Hanwha Ocean Future Growth

Future criteria checks 2/6

Hanwha Ocean is forecast to grow earnings and revenue by 23.5% and 9.4% per annum respectively. EPS is expected to grow by 17.3% per annum. Return on equity is forecast to be 10.5% in 3 years.

Key information

23.5%

Earnings growth rate

17.3%

EPS growth rate

Machinery earnings growth	48.5%
Revenue growth rate	9.4%
Future return on equity	10.5%
Analyst coverage	Good
Last updated	22 Aug 2024

Recent future growth updates

Recent updates

When Should You Buy Hanwha Ocean Co., Ltd. (KRX:042660)?

Aug 29

Hanwha Ocean Co., Ltd.'s (KRX:042660) Business Is Yet to Catch Up With Its Share Price

Jul 18

Hanwha Ocean Co., Ltd. (KRX:042660) Shares Could Be 36% Below Their Intrinsic Value Estimate

Jun 26

What Does Daewoo Shipbuilding & Marine Engineering Co., Ltd.'s (KRX:042660) Share Price Indicate?

Mar 16

We Like These Underlying Trends At Daewoo Shipbuilding & Marine Engineering (KRX:042660)

Mar 01

What Is The Ownership Structure Like For Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KRX:042660)?

Feb 11

Are Daewoo Shipbuilding & Marine Engineering's (KRX:042660) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Jan 27

Earnings and Revenue Growth Forecasts

KOSE:A042660 - Analysts future estimates and past financials data (KRW Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	11,579,669	673,154	486,000	710,614	14
12/31/2025	10,538,691	441,747	404,650	584,978	15
12/31/2024	10,059,547	176,157	-639,667	-651,258	12
6/30/2024	8,967,494	517,692	-3,145,284	-2,848,099	N/A
3/31/2024	8,252,104	307,818	-2,586,121	-2,327,253	N/A
12/31/2023	7,408,312	136,045	-2,072,629	-1,939,155	N/A
9/30/2023	6,626,567	-580,592	-1,493,529	-1,366,558	N/A
6/30/2023	5,691,181	-1,459,038	-925,247	-818,564	N/A
3/31/2023	5,054,535	-1,397,941	-1,233,283	-1,115,954	N/A
12/31/2022	4,860,150	-1,769,269	-1,187,338	-1,065,433	N/A
9/30/2022	4,766,674	-1,737,338	-1,258,889	-1,154,554	N/A
6/30/2022	4,744,912	-1,145,132	-1,050,445	-950,350	N/A
3/31/2022	4,630,275	-1,981,270	-420,018	-324,724	N/A
12/31/2021	4,486,586	-1,724,076	385,512	485,787	N/A
9/30/2021	4,795,692	-1,503,833	147,004	279,190	N/A
6/30/2021	5,277,425	-1,478,543	94,107	253,090	N/A
3/31/2021	6,173,830	-414,780	117,037	299,959	N/A
12/31/2020	7,030,175	62,566	-648,328	-458,467	N/A
9/30/2020	7,554,018	150,259	-59,335	120,766	N/A
6/30/2020	8,060,110	-116,832	703,527	886,582	N/A
3/31/2020	8,244,726	-22,866	570,917	738,425	N/A
12/31/2019	8,358,745	-70,253	2,385,127	2,542,127	N/A
9/30/2019	9,035,275	232,081	2,262,424	2,425,297	N/A
6/30/2019	9,285,063	204,698	1,467,827	1,609,926	N/A
3/31/2019	9,460,371	294,127	1,267,278	1,417,716	N/A
12/31/2018	9,644,384	321,127	572,768	725,141	N/A
9/30/2018	9,272,281	-794,047	-60,228	68,492	N/A
6/30/2018	9,495,615	-394,549	-512,469	-396,609	N/A
3/31/2018	10,627,492	609,227	N/A	-829,381	N/A
12/31/2017	11,101,818	621,492	N/A	-1,019,899	N/A
9/30/2017	11,293,961	20,791	N/A	-602,164	N/A
6/30/2017	11,892,930	-322,401	N/A	-330,148	N/A
3/31/2017	11,885,154	-2,669,486	N/A	439,479	N/A
12/31/2016	12,819,221	-2,734,139	N/A	-531,007	N/A
9/30/2016	14,456,356	-1,165,365	N/A	-898,838	N/A
6/30/2016	14,688,349	-1,998,721	N/A	-1,195,456	N/A
3/31/2016	15,199,024	-1,320,620	N/A	-778,732	N/A
12/31/2015	15,443,611	-2,061,997	N/A	-843,000	N/A
9/30/2015	14,340,409	-3,033,725	N/A	-223,453	N/A
6/30/2015	15,307,385	-1,892,757	N/A	715,495	N/A
3/31/2015	15,299,330	-1,438,606	N/A	-930,872	N/A
12/31/2014	15,455,330	-785,232	N/A	-560,227	N/A
9/30/2014	16,535,937	203,009	N/A	-233,727	N/A
6/30/2014	15,976,071	260,663	N/A	-330,238	N/A
3/31/2014	16,111,498	296,793	N/A	-351,725	N/A
12/31/2013	15,305,281	269,039	N/A	-1,197,910	N/A
9/30/2013	14,877,533	132,440	N/A	-1,977,434	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A042660's forecast earnings growth (23.5% per year) is above the savings rate (2.6%).

Earnings vs Market: A042660's earnings (23.5% per year) are forecast to grow slower than the KR market (28.9% per year).

High Growth Earnings: A042660's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A042660's revenue (9.4% per year) is forecast to grow slower than the KR market (10.6% per year).

High Growth Revenue: A042660's revenue (9.4% 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 low in 3 years time (10.5%).

Hanwha Ocean Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 30%, revenue upgraded

Price target increased by 8.2% to ₩32,007

Consensus EPS estimates increase by 23%

Price target decreased by 7.4% to ₩28,386

Price target decreased by 8.3% to ₩29,307

Consensus EPS estimates fall by 64%

Recent updates

When Should You Buy Hanwha Ocean Co., Ltd. (KRX:042660)?

New major risk - Financial position

Now 26% undervalued after recent price drop

Consensus EPS estimates fall by 30%, revenue upgraded

Hanwha Ocean Co., Ltd.'s (KRX:042660) Business Is Yet to Catch Up With Its Share Price

Hanwha Ocean Co., Ltd. (KRX:042660) Shares Could Be 36% Below Their Intrinsic Value Estimate

Hanwha Systems Co., Ltd. (KOSE:A272210) and Hanwha Ocean Co., Ltd. (KOSE:A042660) entered into a share purchase agreement to acquire Philly Shipyard, Inc. from Philly Shipyard ASA (OB:PHLY) for $100 million.

Is There Now An Opportunity In Hanwha Ocean Co., Ltd. (KRX:042660)?

First quarter 2024 earnings: EPS exceeds analyst expectations

Price target increased by 8.2% to ₩32,007

Hanwha Ocean Co., Ltd. (KOSE:A042660) agreed to acquire Philly Shipyard, Inc.

Consensus EPS estimates increase by 23%

New minor risk - Share price stability

Investor sentiment improves as stock rises 28%

Is Hanwha Ocean (KRX:042660) Using Debt Sensibly?

Hanwha Ocean's (KRX:042660) Performance Raises Some Questions

Investor sentiment improves as stock rises 21%

Full year 2023 earnings released: EPS: ₩736 (vs ₩16,493 loss in FY 2022)

Not Many Are Piling Into Hanwha Ocean Co., Ltd. (KRX:042660) Just Yet

Price target decreased by 7.4% to ₩28,386

Price target decreased by 8.3% to ₩29,307

New minor risk - Share price stability

Consensus EPS estimates fall by 64%

Now 23% undervalued after recent price drop

Consensus EPS estimates fall by 17%

Price target increased by 7.8% to ₩31,591

Price target increased by 8.2% to ₩30,136

Price target increased by 9.9% to ₩29,318

New minor risk - Share price stability

New major risk - Shareholder dilution

Price target increased by 8.6% to ₩25,227

Daewoo Shipbuilding & Marine Engineering Co., Ltd. announced that it has received KRW 2000.00001345 billion in funding from Hanwha Impact Partners INC, Hanwha Energy Corporation Singapore Pte. Ltd., Hanwha Systems Co., Ltd., Hanwha Aerospace Co., Ltd., Hanwha Convergence

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 8.8% to ₩23,944

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 38%

Price target decreased to ₩22,200

Price target decreased to ₩22,400

Consensus forecasts updated

Third quarter 2022 earnings released: ₩6,085 loss per share (vs ₩564 loss in 3Q 2021)

Consensus revenue estimates fall by 12%

High number of new and inexperienced directors

Daewoo Shipbuilding Shares Rises Amid Reports of Govt Sale Plan

Daewoo Shipbuilding & Marine Engineering Co., Ltd. announced that it expects to receive KRW 2000.00001345 billion in funding from Hanwha Impact Partners INC, Hanwha Energy Corporation Singapore Pte. Ltd., Hanwha Systems Co., Ltd., Hanwha Aerospace Co., Ltd.

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues miss analyst expectations

High number of new and inexperienced directors

Insufficient new directors

Full year 2021 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued

Price target decreased to ₩32,400

Consensus EPS estimates fall to -₩11,900

Consensus forecasts updated

Consensus forecasts updated

Consensus EPS estimates fall to -₩433

Consensus forecasts updated

Price target increased to ₩31,680

Investor sentiment improved over the past week

Is Daewoo Shipbuilding & Marine Engineering (KRX:042660) A Risky Investment?

Full year 2020 earnings released: EPS ₩583 (vs ₩655 loss in FY 2019)

What Does Daewoo Shipbuilding & Marine Engineering Co., Ltd.'s (KRX:042660) Share Price Indicate?

International Seaways, Inc. Enters into Agreement for the Construction of Three Dual-Fuel LNG VlCCs with Daewoo Shipbuilding & Marine Engineering Co., Ltd

Daewoo Shipbuilding & Marine Engineering Co., Ltd., Annual General Meeting, Mar 25, 2021

We Like These Underlying Trends At Daewoo Shipbuilding & Marine Engineering (KRX:042660)

What Is The Ownership Structure Like For Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KRX:042660)?

Are Daewoo Shipbuilding & Marine Engineering's (KRX:042660) Statutory Earnings A Good Reflection Of Its Earnings Potential?

New 90-day high: ₩28,750

New 90-day high: ₩27,950

Third quarter 2020 earnings released: ₩329 loss per share