Financials Hyundai Motor Company Deutsche Boerse AG

Equities

HYU

USY384721251

Auto & Truck Manufacturers

Real-time Estimate Tradegate Other stock markets 06:32:46 2024-07-11 am EDT			5-day change	1st Jan Change
56.6 ^EUR	-1.39%		-6.33%	+45.97%

11:51am	U.S., nearly $1.1 billion in grants to Stellantis and GM for Ev production	RE
11:00am	Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production	RE

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	60,259,672	-	-
Enterprise Value (EV) ²	82,750	102,658	118,591	97,718	124,246	159,887	157,708	155,074
P/E ratio	10.7 x	35.2 x	11 x	5.29 x	4.45 x	5.18 x	5.16 x	5.01 x
Yield	3.32%	1.56%	1.46%	3.97%	5.6%	4.54%	4.63%	4.74%
Capitalization / Revenue	0.25 x	0.39 x	0.38 x	0.22 x	0.27 x	0.35 x	0.34 x	0.33 x
EV / Revenue	0.78 x	0.99 x	1.01 x	0.69 x	0.76 x	0.94 x	0.9 x	0.85 x
EV / EBITDA	11.1 x	14.1 x	10.6 x	6.57 x	6.19 x	7.85 x	7.64 x	7.34 x
EV / FCF	-26.1 x	-20.1 x	-37.9 x	14.8 x	-13 x	16.6 x	15.1 x	15.8 x
FCF Yield	-3.83%	-4.97%	-2.64%	6.77%	-7.72%	6.03%	6.6%	6.32%
Price to Book	0.35 x	0.55 x	0.56 x	0.37 x	0.45 x	0.72 x	0.66 x	0.61 x
Nbr of stocks (in thousands)	225,128	222,747	223,072	222,908	224,802	227,872	-	-
Reference price ³	120,500	192,000	209,000	151,000	203,500	274,500	274,500	274,500
Announcement Date	3/4/20	1/26/21	1/25/22	1/26/23	1/25/24	-	-	-

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	105,790	103,998	117,611	142,528	162,664	170,376	176,042	183,326
EBITDA ¹	7,437	7,259	11,235	14,867	20,073	20,369	20,634	21,134
EBIT ¹	3,606	2,781	6,679	9,820	15,127	15,288	15,289	15,618
Operating Margin	3.41%	2.67%	5.68%	6.89%	9.3%	8.97%	8.68%	8.52%
Earnings before Tax (EBT) ¹	4,164	2,480	7,960	10,948	17,619	18,394	18,331	18,980
Net income ¹	2,980	1,618	4,942	7,364	11,962	12,718	12,798	13,225
Net margin	2.82%	1.56%	4.2%	5.17%	7.35%	7.46%	7.27%	7.21%
EPS ²	11,310	5,454	18,979	28,521	45,703	53,013	53,155	54,824
Free Cash Flow ³	-3,166,932	-5,097,649	-3,127,918	6,612,342	-9,589,518	9,637,784	10,410,479	9,805,602
FCF margin	-2,993.59%	-4,901.7%	-2,659.55%	4,639.34%	-5,895.31%	5,656.78%	5,913.62%	5,348.71%
FCF Conversion (EBITDA)	-	-	-	44,475.47%	-	47,315.56%	50,453.2%	46,397.35%
FCF Conversion (Net income)	-	-	-	89,788.36%	-	75,778.7%	81,341.47%	74,146.13%
Dividend per Share ²	4,000	3,000	3,050	6,000	11,400	12,475	12,722	13,006
Announcement Date	3/4/20	1/26/21	1/25/22	1/26/23	1/25/24	-	-	-

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	2025 Q1	2025 Q2
Net sales ¹	31,026	30,299	36,000	37,705	38,524	37,779	42,250	41,003	41,669	40,659	43,669	41,877	43,885	34,792	37,656
EBITDA ¹	-	-	-	2,760	-	-	-	5,047	7,154	4,839	5,559	5,336	5,386	-	-
EBIT ¹	1,530	1,929	2,980	1,552	3,359	3,593	4,238	3,822	3,408	3,557	4,102	3,758	3,783	2,792	3,136
Operating Margin	4.93%	6.37%	8.28%	4.12%	8.72%	9.51%	10.03%	9.32%	8.18%	8.75%	9.39%	8.97%	8.62%	8.02%	8.33%
Earnings before Tax (EBT) ¹	1,474	2,279	3,889	2,042	2,739	4,591	4,834	4,667	3,258	4,727	4,972	4,464	4,319	3,755	3,981
Net income ¹	546.9	1,585	2,803	1,272	1,704	3,312	3,235	3,190	2,225	3,231	3,402	3,078	2,947	3,610	2,280
Net margin	1.76%	5.23%	7.79%	3.37%	4.42%	8.77%	7.66%	7.78%	5.34%	7.95%	7.79%	7.35%	6.72%	10.38%	6.05%
EPS ²	2,098	6,136	10,882	4,898	6,738	12,664	12,347	12,186	8,506	12,287	15,066	13,878	12,809	14,651	15,390
Dividend per Share ²	2,050	-	-	-	6,000	-	1,500	1,500	8,400	2,000	2,000	2,000	4,800	1,500	1,500
Announcement Date	1/25/22	4/25/22	7/21/22	10/24/22	1/26/23	4/25/23	7/26/23	10/26/23	1/25/24	4/25/24	-	-	-	-	-

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	99,628	97,448	94,814
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	7.626 x	8.566 x	6.624 x	4.422 x	4.009 x	4.891 x	4.723 x	4.486 x
Free Cash Flow ²	-3,166,932	-5,097,649	-3,127,918	6,612,342	-9,589,518	9,637,784	10,410,479	9,805,602
ROE (net income / shareholders' equity)	4.32%	2.77%	7.16%	9.36%	13.7%	13.3%	12.1%	11.2%
ROA (Net income/ Total Assets)	1.59%	0.77%	2.23%	3.01%	4.45%	4.54%	4.37%	4.34%
Assets ¹	187,590	208,815	221,650	244,663	269,103	279,862	292,815	304,828
Book Value Per Share ³	345,591	346,315	373,849	412,292	455,972	379,941	415,099	451,992
Cash Flow per Share ³	2,071	-2,043	-5,865	53,207	-12,416	56,825	59,023	59,409
Capex ¹	3,587	4,688	4,304	4,015	7,071	6,940	6,460	6,648
Capex / Sales	3.39%	4.51%	3.66%	2.82%	4.35%	4.07%	3.67%	3.63%
Announcement Date	3/4/20	1/26/21	1/25/22	1/26/23	1/25/24	-	-	-

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

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

274,500 KRW

Average target price

337,381 KRW

Spread / Average Target

+22.91%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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