Hancom WITH Inc

Hancom WITH Inc

KKRX:054920
3,850.00
KRW
-160.00
(-3.99%)
262.00EPS
21.38P/E
125.50BMarket Cap
Hancom WITH Inc
KRX:054920
(Korea Stock Exchange)

Recent

price

3,850.00

P/E

ratio

21.38

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
1,594.75
1,992.97
1,698.18
1,840.19
1,542.75
1,227.41
1,177.22
1,301.76
1,138.23
895.15
1,244.78
1,055.2
1,155.67
16,196.62
18,066.72
30,875.96
31,062.19
Revenue per Share
-671
1,363.25
164.08
19
-30
-314
-9
109
20.36
1,905
307
208
274
36
-154
314
233.65
Basic EPS, GAAP
-10.16
-159.17
149.69
-96.9
-42.5
-363.54
24.48
-125.69
57.62
35.17
54.38
-164.43
87.03
-240.85
64.36
245.22
-65.19
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2,693.85
4,096.12
4,268.61
4,604.42
4,504.16
4,094.59
4,010.57
4,227.48
4,203.81
5,006.27
5,259.75
5,511.89
5,680.77
5,689.21
5,547.85
5,801.8
5,844.86
Book Value per Share
2,386.85
3,692.91
3,833.49
4,128.11
3,960.48
3,540.46
3,474.98
3,758.44
3,790.08
4,816.5
5,079.79
5,267.5
5,476.73
5,468.4
5,436.75
5,731.23
5,777.74
Tangible Book Value per Share
12
12
12
12
12
12
12
13
14
18
25
25
25
25
25
25
25
Basic Weighted Avg Shares
18,880
23,597
20,106
21,379
18,139
14,530
14,475
16,389
15,713
15,829
30,921
26,233
28,706
404,980
448,181
771,217
777,454
Sales/Revenue/Turnover
5.67
10.79
3.22
4.36
0.48
-6.17
3.49
0.58
1.68
-2.66
7.67
2.54
-2.4
0.2
0.42
0.79
0.53
Operating Margin (%)
1,196
993
916
1,218
1,257
1,388
1,743
1,646
1,450
1,507
2,010
2,406
3,137
2,356
1,761
1,446
1,418
Depreciation Expense
-7,944
16,141
1,943
221
-353
-3,717
-111
1,372
281
33,686
7,626
5,171
6,806
900
-3,820
7,843
5,848
Net Income, GAAP
- -
0.12
- -
- -
- -
- -
- -
- -
- -
- -
6.83
3.25
- -
- -
- -
7.82
10.81
Effective Tax Rate (%)
-42.08
68.4
9.66
1.03
-1.94
-25.58
-0.76
8.37
1.79
212.81
24.66
19.71
23.71
0.22
-0.85
1.02
0.75
Profit Margin (%)
-16,737
14,210
-14,502
8,776
-19,805
-23,419
-24,114
-19,064
-17,577
-6,421
-31,053
-18,619
-33,263
-39,570
-35,513
-56,362
-54,109
Working Capital
- -
- -
9,500
29,360
3,000
4,660
- -
4,100
- -
7,383
7,033
10,464
875
36
6,015
14,035
14,049
LT Debt
31,895
48,498
50,540
54,516
53,329
48,480
50,172
53,194
60,429
126,203
130,583
139,392
143,938
144,513
140,204
149,154
150,037
Total Equity
- -
28.43
- -
1.12
- -
- -
- -
0.12
0.31
- -
1.33
-0.08
- -
- -
- -
2.67
1.72
Return on Invested Capital (%)
- -
35.16
- -
2.09
- -
- -
- -
2.97
1.56
- -
5.67
3.7
- -
- -
- -
4.18
3.59
Return on Capital (%)
-22.36
40.15
3.92
0.42
-0.65
-7.3
-0.22
2.66
0.5
36.53
5.99
3.87
4.9
0.64
-2.73
5.53
4.06
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
59,828
62,393
61,997
LT Borrowings
14,000
14,000
14,000
LT Finance Leases
- -
35
49
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
114,318
110,800
125,498

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
27,799
29,341
25,826
Cash, Cash Equivalents & STI
15,280
16,375
9,263
Accounts Receivable, Net
2,990
1,915
1,863
Inventories
502
3
1,870
Total Current Liabilities
78,399
85,703
79,935
Payables & Accruals
- -
- -
- -
ST Debt
59,828
62,393
61,997
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.92%
2.76%
6.38%
Free Cash Flow
-156.46%
-155.39%
283.64%
Net Income, GAAP
937.32%
-183.41%
-305.3%
Sales/Revenue/Turnover
149.26%
277.56%
72.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
77,462
133,113
117,800
116,847
448,181
2025
159,736
186,939
150,527
274,015
771,217
2026
165,973
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
54
112
39
-358.27
-154
2025
126
167.47
134.43
-112.18
314
2026
45.39
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Hancom WITH Inc. is a South Korea-based information security software provider and digital asset technology company that serves as the core security and holding entity of the Hancom Group. Founded on March 31, 1999, as SoftForum Co., Ltd., and formerly known as Hancom Secure Inc. before rebranding in July 2019, the company is headquartered in Seongnam-si, Gyeonggi-do, South Korea, and is publicly listed on the KOSDAQ market under the ticker 054920. Hancom WITH provides cybersecurity, cryptographic infrastructure, digital identity authentication, blockchain architectures, and precious metal trading solutions to financial institutions, enterprise corporations, public sector agencies, and retail consumers across South Korea and international markets. The company delivers its technologies and services through several core product lines: Public Key Infrastructure and data encryption software, including Hancom xPKI for digital certificate lifecycle management and verification, and Hancom xDB TSS and Hancom xDB v5.0 for storage-level encryption of structured and unstructured enterprise databases; network and communication security frameworks, including Hancom xConnect v4.0 with post-quantum cryptography integration; identity authentication and biometric verification platforms, comprising Hancom Pass for FIDO-certified biometric authentication, FacePIN for facial recognition, AnySign for web-based electronic signatures and data encryption, AnyPIN for credential authentication, and HancomAUTH Liveness for AI-powered facial biometric anti-spoofing and deepfake detection; artificial intelligence-driven data protection systems, featuring Data Security Posture Management platforms for automated data asset identification and National Network Security Framework compliance, alongside intelligent contextual document classification engines; distributed ledger solutions, including the Hancom SLedger blockchain platform and Hancom BSS blockchain security infrastructure; and physical and digital commodities trading, conducted via its subsidiary Hancom Gold Exchange (Korea Gold Exchange), which encompasses physical bullion distribution, jewelry showroom operations, and digital real-world asset trading platforms. In recent operational and strategic developments, Hancom WITH has expanded its presence in post-quantum cryptography and artificial intelligence security through the commercial rollout of post-quantum-enabled encryption suites and deepfake-resistant authentication tools. The company has accelerated its digital financial asset initiatives by entering into a strategic tripartite partnership with UAE-based gold trading enterprise ADGT and Cast Holdings to establish gold-backed real-world asset tokenization platforms across the Middle East. Hancom WITH also formed a collaboration with AI infrastructure provider Connectionary to co-develop public sector data security and automated document classification technologies. Additionally, Hancom WITH has restructured its corporate governance by systematically increasing its equity stake in key affiliate Hancom Inc. beyond 30 percent, consolidating the software flagship as a subsidiary to solidify Hancom WITH's operational control and role as the centralized holding structure for the broader group.