Company Valuation: Samsung Heavy Industries Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,867,533 4,378,305 6,619,666 9,651,900 20,585,025 18,150,696 - -
Change - -10.05% 51.19% 45.81% 113.27% -11.83% - -
Enterprise Value (EV) 1 6,543 6,453 8,140 11,126 21,166 18,736 17,560 16,399
Change - -1.37% 26.14% 36.68% 90.24% -11.48% -6.27% -6.61%
P/E -2.61x -7.05x -44.5x 151x 37.7x 17.7x 12.5x 10.6x
PBR 1.18x 1.21x 1.92x 2.54x 4.96x 3.54x 2.75x 2.24x
PEG - 0.1x 0.6x -1x 0x 0.2x 0.3x 0.6x
Capitalization / Revenue 0.74x 0.74x 0.83x 0.97x 1.93x 1.41x 1.24x 1.15x
EV / Revenue 0.99x 1.09x 1.02x 1.12x 1.99x 1.45x 1.2x 1.04x
EV / EBITDA -5.88x -9.85x 17.2x 14.1x 18.5x 10.7x 7.86x 6.41x
EV / EBIT -4.99x -7.55x 34.9x 22.1x 24.5x 12.6x 8.95x 7.24x
EV / FCF 8.12x -3.68x -12.2x 23.1x 15.7x 12.9x 11.8x 9.35x
FCF Yield 12.3% -27.2% -8.23% 4.32% 6.36% 7.73% 8.48% 10.7%
Dividend per Share 3 - - - - - 114.3 185.7 316.7
Rate of return - - - - - 0.54% 0.87% 1.49%
EPS 3 -2,174 -725 -174 75 639 1,200 1,701 1,997
Distribution rate - - - - - 9.52% 10.9% 15.9%
Net sales 1 6,622 5,945 8,009 9,903 10,650 12,894 14,680 15,787
EBITDA 1 -1,113 -655.2 474 791.9 1,146 1,749 2,235 2,557
EBIT 1 -1,312 -854.4 233.3 502.7 862.2 1,482 1,962 2,266
Net income 1 -1,452 -627.4 -155.6 53.9 535.8 1,046 1,488 1,758
Net Debt 1 1,676 2,075 1,521 1,474 581.4 585.2 -590.5 -1,751
Reference price 3 5,670.00 5,110.00 7,750.00 11,300.00 24,100.00 21,250.00 21,250.00 21,250.00
Nbr of stocks (in thousands) 854,150 854,150 854,150 854,150 854,150 854,150 - -
Announcement Date 27/01/22 30/01/23 07/02/24 05/02/25 30/01/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.7x1.45x10.71x0.54% 12.2B
13.41x0.63x4.9x2.65% 37.52B
20.33x3.35x15.15x - 23.4B
14.88x1.98x12.87x0% 15.81B
6.76x0.44x2.37x5.01% 15.54B
7.63x1.58x4.69x6.42% 10.89B
41.88x1.52x14.81x0.97% 5.98B
13.2x0.73x7.42x2.21% 5.2B
29.17x0.63x8.19x0.2% 4.89B
9.26x - - - 3.93B
Average 17.42x 1.37x 9.01x 2.25% 13.54B
Weighted average by Cap. 15.63x 1.45x 8.58x 2.52%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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