Professional
Added to YB: 2024-11-15
Pitch date: 2024-10-31
241590.KS [bullish]
Hwaseung Enterprise Co., Ltd.
-4.76%
current return
Author Info
No bio for this author
Company Info
Hwaseung Enterprise Co., Ltd. manufactures and sells shoes for sporting goods. It also purchases and sells natural rubber, synthetic rubber, recycled rubber, and EVA; and pepper and chemical materials, as well as supplies water to shoe manufacturing companies.
Market Cap
KRW 545.3B
Pitch Price
KRW 9.0K
Price Target
12.0K (+42%)
Dividend
N/A
Sector
Textiles, Apparel and Luxury Goods
Category
value
Hwaseung Enterprise (241590 KS/Buy/Initiate) Poised to take a leap forward
241590.KS: Buy, TP W12,000. 2024-25 OP growth 432%/56% YoY. Undervalued at 10x P/E vs 15x peer avg. Key Adidas vendor benefiting from earnings rebound, Originals lifestyle orders. 2025 rev +14% YoY (20% USD), OP +56% YoY, 6% margin. Risks: Adidas performance, fashion trends.
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