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Hancom Inc. (030520) AI Stock Analysis

KR:030520

Hancom Inc.

(Korea Exchange:030520)

Select Model
Rating:65Neutral
Price Target:$17,275.00â–²(13.73% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is primarily supported by improving fundamentals—strong free cash flow and a meaningful profitability rebound—plus a reasonable P/E with a ~3% dividend yield. These positives are tempered by weak technicals (price below major moving averages and negative MACD), indicating near-term trend pressure despite oversold signals.

Positive Factors
Revenue GrowthRevenue has stabilized and expanded across 2023–2025, with solid 2025 sales growth. This improving top-line trajectory indicates renewed demand for Hancom’s software and creates a stronger base for operating leverage, product investment, and sustained cash generation over the next several quarters.
Negative Factors
Earnings VolatilityThe sharp 2022 revenue decline and uneven operating profitability show that Hancom’s earnings power can weaken materially when conditions soften. This historical variability makes future profit delivery less predictable and increases the importance of sustaining the recent recovery.

Hancom Inc. (030520) vs. SPDR S&P 500 ETF (SPY)

-40%-30%-20%-10%0%10%20%KR:030520-38.54%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 366.94B
Dividend Yield
3.22%
Average Volume (3M)
123.54K
Price to Earnings (P/E)
14.4
Beta (1Y)
0.32
Revenue Growth
18.25%
EPS Growth
208.01%
Country
KR
Employees
―
Sector
General
Sector Strength
55
Industry
Software - Application

Hancom Inc. Business Overview & Revenue Model

Company Description

Hancom Inc is a South Korean software development firm that creates a diverse range of applications. Its offerings encompass cloud-based services, traditional office productivity suites, and web-centric software solutions. The company's office softwa...

Hancom Inc. Financial Statement Overview

Summary

Strong cash generation (positive operating cash flow and free cash flow across all years, with a notable step-up in 2025) and improved profitability in 2025 (healthy double-digit net margin, ~60% gross margins) support a solid score. Offsetting factors are historical volatility (sharp 2022 disruption and uneven operating profitability) and rising total debt versus 2023, which increases the need for sustained execution.

Income Statement

76Positive

Balance Sheet

74Positive

Cash Flow

80Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue329.45B326.74B304.77B271.10B242.01B391.67B
Gross Profit197.71B198.12B187.27B159.37B146.89B188.66B
EBITDA85.17B52.14B47.83B4.98B64.74B67.34B
Net Income33.56B34.38B13.88B15.08B-21.70B4.37B
Balance Sheet
Total Assets725.58B728.55B681.94B631.78B694.89B846.66B
Cash, Cash Equivalents and Short-Term Investments154.51B163.65B130.48B143.33B202.88B235.57B
Total Debt72.02B64.05B45.09B23.03B49.60B71.54B
Total Liabilities233.21B232.05B196.27B161.20B213.92B296.95B
Stockholders Equity363.47B366.70B348.46B335.00B315.69B277.91B
Cash Flow
Free Cash Flow51.01B53.62B34.09B27.56B2.81B24.34B
Operating Cash Flow65.03B69.73B55.97B47.13B23.76B54.21B
Investing Cash Flow-20.43B-26.24B-36.36B-46.49B-60.94B-34.20B
Financing Cash Flow-28.85B-18.70B5.90B-26.82B-18.33B50.53B

Hancom Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price15190.00

Price Trends

50DMA17017.40Negative
100DMA17478.40Negative
200DMA19398.20Negative

Market Momentum

MACD-436.61Positive
RSI35.53Neutral
STOCH21.02Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:030520, the sentiment is Negative. The current price of 15190.00 is below the 20-day moving average (MA) of 16577.00, below the 50-day MA of 17017.40, and below the 200-day MA of 19398.20, indicating a bearish trend. The MACD of -436.61 indicates Positive momentum. The RSI at 35.53 is Neutral, neither overbought nor oversold. The STOCH value of 21.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:030520.

Hancom Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:030520 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:029530KR:02953066NeutralKRW 299.78B8.26―2.75%5.78%12.34%
KR:030520KR:03052065NeutralKRW 366.94B14.38―3.22%18.25%208.01%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-50%0%50%KR:030520KR:029530KR:039440KR:041020KR:042000KR:236200Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:030520 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:030520Hancom Inc.15190.00-9966.71-39.62%
KR:029530Sindoh Co., Ltd.36300.00-6132.27-14.45%
KR:039440Systems Technology, Inc.25350.002601.6511.44%
KR:041020Polaris Office Corp.2675.00-2575.00-49.05%
KR:042000Cafe24 Corp.16480.00-20020.00-54.85%
KR:236200Suprema Inc.45650.0011950.0035.46%
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