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Korean maker of video-surveillance cameras and security systems, spun out of Hanwha Techwin and sold globally under the Wisenet brand.
Korean maker of video-surveillance cameras and security systems, spun out of Hanwha Techwin and sold globally under the Wisenet brand.
Sells cameras mostly through installers and system integrators who design whole security systems for a customer, so winning them matters more than winning end users. Most sales go outside Korea, notably Europe and North America. It designs its own chips for its cameras.
In one line: A Korean rival to Hikvision at smaller scale, without the state ties.
Moat: narrow (brand, distribution). Wisenet brand and global integrator network built over two decades as Samsung/Hanwha Techwin.
Headquarters: Seongnam, South Korea · Employees: 1,060
Size Hanwha Vision (489790.KS) is a South Korea Information Technology company (Telecommunications Equipment) with a market value of $1.41B, the 182nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩38,100 on 6 Nov 2026.
Performance Over six months the shares fell 55.8%, against -19.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 19.6% over the last twelve months (peer median +13.4%); the operating margin is 10.9% (peer median 1.1%).
Valuation It trades at 10.4× forward earnings against a peer median of 23.0× (3rd cheapest of 12).
Capital Return on invested capital runs 12.5 points above its cost of capital (6.3% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | ₩2.02T | ₩1.79T | ₩493B |
| Revenue growth | — | +263% | — |
| Gross profit | n/a | ₩928B | ₩247B |
| EBITDA | n/a | ₩210B | ₩20.5B |
| Net income | ₩179B | ₩45.6B | ₩10.6B |
| Free cash flow | n/a | -₩102B | ₩32.0B |
| Capital expenditure | n/a | ₩110B | ₩26.8B |
| Total debt | n/a | ₩422B | ₩266B |
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 |
|---|---|---|---|---|---|---|
| Hanwha Vision 489790.KS | $1.41B | -56% | +20% | 11% | 10.4× | n/a |
| Hangzhou Hikvision Digital Technology 002415.SZ | $49.1B | -3% | +8% | 19% | 17.5× | 2.6% |
| Zhejiang Dahua Technology 002236.SZ | $7.04B | -21% | +7% | 7% | 12.3× | n/a |
| Canon 7751.T | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% |
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 | 489790.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.9% | -5.2% | 2nd lowest of 21 |
| 6-month return | -55.8% | -19.1% | 2nd lowest of 20 |
| Distance from 52-week high | -61.1% | -44.0% | 4th lowest of 21 |
| Revenue growth (TTM) | +19.6% | +13.4% | 6th highest of 21 |
| Operating margin | 10.9% | 1.1% | 6th highest of 21 |
| Forward P/E | 10.4× | 23.0× | 3rd cheapest of 12 |
| ROIC minus cost of capital | +12.5 pp | -5.3 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hanwha Vision 489790.KS | South Korea | $1.41B | -56% | +20% | 11% | 10.4× | n/a | n/a |
| Shenzhen Gongjin Electronics 603118.SS | China | $1.42B | -18% | +21% | 2% | n/a | n/a | n/a |
| Furuno Electric 6814.T | Japan | $1.42B | -1% | +14% | 13% | 13.0× | 7.4% | +11.3% |
| Tianjin 712 Communication & Broadcasting 603712.SS | China | $1.41B | -25% | +27% | -17% | 31.1× | n/a | n/a |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | n/a | 11.3% | +7.0% |
| Hwa Create 300045.SZ | China | $1.35B | -39% | -7% | -20% | n/a | n/a | n/a |
| Zhejiang Chengchang Technology 001270.SZ | China | $1.34B | -37% | -1% | 27% | 100.9× | 44.0% | +18.3% |
| Arlo Technologies ARLO | United States | $1.33B | -19% | +16% | 3% | 13.8× | 32.6% | +8.2% |
| Noritsu Koki 7744.T | Japan | $1.31B | -7% | +33% | 20% | 9.9× | -6.9% | +16.8% |
| Vistance Networks VISN | United States | $1.27B | -35% | -38% | 12% | 8.7× | -4.6% | -25.5% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | n/a | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | n/a | -11.0% | +19.4% |
| Adtran Networks ADV.DE | Germany | $1.21B | -10% | +15% | -3% | 113.3× | -2.7% | -3.1% |
| Hubei Jiuzhiyang Infrared System 300516.SZ | China | $1.18B | -15% | -7% | -8% | n/a | 20.4% | -1.0% |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | n/a | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 14.7× | n/a | n/a |
| Fibocom Wireless 300638.SZ | China | $1.88B | -10% | +3% | 2% | 62.9× | n/a | n/a |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | n/a | n/a | n/a |