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Hyundai Heavy Industries Co., Ltd.
- 136,500.00 KRW
- -3,000.00
- -2.15%
South Korea
Jan 18, 2019Ticker
KRX(009540)Prev. close
139,500Market cap (KRW)
9,872.85BMarket cap (USD)
8,800.50MShares
70.77M
In the news
- Chinese and South Korean support for shipbuilders irks Japan May 24, 2018
- Nikkei Asia300 Index rebounds as energy companies advance Mar 6, 2018
- The quiet king of Japanese shipbuilding expands its empire Feb 11, 2018
- Cyclical businesses hit hardest by Asian stock market rout Feb 6, 2018
- Stocks fall across Asia as Nikkei index closes down 2.5% Feb 5, 2018 See more articles on Hyundai Heavy Industries Co., Ltd.
Company Background
South Korea's Hyundai Heavy Industries is one of the world's largest shipbuilders. It is also involved in oil refining through its subsidiary, Hyundai Oilbank. The company is one of the largest manufacturers in South Korea after Samsung Electronics, Hyundai Motor and others, with annual sales of around 50 trillion won.
Shipbuilding and oil refining are the company's two main sources of revenue. It also conducts business in areas such as offshore and engineering, construction equipment and electro electric systems.
The company's specialization in high-value-added vessels such as liquefied natural gas carriers and drill ships propelled it to the top of the shipbuilding industry in terms of volume years ago. Earnings, however, are precarious because of increased competition from Chinese rivals since the 2008 global financial crisis.
In the year ended December 2014, the company logged its biggest operating loss since its 1973 founding. It is now implementing structural reforms such as consolidating its group businesses, cutting jobs and reducing salaries. Unlike Hyundai Motor, which has a powerful labor union, relations between staff and management at Hyundai Heavy Industries are favorable. However, its unionized workers in 2014 staged their first strike in about 20 years to protest against the structural reforms.
Chung Mong-joon, the sixth son of the Hyundai conglomerate founder Chung Ju-yung, is the company's major shareholder. Chung, who has also served as chairman of the Korea Football Association and a member of the National Assembly, has decisive influence over the management of the company. Chung is expected to pass the baton to his son in the future.
Business Summary
Financial Highlights
| Dec 2017 | KRW | USD |
| Revenue | 15,468.83B | 13,683.05M |
| Gross Profit | 999,239.51M | 883.88M |
| Operating income | -1,458.37M | -1.29M |
| Income before tax | -26,905.46M | -23.79M |
| Net income | -193,108.34M | -170.81M |
| EBITDA | 442,998.63M | 391.85M |
| Diluted EPS | -1,902.65 | -1.68 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 30,408.84B | 28,404.88M |
| Total liabilities | 18,465.39B | 17,248.51M |
| Total equity | 10,692.85B | 9,988.18M |
| Operating cash flow | 978,574.01M | 865.60M |
| Currency in KRW | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 54,188.09B | 52,582.40B | 46,231.71B | 22,300.43B | 15,468.83B |
| Gross Profit | 3,166.21B | -810,113.57M | 1,455.73B | 1,932.18B | 999,239.51M |
| Operating income | 766,067.01M | -3,227.74B | -1,548.57B | 391,985.68M | -1,458.37M |
| Income before tax | 144,293.33M | -3,105.04B | -1,841.41B | 96,027.01M | -26,905.46M |
| Net income | 278,705.51M | -1,769.92B | -1,370.20B | -42,967.51M | -193,108.34M |
| EBITDA | 1,747.21B | -2,209.57B | -480,336.18M | 847,265.68M | 442,998.63M |
| Diluted EPS | 6,452.50 | -40,974.09 | -31,129.77 | 11,209.73 | -1,902.65 |
| Dividends Per Share | 2,556.96 | 2,556.96 | -- | -- | 0 |
| Total Assets | 53,204.97B | 53,384.41B | 49,732.83B | 49,249.17B | 30,408.84B |
| Total liabilities | 34,175.37B | 37,174.43B | 34,662.46B | 31,788.01B | 18,465.39B |
| Total equity | 17,249.59B | 14,745.19B | 13,307.53B | 15,507.86B | 10,692.85B |
| Operating cash flow | 2,617.59B | 1,691.67B | -680,519.06M | 2,055.03B | 978,574.01M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 49,497.57M | 49,952.01M | 40,847.82M | 19,221.37M | 13,683.05M |
| Gross Profit | 2,892.14M | -769.58M | 1,286.20M | 1,665.40M | 883.88M |
| Operating income | 699.75M | -3,066.28M | -1,368.23M | 337.86M | -1.29M |
| Income before tax | 131.80M | -2,949.71M | -1,626.97M | 82.76M | -23.79M |
| Net income | 254.58M | -1,681.38M | -1,210.63M | -37.03M | -170.81M |
| EBITDA | 1,595.97M | -2,099.04M | -424.39M | 730.28M | 391.85M |
| Diluted EPS | 5.89 | -38.92 | -27.50 | 9.66 | -1.68 |
| Dividends Per Share | 2.33 | 2.42 | -- | -- | 0 |
| Total Assets | 50,414.52M | 48,568.81M | 42,414.25M | 40,775.93M | 28,404.88M |
| Total liabilities | 32,382.98M | 33,821.07M | 29,561.60M | 26,318.93M | 17,248.51M |
| Total equity | 16,344.90M | 13,415.08M | 11,349.22M | 12,839.76M | 9,988.18M |
| Operating cash flow | 2,391.01M | 1,607.05M | -601.26M | 1,771.29M | 865.60M |
Valuation Measures
| Dec 2017 | |
| PER | -- |
| ROA | -0.48% |
| ROE | -1.47% |
| Operating margin | -0.00% |
| Profit margin | -1.24% |
Key executives
- Vice Chairman & Co-Chief Executive Officer: Oh-Gap Kwon
- President, Co-Chief Executive Officer & Director: Hwan-Goo Kang
- President & Director: Sam-Hyeon Gah
- Chief Financial Officer: Young-Chul Cho
- Vice President & Head-Compliance Management: Sea-Heon Oh
Shareholders
- Hyundai Heavy Industries Holdings Co., Ltd. (30.9%)
- National Pension Service of Korea (8.9%)
- KCC Corp. (5.8%)
- Hyundai Motor Co., Ltd. (2.4%)
- Asan Foundation (2.3%)
- The Vanguard Group, Inc. (1.5%)
- BlackRock Fund Advisors (1.3%)
- Samsung Asset Management Co., Ltd. (0.7%)
- Dimensional Fund Advisors LP (0.6%)
- Norges Bank Investment Management (0.6%)
Contact Details
- Website:http://www.hhi.co.kr
- Address: 1000 Bangeojin Sunhwan-doro, Dong-gu, Ulsan, 44032, South Korea
- Phone: +82.52.202.2114
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- PT Hyundai Machinery Indonesia
- Hyundai Energy & Resources Co., Ltd.
- Yantai Hyundai Heavy Industries Co. Ltd.
- Hyundai Construction Equipment Maroc SARL
- Hyundai Heavy Industries
- Hyundai Construction Equipment Australia Pty Ltd.
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- Hyundai Heavy Industries France
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- Hyundai Fiber Co., Ltd.
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Competitors
- ABB Ltd.
- Wartsila Oyj Abp
- Caterpillar Inc.
- Doosan Infracore Co., Ltd
- Samsung Heavy Industries Co., Ltd
- McDermott International, Inc.
- TechnipFMC Plc
- Daewoo Shipbuilding & Marine Engineering Co., Ltd
- SK Innovation Co., Ltd
- Siemens AG
- China CSSC Holdings Limited Class A
- Doosan Heavy Industries & Construction Co., Ltd.
- MAN SE
- Komatsu Ltd.
- Hyosung Corporation
- China Shipbuilding Industry Company Limited Class A
- Mitsui & Co.,Ltd
- SolarWorld AG
- Loncin Motor Co., Ltd. Class A
- STX Corporation
- JFE Holdings, Inc.
- Hanwha Corp
- GS Holdings Corp.
- S-Oil Corporation
- Saipem S.p.A.
- Hyundai Engineering & Construction Co., Ltd
- LG Corp
- SAMSUNG C&T CORP
- Alstom SA
- Doosan Corporation
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