Financials HDC Hyundai Development Company

Equities

A294870

KR7294870001

Construction & Engineering

End-of-day quote Korea S.E. 18:00:00 2024-05-09 EDT 5-day change 1st Jan Change
17,700 KRW +0.80% Intraday chart for HDC Hyundai Development Company +0.34% +21.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,126,772 1,719,934 1,509,061 658,979 936,872 1,135,797 - -
Enterprise Value (EV) 2 721.7 730.3 1,488 2,567 936.9 2,403 2,339 2,167
P/E ratio 2.72 x 7.21 x 8.55 x 13.1 x 5.45 x 6.34 x 4.57 x 3.93 x
Yield 1.95% 2.3% 2.62% 6% - 3.79% 3.91% 4.7%
Capitalization / Revenue 0.27 x 0.47 x 0.45 x 0.2 x 0.22 x 0.26 x 0.23 x 0.23 x
EV / Revenue 0.17 x 0.2 x 0.44 x 0.78 x 0.22 x 0.56 x 0.48 x 0.43 x
EV / EBITDA 1.25 x 1.17 x 4.77 x 15.8 x 3.67 x 8.19 x 6.11 x 4.9 x
EV / FCF -5.77 x -2.77 x 112 x -1.41 x - 14.1 x 9.71 x 4.59 x
FCF Yield -17.3% -36.1% 0.89% -70.8% - 7.09% 10.3% 21.8%
Price to Book 0.5 x 0.58 x 0.52 x 0.23 x - 0.37 x 0.35 x 0.32 x
Nbr of stocks (in thousands) 43,929 65,898 65,898 65,898 64,169 64,169 - -
Reference price 3 25,650 26,100 22,900 10,000 14,600 17,700 17,700 17,700
Announcement Date 20-01-31 21-02-02 22-02-09 23-02-09 24-01-25 - - -
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 4,216 3,670 3,369 3,298 4,191 4,309 4,907 5,032
EBITDA 1 577.4 622.1 311.9 162.5 255.1 293.2 382.7 441.9
EBIT 1 551.5 585.7 330.4 116.4 195.3 245.2 343.9 406
Operating Margin 13.08% 15.96% 9.81% 3.53% 4.66% 5.69% 7.01% 8.07%
Earnings before Tax (EBT) 1 558.9 347.6 351.4 120.9 238.7 247.2 354.7 407.2
Net income 1 413.7 220.2 206.1 50.37 174.3 183.9 255.2 297.1
Net margin 9.81% 6% 6.12% 1.53% 4.16% 4.27% 5.2% 5.9%
EPS 2 9,417 3,622 2,679 764.0 2,678 2,792 3,874 4,508
Free Cash Flow 3 -124,972 -263,507 13,318 -1,817,213 - 170,333 240,820 471,820
FCF margin -2,963.89% -7,179.6% 395.27% -55,095.44% - 3,953.17% 4,907.47% 9,375.62%
FCF Conversion (EBITDA) - - 4,269.76% - - 58,089.64% 62,924.52% 106,760.41%
FCF Conversion (Net income) - - 6,461.08% - - 92,631.2% 94,377.53% 158,829.87%
Dividend per Share 2 500.0 600.0 600.0 600.0 - 671.4 692.9 831.2
Announcement Date 20-01-31 21-02-02 22-02-09 23-02-09 24-01-25 - - -
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 1 859.4 1,003 731.8 959.5 737.8 915.3 - 933.6 1,033 1,149 955.4 1,080 1,099 1,204
EBITDA 1 77.44 -6.601 -84 - - - - - - 90 58.1 72.8 81.3 -
EBIT 1 66.4 40.76 68.1 66.7 69.55 74.3 50.09 5.733 62.03 77.46 41.6 56.44 74.46 81.22
Operating Margin 7.73% 4.06% 9.31% 6.95% 9.43% 8.12% - 0.61% 6% 6.74% 4.35% 5.23% 6.78% 6.74%
Earnings before Tax (EBT) 1 89.98 15.8 60.4 91.16 55.52 - - - 82.62 74.46 45.31 58 75 106
Net income 1 43.8 -8.068 47.54 67.24 28.96 29.73 - - 62.2 56.46 30.47 49.9 58.95 66
Net margin 5.1% -0.8% 6.5% 7.01% 3.93% 3.25% - - 6.02% 4.91% 3.19% 4.62% 5.37% 5.48%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 21-10-28 22-02-09 22-04-28 22-07-28 22-10-28 23-02-09 23-04-25 23-07-25 23-10-23 24-01-25 24-04-26 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 1,908 - 1,267 1,204 1,032
Net Cash position 1 405 990 21 - - - - -
Leverage (Debt/EBITDA) - - - 11.74 x - 4.32 x 3.145 x 2.334 x
Free Cash Flow 2 -124,972 -263,507 13,318 -1,817,213 - 170,333 240,820 471,820
ROE (net income / shareholders' equity) 20.3% 8.85% 7.28% 1.75% - 6.51% 8.49% 9.38%
ROA (Net income/ Total Assets) 8.92% 4.18% 2.78% 0.72% - 2.85% 3.86% 4.28%
Assets 1 4,638 5,263 7,404 6,951 - 6,452 6,613 6,934
Book Value Per Share 3 50,803 45,119 43,665 43,919 - 48,202 51,285 55,262
Cash Flow per Share 3 -2,731 -4,259 462.0 -26,331 - 4,124 5,900 6,124
Capex 1 4.98 4.6 17.1 82.1 - 95.7 152 158
Capex / Sales 0.12% 0.13% 0.51% 2.49% - 2.22% 3.1% 3.14%
Announcement Date 20-01-31 21-02-02 22-02-09 23-02-09 24-01-25 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
17,700 KRW
Average target price
22,875 KRW
Spread / Average Target
+29.24%
Consensus

Quarterly revenue - Rate of surprise

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