Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩30,650, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 197% over the past three years. Announcement • May 07
Hankook & Company Co., Ltd. to Report Q1, 2026 Results on May 14, 2026 Hankook & Company Co., Ltd. announced that they will report Q1, 2026 results at 3:00 PM, Alaskan Daylight on May 14, 2026 Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₩1.68b to ₩1.60b. EPS estimate also fell from ₩6,105 per share to ₩4,438 per share. Net income forecast to grow 21% next year vs 26% growth forecast for Auto Components industry in South Korea. Consensus price target down from ₩36,000 to ₩33,000. Share price fell 2.5% to ₩24,850 over the past week. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩24,350, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 108% over the past three years. Declared Dividend • Feb 23
Dividend of ₩800 announced Shareholders will receive a dividend of ₩800. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 3.2%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 21
Hankook & Company Co., Ltd., Annual General Meeting, Mar 26, 2026 Hankook & Company Co., Ltd., Annual General Meeting, Mar 26, 2026, at 14:00 Tokyo Standard Time. Location: conference room, 286, pangyo-ro, bundang-gu, gyeonggi-do, seongnam South Korea Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩31,250, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Auto Components industry in South Korea. Total returns to shareholders of 155% over the past three years. Announcement • Jan 28
Hankook & Company Co., Ltd. to Report Fiscal Year 2025 Results on Feb 05, 2026 Hankook & Company Co., Ltd. announced that they will report fiscal year 2025 results on Feb 05, 2026 Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩1,370 (vs ₩1,274 in 3Q 2024) Third quarter 2025 results: EPS: ₩1,370 (up from ₩1,274 in 3Q 2024). Revenue: ₩384.7b (flat on 3Q 2024). Net income: ₩129.7b (up 7.5% from 3Q 2024). Profit margin: 34% (up from 32% in 3Q 2024). Revenue is forecast to grow 10% 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, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩27,750, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Auto Components industry in South Korea. Total returns to shareholders of 156% over the past three years. Declared Dividend • Aug 09
Dividend increased to ₩300 Dividend of ₩300 is 43% higher than last year. Ex-date: 21st August 2025 Payment date: 1st January 1970 Dividend yield will be 4.5%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩24,000, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x 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 • May 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩19,890, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Auto Components industry in South Korea. Total returns to shareholders of 62% over the past three years. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩1.54b to ₩1.52b. EPS estimate also fell from ₩5,398 per share to ₩3,944 per share. Net income forecast to grow 6.8% next year vs 14% growth forecast for Auto Components industry in South Korea. Consensus price target up from ₩18,000 to ₩20,000. Share price rose 4.3% to ₩14,700 over the past week. Reported Earnings • Mar 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₩3,703 (up from ₩1,975 in FY 2023). Revenue: ₩1.39t (up 28% from FY 2023). Net income: ₩350.7b (up 87% from FY 2023). Profit margin: 25% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Auto Components industry in South Korea. 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 28
Hankook & Company Co., Ltd., Annual General Meeting, Mar 26, 2025 Hankook & Company Co., Ltd., Annual General Meeting, Mar 26, 2025, at 14:00 Tokyo Standard Time. Location: media room, 286, pangyo-ro, bundang-gu, gyeonggi-do, seongnam South Korea Announcement • Jan 26
Hankook & Company Co., Ltd. to Report Fiscal Year 2024 Results on Feb 04, 2025 Hankook & Company Co., Ltd. announced that they will report fiscal year 2024 results on Feb 04, 2025 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩20,200, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Auto Components industry in South Korea. Total returns to shareholders of 50% over the past three years. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩1,274 (vs ₩963 in 3Q 2023) Third quarter 2024 results: EPS: ₩1,274 (up from ₩963 in 3Q 2023). Revenue: ₩381.4b (up 28% from 3Q 2023). Net income: ₩120.7b (up 32% from 3Q 2023). Profit margin: 32% (in line with 3Q 2023). Revenue is forecast to grow 5.7% 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 increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 24
Consensus revenue estimates increase by 20% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.21b to ₩1.45b. EPS estimate increased from ₩3,348 to ₩4,838 per share. Net income forecast to grow 34% next year vs 25% growth forecast for Auto Components industry in South Korea. Consensus price target of ₩22,000 unchanged from last update. Share price was steady at ₩16,960 over the past week. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Senior VP of Corporate Administrative Department & Executive Director Jongpil Won was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 22
Price target decreased by 13% to ₩14,000 Down from ₩16,000, the current price target is provided by 1 analyst. New target price is 14% below last closing price of ₩16,190. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₩2,201 for next year compared to ₩1,726 last year. Announcement • Feb 29
Hankook & Company Co., Ltd., Annual General Meeting, Mar 28, 2024 Hankook & Company Co., Ltd., Annual General Meeting, Mar 28, 2024, at 15:00 Korea Standard Time. Location: 286(Sampyeong-dong), Pangyo-ro, Bundang-gu, Seongnam-si, Gyeonggi-do South Korea Agenda: To approval of financial statements and consolidated financial statements for the 70th term; to discuss amendment of the articles of incorporation; to Appointment of directors; to appointment of outside director LEE, SANGHOON; to Appointment of members of the Audit Committee; and to discuss other matters. Announcement • Jan 30
Hankook & Company Co., Ltd. to Report Fiscal Year 2023 Results on Feb 02, 2024 Hankook & Company Co., Ltd. announced that they will report fiscal year 2023 results on Feb 02, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩17,700, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 40% over the past three years. New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩16,820, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Auto Components industry in South Korea. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩13,800, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Auto Components industry in South Korea. Negligible returns to shareholders over past three years. Major Estimate Revision • Oct 19
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩1.04b to ₩1.08b. EPS estimate increased from ₩1,785 to ₩2,201 per share. Net income forecast to grow 182% next year vs 58% growth forecast for Auto Components industry in South Korea. Consensus price target of ₩14,000 unchanged from last update. Share price rose 4.5% to ₩11,490 over the past week. New Risk • Aug 28
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: 9.4% Last year net profit margin: 21% 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 Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Profit margins are more than 30% lower than last year (9.4% net profit margin). Price Target Changed • Jul 21
Price target decreased by 13% to ₩14,000 Down from ₩16,000, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₩11,720. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of ₩1,785 for next year compared to ₩1,726 last year. Reported Earnings • May 20
First quarter 2023 earnings released: EPS: ₩341 (vs ₩398 in 1Q 2022) First quarter 2023 results: EPS: ₩341 (down from ₩398 in 1Q 2022). Revenue: ₩229.4b (down 15% from 1Q 2022). Net income: ₩32.4b (down 19% from 1Q 2022). Profit margin: 14% (in line with 1Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Auto Components industry in South Korea. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 28 April 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.3%). Price Target Changed • Nov 16
Price target increased to ₩17,500 Up from ₩14,000, the current price target is provided by 1 analyst. New target price is 36% above last closing price of ₩12,900. Stock is down 22% over the past year. The company is forecast to post earnings per share of ₩1,857 for next year compared to ₩2,105 last year. Price Target Changed • Apr 27
Price target increased to ₩20,000 Up from ₩14,000, the current price target is provided by 1 analyst. New target price is 40% above last closing price of ₩14,250. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩1,840 for next year compared to ₩2,105 last year. Announcement • Feb 12
Hankook & Company appoints Kim Seong-Jin as Chief Digital Officer Hankook & Company said that it has appointed Senior Vice President Kim Seong-jin as its chief digital officer. With 25 years of experience in the digital and IT sector, Kim will lead the digital transformation of the group, as well as be in charge of Hankook & Company's digital strategy office, in order to establish a model for innovation based on cutting-edge digital technologies. At the same time, Kim will play a control tower role in the IT field, by establishing a data processing and analysis system within the group, processing IT-related information and integrating software systems. Upcoming Dividend • Dec 22
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.8%). Board Change • Dec 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Senior VP of Corporate Administrative Department & Executive Director Jongpil Won was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 02
Hankook & Company Co., Ltd. (KOSE:A000240) and Hankook Tire & Technology Co., Ltd. (KOSE:A161390) entered into a stock purchase agreement to acquire a 59.6% stake in Preciseley Microtechnology Corporation from Ace Equity Partners LLC for approximately KRW 200 billion. Hankook & Company Co., Ltd. (KOSE:A000240) and Hankook Tire & Technology Co., Ltd. (KOSE:A161390) entered into an stock purchase agreement to acquire a 59.6% stake in Preciseley Microtechnology Corporation from Ace Equity Partners LLC and its founder for approximately KRW 200 billion on December 1, 2021. Hankook & Co. will take over 36.7 percent for 122.7 billion won, and Hankook Tire & Technology Co. the remaining 22.9 percent for 81.8 billion won. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS ₩1,848 (vs ₩1,650 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₩820.9b (down 3.1% from FY 2019). Net income: ₩169.5b (up 12% from FY 2019). Profit margin: 21% (up from 18% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 27
Hankook & Company Co., Ltd., Annual General Meeting, Mar 30, 2021 Hankook & Company Co., Ltd., Annual General Meeting, Mar 30, 2021, at 13:30 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩18,100, the stock is trading at a trailing P/E ratio of 14.9x, down from the previous P/E ratio of 17.7x. This compares to an average P/E of 25x in the Auto Components industry in South Korea. Total return to shareholders over the past three years is a loss of 2.8%. Is New 90 Day High Low • Feb 10
New 90-day high: ₩22,350 The company is up 44% from its price of ₩15,550 on 12 November 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩16,976 per share. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 21% share price gain to ₩20,600, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14x. This compares to an average P/E of 24x in the Auto Components industry in South Korea. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Jan 25
New 90-day high: ₩16,950 The company is up 8.0% from its price of ₩15,750 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 47% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩16,674 per share. Is New 90 Day High Low • Dec 21
New 90-day low: ₩14,850 The company is down 19% from its price of ₩18,400 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩16,900 per share. Is New 90 Day High Low • Sep 22
New 90-day high: ₩18,400 The company is up 60% from its price of ₩11,500 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩12,662 per share.