Hanwha Solutions Valuation

Is A009835 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A009835 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A009835 (₩14380) is trading above our estimate of fair value (₩11592.15)

Significantly Below Fair Value: A009835 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A009835?

Key metric: As A009835 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A009835. This is calculated by dividing A009835's market cap by their current revenue.
What is A009835's PS Ratio?
PS Ratio	0.2x
Sales	₩11.77t
Market Cap	₩2.85t

A009835 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	38.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does A009835's PS Ratio compare to its peers?

The above table shows the PS ratio for A009835 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.9x
A011170 Lotte Chemical	0.1x	4.2%	₩2.8t
A348370 Enchem	8.6x	68.0%	₩2.9t
A011780 Kumho Petro ChemicalLtd	0.4x	5.5%	₩2.6t
A011790 SKC	2.4x	31.1%	₩3.9t
A009835 Hanwha Solutions	0.2x	6.6%	₩2.8t

Price-To-Sales vs Peers: A009835 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

How does A009835's PS Ratio compare vs other companies in the KR Chemicals Industry?

9 Companies	Price / Sales	Estimated Growth	Market Cap
A011170 Lotte Chemical	0.1x	4.2%	US$1.99b
A298020 Hyosung TNC	0.1x	3.9%	US$656.04m
A000210 DL Holdings	0.1x	1.8%	US$554.17m
A012630 HDC HOLDINGSLtd	0.1x	n/a	US$403.60m

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: A009835 is good value based on its Price-To-Sales Ratio (0.2x) compared to the KR Chemicals industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is A009835's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A009835 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: A009835 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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