toward e mobility and address the demand for eCompressors. High volume manufacturing of the R744 eCompressor began at the Palmela plant in late-2019. R744 is an environmentally-friendly alternative to traditional refrigerants with a global warming potential (GWP) of one. Often referred to as carbon dioxide or CO2, R744 is preferred by certain automakers, primarily in Europe, for its improved heating performance in heat pump systems, which is quickly becoming mainstream technology in battery electric vehicle (BEV) applications. Hanon Systems has decades of experience developing thermal solutions that operate with various refrigerants. Aside from R744 solutions, others include R290 (also known as propane), and traditional refrigerants such as R134a and R1234yf.Buying Opportunity • Jan 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ₩8,212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.Upcoming Dividend • Dec 20Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.0%).Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be ₩8,749, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.New Risk • Nov 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 255% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).Buying Opportunity • Nov 12Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be ₩9,319, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.お知らせ • Oct 27Hanon Systems to Report Q3, 2023 Final Results on Nov 09, 2023Hanon Systems announced that they will report Q3, 2023 final results on Nov 09, 2023Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩7,820, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,914 per share.Upcoming Dividend • Sep 19Upcoming dividend of ₩90.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 26 September 2023. Payment date: 23 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.4%). Higher than average of industry peers (2.0%).Major Estimate Revision • Aug 12Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩447 to ₩548. Revenue forecast steady at ₩9.56b. Net income forecast to grow 571% next year vs 39% growth forecast for Auto Components industry in South Korea. Consensus price target up from ₩10,224 to ₩10,805. Share price rose 13% to ₩9,610 over the past week.お知らせ • Aug 02Hanon Systems Has Announces Executive ChangesHanon Systems has announced the resignation of Min Suk Sung from the position of CEO. The company is planning to name Nurdal Kucukkaya and Ramachandran (Subu) Nagasubramony as co-CEOs to head the company, pending board of director approval to be confirmed at the upcoming regular meeting on August 10. Kucukkaya is serving as a representative executive officer of the company and Nagasubramony is serving as the company's chief financial officer (CFO) since January 1, 2019.お知らせ • Jul 31Hanon Systems Announces the Resignation of Min Suk Sung as CEOHanon Systems announced that CEO, Min Suk Sung has tendered his resignation, effective July 31, 2023.Upcoming Dividend • Jun 22Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.1%).Major Estimate Revision • May 12Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩9.09b to ₩9.32b. EPS estimate fell from ₩505 to ₩427 per share. Net income forecast to grow 1,025% next year vs 37% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,795. Share price rose 3.9% to ₩9,690 over the past week.Reported Earnings • Mar 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₩38.00 (down from ₩578 in FY 2021). Revenue: ₩8.63t (up 17% from FY 2021). Net income: ₩20.4b (down 93% from FY 2021). Profit margin: 0.2% (down from 4.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 77%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.2%).Major Estimate Revision • Feb 12Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩9.20b to ₩9.06b. EPS estimate also fell from ₩544 per share to ₩464 per share. Net income forecast to grow 45% next year vs 16% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,553. Share price fell 8.6% to ₩8,770 over the past week.お知らせ • Jan 19Hanon Systems to Report Q4, 2022 Results on Feb 09, 2023Hanon Systems announced that they will report Q4, 2022 results on Feb 09, 2023Upcoming Dividend • Dec 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.3%).Reported Earnings • Nov 18Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₩32.00 (down from ₩95.00 in 3Q 2021). Revenue: ₩2.20t (up 29% from 3Q 2021). Net income: ₩16.8b (down 67% from 3Q 2021). Profit margin: 0.8% (down from 3.0% in 3Q 2021). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.Price Target Changed • Nov 16Price target decreased to ₩10,018Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 15% above last closing price of ₩8,700. Stock is down 37% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.Price Target Changed • Nov 13Price target decreased to ₩10,500Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 27% above last closing price of ₩8,300. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.Major Estimate Revision • Nov 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.44b to ₩8.62b. EPS estimate fell from ₩328 to ₩232 per share. Net income forecast to grow 39% next year vs 30% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩11,383 to ₩11,041. Share price rose 4.6% to ₩8,190 over the past week.お知らせ • Oct 20Hanon Systems to Report Q3, 2022 Results on Nov 09, 2022Hanon Systems announced that they will report Q3, 2022 results on Nov 09, 2022Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩8,320, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,933 per share.Upcoming Dividend • Sep 22Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 24 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Within top quartile of South Korean dividend payers (3.1%). Higher than average of industry peers (2.1%).Buying Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be ₩13,626, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 40% in the next 2 years.Major Estimate Revision • Aug 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.17b to ₩8.42b. EPS estimate fell from ₩464 to ₩287 per share. Net income forecast to shrink 24% next year vs 27% growth forecast for Auto Components industry in South Korea . Consensus price target broadly unchanged at ₩12,311. Share price rose 2.3% to ₩11,000 over the past week.Price Target Changed • Jun 08Price target decreased to ₩13,760Down from ₩14,855, the current price target is an average from 20 analysts. New target price is 23% above last closing price of ₩11,200. Stock is down 35% over the past year. The company is forecast to post earnings per share of ₩502 for next year compared to ₩578 last year.お知らせ • Apr 20Hanon Systems to Report Q1, 2022 Results on May 11, 2022Hanon Systems announced that they will report Q1, 2022 results on May 11, 2022Buying Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ₩14,361, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 6.0%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Within top quartile of South Korean dividend payers (2.6%). Higher than average of industry peers (2.1%).株主還元A018880KR Auto ComponentsKR 市場7D0%1.5%4.6%1Y64.2%101.5%186.7%株主還元を見る業界別リターン: A018880過去 1 年間で101.5 % の収益を上げたKR Auto Components業界を下回りました。リターン対市場: A018880は、過去 1 年間で186.7 % のリターンを上げたKR市場を下回りました。価格変動Is A018880's price volatile compared to industry and market?A018880 volatilityA018880 Average Weekly Movement12.6%Auto Components Industry Average Movement8.7%Market Average Movement9.4%10% most volatile stocks in KR Market16.6%10% least volatile stocks in KR Market4.9%安定した株価: A018880 、 KR市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: A018880の 週次ボラティリティ ( 13% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19861,979Sooil Leewww.hanonsystems.comハノンシステムズは韓国、欧州、アジア、米国の自動車市場に熱・エネルギー管理ソリューションを提供している。同社は、暖房、換気、空調（HVAC）ソリューション、ラジエーター、冷却ファンとシュラウド、チャージエアクーラー、排気ガス再循環システム、電子クーラントポンプとバルブ、電子スロットルボディコントロール、電子ウェイストゲートアクチュエーター、蓄冷エバポレーターを提供している。また、トランスミッション熱管理システム、オートトランスミッションフルードウォーマー/クーラー、電子トランスミッションおよび高効率バイナリートランスミッションオイルポンプ、バッテリー熱管理およびヒートポンプシステム、高電圧冷却ファンモーター、遠心空気、固定斜板、回転吸引、可変斜板、電動コンプレッサーも提供している。さらに、冷媒ライン、クーラントライン、トランスミッションオイルクーラーライン、アキュムレーター、レシーバードライヤー、内部熱交換器、メタルシール継手などの流体輸送製品、HVACシステムを操作する自動および手動の前後温度制御装置、クラスターイオン発生装置、ラジエーター、コンデンサー、ファン、シュラウドなどの冷却モジュールも提供している。さらに、自動車部品の開発、技術相談、輸出にも携わっている。同社は以前、Halla Visteon Climate Control Corporationとして知られていたが、2015年8月にHanon Systemsに社名を変更した。ハノンシステムズは1986年に設立され、韓国のテジョンに本社を置いている。もっと見るHanon Systems 基礎のまとめHanon Systems の収益と売上を時価総額と比較するとどうか。A018880 基礎統計学時価総額₩5.18t収益（TTM）-₩107.92b売上高(TTM)₩11.01t0.5xP/Sレシオ-48.0xPER（株価収益率A018880 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計A018880 損益計算書（TTM）収益₩11.01t売上原価₩9.91t売上総利益₩1.11tその他の費用₩1.22t収益-₩107.92b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-105.16グロス・マージン10.06%純利益率-0.98%有利子負債／自己資本比率76.6%A018880 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 21:40終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Hanon Systems 18 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。30 アナリスト機関Paul HwangBarclaysSunho YunBofA Global ResearchP. K. ParkCGS International27 その他のアナリストを表示
Price Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.
New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% 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: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
お知らせ • Apr 15Hanon Systems to Report Q1, 2026 Results on Apr 30, 2026Hanon Systems announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Apr 01Hanon Systems Supplies Highly Integrated Cooling Entity for Electric VehiclesHanon Systems announced the company is supplying its innovative highly integrated cooling entity for electric vehicles. The very compact and multifunctional thermal management module is designed to integrate several components – including the innovative eCompressor, electronic expansion valve block, a combined water-cooled condenser, and internal heat exchanger, chiller, A/C lines, and pressure and temperature sensors – into a single high power-density solution that reduces system complexity, improves thermal performance, and enhances energy utilization, contributing to extended driving range. The highly integrated cooling entity developed by Hanon Systems was first deployed in BMW's fully electric iX3 SUV model. Designed for electric vehicles, the highly integrated cooling entity manages the thermal needs of multiple vehicle subsystems through an intelligent thermal management module. Weighing only 16 kg (35lbs), the system dynamically regulates refrigerant flow and temperature to optimally support real-time demands such a fast charging, high-performance driving, and extreme weather, all while minimizing energy usage. In addition, the module includes design elements related to noise, vibration and harshness (NVH), such as vibration isolation components and a sound cover. This design facilitates scalable production and efficient vehicle assembly, supporting adaptability to a wide range of battery electric vehicles platforms.
Buy Or Sell Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock has risen 30% to ₩3,850. The fair value is estimated to be ₩4,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Feb 19New minor risk - Share price stabilityThe 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: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
Price Target Changed • May 05Price target increased by 7.6% to ₩4,362Up from ₩4,055, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₩4,850. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩216 next year compared to a net loss per share of ₩292 last year.
New Risk • May 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% 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: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
お知らせ • Apr 15Hanon Systems to Report Q1, 2026 Results on Apr 30, 2026Hanon Systems announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Apr 01Hanon Systems Supplies Highly Integrated Cooling Entity for Electric VehiclesHanon Systems announced the company is supplying its innovative highly integrated cooling entity for electric vehicles. The very compact and multifunctional thermal management module is designed to integrate several components – including the innovative eCompressor, electronic expansion valve block, a combined water-cooled condenser, and internal heat exchanger, chiller, A/C lines, and pressure and temperature sensors – into a single high power-density solution that reduces system complexity, improves thermal performance, and enhances energy utilization, contributing to extended driving range. The highly integrated cooling entity developed by Hanon Systems was first deployed in BMW's fully electric iX3 SUV model. Designed for electric vehicles, the highly integrated cooling entity manages the thermal needs of multiple vehicle subsystems through an intelligent thermal management module. Weighing only 16 kg (35lbs), the system dynamically regulates refrigerant flow and temperature to optimally support real-time demands such a fast charging, high-performance driving, and extreme weather, all while minimizing energy usage. In addition, the module includes design elements related to noise, vibration and harshness (NVH), such as vibration isolation components and a sound cover. This design facilitates scalable production and efficient vehicle assembly, supporting adaptability to a wide range of battery electric vehicles platforms.
Buy Or Sell Opportunity • Mar 30Now 21% undervaluedOver the last 90 days, the stock has risen 30% to ₩3,850. The fair value is estimated to be ₩4,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Feb 19New minor risk - Share price stabilityThe 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: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
お知らせ • Feb 13Hanon Systems, Annual General Meeting, Mar 26, 2026Hanon Systems, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Korea
分析記事 • Feb 03Investors Appear Satisfied With Hanon Systems' (KRX:018880) ProspectsWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
Buy Or Sell Opportunity • Jan 26Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to ₩3,305. The fair value is estimated to be ₩4,186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jan 20Hanon Systems to Report Fiscal Year 2025 Results on Feb 03, 2026Hanon Systems announced that they will report fiscal year 2025 results at 3:00 PM, Korea Standard Time on Feb 03, 2026
New Risk • Jan 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding).
分析記事 • Dec 12An Intrinsic Calculation For Hanon Systems (KRX:018880) Suggests It's 28% UndervaluedKey Insights The projected fair value for Hanon Systems is ₩4,982 based on 2 Stage Free Cash Flow to Equity Hanon...
分析記事 • Nov 27When Should You Buy Hanon Systems (KRX:018880)?While Hanon Systems ( KRX:018880 ) might not have the largest market cap around , it led the KOSE gainers with a...
Reported Earnings • Nov 19Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₩81.00 (up from ₩26.35 loss in 3Q 2024). Revenue: ₩2.71t (up 8.2% from 3Q 2024). Net income: ₩54.7b (up ₩68.9b from 3Q 2024). Profit margin: 2.0% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Nov 13Now 21% undervaluedOver the last 90 days, the stock has risen 28% to ₩4,050. The fair value is estimated to be ₩5,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Nov 05Hanon Systems Joins Hankook & Company Group to Showcase Thermal Management Technologies At Apex 2025Hanon Systems announced that it will participate in the AAPEX 2025 exhibition in Las Vegas, USA, from November 4 to 6, marking the company's first joint exhibition with Hankook & Company Group affiliates. Through this platform, Hanon Systems aims to showcase its latest advancements in thermal management solutions, reinforcing its position as a global leader in automotive innovation that supports both OEMs and the aftermarket. Participation with Hankook & Company group affiliates also serves to strengthen brand awareness and foster strategic partnerships across North and Latin American markets. The Hanon Systems exhibition area will feature six themed zones: HVAC systems, compressors, coolant and refrigerant modules, heat exchangers, electronic & fluid pressure products, and PACE award-winning technologies. At the booth entrance, a vehicle mock-up will demonstrate the Group's comprehensive integrated solutions, incorporating Hanon Systems' 4th-generation heat pump system, Hankook Tire's iON evo formula E edition, and Hankook & Company's ES Division AGM battery. Hanon Systems' 4th -generation heat pump system, first applied to the Kia EV3, is the world's first to feature a parallel heat-source recovery structure that simultaneously utilizes ambient air and waste heat from the motor and battery. This innovation design enhances cabin comfort and battery thermal efficiency, contributing to extended driving range for electric vehicles (EVs). An advanced controller further optimizes performance by integrating hardware and software to efficiently manage the vehicle's thermal system. The booth will also showcase a range of eco-friendly EV components utilizing natural refrigerants, including Hanon Systems' R744-based electric compressor and R290-based refrigerant modules. The R744 electric compressor, supplied to the Volkswagen Group's MEB platform, achieved a major production milestone of one million units in September 2025. In the PACE Award zone, visitors can see the company's visible-light LED photocatalyst HVAC technology, designed to enhance in-vehicle air quality through advanced sterilization and deodorization. This innovative delivers 98.5% sterilization and 97.5% deodorization efficiency, while generating zero electromagnetic interference and offering semi-per permanent durability compared with conventional ionizers.
Price Target Changed • Nov 04Price target increased by 10% to ₩3,628Up from ₩3,284, the current price target is an average from 20 analysts. New target price is 18% below last closing price of ₩4,430. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₩60.39 next year compared to a net loss per share of ₩659 last year.
New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.8% 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: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding).
分析記事 • Oct 16Investors Still Waiting For A Pull Back In Hanon Systems (KRX:018880)With a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
お知らせ • Oct 15Hanon Systems to Report Q3, 2025 Results on Oct 29, 2025Hanon Systems announced that they will report Q3, 2025 results on Oct 29, 2025
お知らせ • Sep 24Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion.Hanon Systems has filed a Follow-on Equity Offering in the amount of KRW 900.025 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 278,000,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Security Name: Common Stock Security Type: Common Stock Securities Offered: 69,500,000 Price\Range: KRW 2590 Discount Per Security: KRW 10.36 Transaction Features: ESOP Related Offering; Rights Offering
分析記事 • Sep 16Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Price Target Changed • Aug 20Price target decreased by 7.9% to ₩3,433Down from ₩3,728, the current price target is an average from 18 analysts. New target price is 5.4% below last closing price of ₩3,630. Stock is down 11% over the past year. The company is forecast to post a net loss per share of ₩67.75 next year compared to a net loss per share of ₩659 last year.
Major Estimate Revision • Aug 16Consensus estimates of losses per share improve by 50%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩10.5b to ₩10.8b. EPS estimate increased from -₩89.92 per share to -₩45.00 per share. Auto Components industry in South Korea expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at ₩3,711. Share price fell 7.7% to ₩3,160 over the past week.
お知らせ • Aug 07Hanon Systems to Report First Half, 2025 Results on Aug 14, 2025Hanon Systems announced that they will report first half, 2025 results on Aug 14, 2025
分析記事 • Aug 01Hanon Systems (KRX:018880) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Major Estimate Revision • May 09Consensus EPS estimates fall by 66%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -₩57.21 to -₩94.81 per share. Revenue forecast unchanged at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 8.6% next year. Consensus price target broadly unchanged at ₩3,995. Share price fell 5.1% to ₩3,335 over the past week.
Major Estimate Revision • Apr 24Consensus EPS estimates upgraded to ₩57.21 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -₩63.73 to -₩57.21 per share. Revenue forecast steady at ₩10.5b. Auto Components industry in South Korea expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at ₩4,080. Share price rose 5.0% to ₩3,555 over the past week.
お知らせ • Apr 18Hanon Systems to Report Q1, 2025 Results on May 08, 2025Hanon Systems announced that they will report Q1, 2025 results on May 08, 2025
分析記事 • Apr 09Hanon Systems' (KRX:018880) Share Price Is Still Matching Investor Opinion Despite 25% SlumpThe Hanon Systems ( KRX:018880 ) share price has fared very poorly over the last month, falling by a substantial 25...
Reported Earnings • Mar 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: ₩659 loss per share (down from ₩109 profit in FY 2023). Revenue: ₩10.00t (up 5.0% from FY 2023). Net loss: ₩353.9b (down ₩412.0b from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 01Hanon Systems, Annual General Meeting, Mar 31, 2025Hanon Systems, Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 95, sinilseo-ro, daedeok-gu, daejeon South Korea
お知らせ • Feb 17Hanon Systems Provides Earnings Guidance for the Full Year 2025Hanon Systems provided earnings guidance for the full year 2025. The company expects that there will be no difficulty achieving sales exceeding KRW 10 trillion in 2025, and the operating margin is expected to improve gradually. In 2025, the company will continue improving profitability and cash flow, strengthening accountability in management through the rollout of a new regional organization structure, and enhancing management efficiency through successful integration. The company has established specific implementation plans to achieve these goals.
Board Change • Feb 01High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Outside Director Lee Paik is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Jan 26Hanon Systems to Report Q4, 2024 Results on Feb 13, 2025Hanon Systems announced that they will report Q4, 2024 results on Feb 13, 2025
New Risk • Jan 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).
お知らせ • Jan 07Hanon Systems Appoints Soo Il Lee as CEOOn January 3, 2025, Hanon Systems held an extraordinary general meeting at its headquarters in Daejeon, South Korea, appointing Soo Il Lee, Vice Chairman of Hankook Tire, as its new CEO. With a 37-year career at Hankook Tire, Mr. Lee is seen as the ideal leader to integrate Hankook & Company Group's successful DNA into Hanon Systems. Joining Hankook Tire in 1987, he held various executive positions such as Head of Marketing, Americas Regional Director, China Regional Director, and Business Operations Director. He served as President & CEO from 2018 and as Vice Chairman from 2024.
お知らせ • Dec 25Hanon Systems announced that it has received KRW 600.000002728 billion in funding from Hankook Tire & Technology Co., Ltd.On December 23, 2024, the company has closed the transaction.
Upcoming Dividend • Dec 20Upcoming dividend of ₩68.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 18 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.7%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.6%).
分析記事 • Dec 14Hanon Systems (KRX:018880) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Nov 23Market Participants Recognise Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
Price Target Changed • Nov 14Price target decreased by 7.6% to ₩4,673Down from ₩5,059, the current price target is an average from 22 analysts. New target price is 13% above last closing price of ₩4,145. Stock is down 42% over the past year. The company is forecast to post earnings per share of ₩15.82 for next year compared to ₩95.54 last year.
分析記事 • Nov 01Hanon Systems (KRX:018880) Is Finding It Tricky To Allocate Its CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
分析記事 • Sep 09Is Hanon Systems (KRX:018880) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Aug 16Investors Interested In Hanon Systems' (KRX:018880) RevenuesWith a median price-to-sales (or "P/S") ratio of close to 0.2x in the Auto Components industry in Korea, you could be...
Price Target Changed • Aug 10Price target decreased by 7.9% to ₩5,630Down from ₩6,117, the current price target is an average from 23 analysts. New target price is 48% above last closing price of ₩3,800. Stock is down 60% over the past year. The company is forecast to post earnings per share of ₩73.23 for next year compared to ₩95.54 last year.
Major Estimate Revision • Aug 09Consensus EPS estimates fall by 82%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩262 to ₩46.97 per share. Revenue forecast steady at ₩9.91b. Net income forecast to grow 520% next year vs 21% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩6,210 to ₩5,804. Share price fell 13% to ₩3,800 over the past week.
お知らせ • Aug 08Hanon Systems Develops First 4th Generation Heat Pump System for Electric VehiclesHanon Systems has announced the development of the world's first 4th generation heat pump system, a key thermal management component for electric vehicles (EVs). The 4th generation heat pump system has been commercially available since July. The company's 4th generation heat pump system is the first to employ a parallel heat source recovery method, utilizing waste heat from the motor and battery as well as heat from external air. The recovered heat is used for both heating and cooling, as well as battery temperature management, significantly enhancing EV driving range. This modular heat pump system incorporates multiple new features that represent patented or patent pending technologies, demonstrating the thermal management leadership of Hanon Systems. The system integrates the Refrigerant Control Module (RCM) and the Coolant Control Module (CCM) into a unified control unit, allowing comprehensive management of the entire thermal system. Additionally, Hanon Systems has introduced Thin HVAC (Heating, Ventilation, and Air Conditioning). technology, a world first. Thin HVAC, as the name suggests, refers to a 'reduced' HVAC system. By reducing the overall HVAC system size by approximately 30%, it minimizes the exposure of the HVAC system area under the cockpit (dashboard component module), providing more legroom for passengers. This technology also ensures a comfortable and pleasant driving experience.
お知らせ • Jul 17Hanon Systems to Report Q2, 2024 Results on Aug 08, 2024Hanon Systems announced that they will report Q2, 2024 results on Aug 08, 2024
New Risk • May 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 0.5% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin).
Major Estimate Revision • May 11Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩378 to ₩291 per share. Revenue forecast steady at ₩9.89b. Net income forecast to grow 219% next year vs 49% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩6,796. Share price fell 12% to ₩5,710 over the past week.
Buy Or Sell Opportunity • May 07Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩5,620. The fair value is estimated to be ₩7,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 37%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 49% per annum over the same time period.
分析記事 • May 05Getting In Cheap On Hanon Systems (KRX:018880) Might Be DifficultHanon Systems' ( KRX:018880 ) price-to-earnings (or "P/E") ratio of 67.9x might make it look like a strong sell right...
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩6,470, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩7,800 per share.
分析記事 • Apr 22Be Wary Of Hanon Systems (KRX:018880) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
お知らせ • Apr 19Hanon Systems to Report Q1, 2024 Results on May 09, 2024Hanon Systems announced that they will report Q1, 2024 results on May 09, 2024
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩5,020, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,006 per share.
分析記事 • Apr 06Is There Now An Opportunity In Hanon Systems (KRX:018880)?Hanon Systems ( KRX:018880 ), is not the largest company out there, but it received a lot of attention from a...
分析記事 • Mar 23Is Hanon Systems (KRX:018880) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Upcoming Dividend • Mar 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.2%).
Price Target Changed • Mar 18Price target decreased by 8.2% to ₩7,471Down from ₩8,143, the current price target is an average from 20 analysts. New target price is 26% above last closing price of ₩5,940. Stock is down 30% over the past year. The company is forecast to post earnings per share of ₩395 for next year compared to ₩95.54 last year.
Reported Earnings • Mar 09Full year 2023 earnings released: EPS: ₩96.00 (vs ₩38.00 in FY 2022)Full year 2023 results: EPS: ₩96.00 (up from ₩38.00 in FY 2022). Revenue: ₩9.56t (up 11% from FY 2022). Net income: ₩51.0b (up 150% from FY 2022). Profit margin: 0.5% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 15Hanon Systems, Annual General Meeting, Mar 28, 2024Hanon Systems, Annual General Meeting, Mar 28, 2024, at 09:00 Korea Standard Time. Location: The main conference room of the executive office at the headquarters of Hanon Systems Shinilseo-ro 95, Daedeok-gu, Daejeon, Korea Daejeon South Korea Agenda: To consider the Audit report, Business report; to consider Report on the operating condition of the internal accounting control system; to consider and approve Financial Statements and allocation of Retained Earnings; to consider and elect three non-executive directors, and three outside directors; to consider and elect two Audit Committee members; and to consider and approve 2024 total remuneration limit for directors.
Major Estimate Revision • Feb 15Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩468 to ₩328 per share. Revenue forecast steady at ₩9.87b. Net income forecast to grow 158% next year vs 66% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩7,896 to ₩7,718. Share price was steady at ₩6,370 over the past week.
Buy Or Sell Opportunity • Feb 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ₩6,380. The fair value is estimated to be ₩8,004, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 52% per annum over the same time period.
Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Vice Chairman & Executive Advisor Jay Son was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Jan 25Hanon Systems to Report Q4, 2023 Results on Feb 14, 2024Hanon Systems announced that they will report Q4, 2023 results at 3:00 PM, Korea Standard Time on Feb 14, 2024
お知らせ • Jan 24Hanon Systems Production of R744 eCompressors Surpasses 500,000 Units in PortugalHanon Systems announced its automotive compressor plant in Palmela, Portugal, has surpassed a milestone production level of more than 500,000 electric compressors (eCompressors) designed specifically for use with R744, an environmentally friendly refrigerant. The Palmela plant is located in the Setúbal District, about 25 kilometers (16 miles) south of Lisbon, the capital city of Portugal. It opened in 1998 producing mechanical scroll compressors and production of its first eCompressor began in 2009. In 2018, the plant expanded with a new two-story construction adding approximately 10,000 square meters (108,000 square feet) of space and increasing the annual production capacity to support the industry's migration toward e mobility and address the demand for eCompressors. High volume manufacturing of the R744 eCompressor began at the Palmela plant in late-2019. R744 is an environmentally-friendly alternative to traditional refrigerants with a global warming potential (GWP) of one. Often referred to as carbon dioxide or CO2, R744 is preferred by certain automakers, primarily in Europe, for its improved heating performance in heat pump systems, which is quickly becoming mainstream technology in battery electric vehicle (BEV) applications. Hanon Systems has decades of experience developing thermal solutions that operate with various refrigerants. Aside from R744 solutions, others include R290 (also known as propane), and traditional refrigerants such as R134a and R1234yf.
Buying Opportunity • Jan 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ₩8,212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.
Upcoming Dividend • Dec 20Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.0%).
Buying Opportunity • Dec 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be ₩8,749, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.
New Risk • Nov 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 255% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).
Buying Opportunity • Nov 12Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be ₩9,319, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
お知らせ • Oct 27Hanon Systems to Report Q3, 2023 Final Results on Nov 09, 2023Hanon Systems announced that they will report Q3, 2023 final results on Nov 09, 2023
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₩7,820, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩8,914 per share.
Upcoming Dividend • Sep 19Upcoming dividend of ₩90.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 26 September 2023. Payment date: 23 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.4%). Higher than average of industry peers (2.0%).
Major Estimate Revision • Aug 12Consensus EPS estimates increase by 23%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩447 to ₩548. Revenue forecast steady at ₩9.56b. Net income forecast to grow 571% next year vs 39% growth forecast for Auto Components industry in South Korea. Consensus price target up from ₩10,224 to ₩10,805. Share price rose 13% to ₩9,610 over the past week.
お知らせ • Aug 02Hanon Systems Has Announces Executive ChangesHanon Systems has announced the resignation of Min Suk Sung from the position of CEO. The company is planning to name Nurdal Kucukkaya and Ramachandran (Subu) Nagasubramony as co-CEOs to head the company, pending board of director approval to be confirmed at the upcoming regular meeting on August 10. Kucukkaya is serving as a representative executive officer of the company and Nagasubramony is serving as the company's chief financial officer (CFO) since January 1, 2019.
お知らせ • Jul 31Hanon Systems Announces the Resignation of Min Suk Sung as CEOHanon Systems announced that CEO, Min Suk Sung has tendered his resignation, effective July 31, 2023.
Upcoming Dividend • Jun 22Upcoming dividend of ₩90.00 per share at 3.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (2.1%).
Major Estimate Revision • May 12Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₩9.09b to ₩9.32b. EPS estimate fell from ₩505 to ₩427 per share. Net income forecast to grow 1,025% next year vs 37% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,795. Share price rose 3.9% to ₩9,690 over the past week.
Reported Earnings • Mar 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₩38.00 (down from ₩578 in FY 2021). Revenue: ₩8.63t (up 17% from FY 2021). Net income: ₩20.4b (down 93% from FY 2021). Profit margin: 0.2% (down from 4.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 77%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.2%).
Major Estimate Revision • Feb 12Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩9.20b to ₩9.06b. EPS estimate also fell from ₩544 per share to ₩464 per share. Net income forecast to grow 45% next year vs 16% growth forecast for Auto Components industry in South Korea. Consensus price target broadly unchanged at ₩9,553. Share price fell 8.6% to ₩8,770 over the past week.
お知らせ • Jan 19Hanon Systems to Report Q4, 2022 Results on Feb 09, 2023Hanon Systems announced that they will report Q4, 2022 results on Feb 09, 2023
Upcoming Dividend • Dec 21Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 20 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.3%).
Reported Earnings • Nov 18Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₩32.00 (down from ₩95.00 in 3Q 2021). Revenue: ₩2.20t (up 29% from 3Q 2021). Net income: ₩16.8b (down 67% from 3Q 2021). Profit margin: 0.8% (down from 3.0% in 3Q 2021). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year.
Price Target Changed • Nov 16Price target decreased to ₩10,018Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 15% above last closing price of ₩8,700. Stock is down 37% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.
Price Target Changed • Nov 13Price target decreased to ₩10,500Down from ₩11,383, the current price target is an average from 17 analysts. New target price is 27% above last closing price of ₩8,300. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₩237 for next year compared to ₩578 last year.
Major Estimate Revision • Nov 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.44b to ₩8.62b. EPS estimate fell from ₩328 to ₩232 per share. Net income forecast to grow 39% next year vs 30% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩11,383 to ₩11,041. Share price rose 4.6% to ₩8,190 over the past week.
お知らせ • Oct 20Hanon Systems to Report Q3, 2022 Results on Nov 09, 2022Hanon Systems announced that they will report Q3, 2022 results on Nov 09, 2022
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₩8,320, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩13,933 per share.
Upcoming Dividend • Sep 22Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 24 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Within top quartile of South Korean dividend payers (3.1%). Higher than average of industry peers (2.1%).
Buying Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be ₩13,626, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 40% in the next 2 years.
Major Estimate Revision • Aug 11Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩8.17b to ₩8.42b. EPS estimate fell from ₩464 to ₩287 per share. Net income forecast to shrink 24% next year vs 27% growth forecast for Auto Components industry in South Korea . Consensus price target broadly unchanged at ₩12,311. Share price rose 2.3% to ₩11,000 over the past week.
Price Target Changed • Jun 08Price target decreased to ₩13,760Down from ₩14,855, the current price target is an average from 20 analysts. New target price is 23% above last closing price of ₩11,200. Stock is down 35% over the past year. The company is forecast to post earnings per share of ₩502 for next year compared to ₩578 last year.
お知らせ • Apr 20Hanon Systems to Report Q1, 2022 Results on May 11, 2022Hanon Systems announced that they will report Q1, 2022 results on May 11, 2022
Buying Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ₩14,361, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 6.0%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.
Upcoming Dividend • Mar 23Upcoming dividend of ₩90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Within top quartile of South Korean dividend payers (2.6%). Higher than average of industry peers (2.1%).
