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Hanon Systems
(018880)
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Rating:53Neutral
Price Target:
$3,740.00
Action:N/A
Date:10/28/26
The score is driven primarily by improving financial trends (growth, better operating profitability, and a return to positive free cash flow) but is held back by recent earnings volatility, still-meaningful leverage with limited debt coverage, and weak valuation signals due to negative earnings. Technical indicators add a neutral-to-slightly soft backdrop.
Positive Factors
Steady Revenue Growth
Sustained revenue growth indicates expanding business activity across Hanon Systems’ automotive thermal and energy-management offerings. If maintained, this top-line momentum can improve operating leverage, support customer-platform participation, and provide a stronger base for restoring consistent profitability.
Negative Factors
Volatile and Weak Net Profitability
Recent losses and a still-negative TTM net margin show that revenue growth has not yet translated into dependable bottom-line earnings. This weakens internal capital generation, makes returns less predictable, and leaves the business more exposed if operating margins deteriorate again.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue growth indicates expanding business activity across Hanon Systems’ automotive thermal and energy-management offerings. If maintained, this top-line momentum can improve operating leverage, support customer-platform participation, and provide a stronger base for restoring consistent profitability.
Read all positive factors
Hanon Systems (018880) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩3.81T
Dividend Yield4.46%
Average Volume (3M)6.35M
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth4.95%
EPS Growth85.11%
CountryKR
Employees2,223
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)-83.72
Shares Outstanding1,026,251,300
10 Day Avg. Volume5,943,068
30 Day Avg. Volume6,350,483
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.57
Price to Sales (P/S)0.20
P/FCF Ratio-11.18
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)246.93
Revenue Forecast (FY)₩11.27T
Hanon Systems Business Overview & Revenue Model
Company Description
Hanon Systems provides automotive thermal management solutions in Korea. The company offers heating, ventilation, and air conditioning technologies, such as omnifarious HVAC designs, high-efficiency blower scrolls, visible (VR) LED photocatalyst, ...
Hanon Systems Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
57
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.03T | 10.88T | 10.00T | 9.56T | 8.63T | 7.35T |
| Gross Profit | 1.13T | 965.30B | 812.18B | 908.18B | 847.08B | 848.99B |
| EBITDA | 1.20T | 1.01T | 586.26B | 916.08B | 760.63B | 943.41B |
| Net Income | -5.47B | -198.55B | -363.26B | 50.99B | 20.44B | 308.51B |
Balance Sheet | ||||||
| Total Assets | 10.97T | 10.49T | 10.62T | 9.24T | 9.10T | 8.23T |
| Cash, Cash Equivalents and Short-Term Investments | 997.85B | 937.29B | 1.36T | 793.06B | 1.45T | 1.42T |
| Total Debt | 3.79T | 3.86T | 4.57T | 4.15T | 4.28T | 3.72T |
| Total Liabilities | 6.71T | 6.58T | 7.62T | 6.74T | 6.73T | 5.76T |
| Stockholders Equity | 4.11T | 3.77T | 2.85T | 2.37T | 2.24T | 2.34T |
Cash Flow | ||||||
| Free Cash Flow | 315.86B | -190.55B | -171.63B | -282.16B | -263.35B | 32.31B |
| Operating Cash Flow | 582.97B | 112.34B | 569.25B | 517.36B | 378.31B | 636.31B |
| Investing Cash Flow | -337.82B | -547.00B | -732.73B | -677.28B | -643.32B | -557.28B |
| Financing Cash Flow | -162.91B | 949.57M | 650.56B | -480.27B | 261.99B | -24.23B |
Hanon Systems Technical Analysis
Neutral
―
Price Trends
3594.80
Positive
3735.40
Negative
3921.15
Negative
Market Momentum
41.08
Positive
50.63
Neutral
24.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:018880, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 3765.75, equal to the 50-day MA of 3594.80, and equal to the 200-day MA of 3921.15, indicating a neutral trend. The MACD of 41.08 indicates Positive momentum. The RSI at 50.63 is Neutral, neither overbought nor oversold. The STOCH value of 24.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for KR:018880.
Hanon Systems Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₩2.21T | 5.85 | ― | 5.55% | 10.27% | 26.15% | |
69 Neutral | ₩86.70B | 7.76 | ― | 0.73% | -3.25% | -2.47% | |
59 Neutral | ₩235.59B | 3.20 | ― | 2.51% | 9.30% | 85.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₩1.81T | 9.42 | ― | 1.94% | 3.50% | 826.11% | |
53 Neutral | ₩3.81T | -44.31 | ― | 4.46% | 4.95% | 85.11% | |
50 Neutral | ₩1.34T | 25.61 | ― | 2.38% | 9.04% | -37.28% |
* General Sector Average
KR:018880
Hanon Systems
3,710.00
-112.75
-2.95%
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6,780.00
-1,902.52
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Hyundai Wia Corporation
50,400.00
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-8.58%
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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.