1. South Korea Stocks

  2. •

    Producer manufacturing

  3. •

    Auto parts: OEM
Hanon Systems

Hanon Systems

KKRX:018880
3,680.00
KRW
-45.00
(-1.21%)
-5.58EPS
3.94TMarket Cap
Nov 05Next 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
8,712.71
9,159.45
1,867.27
9,572.68
9,386.18
9,967.57
12,017.93
11,553.68
12,344.69
14,377.98
16,069.23
16,677.69
16,006.59
12,646.81
Basic EPS, GAAP
497.63
462.4
77.44
490.28
484.9
466.08
535.1
185.54
518.07
34.06
86.05
-605.9
-292
-5.81
Free Cash Flow per Basic Share
373.9
122.25
60.35
90.19
234.25
-157.51
214.27
324.99
54.25
-438.87
-476.2
-286.27
-555.39
254.59
Dividend per Share
129.46
199.76
36.29
341.18
288.11
289.52
290.07
257
352.27
323.63
312.25
77.34
2.75
1.21
Book Value per Share
2,508.77
2,717.68
2,929.54
3,068.71
3,322.4
3,419.89
3,722.21
3,556.24
3,935.51
3,755.42
3,983.31
3,768.75
3,671.81
4,007.96
Tangible Book Value per Share
2,246.82
2,429.18
2,581.32
2,480.58
2,587.53
2,472.86
1,047.67
832.27
928.88
525.54
412.65
663.17
1,542.84
1,865.77
Basic Weighted Avg Shares
596
596
2,977
596
595
596
595
595
596
600
593
600
680
872
Sales/Revenue/Turnover
5,189,356
5,454,949
5,558,081
5,703,715
5,585,673
5,937,585
7,154,153
6,872,833
7,351,424
8,627,728
9,521,628
9,998,723
10,883,728
11,031,699
Operating Margin (%)
7.01
6.79
6.47
7.41
8.39
7.31
6.76
4.59
4.43
2.97
2.98
0.96
2.48
3.5
Depreciation Expense
161,933
165,381
173,880
186,189
201,511
267,575
380,731
468,242
508,532
557,879
598,415
651,184
741,913
760,772
Net Income, GAAP
296,392
275,385
230,509
292,125
288,563
277,639
318,537
110,368
308,515
20,438
50,985
-363,256
-198,546
-5,064
Effective Tax Rate (%)
21.32
21.7
29.6
26.92
29.21
25.27
20.78
18.84
12.39
72.48
56.25
- -
- -
104.83
Profit Margin (%)
5.71
5.05
4.15
5.12
5.17
4.68
4.45
1.61
4.2
0.24
0.54
-3.63
-1.82
-0.05
Working Capital
670,461
732,362
562,587
687,552
941,774
992,089
830,905
746,294
738,244
173,686
120,763
-594,785
427,685
256,884
LT Debt
237,394
277,191
64,561
342,800
621,009
1,186,216
2,308,777
2,476,847
2,555,480
2,305,388
2,679,147
2,126,023
2,096,273
1,632,596
Total Equity
1,540,869
1,669,992
1,799,441
1,884,906
2,031,445
2,131,656
2,337,502
2,239,435
2,476,658
2,369,866
2,508,487
2,998,738
3,912,981
4,267,299
Return on Invested Capital (%)
16.64
14.55
11.58
12.71
12.17
9.64
8.44
4.69
4.76
1.09
1.85
- -
- -
-0.24
Return on Capital (%)
17.21
13.81
10.63
12.5
11.01
8.79
8.36
3.35
6.43
0.67
1.87
- -
- -
-0.2
Return on Common Equity (%)
20.51
17.69
13.71
16.36
15.16
13.83
14.98
5.09
13.83
0.89
2.21
-13.9
-6
-0.15

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,763,443
2,067,924
2,161,532
LT Borrowings
1,544,834
1,166,325
1,077,953
LT Finance Leases
551,439
562,636
554,642
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,026
1,026
1,026
Market Capitalization
3,042,478
3,838,180
3,935,674

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,412,507
4,739,284
4,805,726
Cash, Cash Equivalents & STI
937,289
875,927
997,848
Accounts Receivable, Net
1,437,036
1,705,490
1,658,841
Inventories
1,404,689
1,442,565
1,471,066
Total Current Liabilities
3,984,822
4,524,080
4,548,842
Payables & Accruals
- -
- -
- -
ST Debt
1,763,443
2,067,924
2,161,532
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.51%
12.43%
30.49%
Free Cash Flow
-117.28%
-182.09%
120.04%
Net Income, GAAP
-65.11%
-124.44%
-45.34%
Sales/Revenue/Turnover
7.19%
9.71%
8.85%
Total Cash Common Dividend
-8.41%
-29.17%
-95.96%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,404,648
2,559,894
2,499,779
2,535,620
9,998,723
2025
2,617,326
2,858,196
2,705,698
2,702,509
10,883,728
2026
2,748,244
2,875,248
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14.34
-57.36
-35.85
-526.79
-605.9
2025
-31.72
-21.51
72.21
-313.18
-292
2026
64.91
84.25
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.25
67.88
4.88
- -
77.34
2025
- -
- -
- -
1.56
2.75
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Soo-Il Lee
Full Time Employees
2,223
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
95, Sinilseo-ro Daejeon DE South Korea 34323
IPO Date
Jul 31, 1996
Website
hanonsystems.com
Similar Companies
Bosch Limited (NSE:BOSCHLTD)
Sona BLW Precision Forgings Ltd. (NSE:SONACOMS)
Samvardhana Motherson International Limited (NSE:MOTHERSON)
Cummins India Limited (NSE:CUMMINSIND)
Exide Industries Limited (NSE:EXIDEIND)
Sumitomo Electric Industries, Ltd. (TSE:5802)
Business
Hanon Systems, a subsidiary of Hankook & Company Group, develops and manufactures thermal energy management solutions for electrified and conventional vehicles worldwide; core products include heating, ventilation and air conditioning (HVAC) systems such as ultra-flat HVAC, straight airflow path HVAC and CO2 sensors; compressors encompassing fixed swash plate, rotary suction, variable swash plate and electric variants; powertrain cooling components like cooling modules, radiators, condensers, charge air coolers and electronic wastegate actuators; fluid transport and electronics; pumps; battery thermal management systems for electric and hybrid vehicles; transmission thermal management solutions including auto transmission warmers, coolers and electronic oil pumps; and controllers such as ionizers. Founded in 1986 as a joint venture between Ford Motor Co. and Mando Machinery Corp., the company is headquartered in Daejeon, South Korea, and operates approximately 50 manufacturing sites, three regional innovation centers and 18 engineering centers across 21 countries in Asia, Europe and the Americas, serving major automakers including Hyundai, Kia and Ford. In January 2025, Hankook & Company Group completed its acquisition of Hanon Systems, integrating it into its core mobility portfolio alongside tires and batteries to leverage synergies in global sales, supply chain management and technology; the company amended its capital increase plan in September 2024 to raise KRW 600 billion from Hankook Tire & Technology for business restructuring, debt repayment, cost improvements and resource optimization in Europe, North America and China amid automotive electrification shifts; and in October 2024 expanded manufacturing capacity in Woodbridge, Canada, to create 300 jobs.