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Hwashin Co., Ltd (KR:010690)
:010690
South Korea Market
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Hwashin Co., Ltd (010690) AI Stock Analysis

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KR:010690

Hwashin Co., Ltd

(010690)

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Neutral 59 (OpenAI - Gpt-5.6Sol)
Rating:59Neutral
Price Target:
$6,991.00
Action:N/A
Date:10/28/26
The score is supported primarily by very attractive valuation (low P/E with a dividend), but is held back by weak financial quality—especially deeply negative free cash flow alongside above-average leverage—and bearish technical trends with the stock trading below all major moving averages.
Positive Factors
Revenue Rebound
The sharp TTM revenue rebound indicates renewed demand for Hwashin’s automotive components and improved end-market activity. If sustained, stronger sales can support better utilization of its manufacturing base, reinforce customer relevance, and provide a foundation for earnings growth over the next several quarters.
Negative Factors
Elevated Leverage
Debt materially exceeds equity and leverage has increased from 2024 and 2025 levels, raising financial risk if earnings or cash generation weaken. Higher borrowing reduces flexibility for investment and makes interest, refinancing, and downturn management more consequential for future capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp TTM revenue rebound indicates renewed demand for Hwashin’s automotive components and improved end-market activity. If sustained, stronger sales can support better utilization of its manufacturing base, reinforce customer relevance, and provide a foundation for earnings growth over the next several quarters.
Read all positive factors

Hwashin Co., Ltd (010690) vs. SPDR S&P 500 ETF (SPY)

Hwashin Co., Ltd Business Overview & Revenue Model

Company Description
HWASHIN CO.,Ltd is a manufacturer and distributor specializing in automotive chassis and body components. Its comprehensive catalog of chassis parts features front and rear cross members, front and rear lower arms, rear CTBAs, rear trailing and as...

Hwashin Co., Ltd Financial Statement Overview

Summary
Mixed fundamentals: strong TTM revenue rebound (+38%) and continued profitability, but margin compression versus 2025 and elevated leverage (debt-to-equity ~1.38) raise risk. The biggest drag is weak cash conversion—TTM operating cash flow is low and free cash flow is deeply negative (~-₩167B), limiting financial flexibility.
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
35
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.00T1.96T1.71T1.80T1.69T1.24T
Gross Profit245.05B264.12B167.71B175.02B174.01B101.55B
EBITDA155.43B170.66B165.43B173.55B172.58B104.38B
Net Income72.68B66.71B53.58B77.27B74.22B24.38B
Balance Sheet
Total Assets1.85T1.56T1.32T1.20T1.00T870.75B
Cash, Cash Equivalents and Short-Term Investments268.54B238.09B166.60B246.91B113.30B78.08B
Total Debt850.91B727.68B520.36B499.35B416.84B394.22B
Total Liabilities1.23T987.75B804.24B751.75B647.76B582.31B
Stockholders Equity617.83B571.36B517.45B445.07B356.86B288.43B
Cash Flow
Free Cash Flow-166.97B-145.59B-96.87B13.22B23.39B-22.46B
Operating Cash Flow24.10B42.04B136.92B155.18B84.54B37.95B
Investing Cash Flow-178.87B-172.55B-224.37B-100.79B-57.88B-67.05B
Financing Cash Flow159.04B204.29B-7.39B79.58B6.15B22.64B

Hwashin Co., Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price―
Price Trends
50DMA
7595.40
Negative
100DMA
8499.00
Negative
200DMA
9884.00
Negative
Market Momentum
MACD
-254.95
Positive
RSI
40.52
Neutral
STOCH
19.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:010690, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 7120.00, equal to the 50-day MA of 7595.40, and equal to the 200-day MA of 9884.00, indicating a bearish trend. The MACD of -254.95 indicates Positive momentum. The RSI at 40.52 is Neutral, neither overbought nor oversold. The STOCH value of 19.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:010690.

Hwashin Co., Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
₩482.20B5.13―1.09%15.44%2.90%
59
Neutral
₩235.59B3.20―2.51%9.30%85.60%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
54
Neutral
₩1.81T9.42―1.94%3.50%826.11%
53
Neutral
₩3.81T-44.31―4.46%4.95%85.11%
51
Neutral
₩37.64B7.98―2.57%-6.73%―
50
Neutral
₩1.34T25.61―2.38%9.04%-37.28%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
KR:010690
Hwashin Co., Ltd
6,780.00
-1,902.52
-21.91%
KR:009900
Myoung Shin Industry Co., Ltd.
9,190.00
-21.69
-0.24%
KR:011210
Hyundai Wia Corporation
50,400.00
-4,728.41
-8.58%
KR:018880
Hanon Systems
3,710.00
-112.75
-2.95%
KR:041650
Sangsin Brake Co., Ltd.
1,944.00
-740.54
-27.59%
KR:204320
HL Mando Co., Ltd.
38,650.00
2,044.19
5.58%
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