Reported Earnings • Nov 19
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₩4,526 (up from ₩4.00 loss in 3Q 2024). Revenue: ₩1.30t (up 21% from 3Q 2024). Net income: ₩180.5b (up ₩180.7b from 3Q 2024). Profit margin: 14% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 125%. Revenue is forecast to grow 8.0% 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 80% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 15
Price target increased by 8.3% to ₩276,944 Up from ₩255,611, the current price target is an average from 18 analysts. New target price is 20% above last closing price of ₩230,500. The company is forecast to post earnings per share of ₩8,320 for next year compared to ₩2,646 last year. Buy Or Sell Opportunity • Nov 05
Now 22% undervalued Over the last 90 days, the stock has risen 5.7% to ₩211,000. The fair value is estimated to be ₩269,966, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% 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 40% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩232,000, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 154% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩261,864 per share. Announcement • Aug 28
HD Hyundai Heavy Industries Co.,Ltd. (KOSE:A329180) signed a merger agreement to acquire 57.60% stake in Hd Hyundai Mipo Co.,Ltd. (KOSE:A010620) for KRW 4.4 trillion. HD Hyundai Heavy Industries Co.,Ltd. (KOSE:A329180) signed a merger agreement to acquire 57.60% stake in Hd Hyundai Mipo Co.,Ltd. (KOSE:A010620) for KRW 4.4 trillion on August 27, 2025. Under the terms, HD Hyundai Heavy Industries will be the surviving company and will issue new shares to shareholders of HD Hyundai Mipo Dockyard as per the merger ratio, 0.4059146 common shares of HD Hyundai Heavy Industries will be allocated for each common share of HD Hyundai Mipo Dockyard. Upon completion, HD Korea Shipbuilding will hold a 66.29% stake in the integrated entity, HD Hyundai Heavy Industries. HD Korea Shipbuilding previously held 74.18% and 42.40% stakes in HD Hyundai Heavy Industries and HD Hyundai Mipo Dockyard, respectively.
On the August 27, 2025, HD KSOE, HD Hyundai Heavy Industries (HHI), and HD Hyundai Mipo (HMD) each held board meetings, where HHI and HMD approved a merger agenda. The transaction is subject to change due to permits, approvals and consultations with relevant authorities in accordance with applicable laws and regulations. The shareholders’ meeting of HD Hyundai Heavy Industries will be held on October 23, 2025. The expected completion of the transaction is December 1, 2025. New Risk • Aug 27
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 8.1% 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 • Aug 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩214,500, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩278,257 per share. Reported Earnings • Aug 20
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₩558 (down from ₩686 in 2Q 2024). Revenue: ₩1.23t (up 9.3% from 2Q 2024). Net income: ₩22.3b (down 19% from 2Q 2024). Profit margin: 1.8% (down from 2.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to grow 9.3% 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 52% 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 • Aug 20
Price target increased by 7.0% to ₩239,789 Up from ₩224,000, the current price target is an average from 19 analysts. New target price is 30% above last closing price of ₩184,200. Stock is up 62% over the past year. The company is forecast to post earnings per share of ₩5,795 for next year compared to ₩2,646 last year. Price Target Changed • Aug 13
Price target increased by 7.0% to ₩239,789 Up from ₩224,000, the current price target is an average from 19 analysts. New target price is 27% above last closing price of ₩189,050. Stock is up 72% over the past year. The company is forecast to post earnings per share of ₩5,795 for next year compared to ₩2,646 last year. Price Target Changed • Aug 04
Price target increased by 8.8% to ₩233,789 Up from ₩214,944, the current price target is an average from 19 analysts. New target price is 19% above last closing price of ₩195,800. Stock is up 94% over the past year. The company is forecast to post earnings per share of ₩5,868 for next year compared to ₩2,646 last year. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩174,700, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩176,536 per share. Buy Or Sell Opportunity • Jun 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 74% to ₩188,400. The fair value is estimated to be ₩155,585, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 171% in the next 2 years. Buy Or Sell Opportunity • May 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 69% to ₩189,600. The fair value is estimated to be ₩155,218, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 175% in the next 2 years. Reported Earnings • May 21
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: ₩1,229 (up from ₩47.00 in 1Q 2024). Revenue: ₩1.18t (up 18% from 1Q 2024). Net income: ₩49.0b (up ₩47.1b from 1Q 2024). Profit margin: 4.1% (up from 0.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 26
Price target increased by 9.5% to ₩173,000 Up from ₩157,944, the current price target is an average from 18 analysts. New target price is 5.8% above last closing price of ₩163,500. Stock is up 122% over the past year. The company is forecast to post earnings per share of ₩6,331 for next year compared to ₩2,646 last year. Major Estimate Revision • Apr 25
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₩5,605 to ₩6,338. Revenue forecast steady at ₩4.95b. Net income forecast to grow 136% next year vs 33% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩160,110 to ₩164,278. Share price rose 21% to ₩163,000 over the past week. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩158,500, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩98,475 per share. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩118,300, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩83,752 per share. Reported Earnings • Mar 20
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩2,646 (up from ₩3,584 loss in FY 2023). Revenue: ₩4.63t (up 15% from FY 2023). Net income: ₩105.5b (up ₩248.5b from FY 2023). Profit margin: 2.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Feb 19
Hd Hyundai Mipo Co.,Ltd., Annual General Meeting, Mar 25, 2025 Hd Hyundai Mipo Co.,Ltd., Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 100, bangeojinsunhwando-ro, dong-gu, ulsan South Korea Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2025 The 15 analysts covering Hd Hyundai MipoLtd previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of ₩261.5b in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Price Target Changed • Dec 12
Price target increased by 9.9% to ₩146,938 Up from ₩133,647, the current price target is an average from 16 analysts. New target price is 8.0% above last closing price of ₩136,000. Stock is up 66% over the past year. The company is forecast to post earnings per share of ₩1,997 next year compared to a net loss per share of ₩3,584 last year. Reported Earnings • Nov 20
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: ₩4.00 loss per share (down from ₩233 profit in 3Q 2023). Revenue: ₩1.08t (up 8.4% from 3Q 2023). Net loss: ₩168.2m (down 102% from profit in 3Q 2023). Profit margin: 0% (down from 0.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% 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 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 12
Price target increased by 8.7% to ₩134,313 Up from ₩123,588, the current price target is an average from 16 analysts. New target price is 24% above last closing price of ₩108,200. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₩2,048 next year compared to a net loss per share of ₩3,584 last year. Buy Or Sell Opportunity • Aug 05
Now 26% undervalued Over the last 90 days, the stock has risen 29% to ₩99,600. The fair value is estimated to be ₩134,139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. Breakeven Date Change • Jul 29
Forecast to breakeven in 2024 The 17 analysts covering Hd Hyundai MipoLtd expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₩63.0b in 2024. Earnings growth of 91% is required to achieve expected profit on schedule. Price Target Changed • Jul 26
Price target increased by 8.8% to ₩102,313 Up from ₩94,063, the current price target is an average from 16 analysts. New target price is 9.1% below last closing price of ₩112,500. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₩1,441 next year compared to a net loss per share of ₩3,584 last year. Price Target Changed • Jul 18
Price target increased by 7.7% to ₩96,063 Up from ₩89,188, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ₩100,400. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₩978 next year compared to a net loss per share of ₩3,584 last year. Breakeven Date Change • Apr 09
Forecast to breakeven in 2024 The 16 analysts covering Hyundai Mipo Dockyard expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₩41.6b in 2024. Earnings growth of 96% is required to achieve expected profit on schedule. Reported Earnings • Mar 20
Full year 2023 earnings released: ₩3,584 loss per share (vs ₩1,118 loss in FY 2022) Full year 2023 results: ₩3,584 loss per share (further deteriorated from ₩1,118 loss in FY 2022). Revenue: ₩4.04t (up 8.7% from FY 2022). Net loss: ₩142.9b (loss widened 221% from FY 2022). Revenue is forecast to grow 8.5% 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 fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 21
First quarter 2023 earnings released: ₩113 loss per share (vs ₩1,034 loss in 1Q 2022) First quarter 2023 results: ₩113 loss per share (improved from ₩1,034 loss in 1Q 2022). Revenue: ₩909.2b (up 3.8% from 1Q 2022). Net loss: ₩4.52b (loss narrowed 89% from 1Q 2022). Revenue is forecast to grow 8.3% 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 fallen by 41% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Buying Opportunity • Apr 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be ₩91,409, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company became loss making. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Executive Director Jung Hyuk Kim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 23
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: ₩1,118 loss per share (improved from ₩4,004 loss in FY 2021). Revenue: ₩3.72t (up 29% from FY 2021). Net loss: ₩44.6b (loss narrowed 72% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 8.8% 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, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩4.22b to ₩4.08b. EPS estimate also fell from ₩4,453 per share to ₩3,312 per share. Net income forecast to grow 342% next year vs 40% growth forecast for Machinery industry in South Korea. Consensus price target down from ₩121,313 to ₩112,125. Share price fell 8.7% to ₩73,800 over the past week. Price Target Changed • Aug 18
Price target increased to ₩113,429 Up from ₩105,250, the current price target is an average from 14 analysts. New target price is 5.0% above last closing price of ₩108,000. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₩449 next year compared to a net loss per share of ₩4,004 last year. Reported Earnings • Mar 17
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: ₩4,004 loss per share (down from ₩489 loss in FY 2020). Revenue: ₩2.89t (up 3.4% from FY 2020). Net loss: ₩159.7b (loss widened ₩140.2b from FY 2020). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Over the next year, revenue is forecast to grow 28%, compared to a 20% growth forecast for the industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Board Change • Jan 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Seung Won Yu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jun 29
Price target increased to ₩93,818 Up from ₩87,050, the current price target is an average from 17 analysts. New target price is 6.9% above last closing price of ₩87,800. Stock is up 181% over the past year. Price Target Changed • May 29
Price target increased to ₩83,311 Up from ₩75,744, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of ₩85,100. Stock is up 150% over the past year. Reported Earnings • May 23
First quarter 2021 earnings released: EPS ₩696 (vs ₩1,027 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩684.7b (down 12% from 1Q 2020). Net income: ₩27.7b (down 32% from 1Q 2020). Profit margin: 4.1% (down from 5.3% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Price Target Changed • May 23
Price target increased to ₩75,744 Up from ₩59,806, the current price target is an average from 17 analysts. New target price is 14% below last closing price of ₩88,300. Stock is up 202% over the past year. Price Target Changed • Apr 30
Price target increased to ₩67,306 Up from ₩59,806, the current price target is an average from 17 analysts. New target price is 22% below last closing price of ₩85,800. Stock is up 179% over the past year. Reported Earnings • Mar 17
Full year 2020 earnings released: ₩489 loss per share (vs ₩1,335 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩2.79t (down 6.7% from FY 2019). Net loss: ₩19.5b (down 137% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 26
New 90-day high: ₩54,000 The company is up 12% from its price of ₩48,100 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩80,199 per share. Announcement • Feb 20
Hyundai Mipo Dockyard Co., Ltd., Annual General Meeting, Mar 22, 2021 Hyundai Mipo Dockyard Co., Ltd., Annual General Meeting, Mar 22, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Jan 05
New 90-day high: ₩53,800 The company is up 81% from its price of ₩29,700 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩35,531 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩350 Per Share Will be paid on the 16th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.8%). Is New 90 Day High Low • Dec 04
New 90-day high: ₩48,700 The company is up 61% from its price of ₩30,250 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 ₩25,328 per share. Price Target Changed • Nov 28
Price target raised to ₩43,867 Up from ₩40,605, the current price target is an average from 20 analysts. The new target price is 8.8% below the current share price of ₩48,100. As of last close, the stock is up 6.9% over the past year. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 22% share price gain to ₩47,900, the stock is trading at a trailing P/E ratio of 32x, up from the previous P/E ratio of 26.2x. This compares to an average P/E of 20x in the Machinery industry in South Korea. Total returns to shareholders over the past three years are 5.8%. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 17% share price gain to ₩42,350, the stock is trading at a trailing P/E ratio of 28.3x, up from the previous P/E ratio of 24.2x. This compares to an average P/E of 20x in the Machinery industry in South Korea. Total return to shareholders over the past three years is a loss of 8.8%. Is New 90 Day High Low • Nov 09
New 90-day high: ₩34,550 The company is up 6.0% from its price of ₩32,650 on 11 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 down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩25,953 per share. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 20% share price gain to ₩34,550, the stock is trading at a trailing P/E ratio of 23.1x, up from the previous P/E ratio of 19.3x. This compares to an average P/E of 20x in the Machinery industry in South Korea. Total return to shareholders over the past three years is a loss of 27%. Is New 90 Day High Low • Sep 22
New 90-day low: ₩29,100 The company is down 12% from its price of ₩33,050 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩32,100 per share.