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Intermediate holding company for HD Hyundai's shipbuilding group; owns Hyundai Heavy, Mipo and Samho shipyards.
Intermediate holding company for HD Hyundai's shipbuilding group; owns Hyundai Heavy, Mipo and Samho shipyards.
Earns mainly by holding listed shipbuilding subsidiaries rather than operating yards itself, so value rests on profits at HD Hyundai Heavy and related units, dividends passed up and licence fees for engines and technology. It sits between the HD Hyundai group parent and the yards; its Mipo yard was merged into HD Hyundai Heavy in 2023.
Moat: none (scale). Pure holding company; moat sits at the operating shipyard level, not here.
Headquarters: Seoul, South Korea · Founded: 2019 · Employees: 1,543
Size Hdksoe (009540.KS) is a South Korea Industrials company (Trucks/Construction/Farm Machinery) with a market value of $12.5B, the 34th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩240,000 on 6 Nov 2026.
Performance Over six months the shares fell 48.0%, against -12.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +9.0%); the operating margin is 23.1% (peer median 13.2%).
Valuation It trades at 4.4× forward earnings against a peer median of 16.6× (cheapest of 21).
Capital Return on invested capital runs 29.7 points above its cost of capital (7.0% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩36.5T | ₩31.2T | ₩26.5T | ₩22.1T | ₩18.1T |
| Revenue growth | — | +17% | +20% | +22% | — |
| Gross profit | n/a | ₩6.50T | ₩3.55T | ₩1.84T | ₩1.12T |
| EBITDA | n/a | ₩5.73T | ₩2.96T | ₩1.59T | ₩831B |
| Net income | ₩3.59T | ₩2.17T | ₩1.17T | ₩222B | -₩217B |
| Free cash flow | n/a | ₩5.23T | ₩3.73T | ₩1.66T | ₩179B |
| Capital expenditure | n/a | ₩1.01T | ₩965B | ₩882B | ₩717B |
| Total debt | n/a | ₩1.51T | ₩1.91T | ₩4.02T | ₩4.24T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hdksoe 009540.KS | $12.5B | -48% | +23% | 23% | 4.4× | n/a |
| Hd Hyundai 267250.KS | $6.46B | -60% | +19% | 16% | 3.3× | n/a |
| Hanwha Ocean 042660.KS | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% |
| SamsungHvyInd 010140.KS | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 009540.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.4% | -8.1% | 5th lowest of 21 |
| 6-month return | -48.0% | -12.1% | 6th lowest of 21 |
| Distance from 52-week high | -50.8% | -28.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +22.9% | +9.0% | 5th highest of 21 |
| Operating margin | 23.1% | 13.2% | 5th highest of 21 |
| Forward P/E | 4.4× | 16.6× | cheapest of 21 |
| ROIC minus cost of capital | +29.7 pp | +9.5 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hdksoe 009540.KS | South Korea | $12.5B | -48% | +23% | 23% | 4.4× | n/a | n/a |
| XCMG Construction Machinery 000425.SZ | China | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% | +6.4% |
| Sinotruk Hong Kong 3808.HK | Hong Kong | $12.3B | -12% | +38% | 7% | 9.4× | -3.2% | +1.5% |
| Yangzijiang Shipbuilding (Holdings) BS6.SI | Singapore | $13.5B | +11% | +26% | 32% | 8.2× | -10.1% | +11.8% |
| CNH Industrial CNH | United States | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% | -7.0% |
| Ashok Leyland ASHOKLEY.NS | India | $10.7B | +1% | +16% | 17% | 24.8× | n/a | n/a |
| Hanwha Ocean 042660.KS | South Korea | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% | +13.2% |
| SamsungHvyInd 010140.KS | South Korea | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% | +11.4% |
| Toro TTC | United States | $9.92B | +10% | +5% | 11% | 21.2× | 5.6% | +6.0% |
| Metso METSO.HE | Finland | $15.8B | +14% | +8% | 15% | 23.6× | 15.3% | +9.6% |
| Wartsila Oyj Abp WRT1V.HE | Finland | $17.1B | -25% | -2% | 13% | 23.5× | 7.2% | +8.5% |
| Kubota 6326.T | Japan | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% | +10.3% |
| Weir WEIR.L | United Kingdom | $8.18B | -3% | +6% | 18% | 18.1× | 19.3% | +5.5% |
| Mazagon Dock Shipbuilders MAZDOCK.NS | India | $7.87B | -31% | +8% | 15% | 30.5× | n/a | n/a |
| Hd Hyundai Heavy Industries 329180.KS | South Korea | $20.3B | -62% | +41% | 15% | 9.5× | -7.0% | +16.2% |
| AGCO AGCO | United States | $7.61B | -6% | +1% | 6% | 17.1× | 10.5% | +2.0% |
| Gaztransport & Technigaz GTT.PA | France | $7.50B | -13% | +9% | 64% | 16.1× | -3.1% | +15.2% |
| Konecranes KCR.HE | Finland | $7.47B | +5% | -1% | 13% | 15.9× | 9.1% | +5.7% |
| Doosan Enerbility 034020.KS | South Korea | $21.1B | -65% | +9% | 5% | 82.3× | 22.7% | +13.2% |
| Accelleron Industries ACLN.SW | Switzerland | $7.29B | -25% | +13% | 25% | 25.1× | 3.5% | +12.1% |
| Doosan 000150.KS | South Korea | $7.10B | -60% | +11% | 6% | 16.1× | 15.0% | +11.6% |