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THN Corporation (019180) AI Stock Analysis

KR:019180

THN Corporation

(Korea Exchange:019180)

Select Model
Rating:67Neutral
Price Target:KRW 4,953.00â–²(12.31% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is supported primarily by improved financial performance (strong post-2022 profitability, reduced leverage, and positive free cash flow) and very attractive valuation (low P/E with a dividend). These positives are tempered by weak technicals, with the stock trading below key moving averages and showing bearish momentum (negative MACD and sub-50 RSI).

Positive Factors
Profitability RecoveryThe rebound from the 2022 loss to strong 2025 and TTM earnings indicates materially improved operating performance. Solid net and EBIT margins provide an earnings base that can support reinvestment, resilience, and sustained value creation over the next several quarters.
Negative Factors
Moderating Revenue GrowthThe sharp deceleration in revenue growth suggests that recent earnings strength is not being matched by similarly strong top-line expansion. Without faster sales growth, future profit gains may depend more heavily on efficiency and margins, which can limit the durability of earnings momentum.

THN Corporation (019180) vs. SPDR S&P 500 ETF (SPY)

-40%-20%0%20%40%60%80%KR:019180-22.34%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 79.38B
Dividend Yield
2.72%
Average Volume (3M)
80.47K
Price to Earnings (P/E)
1.0
Beta (1Y)
0.30
Revenue Growth
48.21%
EPS Growth
105.46%
Country
KR
Employees
847
Sector
General
Sector Strength
55
Industry
Auto - Parts

THN Corporation Business Overview & Revenue Model

Company Description

THN Corporation is a company that specializes in the global manufacturing and distribution of automotive electronic products, with its operations spanning both South Korea and international markets. Their product portfolio includes essential componen...

THN Corporation Financial Statement Overview

Summary

Financials show a strong rebound since 2022: profitability improved materially with solid margins (TTM net margin ~6.7%, EBIT margin ~7.4%), leverage declined meaningfully (debt-to-equity down to ~0.37x TTM), and free cash flow remains positive. Offsets are cooling revenue growth (~0.5% in 2025; ~3.2% TTM) and weakening recent FCF momentum (TTM FCF down ~11%) alongside historical cash-flow volatility.

Income Statement

76Positive

Balance Sheet

73Positive

Cash Flow

62Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.13T989.13B651.08B586.30B469.67B402.73B
Gross Profit177.75B162.91B91.17B91.95B71.32B54.02B
EBITDA104.19B88.47B58.86B57.31B21.90B37.73B
Net Income75.80B68.65B31.84B28.42B-6.33B17.19B
Balance Sheet
Total Assets689.90B613.08B454.35B402.98B371.35B339.94B
Cash, Cash Equivalents and Short-Term Investments93.50B92.24B54.66B44.29B37.51B47.30B
Total Debt100.11B120.06B130.09B121.55B139.77B148.20B
Total Liabilities418.07B386.90B306.37B284.77B279.92B252.25B
Stockholders Equity270.61B224.70B147.98B111.53B86.88B86.87B
Cash Flow
Free Cash Flow47.95B53.73B15.76B24.77B2.08B-23.35B
Operating Cash Flow65.42B72.11B33.95B44.72B29.88B-790.64M
Investing Cash Flow-19.94B-46.41B-25.06B-13.04B-18.84B-13.19B
Financing Cash Flow-22.64B-11.17B-6.40B-24.59B-14.38B32.71B

THN Corporation Technical Analysis

Technical Analysis SentimentNegative
Last Price4410.00

Price Trends

50DMA4982.70Negative
100DMA5561.95Negative
200DMA6682.12Negative

Market Momentum

MACD-163.74Negative
RSI34.10Neutral
STOCH45.14Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:019180, the sentiment is Negative. The current price of 4410.00 is below the 20-day moving average (MA) of 4647.50, below the 50-day MA of 4982.70, and below the 200-day MA of 6682.12, indicating a bearish trend. The MACD of -163.74 indicates Negative momentum. The RSI at 34.10 is Neutral, neither overbought nor oversold. The STOCH value of 45.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:019180.

THN Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:019180 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:005850KR:00585075OutperformKRW 2.14T5.74―5.72%10.27%26.15%
KR:019180KR:01918067NeutralKRW 79.38B1.05―2.72%48.21%105.46%
KR:015750KR:01575060NeutralKRW 415.16B3.99―3.53%1.70%29.50%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:204320KR:20432054NeutralKRW 1.74T9.07―2.02%1.85%-33.95%
KR:018880KR:01888053NeutralKRW 3.60T-41.92――4.95%85.11%
KR:011210KR:01121050NeutralKRW 1.31T24.97―2.43%12.15%-33.00%

* General Sector Average

Performance Comparison

0%50%100%KR:019180KR:005850KR:011210KR:015750KR:018880KR:204320Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:019180 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:019180THN Corporation4410.00-1268.65-22.34%
KR:005850SL Corporation48400.0014485.7742.71%
KR:011210Hyundai Wia Corporation49350.00-8633.27-14.89%
KR:015750Sungwoo Hitech Co., Ltd5190.00-1254.42-19.47%
KR:018880Hanon Systems3510.00-393.42-10.08%
KR:204320HL Mando Co., Ltd.37050.00-541.16-1.44%
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