Hancom's (KOSDAQ:030520) Earnings Are Weaker Than They Seem
Mar 27
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- 7D-5.2%
- 3M-7.7%
- 1Y6.4%
- YTD-8.5%
Over the last 7 days, the Software industry has dropped 5.2%, driven by pullbacks in Nota and Selvas AI of 12% and 20%, respectively. Meanwhile, ELUON actually outperformed within the industry, gaining 15% in the last week. Over the past 12 months, the industry was up 6.4%. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the South Korean Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 04 Apr 2026 | ₩13.9t | ₩9.4t | ₩141.3b | 14.9x | 98.6x | 1.5x |
| Mon, 02 Mar 2026 | ₩14.9t | ₩9.1t | ₩133.1b | 15.6x | 112.2x | 1.6x |
| Wed, 28 Jan 2026 | ₩15.0t | ₩9.1t | ₩132.9b | 16.2x | 113x | 1.7x |
| Fri, 26 Dec 2025 | ₩14.1t | ₩9.1t | ₩132.9b | 14.8x | 106.3x | 1.6x |
| Sun, 23 Nov 2025 | ₩13.4t | ₩8.9t | ₩133.0b | 14.6x | 100.9x | 1.5x |
| Tue, 21 Oct 2025 | ₩13.4t | ₩8.8t | ₩127.3b | 14.7x | 105.2x | 1.5x |
| Thu, 18 Sep 2025 | ₩13.7t | ₩8.8t | ₩140.0b | 16.2x | 98x | 1.6x |
| Sat, 16 Aug 2025 | ₩13.3t | ₩8.6t | ₩128.7b | 17.4x | 103.1x | 1.5x |
| Mon, 14 Jul 2025 | ₩14.7t | ₩8.4t | ₩163.3b | 19.2x | 89.8x | 1.7x |
| Wed, 11 Jun 2025 | ₩13.7t | ₩8.4t | ₩168.0b | 16.5x | 81.6x | 1.6x |
| Fri, 09 May 2025 | ₩12.3t | ₩8.0t | ₩175.0b | 15.9x | 70.3x | 1.5x |
| Sun, 06 Apr 2025 | ₩11.3t | ₩8.0t | ₩177.6b | 15.6x | 63.8x | 1.4x |
| Tue, 04 Mar 2025 | ₩12.0t | ₩7.6t | ₩95.2b | 15.5x | 126.3x | 1.6x |
| Thu, 30 Jan 2025 | ₩11.7t | ₩7.6t | ₩94.4b | 15.7x | 124x | 1.5x |
| Sat, 28 Dec 2024 | ₩10.8t | ₩7.2t | ₩124.0b | 14.5x | 87.5x | 1.5x |
| Mon, 25 Nov 2024 | ₩10.7t | ₩7.1t | ₩85.4b | 14.5x | 125.1x | 1.5x |
| Wed, 23 Oct 2024 | ₩10.0t | ₩7.0t | ₩97.3b | 13.3x | 103.1x | 1.4x |
| Fri, 20 Sep 2024 | ₩10.5t | ₩7.0t | ₩98.1b | 14x | 107.2x | 1.5x |
| Sun, 18 Aug 2024 | ₩10.5t | ₩6.7t | ₩78.2b | 15.7x | 134.9x | 1.6x |
| Tue, 16 Jul 2024 | ₩11.9t | ₩6.7t | ₩72.6b | 15.3x | 163.8x | 1.8x |
| Thu, 13 Jun 2024 | ₩12.5t | ₩6.8t | ₩38.5b | 17.4x | 325.2x | 1.8x |
| Sat, 11 May 2024 | ₩12.6t | ₩6.6t | ₩86.1b | 16.9x | 146.3x | 1.9x |
| Mon, 08 Apr 2024 | ₩12.4t | ₩6.6t | ₩64.6b | 16.4x | 192.8x | 1.9x |
| Wed, 06 Mar 2024 | ₩12.9t | ₩6.3t | ₩29.3b | 19.5x | 441.1x | 2x |
| Fri, 02 Feb 2024 | ₩12.9t | ₩6.3t | ₩29.6b | 21.4x | 436.7x | 2x |
| Sun, 31 Dec 2023 | ₩12.8t | ₩6.4t | ₩40.2b | 19.4x | 318.5x | 2x |
| Tue, 28 Nov 2023 | ₩12.8t | ₩6.3t | ₩54.3b | 18.1x | 235x | 2x |
| Thu, 26 Oct 2023 | ₩12.1t | ₩6.1t | ₩34.3b | 17.7x | 351.7x | 2x |
| Sat, 23 Sep 2023 | ₩13.3t | ₩6.1t | ₩24.9b | 18.7x | 533.3x | 2.2x |
| Mon, 21 Aug 2023 | ₩13.1t | ₩5.9t | ₩86.6b | 17.2x | 151.4x | 2.2x |
| Wed, 19 Jul 2023 | ₩13.5t | ₩5.9t | ₩91.8b | 17.5x | 146.6x | 2.3x |
| Fri, 16 Jun 2023 | ₩13.2t | ₩5.9t | ₩95.8b | 19.4x | 137.6x | 2.2x |
| Sun, 14 May 2023 | ₩13.2t | ₩5.7t | ₩65.6b | 20.8x | 201.3x | 2.3x |
| Tue, 11 Apr 2023 | ₩13.4t | ₩5.7t | ₩69.3b | 20.1x | 193.6x | 2.3x |
Price to Earnings Ratio
193.6x
Current Industry PE
- Investors are pessimistic on the South Korean Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 98.6x which is lower than its 3-year average PE of 180x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South Korean Tech industry?
| KR Market | -1.79% | |
| Tech | 0.06% | |
| Software | -5.19% | |
| Systems Software | -2.96% | |
| Application Software | -7.54% | |
Industry PE
- Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 34.5x.
- Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings decline of 3.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A065440 ELUON | ₩2.87k | 15.3% +₩10.4b | 97.4% | PE48.6x | |
| A288980 Moadata | ₩855.00 | 17.4% +₩4.4b | -14.7% | PS1.3x | |
| A217880 TILONLtd | ₩1.95k | 14.6% +₩2.7b | -30.8% | n/a | |
| A192250 KSIGNLtd | ₩10.43k | 3.5% +₩2.4b | 27.4% | PE29.8x | |
| A290090 Twim | ₩6.08k | 5.0% +₩2.0b | -18.7% | PS2x |
