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You're reading an earlier report from Oct 13, 2026. See the latest report

HD-Hyundai Marine Engine · 071970 · Machinery

HD-Hyundai Marine Engine: Strong Earnings Growth, Share Price Down 52.5% Over One Year

Why this report

Start of coverage: one of the 300 largest companies, written once its financial statements were in.

Filed numbers show revenue, margins and returns rising for four straight years, with trailing twelve-month (TTM) operating margin at 23.3% and ROE at 46.8%. The share price closed at ₩40,550 on 2026-10-12, down 52.5% over one year and close to its 52-week low of ₩40,400.

Written Oct 13, 2026 · Data as of Oct 12, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

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Thesis

The data supports a company whose operations have improved sharply. Revenue rose from ₩163.9B in 2021 to ₩402.4B in 2025, and operating income moved from a loss of ₩10.9B to a profit of ₩75.9B. TTM to H1 2026 shows revenue of ₩481.7B and operating income of ₩112.0B. The market has moved the other way. The shares are down 22.8% over one month, 32.0% over three months and 52.5% over one year, and trade at 52.5% of the 52-week high of ₩118,200 or less (₩40,550 versus ₩118,200 is about 34.3%). The data does not explain the decline: no news headlines, investor flow, foreign ownership or short balance data are available. The trailing P/E of 7.1 is far below the year-end 2025 level of 18.4, but TTM net income (₩194.7B) is well above operating income (₩112.0B), so non-operating items appear to contribute to profit. The data does not show what those items are, and that matters for judging how repeatable the earnings are.

Business overview

HD-Hyundai Marine Engine is a KOSPI-listed company in the Machinery sector, founded on 2001-06-15 and listed on 2009-05-15. It has 33,921,495 listed shares and a market capitalization of about ₩1.4T (₩1,375.5B). The CEO is listed as 유정대. Recent filings include a steady series of major sales or supply contract disclosures (2026-06-18, 07-15 amended, 07-31, 08-21, 08-31 twice, 09-18 amended), which suggests ongoing contract activity, though the data does not give contract values or counterparties. A 5%+ holding report was filed on 2026-07-01.

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Model estimate of fair value

Bear
₩27,159
-24%
Base
₩40,367
+14%
Bull
₩63,048
+77%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 7%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 28, 2026Update noteEarningsHD-Hyundai Marine Engine: Q3 2026 Preliminary Operating Profit Nearly Triples
  2. Oct 13, 2026InitiationStart of coverage (300 largest)HD-Hyundai Marine Engine: Strong Earnings Growth, Share Price Down 52.5% Over One Year

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information