Hyosung Heavy Industries (298040)
효성중공업 · KOSPI · Transformers and heavy electrical equipment
KOSPI · Price as of · Delayed Quote · Converted at ₩1342 per dollar
- Code298040
- ExchangeKOSPI
- Korean name효성중공업
- Quoted inKorean won
- US listingNone
- Analysts19
- Implied upside+47.6%
- Target range₩3,400,000 to ₩5,300,000
- Target in dollars$3,139
Reported fundamentals
There is no stock score on this page. The score is computed from audited XBRL filings on SEC EDGAR and includes a 20-point insider component built from Form 4s, and a Korean company files neither, so a grade here would be measuring something different from the same letter on a US hub. These are the reported figures instead.
| Revenue | ₩6.0T ($4.4B) | +21.9% against the prior year |
| Net income | ₩519.9B ($387.3M) | 8.7% net margin |
| Capital spending | ₩178.5B | 3.0% of revenue |
| Shares outstanding | 9,311,741 | +0.0% 2022 to 2025, flat |
| Cash | ₩636.0B ($473.7M) | Current ratio 0.9 |
| Total debt | ₩688.3B ($512.7M) | Debt to equity 25.2 |
| Forward P/E | 23.3 | On analyst estimates, not on reported earnings |
Hyosung Heavy Industries closed at ₩2,854,000 on Sep 11, down 1.3% since Aug 12. Daily closes on the KOSPI, in won. Source: Yahoo Finance.
What Hyosung Heavy Industries does
Hyosung Heavy Industries builds transformers, circuit breakers and other heavy electrical equipment, and it also has a construction business. The electrical side sells into grid projects at home and abroad, with North America an important export market.
Transformers are the bottleneck people point at when they say the grid cannot absorb new data center load quickly. Capacity is finite, the plants that make the largest units are few, and orders placed now are delivered years out. That backlog is the attraction and it is also the risk: an order book stretching that far ahead was priced under assumptions about cost that can move before the equipment ships.
Hyosung Heavy Industries has no US listing. Buying the shares means buying the Seoul line, which most US brokerage accounts cannot do directly.
Hyosung Heavy Industries coverage
Korea's Hyosung Heavy Industries (298040) is pushing to power America's AI data centers. The stock rose 8.5% on Monday.
Korea's Hyosung Heavy Industries is expanding its push to supply power equipment to US AI data centers. Its shares rose 8.5% in Seoul on Monday, closing just below 3 million won, and North America is now 57% of its order backlog.
Verizon's Corning fiber deal sent Korean optical stocks soaring, even with no Korean supplier named
Mercury and Wooriro closed at their 30 percent daily limit in Seoul on Wednesday after Verizon and Corning announced a large US optical fiber contract. The announcement names no Korean supplier. Taihan Fiberoptics, which has disclosed 864-core cable orders, posted the smallest gain of the six.
Korean nuclear stocks surge on reported $130 billion US reactor proposal
KEPCO E&C closed 16.6% higher on Tuesday and two Kosdaq suppliers hit their daily limit, after a report put eight large US reactors in Korea's investment package. The reactor design is still being negotiated.
SK Hynix stock costs $1,248 a share in Korea. Will it follow Samsung with a split?
SK Hynix (SKHY) shares closed at 1.73 million won ($1,248) on Friday. Chairman Chey Tae-won says he would consider a split if enough people ask, though the company's own CEO has downplayed the idea.
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Frequently asked questions
What is Hyosung Heavy Industries's stock code?
Hyosung Heavy Industries trades on the KOSPI in Seoul under the code 298040. Data providers usually write it as 298040.KS. The company has no US listing, so the Seoul line is the only place the shares trade.
Why is Hyosung Heavy Industries an AI stock?
Hyosung Heavy Industries builds transformers, circuit breakers and other heavy electrical equipment, and it also has a construction business. The electrical side sells into grid projects at home and abroad, with North America an important export market.
What do analysts expect for Hyosung Heavy Industries?
19 analysts covering Hyosung Heavy Industries have an average price target of ₩4,213,477 (about $3,139), which is +47.6% against the last close. Coverage of Korean listings is overwhelmingly domestic, so these are Korean brokerage estimates rather than the US sell-side names that cover an American chip stock.
Does Hyosung Heavy Industries file with the SEC?
No. Hyosung Heavy Industries is a Korean company listed in Seoul, so it reports to the Korea Exchange and the Financial Supervisory Service, not the SEC. That is why this page has no filings, Form 4 insider or congressional trading sections: those are built from EDGAR, which has nothing on a company that does not file there.