Hanwha Solutions Future Growth

Future criteria checks 3/6

Hanwha Solutions is forecast to grow earnings and revenue by 71.7% and 3.9% per annum respectively. EPS is expected to grow by 72.7% per annum. Return on equity is forecast to be 9% in 3 years.

Key information

71.7%

Earnings growth rate

72.7%

EPS growth rate

Chemicals earnings growth	54.0%
Revenue growth rate	3.9%
Future return on equity	9.0%
Analyst coverage	Good
Last updated	18 May 2024

Recent future growth updates

Recent updates

Hanwha Solutions Corporation's (KRX:009830) Shareholders Might Be Looking For Exit

May 13

Hanwha Solutions (KRX:009830) Has Some Way To Go To Become A Multi-Bagger

Apr 12

An Intrinsic Calculation For Hanwha Solutions Corporation (KRX:009830) Suggests It's 8.4% Undervalued

Apr 15

Don't Buy Hanwha Solutions Corporation (KRX:009830) For Its Next Dividend Without Doing These Checks

Dec 24

Hanwha Solutions (KRX:009830) Has A Somewhat Strained Balance Sheet

Dec 22

Is Hanwha Solutions Corporation (KRX:009830) A Risky Dividend Stock?

Dec 01

Earnings and Revenue Growth Forecasts

KOSE:A009830 - Analysts future estimates and past financials data (KRW Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	14,579,639	709,582	376,000	1,747,664	15
12/31/2025	13,991,531	564,587	62,171	1,590,688	23
12/31/2024	11,942,582	-536,999	-2,380,575	1,189,521	16
12/31/2023	13,288,745	-196,870	-1,890,550	517,954	N/A
9/30/2023	13,725,359	25,292	-1,486,428	437,691	N/A
6/30/2023	14,039,306	151,204	-1,001,499	512,403	N/A
3/31/2023	13,905,308	382,040	-377,594	810,052	N/A
12/31/2022	13,130,753	339,932	-824,627	115,717	N/A
9/30/2022	12,310,690	283,366	-452,461	418,114	N/A
6/30/2022	11,651,233	345,453	-336,793	498,264	N/A
3/31/2022	11,169,690	329,417	-238,294	583,725	N/A
12/31/2021	10,725,192	619,051	161,224	990,891	N/A
9/30/2021	10,323,923	713,088	165,548	982,628	N/A
6/30/2021	10,172,019	728,474	346,519	1,132,868	N/A
3/31/2021	9,350,954	664,107	409,891	1,192,114	N/A
12/31/2020	9,195,008	346,929	193,622	1,069,542	N/A
9/30/2020	9,067,677	238,205	11,043	996,761	N/A
6/30/2020	9,064,995	157,011	-200,960	921,502	N/A
3/31/2020	9,472,536	35,476	-254,544	964,869	N/A
12/31/2019	9,457,390	101,440	39,601	1,206,118	N/A
9/30/2019	9,430,518	27,010	-142,436	984,542	N/A
6/30/2019	9,316,617	-123,652	-111,046	849,097	N/A
3/31/2019	9,203,187	25,250	-80,291	726,651	N/A
12/31/2018	9,046,042	186,680	7,008	726,704	N/A
9/30/2018	8,990,331	474,262	174,361	772,821	N/A
6/30/2018	8,991,521	749,643	226,809	798,976	N/A
3/31/2018	9,226,529	800,045	223,761	751,920	N/A
12/31/2017	9,341,813	824,697	439,838	916,232	N/A
9/30/2017	9,307,249	959,741	N/A	860,091	N/A
6/30/2017	9,379,844	905,744	N/A	882,842	N/A
3/31/2017	9,286,505	969,166	N/A	1,177,741	N/A
12/31/2016	9,258,833	755,256	N/A	1,151,004	N/A
9/30/2016	9,246,135	626,319	N/A	959,813	N/A
6/30/2016	8,747,285	577,755	N/A	958,449	N/A
3/31/2016	8,363,727	313,391	N/A	1,533,964	N/A
12/31/2015	8,036,991	188,161	N/A	1,209,291	N/A
9/30/2015	7,750,567	178,074	N/A	1,149,255	N/A
6/30/2015	7,839,678	49,131	N/A	1,095,637	N/A
3/31/2015	7,934,946	19,212	N/A	375,965	N/A
12/31/2014	8,055,333	56,742	N/A	362,468	N/A
9/30/2014	8,055,259	65,475	N/A	521,551	N/A
6/30/2014	8,164,614	30,172	N/A	628,930	N/A
3/31/2014	8,041,190	2,696	N/A	493,376	N/A
12/31/2013	7,863,554	8,252	N/A	404,340	N/A
9/30/2013	7,629,724	-44,849	N/A	376,696	N/A
6/30/2013	7,315,474	10,583	N/A	246,904	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A009830 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.5%).

Earnings vs Market: A009830 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: A009830 is expected to become profitable in the next 3 years.

Revenue vs Market: A009830's revenue (3.9% per year) is forecast to grow slower than the KR market (10% per year).

High Growth Revenue: A009830's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A009830's Return on Equity is forecast to be low in 3 years time (9%).

Hanwha Solutions Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 9.4% to ₩33,348

Consensus EPS estimates fall by 89%

Price target decreased by 12% to ₩41,318

Price target decreased by 7.3% to ₩48,000

Consensus EPS estimates fall by 28%

Price target decreased by 8.0% to ₩59,385

Recent updates

Now 23% undervalued after recent price drop

Hanwha Solutions Corporation's (KRX:009830) Shareholders Might Be Looking For Exit

Price target decreased by 9.4% to ₩33,348

Now 21% undervalued after recent price drop

Hanwha Solutions Corporation to Report Q1, 2024 Results on Apr 25, 2024

Hanwha Solutions (KRX:009830) Has Some Way To Go To Become A Multi-Bagger

Full year 2023 earnings released: ₩1,136 loss per share (vs ₩1,773 profit in FY 2022)

Hanwha Solutions Corporation, Annual General Meeting, Mar 26, 2024

Consensus EPS estimates fall by 89%

Price target decreased by 12% to ₩41,318

Hanwha Solutions Corporation to Report Fiscal Year 2023 Results on Feb 22, 2024

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: ₩34.00 (vs ₩686 in 3Q 2022)

Investor sentiment improves as stock rises 20%

Price target decreased by 7.3% to ₩48,000

Consensus EPS estimates fall by 28%

Hanwha Solutions Corporation to Report Q3, 2023 Results on Oct 31, 2023

New minor risk - Profit margin trend

Price target decreased by 8.0% to ₩59,385

Consensus EPS estimates fall by 20%, revenue upgraded

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates increase by 18%, revenue downgraded

Consensus EPS estimates fall by 11%

Insufficient new directors

Investor sentiment improves as stock rises 29%

Consensus EPS estimates fall by 10%

Hanwha Solutions Corporation to Report Q4, 2022 Results on Feb 16, 2023

Price target increased to ₩63,619

Third quarter 2022 earnings released: EPS: ₩714 (vs ₩1,008 in 3Q 2021)

High number of new directors

Now 21% undervalued

Hanwha Solutions Corporation (KOSE:A009830) announces an Equity Buyback for 1,362,800 shares, for KRW 69,502.8 million.

Price target increased to ₩51,053

Consensus EPS estimates increase by 13%

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Consensus forecasts updated

Investor sentiment improved over the past week

Hanwha Corporation (KOSE:A000880) and Hanwha Solutions Corporation (KOSE:A009830) completed the acquisition of a 18.824354% stake in REC Silicon ASA (OB:RECSI) from Aker Horizons Holding AS

High number of new directors

Price target decreased to ₩48,895

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Hanwha Solutions Corporation (KOSE:A009830) signed an agreement to acquire Telecommunication Module Business of Samsung Electro-Mechanics Co., Ltd. (KOSE:A009150).

Third quarter 2021 earnings released: EPS ₩1,011 (vs ₩1,301 in 3Q 2020)

Hanwha Solutions Corporation (KOSE:A009830) entered into an agreement to acquire Wi-Fi module business of Samsung Electro-Mechanics Co., Ltd from Samsung Electro-Mechanics Co., Ltd. (KOSE:A009150).

Hanwha Solutions Corporation (KOSE:A009830) completed the acquisition of WOS Co., Ltd. from Wave Electronics Co., Ltd. (KOSDAQ:A095270).

Hanwha Solutions Corporation (KOSE:A009830) agreed to acquire Res Mediterranee SAS for approximately KRW 980 billion.

Consensus forecasts updated

Hanwha Energy Corporation and Hanwha Solutions Corporation (KOSE:A009830) agreed to acquire additional 24.1% minority stake in Hanwha General Chemical Co., Ltd. from Samsung SDI Co., Ltd. (KOSE:A006400) and Samsung C&T Corporation (KOSE:A028260) for approximately KRW 480 billion.

First quarter 2021 earnings released: EPS ₩2,293 (vs ₩425 in 1Q 2020)

Consensus EPS estimates increase to ₩4,494

An Intrinsic Calculation For Hanwha Solutions Corporation (KRX:009830) Suggests It's 8.4% Undervalued

Full year 2020 earnings released: EPS ₩2,154 (vs ₩623 in FY 2019)

How Does Hanwha Solutions Corporation (KRX:009830) Fare As A Dividend Stock?

New 90-day low: ₩44,700

When Should You Buy Hanwha Solutions Corporation (KRX:009830)?

Hanwha Solutions Corporation, Annual General Meeting, Mar 24, 2021

Hanwha Solutions Corporation to Report Fiscal Year 2020 Results on Feb 18, 2021

Hanwha Solutions Corporation announced that it expects to receive KRW 418.408184902 billion in funding from Hanwha Corporation

New 90-day high: ₩57,200

Is Hanwha Solutions (KRX:009830) A Future Multi-bagger?

New 90-day high: ₩53,900

Hanwha Solutions Corporation (KOSE:A009830) agreed to acquire Cimarron Composites.

Don't Buy Hanwha Solutions Corporation (KRX:009830) For Its Next Dividend Without Doing These Checks

Hanwha Solutions (KRX:009830) Has A Somewhat Strained Balance Sheet

Upcoming Dividend of ₩200 Per Share

Is Hanwha Solutions Corporation (KRX:009830) A Risky Dividend Stock?

Rec Group Files Patent Infringement Lawsuit Against Hanwha Solutions Corporation and Hanwha Q CELLS USA Inc