Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩65,300, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 932% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩90,400, 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 1,609% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩169,868 per share. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩113,900, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 19x in the Machinery industry in South Korea. Total returns to shareholders of 2,013% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩206,970 per share. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 95% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 20
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₩4,867 (up from ₩2,464 in FY 2024). Revenue: ₩402.4b (up 27% from FY 2024). Net income: ₩165.1b (up 118% from FY 2024). Profit margin: 41% (up from 24% in FY 2024). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 118%. Revenue is forecast to grow 27% 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 67% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. 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 ₩72,100, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 1,197% over the past three years. Announcement • Feb 24
HD-Hyundai Marine Engine Co., Ltd., Annual General Meeting, Mar 24, 2026 HD-Hyundai Marine Engine Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 222, jeokhyeon-ro, seongsan-gu, gyeongsangnam-do, changwon South Korea Price Target Changed • Jan 23
Price target increased by 15% to ₩125,000 Up from ₩109,000, the current price target is an average from 2 analysts. New target price is 35% above last closing price of ₩92,600. Stock is up 239% over the past year. The company is forecast to post earnings per share of ₩2,201 for next year compared to ₩2,464 last year. 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 ₩100,300, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 1,266% over the past three years. New Risk • Dec 23
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 8.3% 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 • Dec 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩97,100, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 1,271% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩92,000, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 1,829% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩55,191 per share. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩83,100, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 1,622% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩57,437 per share. Buy Or Sell Opportunity • Aug 05
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 95% to ₩73,200. The fair value is estimated to be ₩57,191, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 69%. For the next 3 years, revenue is forecast to grow by 28% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩42,000, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 886% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩60,600 per share. Buy Or Sell Opportunity • Jul 03
Now 26% undervalued Over the last 90 days, the stock has risen 61% to ₩45,050. The fair value is estimated to be ₩60,597, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 69%. For the next 3 years, revenue is forecast to grow by 28% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. 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 ₩49,250, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 1,119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩57,800 per share. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: ₩409 (vs ₩240 in 1Q 2024) First quarter 2025 results: EPS: ₩409 (up from ₩240 in 1Q 2024). Revenue: ₩83.0b (up 35% from 1Q 2024). Net income: ₩13.9b (up 102% from 1Q 2024). Profit margin: 17% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 69% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 29
Now 21% undervalued Over the last 90 days, the stock has risen 35% to ₩37,000. The fair value is estimated to be ₩46,609, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 30% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩33,850, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 523% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩46,841 per share. Price Target Changed • Apr 03
Price target increased by 97% to ₩29,500 Up from ₩15,000, the current price target is an average from 2 analysts. New target price is 5.9% above last closing price of ₩27,850. Stock is up 110% over the past year. The company is forecast to post earnings per share of ₩1,293 for next year compared to ₩2,464 last year. Reported Earnings • Mar 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₩2,464 (up from ₩1,226 in FY 2023). Revenue: ₩315.8b (up 29% from FY 2023). Net income: ₩75.9b (up 117% from FY 2023). Profit margin: 24% (up from 14% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 138%. Revenue is forecast to grow 13% p.a. on average during the next 2 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 76% per year and the company’s share price has also increased by 76% per year. New Risk • Mar 10
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 9.4% 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 Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩29,700, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 501% over the past three years. Announcement • Feb 25
HD-Hyundai Marine Engine Co., Ltd., Annual General Meeting, Mar 25, 2025 HD-Hyundai Marine Engine Co., Ltd., Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 222, jeokhyeon-ro, seongsan-gu, gyeongsangnam-do, changwon South Korea Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩21,800, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Machinery industry in South Korea. Total returns to shareholders of 392% over the past three years. New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 122% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 122% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩16,230, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 186% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩20,000, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 248% over the past three years. New Risk • Aug 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩19,590, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩21,700, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 203% over the past three years. 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 ₩15,050, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 216% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩13,350, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 227% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩11,520, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 161% over the past three years. New Risk • Nov 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₩11,660, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 393% over the past three years. New Risk • Aug 02
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 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩8,730, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 17x in the Machinery industry in South Korea. Total returns to shareholders of 291% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩6,330, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩5,560, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 171% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 21% share price gain to ₩5,760, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 79% over the past three years. Board Change • Nov 16
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. 5 non-independent directors. Independent Outside Director In Suk Jo was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to ₩4,520, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩3,490, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 42% over the past three years. Reported Earnings • May 22
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: ₩57.00 loss per share (up from ₩207 loss in 1Q 2021). Revenue: ₩21.7b (down 20% from 1Q 2021). Net loss: ₩1.63b (loss narrowed 72% from 1Q 2021). Revenue missed analyst estimates by 52%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 5 non-independent directors. Independent Outside Director In Suk Jo was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ₩39.00 (vs ₩1,278 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₩248.0b (down 2.4% from FY 2019). Net income: ₩1.10b (up ₩37.0b from FY 2019). Profit margin: 0.4% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Mar 20
STX Heavy Industries Co., Ltd., Annual General Meeting, Apr 09, 2021 STX Heavy Industries Co., Ltd., Annual General Meeting, Apr 09, 2021, at 10:00 Korea Standard Time. Location: Auditorium on the 3rd floor of the headquarters of STX Heavy Industries, 381, Nammyeon-ro, Seongsan-gu, Gyeongnam Changwon-si South Korea Agenda: To appoint directors; to approve the remuneration of the directors; to partial amendment of the articles of incorporation; to approve the 20th financial statements; and to discuss other matters. Is New 90 Day High Low • Feb 24
New 90-day low: ₩3,130 The company is down 29% from its price of ₩4,400 on 26 November 2020. The South Korean market is up 17% 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. Is New 90 Day High Low • Jan 29
New 90-day low: ₩3,615 The company is down 1.0% from its price of ₩3,650 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 22% over the same period. 
