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Holding company controlling Korean Air and other Hanjin Group transport affiliates.
Holding company controlling Korean Air and other Hanjin Group transport affiliates.
Earns mainly through its stake in Korean Air and other Hanjin group companies, so its results track the airline's. The Cho family, which founded the group, leads it. Korean Air took over Asiana Airlines in 2024, merging two big Korean carriers, the biggest change to the group's shape in years.
Moat: none (scale). Pure holding vehicle whose value derives almost entirely from its Korean Air stake.
Headquarters: Seoul, South Korea · Founded: 1977 · Employees: 25
Size Hanjinkal (180640.KS) is a South Korea Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $9.60B, the 48th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩196,100 on 6 Nov 2026.
Performance Over six months the shares gained 74.0%, against +7.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +4.0%); the operating margin is 1.1% (peer median 19.1%).
Valuation It trades at 43.3× forward earnings against a peer median of 19.2× (3rd most expensive of 19).
Capital Return on invested capital runs 6.3 points below its cost of capital (6.3% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩306B | ₩298B | ₩292B | ₩276B | ₩200B |
| Revenue growth | — | +2% | +6% | +38% | — |
| Gross profit | ₩129B | ₩124B | ₩114B | ₩108B | ₩74.1B |
| EBITDA | ₩21.6B | ₩10.4B | ₩73.6B | ₩67.6B | ₩38.5B |
| Net income | -₩30.5B | ₩155B | ₩497B | ₩385B | ₩370B |
| Free cash flow | ₩110B | ₩99.3B | ₩37.1B | ₩100B | -₩50.0B |
| Capital expenditure | ₩11.9B | ₩6.55B | ₩4.69B | ₩5.58B | ₩8.08B |
| Total debt | ₩463B | ₩476B | ₩647B | ₩616B | ₩1.04T |
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 |
|---|---|---|---|---|---|---|
| Hanjinkal 180640.KS | $9.60B | +74% | +7% | 1% | 43.3× | n/a |
| KAL 003490.KS | $7.99B | +20% | +21% | 2% | 21.1× | 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 | 180640.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +46.5% | +12.8% | highest of 21 |
| 6-month return | +74.0% | +7.1% | highest of 21 |
| Distance from 52-week high | -12.3% | -10.7% | 10th lowest of 21 |
| Revenue growth (TTM) | +7.2% | +4.0% | 7th highest of 21 |
| Operating margin | 1.1% | 19.1% | lowest of 21 |
| Forward P/E | 43.3× | 19.2× | 3rd most expensive of 19 |
| ROIC minus cost of capital | -6.3 pp | -1.8 pp | 3rd lowest of 20 |
| Net debt / EBITDA | 3.8× | 3.9× | 10th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hanjinkal 180640.KS | South Korea | $9.60B | +74% | +7% | 1% | 43.3× | n/a | n/a |
| Norwegian Cruise Line NCLH | United States | $8.23B | +5% | +5% | 14% | 13.8× | n/a | n/a |
| Accor AC.PA | France | $12.8B | +12% | 0% | 16% | 22.9× | 14.4% | +28.3% |
| Indian Hotels INDHOTEL.NS | India | $13.4B | +33% | +15% | 26% | 55.6× | 42.0% | +43.8% |
| Whitbread WTB.L | United Kingdom | $6.37B | +25% | +2% | 21% | 15.8× | 9.7% | +37.7% |
| Seibu 9024.T | Japan | $6.11B | +2% | -41% | 10% | 29.6× | n/a | n/a |
| H World 1179.HK | Hong Kong | $15.3B | +3% | +13% | 27% | 18.8× | 6.2% | +19.1% |
| Vail Resorts MTN | United States | $5.66B | +26% | -4% | 16% | 27.9× | 9.6% | +8.2% |
| Wyndham Hotels & Resorts WH | United States | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% | +1.8% |
| Hyatt Hotels H | United States | $17.2B | +10% | +3% | 9% | 42.4× | 27.9% | +27.7% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Red Rock Resorts RRR | United States | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% | +11.2% |
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |
| Travel + Leisure TNL | United States | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% | +11.2% |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| InterContinental Hotels Group PLC Sponsored ADR IHG | United States | $25.3B | +19% | +3% | 24% | 23.8× | 12.7% | +16.6% |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |