Hanwha Solutions Corporation

Hanwha Solutions Corporation

009835.KS
Hanwha Solutions CorporationKR flagKorea Exchange
21,950.00
KRW
-1,000.00
- -
4.85TMarket Cap
Hanwha Solutions Corporation
009835.KS
(Korea Exchange)

Recent

price

21,950.00

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
51,977.82
57,961.61
50,363.25
56,581.23
52,755.27
50,460.62
57,780.2
58,224.89
56,353.66
59,445.74
58,444.39
60,746.31
72,320.09
70,581.24
68,353.22
77,097.26
82,103.01
Revenue per Share
2,888.94
1,850.27
213.96
59.38
371.61
1,181.37
4,713.21
5,140.11
1,162.95
-1,493.61
1,964.52
3,506.23
1,978.07
-761.15
-7,745.28
-3,761.13
-3,807.8
Basic EPS, GAAP
-2,080.16
-475.85
-4,327.92
-1,957.66
-732.02
2,778.79
3,243.69
2,566.58
-79.92
195.24
1,128.26
952.7
-4,550.83
-10,216.74
-15,334.34
-15,453.57
-14,176.92
Free Cash Flow per Basic Share
468.17
614.31
469.13
274.44
139.28
153.92
152.99
358.62
358.44
206.82
207.06
- -
- -
281.85
761.08
959.18
972.23
Dividend per Share
16,959.38
25,511.5
24,833
24,682.26
23,243.74
23,208.96
27,523.58
32,340.1
28,360.66
26,586.86
33,339.91
34,119.48
35,987.38
34,998.39
27,619.9
24,972.88
24,770.08
Book Value per Share
24,315.53
32,285.64
29,142.14
28,638.25
28,195.98
28,157.56
31,430.57
35,899.24
35,771.23
33,810.82
35,265.2
37,467.57
45,421.91
40,447.27
48,743
53,925.31
58,735.07
Tangible Book Value per Share
138
137
138
139
153
159
160
160
161
159
157
177
182
185
181
173
172
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
178
181
181
Market Capitalization
3,805,804
3,618,494
3,921,270

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
-2,509.32
-2,014.85
-2,191.38
- -
-7,745.28
2025
-299.9
-1,118.47
-66.13
- -
-3,761.13
2026
-318.88
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
761.08
2025
70.23
563.25
149.86
- -
959.18
2026
76.57
- -
- -
- -
- -
Business
Hanwha Solutions Corporation, founded in 1965 and headquartered in Seoul, South Korea, operates as a multinational provider of chemicals, renewable energy solutions, advanced materials, and real estate development services through its core divisions including Chemical, Q CELLS, Advanced Materials, and Insight; the company changed its name from Hanwha Chemical Corporation in January 2020 following a merger with Hanwha Q CELLS & Advanced Materials and conducts global operations across Asia, Europe, North America, and the Middle East with manufacturing sites, R&D centers, and sales networks in countries such as South Korea, Germany, the United States, China, and Malaysia. The Chemical Division manufactures petrochemical products including polyolefins such as low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), and ethylene vinyl acetate (EVA); polyvinyl chloride (PVC) and eco-friendly plasticizers like ECO-DEHCH; chlor-alkali products comprising caustic soda, chlorine, ethylene dichloride (EDC), and vinyl chloride monomer (VCM); and toluene diisocyanate (TDI) along with derivatives for polyurethane applications. The Q CELLS Division supplies photovoltaic solar modules featuring Q.ANTUM, Q.ANTUM DUO, and Q.PEAK DUO technologies; energy storage systems like Q.HOME+ ESS; solar power plants with engineering, procurement, and construction (EPC) services; and downstream energy retail under Q.ENERGY targeting households and businesses with 100% renewable electricity, while maintaining a 14 GW development pipeline in Europe. The Advanced Materials Division produces lightweight composites such as StrongLite (glass fiber reinforced thermoplastics), SuperLite (low weight reinforced thermoplastics), and sheet molding compound (SMC) for automotive and electric vehicle battery housings; Type 4 composite hydrogen tanks and tube skids for storage and transportation; solar materials including EVA sheets and backsheets; and electronic materials like LinkTron films, coverlay films, and flexible circuit materials for displays and 5G devices. The Insight Division develops multifunctional high-tech industrial complexes such as Daedeok, Asan, Seosan, Gimhae, Hwaseong Bio, and Yongin Techno Valleys; premium real estate including Galleria department stores in Seoul, Suwon, Cheonan, Daejeon, and Jinju with fashion, F&B outlets like GOURMET 494, and luxury brands; and renewable energy-integrated urban projects. Recent developments include raising approximately KRW 500 billion in June 2025 through a price return swap agreement involving the sale of shares in German subsidiary Q Energy Solutions SE to enhance liquidity and financial flexibility; advancing green hydrogen initiatives with water electrolysis technology, non-PGM catalysts, and production plans for a PyeongChang plant targeting 290 tons annually from late 2022; strategic investments such as a 2021 acquisition of RES France to double Europe's clean energy pipeline to 10 GW including wind projects, a stake in REC Silicon for low-carbon polysilicon, and $100 million in Lancium Technologies for renewable energy management; and the 2021 addition of Galleria and City Development divisions alongside the acquisition of U.S. high-pressure tank maker Cimarron Composites with planned $100 million investment through 2025.