- HD KSOE posted an operating profit of 160.2 billion won for the first quarter of 2024, surpassing the estimate of 136.2 billion won.
- The operating profit significantly improved from the 58.5 billion won reported in the same period last year.
- The company’s net income for the first quarter stood at 188.9 billion won, marking a remarkable turnaround from the 84.6 billion won loss noted in the same period in the previous year.
- The net income also greatly exceeded the experts’ estimate of 73.08 billion won.
- Total sales for this period were reported at 5.52 trillion won, up by 14% y/y.
- The sales figure was also higher than the estimated 5.36 trillion won.
- The company received 12 buy ratings, one hold rating and no sell ratings from analysts.
A look at HD Korea Shipbuilding & Offshore Engineering Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
HD Korea Shipbuilding & Offshore Engineering Co., Ltd., a prominent player in the shipbuilding and offshore industry, is poised for a promising long-term outlook according to the Smartkarma Smart Scores. With strong scores in Value, Growth, Resilience, and Momentum, the company appears well-positioned to thrive in the market. While the Dividend score is lower, the overall positive outlook on key factors bodes well for HD Korea Shipbuilding & Offshore Engineering.
Operating globally, HD Korea Shipbuilding & Offshore Engineering specializes in industrial plant engineering, special and naval shipbuilding, marine engine and machinery, as well as industrial machinery and energy services. With solid scores across multiple critical areas, the company showcases its potential for sustained growth and resilience in the competitive industry landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
