Hanwha AeroSpace Co Ltd

Hanwha AeroSpace maintains a capital structure characterized by significant leverage, with total liabilities of 44.27 trillion KRW against total equity of 9.68 trillion KRW. The debt-to-equity ratio stands at 1.33, and long-term debt totals 12.84 trillion KRW. Liquidity is assessed as medium risk, supported by a current ratio of 1.02 and cash and equivalents of 3.97 trillion KRW. The company holds a net cash position that is negative after subtracting total debt, indicating reliance on debt financing for its asset base.

Profitability metrics show a return on equity of 16.3% and a return on assets of 2.93%. The company generated net income of 1.40 trillion KRW on revenue of 26.70 trillion KRW, resulting in an operating income of 3.09 trillion KRW. Valuation multiples reflect this profile, with a price-to-earnings ratio of 31.51 and an EV/EBITDA of 18.64. The price-to-book ratio is 5.14, suggesting the market values the company's equity at a premium to its book value.

Revenue concentration and segment details are not explicitly broken down in the available data, but the company's activity is defined broadly as Aerospace & Defense. Geographic exposure specifics are absent from the provided snapshot, limiting granular analysis of regional revenue mix. The business model relies on the disclosed aerospace and defense activities to drive its top-line growth of 26.70 trillion KRW.

Growth trajectory analysis is constrained by the absence of historical period data in the input, preventing a year-over-year or quarter-over-quarter trend assessment. The current financial snapshot provides a single-period view of revenue and net income, without comparative historical context to determine acceleration or deceleration.

Risk factors include medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting balance sheet leverage. The current ratio of 1.02 indicates tight short-term liquidity coverage, requiring careful management of working capital.

Recent events are reflected in analyst sentiment, with a mean recommendation of 1.67 (strong buy) and a mean price target of 1,766,765 KRW. There are 8 strong-buy and 16 buy ratings, with no hold ratings, indicating strong consensus for upside potential. The high price target of 2,100,000 KRW suggests significant expected growth or re-rating by the market.

Analysts project 80.7% upside to a mean price target of 1.77 million KRW, reflecting strong buy consensus.

Revenue CAGR of 48.2% over four years demonstrates robust top-line growth trajectory for the aerospace sector.

Cash conversion ratio of 2.56 is best-in-class, far surpassing the 0.92 cohort median.

Debt-to-equity ratio of 1.33 sits in the bottom quartile, significantly higher than the 0.21 cohort median.

Medium liquidity and credit risk flags suggest potential challenges in managing short-term obligations and debt.

Long-term debt surged to 10.7 trillion KRW in FY-1, increasing leverage despite revenue growth.

Revenue KRW 5.75T, +4,9% YoY; Operating income +15,2% YoY.

• ▍Revenue KRW 5.75T, +4,9% YoY
• ▍Operating income +15,2% YoY
• ▍Net income +338,1% YoY
• ▍Free cash flow +422,9% YoY
• ▍Net margin 4.5%

Revenue KRW 8.42T, +74,5% YoY; Operating income −58,4% YoY.

• ▍Revenue KRW 8.42T, +74,5% YoY
• ▍Operating income −58,4% YoY
• ▍Net income −65,9% YoY
• ▍Free cash flow −81,1% YoY
• ▍Net margin 7.5%

Revenue KRW 6.49T, +146,5% YoY; Operating income +78,3% YoY.

• ▍Revenue KRW 6.49T, +146,5% YoY
• ▍Operating income +78,3% YoY
• ▍Net income +52,8% YoY
• ▍Free cash flow +73,7% YoY
• ▍Net margin 7.5%

Revenue KRW 6.31T, +170,3% YoY; Operating income +160,3% YoY.

• ▍Revenue KRW 6.31T, +170,3% YoY
• ▍Operating income +160,3% YoY
• ▍Net income +35,5% YoY
• ▍Free cash flow +206,3% YoY
• ▍Net margin 3.2%

Revenue KRW 5.48T; Operating income KRW 552.31B.

• ▍Revenue KRW 5.48T
• ▍Operating income KRW 552.31B
• ▍Net margin 1.1%

Revenue KRW 4.83T; Operating income KRW 1.86T.

• ▍Revenue KRW 4.83T
• ▍Operating income KRW 1.86T
• ▍Net margin 38.5%

Revenue KRW 2.63T; Operating income KRW 479.57B.

• ▍Revenue KRW 2.63T
• ▍Operating income KRW 479.57B
• ▍Net margin 12.1%

Revenue KRW 2.33T; Operating income KRW 337.41B.

• ▍Revenue KRW 2.33T
• ▍Operating income KRW 337.41B
• ▍Net margin 6.3%

Revenue KRW 26.70T, +137,6% YoY; Operating income +14,5% YoY.

• ▍Revenue KRW 26.70T, +137,6% YoY
• ▍Operating income +14,5% YoY
• ▍Net income −39,1% YoY
• ▍Free cash flow −55,0% YoY
• ▍Net margin 5.3%

Revenue KRW 11.24T, +42,5% YoY; Operating income +401,9% YoY.

• ▍Revenue KRW 11.24T, +42,5% YoY
• ▍Operating income +401,9% YoY
• ▍Net income +182,4% YoY
• ▍Free cash flow +219,6% YoY
• ▍Net margin 20.5%

Revenue KRW 7.89T, +11,8% YoY; Operating income +41,8% YoY.

• ▍Revenue KRW 7.89T, +11,8% YoY
• ▍Operating income +41,8% YoY
• ▍Net income +318,5% YoY
• ▍Free cash flow +18 987,7% YoY
• ▍Net margin 10.4%

Revenue KRW 7.06T, +27,4% YoY; Operating income +55,1% YoY.

• ▍Revenue KRW 7.06T, +27,4% YoY
• ▍Operating income +55,1% YoY
• ▍Net income −22,7% YoY
• ▍Free cash flow −95,7% YoY
• ▍Net margin 2.8%