Obermatt

Hanon Systems

KSC:018880 · KR7018880005
Auto ComponentsMedium

360

17
EV / EBIT18
Price / Owner Earnings65
Owner Earnings Yield71
Dividend Yield1
Price/Sales72
EV / Gross Profit25
Price/Book41
Return on Capital20
Cash Return on Capital60
Return on Equity17
EBIT Margin22
Gross Profitability14
Accruals58
Owner Earnings Margin62
Sales growth44
Profit Growth88
Long-Term EPS Growth31
Reinvestment53
Price momentum81
Debt load14
Refinancing57
Debt Payback25
Liquidity17
Analyst ratings18
Opinion Changes63
Price Target Upside12
Market mood54
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Hanon Systems clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySouth Korea
IndustryAuto Components
SizeMedium
TypePublic Company
ExchangeKOSE
Employees3,240
ISINKR7018880005
Last UpdateApr 2, 2026
Themes
Electric VehicleClimateTechHVAC ServicesEnergy ManagementAutomotiveIndustrial

Description

Hanon Systems is a global provider of thermal and energy management solutions for the automotive industry. It specializes in developing and manufacturing advanced automotive components that cater to the growing demand for efficiency, comfort, and env…

Analysis

Middle-of-the-road

Hanon Systems is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 10.2× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is stretched. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
25
2023202420252026

All-time high

25

Jun 2026

All-time low

1

Jan 2025

Average rank

11

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
72
82
74
51
Price/Earnings
25
10
22
12
Price/Book
41
59
36
28
Dividend Yield
1
61
80
53
Value (overall)
17
57
51
33

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →