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Korean mid-size shipbuilder building bulk carriers and tankers for global shipowners.
Korean mid-size shipbuilder building bulk carriers and tankers for global shipowners.
Moat: none (scale). Mid-tier yard competing on price and delivery slots in a cyclical, capacity-constrained industry.
Headquarters: Yeongam, South Korea · Employees: 559
Size DAEHAN SHIPBUILDING (439260.KS) is a South Korea Industrials company (Trucks/Construction/Farm Machinery) with a market value of $955M, the 241st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩34,050 on 6 Nov 2026.
Performance Over six months the shares fell 62.0%, against -17.7% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 14.2% over the last twelve months (peer median +13.0%); the operating margin is 26.4% (peer median 8.6%).
Valuation It trades at 4.4× forward earnings against a peer median of 17.7× (cheapest of 15).
Capital Return on invested capital runs 38.5 points above its cost of capital (5.5% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩1.29T | ₩1.23T | ₩1.08T | ₩816B | ₩694B |
| Revenue growth | — | +14% | +32% | +18% | — |
| Gross profit | ₩369B | ₩320B | ₩179B | ₩53.4B | ₩20.1B |
| EBITDA | ₩352B | ₩306B | ₩169B | ₩47.7B | ₩13.5B |
| Net income | ₩301B | ₩249B | ₩173B | ₩38.3B | -₩10.4B |
| Free cash flow | ₩260B | ₩153B | ₩153B | -₩128B | ₩95.0B |
| Capital expenditure | ₩15.2B | ₩8.98B | ₩5.65B | ₩18.2B | ₩2.51B |
| Total debt | ₩279M | ₩349M | ₩327B | ₩345B | ₩209B |
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 |
|---|---|---|---|---|---|---|
| DAEHAN SHIPBUILDING 439260.KS | $955M | -62% | +14% | 26% | 4.4× | n/a |
| Hd Hyundai Heavy Industries 329180.KS | $20.3B | -62% | +41% | 15% | 9.5× | -7.0% |
| 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 | 439260.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.9% | -7.0% | 2nd lowest of 21 |
| 6-month return | -62.0% | -17.7% | 2nd lowest of 21 |
| Distance from 52-week high | -69.0% | -30.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | +14.2% | +13.0% | 11th highest of 21 |
| Operating margin | 26.4% | 8.6% | 2nd highest of 21 |
| Forward P/E | 4.4× | 17.7× | cheapest of 15 |
| ROIC minus cost of capital | +38.5 pp | -0.3 pp | highest of 21 |
| EV / EBITDA | 1.9× | 11.4× | cheapest of 14 |
| Net debt / EBITDA | -1.8× | 1.0× | least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DAEHAN SHIPBUILDING 439260.KS | South Korea | $955M | -62% | +14% | 26% | 4.4× | n/a | n/a |
| Titagarh Rail Systems TITAGARH.NS | India | $967M | -20% | -10% | 10% | 34.8× | 45.4% | +15.9% |
| Sunward Intelligent Equipment 002097.SZ | China | $985M | -38% | +10% | 1% | n/a | n/a | n/a |
| TADANO 6395.T | Japan | $1.02B | -8% | +21% | 9% | 10.8× | n/a | n/a |
| Jupiter Wagons JWL.NS | India | $896M | -35% | -12% | 10% | 32.8× | n/a | n/a |
| HD-Hyundai Marine Engine 071970.KS | South Korea | $887M | -66% | +54% | 26% | 8.7× | -9.8% | +10.2% |
| Newag NWG.WA | Poland | $1.04B | -16% | +45% | 21% | 11.9× | -4.3% | +12.6% |
| Knowledge Marine & Engineering Works KMEW.NS | India | $876M | +44% | +57% | 40% | n/a | n/a | n/a |
| engcon ENGCON-B.ST | Sweden | $876M | -13% | +16% | 16% | 29.7× | 7.0% | +11.9% |
| Willing New Energy 002667.SZ | China | $1.08B | -20% | +49% | -44% | n/a | n/a | n/a |
| Lindsay LNN | United States | $1.08B | -3% | -6% | 11% | 20.4× | 6.0% | +2.3% |
| Vossloh Aktiengesellschaft VOS.DE | Germany | $1.08B | -31% | +21% | 5% | 21.7× | 12.9% | +9.1% |
| Douglas Dynamics PLOW | United States | $839M | -20% | +23% | 13% | 11.0× | 5.6% | +6.4% |
| Chengdu Xiling Power Science & Technology 300733.SZ | China | $831M | -9% | +4% | 3% | 29.3× | n/a | n/a |
| Taiyuan Heavy Industry 600169.SS | China | $1.10B | -8% | +10% | 6% | n/a | -3.8% | +3.7% |
| Astec Industries ASTE | United States | $822M | -33% | +19% | 5% | 9.8× | 9.5% | +6.6% |
| Yamabiko 6250.T | Japan | $1.11B | +8% | +10% | 13% | 9.9× | -2.2% | +5.7% |
| Power HF 605100.SS | China | $816M | -35% | +17% | 2% | n/a | n/a | n/a |
| Manitowoc MTW | United States | $808M | -3% | +9% | 3% | 16.2× | 11.2% | +9.2% |
| Greenworks (Jiangsu) 301260.SZ | China | $804M | -35% | -1% | -8% | 19.1× | n/a | n/a |
| Gemac Engineering Machinery 301048.SZ | China | $801M | -8% | +7% | 8% | n/a | 4.1% | +4.0% |