Hanwha Ocean Co., Ltd. operates as a shipbuilding and offshore contractor in South Korea and internationally. The company builds various vessels, offshore platforms, drilling rigs, floating oil production units, submarines, and destroyers.
Commercia…
Analysis
Hope premium
Hanwha Ocean Co., Ltd. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.
On valuation, the picture is expensive. The owner-earnings multiple stands at 30.3×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 12% a year, against analyst forecasts of 27%. The price, in other words, assumes less than the experts do.
Growth is solid; the safety picture is stretched. The company scores 18/20 on our value-creation score: strong value creator.
Flags to be aware of: Some accounting patterns deserve a closer look. The financial cushion is thinner than comfortable. Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202319
21
2023202420252026
All-time high
32
Mar 2026
All-time low
8
Jan 2025
Average rank
21
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
32
22
51
78
Price/Earnings
15
3
5
4
Price/Book
27
5
17
56
Dividend Yield
1
1
1
1
Value (overall)
4
3
7
5
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.