Hanon Systems manufactures, distributes, and sells automotive thermal and energy management solutions for conventional, electric, hybrid, fuel cell, and autonomous vehicles in South Korea, Europe, Asia, and the Americas. The company offers heating ventilation, and air conditioning (HVAC) systems; and radiators, compressors and clutches, charge air coolers, exhaust gas recirculation modules, electronic coolant pumps and valves, electronic waste gate actuators, cold storage evaporator, and electronic throttle bodies. It also provides fluid transport products, including refrigerant lines, coolant lines, transmission oil cooler lines, accumulators, receiver driers, internal heat exchangers, and metal seal fittings. In addition, the company offers automatic and manual front and rear temperature controls that operate the HVAC systems; cluster ion generators; and cooling modules, such as radiators, condensers, fans, and shrouds. Further, it is involved in the development, technology consultation, import, and export of auto parts. The company was formerly known as Halla Visteon Climate Control Corporation and changed its name to Hanon Systems in August 2015. Hanon Systems was founded in 1986 and is headquartered in Daejeon, South Korea. Hanon Systems is a subsidiary of Hahn & Co. Auto Holdings Co., Ltd.

Hanon Systems

Hanon Systems provides thermal management solutions, including conventional and electrification thermal management, for vehicles.

Hanon Systems | 56,072 followers on LinkedIn. Proudly serving the automotive industry as a leader in innovative thermal and energy management solutions | About Hanon Systems
Hanon Systems is a full-line supplier of automotive thermal and energy management solutions for electrified and conventional vehicles. Its offering includes a wide range of solutions in the areas of heating ventilation and air conditioning; powertrain cooling; compressor; fluid transport; and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers, and employs more than 20,000 people across 21 countries.

Shared Services Manager @ Hanon Systems | Lean Six Sigma

Gabor Balazs

Purchasing Manager with over 15 years of experience

Bob Waling, C.P.M.

Manager at HANON Systems

Stefano Bonetti

Katie Kern

Hanon Systems appreciates our employees in Apodaca (Mexico), Atibaia (Brazil) and Concord (Canada) for their support towards breast cancer awareness in October. ▷ #Apodaca employees and their families participated in the 𝘧𝘶𝘦𝘳𝘵𝘦 𝘳𝘢𝘤𝘦, or pink race, in the city of Monterrey, joining more than 3,000 runners to raise nearly 1 million pesos to support breast cancer treatments. ▷ #Brazil human resources organized guest speakers and events focused on promoting breast cancer prevention for female staff members. ▷ Thirty employees from our plant in #Concord , Ontario, Canada joined the CIBC Run for the Cure for the third consecutive year, raising money for the cause through their participation. Thank you for your dedication to raising awareness and supporting those in need. #HanonSystems #Philanthrophy

Last week, Hanon Systems employees across North America celebrated Halloween with costumes, pumpkin carving contests and trick-or-treating. We hope everyone enjoyed the holiday!

Today, Hanon Systems proudly announced our newest electric compressor manufacturing plant in Woodbridge, Ontario, Canada. As our first eCompressor manufacturing facility in North America, Woodbridge demonstrates our commitment to supporting customers in the region by locally producing this critical component for thermal management in hybrid and electric vehicles. Members of the local team and regional executives celebrated alongside local dignitaries including Ontario Minister of Economic Development, Job Creation and Trade Vic Fedeli, , MPP Laura Smith and Michael Tibollo, Mayor of Vaughan Steven Del Duca, and Invest Ontario. Read the release: https://lnkd.in/gH2A7PrE #HanonSystems #Woodbridge #Ontario #ElectricCompressor #Manufacturing

The Coclisa plants in Juárez, Mexico hosted their annual health, safety and environment fair on Oct. 12. Attended by more than 600 employees, their families and local vendors, the event provided 135 medical consultations, interactive safety exhibits, a 3k run, and fun activities for children. A heartfelt thank you to the local team for their dedication to supporting our valued employees! #HanonSystems #HealthAndSafety #EmployeeWellness

As part of our social sustainability agenda, Hanon Systems is dedicated to supporting our customers in enhancing diversity across the value chain. Recently, we had the honor of participating in the Stellantis MatchMaker event once again in 2024. This event provided us with a valuable platform to engage with minority-certified suppliers, reinforcing our commitment to boosting diversity spend. #HanonSystems #Sustainability #Diversity

Congratulations to the Belleville plant on 35 years of operation! Located in Ontario, Canada, this plant holds a special place as the company's first manufacturing operation outside of Korea. Belleville employees celebrated with a luncheon, and were proud to host city of Belleville’s Mayor Neil Ellis, local MP Ryan Williams, and Belleville chamber of commerce representatives. #HanonSystems #Belleville #Canada

At Hanon Systems, we strive to strengthen local communities and reinforce team spirit by encouraging employee volunteer activities. Recently, groups from the Americas Innovation Center in #Novi , Mich. supported two local organizations: Life Remodeled ’s Six Day Project, an annual initiative that mobilizes thousands of volunteers to clear blight and beautify neighborhoods in the city of Detroit. Forgotten Harvest , a non-profit dedicated to relieving hunger and preventing nutritious food waste Thank you to our employees for donating their time to volunteer through the Hanon Systems Citizen program! #HanonSystems #ForgottenHarvest #6DP2024 #TOGETHER

Hanon Systems showcased our innovative VR-LED Photocatalyst for air disinfection technology at the 2024 Automotive News Congress in Pontiac, Mich. earlier this week. The product, a 2025 PACE Award finalist, improves cabin air quality by eliminating viruses, bacteria, gases and odors. We are honored to be short-listed for this prestigious award and appreciated the opportunity to engage with the latest developments influencing the automotive industry at the conference. #HanonSystems #AutomotiveNews #PACEAwards

We are excited to share that we recently appeared on Mocar, a well-known Korean automotive review YouTube channel. Kim Han Young from Mocar visited our Asia Pacific Innovation Center in Daejeon, Korea to delve into our four generations of heat pump systems and the advantages they bring to electric vehicles. Watch the insightful discussion with our lead engineer here (video in Korean; English subtitles available): https://lnkd.in/g8ytfqmb #HanonSystems #Automotive #Innovation #ElectricVehicles #HeatPumps

Last week, the company’s Americas Innovation Center in #Novi , #Michigan hosted the 39th annual Gene Rhodes Cure for Diabetes Golf Classic. Paying tribute to Gene Rhodes, a former engineering employee known as “the grandfather of aluminum radiators” who suffered from diabetes, the event raises money for the University of Michigan’s diabetes research center. 116 golfers participated this year, including current and former employees, their friends and family, and suppliers, raising more than $12,000 for the cause. Thanks to all who played, volunteered and donated! #HanonSystems #Philanthropy

Metric
Company Name	Hanon Systems
Symbol	18.88K
MSH ID	COM:HANONSYSTEMS
Market	STOCKS
Sector	Consumer Cyclical
Industry	Auto - Parts
Country	KR
Stage
Employee Count	1.99K
Website	hanonsystems.com
LinkedIn	hanonsystems
Founders

Metric
Market Cap	1.80B
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	6.72B
Revenue (LTM)
Revenue (NTM)
Gross Profit	611.96M
EBITDA	615.12M
Operating Income	194.80M
Net Income	35.82M
EPS	0.07
Diluted EPS	0.07
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.32
Operating Profit Margin	0.03
EBITDA Margin	0.09
Net Profit Margin	0.01
Return on Equity	0.02
Return on Assets	0.01
Return on Capital Employed	0.05

0188

COM:HANONSYSTEMS

Hanon Systems

Last Close

4,135.00

25/11 06:30

Market Cap

2.57T

Beta: -

Volume Today

1.11M

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	44.50
P/B Ratio	1.36
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	0.36
EV Multiple	0.11

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding	68.88
Operating Cycle	122.04
Cash Conversion Cycle	52.17
Asset Turnover	1.04

Metric
Operating Cash Flow	363.46M
Free Cash Flow	-198.23M
Cash Flow to Debt	0.13
Operating Cash Flow/Sales	0.05
Free Cash Flow Yield	-0.04

Metric
Cash & Equivalents	546.97M
Accounts Receivable	33.45M
Inventory	801.16M
Goodwill	626.26M
Debt to Capitalization	0.64
Debt to Assets
Current Ratio	1.09
Quick Ratio	0.75

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.00
R&D to Revenue	0.01
SG&A to Revenue	0.05