Korea Shipbuilding & Offshore Engineering Co Ltd (009540) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Korea Shipbuilding & Offshore Engineering Co Ltd stock KRW 572,985, price KRW 246,000, upside +132.9%, quality 70 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Korea Shipbuilding & Offshore Engineering Co Ltd
009540 · KOThe stock costs 57% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 65,807 KRW – 479,000 KRW · fair‑value band 407,931 KRW – 754,583 KRW · the 246,000 KRW price screens below the 572,985 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. As of Nov 4, 2026.
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Company profile
HD Korea Shipbuilding & Offshore Engineering Co., Ltd. engages in shipbuilding and offshore engineering business in South Korea.
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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.
Stock analysis
Korea Shipbuilding & Offshore Engineering Co Ltd (009540) currently trades at 246,000 KRW, while our model-based Fair Value estimate is 572,985 KRW, implying the stock looks roughly 57% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 600,338 KRW per share, and 19 of the 26 models we run sit above the 246,000 KRW price.
Bear case: the Dividend Discount group reads lowest at 97,944 KRW, and 7 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 407,931 KRW (bear) to 754,583 KRW (bull), the price of 246,000 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 17.4T KRW (≈ $13.0B) Large · P/E ratio 5.3 · P/S ratio 0.72 · EPS (TTM) 48,764 KRW · Dividend yield 6.3% · Net margin 10.5% · Return on equity 26.9% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at 133%, 009540 screens cheaper than that median.
Fair Value models
All 26 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Compare Korea Shipbuilding & Offshore Engineering Co Ltd with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Aerospace & Defense · 241 stocks
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: South Korean Stocks
- Valuation of the Korea market
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.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| TransDigm Group TDG | $1,217 | $1,335 | +10% | vs 009540 |
| Honeywell Aerospace Inc HONA | $156.39 | $169.57 | +8% | vs 009540 |
| Safran SA SAF | €297.60 | €317.02 | +7% | vs 009540 |
| General Dynamics Corporation GD | $364.87 | $274.19 | −25% | vs 009540 |
| Lockheed Martin Corporation LMT | $595.04 | $439.21 | −26% | vs 009540 |
| Northrop Grumman Corporation NOC | $525.35 | $382.98 | −27% | vs 009540 |
| Airbus SE AIR | €198.88 | €112.14 | −44% | vs 009540 |
| RTX Corporation RTX | $198.43 | $88.19 | −56% | vs 009540 |
| General Electric Company GE | $329.45 | $92.26 | −72% | vs 009540 |
| Howmet Aerospace Inc HWM | $213.56 | $52.65 | −75% | vs 009540 |
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Key figures of Korea Shipbuilding & Offshore Engineering Co Ltd
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