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South Korea's largest tire maker, selling passenger, SUV and truck tires globally and to automakers.
South Korea's largest tire maker, selling passenger, SUV and truck tires globally and to automakers.
Sells tires both fitted to new cars at automakers' plants and as replacements through dealers and tire shops; replacement sales usually carry better margins and steady demand because tires wear out. Plants in Korea, China, Hungary, Indonesia and the US let it produce near its main markets.
In one line: Korea's Goodyear.
Moat: narrow (scale, brand, distribution). Global manufacturing scale and OE qualification with major automakers.
Headquarters: Seoul, South Korea · Founded: 1941 · Employees: 6,493
Size Hankook Tire & Technology (161390.KS) is a South Korea Consumer Discretionary company (Automotive Aftermarket) with a market value of $5.56B, the 71st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩61,900 on 6 Nov 2026.
Performance Over six months the shares gained 4.6%, against +1.4% for the median peer and -24.5% for the South Korea market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 42.9% over the last twelve months (peer median +4.8%); the operating margin is 10.1% (peer median 8.4%).
Valuation It trades at 6.1× forward earnings against a peer median of 16.2× (cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -40 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points above its cost of capital (5.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩21.9T | ₩21.2T | ₩9.41T | ₩8.94T | ₩8.39T |
| Revenue growth | — | +125% | +5% | +6% | — |
| Gross profit | ₩4.85T | ₩4.35T | ₩3.33T | ₩2.76T | ₩1.98T |
| EBITDA | ₩3.62T | ₩3.22T | ₩2.28T | ₩1.83T | ₩1.24T |
| Net income | ₩1.21T | ₩1.09T | ₩1.11T | ₩720B | ₩690B |
| Free cash flow | ₩474B | -₩507B | ₩855B | ₩1.55T | ₩208B |
| Capital expenditure | ₩2.03T | ₩2.31T | ₩1.04T | ₩429B | ₩308B |
| Total debt | ₩6.79T | ₩6.41T | ₩1.83T | ₩1.17T | ₩1.94T |
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 |
|---|---|---|---|---|---|---|
| Hankook Tire & Technology 161390.KS | $5.56B | +5% | +43% | 10% | 6.1× | -13.2% |
| Bridgestone 5108.T | $31.7B | +28% | +6% | 12% | 14.0× | -1.9% |
| Cie Generale des Etablissements Michelin ML.PA | $25.1B | +5% | -4% | 10% | 12.6× | 3.7% |
| Goodyear Tire & Rubber GT | $1.26B | -33% | -4% | 3% | n/a | 5.9% |
| Yokohama Rubber 5101.T | $6.78B | +8% | +13% | 15% | 8.1× | n/a |
| Kumhotire 073240.KS | $1.12B | -9% | +2% | 12% | 4.2× | 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 | 161390.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +1.8% | 10th highest of 20 |
| 6-month return | +4.6% | +1.4% | 9th highest of 20 |
| Distance from 52-week high | -20.2% | -21.5% | 10th highest of 20 |
| Revenue growth (TTM) | +42.9% | +4.8% | 2nd highest of 20 |
| Operating margin | 10.1% | 8.4% | 7th highest of 19 |
| Forward P/E | 6.1× | 16.2× | cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -13.2% | 0.0% | least demanding of 16 |
| Growth delivered (Del g) | +26.9% | +9.5% | highest of 16 |
| Hurdle (Req g minus delivered) | -40.1 pp | -6.4 pp | least demanding of 16 |
| ROIC minus cost of capital | +2.3 pp | -0.4 pp | 7th highest of 19 |
| EV / EBITDA | 3.7× | 7.8× | 2nd cheapest of 12 |
| Net debt / EBITDA | 1.0× | 1.3× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hankook Tire & Technology 161390.KS | South Korea | $5.56B | +5% | +43% | 10% | 6.1× | -13.2% | +26.9% |
| MRF MRF.NS | India | $5.62B | -4% | +11% | 10% | 25.7× | 20.7% | +14.0% |
| Sailun 601058.SS | China | $5.92B | -10% | +12% | 12% | 10.4× | n/a | n/a |
| LKQ LKQ | United States | $5.06B | -31% | -3% | 7% | 9.3× | 0.0% | +3.3% |
| Balkrishna Industries BALKRISIND.NS | India | $4.93B | +7% | +20% | 15% | 30.5× | n/a | n/a |
| Yokohama Rubber 5101.T | Japan | $6.78B | +8% | +13% | 15% | 8.1× | n/a | n/a |
| Dorman Products DORM | United States | $4.03B | +10% | +2% | 16% | 15.8× | 4.3% | +14.3% |
| Pirelli & C PIRC.MI | Italy | $8.27B | +10% | -1% | -9% | 13.3× | -2.4% | +9.5% |
| Sumitomo Rubber Industries 5110.T | Japan | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% | +8.8% |
| Toyo Tire 5105.T | Japan | $3.17B | +6% | +4% | 15% | 8.2× | -7.3% | +11.6% |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% | -1.2% |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 16.6× | 15.6% | +10.7% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | China | $2.70B | -19% | +14% | 8% | 9.7× | n/a | n/a |
| Qingdao Sentury Tire 002984.SZ | China | $2.62B | -25% | +2% | 8% | 16.7× | 3.4% | +12.8% |
| Shandong Linglong Tyre 601966.SS | China | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% | +6.0% |
| Nokian Renkaat TYRES.HE | Finland | $2.21B | +37% | +5% | 6% | 27.4× | 19.4% | +0.9% |
| Continental CON.DE | Germany | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% | -9.2% |
| Haian Rubber 001233.SZ | China | $1.82B | +9% | -4% | 23% | 25.6× | 1.8% | +13.7% |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 31.0× | 24.9% | +15.5% |
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | n/a | -2.9% | +1.0% |