Samsung Heavy Industries Co., Ltd.
- 8,550.00 KRW
- +130.00
- +1.54%
South Korea
Apr 19, 2019Ticker
KRX(010140)Prev. close
8,420Market cap (KRW)
5,373.90BMarket cap (USD)
4,726.38MShares
630M
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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 2018 | KRW | USD |
| Revenue | 5,265.11B | 4,784.21M |
| Gross Profit | -78,795.94M | -71.59M |
| Operating income | -409,252.12M | -371.87M |
| Income before tax | -497,598.48M | -452.14M |
| Net income | -387,850.71M | -352.42M |
| EBITDA | -114,401.90M | -103.95M |
| Diluted EPS | -729.28 | -0.66 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 14,282.89B | 12,800.58M |
| Total liabilities | 7,536.61B | 6,754.44M |
| Total equity | 6,738.39B | 6,039.06M |
| Operating cash flow | 165,522.61M | 150.40M |
| Currency in KRW | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 12,879.06B | 9,714.44B | 10,414.18B | 7,901.23B | 5,265.11B |
| Gross Profit | 704,989.00M | -1,025.16B | 403,610.70M | -225,461.91M | -78,795.94M |
| Operating income | 183,019.97M | -1,501.90B | -147,199.51M | -524,163.79M | -409,252.12M |
| Income before tax | 190,454.70M | -1,461.15B | -68,545.69M | -463,899.24M | -497,598.48M |
| Net income | 149,224.54M | -1,205.41B | -121,231.32M | -338,779.13M | -387,850.71M |
| EBITDA | 467,676.25M | -1,197.97B | 169,798.18M | -209,683.96M | -114,401.90M |
| Diluted EPS | 542.08 | -4,598.70 | -433.05 | -830.39 | -729.28 |
| Dividends Per Share | 195.55 | 0 | 0 | 0 | 0 |
| Total Assets | 17,122.23B | 17,301.59B | 17,217.46B | 13,818.11B | 14,282.89B |
| Total liabilities | 11,549.07B | 13,035.84B | 10,942.15B | 8,020.66B | 7,536.61B |
| Total equity | 5,537.47B | 4,237.36B | 6,264.30B | 5,789.56B | 6,738.39B |
| Operating cash flow | -457,461.38M | 620,279.37M | -1,554.75B | 540,067.54M | 165,522.61M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 12,234.79M | 8,583.15M | 8,976.28M | 6,989.08M | 4,784.21M |
| Gross Profit | 669.72M | -905.78M | 347.88M | -199.43M | -71.59M |
| Operating income | 173.86M | -1,327.00M | -126.87M | -463.65M | -371.87M |
| Income before tax | 180.92M | -1,291.00M | -59.08M | -410.34M | -452.14M |
| Net income | 141.75M | -1,065.03M | -104.49M | -299.66M | -352.42M |
| EBITDA | 444.28M | -1,058.46M | 146.35M | -185.47M | -103.95M |
| Diluted EPS | 0.51 | -4.06 | -0.37 | -0.73 | -0.66 |
| Dividends Per Share | 0.18 | 0 | 0 | 0 | 0 |
| Total Assets | 15,577.70M | 14,755.52M | 14,255.22M | 12,907.48M | 12,800.58M |
| Total liabilities | 10,507.27M | 11,117.51M | 9,059.57M | 7,492.09M | 6,754.44M |
| Total equity | 5,037.96M | 3,613.80M | 5,186.54M | 5,408.02M | 6,039.06M |
| Operating cash flow | -434.57M | 548.04M | -1,340.08M | 477.72M | 150.40M |
Valuation Measures
| Dec 2018 | |
| PER | -- |
| ROA | -2.76% |
| ROE | -6.19% |
| Operating margin | -7.77% |
| Profit margin | -7.36% |
Key executives
- Chief Executive Officer & Director: Joon-Wu Nam
- MD & Head-Production Operations Team: Yeon-Kyung Choi
- Managing Director & Head-Finance: Dong-Seol Kim
- MD & Head-Chung Ang Research Institute: Boo-Ki Kim
- MD & Head-Production Technology Team: Jae-Kwang Eom
Shareholders
- Samsung Electronics Co., Ltd. (15.9%)
- National Pension Service of Korea (8.0%)
- Samsung Heavy Industries Co., Ltd. ESOA (8.0%)
- Samsung Heavy Industries Co., Ltd. (4.1%)
- Samsung Life Insurance Co., Ltd. (3.0%)
- Samsung Electro-Mechanics Co., Ltd. (2.1%)
- Samsung Asset Management Co., Ltd. (1.8%)
- BlackRock Fund Advisors (1.8%)
- The Vanguard Group, Inc. (1.8%)
- Dimensional Fund Advisors LP (1.3%)
Contact Details
- Website:http://shi.samsung.co.kr
- Address: 23 Pangyo-ro 227beon-gil, Bundang-gu, Seongnam, 13486, South Korea
- Phone: +82.31.5171.6104
Related Companies
- Daejung Offshore Wind Power Co., Ltd.
- Samsung Heavy Industries Co., Ltd. ESOA
- SM Solution Co. Ltd.
- Rongcheng Gaya Heavy Industries Co. Ltd.
- Samsung Heavy Industries (Rongcheng) Co. Ltd.
- Samsung Heavy Industries (Ningbo) Co. Ltd.
- Samsung (China) Investment Co., Ltd.
- Mustang Co. Ltd.
Competitors
- Hyundai Heavy Industries Co., Ltd.
- Hanjin Heavy Industries & Construction Co., Ltd
- Hyundai Mipo Dockyard Co., Ltd
- Daewoo Shipbuilding & Marine Engineering Co., Ltd
- McDermott International, Inc.
- CSBC Corp. Taiwan
- Gaztransport & Technigaz SA
- TechnipFMC Plc
- Hankuk Carbon Co., Ltd
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 19 Apr, 2019