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Handok, Inc. (002390) AI Stock Analysis

KR:002390

Handok, Inc.

(Korea Exchange:002390)

Select Model
Rating:44Neutral
Price Target:KRW 8,070.00â–¼(-1.71% Downside)
Action:initiatedcoverage
Date:10/28/26

The score is held down primarily by weak financial quality—ongoing net losses, negative free cash flow, and higher leverage—despite a notable TTM revenue rebound and improved operating profitability. Technicals also remain bearish with negative momentum and price below major moving averages, while valuation support is limited by a negative P/E, partially offset by a moderate dividend yield.

Positive Factors
TTM Revenue ReboundThe sharp TTM revenue rebound indicates a meaningful recovery in commercial activity after two years of declines. If maintained, stronger scale can support operating leverage, improve the absorption of fixed costs, and provide a broader base for restoring sustainable profitability.
Negative Factors
Persistent Net LossesDespite the recovery in revenue and operating profit, Handok has not yet reached consistent bottom-line profitability. Ongoing net losses weaken retained equity, limit internally generated capital, and indicate that the current operating improvement has not fully translated into durable shareholder returns.

Handok, Inc. (002390) vs. SPDR S&P 500 ETF (SPY)

-40%-30%-20%-10%0%10%20%KR:002390-25.76%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 106.66B
Dividend Yield
2.44%
Average Volume (3M)
8,876
Price to Earnings (P/E)
-10.8
Beta (1Y)
-0.01
Revenue Growth
7.15%
EPS Growth
59.41%
Country
KR
Employees
951
Sector
General
Sector Strength
55
Industry
Medical - Pharmaceuticals

Handok, Inc. Business Overview & Revenue Model

Company Description

HANDOK Inc. operates as a pharmaceutical company. The company provides prescription and OTC drugs; medical devices, such as blood pressure monitors, cholesterol monitoring systems, insulin pumps, self-monitoring system of blood glucose, and blood glu...

Handok, Inc. Financial Statement Overview

Summary

Operations are improving with a sharp TTM revenue rebound and a recovery to positive operating/EBITDA profitability versus the 2024 trough, but net income remains negative. Cash flow is still a major weakness (TTM and 2025 free cash flow negative) and leverage has increased (debt-to-equity ~1.49 in TTM), limiting flexibility.

Income Statement

44Neutral

Balance Sheet

46Neutral

Cash Flow

32Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue560.89B535.14B507.36B522.74B543.76B517.64B
Gross Profit158.46B144.47B157.41B151.37B173.71B167.55B
EBITDA39.94B26.80B-20.82B2.76B50.26B49.37B
Net Income-9.37B-2.15B-52.56B-28.80B10.68B3.29B
Balance Sheet
Total Assets779.69B790.75B788.56B790.34B871.11B841.56B
Cash, Cash Equivalents and Short-Term Investments25.80B28.07B56.04B20.06B39.85B35.44B
Total Debt376.66B379.43B373.39B300.01B298.29B258.39B
Total Liabilities524.61B512.43B499.49B449.71B489.25B457.57B
Stockholders Equity253.29B276.61B287.26B338.73B379.81B384.00B
Cash Flow
Free Cash Flow-8.04B-9.88B-22.19B9.80B-13.22B-6.23B
Operating Cash Flow5.06B3.98B-2.79B35.98B30.52B37.23B
Investing Cash Flow-14.39B-22.37B-31.29B-49.72B-63.50B-45.70B
Financing Cash Flow-7.40B-9.74B70.39B-6.39B39.83B15.25B

Handok, Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price8210.00

Price Trends

50DMA8856.20Negative
100DMA8533.20Negative
200DMA9458.11Negative

Market Momentum

MACD-115.40Negative
RSI41.24Neutral
STOCH51.68Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:002390, the sentiment is Negative. The current price of 8210.00 is below the 20-day moving average (MA) of 8409.50, below the 50-day MA of 8856.20, and below the 200-day MA of 9458.11, indicating a bearish trend. The MACD of -115.40 indicates Negative momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 51.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:002390.

Handok, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:002390 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:234080KR:23408069NeutralKRW 162.74B6.25―5.23%1.00%-47.42%
KR:003850KR:00385068NeutralKRW 702.03B9.47―1.93%6.39%29.21%
KR:002720KR:00272062NeutralKRW 68.11B13.94―0.90%8.02%-23.36%
KR:185750KR:18575057NeutralKRW 831.41B10.46―0.79%7.15%29.88%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:002390KR:00239044NeutralKRW 113.00B-10.81―2.44%7.15%59.41%

* General Sector Average

Performance Comparison

-40%-20%0%20%KR:002390KR:002720KR:003850KR:023910KR:185750KR:234080Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:002390 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:002390Handok, Inc.8210.00-2848.67-25.76%
KR:002720KUKJE PHARMA Co., Ltd.3345.00-779.62-18.90%
KR:003850Boryung Corporation8310.00-461.66-5.26%
KR:023910Daihan Pharmaceutical Co., Ltd.24750.00-2950.58-10.65%
KR:185750Chong Kun Dang Pharmaceutical Corp.63100.00-19812.28-23.90%
KR:234080JW LIFESCIENCE CORPORATION10510.00-2697.57-20.42%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026