매크로 컨텍스트

테마

Transformers & Distribution Infrastructure

핵심 동인

  • North America 765kV ultra-high voltage transformer export expansion
  • Heavy industries division OPM 20%+ achieved
  • Transformer lead times 3+ years → high backlog visibility
  • Surging power demand from data centers + renewables

리스크

  • Raw material price volatility (copper/silicon steel)
  • FX risk (KRW appreciation)
  • Execution risk from concentrated orders
  • Intensifying competition (HD Hyundai Electric)

애널리스트 컨센서스

최저 3,000,000 KRW최고 4,100,000 KRW
현재가컨센서스 목표가

2026. 6. 16. 기준

증권사애널리스트목표가투자의견
투자 기간: 12개월

모니터링 트리거

핵심 지표

  • North America transformer backlog
  • Heavy industries division operating margin
  • Quarterly revenue growth rate
  • Book-to-sales ratio (B/S ratio)

리뷰 트리거

  • Backlog declining trend
  • Operating margin drops below 15%
  • Raw material price spike

무효화 조건

  • Structural decline in North America transformer demand
  • Large-scale order cancellations
  • Loss of technology/cost advantage vs. competitors

노트 타임라인

진입
2026. 2. 22. · NewMoneyMoves AI

Consecutive earnings surprise in Q4 2025. Strong North America 765kV ultra-high voltage transformer exports confirmed. Heavy industries OPM stably maintained above 20%.

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Comments

생성: 2026. 2. 22.수정: 2026. 2. 24.가격 기준: 2026. 6. 16.