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HWASEUNG Industries Co., Ltd. (006060) AI Stock Analysis

KR:006060

HWASEUNG Industries Co., Ltd.

(Korea Exchange:006060)

Select Model
Rating:60Neutral
Price Target:KRW 2,210.00â–²(8.07% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is driven primarily by mixed financial performance—improved profitability and positive free cash flow, but constrained by high leverage and some margin compression. Valuation is a meaningful positive with a low P/E and high dividend yield. Technicals are the main offset, with a sustained downtrend and negative MACD despite oversold readings.

Positive Factors
Profitability RecoveryThe return to positive earnings after losses in 2021 and 2023 indicates meaningful operational recovery. Although current margins remain modest, renewed profitability can support internal funding, improve resilience, and provide a base for further earnings improvement over the next several quarters.
Negative Factors
High LeverageThe debt-heavy capital structure materially reduces financial flexibility and increases exposure to weaker operating conditions. High leverage can constrain investment and shareholder returns because more cash must support obligations, leaving less capacity to absorb a downturn or fund growth.

HWASEUNG Industries Co., Ltd. (006060) vs. SPDR S&P 500 ETF (SPY)

-50%-40%-30%-20%-10%0%10%20%KR:006060-44.89%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 97.99B
Dividend Yield
10.07%
Average Volume (3M)
58.67K
Price to Earnings (P/E)
5.2
Beta (1Y)
0.04
Revenue Growth
-10.62%
EPS Growth
14.01%
Country
KR
Employees
29
Sector
General
Sector Strength
55
Industry
Apparel - Footwear & Accessories

HWASEUNG Industries Co., Ltd. Business Overview & Revenue Model

Company Description

Hwaseung Industries Co.,Ltd., a South Korean enterprise established in 1969, maintains its headquarters in Busan. The company operates globally, with core activities centered on the manufacturing of footwear and a diverse range of precision chemical...

HWASEUNG Industries Co., Ltd. Financial Statement Overview

Summary

Profitability has recovered to positive earnings and margins in 2024–2025 and TTM 2026, with positive operating cash flow and free cash flow. However, leverage is a major constraint (debt-to-equity ~2.54x TTM), margins have compressed versus 2024, and revenue/cash-flow trends appear volatile rather than consistently improving.

Income Statement

62Positive

Balance Sheet

42Neutral

Cash Flow

56Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.72T1.78T1.87T1.47T1.91T1.37T
Gross Profit260.23B259.49B307.39B230.46B277.66B176.32B
EBITDA159.29B160.07B196.31B111.48B133.85B98.74B
Net Income29.72B19.34B39.13B-24.99B84.44M-4.20B
Balance Sheet
Total Assets1.68T1.59T1.83T1.65T1.78T1.64T
Cash, Cash Equivalents and Short-Term Investments222.43B183.64B203.18B220.16B309.44B262.74B
Total Debt844.56B768.78B875.40B789.64B852.67B700.17B
Total Liabilities1.12T1.03T1.21T1.04T1.12T1.00T
Stockholders Equity332.98B334.08B352.62B314.90B344.98B358.49B
Cash Flow
Free Cash Flow89.86B117.06B38.62B12.72B-22.62B-98.70B
Operating Cash Flow130.27B177.56B96.98B74.09B119.98B9.90B
Investing Cash Flow-17.14B-76.68B-41.44B-55.99B-231.52B-126.21B
Financing Cash Flow-75.11B-108.27B-61.97B-89.41B106.62B41.56B

HWASEUNG Industries Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price2045.00

Price Trends

50DMA2321.20Negative
100DMA2414.10Negative
200DMA2855.02Negative

Market Momentum

MACD-62.66Positive
RSI24.55Positive
STOCH11.66Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:006060, the sentiment is Negative. The current price of 2045.00 is below the 20-day moving average (MA) of 2203.00, below the 50-day MA of 2321.20, and below the 200-day MA of 2855.02, indicating a bearish trend. The MACD of -62.66 indicates Positive momentum. The RSI at 24.55 is Positive, neither overbought nor oversold. The STOCH value of 11.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:006060.

HWASEUNG Industries Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:006060 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:090350KR:09035067NeutralKRW 169.49B5.12―4.88%-0.96%52.35%
KR:004430KR:00443066NeutralKRW 253.20B4.37―2.84%7.90%170.58%
KR:006060KR:00606060NeutralKRW 108.05B5.22―10.07%-10.62%14.01%
KR:000390KR:00039059NeutralKRW 158.57B12.71―5.48%1.96%37.24%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:007690KR:00769054NeutralKRW 263.17B6.53―4.24%30.58%59.17%
KR:005420KR:00542042NeutralKRW 366.00B-18.59――2.95%67.82%

* General Sector Average

Performance Comparison

-50%0%50%100%KR:006060KR:000390KR:004430KR:005420KR:007690KR:090350Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:006060 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:006060HWASEUNG Industries Co., Ltd.2045.00-1680.05-45.10%
KR:000390SP SAMHWA CO. LTD.6390.00911.4116.64%
KR:004430Songwon Industrial Co., Ltd.10550.001426.5015.64%
KR:005420Cosmo Chemical Co., Ltd.9540.00-9870.00-50.85%
KR:007690Kukdo Chemical Co., Ltd.30650.0091.550.30%
KR:090350Noroo Paint & Coatings Co., Ltd.8200.00268.903.39%
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