Financials Hyundai Corporation

Equities

A011760

KR7011760006

Diversified Industrial Goods Wholesale

End-of-day quote Korea S.E. 06:00:00 2024-05-12 pm EDT 5-day change 1st Jan Change
21,700 KRW -0.46% Intraday chart for Hyundai Corporation +21.91% +14.94%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 226,595 191,575 201,784 194,578 226,767 255,834 - -
Enterprise Value (EV) 2 692.7 432.2 201.8 501.5 226.8 593.3 536.3 502.8
P/E ratio 13.9 x 4.01 x 5.34 x 2.47 x 2.71 x 2.83 x 3.13 x 3.3 x
Yield 3.35% 3.76% 3.57% 3.7% - 2.92% 3% 3.07%
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 0.03 x 0.09 x 0.08 x 0.08 x
EV / EBITDA 14.3 x 11.1 x 4.9 x 6.82 x 2.13 x 4.99 x 4.7 x 4.68 x
EV / FCF 5.26 x - - 1.32 x - 4.55 x 4.77 x 5.56 x
FCF Yield 19% - - 75.8% - 22% 21% 18%
Price to Book 0.67 x 0.63 x 0.56 x 0.45 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 21,700 21,700 21,700
Announcement Date 1/31/20 1/29/21 2/3/22 2/2/23 2/1/24 - - -
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 6,726 6,706 6,567
EBITDA 1 48.29 38.82 41.16 73.51 106.7 119 114 107.3
EBIT 1 43.52 33.24 35.07 66.83 99.42 112.2 107.8 102
Operating Margin 1.02% 1.15% 0.93% 1.09% 1.51% 1.67% 1.61% 1.55%
Earnings before Tax (EBT) 1 16.75 53.86 56.24 90.08 109.7 118.1 112.7 106.3
Net income 1 16.36 49.31 37.79 77.19 83.45 97.8 88.33 83.33
Net margin 0.38% 1.71% 1% 1.26% 1.27% 1.45% 1.32% 1.27%
EPS 2 1,292 3,980 3,146 6,554 6,968 7,657 6,941 6,575
Free Cash Flow 3 131,699 - - 379,877 - 130,500 112,500 90,500
FCF margin 3,089.09% - - 6,200.08% - 1,940.3% 1,677.6% 1,378.1%
FCF Conversion (EBITDA) 272,732.14% - - 516,758.83% - 109,663.87% 98,684.21% 84,316.77%
FCF Conversion (Net income) 805,180.98% - - 492,116.05% - 133,435.58% 127,358.5% 108,600%
Dividend per Share 2 600.0 600.0 600.0 600.0 - 633.3 650.0 666.7
Announcement Date 1/31/20 1/29/21 2/3/22 2/2/23 2/1/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 1,038 1,176 1,278 1,595 1,706 1,548 1,771 1,547 1,688 1,575 1,613 1,715 1,713 1,685
EBITDA - - - - - - - - - - - - - -
EBIT 1 10.77 10.56 14.54 20.85 22.93 8.511 25.68 27.02 26.82 19.81 28.05 30.17 27.8 25.87
Operating Margin 1.04% 0.9% 1.14% 1.31% 1.34% 0.55% 1.45% 1.75% 1.59% 1.26% 1.74% 1.76% 1.62% 1.54%
Earnings before Tax (EBT) 1 15.83 16.17 32.9 36.81 50.2 -29.37 35.98 32 29.76 11.67 37.57 31.47 24.77 24.57
Net income 1 10.33 10.48 24.34 26.62 49.26 -21.51 27.2 24.47 22.24 9.779 34.74 26.6 20.7 18.05
Net margin 1% 0.89% 1.9% 1.67% 2.89% -1.39% 1.54% 1.58% 1.32% 0.62% 2.15% 1.55% 1.21% 1.07%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/3/21 2/3/22 4/28/22 8/2/22 11/1/22 2/2/23 5/2/23 7/31/23 10/27/23 2/1/24 4/30/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 466 241 - 307 - 338 281 247
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 9.652 x 6.199 x - 4.175 x - 2.836 x 2.461 x 2.301 x
Free Cash Flow 2 131,699 - - 379,877 - 130,500 112,500 90,500
ROE (net income / shareholders' equity) 8.59% 15% 11.2% 19.2% 16.4% 15.7% 12.5% 10.5%
ROA (Net income/ Total Assets) 2.43% 3.7% 2.58% 4.45% - 4.93% 4.77% 4.47%
Assets 1 673.4 1,333 1,463 1,735 - 1,982 1,853 1,866
Book Value Per Share 3 26,881 25,273 30,061 36,053 - 50,310 56,811 62,972
Cash Flow per Share 3 11,104 11,368 -28,706 32,177 - 8,357 6,631 6,151
Capex 1 8.88 2.3 6.36 6.58 - 5 5 4.5
Capex / Sales 0.21% 0.08% 0.17% 0.11% - 0.07% 0.07% 0.07%
Announcement Date 1/31/20 1/29/21 2/3/22 2/2/23 2/1/24 - - -
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
21,700 KRW
Average target price
29,667 KRW
Spread / Average Target
+36.71%
Consensus

Quarterly revenue - Rate of surprise

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