Valuation trends in Hanwha Ocean stock forecast skew higher given the sustainable order book exceeding KRW 10 trillion, with analysts adjusting DCF models accordingly. Hanwha Ocean, trading at ₩83,000, is 12.1% below its estimated fair value of ₩94,405.98, suggesting potential undervaluation based on cash flows. Earnings are forecast to grow significantly by 22.9% annually over the next three years, outpacing the KR market average of 20.8%. Recent Q1 results showed sales increased to ₩3.14 trillion from ₩2.28 trillion year-on-year with net income rising substantially to ₩215.69 billion from ₩51.03 billion a year ago. To take advantage of this upside momentum in the defense industry market, the company will focus on securing production bases in strategic markets and forming strategic partnerships with local companies. Industry data supporting Hanwha Ocean stock forecast show an ASEAN ship order surge, which could add KRW 200 billion to the backlog, partially priced in by current valuations.
