Korea Shipbuilding & Offshore Engineering Co Ltd (009540) fair value: what the stock is really worth
We calculate from audited financials what Korea Shipbuilding & Offshore Engineering Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
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KSKorea Shipbuilding & Offshore Engineering Co Ltd009540 · KO
Price356,000 KRW
Fair Value643,950 KRW
Upside+80.9%
Quality70/100
A solid business, trading 45% below our fair value of 643,950 KRW.
As of Aug 13, 2026, the fair value of Korea Shipbuilding & Offshore Engineering Co Ltd is 643,950 KRW per share against a price of 356,000 KRW, so the fair value sits 81% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +15.0 %/yr)
!Thin margins · 8.0% net margin
✓Low debt · generates free cash flow
·2.56% dividend yield
✓Ranks above peers (11/11)
!Moderate moat 61/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange 482,962 KRW to 804,937 KRW
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 27 days ago
Share price −11.9% over the past month.
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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 356,000 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.
Korea Shipbuilding & Offshore Engineering Co Ltd (009540) currently trades at 356,000 KRW, while our model-based Fair Value estimate is 643,950 KRW, implying the stock looks roughly 44.7% 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 356,000 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
Scenario range: 482,962 KRW (bear) to 804,937 KRW (bull), the price of 356,000 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 27% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −43% fair-value upside, at 81%, 009540 screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/S ratio0.86TTM
Dividend yield2.6%
Net margin7.2%FY2025
Return on equity21.8%TTM
Return on assets (EBIT)1.7%avg 5y
Operating margin16.7%TTM
More key figures
Growth
Revenue (TTM)31.3T KRWTTM
Revenue growth (YoY)+20.2%3y avg +20.0%
EPS growth (YoY)+70.4%
Balance sheet & cash flow
Free cash flow3.4T KRWFY2025
Net debt897B KRWFY2023 · ≈ 0.3 yrs of FCF
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality70/100
Of which business quality 67
· Market factors (momentum, volatility) 32
Profitability44
Margins and returns on capital today
Quality Growth85
Are margins and returns improving?
Cashflow70
Earnings quality: real cash, not paper profit
Fin. Strength68
Balance sheet, leverage, solvency risk
Investment63
Disciplined investing over empire-building
Low Volatility29
Calm price path (market factor)
Momentum34
Price trend over the last 3–12 months (market factor)
52W Momentum29
Distance to the 52-week high (market factor)
Net Issuance82
Buybacks instead of dilution
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.
Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
29.9T KRW
Latest YoY
+17.2%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.0%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.0%
Avg. revenue growth/yr (25Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Value creation/yr (5Y, in KRW) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +70.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+67.6%
Dividend yield2.6%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1.9% (2019) → 13.0% (2025) · rising
Worst earnings drop5,949% (2021) (loss year, drop beyond 100%) · in KRW
⚠ Final year 2025 sits 211% above trend (one-off), rate approximate
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Korea Shipbuilding & Offshore Engineering Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/009540
Peer Group
Aerospace & Defense · 225 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
Quality Score70 · Top 25%
Fair Value upside+85% · Top 25%
Profitability
Return on equity (TTM)22% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)8% · Above median
Operating margin (TTM)17% · Above median
Growth and dividend
Revenue growth20% · Above median
Dividend yield (TTM)2.6% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiples vs Aerospace & Defense median · lower = cheaper
P/FCF0.0× · Cheapest 25%
PEG0.21× · Cheapest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Korea Shipbuilding & Offshore Engineering Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-7.4 % per year
Achieved revenue growth, 5 years+15.0 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price13.58 %
Discount rate (WACC) in the models10.1 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE100· sector 0
FUTURE100· sector 50
PAST87· sector 38
HEALTH97· sector 93
DIVIDEND51· sector 16
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
WeaponsDefense
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Is Korea Shipbuilding & Offshore Engineering Co Ltd (009540) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 643,950 KRW versus a price of 356,000 KRW, about +81% upside (undervalued).
What is the fair value of 009540?
Our model-based fair value for Korea Shipbuilding & Offshore Engineering Co Ltd is 643,950 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 356,000 KRW.
What is the quality score of 009540?
Korea Shipbuilding & Offshore Engineering Co Ltd has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Korea Shipbuilding & Offshore Engineering Co Ltd (009540)?
Our model-based price target is the fair value of 643,950 KRW (as of Aug 13, 2026) from 24 valuation models. Cautious scenario 482,962 KRW, optimistic scenario 804,937 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Shipbuilding & Offshore Engineering Co Ltd stock forecast for 2026?
Our models put fair value at 643,950 KRW, about +81% upside versus a price of 356,000 KRW (undervalued). Cautious scenario 482,962 KRW, optimistic scenario 804,937 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Shipbuilding & Offshore Engineering Co Ltd (009540)?
Korea Shipbuilding & Offshore Engineering Co Ltd reported trailing-twelve-month revenue of about 31.3T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 009540?
The net profit margin of Korea Shipbuilding & Offshore Engineering Co Ltd is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.
Does Korea Shipbuilding & Offshore Engineering Co Ltd pay a dividend?
Korea Shipbuilding & Offshore Engineering Co Ltd currently shows a dividend yield of about 2.56% relative to its recent price (as of Aug 13, 2026).
What growth is priced into Korea Shipbuilding & Offshore Engineering Co Ltd (009540)?
For today's price to be fair in a discounted-cash-flow model, Korea Shipbuilding & Offshore Engineering Co Ltd would have to grow free cash flow by -7.4 % per year for ten years (discount rate 10.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +15.0 % per year. As of Aug 13, 2026.
What discount rate (WACC) does the fair value of 009540 use?
Our models discount Korea Shipbuilding & Offshore Engineering Co Ltd at 10.1 %: a base by market capitalisation (large), damped by beta 1.20, country premium for South Korea. The same rate applies in all 26 models.
What is the intrinsic value of Korea Shipbuilding & Offshore Engineering Co Ltd (009540)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Shipbuilding & Offshore Engineering Co Ltd it is 643,950 KRW per share (as of Aug 13, 2026), against a price of 356,000 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Korea Shipbuilding & Offshore Engineering Co Ltd stock overvalued or undervalued in 2026?
As of Aug 13, 2026, 009540 trades below its calculated fair value: price 356,000 KRW, fair value 643,950 KRW, a gap of about +81% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 009540?
No. The price is what the market pays today (356,000 KRW); the fair value is what the company's own numbers justify (643,950 KRW). For Korea Shipbuilding & Offshore Engineering Co Ltd the two are 287,950 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Shipbuilding & Offshore Engineering Co Ltd worth?
The market values Korea Shipbuilding & Offshore Engineering Co Ltd at about 25.2T KRW (market capitalisation, as of Aug 13, 2026). Per share that is 356,000 KRW; our models calculate a fair value of 643,950 KRW per share.
What do the bullish and bearish scenarios say about 009540?
Our models span a range for Korea Shipbuilding & Offshore Engineering Co Ltd: cautious scenario 482,962 KRW, base 643,950 KRW, optimistic 804,937 KRW per share (as of Aug 13, 2026, price 356,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 009540?
The PEG ratio of Korea Shipbuilding & Offshore Engineering Co Ltd is 0.21 (P/E divided by earnings growth, as of Aug 13, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Korea Shipbuilding & Offshore Engineering Co Ltd (009540)?
Balance-sheet figures for Korea Shipbuilding & Offshore Engineering Co Ltd (as of Aug 13, 2026): return on equity 21.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 009540 from its 52-week high?
Korea Shipbuilding & Offshore Engineering Co Ltd trades at 356,000 KRW, about 27% below its 52-week high of 488,000 KRW and 19% above the low of 298,573 KRW (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of 643,950 KRW is for.
Which stocks are comparable to Korea Shipbuilding & Offshore Engineering Co Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Korea Shipbuilding & Offshore Engineering Co Ltd stock attractive at the current price?
The data as of Aug 13, 2026: price 356,000 KRW, calculated fair value 643,950 KRW (+81%), Quality Score 70/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 009540 calculated?
We run Korea Shipbuilding & Offshore Engineering Co Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 643,950 KRW, with the spread shown as a cautious and an optimistic scenario.
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