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Hanwha Solutions Corporation

Hanwha Solutions Corporation

009830.KS
Hanwha Solutions CorporationKR flagKorea Exchange
30,800.00
KRW
+950.00
- -
5.49TMarket Cap
Hanwha Solutions Corporation
009830.KS
(Korea Exchange)

Recent

price

30,800.00

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
49,449.69
55,142.43
47,913.65
53,829.2
50,189.33
48,006.29
54,969.85
55,392.91
53,612.7
56,554.38
55,601.73
57,791.7
68,802.54
67,148.26
65,028.61
73,347.36
73,836.12
Revenue per Share
2,748.43
1,760.27
203.55
56.49
353.54
1,123.91
4,483.97
4,890.1
1,106.38
-1,420.96
1,868.97
3,335.7
1,881.86
-724.13
-7,368.56
-3,578.19
-3,424.39
Basic EPS, GAAP
-1,978.98
-452.7
-4,117.42
-1,862.45
-696.42
2,643.63
3,085.92
2,441.75
-76.03
185.74
1,073.38
906.37
-4,329.49
-9,719.82
-14,588.5
-14,701.93
-12,749.45
Free Cash Flow per Basic Share
445.4
584.43
446.31
261.09
132.51
146.44
145.55
341.18
341.01
196.76
196.99
- -
- -
268.15
724.06
912.52
874.34
Dividend per Share
16,134.5
24,270.65
23,625.15
23,481.75
22,113.19
22,080.11
26,184.87
30,767.12
26,981.24
25,293.72
31,718.3
32,459.95
34,237.01
33,296.12
26,276.5
23,758.23
22,276
Book Value per Share
23,132.86
30,715.31
27,724.71
27,245.33
26,824.57
26,788.01
29,901.83
34,153.15
34,031.37
32,166.31
33,549.95
35,645.2
43,212.65
38,479.97
46,372.21
51,302.46
52,821.07
Tangible Book Value per Share
145
144
145
146
160
167
168
169
169
167
165
186
191
195
191
182
191
Basic Weighted Avg Shares
7,181,741
7,942,645
6,962,213
7,863,554
8,055,333
8,036,991
9,258,833
9,341,813
9,046,042
9,457,390
9,195,008
10,725,192
13,130,753
13,078,536
12,394,024
13,333,055
14,120,531
Sales/Revenue/Turnover
10.84
4.1
0.08
1.24
1.75
4.19
8.42
8.1
4.76
4.88
6.5
6.88
7.03
4.44
-2.42
-2.73
-2.14
Operating Margin (%)
246,529
294,662
353,350
389,702
422,188
452,139
445,288
435,531
440,053
561,182
595,341
648,702
675,486
675,631
715,454
784,255
806,662
Depreciation Expense
399,163
253,547
29,578
8,252
56,742
188,161
755,256
824,697
186,680
-237,623
309,077
619,051
359,146
-141,039
-1,404,399
-650,442
-654,886
Net Income, GAAP
29.79
40.7
- -
- -
77.63
21
13.02
21.7
44.35
46.32
24.8
27.94
36.81
35.27
- -
- -
- -
Effective Tax Rate (%)
5.56
3.19
0.42
0.1
0.7
2.34
8.16
8.83
2.06
-2.51
3.36
5.77
2.74
-1.08
-11.33
-4.88
-4.64
Profit Margin (%)
-94,923
-437,450
-666,767
72,663
-168,413
-642,906
-439,113
-671,723
-120,045
-508,363
-292,761
286,070
1,764,804
1,063,262
-824,887
-99,132
-968,493
Working Capital
2,343,418
2,294,287
2,835,463
3,303,423
2,748,411
2,615,773
2,574,626
1,775,962
2,995,061
3,191,582
3,017,219
3,698,936
4,639,414
5,713,363
6,646,520
8,106,238
7,309,598
LT Debt
3,645,726
4,797,790
4,565,420
4,456,725
4,779,478
4,931,158
5,468,327
6,187,473
6,227,096
5,805,847
5,967,715
8,201,247
9,896,912
9,280,237
10,606,856
11,185,039
11,997,732
Total Equity
8.22
2.28
- -
- -
0.32
2.7
6.66
5.64
2.11
2.03
3.69
4.01
3.6
2.06
- -
- -
- -
Return on Invested Capital (%)
8.37
5.86
- -
- -
1.64
3.76
9.64
9.7
2.97
-0.98
4.23
6.12
3.46
0.45
- -
- -
- -
Return on Capital (%)
18.35
8.68
0.85
0.24
1.63
5.19
18.63
17.18
3.83
-5.41
6.52
10.99
5.72
-2.17
-24.44
-13.95
-14.32
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6,911,711
7,185,472
8,736,984
LT Borrowings
7,568,130
7,852,018
7,013,358
LT Finance Leases
239,032
254,220
296,240
Preferred Equity and Hybrid Capital
12,877
12,877
12,877
Shares Outstanding
188
190
188
Market Capitalization
5,110,101
4,796,873
7,104,622

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
11,832,368
12,636,722
13,459,167
Cash, Cash Equivalents & STI
1,901,480
2,683,548
2,497,288
Accounts Receivable, Net
1,422,423
1,543,337
1,932,801
Inventories
5,314,736
5,679,939
6,020,754
Total Current Liabilities
12,165,237
12,735,854
14,427,660
Payables & Accruals
- -
- -
- -
ST Debt
6,911,711
7,185,472
8,736,984
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.23%
14.33%
5.45%
Free Cash Flow
-40.15%
-84.87%
-3.88%
Net Income, GAAP
53.7%
152.22%
-53.69%
Sales/Revenue/Turnover
5.57%
8.2%
7.58%
Total Cash Common Dividend
- -
- -
20.2%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,353,387
2,651,775
2,745,895
4,562,927
12,394,024
2025
3,094,476
3,117,265
3,364,316
3,756,998
13,333,055
2026
3,881,952
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2,387.27
-1,916.86
-2,084.79
- -
-7,368.56
2025
-285.32
-1,064.07
-62.91
- -
-3,578.19
2026
-253.93
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
724.06
2025
66.81
535.86
142.57
- -
912.52
2026
60.98
- -
- -
- -
- -
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Business
Hanwha Solutions Corporation (009830.KS) is a multinational provider of chemicals, renewable energy solutions, and advanced materials headquartered in Seoul, South Korea, and founded in 1965 as Hanwha Chemical. The company operates through key divisions including Chemical, which manufactures petrochemical products such as polyolefins (polyethylene and polypropylene), polyvinyl chloride (PVC), toluene diisocyanate (TDI) for polyurethane applications, and chlor-alkali products like chlorine and sodium hydroxide (caustic soda); Qcells, which produces photovoltaic cells and modules utilizing proprietary Q.ANTUM technology, develops solar power plants, provides energy storage systems (ESS), EPC services, and retail electricity from renewable sources; Insight, focused on real estate development of smart industrial complexes, premium lifestyle properties, and citizen-participatory renewable energy projects; and Q Energy, which manages onshore/offshore wind, solar farms, and energy storage across Europe with a 14 GW development pipeline. It serves diverse markets including petrochemical end-users in consumer goods, construction, electronics, and automotive; solar customers in residential, commercial, utility-scale, and retail sectors; and development partners in industrial and urban real estate; with global operations spanning South Korea, the United States, Europe (including Germany and seven other countries), Japan, and select Asian markets. In recent developments, Hanwha Solutions expanded its U.S. presence through paid-in capital increases for subsidiaries in 2025 to support the new Hanwha Defense & Energy entity, incorporating Hanwha Futureproof for joint market entry; advanced solar initiatives via a May 2024 partnership with True Green Capital Management for 450 MW supply and EPC services, plus a multi-year deal with Microsoft for up to 12 GW of modules; pursued hydrogen advancements leveraging Chemical Division capabilities in water electrolysis, storage, transportation, and vehicles; and benefited from group-level expansions like Hanwha Philly Shipyard's $5 billion infrastructure investment in August 2025 and the 2024 acquisition of Dyna-Mac Holdings, enhancing marine and offshore synergies. The company underwent a significant rebranding from Hanwha Chemical to Hanwha Solutions in January 2020 following a merger with Hanwha Q Cells & Advanced Materials, added Galleria and City Development to its portfolio in April 2021 before spinning off certain units, and established the Insight division to integrate energy solutions, premium lifestyle, and city development businesses. These moves underscore its strategic shift toward sustainable energy, green hydrogen, and global diversification amid carbon reduction trends.