Buy Or Sell Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to ₩17,470. The fair value is estimated to be ₩21,996, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩147.3b (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Announcement • Mar 06
Hana Technology Co., Ltd., Annual General Meeting, Mar 31, 2026 Hana Technology Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 157-15, oncheon-ro, paltan-myeon, manse-gu, gyeonggi-do, hwaseong South Korea New Risk • Mar 04
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 11% 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. This is currently the only risk that has been identified for the company. Announcement • Feb 24
Hana Technology Co., Ltd. announced that it has received KRW 54 billion in funding from a group of investors On February 23, 2026. Hana Technology Co., Ltd. announces that it has closed the transaction. Announcement • Feb 13
Hana Technology Co., Ltd. announced that it expects to receive KRW 54 billion in funding from a group of investors Hana Technology Co., Ltd announced a private placement to issue Series 4 Zero Coupon Bearer Unsecured Private Convertible Bonds for aggregate gross proceeds of KRW 54,000,000,000 on February 13, 2026. The bonds will mature on February 23, 2031, are 100% convertible into common shares at a conversion price of KRW 31,402 and has a conversion period between February 23, 2027 to January 23, 2031. The transaction has been approved by the board of directors and is expected to close on February 23, 2026. The transaction will include participation from Kiwoom Securities Co., Ltd for KRW 5000,000,000, Mirae Asset Securities Co., Ltd for KRW 4,750,000,000, Shinhan-Time Premier Mezzanine New Technology Investment Fund for KRW 2,000,000,000, Samsung Securities Co.,Ltd for KRW 14,800,000,000 and other Investors. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩535 (vs ₩1,260 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩535 (up from ₩1,260 loss in 3Q 2024). Revenue: ₩52.5b (up 127% from 3Q 2024). Net income: ₩4.28b (up ₩14.5b from 3Q 2024). Profit margin: 8.2% (up from net loss in 3Q 2024). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery 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 75 percentage points per year, which is a significant difference in performance. New Risk • Oct 04
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 7.3% 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 Less than 1 year of cash runway based on current free cash flow (-₩49b). Share price has been volatile over the past 3 months (7.3% average weekly change). Buy Or Sell Opportunity • Sep 03
Now 21% overvalued Over the last 90 days, the stock has fallen 4.0% to ₩23,050. The fair value is estimated to be ₩19,100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 11
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 8.2% 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 Less than 1 year of cash runway based on current free cash flow (-₩56b). Share price has been volatile over the past 3 months (8.2% average weekly change). New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩147.1b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩42b). Market cap is less than US$100m (₩147.1b market cap, or US$99.3m). New Risk • Apr 01
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₩42b This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩42b). Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Mar 13
Hana Technology Co., Ltd., Annual General Meeting, Mar 31, 2025 Hana Technology Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 157-15, oncheon-ro, paltan-myeon, gyeonggi-do, hwaseong South Korea New Risk • Dec 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.8b (US$94.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Buy Or Sell Opportunity • Aug 20
Now 22% overvalued Over the last 90 days, the stock has fallen 43% to ₩31,100. The fair value is estimated to be ₩25,571, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 25
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 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (8.1% increase in shares outstanding). Reported Earnings • Mar 26
Full year 2023 earnings released: ₩500 loss per share (vs ₩208 profit in FY 2022) Full year 2023 results: ₩500 loss per share (down from ₩208 profit in FY 2022). Revenue: ₩119.9b (up 5.3% from FY 2022). Net loss: ₩3.81b (down 353% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 27
Price target increased by 38% to ₩140,000 Up from ₩101,167, the current price target is provided by 1 analyst. New target price is 141% above last closing price of ₩58,200. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of ₩1,659 for next year compared to ₩208 last year. Major Estimate Revision • Sep 20
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩213.0b to ₩208.2b. EPS estimate also fell from ₩2,186 per share to ₩1,953 per share. Net income forecast to grow 1,109% next year vs 38% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩87,955 to ₩100,934. Share price rose 5.3% to ₩115,200 over the past week. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 15% share price gain to ₩117,600, the stock is trading at a trailing P/E ratio of 79.7x, up from the previous P/E ratio of 69.3x. This compares to an average P/E of 22x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩109,000, the stock is trading at a trailing P/E ratio of 73.9x, down from the previous P/E ratio of 87.2x. This compares to an average P/E of 26x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₩72,600, the stock is trading at a trailing P/E ratio of 49.2x, up from the previous P/E ratio of 41.6x. This compares to an average P/E of 23x in the Machinery industry in South Korea. Valuation Update With 7 Day Price Move • Dec 04
Market pulls back on stock over the past week After last week's 16% share price decline to ₩64,700, the stock is trading at a trailing P/E ratio of 79.3x, down from the previous P/E ratio of 94.8x. This compares to an average P/E of 23x in the Machinery industry in South Korea. Announcement • Nov 26
Hana Technology Co., Ltd. has completed an IPO in the amount of KRW 28 billion. Hana Technology Co., Ltd. has completed an IPO in the amount of KRW 28 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 800,000
Price\Range: KRW 35000
Discount Per Security: KRW 875 
