Samsung Heavy Industries Co., Ltd.
In the news
- Mitsui E&S and Tsuneishi to operate jointly in shipbuilding Jul 31, 2020
- China's state-backed shipbuilders overcome coronavirus slump Jun 28, 2020
- South Korean shipbuilders land $20bn LNG tanker deals with Qatar Jun 3, 2020
- Petronas' oil shipping arm to introduce 'greener' tankers Dec 25, 2019
- South Korea targets hydrogen economy, from cars to cities Nov 4, 2019 See more articles on Samsung Heavy Industries Co., Ltd.
Company Background
Samsung Heavy Industries is one of South Korea's top-three shipbuilders, alongside Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. The company's strength is in high-value-added vessels, such as liquefied natural gas carriers, tankers and drill ships. It also makes offshore plants, such as floating production, storage and offloading systems.
The company was set up in 1974 by the Samsung group, South Korea's largest conglomerate. It is one of the largest shipbuilders in the world in terms of shipbuilding volume after the market leader Hyundai Heavy Industries. The company has increased orders for high-value-added vessels since the turn of the century.
In recent years, Samsung Heavy Industries has been boosting the number of orders it gets for its offshore plants, but it often gets saddled with construction delay charges. Improving the profitability of this business line is a pressing issue.
In September 2014, the company said it was planning to merge with Samsung Engineering, which focuses on onshore plants, to improve its technologies and streamline operations. The company, however, dropped the merger plan because buying back the shares of huge stockholders opposed to the deal proved too costly.
"We will give careful thought to the merger plan in view of market conditions and shareholders' opinions," a company representative said.
Business Summary
Financial Highlights
Dec 2021 | KRW | USD |
Revenue | 6,738.16B | 5,884.03M |
Gross Profit | -679,863.14M | -593.68M |
Operating income | -1,195.79B | -1,044.21M |
Income before tax | -1,348.00B | -1,177.13M |
Net income | -1,445.06B | -1,261.89M |
EBITDA | -996,447.87M | -870.13M |
Diluted EPS | -2,173.51 | -1.89 |
Dividends Per Share | 0 | 0 |
Total Assets | 12,138.59B | 10,211.22M |
Total liabilities | 8,041.32B | 6,764.52M |
Total equity | 4,111.04B | 3,458.29M |
Operating cash flow | 620,730.12M | 542.04M |
Currency in KRW | Currency in USD |
Historical Data
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 7,901.23B | 5,265.11B | 7,349.65B | 6,860.31B | 6,738.16B |
Gross Profit | -225,461.91M | -78,795.94M | 7,827.27M | -521,527.39M | -679,863.14M |
Operating income | -524,163.79M | -409,252.12M | -616,585.52M | -1,054.14B | -1,195.79B |
Income before tax | -463,899.24M | -497,598.48M | -1,139.24B | -1,472.47B | -1,348.00B |
Net income | -338,779.13M | -387,850.71M | -1,310.84B | -1,482.44B | -1,445.06B |
EBITDA | -209,683.96M | -114,401.90M | -299,626.00M | -771,685.62M | -996,447.87M |
Diluted EPS | -783.43 | -688.03 | -2,047.00 | -2,314.98 | -2,173.51 |
Dividends Per Share | 0 | 0 | 0 | 0 | 0 |
Total Assets | 13,818.11B | 14,282.89B | 13,600.08B | 12,922.17B | 12,138.59B |
Total liabilities | 8,020.66B | 7,536.61B | 8,351.15B | 9,203.93B | 8,041.32B |
Total equity | 5,789.56B | 6,738.39B | 5,245.24B | 3,724.21B | 4,111.04B |
Operating cash flow | 540,067.54M | 165,522.61M | -484,764.96M | 87,133.37M | 620,730.12M |
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 6,989.08M | 4,784.21M | 6,302.31M | 5,814.38M | 5,884.03M |
Gross Profit | -199.43M | -71.59M | 6.71M | -442.01M | -593.68M |
Operating income | -463.65M | -371.87M | -528.72M | -893.42M | -1,044.21M |
Income before tax | -410.34M | -452.14M | -976.90M | -1,247.98M | -1,177.13M |
Net income | -299.66M | -352.42M | -1,124.04M | -1,256.42M | -1,261.89M |
EBITDA | -185.47M | -103.95M | -256.92M | -654.03M | -870.13M |
Diluted EPS | -0.69 | -0.62 | -1.75 | -1.96 | -1.89 |
Dividends Per Share | 0 | 0 | 0 | 0 | 0 |
Total Assets | 12,907.48M | 12,800.58M | 11,760.20M | 11,895.58M | 10,211.22M |
Total liabilities | 7,492.09M | 6,754.44M | 7,221.37M | 8,472.74M | 6,764.52M |
Total equity | 5,408.02M | 6,039.06M | 4,535.64M | 3,428.35M | 3,458.29M |
Operating cash flow | 477.72M | 150.40M | -415.68M | 73.84M | 542.04M |
Valuation Measures
Dec 2021 | |
PER | -- |
ROA | -11.53% |
ROE | -36.88% |
Operating margin | -17.74% |
Profit margin | -21.44% |
Key executives
- Chief Executive Officer & Director: Joon-Wu Nam
- Managing Director & Head-Finance: Dong-Seol Kim
- Managing Director & Head-Technology: Jin-Taek Jeong
- Vice President & Head-Compliance Management: Hyun-Dong Lee
- Director & Head-Management Support: Jin-Han Bae
Shareholders
- Samsung Electronics Co., Ltd. (15.2%)
- Samsung Heavy Industries Co., Ltd. ESOA (6.2%)
- National Pension Service of Korea (6.0%)
- Samsung Heavy Industries Co., Ltd. (2.9%)
- Samsung Electro-Mechanics Co., Ltd. (2.9%)
- Samsung Life Insurance Co., Ltd. (2.9%)
- The Vanguard Group, Inc. (1.7%)
- BlackRock Fund Advisors (1.5%)
- Samsung Asset Management Co., Ltd. (1.4%)
- Dimensional Fund Advisors LP (0.6%)
Contact Details
- Website:http://shi.samsung.co.kr
- Address: 23 Pangyo-ro 227beon-gil, Bundang-gu, Seongnam, 13486, South Korea
- Phone: +82.31.5171.7000
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Competitors
- Hyundai Mipo Dockyard Co., Ltd
- Daewoo Shipbuilding & Marine Engineering Co., Ltd
- KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO.,LTD.
- Hyundai Heavy Industries Co., Ltd.
- Gaztransport & Technigaz SA
- HJ SHIPBUILDING & CONSTRUCTION CO. LTD
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Last Updated on 18 May, 2022Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.