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Hanwha000880.KSCompetitor analysis, valuation and peers

South Korea · KRW·Industrials›Industrial Specialties

Core trading/holding company of Hanwha Group, spanning explosives, machinery and trading, plus stakes in Hanwha's defense/chemical units.

Momentum neutral 45
Mkt cap
$2.86B
US dollars, full cap
Free float
26%
of shares outstanding
$/day
$7.02M
20-day average traded
Fwd P/E
4.5×
forward earnings
ROIC−WACC
-0.8 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
117 days
3 Mar 2027
Close · KRW₩81,400
1D-4.2%
1W-8.2%
1M-31.0%
3M-11.1%
6M-29.5%
YTD+0.8%
1Y-4.2%
ATR %8.2%
52w lowhigh51.1% off high

What Hanwha does

Core trading/holding company of Hanwha Group, spanning explosives, machinery and trading, plus stakes in Hanwha's defense/chemical units.

Owns operating units in explosives, machinery and trading, but part of its value and earnings comes through listed affiliates of the Hanwha group that it partly owns, including defense and solar units, so results depend on those companies' fortunes and dividends. The Kim family, led by Kim Seung-youn, controls the group.

Products and services

  • Industrial explosives
  • Machine tools/machinery
  • Trading and retail investments
  • Stakes in Hanwha Aerospace/Solutions

Customers

  • Mining/construction (explosives)
  • Manufacturers (machine tools)

Where it sits in the supply chain

  • Industrial conglomerate
  • Explosives, machinery and trading
  • Group holding/operating company

What could go right

  • Defense/explosives demand growth
  • Value of Hanwha Aerospace/Solutions stakes

What could go wrong

  • Holding-structure complexity
  • Explosives/mining-cycle demand swings

Moat: narrow (scale, regulatory licence). Licensed explosives maker and long-standing group trading arm with diversified holdings.

Headquarters: Seoul, South Korea · Founded: 1952 · Employees: 3,264

Named competitors

Hanwha at a glance

Size Hanwha (000880.KS) is a South Korea Industrials company (Industrial Specialties) with a market value of $2.86B, the 103rd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩81,400 on 6 Nov 2026.

Performance Over six months the shares fell 29.5%, against -50.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 34.6% over the last twelve months (peer median +25.0%); the operating margin is 6.1% (peer median 7.3%).

Valuation It trades at 4.5× forward earnings against a peer median of 14.5× (cheapest of 17).

Capital Return on invested capital runs 0.8 points below its cost of capital (5.0% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026000880.KS 66Peer median 49
Six months, rebased to 100: Hanwha against the median of its 20 peers (local-currency closes).

Hanwha financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩89.0T₩74.8T₩55.6T₩53.1T₩62.3T
Revenue growth—+34%+5%-15%—
Gross profit₩10.5T₩9.37T₩6.57T₩6.03T₩5.66T
EBITDA₩8.00T₩6.50T₩4.02T₩3.97T₩3.87T
Net income₩798B₩372B₩773B₩380B₩1.31T
Free cash flow-₩3.78T₩1.64T₩1.24T-₩1.09T₩955B
Capital expenditure₩4.65T₩6.10T₩5.92T₩4.58T₩1.83T
Total debt₩73.9T₩62.1T₩45.5T₩30.6T₩25.8T

Quarterly statements and history in the cockpit →

Hanwha competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-40%-20%267270001040047040062040012750454910240810108490006260001440241560066970052690000500028670036930017800277810319660079550000880.KS6-month return →1-month return →
Up and to the right = strong over both horizons. Hanwha is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×200×400×600×267270001040047040062040012750006260001440052690036930277810000880.KSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hanwha is the large dot.

Hanwha competitors and peer comparison

Head to head with its named competitors (000880.KS vs 103140.KS vs 028260.KS vs 034730.KS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Hanwha 000880.KS$2.86B-30%+35%6%4.5×n/a
Poongsan 103140.KS$1.05B-47%+20%7%5.2×n/a
Samsung C&t 028260.KS$31.3B-8%+14%8%15.0×5.9%
SK 034730.KS$17.9B+5%+15%7%2.2×n/a

How Hanwha compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hanwha against its 20 peers (data as of 6 Nov 2026)
Measure000880.KSPeer medianRank in peer set
1-month return-31.0%-37.5%10th highest of 21
6-month return-29.5%-50.5%7th highest of 21
Distance from 52-week high-51.1%-63.9%6th highest of 21
Revenue growth (TTM)+34.6%+25.0%6th highest of 21
Operating margin6.1%7.3%10th lowest of 21
Forward P/E4.5×14.5×cheapest of 17
ROIC minus cost of capital-0.8 pp-0.4 pp10th lowest of 21
EV / EBITDA5.5×13.5×cheapest of 10
Net debt / EBITDA-0.2×2.6×4th least indebted of 11

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hanwha 000880.KSSouth Korea$2.86B-30%+35%6%4.5×n/an/a
Hd Ce 267270.KSSouth Korea$2.80B-56%+115%8%8.6×-9.6%+9.6%
CJ 001040.KSSouth Korea$2.71B-49%+5%5%7.3×-1.8%+7.1%
DWEC 047040.KSSouth Korea$3.11B-70%-16%-7%7.7×-4.9%-0.2%
Sanil Electric 062040.KSSouth Korea$2.62B-56%+29%36%17.1×15.1%+50.8%
S-1 012750.KSSouth Korea$2.45B+14%+1%7%21.8×-1.2%+5.4%
Doosan Robotics 454910.KSSouth Korea$2.41B-54%+97%-91%n/an/an/a
Wonik IPS 240810.KSSouth Korea$2.39B-43%+9%8%14.7×29.4%-3.6%
ROBOTIS 108490.KSSouth Korea$2.37B-30%+52%-16%n/an/an/a
LS 006260.KSSouth Korea$3.51B-62%+30%4%8.0×n/an/a
Taihan Cable & Solution 001440.KSSouth Korea$2.31B-70%+22%5%99.2×n/an/a
Doosan Bobcat 241560.KSSouth Korea$3.64B-28%+11%9%9.0×-13.3%+15.5%
L&F 066970.KSSouth Korea$2.15B-62%+81%8%n/an/an/a
Kepco E&c 052690.KSSouth Korea$2.07B-61%+8%10%45.6×n/an/a
Gaon Cable 000500.KSSouth Korea$3.97B+50%+32%3%n/an/an/a
PanOcean 028670.KSSouth Korea$1.91B-12%+24%9%5.0×n/an/a
Jusung Engineering 036930.KSSouth Korea$4.39B+5%-33%0%145.3×n/an/a
Hyundai Elevator 017800.KSSouth Korea$1.79B-31%-9%9%9.4×-5.5%+6.3%
Rainbow Robotics 277810.KSSouth Korea$4.59B-52%+92%-16%653.8×n/an/a
Psk 319660.KSSouth Korea$1.66B-12%+32%25%14.4×6.1%+11.5%
LIG Defense&Aerospace 079550.KSSouth Korea$5.24B-65%+26%8%20.0×n/an/a

Questions

Who are Hanwha's main competitors?
Named competitors: Poongsan (103140.KS), Samsung C&T (028260.KS), SK Inc (034730.KS). The cockpit's measured peer set (sector in the same market, nearest in size) also includes Hd Ce (267270.KS), CJ (001040.KS), DWEC (047040.KS), Sanil Electric (062040.KS), S-1 (012750.KS), Doosan Robotics (454910.KS).
Is Hanwha expensive compared with its peers?
On forward p/e it trades at 4.5× against a peer median of 14.5×, cheapest of 17 in its peer set.
How has Hanwha stock performed?
Over six months to 6 Nov 2026 the shares returned -29.5% against -50.5% for the median peer; over one year -4.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.