Korea Shipbuilding & Offshore Engineering Co Ltd (009540) Fair Value & Analysis
Industrials · KR · Market cap 25.0T KRW (≈ $17.5B) · ISIN KR7009540006
What is Korea Shipbuilding & Offshore Engineering Co Ltd really worth?
A solid business, trading 46% below our fair value of 643,950 KRW.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 22 days ago
Share price −5.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (482,962 KRW). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 65,807 KRW – 479,000 KRW · fair‑value band 482,962 KRW – 804,937 KRW · the 348,500 KRW price screens below the 643,950 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Korea Shipbuilding & Offshore Engineering Co Ltd (009540) currently trades at 348,500 KRW, while our model-based Fair Value estimate is 643,950 KRW, implying the stock looks roughly 45.9% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of 860,926 KRW per share, and 20 of the 24 models we run sit above the 348,500 KRW price. Bear case: the Asset-Based group reads lowest at 125,882 KRW, and 4 of the 24 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Korea Shipbuilding & Offshore Engineering Co Ltd generated revenue of 31.3T KRW at a net margin of 8.0%. Revenue grew 20.2% year over year. It earns a return on equity of 21.8%. Net debt stands at 897B KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 482,962 KRW (bear case) to 804,937 KRW (bull case); at 348,500 KRW, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 85%, 009540 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth DCF (860,926 KRW) versus Asset-Based (125,882 KRW). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 25
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
HD Korea Shipbuilding & Offshore Engineering Co., Ltd. engages in shipbuilding and offshore engineering business in South Korea.
Full company description
HD Korea Shipbuilding & Offshore Engineering Co., Ltd. engages in shipbuilding and offshore engineering business in South Korea. The company offers ship types, including tankers, container ships, petrochemical carriers, LNG carriers, LNG-FSRUs, LPG carriers, LEG carriers, car carriers, Ro-Pax, Ro-Ro, LNG bunkering carriers, and LCO2 ships; and offshore plant business includes the manufacturing and installation of offshore structures, floating crude oil production facilities, power generation facilities, and other individual equipment units. It also specializes in building various types of special-purpose ships, such as destroyers, frigates, corvettes, logistics support ships, amphibious, minelaying, marine intelligence, surface, rescue, and training ships, support vessels, high-speed boats, and patrol/rescue ships; and engine and machinery division, the company provides heavy and medium engines, propellers, marine axle meters, selective catalytic reduction systems, and methanation catalytic systems. In addition, it develops and supplies photovoltaic modules and systems, solid oxide fuel cells for onshore power generation and marine applications, and solid oxide electrolyzers; gas and green system offerings include Methanol LFSS, Ammonia LFSS, LPG CHS, Re-Liquefaction Unit, Re-Gasifier, and Hi-ALS; and shipbuilding also provides green ship propulsion solutions, including four-stroke marine engines, as well as electric power systems such as batteries and fuel cells to drive propulsion motors without the use of traditional power generation engines. Further, it provides other offerings including equipment such as propellers, shafts, SCR systems, ballast water treatment systems, engine power plants, industrial boilers, solar modules and systems, ITER, industrial cranes, and comprehensive marine system solutions. The company was formerly known as Korea Shipbuilding & Offshore Engineering Co., Ltd. The company was founded in 1972 and is based in Seongnam-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Korea Shipbuilding & Offshore Engineering Co Ltd reported revenue of 29.9T KRW in FY2025 versus 15.5T KRW in FY2021, a compound +17.9%/yr. Reported net income was 2.2T KRW in FY2025.
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Peer Group
Aerospace & Defense · 229 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Aerospace & Defense median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $335.71 | $116.71 | −65% |
| RTX Corporation RTX | $212.08 | $88.37 | −58% |
| Airbus SE AIR | €213.00 | €117.01 | −45% |
| Lockheed Martin Corporation LMT | $565.89 | $419.01 | −26% |
| Howmet Aerospace Inc HWM | $264.85 | $50.43 | −81% |
| General Dynamics Corporation GD | $379.32 | $274.32 | −28% |
| Northrop Grumman Corporation NOC | $545.57 | $356.59 | −35% |
| TransDigm Group TDG | $1,235 | $571.03 | −54% |
| L3Harris Technologies, Inc LHX | $262.82 | $146.55 | −44% |
| Thales S.A HO | €243.70 | €171.13 | −30% |
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