Hanwha Systems Co Ltd (272210) fair value: what the stock is really worth
We calculate from audited financials what Hanwha Systems Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range 9,669 KRW – 162,104 KRW · fair‑value band 31,356 KRW – 38,509 KRW · the 76,500 KRW price screens above the 31,356 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Hanwha Systems Co., Ltd. manufacture and sell various military equipments in South Korea and internationally.
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Hanwha Systems Co., Ltd. manufacture and sell various military equipments in South Korea and internationally. The company offers electro-optics, infra-red, and synthetic aperture radar (SAR) payloads to be mounted on mid-to-large sized satellites, as well as the system and payload development solutions for micro-satellites; avionics solutions for fixed wing, rotary wing, and unmanned aircrafts; and terminals for military satellite communication networks, including network controllers. It also provides radars, electro-optics, and space object surveillance systems; tactical communication, command and control, and cyber battlefield management systems; naval combat, unmanned maritime, SONAR, naval vessel weapon, and engineering control systems; integrated vetronics systems, warrior platforms, dronebot combat systems, and mobilized integrated surveillance systems; and integrated product support solutions. In addition, the company offers system integration and IT solutions for manufacturing and construction, finance, and leisure industries; application, IT infrastructure, cloud, and systems management services; smart building, insurance, manufacturing execution system, and enterprise resource planning (ERP) solutions; H-Chain, a blockchain platform; and artificial intelligence, cloud, and smart factory solutions. Further, it provides Urban Air Mobility, a 3-dimentional urban air transportation system that connects ground and air transports; and electronically steerable antennas for space internet services. The company was formerly known as Hanwa Thales Co., Ltd. and changed its name to Hanwha Systems Co., Ltd. in October 2016. Hanwha Systems Co., Ltd. was founded in 1977 and is headquartered in Seoul, South Korea.
Stock analysis
Hanwha Systems Co Ltd (272210) currently trades at 76,500 KRW, while our model-based Fair Value estimate is 31,356 KRW, implying the stock looks roughly 144.0% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 31,783 KRW per share, and 0 of the 17 models we run sit above the 76,500 KRW price.
Bear case: the Dividend Discount group reads lowest at 6,021 KRW, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: 31,356 KRW (bear) to 38,509 KRW (bull), the price of 76,500 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 31/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hanwha Systems Co Ltd reported revenue of 3.7T KRW in FY2025 versus 2.1T KRW in FY2021, a compound +15.1%/yr. Reported net income was 242B KRW in FY2025, compounding +25.3%/yr from FY2021.
Key figures
Market cap 14.3T KRW (≈ $10.0B) · P/S ratio 4.68 · Dividend yield 0.7% · Net margin 6.6% · Return on equity 2.2% · Return on assets (EBIT) 2.2% · Operating margin 4.3% · Revenue (TTM) 3.8T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 85% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −59%, 272210 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (2,051 KRW to 53,882 KRW). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 31,356 KRWFair Value 31,356 KRWBull 38,509 KRW
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.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+30.7%
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.
+18.8%
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.
+17.4%
Revenue growth 9 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.
+17.5%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−0.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.5%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘ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% → 3%
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.Aerospace & Defense · 230 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−54% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Bottom 25%
Net margin (TTM)4% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth17% · Above median
Dividend yield (TTM)0.7% · Below median
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
EV/EBITDA2.5× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)85· sector 44
PAST (return on equity)9· sector 36
HEALTH (low debt)89· sector 93
DIVIDEND (yield)13· sector 17
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 Systems Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/272210
Frequently asked questions
Is Hanwha Systems Co Ltd (272210) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 31,356 KRW versus a price of 76,500 KRW, about −59% upside (overvalued).
What is the fair value of 272210?
Our model-based fair value for Hanwha Systems Co Ltd is 31,356 KRW (as of Sep 18, 2026), built from audited fundamentals. The current price: 76,500 KRW.
What is the quality score of 272210?
Hanwha Systems Co Ltd has a Quality Score of 31/100. 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 Systems Co Ltd (272210)?
Our model-based price target is the fair value of 31,356 KRW (as of Sep 18, 2026) from 17 valuation models. Cautious scenario 31,356 KRW, optimistic scenario 38,509 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanwha Systems Co Ltd stock forecast for 2026?
Our models put fair value at 31,356 KRW, about −59% upside versus a price of 76,500 KRW (overvalued). Cautious scenario 31,356 KRW, optimistic scenario 38,509 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hanwha Systems Co Ltd (272210)?
Hanwha Systems Co Ltd reported trailing-twelve-month revenue of about 3.8T KRW (latest available figure, as of Sep 18, 2026).
Does Hanwha Systems Co Ltd pay a dividend?
Hanwha Systems Co Ltd currently shows a dividend yield of about 0.65% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of Hanwha Systems Co Ltd (272210)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanwha Systems Co Ltd it is 31,356 KRW per share (as of Sep 18, 2026), against a price of 76,500 KRW. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Hanwha Systems Co Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 272210 trades above its calculated fair value: price 76,500 KRW, fair value 31,356 KRW, a gap of about −59% (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 272210?
No. The price is what the market pays today (76,500 KRW); the fair value is what the company's own numbers justify (31,356 KRW). For Hanwha Systems Co Ltd the two are 45,144 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanwha Systems Co Ltd worth?
The market values Hanwha Systems Co Ltd at about 14.3T KRW (market capitalisation, as of Sep 18, 2026). Per share that is 76,500 KRW; our models calculate a fair value of 31,356 KRW per share.
What do the bullish and bearish scenarios say about 272210?
Our models span a range for Hanwha Systems Co Ltd: cautious scenario 31,356 KRW, base 31,356 KRW, optimistic 38,509 KRW per share (as of Sep 18, 2026, price 76,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hanwha Systems Co Ltd (272210)?
Balance-sheet figures for Hanwha Systems Co Ltd (as of Sep 18, 2026): return on equity 2.2%, debt of 0.22 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 272210 from its 52-week high?
Hanwha Systems Co Ltd trades at 76,500 KRW, about 56% below its 52-week high of 172,865 KRW and 85% above the low of 41,398 KRW (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 31,356 KRW is for.
Which stocks are comparable to Hanwha Systems Co Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 Systems Co Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price 76,500 KRW, calculated fair value 31,356 KRW (−59%), Quality Score 31/100, from 17 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 272210 calculated?
We run Hanwha Systems Co Ltd through 17 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 31,356 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 16.1 % above its aggregate fair value. Hanwha Systems Co Ltd 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 Systems Co Ltd (272210)?
The closing price on Sep 21, 2026 was 76,500 KRW. Our model-based fair value is 31,356 KRW, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanwha Systems Co Ltd right now?
The price sits above even our optimistic bull case (38,509 KRW). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Hanwha Systems Co Ltd
How large is the market capitalisation of Hanwha Systems Co Ltd (272210)?
The market capitalisation of Hanwha Systems Co Ltd is 14.3T KRW (≈ $10.0B). 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 Systems Co Ltd (272210)?
The price-to-sales ratio of Hanwha Systems Co Ltd is 4.68 (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 Systems Co Ltd (272210)?
The dividend yield of Hanwha Systems Co Ltd is 0.7%. 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 Systems Co Ltd (272210)?
The net margin of Hanwha Systems Co Ltd is 6.6% (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 Systems Co Ltd (272210)?
The return on equity (ROE) of Hanwha Systems Co Ltd is 2.2% (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 Systems Co Ltd (272210)?
On an EBIT basis the return on assets of Hanwha Systems Co Ltd is 2.2% (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 Systems Co Ltd (272210)?
The operating margin of Hanwha Systems Co Ltd is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanwha Systems Co Ltd (272210)?
Revenue at Hanwha Systems Co Ltd is growing +17.0% versus a year earlier (3y avg +18.8%). 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 Systems Co Ltd (272210)?
Earnings per share at Hanwha Systems Co Ltd are growing −96.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hanwha Systems Co Ltd (272210) generate?
The free cash flow of Hanwha Systems Co Ltd is −242B 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 Systems Co Ltd (272210) carry?
The net debt of Hanwha Systems Co Ltd is 1.1T 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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