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    Engineering & Construction
HS Hwasung Co., Ltd.

HS Hwasung Co., Ltd.

002460.KS
HS Hwasung Co., Ltd.KR flagKorea Exchange
11,090.00
KRW
+360.00
- -
105.77BMarket Cap
HS Hwasung Co., Ltd.
002460.KS
(Korea Exchange)

Recent

price

11,090.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
44,777.15
36,599.57
31,518.24
30,907.2
35,134.82
39,636.83
40,818.55
46,905.47
39,239.28
37,298.34
34,619.26
34,867.96
63,485.32
99,276.04
66,101.15
- -
60,842.29
Revenue per Share
-3,281
-7,991.95
1,141
1,432
1,975.49
2,006
2,780
3,687
4,065
634
2,742
2,467
2,390
2,302
1,293
- -
2,898.59
Basic EPS, GAAP
-6,969.08
4,341.85
3,585.05
1,822.81
2,902.82
-3,589.16
2,792.15
-5,641.74
10,397.63
3,615.82
8,274.19
-1,634.45
-18,695.03
345.16
12,796.87
- -
8,204.93
Free Cash Flow per Basic Share
- -
- -
- -
99.99
238.24
399.94
520.01
718.31
890.01
930.62
499.98
650.04
1,190.66
500.09
493.43
- -
- -
Dividend per Share
18,131.29
15,190.1
16,074.1
17,032.16
17,935.41
19,308.58
21,495.31
24,542.76
27,343.43
26,930.05
29,565.93
31,643.41
33,468.98
38,969.99
39,238.98
- -
40,498.32
Book Value per Share
27,900.44
18,791.77
19,670.88
20,783.22
22,162.94
23,563.64
25,764.73
28,747.77
30,903.96
30,610.8
32,529.13
34,387.96
35,040.28
40,335.63
41,254.93
- -
45,497.24
Tangible Book Value per Share
11
11
11
11
12
12
12
12
12
12
12
12
10
9
9
- -
9
Basic Weighted Avg Shares
498,046
402,480
351,260
352,676
420,675
480,082
494,312
567,983
475,191
451,386
419,259
422,231
645,707
908,069
612,780
659,479
577,337
Sales/Revenue/Turnover
-6.42
-19.65
2.52
2.22
3.62
5.14
8.87
10.38
14.12
2.68
8.56
5.08
2.61
2.78
3.5
6.56
5.74
Operating Margin (%)
6,797
2,409
1,820
2,073
2,825
3,136
3,214
3,374
2,951
2,850
2,491
4,633
10,587
11,100
8,361
7,359
7,725
Depreciation Expense
-36,494
-87,886
12,716
16,340
23,653
24,297
33,666
44,646
49,227
7,673
33,207
29,874
24,309
21,056
11,987
27,599
27,505
Net Income, GAAP
- -
- -
1.58
1.93
4.02
2.85
21.8
23.39
23.43
56.46
23.94
18.31
23.08
20.06
21.57
30.09
25.8
Effective Tax Rate (%)
-7.33
-21.84
3.62
4.63
5.62
5.06
6.81
7.86
10.36
1.7
7.92
7.08
3.76
2.32
1.96
4.19
4.76
Profit Margin (%)
255,314
101,936
115,297
115,392
139,815
146,845
177,164
253,033
291,179
282,446
258,087
391,603
323,844
455,446
152,538
90,460
98,116
Working Capital
74,343
14,391
12,282
17,815
17,815
11,064
11,064
43,064
11,064
7,711
349
124,392
120,707
228,618
45,233
622
745
LT Debt
326,772
207,047
219,704
237,697
265,920
285,947
312,554
348,654
374,793
370,997
394,460
416,981
356,952
369,441
382,941
437,877
434,331
Total Equity
- -
- -
3.72
4.18
5.95
8.35
11.11
12.14
12.62
1.35
6.5
3.4
2.27
3.07
2.52
5.04
4.13
Return on Invested Capital (%)
- -
- -
7.13
8.09
10.61
10.22
13.11
14.24
14.1
2.32
9.31
6.52
4.89
5.82
3.7
5.48
5.92
Return on Capital (%)
-16.59
-47.67
7.35
8.75
11.56
10.83
13.63
16.02
15.67
2.34
9.71
8.06
6.72
6.04
3.33
7.36
7.36
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
193,500
183,189
182,980
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
622
745
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
10
10
Market Capitalization
95,335
113,228
108,555

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
410,551
356,869
362,695
Cash, Cash Equivalents & STI
183,454
114,212
126,883
Accounts Receivable, Net
85,654
105,642
91,397
Inventories
102,217
100,289
99,103
Total Current Liabilities
290,578
266,409
264,579
Payables & Accruals
- -
- -
- -
ST Debt
193,500
183,189
182,980
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.65%
2.56%
14.35%
Free Cash Flow
353.99%
848.06%
-56.52%
Net Income, GAAP
37.5%
9.03%
130.25%
Sales/Revenue/Turnover
5.88%
13.87%
7.62%
Total Cash Common Dividend
- -
- -
3.46%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
188,305
139,980
133,341
151,153
612,780
2025
151,095
116,134
295,547
96,703
659,479
2026
68,952
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,166
86
-346
- -
1,293
2025
493
397.31
2,199.31
- -
- -
2026
479.71
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
493.43
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
HS Hwasung Co., Ltd. engages primarily in construction, civil engineering, real estate development, and related services in South Korea. The company operates through four main segments: construction, which provides government-funded facilities, private commercial buildings, and apartments; civil engineering, focused on roads, bridges, tunnels, subways, water and sewer systems; distribution, handling apartment and real estate sales; and other activities including leasing, facility maintenance, and product supplies; it also offers environmental engineering services in water quality, air quality, waste treatment, and renewable energy projects. Founded as Hwasung Industrial Co., Ltd. and headquartered in Daegu, South Korea, HS Hwasung conducts all its operations domestically with 276 employees as of the latest reports. Recent developments include securing the Daegu Catholic University Chilgok Catholic Hospital expansion project and winning a 63 billion won order in August 2025; the company previously rebranded from Hwasung Industrial Co., Ltd. to HS Hwasung Co., Ltd. and launched the premium brand EHCRA while entering a strategic collaboration with Samsung C&T.