Hanwha Ocean Co., Ltd.

KOSE:A042660 Stock Report

Market Cap: ₩24.9t

Hanwha Ocean Future Growth

Future criteria checks 2/6

Hanwha Ocean is forecast to grow earnings and revenue by 14.1% and 9.8% per annum respectively. EPS is expected to grow by 13.7% per annum. Return on equity is forecast to be 21.7% in 3 years.

Key information

14.1%

Earnings growth rate

13.73%

EPS growth rate

Machinery earnings growth27.6%
Revenue growth rate9.8%
Future return on equity21.75%
Analyst coverage

Good

Last updated08 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 07

A042660: Canadian Energy Partnerships Will Support Higher P/E And Future Upside

Analysts have adjusted their fair value estimate for Hanwha Ocean from ₩119,741.67 to ₩116,393.30, reflecting updated views on its growth outlook, profitability, discount rate, and future P/E assumptions. What’s in the News for Hanwha Ocean Hanwha Ocean signed a non binding Memorandum of Understanding with Kanata Clean Power & Climate Technologies Corp.
Narrative Update • Jun 15

A042660: Canadian Defence And Resource Partnerships Will Support Earnings Through 2028

Analysts have maintained their ₩164,750 price target for Hanwha Ocean, citing slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E as the key drivers behind the unchanged view. What's in the News DHT Holdings agreed with Hanwha Ocean on the construction of a new Very Large Crude Carrier, scheduled for delivery in August 2028.
Narrative Update • Jun 01

A042660: Canada Defense Partnerships And Buybacks Will Drive Long-Term Upside

Analysts kept their ₩180,000 price target for Hanwha Ocean steady as they updated key assumptions, including a higher discount rate, a slightly lower revenue growth outlook, stronger profit margin expectations, and a lower future P/E. Together, these changes reflect a refreshed view of the company’s risk, earnings power, and valuation multiples without changing the headline target.
Analysis Article • May 24

Hanwha Ocean's (KRX:042660) Earnings Are Weaker Than They Seem

Hanwha Ocean Co., Ltd.'s ( KRX:042660 ) robust earnings report didn't manage to move the market for its stock. Our...
Narrative Update • May 14

A042660: Defence Partnerships And Share Buyback Will Support Earnings Through 2028

Analysts have increased the price target for Hanwha Ocean to about ₩164,750 from around ₩159,238, reflecting updated assumptions for revenue growth, profit margins, a slightly lower future P/E multiple, and a modestly higher discount rate. What's in the News Hanwha Ocean and AtkinsRéalis signed a Memorandum of Understanding to work together on projects tied to Canada’s submarine capabilities and defence industrial base, covering infrastructure design across the full submarine lifecycle and potential manufacturing capacity in Canada (Strategic Alliances).
Narrative Update • Apr 29

A042660: Elevated P/E And Submarine Reliance Will Continue To Pressure Shares

Analysts have slightly reduced their fair value estimate for Hanwha Ocean to ₩119,741.67 from ₩119,933.77, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Hanwha Ocean and AtkinsRéalis signed a Memorandum of Understanding to work together on projects tied to Canada’s submarine capabilities and defence industrial base, aligned with Canada’s Defence Industrial Strategy (Key Developments).
Narrative Update • Apr 15

A042660: Defense Contracts And Ongoing Buybacks Will Support Future Upside Potential

Analysts kept the Hanwha Ocean fair value estimate steady at ₩180,000, pointing to relatively unchanged long term assumptions for growth, profitability, and P/E multiples despite a slightly higher discount rate. What's in the News Board of Directors authorized a share buyback plan on March 4, 2026, setting the framework for repurchases under a new program aimed at employee stock compensation.
Narrative Update • Mar 31

A042660: Future Naval Deals And Buybacks Will Drive Upside Potential

Analysts are keeping their ₩180,000 price target for Hanwha Ocean unchanged, citing slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E that broadly offset one another in their valuation work. What's in the News The Board of Directors authorized a share buyback plan on March 4, 2026, signaling planned repurchases of Hanwha Ocean stock under a formal program (Key Developments).
Narrative Update • Mar 17

A042660: Elevated P/E And Submarine Project Dependence Will Pressure Shares

Analysts now place Hanwha Ocean's fair value estimate at approximately ₩119,934, up from about ₩113,591. This reflects updated assumptions for a slightly higher future P/E multiple and modest adjustments to the discount rate, revenue growth, and profit margin expectations.
Narrative Update • Mar 03

A042660: Higher Multiple And Submarine Hopes Will Leave Shares Vulnerable

Analysts have lifted their price target on Hanwha Ocean from about ₩81,000 to roughly ₩113,600, citing updated assumptions that reflect slightly different discount rates, revenue growth, profit margin expectations, and a higher future P/E multiple. What's in the News Algoma Steel Inc.
Narrative Update • Feb 17

A042660: Submarine Program Partnership Will Support Earnings Through 2028

Analysts have adjusted their price target for Hanwha Ocean from ₩141,450 to ₩159,238 as they factor in updated assumptions for revenue growth, profit margins, discount rate and future P/E, reflecting a recalibration of their overall outlook on the stock. What's in the News Hanwha Ocean entered into a binding memorandum of understanding with Algoma Steel Inc.
Narrative Update • Feb 03

A042660: Future Naval Contracts Will Drive Upside For This Shipbuilder

Analysts have raised their fair value estimate for Hanwha Ocean from ₩143,000 to ₩180,000, citing updated assumptions related to revenue growth, profit margins and a higher future P/E multiple. What's in the News Algoma Steel Inc.
Narrative Update • Jan 20

A042660: Risky Tanker Order Pipeline Will Pressure Margins Despite Higher Revenue Expectations

Analysts have slightly reduced their price target for Hanwha Ocean to ₩81,030 from about ₩81,900, citing updated assumptions that combine a higher outlook for revenue with a lower profit margin and a modestly higher future P/E multiple. What's in the News DHT Holdings Inc.
Analysis Article • Jan 12

Hanwha Ocean Co., Ltd.'s (KRX:042660) 28% Price Boost Is Out Of Tune With Earnings

Despite an already strong run, Hanwha Ocean Co., Ltd. ( KRX:042660 ) shares have been powering on, with a gain of 28...
Narrative Update • Jan 05

A042660: Future Earnings Quality Will Depend On Risky Tanker Order Pipeline

Analysts have raised their fair value estimate for Hanwha Ocean from ₩67,799.69 to ₩81,896.75, citing updated assumptions for revenue, profit margins, and a lower future P/E multiple despite a slightly higher discount rate. What's in the News DHT Holdings took delivery of a VLCC newbuilding from Hanwha Ocean, named DHT Antelope, which is entering the spot market as the first of four VLCCs scheduled for delivery in the first half of 2026.
Narrative Update • Dec 21

A042660 Orders For Large Crude Carriers Will Support Earnings Through 2028

Analysts have nudged their price target for Hanwha Ocean slightly higher to KRW 141,450, reflecting marginally lower discount rate assumptions and steady expectations for long term revenue growth, profit margins, and valuation multiples. What's in the News Scorpio Tankers signed letters of intent to build two Very Large Crude Carriers at Hanwha Ocean in South Korea, with each vessel priced at $128 million and deliveries scheduled for the third and fourth quarters of 2028 (company announcement).
Analysis Article • Dec 20

What Does Hanwha Ocean Co., Ltd.'s (KRX:042660) Share Price Indicate?

Let's talk about the popular Hanwha Ocean Co., Ltd. ( KRX:042660 ). The company's shares received a lot of attention...
Analysis Article • Dec 06

Is Hanwha Ocean (KRX:042660) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update • Dec 06

A042660 Orders For Large Crude Carriers Will Support Earnings Through 2028

Narrative Update on Hanwha Ocean Analysts have nudged their fair value estimate for Hanwha Ocean higher, from ₩139,950 to approximately ₩141,450, citing slightly stronger long term revenue growth expectations that more than offset a modestly higher discount rate and a marginally lower projected profit margin. What's in the News Scorpio Tankers Inc.
Analysis Article • Nov 22

Hanwha Ocean's (KRX:042660) Solid Profits Have Weak Fundamentals

Hanwha Ocean Co., Ltd. ( KRX:042660 ) just reported some strong earnings, and the market reacted accordingly with a...
Narrative Update • Nov 22

A042660: New Large Vessel Orders Will Sustain Margins And Earnings Through 2028

Narrative Update on Hanwha Ocean Analysts have maintained their fair value price target for Hanwha Ocean at ₩139,950. They cite minor adjustments in financial assumptions that offset each other, resulting in an unchanged overall outlook.
Narrative Update • Nov 07

A042660: Revenue Expansion And Margins Will Support Fair Valuation Outlook

Analysts have raised their price target for Hanwha Ocean from ₩122,526 to ₩139,950, reflecting improved expectations for revenue growth and profit margins. Valuation Changes The Fair Value Estimate has increased from ₩122,526 to ₩139,950, reflecting a substantial upward revision.
Analysis Article • Oct 28

Hanwha Ocean Co., Ltd. (KRX:042660) Looks Just Right With A 31% Price Jump

Hanwha Ocean Co., Ltd. ( KRX:042660 ) shares have continued their recent momentum with a 31% gain in the last month...
Narrative Update • Oct 24

New US LNG Exports And Eco-Friendly Vessels Will Unlock Opportunities

Analysts have raised their price target for Hanwha Ocean from 115,185 KRW to 122,526 KRW. This reflects stronger valuation forecasts amid recent metric updates.
Narrative Update • Oct 10

New US LNG Exports And Eco-Friendly Vessels Will Unlock Opportunities

Analysts have raised their fair value estimate for Hanwha Ocean from ₩112,885 to ₩115,185. This change is based on expectations for slightly improved revenue growth and profit margins in the updated financial outlook.
Analysis Article • Sep 24

Hanwha Ocean (KRX:042660) Is Experiencing Growth In Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Analysis Article • Aug 25

Does Hanwha Ocean (KRX:042660) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update • Aug 07

New US LNG Exports And Eco-Friendly Vessels Will Unlock Opportunities

With no significant changes in Hanwha Ocean’s key valuation metrics—including an unchanged consensus price target at ₩106,535 and only marginal adjustments to the discount rate and future P/E—analyst fair value estimates remain stable. Valuation Changes Summary of Valuation Changes for Hanwha Ocean The Consensus Analyst Price Target remained effectively unchanged, at ₩106535.
Analysis Article • Jul 26

Hanwha Ocean Co., Ltd. (KRX:042660) Not Flying Under The Radar

With a price-to-earnings (or "P/E") ratio of 41.2x Hanwha Ocean Co., Ltd. ( KRX:042660 ) may be sending very bearish...
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New Narrative • Nov 25

Elevating Profits With Critical Expansion Into Defense And LNG Markets

High-priced LNG carriers in the revenue mix are projected to boost profitability and improve financial health by reducing net debt.

Earnings and Revenue Growth Forecasts

KOSE:A042660 - Analysts future estimates and past financials data (KRW Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202816,785,7982,145,1921,858,0822,256,99318
12/31/202715,517,1551,846,1871,589,2552,002,90020
12/31/202613,884,1681,491,344807,8831,820,84620
3/31/202612,850,3631,512,133605,4471,314,255N/A
12/31/202512,783,5121,227,821617,8731,314,672N/A
9/30/202512,713,7391,189,639-268,058253,023N/A
6/30/202512,393,490845,401-741,851-389,748N/A
3/31/202511,635,467669,450-1,855,768-1,517,716N/A
12/31/202410,776,005504,791-3,283,273-2,904,574N/A
9/30/20249,753,766211,287-3,413,426-3,104,979N/A
6/30/20248,967,494517,692-3,145,284-2,848,099N/A
3/31/20248,252,104307,818-2,586,121-2,327,253N/A
12/31/20237,408,312136,045-2,072,629-1,939,155N/A
9/30/20236,626,567-580,592-1,493,535-1,366,558N/A
6/30/20235,691,181-1,459,038-925,247-818,564N/A
3/31/20235,054,535-1,397,941-1,233,283-1,115,954N/A
12/31/20224,860,150-1,769,269-1,187,338-1,065,433N/A
9/30/20224,766,674-1,737,338-1,258,889-1,154,554N/A
6/30/20224,744,912-1,145,132-1,050,445-950,350N/A
3/31/20224,630,275-1,981,270-420,018-324,724N/A
12/31/20214,486,586-1,724,076385,512485,787N/A
9/30/20214,795,692-1,503,833147,004279,190N/A
6/30/20215,277,425-1,478,54394,107253,090N/A
3/31/20216,173,830-414,780117,037299,959N/A
12/31/20207,030,17562,566-648,328-458,467N/A
9/30/20207,554,018150,259-59,335120,766N/A
6/30/20208,060,110-116,832703,527886,582N/A
3/31/20208,244,726-22,866570,917738,425N/A
12/31/20198,358,745-70,253N/A2,542,127N/A
9/30/20199,035,275232,081N/A2,425,297N/A
6/30/20199,285,063204,698N/A1,609,926N/A
3/31/20199,460,371294,127N/A1,417,716N/A
12/31/20189,644,384321,127N/A725,141N/A
9/30/20189,272,281-794,047N/A68,492N/A
6/30/20189,495,615-394,549N/A-396,609N/A
3/31/201810,627,492609,227N/A-829,381N/A
12/31/201711,101,818621,492N/A-1,019,899N/A
9/30/201711,293,96120,791N/A-602,164N/A
6/30/201711,892,930-322,401N/A-330,148N/A
3/31/201711,885,154-2,669,486N/A439,479N/A
12/31/201612,819,221-2,734,139N/A-531,007N/A
9/30/201614,456,356-1,165,365N/A-898,838N/A
6/30/201614,688,349-1,998,721N/A-1,195,456N/A
3/31/201615,199,024-1,320,620N/A-778,732N/A
12/31/201515,443,611-2,061,997N/A-843,000N/A
9/30/201514,340,409-3,033,725N/A-223,453N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A042660's forecast earnings growth (14.1% per year) is above the savings rate (3.1%).

Earnings vs Market: A042660's earnings (14.1% per year) are forecast to grow slower than the KR market (33.6% per year).

High Growth Earnings: A042660's earnings are forecast to grow, but not significantly.

Revenue vs Market: A042660's revenue (9.8% per year) is forecast to grow slower than the KR market (17.8% per year).

High Growth Revenue: A042660's revenue (9.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A042660's Return on Equity is forecast to be high in 3 years time (21.7%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/11 18:26
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hanwha Ocean Co., Ltd. is covered by 36 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Euisup LeeBofA Global Research
Hyun ParkCGS International
Sanjeev RanaCLSA