Hanwha Systems한화시스템
272210 · KOSPI · ₩272210 · 한화시스템
Analyst target price
Average target
₩100,750
Upside
+66.5%
Range ₩94,000 – ₩109,000 · 4 brokers (latest target within 6 months)
Buy 2
Consensus target vs price, 2 years
Earnings estimates
Brokers' earnings estimates and how they've been revised, with Pro.
Unlock with ProBroker reports
| Date | Broker | Report | Rating | Target | Change | Upside | Since publish | Read |
|---|---|---|---|---|---|---|---|---|
| Oct 28 | Hanwha Investment & Securities | [Defense Industry] Hanwha Systems (272210/Buy) 3Q26 Review: Beats Expectations; Mid-to-Long-Term Growth Strategy Takes Shape | Buy | — | — | −8.6% | Read ↗ | |
| Oct 28 | Yuanta Securities Korea | 3Q26 Re: Multiple Burden Eases, Re-rating Expectations Rise | Buy | ₩109,000 | Cut | +80.2% | −8.6% | Read ↗ |
| Oct 28 | DS Investment & Securities | [Defense] Hanwha Systems: Focus on Export Growth Over Anticipated Development Costs | Buy | ₩94,000 | New | +55.4% | −8.6% | Read ↗ |
All 4 broker reports on Hanwha Systems, not just the latest 3, with Pro.
Unlock with ProCalculated by JONBUR from publicly available broker reports. Reports belong to their publishers. Not financial advice. Includes brokers that publish research publicly; some brokers' reports are client-only and not included.
Reported in the news
| Date | Broker | Target | Change | Rating | Source |
|---|---|---|---|---|---|
| Oct 27 | — | ₩123,000 | — | Reported by The Financial News | |
| Oct 27 | Eugene Investment & Securities | ₩100,000 | Maintained | — | Reported by Chosun Biz |
| Oct 27 | SK Securities | ₩100,000 | Maintained | — | Reported by Etoday |
| Oct 19 | — | — | Cut | — | Reported by The Financial News |
| Oct 19 | — | — | Cut | — | Reported by Etoday |
| Oct 18 | Daishin Securities | — | Cut | — | Reported by Money Today |
Target prices and ratings as news headlines report them, for every broker, including the ones whose reports we don't collect. Only what the headline says; open the article for the rest. Not financial advice.
AI summary of public information
An AI summary of the public information on this company: filed financial statements, filings, prices and news headlines. It doesn't use broker reports; their targets and estimates are shown above.
Hanwha Systems' latest quarter shows strong operating profit growth from defense exports, but a U.S. shipyard-related loss sharply cut net income.
Hanwha Systems is a South Korean defense electronics and ICT company. Filings and news for the quarter reported Q3 revenue of ₩831.6B (up 30.1%) and operating profit of ₩99.1B (up 60.5%), helped by defense exports, while net income fell about 97.5% on losses tied to U.S. shipyard operations. Trailing results to H1 2026 show a thin 4% operating margin and negative free cash flow of ₩166B.
What stands out
- Trailing twelve-month revenue is ₩4.13T with operating income of ₩166B and net income of ₩176B, implying a 4% operating margin and 4.3% net margin.
- Net income for the quarter reportedly plunged on losses linked to the U.S. shipyard business (Hanwha Philly Shipyard), a key point of risk in the reports.
- Borrowings are ₩3.26T against cash of ₩1.59T, and liabilities are 159% of equity; one headline says borrowings were cut by ₩1T.
- The share price is ₩63,700, down 13.8% over one month but up 15.8% over one year, far below its 52-week high of ₩184,000.
- Valuation is high on trailing earnings at a P/E of 68.5 and P/B of 2.7; the data's DCF model gives a base value of ₩13,296, well below the current price.
What to watch
- The full Q3 and preliminary earnings filings, including the size and cause of the U.S. shipyard-related losses.
- Foreign ownership, which fell to 9.3% from 10% over 60 days, and recent net foreign selling of about ₩163B over 20 days.
- Pending related-party transaction and equity transfer filings, plus an exchange inquiry about a news report or price move, as disclosed.
Data as of Oct 26, 2026 · written 4d ago
This is not financial advice.
Also known as: Hanwha Systems / 한화시스템 / 272210 / KRX:272210
Source: KRX statistical information