Announcement • Jul 13
Samsung Heavy Industries Co., Ltd. to Report Q2, 2026 Results on Jul 24, 2026 Samsung Heavy Industries Co., Ltd. announced that they will report Q2, 2026 results on Jul 24, 2026 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩24,600, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Machinery industry in South Korea. Total returns to shareholders of 275% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩23,162 per share. Buy Or Sell Opportunity • Jun 15
Now 23% overvalued Over the last 90 days, the stock has fallen 1.7% to ₩28,650. The fair value is estimated to be ₩23,382, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 183% in the next 2 years. Buy Or Sell Opportunity • May 12
Now 21% undervalued Over the last 90 days, the stock has risen 12% to ₩31,450. The fair value is estimated to be ₩39,632, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 35% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩34,050, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Machinery industry in South Korea. Total returns to shareholders of 497% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩53,521 per share. Reported Earnings • Mar 17
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₩639 (up from ₩75.00 in FY 2024). Revenue: ₩11t (up 7.5% from FY 2024). Net income: ₩545.5b (up ₩481.7b from FY 2024). Profit margin: 5.1% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.1% to ₩27,000. The fair value is estimated to be ₩22,249, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 45% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩23,500, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 357% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩22,279 per share. Announcement • Feb 14
Samsung Heavy Industries Co., Ltd., Annual General Meeting, Mar 20, 2026 Samsung Heavy Industries Co., Ltd., Annual General Meeting, Mar 20, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 23, pangyo-ro 227beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Price Target Changed • Feb 02
Price target increased by 7.7% to ₩33,545 Up from ₩31,152, the current price target is an average from 22 analysts. New target price is 22% above last closing price of ₩27,550. Stock is up 113% over the past year. The company is forecast to post earnings per share of ₩759 for next year compared to ₩74.77 last year. Announcement • Jan 16
Samsung Heavy Industries Co., Ltd. to Report Q4, 2025 Results on Jan 30, 2026 Samsung Heavy Industries Co., Ltd. announced that they will report Q4, 2025 results at 3:00 PM, Korea Standard Time on Jan 30, 2026 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩28,450, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 454% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩17,464 per share. Price Target Changed • Oct 25
Price target increased by 16% to ₩28,326 Up from ₩24,459, the current price target is an average from 23 analysts. New target price is 14% above last closing price of ₩24,800. Stock is up 151% over the past year. The company is forecast to post earnings per share of ₩753 for next year compared to ₩74.77 last year. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩21,900, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 267% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩30,350 per share. Reported Earnings • Aug 20
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: ₩250 (up from ₩90.00 in 2Q 2024). Revenue: ₩2.68t (up 6.0% from 2Q 2024). Net income: ₩214.1b (up 180% from 2Q 2024). Profit margin: 8.0% (up from 3.0% in 2Q 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 55%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 29
Price target increased by 7.4% to ₩21,523 Up from ₩20,032, the current price target is an average from 22 analysts. New target price is 15% above last closing price of ₩18,740. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₩703 for next year compared to ₩74.77 last year. Major Estimate Revision • Jul 25
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩10.7b to ₩10.8b. EPS estimate increased from ₩607 to ₩687 per share. Net income forecast to grow 353% next year vs 48% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩20,032 to ₩20,641. Share price was steady at ₩18,870 over the past week. Major Estimate Revision • Apr 25
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₩584 to ₩649. Revenue forecast steady at ₩10.8b. Net income forecast to grow 777% next year vs 33% growth forecast for Machinery industry in South Korea. Consensus price target of ₩17,450 unchanged from last update. Share price was steady at ₩14,720 over the past week. Buy Or Sell Opportunity • Apr 20
Now 20% undervalued Over the last 90 days, the stock has risen 7.6% to ₩14,520. The fair value is estimated to be ₩18,262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 53% per annum over the same time period. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued Over the last 90 days, the stock has risen 20% to ₩13,720. The fair value is estimated to be ₩17,342, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 53% per annum over the same time period. New Risk • Mar 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Mar 15
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₩75.00 (up from ₩174 loss in FY 2023). Revenue: ₩9.90t (up 24% from FY 2023). Net income: ₩63.9b (up ₩212.1b from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 75%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Samsung Heavy Industries Co., Ltd., Annual General Meeting, Mar 20, 2025 Samsung Heavy Industries Co., Ltd., Annual General Meeting, Mar 20, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 23, pangyo-ro 227beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Price Target Changed • Feb 07
Price target increased by 7.2% to ₩16,132 Up from ₩15,047, the current price target is an average from 19 analysts. New target price is 27% above last closing price of ₩12,710. Stock is up 73% over the past year. The company is forecast to post earnings per share of ₩298 next year compared to a net loss per share of ₩174 last year. Reported Earnings • Nov 20
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: ₩87.00 (up from ₩45.00 in 3Q 2023). Revenue: ₩2.32t (up 15% from 3Q 2023). Net income: ₩74.0b (up 94% from 3Q 2023). Profit margin: 3.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Sep 18
Steelhead LNG Initiates Patent Infringement Litigation Against Cedar LNG and Samsung Heavy Industries in Korea Steelhead LNG announced the commencement of patent infringement proceedings against [Cedar LNG] and Samsung Heavy Industries Co., Ltd. ("Samsung Heavy") in the Republic of Korea. This litigation marks a significant step in Steelhead LNG's ongoing efforts to protect its proprietary technology and intellectual property rights. Steelhead LNG has filed a lawsuit with the Seoul Central District Court, alleging that Cedar LNG's and Samsung Heavy's activities infringe on Steelhead LNG's Korean patent. Cedar LNG is a proposed floating LNG export facility in Kitimat, British Columbia, Canada. Samsung Heavy was selected by Cedar LNG, along with Black & Veatch, to construct the Cedar LNG floating LNG facility, with construction announced to have commenced earlier this year. The lawsuit seeks to halt the construction of Cedar LNG's facility, secure damages for the unauthorized use of Steelhead LNG's patent, and obtain an injunction to prevent further infringement. The patent in question pertains to pivotal aspects of Steelhead LNG's unique solution; a leading-edge, cost-effective way of liquefying natural gas for export to demand markets. Through the incorporation of electric drive compressors, air cooling modules, and integrated storage, among other innovative features, Steelhead LNG's patented solution can achieve virtually unparalleled carbon emission reductions and avoid harmful environmental impacts associated with cooling water systems in such facilities. Steelhead LNG holds patents regarding its LNG export facility solution in Canada, the United States, Korea, Australia, and Mexico. Its decision to pursue legal action reflects its dedication to protecting its technological advancements and ensuring that fair competitive practices in the industry are maintained. New Risk • Aug 20
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₩755b This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Price Target Changed • Jul 27
Price target increased by 7.2% to ₩12,906 Up from ₩12,041, the current price target is an average from 18 analysts. New target price is 8.7% above last closing price of ₩11,870. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₩299 next year compared to a net loss per share of ₩174 last year. Reported Earnings • May 21
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: ₩12.00 (down from ₩13.00 in 1Q 2023). Revenue: ₩2.35t (up 46% from 1Q 2023). Net income: ₩9.95b (down 13% from 1Q 2023). Profit margin: 0.4% (down from 0.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 71%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 02
Price target increased by 7.4% to ₩11,482 Up from ₩10,688, the current price target is an average from 17 analysts. New target price is 22% above last closing price of ₩9,420. Stock is up 76% over the past year. The company is forecast to post earnings per share of ₩281 next year compared to a net loss per share of ₩174 last year. Reported Earnings • Mar 16
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: ₩174 loss per share (improved from ₩725 loss in FY 2022). Revenue: ₩8.01t (up 35% from FY 2022). Net loss: ₩148.3b (loss narrowed 76% from FY 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₩45.00 (up from ₩233 loss in 3Q 2022). Revenue: ₩2.03t (up 45% from 3Q 2022). Net income: ₩38.1b (up ₩237.1b from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: ₩30.00 (vs ₩43.00 loss in 2Q 2022) Second quarter 2023 results: EPS: ₩30.00 (up from ₩43.00 loss in 2Q 2022). Revenue: ₩1.95t (up 36% from 2Q 2022). Net income: ₩25.6b (up ₩62.6b from 2Q 2022). Profit margin: 1.3% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 25
Price target increased by 8.9% to ₩9,169 Up from ₩8,423, the current price target is an average from 13 analysts. New target price is 7.9% above last closing price of ₩8,500. Stock is up 57% over the past year. The company is forecast to post earnings per share of ₩93.48 next year compared to a net loss per share of ₩725 last year. Price Target Changed • Jul 14
Price target increased by 8.9% to ₩8,146 Up from ₩7,479, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of ₩8,300. Stock is up 58% over the past year. The company is forecast to post earnings per share of ₩87.81 next year compared to a net loss per share of ₩725 last year. Reported Earnings • May 20
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: ₩13.00 (up from ₩121 loss in 1Q 2022). Revenue: ₩1.61t (up 8.2% from 1Q 2022). Net income: ₩11.4b (up ₩114.5b from 1Q 2022). Profit margin: 0.7% (up from net loss in 1Q 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ₩725 loss per share (improved from ₩2,174 loss in FY 2021). Revenue: ₩5.94t (down 10% from FY 2021). Net loss: ₩619.4b (loss narrowed 57% from FY 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jan 31
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -₩434 to -₩496 per share. Revenue forecast unchanged at ₩6.17b. Machinery industry in South Korea expected to see average net income growth of 32% next year. Consensus price target broadly unchanged at ₩6,594. Share price rose 13% to ₩5,790 over the past week. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). External Director Jae-Han Ryu was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 86% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩6.66b to ₩6.12b. Losses expected to increase from ₩276 per share to ₩515. Machinery industry in South Korea expected to see average net income growth of 47% next year. Consensus price target broadly unchanged at ₩6,575. Share price rose 2.2% to ₩5,150 over the past week. Breakeven Date Change • Jun 19
Forecast breakeven date pushed back to 2024 The 12 analysts covering Samsung Heavy Industries previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 100% per year to 2023. The company is expected to make a profit of ₩202.0b in 2024. Average annual earnings growth of 85% is required to achieve expected profit on schedule. Reported Earnings • May 22
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: ₩121 loss per share (up from ₩884 loss in 1Q 2021). Revenue: ₩1.48t (down 5.8% from 1Q 2021). Net loss: ₩103.0b (loss narrowed 81% from 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 11%, compared to a 23% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year. Major Estimate Revision • May 08
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -₩348 to -₩508 per share. Revenue forecast unchanged at ₩7.01b. Machinery industry in South Korea expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at ₩5,650. Share price fell 3.6% to ₩5,840 over the past week. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). External Director Jae-Han Ryu was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 13
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: ₩2,174 loss per share (up from ₩2,354 loss in FY 2020). Revenue: ₩6.62t (down 3.5% from FY 2020). Net loss: ₩1.45t (loss narrowed 2.5% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 4.9%, compared to a 20% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Mar 02
Forecast breakeven date pushed back to 2024 The 15 analysts covering Samsung Heavy Industries previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of ₩138.0b in 2024. Average annual earnings growth of 87% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 01
Forecast breakeven date pushed back to 2024 The 16 analysts covering Samsung Heavy Industries previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of ₩138.0b in 2024. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Reported Earnings • Nov 21
Third quarter 2021 earnings released: ₩202 loss per share (vs ₩9.00 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₩1.49t (down 11% from 3Q 2020). Net loss: ₩122.0b (loss widened ₩116.4b from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 losses forecast to reduce from -₩1,236 to -₩852 per share. Revenue forecast unchanged from ₩6.98b at last update. Machinery industry in South Korea expected to see average net income growth of 36% next year. Consensus price target of ₩5,795 unchanged from last update. Share price fell 9.0% to ₩5,770 over the past week. Breakeven Date Change • Aug 10
Forecast to breakeven in 2023 The 20 analysts covering Samsung Heavy Industries expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 99% per year to 2022. The company is expected to make a profit of ₩5.55b in 2023. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Breakeven Date Change • Aug 05
Forecast to breakeven in 2023 The 20 analysts covering Samsung Heavy Industries expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 99% per year to 2022. The company is expected to make a profit of ₩5.55b in 2023. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Major Estimate Revision • Aug 03
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 expected loss increased from -₩1,074 to -₩1,208 per share. Revenue forecast unchanged at ₩6.87b. Machinery industry in South Korea expected to see average net income growth of 38% next year. Consensus price target down from ₩5,772 to ₩5,632. Share price was steady at ₩6,540 over the past week. Breakeven Date Change • May 25
No longer forecast to breakeven The 20 analysts covering Samsung Heavy Industries no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₩10.6m in 2023. New consensus forecast suggests the company will make a loss of ₩3.93m in 2023. Reported Earnings • May 23
First quarter 2021 earnings released: ₩884 loss per share (vs ₩372 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ₩1.57t (down 14% from 1Q 2020). Net loss: ₩534.2b (loss widened 138% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 14
Full year 2020 earnings released: ₩2,454 loss per share (vs ₩2,170 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩6.86t (down 6.7% from FY 2019). Net loss: ₩1.48t (loss widened 13% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 04
Analysts lower EPS estimates to -₩325 The 2021 consensus revenue estimate was lowered from ₩7.32b to ₩7.00b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -₩200 to -₩325 for the same period. The Machinery industry in South Korea is expected to see an average net income growth of 46% next year. The consensus price target increased from ₩5,435 to ₩5,500. Share price is down by 4.9% to ₩6,170 over the past week. Executive Departure • Feb 03
Executive Director has left the company On the 26th of January, Hae Jeong's tenure as Executive Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Hae's name. Hae is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Dec 21
New 90-day high: ₩7,230 The company is up 38% from its price of ₩5,230 on 22 September 2020. The South Korean market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩13,625 per share. Is New 90 Day High Low • Dec 04
New 90-day high: ₩7,110 The company is up 37% from its price of ₩5,190 on 04 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩10,971 per share. Is New 90 Day High Low • Nov 10
New 90-day high: ₩5,880 The company is up 4.0% from its price of ₩5,660 on 12 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩8,123 per share. Is New 90 Day High Low • Sep 24
New 90-day low: ₩5,050 The company is down 13% from its price of ₩5,800 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩7,879 per share. 
