Loading…
Korean maker of silicon and silicon-carbide electrodes/rings used as wear parts inside plasma etch chambers.
Korean maker of silicon and silicon-carbide electrodes/rings used as wear parts inside plasma etch chambers.
Sells parts that wear out as they are used in plasma etching, so reorders track how many wafers its customers etch, not their new-factory spending. It grows its own silicon ingots as raw material, and two Korean chipmakers account for most sales.
In one line: A small Korean etch-consumables supplier.
Moat: narrow (process know-how, customer qualification). Consumable parts must match each etch chamber recipe; qualified-supplier status is sticky.
Headquarters: Cheonan, South Korea · Founded: 2007 · Employees: 717
Size Hana Materials (166090.KS) is a South Korea Information Technology company (Semiconductors) with a market value of $521M, the 325th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩36,700 on 6 Nov 2026.
Performance Over six months the shares fell 51.4%, against -31.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 30.9% over the last twelve months (peer median +14.4%); the operating margin is 24.0% (peer median -2.9%).
Valuation It trades at 11.0× forward earnings against a peer median of 18.2× (2nd cheapest of 6).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.5 points above its cost of capital (7.1% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩334B | ₩273B | ₩252B | ₩234B | ₩307B |
| Revenue growth | — | +9% | +8% | -24% | — |
| Gross profit | ₩124B | ₩82.7B | ₩72.6B | ₩64.7B | ₩120B |
| EBITDA | ₩115B | ₩84.2B | ₩75.5B | ₩75.4B | ₩127B |
| Net income | ₩64.2B | ₩38.4B | ₩31.8B | ₩34.2B | ₩80.1B |
| Free cash flow | ₩68.7B | ₩49.5B | ₩33.5B | -₩76.5B | -₩9.88B |
| Capital expenditure | ₩26.0B | ₩19.4B | ₩43.5B | ₩122B | ₩93.5B |
| Total debt | ₩119B | ₩136B | ₩179B | ₩217B | ₩129B |
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 |
|---|---|---|---|---|---|---|
| Hana Materials 166090.KS | $521M | -51% | +31% | 24% | 11.0× | -2.6% |
| WONIK QnC 074600.KS | $395M | -46% | +11% | 8% | 11.1× | 6.6% |
| Entegris ENTG | $19.6B | -14% | +9% | 19% | 23.7× | 26.3% |
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 | 166090.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -40.4% | -15.1% | lowest of 21 |
| 6-month return | -51.4% | -31.5% | 5th lowest of 21 |
| Distance from 52-week high | -58.2% | -53.0% | 7th lowest of 21 |
| Revenue growth (TTM) | +30.9% | +14.4% | 8th highest of 21 |
| Operating margin | 24.0% | -2.9% | highest of 21 |
| Forward P/E | 11.0× | 18.2× | 2nd cheapest of 6 |
| Growth the price implies (Req g, 7 yrs) | -2.6% | 7.4% | least demanding of 8 |
| Growth delivered (Del g) | +6.4% | +15.0% | 3rd lowest of 8 |
| Hurdle (Req g minus delivered) | -9.0 pp | -0.7 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | +1.5 pp | -9.8 pp | 6th highest of 21 |
| EV / EBITDA | 6.8× | 9.5× | 2nd cheapest of 4 |
| Net debt / EBITDA | 0.6× | -0.4× | 2nd most indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hana Materials 166090.KS | South Korea | $521M | -51% | +31% | 24% | 11.0× | -2.6% | +6.4% |
| Walton Advanced Engineering 8110.TW | Taiwan | $520M | -32% | +11% | -19% | n/a | n/a | n/a |
| Inner Mongolia OJing Science and Technology 001269.SZ | China | $523M | -16% | -2% | -51% | 47.7× | n/a | n/a |
| NSING Technologies 2701.HK | Hong Kong | $517M | -54% | +55% | 1% | n/a | n/a | n/a |
| Shenzhen China Micro Semicon 688380.SS | China | $532M | -39% | +40% | 21% | n/a | 6.0% | +24.3% |
| Hubei W-Olf Photoelectric Technology 002962.SZ | China | $534M | -25% | +3% | 1% | n/a | 24.2% | +15.0% |
| Advanced Wireless Semiconductor 8086.TWO | Taiwan | $537M | -41% | +36% | 23% | 18.2× | 6.3% | +3.0% |
| Brite Semiconductor (Shanghai) 688691.SS | China | $542M | -59% | +27% | -18% | n/a | n/a | n/a |
| Suzhou Convert Semiconductor 688693.SS | China | $543M | -48% | +49% | -34% | n/a | n/a | n/a |
| TFE 425420.KS | South Korea | $544M | -8% | +54% | 17% | n/a | 7.4% | +15.5% |
| QD Laser 6613.T | Japan | $546M | +43% | +7% | -19% | 184.9× | n/a | n/a |
| Vikram Solar VIKRAMSOLR.NS | India | $546M | -37% | +40% | 12% | 14.0× | n/a | n/a |
| Jiangsu Rijiu Optoelectronics Jointstock 003015.SZ | China | $548M | -22% | +5% | 12% | n/a | 15.8% | +5.3% |
| JinkoSolar Holding Co., Ltd. Sponsored ADR JKS | United States | $551M | -55% | -15% | -8% | n/a | n/a | n/a |
| ShenZhen Longtu Photomask Co., Ltd.Class A 688721.SS | China | $492M | -31% | +13% | 5% | n/a | n/a | n/a |
| Yingkou Jinchen Machinery 603396.SS | China | $555M | -24% | -5% | 5% | n/a | 21.1% | +21.8% |
| Black Sesame International 2533.HK | Hong Kong | $555M | -66% | +73% | -148% | n/a | n/a | n/a |
| Raydium Semiconductor 3592.TW | Taiwan | $488M | -10% | +6% | 5% | 9.5× | 0.8% | +9.2% |
| Jiawei Renewable Energy 300317.SZ | China | $484M | -24% | +16% | -21% | n/a | n/a | n/a |
| Shenzhen EXC-LED Technology 300889.SZ | China | $562M | -29% | +20% | -7% | n/a | n/a | n/a |
| Kopin KOPN | United States | $564M | -44% | -7% | -35% | n/a | n/a | n/a |