Hanwha Solutions (009830) Fair Value & Analysis
Technology · KR · Market cap 5.8T KRW (≈ $4.0B) · ISIN KR7009830001
What is Hanwha Solutions really worth?
Below-average quality, and trading another 110% above our fair value of 14,307 KRW.
Risks
Fair value as of: Aug 28, 2026
From 3 valuation models · updated 8 days ago
Share price +21.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (21,408 KRW). The favourable scenario is already priced in.
- Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The model range is unusually wide (7,766 KRW to 21,408 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range 14,581 KRW – 58,851 KRW · fair‑value band 7,766 KRW – 21,408 KRW · the 30,050 KRW price screens above the 14,307 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Hanwha Solutions (009830) currently trades at 30,050 KRW, while our model-based Fair Value estimate is 14,307 KRW, implying the stock looks roughly 110.0% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Technology sector. Bull case: the Asset-Based group reads highest at a median of 34,235 KRW per share, and 1 of the 3 models we run sit above the 30,050 KRW price. Bear case: the Dividend Discount group reads lowest at 14,021 KRW, and 2 of the 3 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Hanwha Solutions generated revenue of 14.1T KRW at a net margin of −6.2%. Revenue grew 25.4% year over year. It earns a return on equity of −7.6%. Net debt stands at 12.5T KRW. Fundamentals as of Aug 28, 2026
Our scenario range runs from 7,766 KRW (bear case) to 21,408 KRW (bull case); at 30,050 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 49% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −52%, 009830 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 3 models by family
Widest divergence: Asset-Based (34,235 KRW) versus Dividend Discount (14,021 KRW). Highest evidence: DDM Multi-Stage (66).
Notify me when 009830 reaches fair value
Put 009830 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 15
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hanwha Solutions Corporation engages in the manufacture and sale of synthetic resins in South Korea, China, Germany, the United States, and internationally. The company operates through Basic Materials, Renewable Energy, Processed Materials, and Other segments.
Full company description
Hanwha Solutions Corporation engages in the manufacture and sale of synthetic resins in South Korea, China, Germany, the United States, and internationally. The company operates through Basic Materials, Renewable Energy, Processed Materials, and Other segments. It produces and sells PE, PVC, CA, TDI products, etc.; hydrogenated petroleum resin; specialized products, such as insulator XLPE, high-purity XDI for use in high-refractive lenses and plasticizers; and solar ingots and wafers, as well as cells and modules. The company also distributes solar energy; provides energy solutions and power management software; lightweight composite materials, such as automotive parts materials and industrial materials, and solar materials; and electronic materials. In addition, it engages in real estate development; and planning, developing, operating, maintaining, and financing primarily in renewables and premium development businesses. Further, the company is involved in gunpowder manufacturing, wholesale and retail, chemical manufacturing, shipbuilding, construction, leisure/service, and textiles businesses, as well as industrial explosives/construction/trade, etc. The company was formerly known as Hanwha Chemical Corporation and changed its name to Hanwha Solutions Corporation in January 2020. Hanwha Solutions Corporation was founded in 1965 and is headquartered in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hanwha Solutions reported revenue of 13.3T KRW in FY2025 versus 10.7T KRW in FY2021, a compound +5.6%/yr. Reported net income was −650B KRW in FY2025.
009830 screens 110% overvalued. Compare with First Solar, Inc →
Peer Group
Solar · 109 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Solar median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Nextpower Inc NXT | $103.67 | $69.61 | −33% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | −6% |
| Jinko Solar Co 688223 | ¥4.16 | ¥6.47 | +56% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | −38% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | −34% |
| Hengdian Group 002056 | ¥21.53 | ¥31.86 | +48% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | −36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | −38% |
Compare Hanwha Solutions with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Hanwha Solutions (009830) overvalued or undervalued?
What is the fair value of 009830?
What is the quality score of 009830?
What is the revenue of Hanwha Solutions (009830)?
What is the net profit margin of 009830?
Does Hanwha Solutions pay a dividend?
Watch Hanwha Solutions in the live analysis
One click puts Hanwha Solutions on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.