New Risk • Jul 31
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 15% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₩1,973,000, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 1,124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩906,662 per share. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,899,000, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 28x in the Electrical industry in South Korea. Total returns to shareholders of 2,125% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,173,000, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 30x in the Electrical industry in South Korea. Total returns to shareholders of 3,373% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩3,563,000, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 34x in the Electrical industry in South Korea. Total returns to shareholders of 4,525% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₩3,975,000, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 35x in the Electrical industry in South Korea. Total returns to shareholders of 4,927% over the past three years. Price Target Changed • Apr 26
Price target increased by 7.3% to ₩3,676,875 Up from ₩3,426,875, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ₩3,552,000. Stock is up 673% over the past year. The company is forecast to post earnings per share of ₩86,152 for next year compared to ₩55,832 last year. Announcement • Apr 25
Hyosung Heavy Industries Corporation to Report Q1, 2026 Results on Apr 27, 2026 Hyosung Heavy Industries Corporation announced that they will report Q1, 2026 results at 9:10 AM, Alaskan Daylight on Apr 27, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,058,000, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 26x in the Electrical industry in South Korea. Total returns to shareholders of 3,854% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₩55,832 (up from ₩23,909 in FY 2024). Revenue: ₩5.97t (up 22% from FY 2024). Net income: ₩519.9b (up 134% from FY 2024). Profit margin: 8.7% (up from 4.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical 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 increased by 235% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 27
Hyosung Heavy Industries Corporation, Annual General Meeting, Mar 19, 2026 Hyosung Heavy Industries Corporation, Annual General Meeting, Mar 19, 2026, at 09:00 Tokyo Standard Time. Location: auditorium, 119, mapo-daero, mapo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩2,744,000, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 3,893% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩1,302,502 per share. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,209,000, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 3,271% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩1,328,764 per share. Price Target Changed • Feb 02
Price target increased by 7.8% to ₩2,894,118 Up from ₩2,685,000, the current price target is an average from 17 analysts. New target price is 27% above last closing price of ₩2,275,000. Stock is up 408% over the past year. The company is forecast to post earnings per share of ₩52,453 for next year compared to ₩23,909 last year. Price Target Changed • Jan 23
Price target increased by 7.7% to ₩2,716,250 Up from ₩2,522,500, the current price target is an average from 16 analysts. New target price is 16% above last closing price of ₩2,347,000. Stock is up 362% over the past year. The company is forecast to post earnings per share of ₩52,453 for next year compared to ₩23,909 last year. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,132,000, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 3,116% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩5,000 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 02 April 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (0.6%). Reported Earnings • Nov 19
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₩16,131 (up from ₩7,938 in 3Q 2024). Revenue: ₩1.62t (up 42% from 3Q 2024). Net income: ₩150.2b (up 103% from 3Q 2024). Profit margin: 9.2% (up from 6.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 187% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 17
Hyosung Heavy Industries Corporation (KOSE:A298040) acquired Taean Solar Farm Corp. from Hyosung Corporation (KOSE:A004800) for KRW 4.5 million. Hyosung Heavy Industries Corporation (KOSE:A298040) acquired Taean Solar Farm Corp. from Hyosung Corporation (KOSE:A004800) for KRW 4.5 million on November 12, 2025.
Hyosung Heavy Industries Corporation (KOSE:A298040) completed the acquisition of Taean Solar Farm Corp. from Hyosung Corporation (KOSE:A004800) on November 12, 2025. Declared Dividend • Nov 08
Dividend of ₩5,000 announced Dividend of ₩5,000 is the same as last year. Ex-date: 29th December 2025 Payment date: 2nd April 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 10%. Announcement • Nov 07
Hyosung Heavy Industries Corporation announces Annual dividend, payable on April 02, 2026 Hyosung Heavy Industries Corporation announced Annual dividend of KRW 5000.0000 per share payable on April 02, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩2,328,000, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 28x in the Electrical industry in South Korea. Total returns to shareholders of 3,684% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩1,077,152 per share. Price Target Changed • Nov 01
Price target increased by 9.6% to ₩1,615,625 Up from ₩1,473,750, the current price target is an average from 16 analysts. New target price is 24% below last closing price of ₩2,135,000. Stock is up 411% over the past year. The company is forecast to post earnings per share of ₩50,193 for next year compared to ₩23,909 last year. Buy Or Sell Opportunity • Oct 23
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 65% to ₩1,857,000. The fair value is estimated to be ₩1,451,735, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 84%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,649,000, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 2,979% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩1,400,122 per share. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,442,000, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 2,233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩1,416,054 per share. New Risk • Aug 20
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 7.8% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 148% to ₩1,280,000. The fair value is estimated to be ₩1,053,790, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 82%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Price Target Changed • Jul 21
Price target increased by 10% to ₩948,462 Up from ₩862,143, the current price target is an average from 13 analysts. New target price is 9.9% below last closing price of ₩1,053,000. Stock is up 224% over the past year. The company is forecast to post earnings per share of ₩38,885 for next year compared to ₩23,909 last year. Price Target Changed • Jul 08
Price target increased by 8.2% to ₩682,000 Up from ₩630,571, the current price target is an average from 14 analysts. New target price is 29% below last closing price of ₩960,000. Stock is up 177% over the past year. The company is forecast to post earnings per share of ₩38,026 for next year compared to ₩23,909 last year. Buy Or Sell Opportunity • Jul 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 147% to ₩946,000. The fair value is estimated to be ₩784,763, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 82%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Price Target Changed • Jun 30
Price target increased by 9.6% to ₩662,714 Up from ₩604,533, the current price target is an average from 14 analysts. New target price is 26% below last closing price of ₩891,000. Stock is up 179% over the past year. The company is forecast to post earnings per share of ₩37,674 for next year compared to ₩23,909 last year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩771,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electrical industry in South Korea. Total returns to shareholders of 1,388% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩775,244 per share. Price Target Changed • Jun 02
Price target increased by 8.2% to ₩585,214 Up from ₩540,692, the current price target is an average from 14 analysts. New target price is 8.1% below last closing price of ₩637,000. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₩37,460 for next year compared to ₩23,909 last year. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩520,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electrical industry in South Korea. Total returns to shareholders of 839% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩924,097 per share. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩468,750, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Electrical industry in South Korea. Total returns to shareholders of 720% over the past three years. Reported Earnings • Mar 15
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩23,909 (up from ₩12,455 in FY 2023). Revenue: ₩4.89t (up 14% from FY 2023). Net income: ₩222.6b (up 92% from FY 2023). Profit margin: 4.5% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 27
Hyosung Heavy Industries Corporation, Annual General Meeting, Mar 20, 2025 Hyosung Heavy Industries Corporation, Annual General Meeting, Mar 20, 2025, at 15:00 Tokyo Standard Time. Location: auditorium, 119, mapo-daero, mapo-gu, seoul South Korea New Risk • Feb 04
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 9.9% 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 Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Upcoming Dividend • Dec 20
Upcoming dividend of ₩2,500 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 02 April 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (0.6%). Price Target Changed • Nov 11
Price target increased by 9.5% to ₩492,444 Up from ₩449,667, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ₩491,000. Stock is up 159% over the past year. The company is forecast to post earnings per share of ₩21,152 for next year compared to ₩12,455 last year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩472,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Electrical industry in South Korea. Total returns to shareholders of 601% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩862,896 per share. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩290,500, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 274% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩339,000, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electrical industry in South Korea. Total returns to shareholders of 385% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩3,866 (vs ₩5,843 in 2Q 2023) Second quarter 2024 results: EPS: ₩3,866 (down from ₩5,843 in 2Q 2023). Revenue: ₩1.19t (up 6.3% from 2Q 2023). Net income: ₩36.0b (down 34% from 2Q 2023). Profit margin: 3.0% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩280,500, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Electrical industry in South Korea. Total returns to shareholders of 280% over the past three years. Price Target Changed • Jul 13
Price target increased by 7.5% to ₩396,167 Up from ₩368,667, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₩381,000. Stock is up 190% over the past year. The company is forecast to post earnings per share of ₩17,885 for next year compared to ₩12,455 last year. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩390,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Electrical industry in South Korea. Total returns to shareholders of 402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩669,727 per share. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩368,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 380% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩2,326 (vs ₩1,663 loss in 1Q 2023) First quarter 2024 results: EPS: ₩2,326 (up from ₩1,663 loss in 1Q 2023). Revenue: ₩984.5b (up 16% from 1Q 2023). Net income: ₩21.7b (up ₩37.1b from 1Q 2023). Profit margin: 2.2% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk High level of debt (83% net debt to equity). Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩374,500, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 478% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩714,495 per share. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩343,500, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 380% over the past three years. Major Estimate Revision • Apr 12
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩4.84b to ₩4.76b. EPS estimate also fell from ₩25,114 per share to ₩22,368 per share. Net income forecast to grow 80% next year vs 20% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩290,600 to ₩316,600. Share price rose 8.9% to ₩330,000 over the past week. Price Target Changed • Mar 29
Price target increased by 11% to ₩278,250 Up from ₩251,250, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₩285,500. Stock is up 328% over the past year. The company is forecast to post earnings per share of ₩26,660 for next year compared to ₩12,455 last year. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: ₩12,455 (vs ₩1,097 in FY 2022) Full year 2023 results: EPS: ₩12,455 (up from ₩1,097 in FY 2022). Revenue: ₩4.30t (up 23% from FY 2022). Net income: ₩116.0b (up ₩105.8b from FY 2022). Profit margin: 2.7% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩228,000, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 242% over the past three years. Announcement • Feb 27
Hyosung Heavy Industries Corporation, Annual General Meeting, Mar 14, 2024 Hyosung Heavy Industries Corporation, Annual General Meeting, Mar 14, 2024, at 11:00 Korea Standard Time. Location: 119, Mapo-daero, Mapo-gu, Seoul Main Hall at B1F of Hyosung Building Seoul South Korea Agenda: To report on audit report, operating report, report on transactions with the largest shareholder, etc, report on the operating status of the internal accounting management system; to approve of the sixth (January 1 - December 31, 2023) financial statement; to approve appointment of directors; to approve appointment of an outside director becoming a member of the audit committee; to approve appointment of members of audit committee; and to approve directors’ remuneration limit; and to consider other matters. Major Estimate Revision • Jan 30
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩5.01b to ₩5.18b. EPS estimate increased from ₩30,699 to ₩34,845 per share. Net income forecast to grow 164% next year vs 66% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩236,250 to ₩246,250. Share price fell 7.1% to ₩172,600 over the past week. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩180,600, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Electrical industry in South Korea. Total returns to shareholders of 202% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩301,437 per share. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ₩5,559 (vs ₩2,744 in 3Q 2022) Third quarter 2023 results: EPS: ₩5,559 (up from ₩2,744 in 3Q 2022). Revenue: ₩1.04t (up 32% from 3Q 2022). Net income: ₩51.8b (up 103% from 3Q 2022). Profit margin: 5.0% (up from 3.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in South Korea. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 02
Consensus EPS estimates increase by 77% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩4.14b to ₩4.47b. EPS estimate increased from ₩7,430 to ₩13,178 per share. Net income forecast to grow 779% next year vs 81% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩140,667 to ₩159,000. Share price rose 24% to ₩166,600 over the past week. Announcement • Aug 01
Hyosung Heavy Industries Corporation to Report Q2, 2023 Results on Aug 01, 2023 Hyosung Heavy Industries Corporation announced that they will report Q2, 2023 results on Aug 01, 2023 New Risk • Jul 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 8.2% 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 (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Major Estimate Revision • Jul 13
Consensus EPS estimates increase by 30% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₩5,717 to ₩7,430. Revenue forecast steady at ₩4.14b. Net income forecast to grow 463% next year vs 72% growth forecast for Electrical industry in South Korea. Consensus price target up from ₩99,667 to ₩140,667. Share price rose 17% to ₩141,300 over the past week. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩116,200, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electrical industry in South Korea. Total returns to shareholders of 299% over the past three years. Price Target Changed • May 12
Price target increased by 12% to ₩95,000 Up from ₩85,000, the current price target is an average from 3 analysts. New target price is 19% above last closing price of ₩80,000. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₩3,273 for next year compared to ₩1,097 last year. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩79,900, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Electrical industry in South Korea. Total returns to shareholders of 359% over the past three years.