Hankook & Company한국앤컴퍼니

Hankook & Company is a profitable battery-focused holding company whose shares have fallen sharply over the past year, trading well below its estimated asset value.

The company's trailing twelve-month revenue is about ₩1.44T with an operating margin near 30%, and its balance sheet carries low leverage. The share price, at ₩22,900 on 2026-10-26, is down 3.2% over one year and sits near its 52-week low of ₩22,000, against a 52-week high of ₩36,450. Recent filings include a production halt in August and its resumption in September, which the data does not explain further.

What stands out

• Trailing revenue of ₩1.44T and operating income of ₩433B through H1 2026 are broadly in line with 2025 full-year levels of ₩1.46T and ₩412B.
• Revenue grew 27.7% in 2024 but was only 4.8% higher in 2025, and return on equity is modest at 8.2%.
• The shares trade at about 5.5 times earnings and 0.4 times book, with a 4.8% dividend yield, while the company's own fair value model gives a base estimate of ₩13,988 per share, below the current price.
• Liabilities are 9.7% of equity, and cash of ₩88B is close to borrowings of ₩89B.
• Foreign ownership eased slightly to 9.1% and retail investors were net sellers over the last 20 trading days, while institutions were net buyers.

What to watch

• Details and duration of the production halt and resumption announced in August and September, which the filings titles do not explain.
• The dividend record date and payout confirmed in the August filings, given the 4.8% yield.
• Upcoming half-year and full-year results, and whether margins hold near 30%.