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Hanchang Paper Co., Ltd (009460) AI Stock Analysis

KR:009460

Hanchang Paper Co., Ltd

(Korea Exchange:009460)

Select Model
Rating:38Underperform
Price Target:KRW 2,327.00â–¼(-5.02% Downside)
Action:initiatedcoverage
Date:11/02/26

Weak financial performance is the primary drag, led by negative free cash flow and continuing losses. Technical momentum is also unfavorable, while the negative P/E and unavailable dividend yield provide no valuation support.

Positive Factors
Operating recoveryImproving TTM revenue, positive EBIT and wider gross margin show a meaningful recovery in operating performance. If sustained, this progress can strengthen earnings capacity and provide a better base for reinvestment, although profitability remains constrained by the continuing net loss.
Negative Factors
Persistent net lossesThe company remains loss-making despite improved EBIT, while results have moved between profit and loss across recent periods. This volatility limits confidence in durable earnings power, reduces the cushion against cost or pricing pressure, and weakens the ability to build equity through retained profits.

Hanchang Paper Co., Ltd (009460) vs. SPDR S&P 500 ETF (SPY)

-40%-30%-20%-10%0%10%20%30%KR:009460-10.00%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 30.02B
Dividend Yield
―
Average Volume (3M)
17.04K
Price to Earnings (P/E)
-5.1
Beta (1Y)
0.00
Revenue Growth
-2.82%
EPS Growth
-74.26%
Country
KR
Employees
249
Sector
General
Sector Strength
55
Industry
Paper, Lumber & Forest Products

Hanchang Paper Co., Ltd Business Overview & Revenue Model

Company Description

Hanchangpaper Co., Ltd. operates globally as a producer and distributor of various paperboard items. Its product range encompasses industrial-grade paperboard and a diverse selection of specialty paperboards, including colored, extra-processed, and r...

Hanchang Paper Co., Ltd Financial Statement Overview

Summary

Revenue and gross margin improved, and leverage declined, but persistent net losses, negative free cash flow, low operating profitability, and debt exceeding equity produce a weak financial profile.

Income Statement

38Negative

Balance Sheet

45Neutral

Cash Flow

25Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue271.34B266.95B294.26B276.03B214.92B182.21B
Gross Profit28.15B18.80B28.29B15.81B26.39B39.02B
EBITDA11.50B5.07B10.11B-1.13B11.18B26.04B
Net Income-5.80B-13.13B2.64B-17.49B1.26B15.02B
Balance Sheet
Total Assets346.34B287.46B287.56B288.90B283.06B248.60B
Cash, Cash Equivalents and Short-Term Investments15.51B20.95B11.11B21.48B13.53B52.37B
Total Debt153.69B154.23B140.47B145.15B121.23B96.07B
Total Liabilities211.48B204.53B193.18B197.86B172.63B140.05B
Stockholders Equity134.86B82.93B94.38B91.04B110.43B108.55B
Cash Flow
Free Cash Flow-7.17B-2.28B-2.01B-14.46B-62.72B-25.26B
Operating Cash Flow5.19B5.41B3.36B-2.50B6.90B13.91B
Investing Cash Flow-9.53B-5.90B-5.41B-11.57B-69.44B-38.68B
Financing Cash Flow12.97B10.40B-8.41B22.07B24.43B48.30B

Hanchang Paper Co., Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price2450.00

Price Trends

50DMA2752.90Negative
100DMA2744.90Negative
200DMA2658.95Negative

Market Momentum

MACD-58.03Negative
RSI34.17Neutral
STOCH47.35Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:009460, the sentiment is Negative. The current price of 2450.00 is below the 20-day moving average (MA) of 2604.50, below the 50-day MA of 2752.90, and below the 200-day MA of 2658.95, indicating a bearish trend. The MACD of -58.03 indicates Negative momentum. The RSI at 34.17 is Neutral, neither overbought nor oversold. The STOCH value of 47.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:009460.

Hanchang Paper Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:009460 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:009770KR:00977064NeutralKRW 65.00B4.28―3.85%-21.91%-16.10%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:213500KR:21350052NeutralKRW 161.69B7.33―7.35%2.63%―
KR:001020KR:00102048NeutralKRW 64.60B-5.78――3.75%38.79%
KR:009200KR:00920045NeutralKRW 55.76B-0.88―9.33%-1.57%-571.28%
KR:027970KR:02797044NeutralKRW 69.32B-0.83――-0.57%-50413.86%
KR:009460KR:00946038UnderperformKRW 30.54B-5.11――-2.82%-74.26%

* General Sector Average

Performance Comparison

-40%-20%0%20%KR:009460KR:001020KR:009200KR:009770KR:027970KR:213500Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:009460 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:009460Hanchang Paper Co., Ltd2475.00-325.00-11.61%
KR:001020PaperCorea, Inc.1818.00-1612.00-47.00%
KR:009200Moorim Paper Co., Ltd1340.00-495.43-26.99%
KR:009770Sam Jung Pulp Co., Ltd26000.00-2324.37-8.21%
KR:027970Hankuk Paper MFG. CO., LTD1824.00-2096.00-53.47%
KR:213500Hansol Paper Co., Ltd.6800.00-727.14-9.66%
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