SAMSUNG HEAVY INDUSTRIES CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,390 KRW | -0.42% |
|
-4.67% | +21.16% |
| 29/04 | Nomura Adjusts Samsung Heavy Industries’ Price Target to KRW9,400 From KRW8,700, Keeps at Neutral | MT |
| 12/04 | Indices up; Italy, industrial sales down | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 43,98,539 | 42,92,216 | 48,67,533 | 43,78,305 | 66,19,666 | 80,20,472 | - | - |
| Enterprise Value (EV) 2 | 7,336 | 7,560 | 6,543 | 6,453 | 6,620 | 9,971 | 9,611 | 8,751 |
| P/E ratio | -3.35 x | -2.87 x | -2.61 x | -7.05 x | -44.5 x | 33.4 x | 14.7 x | 11.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.6 x | 0.63 x | 0.74 x | 0.74 x | 0.83 x | 0.82 x | 0.74 x | 0.66 x |
| EV / Revenue | 1 x | 1.1 x | 0.99 x | 1.09 x | 0.83 x | 1.02 x | 0.88 x | 0.72 x |
| EV / EBITDA | -20.1 x | -9.8 x | -5.88 x | -9.85 x | 14 x | 15.2 x | 9.81 x | 7.12 x |
| EV / FCF | -9.67 x | -22.1 x | 8.12 x | -3.68 x | - | 13.7 x | 13.1 x | 9.19 x |
| FCF Yield | -10.3% | -4.52% | 12.3% | -27.2% | - | 7.31% | 7.61% | 10.9% |
| Price to Book | 0.84 x | 1.14 x | 1.18 x | 1.21 x | - | 2.09 x | 1.81 x | 1.62 x |
| Nbr of stocks (in thousands) | 6,04,150 | 6,04,168 | 8,54,150 | 8,54,150 | 8,54,150 | 8,54,150 | - | - |
| Reference price 3 | 7,270 | 7,040 | 5,670 | 5,110 | 7,750 | 9,390 | 9,390 | 9,390 |
| Announcement Date | 03/02/20 | 02/02/21 | 27/01/22 | 30/01/23 | 07/02/24 | - | - | - |
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 | 7,350 | 6,860 | 6,622 | 5,945 | 8,009 | 9,739 | 10,879 | 12,154 |
| EBITDA 1 | -364.2 | -771.7 | -1,113 | -655.2 | 474 | 656.6 | 979.7 | 1,229 |
| EBIT 1 | -616.6 | -766.4 | -1,312 | -854.4 | 233.3 | 432.1 | 738 | 1,020 |
| Operating Margin | -8.39% | -11.17% | -19.81% | -14.37% | 2.91% | 4.44% | 6.78% | 8.39% |
| Earnings before Tax (EBT) 1 | -1,139 | -1,187 | -1,350 | -554.7 | -295.7 | 308.9 | 721.6 | 926.4 |
| Net income 1 | -1,311 | -1,203 | -1,452 | -627.4 | -155.6 | 248.1 | 559.5 | 751.6 |
| Net margin | -17.84% | -17.53% | -21.93% | -10.55% | -1.94% | 2.55% | 5.14% | 6.18% |
| EPS 2 | -2,170 | -2,453 | -2,174 | -725.0 | -174.0 | 280.9 | 639.8 | 831.1 |
| Free Cash Flow 3 | -7,58,419 | -3,41,752 | 8,05,623 | -17,55,431 | - | 7,28,740 | 7,31,843 | 9,52,000 |
| FCF margin | -10,319.11% | -4,981.59% | 12,165.86% | -29,529.34% | - | 7,482.5% | 6,726.99% | 7,833% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 1,10,991.81% | 74,699.84% | 77,449.84% |
| FCF Conversion (Net income) | - | - | - | - | - | 2,93,734.29% | 1,30,813.48% | 1,26,658.91% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 03/02/20 | 02/02/21 | 27/01/22 | 30/01/23 | 07/02/24 | - | - | - |
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 | 1,485 | 1,847 | 1,484 | 1,426 | 1,400 | 1,635 | 1,605 | 1,946 | 2,025 | 2,433 | 2,316 | 2,447 | 2,388 | 2,559 | 2,591 |
| EBITDA | - | - | - | - | - | -277.4 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -110.2 | -257.1 | -94.9 | -255.8 | -167.9 | -335.9 | 19.6 | 58.9 | 75.8 | 79 | 88.42 | 104.6 | 106.4 | 146.9 | 162.1 |
| Operating Margin | -7.42% | -13.92% | -6.4% | -17.94% | -11.99% | -20.55% | 1.22% | 3.03% | 3.74% | 3.25% | 3.82% | 4.28% | 4.46% | 5.74% | 6.26% |
| Earnings before Tax (EBT) 1 | -130.7 | -244 | -102.3 | 32.1 | -235.1 | -249.4 | 5.9 | 25.1 | 31.03 | -357.8 | 34.9 | 63 | 64.5 | 134 | 175.2 |
| Net income | -122 | -343 | -103 | -37.1 | -199 | -280.4 | 11.4 | 25.6 | 38.1 | -223.4 | - | 55 | 52.5 | 111 | 129.6 |
| Net margin | -8.21% | -18.58% | -6.94% | -2.6% | -14.21% | -17.15% | 0.71% | 1.32% | 1.88% | -9.18% | - | 2.25% | 2.2% | 4.34% | 5% |
| EPS 2 | -202.0 | -350.0 | -121.0 | -43.00 | -233.0 | -328.0 | 13.00 | 30.00 | 45.00 | -262.0 | 41.36 | 72.03 | 83.05 | 96.71 | 127.0 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 05/11/21 | 27/01/22 | 29/04/22 | 29/07/22 | 28/10/22 | 30/01/23 | 27/04/23 | 27/07/23 | 27/10/23 | 07/02/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,938 | 3,268 | 1,676 | 2,075 | - | 1,951 | 1,591 | 730 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -8.067 x | -4.235 x | -1.506 x | -3.167 x | - | 2.971 x | 1.623 x | 0.5941 x |
| Free Cash Flow 2 | -7,58,419 | -3,41,752 | 8,05,623 | -17,55,431 | - | 7,28,740 | 7,31,843 | 9,52,000 |
| ROE (net income / shareholders' equity) | -18.4% | -26% | -37.2% | -16.4% | -4.46% | 6.77% | 12.9% | 15.6% |
| ROA (Net income/ Total Assets) | -7.97% | -9.07% | -11.5% | -4.65% | - | 1.68% | 3.42% | 4.16% |
| Assets 1 | 16,445 | 13,262 | 12,591 | 13,486 | - | 14,726 | 16,336 | 18,062 |
| Book Value Per Share 3 | 8,684 | 6,164 | 4,813 | 4,209 | - | 4,490 | 5,188 | 5,810 |
| Cash Flow per Share 3 | -1,752 | -1,986 | -1,874 | -492.0 | - | 671.0 | 925.0 | 859.0 |
| Capex 1 | 77.2 | 97.8 | 39.4 | 62.4 | - | 117 | 125 | 161 |
| Capex / Sales | 1.05% | 1.43% | 0.6% | 1.05% | - | 1.2% | 1.15% | 1.32% |
| Announcement Date | 03/02/20 | 02/02/21 | 27/01/22 | 30/01/23 | 07/02/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
9,390
KRW
Average target price
11,482
KRW
Spread / Average Target
+22.28%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.16% | 5.92B | |
| +23.98% | 22.56B | |
| +15.74% | 15.06B | |
| +6.12% | 6.7B | |
| +14.77% | 5.01B | |
| -22.03% | 4.65B | |
| +95.27% | 4.17B | |
| +6.72% | 3.72B | |
| -15.31% | 2.12B | |
| +19.89% | 1.22B |
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- Financials Samsung Heavy Industries Co., Ltd.
