HANWHA OCEAN CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32,500 KRW | -0.31% |
|
-0.61% | +29.48% |
| Apr. 25 | Hanwha Ocean Swings to Q1 Profit as Sales Jump 59% | MT |
| Apr. 24 | Hanwha Ocean Co., Ltd. agreed to acquire Philly Shipyard, Inc. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,985,229 | 2,939,320 | 2,472,676 | 2,032,851 | 7,689,202 | 9,956,137 | - | - |
| Enterprise Value (EV) 2 | 4,241 | 4,411 | 3,163 | 4,060 | 8,086 | 10,968 | 10,950 | 11,198 |
| P/E ratio | -42.5 x | 52.3 x | -1.43 x | -1.15 x | 34.1 x | 42.9 x | 21.2 x | 16.6 x |
| Yield | - | - | - | - | - | - | - | 0.51% |
| Capitalization / Revenue | 0.36 x | 0.42 x | 0.55 x | 0.42 x | 1.04 x | 1.02 x | 0.99 x | 0.9 x |
| EV / Revenue | 0.51 x | 0.63 x | 0.7 x | 0.84 x | 1.09 x | 1.13 x | 1.08 x | 1.01 x |
| EV / EBITDA | 10.4 x | 15.6 x | -1.94 x | -2.74 x | -160 x | 25 x | 15 x | 11.9 x |
| EV / FCF | 1.78 x | -6.8 x | 8.2 x | -3.42 x | -3.9 x | -29.9 x | 32 x | 17.8 x |
| FCF Yield | 56.3% | -14.7% | 12.2% | -29.2% | -25.6% | -3.34% | 3.12% | 5.61% |
| Price to Book | 0.8 x | 0.76 x | 1.12 x | 2.73 x | 1.08 x | 2.2 x | 1.86 x | 1.77 x |
| Nbr of stocks (in thousands) | 107,190 | 107,274 | 107,274 | 107,274 | 306,343 | 306,343 | - | - |
| Reference price 3 | 27,850 | 27,400 | 23,050 | 18,950 | 25,100 | 32,500 | 32,500 | 32,500 |
| Announcement Date | 3/10/20 | 3/10/21 | 3/8/22 | 3/6/23 | 1/26/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,359 | 7,030 | 4,487 | 4,860 | 7,408 | 9,720 | 10,098 | 11,045 |
| EBITDA 1 | 408.4 | 283.1 | -1,631 | -1,483 | -50.49 | 438.3 | 732.4 | 941.1 |
| EBIT 1 | 292.8 | 153.4 | -1,755 | -1,614 | -191.8 | 292.7 | 576.6 | 828.8 |
| Operating Margin | 3.5% | 2.18% | -39.11% | -33.2% | -2.59% | 3.01% | 5.71% | 7.5% |
| Earnings before Tax (EBT) 1 | -48.9 | 78.3 | -1,728 | -1,794 | -131.7 | 255.1 | 516.7 | 803.8 |
| Net income 1 | -46.49 | 86.6 | -1,700 | -1,745 | 144.3 | 229.7 | 481.7 | 602.2 |
| Net margin | -0.56% | 1.23% | -37.89% | -35.9% | 1.95% | 2.36% | 4.77% | 5.45% |
| EPS 2 | -655.0 | 524.0 | -16,072 | -16,493 | 736.0 | 757.3 | 1,533 | 1,963 |
| Free Cash Flow 3 | 2,386,951 | -648,328 | 385,512 | -1,187,347 | -2,073,160 | -366,267 | 341,880 | 628,700 |
| FCF margin | 28,556.33% | -9,222.05% | 8,592.51% | -24,430.26% | -27,984.29% | -3,768.12% | 3,385.51% | 5,692.13% |
| FCF Conversion (EBITDA) | 584,419.66% | - | - | - | - | - | 46,680.23% | 66,804.7% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 70,969% | 104,406.39% |
| Dividend per Share 2 | - | - | - | - | - | - | - | 166.7 |
| Announcement Date | 3/10/20 | 3/10/21 | 3/8/22 | 3/6/23 | 1/26/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 959.7 | 1,356 | 1,245 | 1,184 | 981.5 | 1,449 | 1,440 | 1,821 | 1,917 | 2,231 | 2,284 | 2,503 | 2,423 | 2,641 | 2,506 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -18.97 | -515.3 | -470.1 | -99.51 | -627.8 | -416.1 | -62.79 | -159 | 74.1 | -48.8 | 52.9 | 51.3 | 90.6 | 117.6 | 128.1 |
| Operating Margin | -1.98% | -38.01% | -37.75% | -8.4% | -63.97% | -28.71% | -4.36% | -8.73% | 3.87% | -2.19% | 2.32% | 2.05% | 3.74% | 4.45% | 5.11% |
| Earnings before Tax (EBT) 1 | -55.34 | -409.5 | -491.5 | -175.8 | -682.3 | -444.8 | -119.9 | -236.9 | 231.6 | 8.9 | 53.9 | 55.56 | 78.94 | 94.52 | 129.5 |
| Net income 1 | -54.48 | -398.4 | -491.8 | -176.1 | -646.6 | -430.3 | -120.4 | -237.2 | 231.5 | 286 | 51 | 49.14 | 113.3 | 84.09 | 131.9 |
| Net margin | -5.68% | -29.39% | -39.49% | -14.87% | -65.88% | -29.69% | -8.36% | -13.03% | 12.08% | 12.82% | 2.23% | 1.96% | 4.68% | 3.18% | 5.26% |
| EPS 2 | -564.0 | -3,772 | -4,641 | -1,698 | -6,085 | -4,069 | -1,180 | -1,595 | - | - | -174.5 | 157.6 | 284.1 | 340.1 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/15/21 | 3/8/22 | 5/16/22 | 8/16/22 | 11/11/22 | 3/6/23 | 5/15/23 | 8/14/23 | 10/25/23 | 1/26/24 | 4/24/24 | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,255 | 1,471 | 690 | 2,028 | 397 | 1,012 | 994 | 1,241 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.074 x | 5.197 x | -0.4232 x | -1.367 x | -7.865 x | 2.309 x | 1.357 x | 1.319 x |
| Free Cash Flow 2 | 2,386,951 | -648,328 | 385,512 | -1,187,347 | -2,073,160 | -366,267 | 341,880 | 628,700 |
| ROE (net income / shareholders' equity) | -1.22% | 2.27% | -55.9% | -118% | 5.67% | 5.05% | 8.98% | 12.2% |
| ROA (Net income/ Total Assets) | -0.4% | 0.8% | -16.2% | -15.3% | 1.22% | 2.05% | 3.29% | 4.38% |
| Assets 1 | 11,592 | 10,798 | 10,472 | 11,429 | 11,814 | 11,206 | 14,647 | 13,748 |
| Book Value Per Share 3 | 35,030 | 36,066 | 20,672 | 6,945 | 23,305 | 14,776 | 17,442 | 18,363 |
| Cash Flow per Share 3 | 23,716 | -4,274 | 4,528 | -9,932 | -10,492 | 1,720 | 2,142 | - |
| Capex 1 | 155 | 190 | 100 | 122 | 134 | 225 | 280 | 303 |
| Capex / Sales | 1.86% | 2.7% | 2.23% | 2.51% | 1.81% | 2.32% | 2.77% | 2.74% |
| Announcement Date | 3/10/20 | 3/10/21 | 3/8/22 | 3/6/23 | 1/26/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
32,500
KRW
Average target price
33,579
KRW
Spread / Average Target
+3.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +29.48% | 7.23B | |
| +27.17% | 23.11B | |
| +19.61% | 15.54B | |
| +6.70% | 6.63B | |
| +27.10% | 6.11B | |
| +16.78% | 5.04B | |
| -24.58% | 4.46B | |
| +99.72% | 4.27B | |
| +4.41% | 3.72B | |
| -13.43% | 2.13B |
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- Financials Hanwha Ocean Co., Ltd.
