Financials Hyundai Corporation

Equities

A011760

KR7011760006

Diversified Industrial Goods Wholesale

End-of-day quote Korea S.E. 23:00:00 04/07/2024 BST 5-day change 1st Jan Change
21,850 KRW +1.86% Intraday chart for Hyundai Corporation -2.89% +15.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 226,595 191,575 201,784 194,578 226,767 262,440 - -
Enterprise Value (EV) 2 692.7 432.2 201.8 501.5 641.5 604.9 546.4 491.9
P/E ratio 13.9 x 4.01 x 5.34 x 2.47 x 2.71 x 2.86 x 3.11 x 3.16 x
Yield 3.35% 3.76% 3.57% 3.7% 3.18% 2.95% 3.03% 3.11%
Capitalization / Revenue 0.05 x 0.07 x 0.05 x 0.03 x 0.03 x 0.04 x 0.04 x 0.04 x
EV / Revenue 0.16 x 0.15 x 0.05 x 0.08 x 0.1 x 0.09 x 0.08 x 0.07 x
EV / EBITDA 14.3 x 11.1 x 4.9 x 6.82 x 6.01 x 5.1 x 4.62 x 4.25 x
EV / FCF 5.26 x - - 1.32 x -9.06 x 4.69 x 6.04 x 5.86 x
FCF Yield 19% - - 75.8% -11% 21.3% 16.6% 17.1%
Price to Book 0.67 x 0.63 x 0.56 x 0.45 x 0.39 x 0.43 x 0.38 x 0.34 x
Nbr of stocks (in thousands) 12,659 12,011 12,011 12,011 12,011 12,011 - -
Reference price 3 17,900 15,950 16,800 16,200 18,880 21,450 21,450 21,450
Announcement Date 31/01/20 29/01/21 03/02/22 02/02/23 01/02/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,263 2,881 3,782 6,127 6,580 6,685 6,806 6,785
EBITDA 1 48.29 38.82 41.16 73.51 106.7 118.7 118.3 115.7
EBIT 1 43.52 33.24 35.07 66.83 99.42 111.6 111.8 109.7
Operating Margin 1.02% 1.15% 0.93% 1.09% 1.51% 1.67% 1.64% 1.62%
Earnings before Tax (EBT) 1 16.75 53.86 56.24 90.08 109.7 115.7 112 109.7
Net income 1 16.36 49.31 37.79 77.19 83.45 95.8 87.67 86
Net margin 0.38% 1.71% 1% 1.26% 1.27% 1.43% 1.29% 1.27%
EPS 2 1,292 3,980 3,146 6,554 6,968 7,490 6,896 6,779
Free Cash Flow 3 131,699 - - 379,877 -70,801 129,000 90,500 84,000
FCF margin 3,089.09% - - 6,200.08% -1,075.93% 1,929.66% 1,329.77% 1,238.09%
FCF Conversion (EBITDA) 272,732.14% - - 516,758.83% - 108,707.86% 76,478.88% 72,622.48%
FCF Conversion (Net income) 805,180.98% - - 492,116.05% - 134,655.53% 103,231.94% 97,674.42%
Dividend per Share 2 600.0 600.0 600.0 600.0 600.0 633.3 650.0 666.7
Announcement Date 31/01/20 29/01/21 03/02/22 02/02/23 01/02/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,176 1,278 1,595 1,706 1,548 1,771 1,547 1,688 1,575 1,613 1,716 1,695 1,661
EBITDA - - - - - - - - - - - - -
EBIT 1 10.56 14.54 20.85 22.93 8.511 25.68 27.02 26.82 19.81 28.05 30.17 27.47 25.87
Operating Margin 0.9% 1.14% 1.31% 1.34% 0.55% 1.45% 1.75% 1.59% 1.26% 1.74% 1.76% 1.62% 1.56%
Earnings before Tax (EBT) 1 16.17 32.9 36.81 50.2 -29.37 35.98 32 29.76 11.67 37.57 32.47 22.77 22.9
Net income 1 10.48 24.34 26.62 49.26 -21.51 27.2 24.47 22.24 9.779 34.74 27.6 18.7 16.05
Net margin 0.89% 1.9% 1.67% 2.89% -1.39% 1.54% 1.58% 1.32% 0.62% 2.15% 1.61% 1.1% 0.97%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 03/02/22 28/04/22 02/08/22 01/11/22 02/02/23 02/05/23 31/07/23 27/10/23 01/02/24 30/04/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 466 241 - 307 415 343 284 230
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 9.652 x 6.199 x - 4.175 x 3.889 x 2.886 x 2.4 x 1.984 x
Free Cash Flow 2 131,699 - - 379,877 -70,801 129,000 90,500 84,000
ROE (net income / shareholders' equity) 8.59% 15% 11.2% 19.2% 16.4% 15.4% 12.5% 10.8%
ROA (Net income/ Total Assets) 2.43% 3.7% 2.58% 4.45% 4.3% 4.8% 4.7% 4.53%
Assets 1 673.4 1,333 1,463 1,735 1,940 1,996 1,865 1,897
Book Value Per Share 3 26,881 25,273 30,061 36,053 48,070 50,157 56,617 62,964
Cash Flow per Share 3 11,104 11,368 -28,706 32,177 -5,823 8,357 6,631 6,151
Capex 1 8.88 2.3 6.36 6.58 0.86 4.5 5 5
Capex / Sales 0.21% 0.08% 0.17% 0.11% 0.01% 0.07% 0.07% 0.07%
Announcement Date 31/01/20 29/01/21 03/02/22 02/02/23 01/02/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
21,450 KRW
Average target price
31,667 KRW
Spread / Average Target
+47.63%
Consensus

Quarterly revenue - Rate of surprise

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