Hancom WITH Valuation Multiples

Hancom WITH is valued at $79M as of October 2026, a 0.2x revenue multiple. In the last fiscal year, Hancom WITH revenue was $580M and Hancom WITH EBITDA was $11M.

Hancom WITH Overview

About Hancom WITH

Hancom WITH Inc is a software company providing security solutions and services. The company operates in the Solutions Business Division, the Blockchain Business Division, and Other business divisions. The products offered by the company are AnySign, AnyPIN, XecureDB, XecureKeyManager, Blockchain Security Suite, Hancom SLedger, and others.


Founded

1999

HQ

South Korea

Employees

47

Financials (Last FY)

Revenue: $580M
EBITDA: $11M

EV

$132M

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Hancom WITH Financials

Hancom WITH reported last fiscal year revenue of $580M and EBITDA of $11M.

In the same fiscal year, Hancom WITH generated $11M in gross profit, $11M in EBITDA, and $6M in net income.


Hancom WITH P&L

In the most recent fiscal year, Hancom WITH reported revenue of $580M and EBITDA of $11M.

Hancom WITH is profitable as of last fiscal year, with gross margin of 2%, EBITDA margin of 2%, and net margin of 1%.

See analyst estimates for Hancom WITH
Last FY202320242025202620272028
Revenue$580M$301M$334M$580M
Gross Profit$11M$8M$7M$11M
Gross Margin2%3%2%2%
EBITDA$11M$2M$1M$11M
EBITDA Margin2%1%0%2%
EBIT Margin1%0%0%1%
Net Profit$6M$670K($3M)$6M
Net Margin1%0%(1%)1%
Net Debt$47M---

Financial data powered by Morningstar, Inc.

Hancom WITH Stock Performance

Hancom WITH has current market cap of $79M, and enterprise value of $132M.

Market Cap Evolution


Hancom WITH's stock price is $3.13.

Hancom WITH share price decreased by 9.1% in the last 30 days, and increased by 13.1% in the last year.

Hancom WITH has an EPS (earnings per share) of $0.23.

See more trading valuation data for Hancom WITH
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$132M$79M-2.5%-9.1%23.7%13.1%$0.23

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Hancom WITH Valuation Multiples

Hancom WITH trades at 0.2x EV/Revenue multiple, and 12.5x EV/EBITDA.

See NTM and 2027E valuation multiples for Hancom WITH

Hancom WITH Financial Valuation Multiples

As of October 21, 2026, Hancom WITH has market cap of $79M and EV of $132M.

Hancom WITH has a P/E ratio of 13.3x.

Last FY202320242025202620272028
EV/Revenue0.2x0.4x0.4x0.2x
EV/EBITDA12.5x55.3x117.4x12.5x
EV/EBIT28.7x214.1x93.2x28.7x
EV/Gross Profit11.6x17.3x19.4x11.6x
P/E13.3x117.2x(27.6x)13.3x
EV/FCF28.5x(29.3x)110.7x28.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Hancom WITH Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Hancom WITH Margins & Growth Rates

In the most recent fiscal year, Hancom WITH reported gross margin of 2%, EBITDA margin of 2%, and net margin of 1%.

See estimated margins and future growth rates for Hancom WITH

Hancom WITH Margins

Last FY20242025202720282029
Gross Margin2%2%2%
EBITDA Margin2%0%2%
EBIT Margin1%0%1%
Net Margin1%(1%)1%
FCF Margin1%0%1%

Hancom WITH Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth11%74%
Gross Profit Growth(11%)67%
EBITDA Growth(53%)838%
EBIT Growth130%224%
Net Profit Growth(524%)(307%)
FCF Growth(127%)288%

Data powered by FactSet, Inc. and Morningstar, Inc.

Hancom WITH Operational KPIs

Hancom WITH's revenue per employee in the last FY averaged $12.3M, while opex per employee averaged $0.1M for the same period.

Access forward-looking KPIs for Hancom WITH
Last FY202320242025202620272028
Revenue per Employee$12.3M---
Opex per Employee$0.1M---
S&M Expenses to Revenue0%1%0%0%
G&A Expenses to Revenue0%0%0%0%
R&D Expenses to Revenue-0%--
Opex to Revenue1%2%2%1%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Hancom WITH Competitors

Hancom WITH competitors include TAC Infosec, CSP Inc., CyCraft Technology, Advenica, Wins Technet, Quick Heal Technologies, Rank One Computing, Innovana Thinklabs, Quantum Cyber and Aton Inc.

Most Hancom WITH public comparables operate across Cybersecurity.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TAC Infosec$6M$3M13.3x-25.2x-
CSP Inc.$59M($2M)0.9x-(22.2x)-
CyCraft Technology$11M($874K)4.8x-(62.8x)-
Advenica$21M$3M3.3x3.2x21.2x43.3x
Wins Technet$74M$18M0.2x-0.8x-
Quick Heal Technologies$28M($728K)2.3x-(87.4x)-
Rank One Computing$17M($2M)3.4x2.9x(36.6x)-
Innovana Thinklabs$14M$6M5.1x-12.1x-

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About Hancom WITH

When was Hancom WITH founded?Hancom WITH was founded in 1999.
Where is Hancom WITH headquartered?Hancom WITH is headquartered in South Korea.
How many employees does Hancom WITH have?As of today, Hancom WITH has over 47 employees.
Is Hancom WITH publicly listed?Yes, Hancom WITH is a public company listed on Korea Exchange.
What is the stock symbol of Hancom WITH?Hancom WITH trades under 054920 ticker.
When did Hancom WITH go public?Hancom WITH went public in 2001.
Who are competitors of Hancom WITH?Hancom WITH main competitors include TAC Infosec, CSP Inc., CyCraft Technology, Advenica, Wins Technet, Quick Heal Technologies, Rank One Computing, Innovana Thinklabs, Quantum Cyber, Aton Inc.
What is the current market cap of Hancom WITH?Hancom WITH's current market cap is $79M.
What is the current revenue of Hancom WITH?Hancom WITH's last fiscal year revenue is $580M.
What is the current EV/Revenue multiple of Hancom WITH?Current revenue multiple of Hancom WITH is 0.2x.
Is Hancom WITH profitable?No, Hancom WITH is not profitable.
How many companies Hancom WITH has acquired to date?Hancom WITH hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Hancom WITH has invested to date?Hancom WITH hasn't invested in any companies yet (or none have been disclosed publicly).

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