Doosan Heavy Ind. & Const. (034020) Fair Value & Analysis
Industrials · KR · Market cap 44.5T KRW (≈ $31.2B) · ISIN KR7034020008
What is Doosan Heavy Ind. & Const. really worth?
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Below-average quality, and trading another 898% above our fair value of 7,938 KRW.
Strengths
Risks
Fair value as of: Aug 28, 2026
From 24 valuation models · updated 8 days ago
Share price +17.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (13,094 KRW). The favourable scenario is already priced in.
- The model range is unusually wide (4,097 KRW to 13,094 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range 9,230 KRW – 136,400 KRW · fair‑value band 4,097 KRW – 13,094 KRW · the 79,200 KRW price screens above the 7,938 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 28, 2026.
Analysis
Doosan Heavy Ind. & Const. (034020) currently trades at 79,200 KRW, while our model-based Fair Value estimate is 7,938 KRW, implying the stock looks roughly 898.0% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 27,329 KRW per share, and 0 of the 24 models we run sit above the 79,200 KRW price. Bear case: the Earnings-Based group reads lowest at 1,988 KRW, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Doosan Heavy Ind. & Const. generated revenue of 17.6T KRW at a net margin of 0.9%. Revenue grew 13.7% year over year. It earns a return on equity of 2.4%. Net debt stands at 2.7T KRW. Fundamentals as of Aug 28, 2026
Our scenario range runs from 4,097 KRW (bear case) to 13,094 KRW (bull case); at 79,200 KRW, the current price sits above 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 43% below its 52-week high and 73% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −90%, 034020 screens richer 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: DCF Models (27,329 KRW) versus Earnings-Based (1,988 KRW). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 23
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
Doosan Enerbility Co., Ltd. operates as an energy company in South Korea, the Americas, Asia, the Middle East, Europe, and internationally. The company offers new energy solutions, including wind power solutions, gas turbines for power generation, small modular reactors, hydrogen energy, and energy storage systems.
Full company description
Doosan Enerbility Co., Ltd. operates as an energy company in South Korea, the Americas, Asia, the Middle East, Europe, and internationally. The company offers new energy solutions, including wind power solutions, gas turbines for power generation, small modular reactors, hydrogen energy, and energy storage systems. It also engages in the manufacture of power generation equipment, including boilers, turbines, and generators; engineering, procurement, and construction of thermal power plants; general construction; seawater desalination; 3D printing technology; and castings and forgings for power plants, marine vessels, steelworks, molds and tool steel, and other various industrial facilities. In addition, it is involved in construction works, including roads, railways, bridges, industrial complexes and ports, multipurpose buildings, apartments, business facilities, educational and research facilities, and thermal and combined cycle power plants. Further, the company provides professional and financial investment services, software and system engineering, and construction equipment; produces and sells fuel cells; and operates resort and golf clubs. Doosan Enerbility Co., Ltd. was incorporated in 1962 and is headquartered in Changwon-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Doosan Heavy Ind. & Const. reported revenue of 17.1T KRW in FY2025 versus 11.3T KRW in FY2021, a compound +10.9%/yr. Reported net income was 84.8B KRW in FY2025, compounding −35.7%/yr from FY2021.
034020 screens 898% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 792 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 Specialty Industrial Machinery 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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $941.84 | $131.95 | −86% |
| SIE SIE | €289.85 | €139.77 | −52% |
| Eaton Corporation ETN | $402.78 | $168.65 | −58% |
| Parker-Hannifin Corporation PH | $995.02 | $398.69 | −60% |
| Atlas Copco AB ATCOA | kr 206.60 | kr 112.59 | −46% |
| Cummins Inc CMI | $564.40 | $348.94 | −38% |
| Illinois Tool Works Inc ITW | $281.67 | $145.84 | −48% |
| Emerson Electric Co EMR | $155.18 | $58.44 | −62% |
| AMETEK, Inc AME | $236.25 | $125.80 | −47% |
| Rockwell Automation, Inc ROK | $417.53 | $125.76 | −70% |
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