Hanwha Solutions (009830) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Hanwha Solutions KRW 9,611, price KRW 36,100, upside -73.4%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range 13,885 KRW – 56,065 KRW · fair‑value band 5,612 KRW – 13,351 KRW · the 36,100 KRW price screens above the 9,611 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Hanwha Solutions Corporation engages in the manufacture and sale of synthetic resins in South Korea, China, Germany, the United States, and internationally. The company operates through Basic Materials, Renewable Energy, Processed Materials, and Other segments.
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Hanwha Solutions Corporation engages in the manufacture and sale of synthetic resins in South Korea, China, Germany, the United States, and internationally. The company operates through Basic Materials, Renewable Energy, Processed Materials, and Other segments. It produces and sells PE, PVC, CA, TDI products, etc.; hydrogenated petroleum resin; specialized products, such as insulator XLPE, high-purity XDI for use in high-refractive lenses and plasticizers; and solar ingots and wafers, as well as cells and modules. The company also distributes solar energy; provides energy solutions and power management software; lightweight composite materials, such as automotive parts materials and industrial materials, and solar materials; and electronic materials. In addition, it engages in real estate development; and planning, developing, operating, maintaining, and financing primarily in renewables and premium development businesses. Further, the company is involved in gunpowder manufacturing, wholesale and retail, chemical manufacturing, shipbuilding, construction, leisure/service, and textiles businesses, as well as industrial explosives/construction/trade, etc. The company was formerly known as Hanwha Chemical Corporation and changed its name to Hanwha Solutions Corporation in January 2020. Hanwha Solutions Corporation was founded in 1965 and is headquartered in Seoul, South Korea.
Stock analysis
Hanwha Solutions (009830) currently trades at 36,100 KRW, while our model-based Fair Value estimate is 9,611 KRW, 73.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 27,412 KRW per share, and 0 of the 3 models we run sit above the 36,100 KRW price.
Bear case: the Dividend Discount group reads lowest at 9,890 KRW, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 5,612 KRW (bear) to 13,351 KRW (bull), the price of 36,100 KRW sits above 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 34/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hanwha Solutions reported revenue of 13.3T KRW in FY2025 versus 10.7T KRW in FY2021, a compound +5.6%/yr. Reported net income was −650B KRW in FY2025.
Key figures
Market cap 6.1T KRW (≈ $4.6B) · P/S ratio 0.42 · Dividend yield 2.5% · Net margin −4.9% · Return on equity −3.3% · Return on assets (EBIT) 1.6% · Operating margin 6.7% · Revenue (TTM) 15.6T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 16% fair-value upside, at −73%, 009830 screens richer than that median.
Fair Value models
Bear 5,612 KRWFair Value 9,611 KRWBull 13,351 KRW
Price 36,100 KRW · Upside -73.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.5% (2020) → −2.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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.Solar · 103 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score34 · Below median
Fair Value upside−73.4% · Bottom 25%
Profitability
Return on assets−0.2% · Above median
Net margin (TTM)−2.5% · Below median
Operating margin (TTM)6.7% · Above median
Growth and dividend
Revenue growth47.0% · Top 25%
Dividend yield (TTM)2.5% · Top 25%
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Solar median · lower = cheaper
EV/EBITDA7.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 0
HEALTH (low debt)57· sector 86
DIVIDEND (yield)50· sector 26
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hanwha Solutions Fair Value". https://www.fairvalue-calculator.com/stock/009830
Frequently asked questions
Is Hanwha Solutions (009830) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of 9,611 KRW versus a price of 36,100 KRW, about −73% upside (overvalued).
What is the fair value of 009830?
Our model-based fair value for Hanwha Solutions is 9,611 KRW (as of Sep 28, 2026), built from audited fundamentals. The current price: 36,100 KRW.
What is the quality score of 009830?
Hanwha Solutions has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hanwha Solutions (009830)?
Our model-based price target is the fair value of 9,611 KRW (as of Sep 28, 2026) from 3 valuation models. Cautious scenario 5,612 KRW, optimistic scenario 13,351 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanwha Solutions stock forecast for 2026?
Our models put fair value at 9,611 KRW, about −73% upside versus a price of 36,100 KRW (overvalued). Cautious scenario 5,612 KRW, optimistic scenario 13,351 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hanwha Solutions (009830)?
Hanwha Solutions reported trailing-twelve-month revenue of about 15.6T KRW (latest available figure, as of Sep 28, 2026).
Does Hanwha Solutions pay a dividend?
Hanwha Solutions currently shows a dividend yield of about 2.52% relative to its recent price (as of Sep 28, 2026).
What is the intrinsic value of Hanwha Solutions (009830)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanwha Solutions it is 9,611 KRW per share (as of Sep 28, 2026), against a price of 36,100 KRW. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Hanwha Solutions stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 009830 trades above its calculated fair value: price 36,100 KRW, fair value 9,611 KRW, a gap of about −73% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 009830?
No. The price is what the market pays today (36,100 KRW); the fair value is what the company's own numbers justify (9,611 KRW). For Hanwha Solutions the two are 26,489 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanwha Solutions worth?
The market values Hanwha Solutions at about 6.1T KRW (market capitalisation, as of Sep 28, 2026). Per share that is 36,100 KRW; our models calculate a fair value of 9,611 KRW per share.
What do the bullish and bearish scenarios say about 009830?
Our models span a range for Hanwha Solutions: cautious scenario 5,612 KRW, base 9,611 KRW, optimistic 13,351 KRW per share (as of Sep 28, 2026, price 36,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hanwha Solutions (009830)?
Balance-sheet figures for Hanwha Solutions (as of Sep 28, 2026): return on equity −3.3%, debt of 0.86 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 009830 from its 52-week high?
Hanwha Solutions trades at 36,100 KRW, about 35% below its 52-week high of 55,655 KRW and 58% above the low of 22,850 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 9,611 KRW is for.
Which stocks are comparable to Hanwha Solutions?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hanwha Solutions stock attractive at the current price?
The data as of Sep 28, 2026: price 36,100 KRW, calculated fair value 9,611 KRW (−73%), Quality Score 34/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 009830 calculated?
We run Hanwha Solutions through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 9,611 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Hanwha Solutions itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hanwha Solutions (009830)?
The closing price on Oct 2, 2026 was 36,100 KRW. Our model-based fair value is 9,611 KRW, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanwha Solutions right now?
The price sits above even our optimistic bull case (13,351 KRW). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (5,612 KRW to 13,351 KRW) leaves room in how you read the outcome.
Key figures of Hanwha Solutions
How large is the market capitalisation of Hanwha Solutions (009830)?
The market capitalisation of Hanwha Solutions is 6.1T KRW (≈ $4.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hanwha Solutions (009830)?
The price-to-sales ratio of Hanwha Solutions is 0.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Hanwha Solutions (009830)?
The dividend yield of Hanwha Solutions is 2.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hanwha Solutions (009830)?
The net margin of Hanwha Solutions is −4.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hanwha Solutions (009830)?
The return on equity (ROE) of Hanwha Solutions is −3.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hanwha Solutions (009830)?
On an EBIT basis the return on assets of Hanwha Solutions is 1.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hanwha Solutions (009830)?
The operating margin of Hanwha Solutions is 6.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanwha Solutions (009830)?
Revenue at Hanwha Solutions is growing +47.0% versus a year earlier (3y avg −0.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hanwha Solutions (009830)?
Earnings per share at Hanwha Solutions are growing −95.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hanwha Solutions (009830) generate?
The free cash flow of Hanwha Solutions is −2.7T KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hanwha Solutions (009830) carry?
The net debt of Hanwha Solutions is 12.5T KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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