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HD Hyundai Heavy Industries · 329180 · Shipbuilding

HD Hyundai Heavy Industries: Q3 2026 Preliminary Operating Profit Up 61.3% Year on Year

Why this report

Written after:

Preliminary Q3 2026 results show operating profit of ₩899.2B, up 61.3% from a year earlier, while net profit fell 17.8%. The operating recovery in the previous report continues, but the quarter was weaker than Q2 and the share price has fallen further.

Written Oct 28, 2026 · Data as of Oct 27, 2026 · 0 views

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

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What happened

On 2026-10-28 the company released preliminary consolidated results for Q3 2026 (July to September). The figures are provisional and may differ from final numbers.

Revenue was ₩5.75T, up 30.2% from ₩4.42T a year earlier but down 9.1% from ₩6.33T in Q2. Operating profit was ₩899.2B, up 61.3% from ₩557.3B a year earlier but down 13.5% from ₩1.04T in Q2.

Pre-tax profit from continuing operations was ₩474.9B, down 16.8% year on year and down 58.9% from Q2. Net profit was ₩354.3B, down 17.8% year on year and down 56.9% from Q2. All net profit is attributable to the parent company.

For the first nine months, revenue was ₩18.00T (up 45.3%), operating profit ₩2.84T (up 94.5%) and net profit ₩1.95T (up 110.6%). The filing does not explain why pre-tax profit fell so much below operating profit growth.

As background, a sales or supply contract on 2026-10-20 equal to 2.7% of last year's sales was filed, and an earlier preliminary earnings filing on 2026-10-19 had no comparable figures. News headlines mention a wage agreement reached on 2026-10-27 and earlier strike concerns, but the filings give no financial impact.

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Model estimate of fair value

Bear
₩94,356
-67%
Base
₩194,703
-32%
Bull
₩359,620
+26%

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 8.3%). 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 Heavy Industries: Q3 2026 Preliminary Results Show Operating Profit Up 59.2% Year on Year
  2. Oct 28, 2026Update noteEarningsHD Hyundai Heavy Industries: Q3 2026 Preliminary Operating Profit Up 61.3% Year on Year
  3. Oct 13, 2026InitiationHD Hyundai Heavy Industries: Profit Recovery Continues as Shares Fall Sharply From 52-Week High

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