Hanwha Aerospace Co., Ltd.

KOSE:A012450 Stock Report

Market Cap: ₩17.3t

Hanwha Aerospace Valuation

Is A012450 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A012450 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A012450 (₩379500) is trading below our estimate of fair value (₩721799.16)

Significantly Below Fair Value: A012450 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for A012450?

Key metric: As A012450 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A012450. This is calculated by dividing A012450's market cap by their current earnings.
What is A012450's PE Ratio?
PE Ratio25.5x
Earnings₩676.24b
Market Cap₩17.25t

Price to Earnings Ratio vs Peers

How does A012450's PE Ratio compare to its peers?

The above table shows the PE ratio for A012450 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
A047810 Korea Aerospace Industries
21.6x13.7%₩6.3t
A079550 LIG Nex1
25.1x20.8%₩5.0t
A272210 Hanwha Systems
34.9x30.2%₩4.8t
A003570 Snt DynamicsLtd
5.6x-19.6%₩521.8b
A012450 Hanwha Aerospace
25.5x20.7%₩17.3t

Price-To-Earnings vs Peers: A012450 is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

How does A012450's PE Ratio compare vs other companies in the Asian Aerospace & Defense Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
A012450 25.5xIndustry Avg. 47.6xNo. of Companies9PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A012450 is good value based on its Price-To-Earnings Ratio (25.5x) compared to the Asian Aerospace & Defense industry average (47.6x).


Price to Earnings Ratio vs Fair Ratio

What is A012450's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A012450 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.5x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: A012450 is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A012450 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩379,500.00
₩432,968.32
+14.1%
14.1%₩500,000.00₩277,691.48n/a20
Nov ’25₩378,500.00
₩416,019.28
+9.9%
17.5%₩500,000.00₩235,000.00n/a19
Oct ’25₩297,000.00
₩360,251.68
+21.3%
13.9%₩422,091.05₩261,029.99n/a19
Sep ’25₩322,122.11
₩358,718.93
+11.4%
13.8%₩422,091.05₩261,029.99n/a19
Aug ’25₩337,117.45
₩355,211.25
+5.4%
14.4%₩422,091.05₩261,029.99n/a19
Jul ’25₩270,471.50
₩295,278.60
+9.2%
9.6%₩377,660.41₩244,368.50n/a18
Jun ’25₩227,707.01
₩291,884.60
+28.2%
9.2%₩377,660.41₩244,368.50n/a18
May ’25₩234,926.99
₩260,067.33
+10.7%
22.7%₩377,660.41₩144,399.57n/a15
Apr ’25₩232,150.08
₩234,302.18
+0.9%
19.2%₩288,799.14₩144,399.57n/a16
Mar ’25₩208,268.61
₩200,604.32
-3.7%
14.1%₩244,368.50₩144,399.57n/a15
Feb ’25₩147,287.56
₩174,072.89
+18.2%
9.3%₩199,937.86₩144,399.57n/a14
Jan ’25₩138,290.36
₩172,882.78
+25.0%
9.8%₩199,937.86₩144,399.57n/a14
Dec ’24₩151,064.16
₩162,330.50
+7.5%
9.8%₩199,937.86₩144,399.57n/a14
Nov ’24₩126,071.93
₩160,292.07
+27.1%
9.7%₩199,937.86₩144,399.57₩378,500.0013
Oct ’24₩116,186.11
₩168,836.42
+45.3%
12.8%₩199,937.86₩122,184.25₩297,000.0010
Sep ’24₩127,293.77
₩164,615.51
+29.3%
15.5%₩199,937.86₩122,184.25₩322,122.1110
Aug ’24₩134,958.06
₩165,627.54
+22.7%
11.8%₩188,830.20₩124,405.78₩337,117.459
Jul ’24₩141,511.58
₩149,212.89
+5.4%
12.3%₩166,614.89₩111,076.59₩270,471.509
Jun ’24₩119,962.72
₩149,212.89
+24.4%
12.3%₩166,614.89₩111,076.59₩227,707.019
May ’24₩114,075.66
₩141,807.78
+24.3%
12.0%₩166,614.89₩111,076.59₩234,926.999
Apr ’24₩110,187.98
₩130,653.84
+18.6%
7.2%₩144,399.57₩111,076.59₩232,150.088
Mar ’24₩99,968.93
₩126,010.22
+26.0%
12.6%₩144,399.57₩88,861.27₩208,268.619
Feb ’24₩89,749.89
₩109,410.44
+21.9%
17.9%₩144,399.57₩84,418.21₩147,287.569
Jan ’24₩81,752.37
₩109,410.44
+33.8%
17.9%₩144,399.57₩84,418.21₩138,290.369
Dec ’23₩80,197.30
₩109,410.44
+36.4%
17.9%₩144,399.57₩84,418.21₩151,064.169
Nov ’23₩75,754.24
₩107,682.58
+42.1%
17.7%₩144,399.57₩84,418.21₩126,071.939

Analyst Forecast: Target price is less than 20% higher than the current share price.


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