September 2026
Largest Energy Equipment Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
Doosan Enerbility, Hyosung Heavy Industries, HD Korea Shipbuilding & Offshore Engineering, CS Wind and Lumir.
 | Doosan Enerbility Co Ltd is engaged in providing integrated energy and industrial solutions, offering equipment and services across power generation, desalination, and related infrastructure. The company operates three reportable segments: the Doosan Bobcat segment, which manufactures and sells compact construction equipment, portable power products, and material-handling machines; the Doosan Energy segment, which focuses on power generation facilities, desalination plants, casting and forging, and construction services; and the Doosan Fuel Cell segment, which supplies fuel-cell systems for power generation along with long-term maintenance services. It generates the majority of its revenue from the Doosan Bobcat segment. | $62 | +38% | $39B | $46B | 3.7x | 56.6x | ||
| Hyosung Heavy Industries Co Ltd provides technology solutions in the field of heavy electric power and develops industrial machinery. The company is involved in various construction projects such as housing, redevelopment and reconstruction. The company also offers welding solutions, gear solutions, and system and engineering solutions. | $2,111 | +121% | $20B | $20B | 4.6x | 37.3x | ||
| HD Korea Shipbuilding & Offshore Engineering is a shipbuilding company engaged in shipbuilding, marine plant development, green energy solutions, engine manufacturing, and other related engineering businesses. Its Green Energy operations focus on renewable projects such as solar power, while the Marine Plant segment handles the manufacture and installation of offshore structures, floating oil production units, and power generation facilities. The Shipbuilding segment produces crude oil carriers, container ships, product carriers, LNG carriers, and naval vessels. The Engine segment manufactures marine engines, diesel power generation units, pumps, and fluid machinery, and the Others segment covers gas eco-friendly systems and related technologies. | $245 | -17% | $17B | $12B | 0.6x | 4.2x | ||
| CS Wind Corp is involved in the business of developing wind farms and wind power generation. It has divided its business into Onshore, Offshore, Others and Plant equipment departments. The firm's products and services include wind tower, transition piece, internal tower and plant equipment. It has production bases in Vietnam, China, Canada, and the UK. | $36 | +22% | $1.5B | $2.1B | 1.0x | 10.5x | ||
| Lumir Inc is engaged in the manufacturing of SAR satellite systems capable of day and night all-weather Earth observation in the space industry, satellite image/information services, electrical equipment related to artificial satellites, and solenoids for large ships, which are civilian devices utilizing space technology. Its products include the Satellite manufacturing sector, the Satellite service sector, and the Civil equipment sector. | $5 | -19% | $91M | $69M | 9.0x | 201.2x | ||
| Median | $62 | +22% | $17B | $12B | 3.7x | 37.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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