Stock Deep Dive · 2026-07-20
Doosan Enerbility (034020) closed at ₩64,800, down 7.03% on the day. Year-to-date return is -13.9%, sitting at 16% of its 52-week range. Listed in Seoul — for USD-based investors, KRW moves add an FX layer on top of the stock’s local return.
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Close
₩64,800
-7.03% · YTD -13.9%
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Market Cap
₩41.42T
Specialty Industrial Machinery
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Forward P/E
66.6x
PER 268.3x
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52-wk Range
16%
High ₩139,200 · Low ₩51,100
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🔍 At a Glance
Doosan Enerbility—part of the Doosan chaebol and a KOSPI heavyweight with newly-crossed 1 million shareholders—rode a wave of enthusiasm this year on gas turbine, SMR (including the new Rolls-Royce SMR win), and data-center power demand, with Q1 orders reportedly up 62%. But the stock has since cratered: -34.9% over one month and -7% today alone, now sitting near the bottom of its 52-week range (16th percentile) after an “earnings shock” tied to RSU compensation costs. Valuation remains extremely rich (PER 268x, forward PER 66.6x, EV/EBITDA 38.5x) against thin profitability (ROE 2.4%, operating margin 4.9%), even as 20 analysts hold a strong_buy consensus with an average target (₩140,479) implying substantial upside from ₩64,800.
🏢 How It Makes Money
Doosan Enerbility manufactures power-generation equipment—boilers, turbines, generators—and runs EPC for thermal plants, alongside newer energy solutions spanning wind, gas turbines, small modular reactors, hydrogen, and energy storage. It also earns from castings/forgings serving power, marine, and steel industries, seawater desalination, 3D printing, and broader construction (roads, bridges, industrial complexes).
📈 Quarterly Results — Is Business Growing?
| Quarter | Revenue | Op. Income | Net Income | Op. Margin |
|---|---|---|---|---|
| 25Q1 | ₩3.75T | ₩142.5B | ₩-68.9B | 3.8% |
| 25Q2 | ₩4.57T | ₩271.1B | ₩130.9B | 5.9% |
| 25Q3 | ₩3.88T | ₩137.1B | ₩-50.1B | 3.5% |
| 25Q4 | ₩4.86T | ₩212.1B | ₩72.8B | 4.4% |
| 26Q1 | ₩4.26T | ₩233.5B | ₩0.8B | 5.5% |
Latest-quarter revenue up +13.7% versus the same quarter a year ago.
💡 Korea Market 101
⚖️ Valuation — Cheap or Expensive?
| Metric | Value | How to read it |
|---|---|---|
| P/E (trailing) | 268.3x | Price vs last 12 months’ earnings |
| P/E (forward) | 66.6x | Price vs next 12 months’ expected earnings — growth hopes baked in |
| P/S | 2.4x | Price vs revenue — for high-growth names with thin profits |
| P/B | 5.3x | Price vs book value — below 1x means priced under liquidation value |
| EV/EBITDA | 38.5x | Enterprise value (incl. debt) vs cash generation |
Peer comparison
| Name | Mkt Cap | P/E | Fwd P/E | P/S |
|---|---|---|---|---|
| Doosan Enerbility | ₩41.42T | — | 66.6x | 2.4x |
| HD HYUNDAI HEAVY INDUSTRIES | ₩47.06T | — | 13.1x | 2.4x |
| Hanwha Ocean | ₩25.49T | — | 13.7x | 2.0x |
| GE Vernova Inc. | $284.26B | 31.0x | 43.0x | 7.2x |
💡 Korea Market 101
🎯 Street Consensus
- Price target (mean): ₩140,479
- Target high / low: ₩195,000 / ₩100,000
- Implied upside: +116.8%
- Rating: Strong Buy (1.4/5)
- Analysts covering: 20
💡 Korea Market 101
📉 Price Action — Technical Check
| Indicator | Value | How to read it |
|---|---|---|
| RSI (14d) | 21.7 | Above 70 overbought · below 30 oversold |
| vs 60-day MA | -35.9% | Above/below the medium-term trend |
| vs 200-day MA | -29.0% | Above/below the long-term trend |
| Golden/death cross | 50-day above 200-day (bullish alignment) | 50-day MA crossing above (golden) or below (death) the 200-day |
| Volume (vs 20d avg) | 0.9x | 2x+ means a spike in market attention |
💡 Korea Market 101
📰 Recent News
- Is It Too Late To Consider Buying Doosan Enerbility Co., Ltd. (KRX:034020)? — simplywall.st
- SK Hynix, Doosan Enerbility Surpass 1 Million Shareholders — 조선일보
- Samsung Securities Offers Shares of Samsung Electronics, Hyundai Motor, and Doosan Enerbility to New Customers — 아시아경제
- Doosan Enerbility Wins Rolls-Royce SMR Work: Q1 Orders Jump 62% Amid Data Center Push — Tech Times
- Doosan Enerbility stock surge drives earnings shock as RSU costs hit profits – CHOSUNBIZ — Chosunbiz
- PECC2 signs AiP for Cong Thanh LNG project — LNG Industry
💡 Korea Market 101
🔭 Scenarios & What to Watch
Bulls will watch whether SMR and gas-turbine order momentum (including LNG projects like Cong Thanh) converts into margin improvement at the next quarterly earnings, where RSU costs will again be scrutinized. RSI of 21.7 suggests oversold conditions, but price remains well below MA60 (-35.9%) and MA200 (-29.0%), so confirming a trend reversal is worth watching before assuming stabilization. USD-based investors should also monitor KRW moves, as FX swings can amplify or offset equity returns.
💡 Korea Market 101
📚 All stock analysis · More on Doosan Enerbility · Market report for this session
Auto-generated stock report · 2026-07-20 16:00 KST
For information only — a summary of public data, not a recommendation to buy or sell any security. Source data (Yahoo Finance and others) may be delayed or contain errors. All investment decisions are your own responsibility.
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