HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. Financials HD Korea Shipbuilding & Offshore Engineering Co., Ltd.
Equities
A009540
KR7009540006
Shipbuilding
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 129,000 KRW | +1.34% |
|
+8.13% | +6.70% |
| Apr. 18 | Purus Picks Wärtsilä Unit to Supply Ethane Gas Carrier Vessels Systems | MT |
| Apr. 10 | HD Korea Shipbuilding Wins Order Worth 632 Billion Won | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,945,401 | 7,672,537 | 6,689,604 | 4,999,524 | 8,549,399 | 9,122,187 | - | - |
| Enterprise Value (EV) 2 | 10,593 | 10,395 | 16,341 | 6,284 | 8,549 | 9,021 | 7,911 | 9,122 |
| P/E ratio | 57.9 x | -9.2 x | -7.2 x | -23 x | - | 12.7 x | 6.84 x | 5.15 x |
| Yield | - | - | - | - | - | 1.29% | 1.74% | 2.33% |
| Capitalization / Revenue | 0.59 x | 0.51 x | 0.43 x | 0.29 x | 0.4 x | 0.38 x | 0.34 x | 0.29 x |
| EV / Revenue | 0.7 x | 0.7 x | 1.05 x | 0.36 x | 0.4 x | 0.38 x | 0.29 x | 0.29 x |
| EV / EBITDA | 15.3 x | 21.5 x | -16.6 x | 95.8 x | - | 5.41 x | 2.95 x | 2.64 x |
| EV / FCF | -5.67 x | -22.2 x | 36.1 x | -30.7 x | - | 15.8 x | 8.11 x | 11.3 x |
| FCF Yield | -17.6% | -4.51% | 2.77% | -3.26% | - | 6.33% | 12.3% | 8.87% |
| Price to Book | 0.77 x | 0.7 x | 0.68 x | 0.51 x | - | 0.86 x | 0.77 x | 0.69 x |
| Nbr of stocks (in thousands) | 70,715 | 70,715 | 70,715 | 70,715 | 70,715 | 70,715 | - | - |
| Reference price 3 | 126,500 | 108,500 | 94,600 | 70,700 | 120,900 | 129,000 | 129,000 | 129,000 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/7/22 | 2/7/23 | 1/23/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,183 | 14,904 | 15,493 | 17,302 | 21,296 | 23,844 | 27,128 | 31,049 |
| EBITDA 1 | 693.4 | 483.5 | -986.1 | 65.62 | - | 1,669 | 2,683 | 3,460 |
| EBIT 1 | 290.2 | 74.4 | -1,385 | -355.6 | 282.3 | 1,226 | 2,224 | 3,116 |
| Operating Margin | 1.91% | 0.5% | -8.94% | -2.06% | 1.33% | 5.14% | 8.2% | 10.04% |
| Earnings before Tax (EBT) 1 | 90 | -569 | -1,632 | -431.1 | -8 | 1,128 | 2,067 | 2,636 |
| Net income 1 | 164.1 | -833.8 | -1,141 | -216.9 | 144.9 | 729.8 | 1,300 | 1,643 |
| Net margin | 1.08% | -5.59% | -7.37% | -1.25% | 0.68% | 3.06% | 4.79% | 5.29% |
| EPS 2 | 2,183 | -11,791 | -13,142 | -3,068 | - | 10,162 | 18,863 | 25,034 |
| Free Cash Flow 3 | -1,868,799 | -468,424 | 452,855 | -204,645 | - | 571,317 | 975,883 | 809,000 |
| FCF margin | -12,308.82% | -3,143% | 2,922.89% | -1,182.78% | - | 2,396.06% | 3,597.29% | 2,605.59% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 34,237.36% | 36,374.34% | 23,378.12% |
| FCF Conversion (Net income) | - | - | - | - | - | 78,279.93% | 75,084.09% | 49,249.19% |
| Dividend per Share 2 | - | - | - | - | - | 1,667 | 2,243 | 3,000 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/7/22 | 2/7/23 | 1/23/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,558 | 4,457 | 3,908 | 4,189 | 4,264 | 4,941 | 4,842 | 5,454 | 5,011 | 5,989 | 5,510 | 6,064 | 5,782 | 6,413 | 6,484 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 141.7 | -696.7 | -396.4 | -265.1 | 188.8 | 117.1 | 58.5 | 71.2 | 69 | 161.1 | 138.4 | 193.9 | 247.8 | 307.7 | 351 |
| Operating Margin | 3.98% | -15.63% | -10.14% | -6.33% | 4.43% | 2.37% | 1.21% | 1.31% | 1.38% | 2.69% | 2.51% | 3.2% | 4.29% | 4.8% | 5.41% |
| Earnings before Tax (EBT) 1 | 242.2 | -1,004 | -382.9 | -151.3 | 405 | -301.9 | -52.7 | 51.4 | 124.9 | -36.8 | 142.8 | 189.5 | 230.4 | 293.3 | 344 |
| Net income 1 | 174.5 | -519.8 | -231.7 | -116.6 | 228 | -96.6 | -84.6 | 49.8 | 337 | -25.3 | 96.22 | 124.8 | 149.9 | 189.7 | 210 |
| Net margin | 4.9% | -11.66% | -5.93% | -2.78% | 5.35% | -1.95% | -1.75% | 0.91% | 6.72% | -0.42% | 1.75% | 2.06% | 2.59% | 2.96% | 3.24% |
| EPS | 2,467 | -7,350 | -3,276 | -1,649 | 3,224 | -1,366 | -1,977 | 704.0 | 4,766 | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,700 | - |
| Announcement Date | 10/28/21 | 2/7/22 | 4/28/22 | 7/29/22 | 10/27/22 | 2/7/23 | 4/27/23 | 7/27/23 | 10/26/23 | 1/23/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,648 | 2,723 | 9,652 | 1,284 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 101 | 1,212 | - |
| Leverage (Debt/EBITDA) | 2.376 x | 5.631 x | -9.788 x | 19.58 x | - | - | - | - |
| Free Cash Flow 2 | -1,868,799 | -468,424 | 452,855 | -204,645 | - | 571,317 | 975,883 | 809,000 |
| ROE (net income / shareholders' equity) | 1.64% | -7.42% | -9.19% | -2.39% | 1.17% | 6.85% | 11.5% | 12.2% |
| ROA (Net income/ Total Assets) | 0.86% | -3.32% | -3.54% | -0.76% | - | 2.12% | 4.62% | 4.6% |
| Assets 1 | 19,169 | 25,150 | 32,258 | 28,587 | - | 34,368 | 28,142 | 35,710 |
| Book Value Per Share 3 | 163,571 | 154,230 | 139,385 | 137,381 | - | 149,480 | 166,994 | 187,434 |
| Cash Flow per Share 3 | -20,705 | -1,272 | 11,820 | 6,537 | - | 10,936 | 14,285 | - |
| Capex 1 | 405 | 378 | 383 | 667 | - | 663 | 625 | 860 |
| Capex / Sales | 2.67% | 2.54% | 2.47% | 3.85% | - | 2.78% | 2.31% | 2.77% |
| Announcement Date | 2/6/20 | 2/4/21 | 2/7/22 | 2/7/23 | 1/23/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
129,000
KRW
Average target price
149,727
KRW
Spread / Average Target
+16.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.70% | 6.63B | |
| +27.17% | 23.11B | |
| +19.61% | 15.54B | |
| +29.48% | 7.23B | |
| +27.10% | 6.11B | |
| +16.78% | 5.04B | |
| -24.58% | 4.46B | |
| +99.72% | 4.27B | |
| +4.41% | 3.72B | |
| -13.43% | 2.13B |
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- Financials HD Korea Shipbuilding & Offshore Engineering Co., Ltd.
