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042660:KRXHanwha Ocean Co., Ltd. Analysis

Data as of 2026-03-13 - not real-time

₩136,900.00

Latest Price

6/10Risk

Risk Level: Medium

Executive Summary

Hanwha Ocean is trading at 136,900 KRW, comfortably above its 20‑day (133,710) and 50‑day (134,580) simple moving averages, while the MACD histogram has turned positive, signaling a fresh bullish momentum despite a neutral RSI of 52.8. Fundamentally, the company delivered 11.8% revenue growth and a solid 25% ROE, yet its balance sheet is strained with a debt‑to‑equity ratio near 97 and negative free cash flow, raising concerns about cash generation.
The forward P/E of 23.6 sits well below the industry average of 29.1, offering an upside potential of roughly 19% to the consensus target price of 167,000 KRW. However, high 30‑day volatility (≈92%) and a lack of dividend payout temper the enthusiasm, making the stock a nuanced play that blends growth prospects with value considerations.

Market Outlook

Short Term

< 1 year
Positive
Model confidence: 7/10

Key Factors

  • Price above short‑term SMAs and bullish MACD crossover
  • Analyst consensus strong‑buy with ~19% upside
  • Increasing trading volume supporting momentum

Medium Term

1–3 years
Neutral
Model confidence: 6/10

Key Factors

  • High leverage and negative free cash flow may constrain earnings
  • Revenue growth remains robust, supporting earnings stability
  • Volatility remains elevated, suggesting cautious positioning

Long Term

> 3 years
Positive
Model confidence: 5/10

Key Factors

  • Undervalued relative to industry P/E and strong ROE
  • Potential for debt reduction and cash‑flow improvement over cycle
  • Strategic exposure to defense and offshore markets with long‑term demand

Key Metrics & Analysis

Financial Health

Revenue Growth11.80%
Profit Margin9.54%
P/E Ratio23.6
ROE25.12%
ROA3.90%
Debt/Equity96.88
Op. Cash Flow₩253.0B
Free Cash Flow₩-552875196416
Industry P/E29.1

Technical Analysis

TrendNeutral
RSI52.8
Support₩108,500.00
Resistance₩154,800.00
MA 20₩133,710.00
MA 50₩134,580.00
MA 200₩111,660.25
MACDBullish
VolumeIncreasing
Fear & Greed Index72.88

Valuation

Target Price₩162,761.90
Upside/Downside18.89%
GradeFair
TypeBlend

Risk Assessment

Beta0.58
Volatility91.61%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskMedium
Liquidity RiskMedium

This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.