Hanwha Aerospace Co., Ltd.

KOSE:A012450 Stock Report

Market Cap: ₩13.9t

Hanwha Aerospace Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 (₩328000) is trading below our estimate of fair value (₩726153.47)

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 Ratio22.1x
Earnings₩676.24b
Market Cap₩13.87t

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 Average20.9x
A047810 Korea Aerospace Industries
18.9x14.0%₩5.3t
A079550 LIG Nex1
23.3x20.4%₩4.4t
A272210 Hanwha Systems
31.4x30.3%₩3.8t
A099320 Satrec Initiative
10.2x-10.4%₩430.4b
A012450 Hanwha Aerospace
22.1x22.2%₩13.9t

Price-To-Earnings vs Peers: A012450 is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (20.8x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
A012450 22.1xIndustry Avg. 50.8xNo. of Companies12PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A012450 is good value based on its Price-To-Earnings Ratio (22.1x) compared to the Asian Aerospace & Defense industry average (50.8x).

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 Ratio22.1x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: A012450 is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).

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₩328,000.00
₩437,472.98
+33.4%
12.1%₩500,000.00₩277,691.48n/a20
Dec ’25₩312,500.00
₩432,968.32
+38.5%
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₩144,399.57₩312,500.0014
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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 09:03
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hanwha Aerospace Co., Ltd. is covered by 37 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Douglas KimBNP Paribas Securities (Asia)
KJ HwangBofA Global Research
Soo Min KangCape Investment & Securities Co., Ltd.