009830 KR · Hanwha SolutionsMW GOBLIN RESEARCH
Hanwha Solutions: Funding Pressure Persists After a Return to Profitability
Analysis date
Published
Neutral as of 2026-10-22. The retrieved share price of KRW 30,050 is below the reference book value, but solar working capital needs and additional capital contribution requirements persist. An improvement in cash flow after investment and interest payments must be confirmed before the shares can be considered undervalued.
Read the reasoning behind the analysis
The full report includes key metrics, detailed analysis, valuation, and sources.
Read up to three full reports daily without signing in.
Read the full reportWhat this report covers
- Cash remains insufficient after investment and interest payments despite revenue growth
- Distinguish U.S. working capital contributions from guarantees for external financing
- Additional capital contribution plans limit the capacity to reduce debt