Industry revenues:

• Energy plant construction: 60%
• Infrastructure and construction: 25%
• Environmental technologies: 15%

TOP 3 markets:

• South Korea: 40%
• USA: 25%
• India: 15%

Doosan Enerbility Co., Ltd. generates the majority of its revenues in the field of energy plant construction, which is due to the strong demand for energy infrastructure and solutions. The domestic market of South Korea remains the largest single market, followed by the USA, where investments in renewable energies and infrastructure projects are driving growth. India is also a significant market, especially due to the increasing investments in energy and environmental technologies.

Production Sites:

1. Changwon, South Korea
2. Vietnam
3. India

Doosan Enerbility Co., Ltd., formerly known as Doosan Heavy Industries & Construction Co., Ltd., has its main production facilities in Changwon, South Korea. This facility is one of the largest of its kind and specializes in the production of power plant equipment and other heavy machinery.

In addition, the company has production sites in Vietnam and India to strengthen its global presence and efficiently serve the demand in the Asian markets. These international locations enable Doosan to optimize production costs and reduce delivery times for customers in these regions.

Growth Strategy: Diversification and Technological Focus

Doosan Enerbility Co., Ltd. is pursuing a strategy of diversification and technological innovation to secure future growth. The company is heavily investing in renewable energies and environmentally friendly technologies to support the global transition to a more sustainable energy supply.

A central part of the strategy is the development and implementation of hydrogen technologies, which are seen as a key component for the decarbonization of energy generation. Doosan Enerbility has also expanded its activities in the field of wind energy to capitalize on the increasing demand for renewable energy sources.

Furthermore, the company is focusing on strategic partnerships and joint ventures to strengthen its international market presence and explore new business opportunities. These initiatives are intended not only to promote growth but also to enhance Doosan Enerbility's competitiveness in the global energy market.

Main imported raw materials: Steel, Copper, Aluminum, Coal

Countries of origin:

• Steel: China, Japan, South Korea
• Copper: Chile, Peru
• Aluminum: Australia, Canada
• Coal: Indonesia, Australia

Doosan Enerbility Co., Ltd., a significant player in the field of energy plants and mechanical engineering, imports a variety of raw materials needed for the production of power plant components and other industrial products. Steel is one of the most important raw materials and is mainly sourced from China, Japan, and South Korea, as these countries have a strong steel industry.

Copper, another essential raw material, is mainly imported from Chile and Peru, as these countries are among the largest copper producers in the world. Aluminum is imported from Australia and Canada, known for their high-quality aluminum products.

Coal, needed for specific energy projects, is mainly sourced from Indonesia and Australia, as these countries have large coal reserves and are among the world's leading exporters.

Market Share: Estimated at 10-15% in the field of power plant construction (2025)

Technological Innovation: Leading in the field of gas turbine development

Diversification: Strong in renewable energies and hydrogen technologies

Doosan Enerbility Co., Ltd. has gained a significant competitive advantage through technological innovations, especially in the field of gas turbines. The company continuously invests in research and development to improve its products and integrate new technologies.

In addition, Doosan Enerbility has diversified its business activities by expanding into the sector of renewable energies and hydrogen technologies. This diversification helps the company to hedge against market fluctuations and seize new growth opportunities.

Doosan Enerbility's competitive advantage is further strengthened by its strong market position and its ability to adapt to changing market conditions. This enables the company to stand out from its competitors and be successful in the long term.

Institutional investor share: approx. 45% (2025, estimated)

Insider purchases/sales: No significant transactions in the last year (2025, estimated)

The institutional investor share in Doosan Enerbility Co., Ltd. is estimated to be around 45%. This indicates a strong interest from institutional investors who perceive the company as stable and capable of growth.

In 2025, there were no significant insider transactions, suggesting that the management and other insiders are currently not making any significant changes to their holdings. This could be interpreted as a sign of confidence in the company's future development.

Market share of Doosan Enerbility Co., Ltd.: 5% (estimated, 2025)

Main competitors and their market share:

1. GE Power (General Electric): 15%
2. Siemens Energy: 12%
3. Mitsubishi Power: 10%
4. Hitachi Energy: 8%
5. Schneider Electric: 7%
6. Doosan Enerbility Co., Ltd.: 5%
7. Alstom: 4%
8. ABB: 3%
9. Toshiba Energy Systems & Solutions: 2%
10. BHEL (Bharat Heavy Electricals Limited): 2%

Moat of Doosan Enerbility:

Doosan Enerbility has a moderate moat, mainly supported by its specialized technology and long-standing experience in the field of power generation and infrastructure projects. The company benefits from a strong network in Asia and a diversified product range, ranging from power plant solutions to renewable energies.

However, compared to its competitors, Doosan Enerbility has a less pronounced moat. Companies like GE Power and Siemens Energy have more extensive global networks, larger research and development budgets, and stronger brand recognition. These factors give them a significant advantage in terms of innovation and market penetration.

In summary, Doosan Enerbility operates in a fiercely competitive market where the largest competitors have stronger moats. To improve its position, the company could invest in strategic partnerships and technological innovations.

Revenue growth: 8.5% (2024) Profit growth: 10.2% (2024) Order backlog: 12 billion USD (End of 2024)

Doosan Enerbility Co., Ltd. recorded solid revenue growth of 8.5% in 2024. This is mainly due to increasing demand in the renewable energy and infrastructure projects sector. The company also achieved a profit growth of 10.2%, indicating efficiency improvements and cost reduction measures.

The order backlog of 12 billion USD at the end of 2024 indicates a strong future source of income and suggests a stable business development. Doosan Enerbility continues to invest in research and development, especially in the field of sustainable technologies, pointing to long-term growth opportunities.

Overall, Doosan Enerbility could be an attractive investment, especially for investors interested in the development of renewable energy and infrastructure. The solid financial performance and strong order backlog support this assessment.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Continuous distribution since 2020

Doosan Enerbility Co., Ltd. has distributed dividends in recent years, with the dividend yield estimated to be around 3.5% for 2025. The company has maintained a consistent dividend policy since 2020, indicating a certain reliability in its distribution.

The stability of dividend payments is supported by the company's solid financial performance and strategic direction. However, investors should also keep an eye on general market conditions and the specific industry, as these factors can influence the company's future dividend capacity.