South Korean Capital Goods Undervalued over 20% based on DCF

Samsung C&T

Market Cap: ₩48.9t

Engages in the engineering and construction, trading and investment, fashion, and resort businesses in South Korea, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Samsung Heavy Industries

Market Cap: ₩24.0t

Engages in shipbuilding, offshore, and energy and infra businesses worldwide.

SK

Market Cap: ₩18.5t

Engages in petroleum refining, telecommunications, wholesale and retail, chemicals, construction, and other businesses in Korea.

Samsung E&A

Market Cap: ₩10.1t

Provides a range of engineering services for plant and other construction in South Korea, the United States, Asia, the Middle East, and internationally.

Daewoo Engineering & Construction

Market Cap: ₩9.6t

Daewoo Engineering & Construction Co., Ltd.

HD HYUNDAI Marine SolutionLTD

Market Cap: ₩8.3t

HD Hyundai Marine Solution Co., Ltd. provides integrated engineering-based services to Hyundai brand ships.

Doosan Bobcat

Market Cap: ₩6.5t

Designs, manufactures, markets, and distributes compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and Oceania.

Hanwha Engine

Market Cap: ₩3.8t

Manufactures and sells diesel engines worldwide.

DL E&CLtd

Market Cap: ₩3.7t

A construction company, provides engineering, procurement, and construction solutions in South Korea.

Daehan Shipbuilding

Market Cap: ₩3.4t

Provides ship construction and repair services.

Hyosung

Market Cap: ₩2.5t

Engages in the manufacture of chemical fibers in Korea and internationally.

LOTTE

Market Cap: ₩2.2t

Engages in the food, retail, chemical, construction, manufacturing, tourism, service, and finance businesses worldwide.

SK oceanplantLtd

Market Cap: ₩1.6t

Engages in manufacturing of steel and stainless steel pipe, hull block, and shipbuilding equipment in South Korea.

Sejin Heavy Industries

Market Cap: ₩1.0t

Manufactures and sells shipbuilding equipment in South Korea.

Hantech

Market Cap: ₩503.2b

Produces and sells chemical process equipment/storage tanks and cryogenic containers in South Korea.

AeroSpace Technology of Korea

Market Cap: ₩307.6b

Manufactures, sells, and assembles aircraft parts and related tools in Korea, the United States, and internationally.

Oriental Precision & EngineeringLtd

Market Cap: ₩302.0b

Oriental Precision & Engineering Co.,Ltd.

LX Hausys

Market Cap: ₩272.7b

Manufactures and sells building materials in South Korea and internationally.

mPLUS

Market Cap: ₩178.1b

Manufactures and sells secondary battery manufacturing equipment in South Korea, China, Asia, the Americas, Europe, and internationally.

Innotech

Market Cap: ₩161.6b

Manufactures and sells environmental equipment, temperature-related equipment, and testing equipment.

Ilsung Construction

Market Cap: ₩115.6b

Operates as a construction company in South Korea.

Korea Parts & FastenersLtd

Market Cap: ₩96.0b

Manufactures and sells fasteners and automotive parts in South Korea and internationally.

Eagon HoldingsLtd

Market Cap: ₩70.3b

Produces and sells building materials in South Korea and internationally.

Heungkuk MetaltechLtd

Market Cap: ₩66.3b

Manufactures, processes, wholesales, and retails construction machinery parts in South Korea, rest of Asia, the United States, Europe, and internationally.

EE-HWA Construction

Market Cap: ₩36.0b

Engages in the construction business in South Korea.