Financials Hanwha Ocean Co., Ltd.

Equities

A042660

KR7042660001

Shipbuilding

End-of-day quote Korea S.E. 23:00:00 13/06/2024 BST 5-day change 1st Jan Change
32,250 KRW +2.54% Intraday chart for Hanwha Ocean Co., Ltd. +5.74% +28.49%

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 9,879,552 - -
Enterprise Value (EV) 2 4,241 4,411 3,163 4,060 8,086 10,679 11,230 10,968
P/E ratio -42.5 x 52.3 x -1.43 x -1.15 x 34.1 x 40.3 x 21.6 x 15.5 x
Yield - - - - - - - 0.39%
Capitalization / Revenue 0.36 x 0.42 x 0.55 x 0.42 x 1.04 x 1.03 x 0.97 x 0.89 x
EV / Revenue 0.51 x 0.63 x 0.7 x 0.84 x 1.09 x 1.11 x 1.1 x 0.99 x
EV / EBITDA 10.4 x 15.6 x -1.94 x -2.74 x -160 x 24.3 x 15.8 x 12 x
EV / FCF 1.78 x -6.8 x 8.2 x -3.42 x -3.9 x -29.2 x 33.7 x 20.3 x
FCF Yield 56.3% -14.7% 12.2% -29.2% -25.6% -3.43% 2.97% 4.92%
Price to Book 0.8 x 0.76 x 1.12 x 2.73 x 1.08 x 2.18 x 1.96 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 32,250 32,250 32,250
Announcement Date 10/03/20 10/03/21 08/03/22 06/03/23 26/01/24 - - -
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 9,636 10,191 11,039
EBITDA 1 408.4 283.1 -1,631 -1,483 -50.49 439.7 712.6 915.3
EBIT 1 292.8 153.4 -1,755 -1,614 -191.8 291.6 560.5 776.4
Operating Margin 3.5% 2.18% -39.11% -33.2% -2.59% 3.03% 5.5% 7.03%
Earnings before Tax (EBT) 1 -48.9 78.3 -1,728 -1,794 -131.7 274.6 525.7 796.1
Net income 1 -46.49 86.6 -1,700 -1,745 144.3 236.4 465.7 608.4
Net margin -0.56% 1.23% -37.89% -35.9% 1.95% 2.45% 4.57% 5.51%
EPS 2 -655.0 524.0 -16,072 -16,493 736.0 800.0 1,490 2,081
Free Cash Flow 3 2,386,951 -648,328 385,512 -1,187,347 -2,073,160 -366,267 333,400 540,000
FCF margin 28,556.33% -9,222.05% 8,592.51% -24,430.26% -27,984.29% -3,801.07% 3,271.43% 4,891.56%
FCF Conversion (EBITDA) 584,419.66% - - - - - 46,783.28% 58,996.9%
FCF Conversion (Net income) - - - - - - 71,594.79% 88,750.15%
Dividend per Share 2 - - - - - - - 125.0
Announcement Date 10/03/20 10/03/21 08/03/22 06/03/23 26/01/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 1,356 1,245 1,184 981.5 1,449 1,440 1,821 1,917 2,231 2,284 2,487 2,461 2,666 2,577 2,725
EBITDA - - - - - - - - - - - - - - -
EBIT 1 -515.3 -470.1 -99.51 -627.8 -416.1 -62.79 -159 74.1 -48.8 52.9 54.59 84.74 119.5 130.3 151.5
Operating Margin -38.01% -37.75% -8.4% -63.97% -28.71% -4.36% -8.73% 3.87% -2.19% 2.32% 2.19% 3.44% 4.48% 5.06% 5.56%
Earnings before Tax (EBT) 1 -409.5 -491.5 -175.8 -682.3 -444.8 -119.9 -236.9 231.6 8.9 53.9 56.28 97.29 123 149.7 173.9
Net income 1 -398.4 -491.8 -176.1 -646.6 -430.3 -120.4 -237.2 231.5 286 51 45.07 93.91 99.06 128.6 140.8
Net margin -29.39% -39.49% -14.87% -65.88% -29.69% -8.36% -13.03% 12.08% 12.82% 2.23% 1.81% 3.82% 3.72% 4.99% 5.17%
EPS 2 -3,772 -4,641 -1,698 -6,085 -4,069 -1,180 -1,595 - - 140.0 157.6 284.1 340.1 - -
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 08/03/22 16/05/22 16/08/22 11/11/22 06/03/23 15/05/23 14/08/23 25/10/23 26/01/24 24/04/24 - - - - -
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 2,028 397 799 1,350 1,089
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.074 x 5.197 x -0.4232 x -1.367 x -7.865 x 1.818 x 1.895 x 1.189 x
Free Cash Flow 2 2,386,951 -648,328 385,512 -1,187,347 -2,073,160 -366,267 333,400 540,000
ROE (net income / shareholders' equity) -1.22% 2.27% -55.9% -118% 5.67% 5.31% 9.13% 12.6%
ROA (Net income/ Total Assets) -0.4% 0.8% -16.2% -15.3% 1.22% 1.87% 3.2% 4.5%
Assets 1 11,592 10,798 10,472 11,429 11,814 12,662 14,552 13,521
Book Value Per Share 3 35,030 36,066 20,672 6,945 23,305 14,768 16,444 18,247
Cash Flow per Share 3 23,716 -4,274 4,528 -9,932 -10,492 1,157 2,026 2,047
Capex 1 155 190 100 122 134 253 303 316
Capex / Sales 1.86% 2.7% 2.23% 2.51% 1.81% 2.63% 2.97% 2.86%
Announcement Date 10/03/20 10/03/21 08/03/22 06/03/23 26/01/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
32,250 KRW
Average target price
33,540 KRW
Spread / Average Target
+4.00%
Consensus
  1. Stock Market
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  4. Financials Hanwha Ocean Co., Ltd.
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