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Hansol Group chemicals maker in Seoul: hydrogen peroxide, semiconductor precursors and specialty gases, display quantum-dot materials, battery binders and latex.
Hansol Group chemicals maker in Seoul: hydrogen peroxide, semiconductor precursors and specialty gases, display quantum-dot materials, battery binders and latex.
Sells chemical materials to chipmakers, display makers and paper mills: hydrogen peroxide, used for cleaning and etching in chip and circuit-board making and as a bleach, is the long-standing core. The company has shifted its mix toward higher-purity semiconductor precursors and gases, with display and battery-binder materials as additional lines. It is part of the Hansol group.
Moat: narrow (process know-how, customer qualification). Semiconductor-grade purity qualified by memory and foundry makers; legacy paper and latex lines are commodity-like.
Headquarters: Seoul, South Korea · Founded: 1980 · Employees: 716
Size Hanchem (014680.KS) is a South Korea Materials company (Chemicals: Major Diversified) with a market value of $1.30B, the 195th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩171,000 on 6 Nov 2026.
Performance Over six months the shares fell 40.0%, against -26.4% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 14.9% over the last twelve months (peer median +4.7%); the operating margin is 17.1% (peer median 9.9%).
Valuation It trades at 11.1× forward earnings against a peer median of 21.7× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points above its cost of capital (8.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩932B | ₩884B | ₩776B | ₩772B | ₩885B |
| Revenue growth | — | +14% | +1% | -13% | — |
| Gross profit | ₩255B | ₩249B | ₩217B | ₩216B | ₩275B |
| EBITDA | ₩219B | ₩210B | ₩180B | ₩177B | ₩235B |
| Net income | ₩154B | ₩147B | ₩123B | ₩105B | ₩155B |
| Free cash flow | ₩125B | ₩117B | ₩53.9B | -₩14.7B | ₩60.9B |
| Capital expenditure | ₩85.1B | ₩83.9B | ₩111B | ₩159B | ₩112B |
| Total debt | ₩308B | ₩287B | ₩268B | ₩290B | ₩259B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hanchem 014680.KS | $1.30B | -40% | +15% | 17% | 11.1× | 4.7% |
| Soulbrain 357780.KS | $1.38B | -47% | +21% | 16% | 10.6× | 3.1% |
| Mitsubishi Gas Chemical 4182.T | $3.78B | -31% | +3% | 8% | 10.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 014680.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.4% | -7.2% | lowest of 21 |
| 6-month return | -40.0% | -26.4% | 3rd lowest of 19 |
| Distance from 52-week high | -50.2% | -40.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +14.9% | +4.7% | 3rd highest of 21 |
| Operating margin | 17.1% | 9.9% | 5th highest of 21 |
| Forward P/E | 11.1× | 21.7× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 4.7% | 15.7% | 5th least demanding of 14 |
| Growth delivered (Del g) | +7.4% | +6.3% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | -2.7 pp | +11.0 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | +0.1 pp | -2.1 pp | 9th highest of 21 |
| EV / EBITDA | 8.9× | 12.0× | 3rd cheapest of 10 |
| Net debt / EBITDA | 0.4× | 1.2× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hanchem 014680.KS | South Korea | $1.30B | -40% | +15% | 17% | 11.1× | 4.7% | +7.4% |
| Lanxess LXS.DE | Germany | $1.27B | -30% | -10% | -1% | n/a | 17.9% | -1.5% |
| Jinan Acetate Chemical 4763.TW | Taiwan | $1.26B | -3% | -36% | 46% | 7.3× | -17.4% | +41.2% |
| Xinxiang Richful Lube Additive 300910.SZ | China | $1.26B | -38% | +12% | 16% | 11.6× | 0.6% | +32.5% |
| China Resources Chemical Innovative Materials 301090.SZ | China | $1.35B | -33% | +4% | 1% | 19.2× | 21.4% | +1.1% |
| Isuspecialtychemical 457190.KS | South Korea | $1.36B | -49% | +14% | 3% | n/a | n/a | n/a |
| Shanghai Emperor of Cleaning Hi-Tech 603200.SS | China | $1.37B | -16% | +4% | -8% | n/a | n/a | n/a |
| Jiangsu Shuangxing Color Plastic New Materials 002585.SZ | China | $1.38B | +5% | -4% | -4% | 62.8× | 22.5% | +0.2% |
| Rianlon 300596.SZ | China | $1.39B | -7% | +11% | 11% | 14.7× | n/a | n/a |
| Privi Speciality Chemicals PRIVISCL.NS | India | $1.40B | -4% | +18% | 20% | 30.4× | 30.1% | +15.0% |
| CNSIG Inner Mongolia Chemical Industry 600328.SS | China | $1.21B | -32% | -20% | -7% | n/a | n/a | n/a |
| Hubei Jianghan New Materials 603281.SS | China | $1.20B | -30% | +8% | 17% | 20.5× | 4.8% | +6.3% |
| Jilin Chemical Fibre Stock 000420.SZ | China | $1.42B | -25% | +11% | 5% | 154.0× | n/a | n/a |
| Nippon Soda 4041.T | Japan | $1.19B | -5% | -1% | 10% | 11.1× | 3.5% | +1.8% |
| Alzchem ACT0.DE | Germany | $1.56B | n/a | +5% | 16% | 20.9× | -1.1% | +8.2% |
| Dalian Bio-Chem 603360.SS | China | $1.05B | -55% | 0% | 16% | 23.5× | 9.5% | +18.4% |
| Victrex VCT.L | United Kingdom | $1.04B | +54% | -1% | 14% | 21.7× | 15.7% | +1.9% |
| Fine Organic Industries FINEORG.NS | India | $1.64B | +9% | +13% | 20% | 33.4× | 26.7% | +15.7% |
| Huntsman HUN | United States | $1.66B | -37% | +6% | 0% | 353.8× | n/a | n/a |
| Valiant 002643.SZ | China | $1.66B | -28% | +3% | 10% | 25.6× | 17.4% | +4.9% |
| Metis TechBio 7666.HK | Hong Kong | $1.66B | n/a | +6,987% | -367% | n/a | n/a | n/a |