Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,075, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,440, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩3,480, the stock trades at a trailing P/E ratio of 77.2x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 24% over the past three years. New Risk • Mar 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 4.5% 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₩98.3b market cap, or US$65.1m). New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩112.1b market cap, or US$76.3m). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩2,865, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 6.5% over the past three years. Announcement • Mar 04
Hanil Forging Industrial Co., Ltd., Annual General Meeting, Mar 26, 2026 Hanil Forging Industrial Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 87, seupji-gil, deoksan-eup, jincheon-gun, chungcheongbuk-do, South Korea New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Minor Risk Market cap is less than US$100m (₩68.1b market cap, or US$49.1m). Buy Or Sell Opportunity • Jun 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.0% to ₩2,420. The fair value is estimated to be ₩3,096, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩2,570, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total loss to shareholders of 26% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩198 (vs ₩239 in FY 2023) Full year 2024 results: EPS: ₩198 (down from ₩239 in FY 2023). Revenue: ₩139.4b (down 22% from FY 2023). Net income: ₩6.24b (down 17% from FY 2023). Profit margin: 4.5% (up from 4.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩2,565, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 22% over the past three years. Announcement • Feb 28
Hanil Forging Industrial Co., Ltd., Annual General Meeting, Mar 26, 2025 Hanil Forging Industrial Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 87, seupji-gil, deoksan-eup, jincheon-gun, chungcheongbuk-do, South Korea Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to ₩2,100, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩3,005, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 5x in the Auto Components industry in South Korea. Total returns to shareholders of 23% over the past three years. New Risk • Nov 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% 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 (2.1x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (₩87.0b market cap, or US$62.3m). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩2,710, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩2,955, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 6x in the Auto Components industry in South Korea. Negligible returns to shareholders over past three years. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: ₩239 (vs ₩232 in FY 2022) Full year 2023 results: EPS: ₩239 (up from ₩232 in FY 2022). Revenue: ₩178.2b (flat on FY 2022). Net income: ₩7.47b (up 8.6% from FY 2022). Profit margin: 4.2% (up from 3.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Oct 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). Share price has been volatile over the past 3 months (9.1% average weekly change). Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (₩83.1b market cap, or US$61.8m). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩2,945, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 57% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩232 (vs ₩290 loss in FY 2021) Full year 2022 results: EPS: ₩232 (up from ₩290 loss in FY 2021). Revenue: ₩177.4b (up 16% from FY 2021). Net income: ₩6.88b (up ₩15.5b from FY 2021). Profit margin: 3.9% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 21% share price gain to ₩3,840, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 12x in the Auto Components industry in South Korea. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 25% share price gain to ₩3,125, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 14x in the Auto Components industry in South Korea. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₩2,740, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 15x in the Auto Components industry in South Korea. Total returns to shareholders of 96% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: ₩114 loss per share (vs ₩107 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩138.3b (down 2.1% from FY 2019). Net loss: ₩3.38b (down 207% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
Hanil Forging Industrial Co., Ltd., Annual General Meeting, Mar 24, 2021 Hanil Forging Industrial Co., Ltd., Annual General Meeting, Mar 24, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Dec 28
New 90-day low: ₩1,790 The company is down 6.0% from its price of ₩1,895 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 18% over the same period. 