Financials Kia Corporation

Equities

A000270

KR7000270009

Auto & Truck Manufacturers

End-of-day quote Korea S.E. Other stock markets 20/01/2025			5-day change	1st Jan Change
101,000.00 ^KRW	-0.49%		-4.17%	+0.30%

05:03am	Global companies likely to be affected by Trump's promised tariffs	RE
01-17	Kia India Begins Mass Production of Syros SUV	MT

Projected Income Statement: Kia Corporation

income-statement-evolution-chart KIA-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	58,146	59,168	69,862	86,559	99,808	107,113	111,231	116,527
Change	-	1.76%	18.07%	23.9%	15.31%	7.32%	3.84%	4.76%
EBITDA ¹	4,139	4,286	7,287	9,656	13,961	15,399	15,588	15,961
Change	-	3.55%	70.01%	32.51%	44.59%	10.29%	1.23%	2.39%
EBIT ¹	2,010	2,066	5,066	7,233	11,608	12,876	12,785	13,026
Change	-	2.83%	145.14%	42.79%	60.48%	10.92%	-0.7%	1.88%
Interest Paid ²	-188,711	-234,524	-169,895	-232,983	-181,948	-135,000	-117,500	-117,167
Earnings before Tax (EBT) ¹	2,531	1,841	6,394	7,502	12,677	14,159	14,259	14,742
Change	-	-27.25%	247.23%	17.33%	68.99%	11.69%	0.7%	3.38%
Net income ¹	1,827	1,503	4,760	5,409	8,777	10,291	10,252	10,728
Change	-	-17.73%	216.79%	13.63%	62.25%	17.25%	-0.38%	4.65%
Announcement Date	22/01/20	27/01/21	26/01/22	27/01/23	24/01/24	-	-	-

¹KRW in Billions²KRW in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	16,105	14,567	11,369	16,322	16,911	16,582	18,339	17,753	17,188	18,357	21,876	23,162	23,164	23,691	26,244	25,545	24,328	26,213	27,568	26,520	26,617	27,353	28,766	28,032	27,805	31,133	32,598	31,206
Change	-	-9.55%	-21.95%	43.57%	3.61%	-1.94%	10.6%	-3.2%	-3.18%	6.8%	19.17%	5.88%	0.01%	2.27%	10.78%	-2.66%	-4.77%	7.75%	5.17%	-3.8%	0.37%	2.76%	5.17%	-2.55%	-0.81%	11.97%	4.71%	-4.27%
EBITDA ¹	1,130	982.3	707.3	760.2	1,836	1,639	2,047	1,904	1,697	-	2,841	1,388	-	3,468	-	-	-	4,039	4,270	3,511	3,486	3,845	3,991	3,323	3,787	-	-	-
Change	-	-13.06%	-28%	7.48%	141.54%	-10.72%	24.86%	-6.98%	-10.89%	-100%	-	-51.15%	-100%	-	-100%	-	-	-	5.72%	-17.77%	-0.71%	10.3%	3.8%	-16.74%	13.96%	-100%	-	-
EBIT ¹	590.5	444.5	145	195	1,282	1,076	1,487	1,327	1,175	1,606	2,234	768.2	2,624	2,874	3,403	2,865	2,466	3,426	3,644	2,881	2,866	3,364	3,474	3,057	3,152	3,860	4,107	3,869
Change	-	-24.73%	-67.38%	34.48%	557.23%	-16.01%	38.16%	-10.77%	-11.45%	36.71%	39.07%	-65.61%	241.61%	9.51%	18.41%	-15.81%	-13.94%	38.93%	6.37%	-20.93%	-0.55%	17.41%	3.27%	-12.01%	3.09%	22.49%	6.4%	-5.79%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	484.9	282	211	232	1,116	1,319	1,838	1,606	1,631	1,518	2,624	730	2,630	3,142	3,682	3,327	2,526	3,785	4,040	3,232	3,234	3,834	4,071	3,551	3,557	4,258	4,570	4,286
Change	-	-41.85%	-25.16%	9.95%	381.09%	18.2%	39.29%	-12.59%	1.52%	-6.91%	72.86%	-72.18%	260.3%	19.46%	17.19%	-9.66%	-24.06%	49.8%	6.75%	-20%	0.07%	18.55%	6.17%	-12.76%	0.17%	19.71%	7.32%	-6.21%
Net income ¹	346.4	266	126	134	976.8	1,035	1,343	1,135	1,248	1,033	1,881	458.7	2,037	2,120	2,817	2,220	1,620	2,808	2,957	2,268	2,304	2,726	2,848	2,545	2,497	3,151	3,382	3,171
Change	-	-23.21%	-52.63%	6.35%	628.92%	5.97%	29.75%	-15.5%	9.97%	-17.23%	82.14%	-75.61%	344.06%	4.06%	32.91%	-21.18%	-27.03%	73.31%	5.31%	-23.31%	1.61%	18.29%	4.47%	-10.63%	-1.88%	26.2%	7.32%	-6.21%
Announcement Date	22/01/20	24/04/20	23/07/20	26/10/20	27/01/21	22/04/21	22/07/21	27/10/21	26/01/22	25/04/22	22/07/22	25/10/22	27/01/23	26/04/23	27/07/23	27/10/23	24/01/24	26/04/24	26/07/24	25/10/24	-	-	-	-	-	-	-	-

¹KRW in Billions

Estimates

Forecast Balance Sheet: Kia Corporation

balance-sheet-analysis-chart KIA-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-2,423	-2,907	-8,195	-5,978	-16,733	-19,417	-25,371	-31,913
Change	-	-219.98%	-381.91%	-172.95%	-379.91%	-216.04%	-230.66%	-225.79%
Announcement Date	22/01/20	27/01/21	26/01/22	27/01/23	24/01/24	-	-	-

¹KRW in Billions

Estimates

Cash Flow Forecast: Kia Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,736	1,662	1,320	1,495	2,335	3,090	3,066	3,095
Change	-	-4.3%	-20.6%	13.27%	56.24%	32.31%	-0.78%	0.97%
Free Cash Flow (FCF) ¹	1,874,172	3,761,998	6,040,147	7,838,584	8,961,366	9,199,099	9,733,839	10,023,194
Change	-	100.73%	60.56%	29.77%	14.32%	2.65%	5.81%	2.97%
Announcement Date	22/01/20	27/01/21	26/01/22	27/01/23	24/01/24	-	-	-

¹KRW in Million

Estimates

Forecast Financial Ratios: Kia Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	7.12%	7.24%	10.43%	11.16%	13.99%	14.38%	14.01%	13.7%
EBIT Margin (%)	3.46%	3.49%	7.25%	8.36%	11.63%	12.02%	11.49%	11.18%
EBT Margin (%)	4.35%	3.11%	9.15%	8.67%	12.7%	13.22%	12.82%	12.65%
Net margin (%)	3.14%	2.54%	6.81%	6.25%	8.79%	9.61%	9.22%	9.21%
FCF margin (%)	3,223.22%	6,358.15%	8,645.78%	9,055.77%	8,978.57%	8,588.19%	8,751.01%	8,601.61%
FCF / Net Income (%)	102,601.09%	250,346.91%	126,881.85%	144,905.94%	102,100.91%	89,389%	94,947.51%	93,426.47%
Profitability
ROA	3.41%	2.59%	7.48%	7.7%	11.37%	12.04%	10.82%	10.14%
ROE	6.5%	5.1%	14.69%	14.57%	20.44%	20.4%	17.69%	16.1%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.99%	2.81%	1.89%	1.73%	2.34%	2.88%	2.76%	2.66%
CAPEX / EBITDA (%)	41.95%	38.78%	18.11%	15.48%	16.73%	20.07%	19.67%	19.39%
CAPEX / FCF (%)	0.09%	0.04%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
Items per share
Cash flow per share ¹	9,006	13,528	18,357	23,283	28,531	33,804	30,292	31,774
Change	-	50.22%	35.69%	26.83%	22.54%	18.48%	-10.39%	4.89%
Dividend per Share ¹	1,150	1,000	3,000	3,500	5,600	6,464	6,508	6,710
Change	-	-13.04%	200%	16.67%	60%	15.43%	0.68%	3.1%
Book Value Per Share ¹	72,277	74,556	87,077	98,135	117,576	137,252	156,875	177,486
Change	-	3.15%	16.79%	12.7%	19.81%	16.73%	14.3%	13.14%
EPS ¹	4,556	3,710	11,874	13,495	22,168	25,871	25,894	27,024
Change	-	-18.57%	220.05%	13.65%	64.27%	16.7%	0.09%	4.36%
Nbr of stocks (in thousands)	400,931	400,931	400,931	400,931	395,082	389,649	389,649	389,649
Announcement Date	22/01/20	27/01/21	26/01/22	27/01/23	24/01/24	-	-	-