Company Valuation: Samsung Heavy Industries Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,867,533 4,378,305 6,619,666 9,651,900 20,585,025 24,813,070 - -
Change - -10.05% 51.19% 45.81% 113.27% 20.54% - -
Enterprise Value (EV) 1 6,543 6,453 8,140 11,126 21,166 25,532 23,430 24,531
Change - -1.37% 26.14% 36.68% 90.24% 20.63% -8.24% 4.7%
P/E ratio -2.61x -7.05x -44.5x 151x 37.7x 20.2x 15.7x 14.4x
PBR 1.18x 1.21x 1.92x 2.54x 4.96x 4.39x 3.4x 2.74x
PEG - 0.1x 0.6x -1x 0x 0x 0.6x 1.53x
Capitalization / Revenue 0.74x 0.74x 0.83x 0.97x 1.93x 1.93x 1.73x 1.64x
EV / Revenue 0.99x 1.09x 1.02x 1.12x 1.99x 1.99x 1.64x 1.62x
EV / EBITDA -5.88x -9.85x 17.2x 14.1x 18.5x 13.9x 10.4x 10.2x
EV / EBIT -4.99x -7.55x 34.9x 22.1x 24.5x 16.4x 11.9x 11.3x
EV / FCF 8.12x -3.68x -12.2x 23.1x 15.7x 20x 14.2x 14.6x
FCF Yield 12.3% -27.2% -8.23% 4.32% 6.36% 5.01% 7.06% 6.87%
Dividend per Share 3 - - - - - 114.3 185.7 -
Rate of return - - - - - 0.39% 0.64% -
EPS 3 -2,174 -725 -174 75 639 1,442 1,848 2,022
Distribution rate - - - - - 7.93% 10% -
Net sales 1 6,622 5,945 8,009 9,903 10,650 12,851 14,314 15,165
EBITDA 1 -1,113 -655.2 474 791.9 1,146 1,838 2,260 2,404
EBIT 1 -1,312 -854.4 233.3 502.7 862.2 1,558 1,962 2,180
Net income 1 -1,452 -627.4 -155.6 53.9 535.8 1,254 1,625 1,817
Net Debt 1 1,676 2,075 1,521 1,474 581.4 719.4 -1,384 -282
Reference price 3 5,670.00 5,110.00 7,750.00 11,300.00 24,100.00 29,050.00 29,050.00 29,050.00
Nbr of stocks (in thousands) 854,150 854,150 854,150 854,150 854,150 854,150 - -
Announcement Date 1/27/22 1/30/23 2/7/24 2/5/25 1/30/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.15x1.99x13.89x0.39% 16.99B
24.85x0.97x11.88x0.92% 36.46B
28.48x3.09x21.83x-.--% 27.27B
8.74x0.65x3.7x4% 20.31B
8.94x1.91x5.61x5.5% 12.68B
44.19x1.69x16.34x0.92% 6.72B
15.38x0.81x8.29x1.77% 6.45B
42.02x0.75x10.41x-.--% 5.79B
11.81x - - 0.62% 4.69B
Average 22.73x 1.48x 11.49x 1.57% 15.26B
Weighted average by Cap. 21.92x 1.60x 12.32x 1.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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