Samsung Heavy Industries Co Ltd

Samsung Heavy Industries maintains a capital structure characterized by significant leverage, with total liabilities of 10.8 trillion KRW against total equity of 4.1 trillion KRW. The debt-to-equity ratio stands at 0.56, indicating moderate leverage, while the current ratio of 0.79 suggests tight short-term liquidity. The company holds 772.5 billion KRW in cash and equivalents, but this is insufficient to cover total debt, resulting in a negative net cash position. Operating cash flow is robust at 1.56 trillion KRW, supporting a free cash flow of 593.1 billion KRW after capital expenditures of 225.6 billion KRW.

Profitability metrics show a return on equity of 13.38% and a return on assets of 3.71%. The company generated net income of 545.5 billion KRW on revenue of 10.65 trillion KRW, yielding a net margin of approximately 5.1%. The valuation snapshot indicates a price-to-earnings ratio of 34.08 and a price-to-book ratio of 4.56, reflecting market expectations for future earnings growth. The EV/EBITDA multiple is 20.20, and EV/Revenue is 1.85.

Revenue concentration is not detailed in segment or geographic breakdowns within the available data. The company’s activity is described as Integrated Oil & Gas, suggesting exposure to energy-related shipbuilding and offshore projects. Without specific segment data, the revenue mix is inferred to be driven by core shipbuilding contracts and offshore engineering services.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current financial snapshot shows strong operating cash flow relative to net income, indicating efficient working capital management. The company’s market capitalization is 18.9 trillion KRW, with a market price of 22,150 KRW per share.

Risk assessment identifies medium liquidity risk and low dilution risk. Key flags include the negative net cash position after subtracting total debt. The company has 854 million shares outstanding, with no difference between basic and diluted shares, indicating no immediate dilution from options or convertible securities.

Recent events include analyst estimates with a mean price target of 38,380.95 KRW and a median target of 40,000 KRW. The mean recommendation is 1.77, with 10 strong buys and 13 buys, indicating strong analyst confidence. Competitor context lists Chevron, Shell, and BP, though no specific comparative data is provided.

Samsung Heavy Industries Co Ltd (010140.KS) has experienced no material changes in its fundamental profile or market signals as of the latest analysis. A comprehensive review of 17 key fields, excluding four schema-expansion fields, confirmed that the company’s status remains consistent with prior assessments, indicating a period of stability without significant operational or financial shifts. The absence of material changes is further underscored by the lack of active watcher signals and a near-total silence in cross-source news dispatches. Over the 30-day period leading up to July 14, 2026, daily news dispatches were zero for the vast majority of days, with only a single dispatch recorded on July 8, 2026. This minimal media activity suggests that no new events or developments have emerged to alter the market’s perception of the firm during this window. From a structural standpoint, the company continues to be covered by seven analysts, providing a baseline of professional scrutiny despite the lack of recent news flow. However, the firm currently holds no index memberships and has no reported top holders or officer counts in the available data, reflecting a static governance and ownership landscape that has not seen recent adjustments. For investors, this stability implies that the current valuation and risk profile of Samsung Heavy Industries are likely anchored in previously known information rather than new catalysts. The lack of new material changes or significant news sentiment means that any investment decisions should rely on the existing analyst estimates and financial fundamentals rather than expecting immediate shifts driven by recent corporate actions or market events.

Analysts project 78.9% upside to a mean price target of 38,381 KRW, signaling strong market confidence in future performance.

Net income surged 754.1% year-over-year to 545.5 billion KRW in FY2026, demonstrating a dramatic turnaround in profitability.

Return on equity of 13.38% significantly exceeds the 8.21% cohort median, indicating superior capital efficiency relative to peers.

Free cash flow improved by 249.5% to 593.1 billion KRW, reflecting enhanced operational cash generation capabilities.

Cash conversion ratio of 2.82 ranks above the 75th percentile of the cohort, highlighting robust cash flow quality.

Net margin of 5.02% trails the 5.18% cohort median, suggesting slightly weaker bottom-line efficiency compared to industry peers.

Debt-to-equity ratio of 0.56 exceeds the 0.49 cohort median, indicating higher financial leverage than the industry average.

The company faces medium liquidity risk, which could constrain short-term financial flexibility during periods of market stress.

Long-term debt remains substantial at 2.3 trillion KRW in FY2026, requiring careful management to maintain credit stability.

Revenue growth of 7.5% in FY2026 moderates from previous years, potentially signaling a slowdown in top-line expansion momentum.

Revenue KRW 2.90T, +16,4% YoY; Operating income +121,9% YoY.

• ▍Revenue KRW 2.90T, +16,4% YoY
• ▍Operating income +121,9% YoY
• ▍Net income +10,3% YoY
• ▍Free cash flow +13,9% YoY
• ▍Net margin 3.5%

Revenue KRW 2.84T, +5,1% YoY; Operating income +70,0% YoY.

• ▍Revenue KRW 2.84T, +5,1% YoY
• ▍Operating income +70,0% YoY
• ▍Net income +200,7% YoY
• ▍Free cash flow +212,8% YoY
• ▍Net margin 3.4%

Revenue KRW 2.63T, +13,4% YoY; Operating income +98,6% YoY.

• ▍Revenue KRW 2.63T, +13,4% YoY
• ▍Operating income +98,6% YoY
• ▍Net income +92,0% YoY
• ▍Free cash flow +61,2% YoY
• ▍Net margin 5.4%

Revenue KRW 2.68T, +6,0% YoY; Operating income +56,7% YoY.

• ▍Revenue KRW 2.68T, +6,0% YoY
• ▍Operating income +56,7% YoY
• ▍Net income +179,7% YoY
• ▍Free cash flow +94,4% YoY
• ▍Net margin 8.0%

Revenue KRW 2.49T; Operating income KRW 123.08B.

• ▍Revenue KRW 2.49T
• ▍Operating income KRW 123.08B
• ▍Net margin 3.7%

Revenue KRW 2.70T; Operating income KRW 174.23B.

• ▍Revenue KRW 2.70T
• ▍Operating income KRW 174.23B
• ▍Net margin -3.6%

Revenue KRW 2.32T; Operating income KRW 119.87B.

• ▍Revenue KRW 2.32T
• ▍Operating income KRW 119.87B
• ▍Net margin 3.2%

Revenue KRW 2.53T; Operating income KRW 130.73B.

• ▍Revenue KRW 2.53T
• ▍Operating income KRW 130.73B
• ▍Net margin 3.0%

Revenue KRW 10.65T, +7,5% YoY; Operating income +71,5% YoY.

• ▍Revenue KRW 10.65T, +7,5% YoY
• ▍Operating income +71,5% YoY
• ▍Net income +754,1% YoY
• ▍Free cash flow +249,6% YoY
• ▍Net margin 5.1%

Revenue KRW 9.90T, +23,6% YoY; Operating income +115,4% YoY.

• ▍Revenue KRW 9.90T, +23,6% YoY
• ▍Operating income +115,4% YoY
• ▍Net income +143,1% YoY
• ▍Free cash flow +348,1% YoY
• ▍Net margin 0.6%

Revenue KRW 8.01T, +34,7% YoY; Operating income +127,3% YoY.

• ▍Revenue KRW 8.01T, +34,7% YoY
• ▍Operating income +127,3% YoY
• ▍Net income +76,1% YoY
• ▍Free cash flow +86,1% YoY
• ▍Net margin -1.9%

Revenue KRW 5.94T, −10,2% YoY; Operating income +34,9% YoY.

• ▍Revenue KRW 5.94T, −10,2% YoY
• ▍Operating income +34,9% YoY
• ▍Net income +57,1% YoY
• ▍Free cash flow +62,0% YoY
• ▍Net margin -10.4%