1. South Korea Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
HS HWASUNG Co., Ltd.

HS HWASUNG Co., Ltd.

KKRX:002460
10,600.00
KRW
+10.00
(+0.09%)
2,763.35EPS
4.18P/E
104.92BMarket Cap
Nov 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
69,670.17
57,019.99
Basic EPS, GAAP
1,432
1,975.49
2,006
2,780
3,687
4,065
634
2,742
2,467
2,390
2,302
1,293
2,915.7
2,631.81
Free Cash Flow per Basic Share
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
5,448.97
10,636.61
Dividend per 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
499.95
- -
Book Value per Share
20,832.03
21,958.45
23,612.14
25,809.24
28,790.17
30,948.67
30,635.18
32,533.84
34,409.66
39,046.09
40,704.49
40,575.86
45,678.37
45,420.01
Tangible Book Value per Share
20,784.37
21,912.24
23,567.23
25,764.33
28,745.26
30,903.76
30,590.26
32,491.46
34,363.25
38,984.98
40,650.38
40,523.72
45,391.36
45,160.72
Basic Weighted Avg Shares
11
12
12
12
12
12
12
12
12
10
9
9
9
10
Sales/Revenue/Turnover
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
542,801
Operating Margin (%)
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
4.72
Depreciation Expense
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
7,873
Net Income, GAAP
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
25,053
Effective Tax Rate (%)
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
27.77
Profit Margin (%)
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
4.62
Working Capital
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
130,050
LT Debt
17,815
17,815
11,064
11,064
43,064
11,064
7,711
349
124,392
120,707
228,618
45,233
622
40,856
Total Equity
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
435,131
Return on Invested Capital (%)
4.18
5.95
8.35
11.11
12.14
12.62
3.3
7.34
4.54
1.96
3.07
2.79
5.04
3.02
Return on Capital (%)
6.72
8.77
8.41
10.9
12.22
12.42
2.05
8.41
6.08
4.67
5.67
3.6
5.16
5.07
Return on Common Equity (%)
7.14
9.39
8.81
11.25
13.5
13.61
2.06
8.68
7.37
6.28
5.77
3.17
6.73
6.1

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
183,189
182,980
152,991
LT Borrowings
- -
- -
40,000
LT Finance Leases
622
745
856
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
114,071
109,112
104,915

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
356,869
362,695
363,349
Cash, Cash Equivalents & STI
114,212
126,883
126,164
Accounts Receivable, Net
105,642
91,397
104,489
Inventories
100,289
99,103
97,383
Total Current Liabilities
266,409
264,579
233,299
Payables & Accruals
- -
- -
- -
ST Debt
183,189
182,980
152,991
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

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

KRW

•

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
81,599
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,166
86
-346
417.63
1,293
2025
493
397
2,199.31
-172.66
2,915.7
2026
479.71
137.25
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
493.43
2025
- -
- -
- -
- -
499.95
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jong-Won Lee
Full Time Employees
364
Sector
Industrial services
Industry
Engineering & construction
Address
111, Dongdaegu-ro Daegu DA South Korea
IPO Date
Sep 29, 1988
Website
hwasung.com
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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.