Hanwha (000880) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hanwha stock KRW 121,092, price KRW 81,400, upside +48.8%, quality 31 out of 100. Rating: undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
Hanwha
000880 · KOThe stock costs 33% less than our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 26,501 KRW – 193,709 KRW · fair‑value band 70,622 KRW – 181,500 KRW · the 81,400 KRW price screens below the 121,092 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Every Wednesday you see whether Hanwha is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
Hanwha Corporation engages in the manufacture and sale of explosives and industrial machinery, trading, and general construction businesses.
Show moreShow less
The company operates through Gunpowder Manufacturing; Wholesale and Retail; Chemical Manufacturing; Shipbuilding Industry; Construction Industry; Leisure/Service Industry; Solar Power Business; Financial Industry; And Other Sectors segments.
It is involved in manufacturing and sales of explosives, such as defense products, industrial explosives, etc.; trade and wholesale/retail business; ship design, manufacturing and construction; construction industry, such as architecture, civil engineering, plant, environment, housing business, etc.; sports facility operation and tourism accommodation, IT outsourcing; manufacturing and sales of solar energy-related products and solar power generation; insurance business, deposit income business, securities brokerage business; and other manufacturing and sales business.
The company also produces and sells military equipment, such as self-propelled guns, armored vehicles, precision-guided weapons, conventional ammunition, and radars; gas turbine engines and engine parts, aircraft machinery parts, etc.; and CCTVs, storage devices, monitors, etc.
In addition, it engages in the trade, department stores, and wholesale and retail of petroleum/petrochemical, steel/non-ferrous, machinery, agricultural, livestock, fishery products, mineral resources, etc.
Further, the company is involved in the production and maintenance of parts for aircraft, launch vehicles, and various engines; satellite systems, electro-optical cameras, satellite ground stations, etc.; and building ships and special vessels.
Additionally, it engages golf course; hotel; and real estate industry. The company was formerly known as Korea Explosives Corp. and changed its name to Hanwha Corporation in March 1993. Hanwha Corporation was founded in 1952 and is headquartered in Seoul, South Korea.
Stock analysis
Hanwha (000880) currently trades at 81,400 KRW, while our model-based Fair Value estimate is 121,092 KRW, implying the stock looks roughly 33% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 157,517 KRW per share, and 7 of the 12 models we run sit above the 81,400 KRW price.
Bear case: the Multiples group reads lowest at 91,494 KRW, and 5 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 70,622 KRW (bear) to 181,500 KRW (bull), the price of 81,400 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hanwha reported revenue of 74.8T KRW in FY2025 versus 52.8T KRW in FY2021, a compound +9.1%/yr. Reported net income was 372B KRW in FY2025, compounding −19.8%/yr from FY2021.
Key figures
Market cap 7.2T KRW (≈ $5.3B) Mid · P/E ratio 9.5 · P/S ratio 0.08 · EPS (TTM) 8,917 KRW · Dividend yield 1.8% · Net margin 0.9% · Return on equity 8.0% · Return on assets (EBIT) 1.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 58% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 49%, 000880 screens cheaper than that median.
Fair Value models
All 12 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
Watch 000880, get fair value alerts →
Compare Hanwha with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 305 stocks
Valuation Multiplesvs Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: Industrials
- Undervalued stocks: South Korean Stocks
- Valuation of the Korea market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Conglomerates stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| PT Astra International Tbk, ASII | 5,000 IDR | 9,860 IDR | +97% | vs 000880 |
| SK Inc 034730 | 445,000 KRW | 632,391 KRW | +42% | vs 000880 |
| Honeywell International Inc HON | $220.05 | $245.42 | +12% | vs 000880 |
| Kingdom Holding 4280 | 12.16 SAR | 13.40 SAR | +10% | vs 000880 |
| Jardine Matheson Holdings J36 | $60.84 | $66.74 | +10% | vs 000880 |
| SGH Limited SGH | A$42.46 | A$34.87 | −18% | vs 000880 |
| Keppel Ltd BN4 | 9.45 SGD | 3.87 SGD | −59% | vs 000880 |
| 3M Company MMM | $185.15 | $73.02 | −61% | vs 000880 |
| Swire Pacific Limited 0019 | HK$112.20 | HK$27.75 | −75% | vs 000880 |
| Doosan Corporation 000150 | 638,000 KRW | 95,752 KRW | −85% | vs 000880 |
Explore undervalued stocks
More undervalued Industrials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Hanwha (000880) overvalued or undervalued?
What is the fair value of 000880?
What is the quality score of 000880?
What is the price target for Hanwha (000880)?
What is the Hanwha stock forecast for 2026?
What is the revenue of Hanwha (000880)?
Does Hanwha pay a dividend?
How much is the dividend of Hanwha (000880) and when is the ex-dividend date?
What growth is priced into Hanwha (000880)?
What discount rate (WACC) does the fair value of 000880 use?
What is a reverse DCF?
How much growth has Hanwha (000880) delivered so far?
How fast is the sector of Hanwha (000880) growing?
What is the free cash flow yield of Hanwha (000880)?
What is the intrinsic value of Hanwha (000880)?
Is Hanwha stock overvalued or undervalued in 2026?
Is fair value the same as the market price of 000880?
How much is Hanwha worth?
What do the bullish and bearish scenarios say about 000880?
What is the P/E ratio of 000880?
What is the PEG ratio of 000880?
How solid is the balance sheet of Hanwha (000880)?
How far is 000880 from its 52-week high?
Which stocks are comparable to Hanwha?
Is Hanwha stock attractive at the current price?
How is the fair value of 000880 calculated?
Is it still worth investing in stocks now?
What is the share price of Hanwha (000880)?
What should I pay attention to with Hanwha right now?
Key figures of Hanwha
How large is the market capitalisation of Hanwha (000880)?
What is the P/S ratio of Hanwha (000880)?
What are the earnings per share of Hanwha (000880)?
What is the dividend yield of Hanwha (000880)?
What is the net margin of Hanwha (000880)?
What is the return on equity of Hanwha (000880)?
What is the EBIT return on assets of Hanwha (000880)?
What is the operating margin of Hanwha (000880)?
How fast is revenue growing at Hanwha (000880)?
How fast are earnings growing at Hanwha (000880)?
How much net debt does Hanwha (000880) carry?
Watch Hanwha in the live analysis
One click puts Hanwha on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.