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HS HWASUNG Co., Ltd.
(002460)
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Rating:71Outperform
Price Target:
₩11,492.00
Action:N/A
Date:10/28/26
The score is driven primarily by attractive valuation (low P/E and high dividend yield) and solid financial resilience (improved leverage and strong recent cash generation). This is tempered by weakening technicals (below key moving averages and negative MACD) and near-term operating pressure from TTM revenue decline and sharply compressed operating margins.
Positive Factors
Improved Balance Sheet
The substantial reduction in debt relative to equity strengthens financial resilience and lowers balance-sheet risk compared with 2023. A healthier capital structure should provide more flexibility to support projects, withstand operating volatility, and allocate cash without excessive reliance on borrowing.
Negative Factors
TTM Revenue Decline
The latest revenue contraction signals a softer operating run-rate after the prior year’s growth. If sustained, weaker top-line activity could reduce operating leverage, limit the scale benefits available from new projects, and make future earnings more dependent on execution and contract timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
The substantial reduction in debt relative to equity strengthens financial resilience and lowers balance-sheet risk compared with 2023. A healthier capital structure should provide more flexibility to support projects, withstand operating volatility, and allocate cash without excessive reliance on borrowing.
Read all positive factors
HS HWASUNG Co., Ltd. (002460) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩100.23B
Dividend Yield7.08%
Average Volume (3M)4.10K
Price to Earnings (P/E)4.0
Beta (1Y)0.27
Revenue Growth-1.62%
EPS Growth174.68%
CountryKR
Employees386
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2648.06
Shares Outstanding10,150,000
10 Day Avg. Volume4,465
30 Day Avg. Volume4,097
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.28
Price to Sales (P/S)0.18
P/FCF Ratio2.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)661
Revenue Forecast (FY)₩659.90B
HS HWASUNG Co., Ltd. Business Overview & Revenue Model
Company Description
Hwasung Industrial Co., Ltd., a comprehensive construction and engineering firm founded in 1958 and headquartered in Daegu, South Korea, delivers a broad spectrum of services. Its diverse offerings encompass public works, architectural projects, h...
HS HWASUNG Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 542.80B | 659.48B | 612.78B | 908.07B | 645.71B | 422.23B |
| Gross Profit | 68.99B | 94.72B | 74.37B | 83.85B | 48.03B | 54.81B |
| EBITDA | 14.91B | 49.35B | 42.66B | 47.05B | 40.81B | 42.25B |
| Net Income | 25.05B | 27.60B | 11.99B | 21.06B | 24.31B | 29.87B |
Balance Sheet | ||||||
| Total Assets | 744.24B | 742.15B | 833.48B | 991.69B | 746.13B | 807.97B |
| Cash, Cash Equivalents and Short-Term Investments | 123.20B | 114.21B | 127.43B | 280.52B | 139.87B | 343.57B |
| Total Debt | 193.85B | 183.81B | 209.33B | 369.52B | 207.75B | 154.31B |
| Total Liabilities | 309.11B | 304.28B | 450.54B | 622.25B | 389.18B | 390.98B |
| Stockholders Equity | 433.20B | 435.67B | 384.04B | 372.39B | 357.21B | 416.71B |
Cash Flow | ||||||
| Free Cash Flow | 105.09B | 50.99B | 118.63B | 3.16B | -190.15B | -19.79B |
| Operating Cash Flow | 105.69B | 51.28B | 122.66B | 4.28B | -184.62B | -14.51B |
| Investing Cash Flow | -55.28B | -43.40B | -38.82B | -53.37B | 151.76B | -95.93B |
| Financing Cash Flow | -11.35B | -32.62B | -186.11B | 132.99B | -47.13B | 83.05B |
HS HWASUNG Co., Ltd. Technical Analysis
Negative
―
Price Trends
10839.40
Negative
11149.10
Negative
11874.70
Negative
Market Momentum
-116.95
Positive
44.59
Neutral
23.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:002460, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 10764.50, equal to the 50-day MA of 10839.40, and equal to the 200-day MA of 11874.70, indicating a bearish trend. The MACD of -116.95 indicates Positive momentum. The RSI at 44.59 is Neutral, neither overbought nor oversold. The STOCH value of 23.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:002460.
HS HWASUNG Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₩91.96B | 3.10 | ― | 2.92% | 57.82% | ― | |
71 Outperform | ₩100.23B | 4.00 | ― | 7.08% | -1.62% | 174.68% | |
59 Neutral | ₩130.40B | 1.55 | ― | 1.33% | -27.47% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₩77.31B | 13.82 | ― | ― | -18.52% | -5.68% | |
44 Neutral | ₩69.48B | 24.72 | ― | 0.35% | -7.93% | ― | |
42 Neutral | ₩85.92B | -6.89 | ― | ― | 36.19% | -123.08% |
* General Sector Average
KR:002460
HS HWASUNG Co., Ltd.
10,590.00
966.05
10.04%
KR:001260
Namkwang Engineering & Construction Co., Ltd.
7,870.00
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KR:002780
Chinhung International Inc.
5,930.00
-1,030.00
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KR:004960
Hanshin Construction Co., Ltd.
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ILSUNG Construction Co., Ltd.
1,286.00
-5.00
-0.39%
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Camus Engineering & Construction, Inc.
1,539.00
562.30
57.57%
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.