Samsung Heavy Industries (010140) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Samsung Heavy Industries stock KRW 13,414, price KRW 16,960, that is 20.9% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range 4,885 KRW – 34,400 KRW · fair‑value band 10,061 KRW – 16,768 KRW · the 16,960 KRW price screens above the 13,414 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Samsung Heavy Industries Co., Ltd. engages in shipbuilding, offshore, and energy and infra businesses worldwide.
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The company offers shipbuilding products, including LNG carriers, LNG-FSRU, small LNG carriers/LNG bunkering vessels, VLEC ethane carriers, VLAC ammonia carriers, LCO2, container ships, crude oil tankers, shuttle tankers, arctic shuttle tankers, petroleum carriers/chemical carriers, and wind turbine installation vessels.
Its offshore projects include products and services, such as FLNG; floating production, storage, and offloading facility; floating production units (FPU) and TLP; drillships; semi-submersible; jack-up rigs; and fixed offshore platforms.
In addition, the company offers digital solutions, including smartship, autonomous operation and ship, and virtual reality technology solutions; smart yard solutions comprising engineering, robotic welding, pipe welding, cargo containment, cable laying, and robotic process automation solutions; design engineering and market research services; and green solutions, such as alternative fuel and CCS technologies, and energy saving devices.
Samsung Heavy Industries Co., Ltd. was incorporated in 1974 and is based in Seongnam-si, South Korea.
Stock analysis
Samsung Heavy Industries (010140) currently trades at 16,960 KRW, while our model-based Fair Value estimate is 13,414 KRW, 21% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 18,098 KRW per share, and 7 of the 25 models we run sit above the 16,960 KRW price.
Bear case: the Asset-Based group reads lowest at 3,230 KRW, and 18 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 10,061 KRW (bear) to 16,768 KRW (bull), the price of 16,960 KRW sits above 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 66/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Samsung Heavy Industries reported revenue of 10.7T KRW in FY2025 versus 6.6T KRW in FY2021, a compound +12.6%/yr. Reported net income was 546B KRW in FY2025.
Key figures
Market cap 14.5T KRW (≈ $10.8B) Large · P/E ratio 25.7 · P/S ratio 1.25 · EPS (TTM) 661.77 KRW · Net margin 4.9% · Return on equity 13.4% · Return on assets (EBIT) −1.3% · Operating margin 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 51% below its 52-week high and 8% 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 −21%, 010140 screens cheaper than that median.
Fair Value models
Bear10,061 KRWFair Value 13,414 KRWBull16,768 KRW
Price 16,960 KRW · Downside -20.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (562.05 KRW per share) are deliberately not added.Bear ⓘ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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
Start year 2020 (pandemic). Over 10 years: +0.9% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
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Profit margin (trend) ⓘ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.
−15.4% (2020) → 8.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+0.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+13.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −2.0% a year for the price and +11.5% for the forecasts.
AI conclusion: Strong momentum from beating LNG carrier order targets and Geoje expansion plans forms the main strength, yet thin evidence across non-financial factors leaves durability unclear.
Main risk: Chinese shipyards such as Hengli Heavy Industries and Hudong-Zhonghua could capture orders in large LNG carriers with lower costs, squeezing prices and margins for Samsung Heavy Industries' high-value vessels.
Bull case: Samsung Heavy Industries could leverage its LNG and offshore technology edge plus AI-driven design improvements to win selective premium contracts and offset volume pressure from Chinese yards.
Bear case: If Chinese yards rapidly close the technology gap in LNG carriers while sanctions limit alternative markets, Samsung Heavy Industries could face sustained margin compression and reduced order intake in its core segments.
Samsung Heavy Industries has already beaten its full-year commercial ship order target by a wide margin, led by twenty LNG carriers. The planned ten-trillion-won expansion at Geoje and new floating data center projects open additional avenues, yet Chinese yards are scaling capacity aggressively. Will its LNG and offshore technology advantage outweigh the margin pressure from that competition?
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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 · 240 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−20.9% · Above median
Profitability
Return on equity (12 months)13.4% · Above median
Return on assets3.7% · Below median
Net margin (12 months)4.9% · Below median
Operating margin (12 months)10.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)20.4% · Above median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
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). "Samsung Heavy Industries Fair Value". https://www.fairvalue-calculator.com/stock/010140
Frequently asked questions
Is Samsung Heavy Industries (010140) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 13,414 KRW versus a price of 16,960 KRW, about 21% lower (overvalued).
What is the fair value of 010140?
Our model-based fair value for Samsung Heavy Industries is 13,414 KRW (as of Nov 1, 2026), built from audited fundamentals. The current price: 16,960 KRW.
What is the quality score of 010140?
Samsung Heavy Industries has a Quality Score of 66/100. 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 Samsung Heavy Industries (010140)?
Our model-based price target is the fair value of 13,414 KRW (as of Nov 1, 2026) from 25 valuation models. Cautious scenario 10,061 KRW, optimistic scenario 16,768 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Samsung Heavy Industries stock forecast for 2026?
Our models put fair value at 13,414 KRW, about 21% lower versus a price of 16,960 KRW (overvalued). Cautious scenario 10,061 KRW, optimistic scenario 16,768 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Samsung Heavy Industries (010140)?
Samsung Heavy Industries reported trailing-twelve-month revenue of about 11.6T KRW (latest available figure, as of Nov 1, 2026).
What growth is priced into Samsung Heavy Industries (010140)?
For today's price to be fair in a discounted-cash-flow model, Samsung Heavy Industries would have to grow free cash flow by +0.1 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.2 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of 010140 use?
Our models discount Samsung Heavy Industries at 9.8 %: a base by market capitalisation (large), damped by beta 1.06, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Samsung Heavy Industries that is +0.1 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Samsung Heavy Industries (010140) delivered so far?
Over the past 5 years revenue at Samsung Heavy Industries grew +9.2 % a year. The price currently implies +0.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Samsung Heavy Industries (010140) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Samsung Heavy Industries (+0.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Samsung Heavy Industries (010140)?
The free-cash-flow yield on the price is 9.23 %: that much free cash flow Samsung Heavy Industries produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Samsung Heavy Industries (010140)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Samsung Heavy Industries it is 13,414 KRW per share (as of Nov 1, 2026), against a price of 16,960 KRW. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Samsung Heavy Industries stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 010140 trades above its calculated fair value: price 16,960 KRW, fair value 13,414 KRW, a gap of about −21% (overvalued). 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 010140?
No. The price is what the market pays today (16,960 KRW); the fair value is what the company's own numbers justify (13,414 KRW). For Samsung Heavy Industries the two are 3,546 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Samsung Heavy Industries worth?
The market values Samsung Heavy Industries at about 14.5T KRW (market capitalisation, as of Nov 1, 2026). Per share that is 16,960 KRW; our models calculate a fair value of 13,414 KRW per share.
What do the bullish and bearish scenarios say about 010140?
Our models span a range for Samsung Heavy Industries: cautious scenario 10,061 KRW, base 13,414 KRW, optimistic 16,768 KRW per share (as of Nov 1, 2026, price 16,960 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 010140?
Samsung Heavy Industries trades at a price-to-earnings ratio of 25.7 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13,414 KRW is built from several models across several years. Other multiples: PEG 0.1, P/B 3.5, P/S 1.2, EV/EBITDA 10.0.
What is the PEG ratio of 010140?
The PEG ratio of Samsung Heavy Industries is 0.11 (P/E divided by earnings growth, as of Nov 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Samsung Heavy Industries (010140)?
Balance-sheet figures for Samsung Heavy Industries (as of Nov 1, 2026): return on equity 13.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 010140 from its 52-week high?
Samsung Heavy Industries trades at 16,960 KRW, about 51% below its 52-week high of 34,400 KRW and 8% above the low of 15,720 KRW (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 13,414 KRW is for.
Which stocks are comparable to Samsung Heavy Industries?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, 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 Samsung Heavy Industries stock attractive at the current price?
The data as of Nov 1, 2026: price 16,960 KRW, calculated fair value 13,414 KRW (−21%), Quality Score 66/100, from 25 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 010140 calculated?
We run Samsung Heavy Industries through 25 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 13,414 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. Samsung Heavy Industries itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Samsung Heavy Industries (010140)?
The closing price on Nov 5, 2026 was 16,960 KRW. Our model-based fair value is 13,414 KRW, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Samsung Heavy Industries right now?
Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits above our optimistic bull case: the favourable scenario is already priced in. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Samsung Heavy Industries
How large is the market capitalisation of Samsung Heavy Industries (010140)?
The market capitalisation of Samsung Heavy Industries is 14.5T KRW (≈ $10.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Samsung Heavy Industries (010140)?
The price-to-sales ratio of Samsung Heavy Industries is 1.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Samsung Heavy Industries (010140)?
Earnings per share at Samsung Heavy Industries are 661.77 KRW (price ÷ EPS = P/E 25.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Samsung Heavy Industries (010140)?
The net margin of Samsung Heavy Industries is 4.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Samsung Heavy Industries (010140)?
The return on equity (ROE) of Samsung Heavy Industries is 13.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Samsung Heavy Industries (010140)?
On an EBIT basis the return on assets of Samsung Heavy Industries is −1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Samsung Heavy Industries (010140)?
The operating margin of Samsung Heavy Industries is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Samsung Heavy Industries (010140)?
Revenue at Samsung Heavy Industries is growing +20.4% versus a year earlier (3y avg +21.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Samsung Heavy Industries (010140)?
Earnings per share at Samsung Heavy Industries are growing +5.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Samsung Heavy Industries (010140) carry?
The net debt of Samsung Heavy Industries is 1.3T KRW (fiscal year 2025, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 1, 2026