Financials Hyundai Motor Company London S.E.

Equities

HYUD

USY384721251

Auto & Truck Manufacturers

Market Closed - London S.E. Other stock markets 11:35:10 2024-05-02 EDT			5-day change	1st Jan Change
57.6 ^USD	+1.41%		+2.86%	+31.81%

05-02	Aptiv to lower equity interest in joint venture with Hyundai	RE
05-02	Hyundai Motor Logs Higher Sales in April	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	26,034,130	40,472,779	44,172,223	31,970,854	43,773,850	54,174,365	-	-
Enterprise Value (EV) ²	82,750	102,658	118,591	97,718	124,246	150,518	146,344	140,860
P/E ratio	10.7 x	35.2 x	11 x	5.29 x	4.45 x	4.97 x	4.96 x	4.75 x
Yield	3.32%	1.56%	1.46%	3.97%	5.6%	4.91%	4.96%	5.27%
Capitalization / Revenue	0.25 x	0.39 x	0.38 x	0.22 x	0.27 x	0.32 x	0.31 x	0.3 x
EV / Revenue	0.78 x	0.99 x	1.01 x	0.69 x	0.76 x	0.89 x	0.84 x	0.78 x
EV / EBITDA	11.1 x	14.1 x	10.6 x	6.57 x	6.19 x	7.52 x	7.23 x	6.79 x
EV / FCF	-26.1 x	-20.1 x	-37.9 x	14.8 x	-13 x	15 x	14.1 x	13.7 x
FCF Yield	-3.83%	-4.97%	-2.64%	6.77%	-7.72%	6.66%	7.11%	7.31%
Price to Book	0.35 x	0.55 x	0.56 x	0.37 x	0.45 x	0.66 x	0.61 x	0.56 x
Nbr of stocks (in thousands)	225,128	222,747	223,072	222,908	224,802	225,757	-	-
Reference price ³	120,500	192,000	209,000	151,000	203,500	249,000	249,000	249,000
Announcement Date	20-03-04	21-01-26	22-01-25	23-01-26	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	105,790	103,998	117,611	142,528	162,664	169,763	175,087	180,861
EBITDA ¹	7,437	7,259	11,235	14,867	20,073	20,021	20,237	20,759
EBIT ¹	3,606	2,781	6,679	9,820	15,127	14,862	14,817	15,144
Operating Margin	3.41%	2.67%	5.68%	6.89%	9.3%	8.75%	8.46%	8.37%
Earnings before Tax (EBT) ¹	4,164	2,480	7,960	10,948	17,619	17,813	17,693	18,418
Net income ¹	2,980	1,618	4,942	7,364	11,962	12,293	12,340	12,802
Net margin	2.82%	1.56%	4.2%	5.17%	7.35%	7.24%	7.05%	7.08%
EPS ²	11,310	5,454	18,979	28,521	45,703	50,093	50,191	52,459
Free Cash Flow ³	-3,166,932	-5,097,649	-3,127,918	6,612,342	-9,589,518	10,028,367	10,407,233	10,294,100
FCF margin	-2,993.59%	-4,901.7%	-2,659.55%	4,639.34%	-5,895.31%	5,907.28%	5,944.03%	5,691.73%
FCF Conversion (EBITDA)	-	-	-	44,475.47%	-	50,088.14%	51,427.43%	49,587.96%
FCF Conversion (Net income)	-	-	-	89,788.36%	-	81,580.23%	84,336.6%	80,409.83%
Dividend per Share ²	4,000	3,000	3,050	6,000	11,400	12,228	12,343	13,123
Announcement Date	20-03-04	21-01-26	22-01-25	23-01-26	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	2025 Q1
Net sales ¹	28,867	31,026	30,299	36,000	37,705	38,524	37,779	42,250	41,003	41,669	40,659	43,584	41,419	43,314	34,792
EBITDA ¹	-	-	-	-	2,760	-	-	-	5,047	7,154	4,839	5,559	5,336	5,386	-
EBIT ¹	1,607	1,530	1,929	2,980	1,552	3,359	3,593	4,238	3,822	3,408	3,557	4,024	3,620	3,650	2,792
Operating Margin	5.57%	4.93%	6.37%	8.28%	4.12%	8.72%	9.51%	10.03%	9.32%	8.18%	8.75%	9.23%	8.74%	8.43%	8.02%
Earnings before Tax (EBT) ¹	1,937	1,474	2,279	3,889	2,042	2,739	4,591	4,834	4,667	3,258	4,727	4,724	4,200	4,023	3,755
Net income ¹	1,306	546.9	1,585	2,803	1,272	1,704	3,312	3,235	3,190	2,225	3,231	3,234	2,914	2,725	3,610
Net margin	4.53%	1.76%	5.23%	7.79%	3.37%	4.42%	8.77%	7.66%	7.78%	5.34%	7.95%	7.42%	7.04%	6.29%	10.38%
EPS ²	5,016	2,098	6,136	10,882	4,898	6,738	12,664	12,347	12,186	8,506	13,116	12,962	11,825	9,739	12,743
Dividend per Share ²	-	2,050	-	-	-	6,000	-	1,500	1,500	8,400	2,000	2,000	2,000	4,800	1,500
Announcement Date	21-10-26	22-01-25	22-04-25	22-07-21	22-10-24	23-01-26	23-04-25	23-07-26	23-10-26	24-01-25	24-04-25	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	56,716	62,185	74,419	65,747	80,472	96,343	92,169	86,685
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	7.626 x	8.566 x	6.624 x	4.422 x	4.009 x	4.812 x	4.555 x	4.176 x
Free Cash Flow ²	-3,166,932	-5,097,649	-3,127,918	6,612,342	-9,589,518	10,028,367	10,407,233	10,294,100
ROE (net income / shareholders' equity)	4.32%	2.77%	7.16%	9.36%	13.7%	12.5%	11.4%	10.9%
ROA (Net income/ Total Assets)	1.59%	0.77%	2.23%	3.01%	4.45%	4.44%	4.26%	4.25%
Assets ¹	187,590	208,815	221,650	244,663	269,103	276,942	289,790	300,921
Book Value Per Share ³	345,591	346,315	373,849	412,292	455,972	377,406	411,460	446,913
Cash Flow per Share ³	2,071	-2,043	-5,865	53,207	-12,416	58,851	63,350	67,280
Capex ¹	3,587	4,688	4,304	4,015	7,071	6,538	6,422	6,571
Capex / Sales	3.39%	4.51%	3.66%	2.82%	4.35%	3.85%	3.67%	3.63%
Announcement Date	20-03-04	21-01-26	22-01-25	23-01-26	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

Ratings for Hyundai Motor Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

249,000 KRW

Average target price

314,156 KRW

Spread / Average Target

+26.17%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Auto & Truck Manufacturers

	1st Jan change	Capi.
TOYOTA MOTOR CORPORATION	+38.24%	308B
MERCEDES-BENZ GROUP AG	+13.37%	78.36B
BMW AG	+1.16%	68.96B
HONDA MOTOR CO., LTD.	+21.62%	54.69B
GENERAL MOTORS COMPANY	+24.36%	50.71B
FORD MOTOR COMPANY	+2.46%	48.71B
TATA MOTORS LIMITED	+31.66%	44.29B
MAHINDRA & MAHINDRA LIMITED	+26.35%	28.77B
GREAT WALL MOTOR COMPANY LIMITED	+19.72%	25.92B

Other Auto & Truck Manufacturers