Samsung Heavy Industries Co., Ltd.

010140.KS · Industrials · Aerospace & Defense · Valued as of 2026-11-05 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

893.36M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

3.06B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

3.06B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

2.34B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

10.73B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.22×

the ratio the screener ranks by

Margin of Safety

-359.2%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 893.36M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)243.26M USD
+②Net Cash Today650.09M USD
+③Growth Value0 USD
=Value893.36M USD

EPV of the Operations (NOPAT over WACC)

243.26M USD

Net cash today

+650.09M USD

Growth Value

0 USD

Value

893.36M USD

①EPV (Earnings Power Value)

243.26M USD

②Net Cash Today

650.09M USD

③Growth Value

0 USD

Market value

Market Cap10.73B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-1101.1%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 3.06B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 3.06B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap10.73B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-250.9%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 3.06B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (an FCFF at or below zero in the latest three years), so the value is the book value today, 3.06B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Cash Today

Not in the value

Market value

Market Cap10.73B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-250.9%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 10.75%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.06×Market Risk Premium 6.00%= 10.87%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 79.87M USDPretax Income 452.83M USD= 17.64%

The tax the interest saves.

Interest Expense =EBIT 550.45M USD−Pretax Income 452.83M USD= 97.62M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 97.62M USDTotal Debt 866.97M USD×(1 − Tax Rate for WACC 17.64%)= 9.27%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 866.97M USDMarket Cap + Total Debt 10.73B USD + 866.97M USD= 7.48%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 92.52%×Cost of Equity 10.87%+Debt Weight 7.48%×Cost of Debt 9.27%= 10.75%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 11.66B USD − Total Liabilities 8.60B USD = Book Value Today 3.06B USD

Total Debt 866.97M USD − Cash and Short-Term Investments 1.52B USD = Net Debt Today -650.09M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.0%at most 5%passes854,035,571 / 854,035,571
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets6.1%at least -10.0%passes(1.09B USD − 379.78M USD) ÷ 11.66B USD
Price to bookMarket Cap ÷ Book Value Today3.51×at most 3×does not pass10.73B USD ÷ 3.06B USD
Operating marginOperating Income ÷ Revenue8.1%above 10.0%does not pass600.23M USD ÷ 7.41B USD
Revenue growthRevenue ÷ Revenue a Year Before − 19.7%above 10.0%does not pass7.41B USD / 6.76B USD
Net cash(Cash − Total Debt) ÷ Market Cap-3.2%above -30%passes(524.23M USD − 866.97M USD) ÷ 10.73B USD
Operating efficiencyOperating Income ÷ Gross Profit62.7%above 25.0%passes600.23M USD ÷ 956.74M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

16846.83 KRW

Enterprise value

13.75T KRW

the provider's own figure

EV / EBITDA

9.76×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

13.4%

the provider's figure, not this page's

Profit margin

4.9%

Revenue growth

20.4%

Analyst target, mean

32964.75 KRW

Analysts

22

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

4.72B6.27B6.76B7.41B

Gross profit

-367.13M505.63M627.97M956.74M

Operating income

-678.65M182.79M342.92M600.23M

EBITDA

operating income before depreciation and amortisation

-203.16M96.75M127.53M748.15M

Pretax income

-440.60M-231.65M-215.22M452.83M

Net income

-492.01M-116.15M43.57M379.78M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

-460.01M-95.28M494.38M237.98M

R&D

48.34M53.13M56.60M70.27M
Balance sheet, year end (USD)2022202320242025

Total assets

11.51B12.22B11.73B10.41B

Total liabilities

8.67B9.54B9.17B7.56B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

2.86B2.69B2.59B2.89B

Total debt

2.48B2.88B2.42B1.61B

Cash and equivalents

730.10M457.33M652.12M537.86M

Net PP&E

fixed assets after depreciation

4.24B4.22B3.67B3.69B

Working capital

current assets less current liabilities

-638.68M-1.56B-1.81B-1.40B
Cash flow (USD)2022202320242025

Operating cash flow

-1.34B-404.58M446.49M1.09B

Capital expenditure

paid out, so below zero

-49.57M-120.21M-118.30M-157.06M

Depreciation and amortisation

158.23M188.51M197.28M197.71M

Free cash flow

operating cash flow plus capital expenditure

-1.39B-524.79M328.19M930.91M