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Producer Manufacturing

Hyundai Mobis Co., Ltd.

Company Background

South Korea's Hyundai Mobis is an automotive parts affiliate of Hyundai Motor, and one of the world's largest parts-affiliated suppliers. In the past the company produced rail cars and military supplies, but it was spun off to specialize in auto parts. In 2000, the company changed its name to Hyundai Mobis.

The company was established in 1977 as Hyundai Precision Industry by the former Hyundai conglomerate, which was engaged in heavy industry and other businesses. At that time, Chung Mong-koo, the second son of group founder Chung Ju-yung, controlled the company's management. Chung Mong-koo later bolted from the group, taking the automobile operations with him, to become owner and chairman of Hyundai Motor group.

While Chung Mong-koo remains one of the company's major shareholders, Hyundai Motor-affiliated Kia Motors owns the largest amount of shares in the company.

The bulk of Hyundai Mobis' sales are to Hyundai Motor and Kia Motors. To boost earnings, the company aims to increase supply to vehicle makers outside the group.

Hyundai Mobis is also working to diversify revenue sources by supplying replacement parts. In this sector, although there is a need to produce a wider variety of components in smaller quantities than parts used in new cars, the company has built an efficient system of supplying products by contracting with more than 10,000 dealers around the world. The replacement parts division is small in scale, but it boasts high profit margins.

Business Summary

Hyundai Mobis Co., Ltd. engages in the manufacturing of automotive parts and components. It operates in through following business divisions: Module, Core Automotive Parts, Future Automobile Industry, After-Sales Parts, Overseas Original Equipment Manufacturer and Purchasing. The Module division provides chassis module, cockpit module and front-end module. The Core Automotive Parts division offers safety products, lighting products, brake system, steering parts, AVNT, UVO system, plastic parts, wheel and deck. The Future Automobile Industry division provides advanced driver assistance system parts and eco-friendly parts. The After-Sales Parts division offers genuine parts and genuine accessories. The company was founded by Mong-Koo Chung on July 1, 1977 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2019 KRWUSD
Revenue38,048.76B32,626.71M
Gross Profit5,229.16B4,483.99M
Operating income2,359.37B2,023.15M
Income before tax2,505.40B2,148.37M
Net income2,290.67B1,964.24M
EBITDA3,176.20B2,723.58M
Diluted EPS24,233.3020.78
Dividends Per Share4,0003.42
Total Assets46,606.06B40,300.97M
Total liabilities14,196.44B12,275.88M
Total equity32,330.01B27,956.26M
Operating cash flow2,748.27B2,356.64M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 36,019.74B 38,261.74B 35,144.58B 35,149.21B 38,048.76B
Gross Profit 5,010.87B 5,131.49B 4,306.14B 4,417.27B 5,229.16B
Operating income 2,937.03B 2,902.15B 2,024.69B 2,024.01B 2,359.37B
Income before tax 2,955.73B 3,021.13B 2,734.38B 2,474.88B 2,505.40B
Net income 3,079.85B 3,037.78B 1,568.15B 1,888.80B 2,290.67B
EBITDA 3,469.16B 3,548.46B 2,734.52B 2,737.46B 3,176.20B
Diluted EPS 32,030.40 32,090.56 16,558 19,944.99 24,233.30
Dividends Per Share 3,500 3,500 3,500 4,000 4,000
Total Assets 37,774.83B 41,711.60B 41,736.81B 43,071.13B 46,606.06B
Total liabilities 12,098.59B 13,153.61B 12,377.86B 12,367.70B 14,196.44B
Total equity 25,621.75B 28,494.53B 29,295.40B 30,630.49B 32,330.01B
Operating cash flow 3,694.57B 2,854.23B 2,476.63B 2,387.20B 2,748.27B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 31,825.09M 32,978.87M 31,087.36M 31,938.79M 32,626.71M
Gross Profit 4,427.33M 4,422.98M 3,809.02M 4,013.81M 4,483.99M
Operating income 2,595.00M 2,501.45M 1,790.96M 1,839.14M 2,023.15M
Income before tax 2,611.52M 2,604.00M 2,418.71M 2,248.83M 2,148.37M
Net income 2,721.19M 2,618.35M 1,387.11M 1,716.28M 1,964.24M
EBITDA 3,065.16M 3,058.52M 2,418.84M 2,487.43M 2,723.58M
Diluted EPS 28.30 27.65 14.64 18.12 20.78
Dividends Per Share 3.09 3.01 3.09 3.63 3.42
Total Assets 32,215.96M 34,535.19M 38,986.33M 38,601.12M 40,300.97M
Total liabilities 10,318.18M 10,890.55M 11,562.15M 11,084.15M 12,275.88M
Total equity 21,851.30M 23,592.09M 27,364.81M 27,451.59M 27,956.26M
Operating cash flow 3,264.32M 2,460.14M 2,190.72M 2,169.16M 2,356.64M

Valuation Measures

Dec 2019
PER10.56
ROA5.10%
ROE7.27%
Operating margin6.20%
Profit margin6.02%

Key executives

  • Chairman & Co-Chief Executive Officer: Mong-Koo Chung
  • Co-Chief Executive Officer & Director: Eui-Sun Chung
  • President, Co-Chief Executive Officer & Director: Jeong-Guk Park
  • Director & Head-Finance: Hyung-Geun Bae
  • Vice President, Head-Research & Development: Sung-Hwan Cho

Shareholders

  • KIA MOTORS Corp. (17.2%)
  • National Pension Service of Korea (11.8%)
  • CHUNG MONG KOO (7.1%)
  • Hyundai Steel Co. (5.7%)
  • Fidelity Management & Research Co. LLC (2.4%)
  • Hyundai Mobis Co., Ltd. (1.9%)
  • The Vanguard Group, Inc. (1.9%)
  • First Eagle Investment Management LLC (1.8%)
  • BlackRock Fund Advisors (1.5%)
  • Schroder Investment Management Ltd. (1.1%)

Contact Details

  • Website:http://www.mobis.co.kr
  • Address: 203 Teheran-ro, Gangnam-gu, Seoul, 06141, South Korea
  • Phone: +82.2.2018.5114

Related Companies

  • Hyundai Ihl Co. Ltd. /Lamp Assets/
  • Beijing MOBIS Auto Parts & Components Co., Ltd.
  • Chongqing Hyundai Mobis Automotive Parts Co., Ltd.
  • Wuxi Mobis Automotive Parts Co., Ltd.
  • Mobis Automotive & Module Industry AS
  • Changzhou Hyundai Mobis Automotive Parts Co., Ltd.
  • MOBIS Parts Australia Pty Ltd.
  • Mobis Parts Canada Corp.
  • Mobis North America LLC
  • Hyundai Mobis Mexico S de RL de CV
  • MOBIS Parts Jiangsu Yueda Trading Co. Ltd.
  • MOBIS Parts Miami LLC
  • MOBIS Alabama LLC
  • Mobis Brasil Fabricacao de Auto Pecas Ltda.
  • Mobis Module CIS LLC
  • Beijing Mobis Chonche Automotive Parts Co., Ltd.
  • Mobis India Ltd.
  • Mobis America, Inc.
  • Hl Greenpower, Inc.
  • Hyundai IHL Co., Ltd.
  • Jiangsu MOBIS Automotive Parts Co., Ltd.
  • Mobis Slovakia sro
  • Korea Automotive System Co. Ltd.
  • Ihl Corp.
  • Jiang Su Mo Bi Si Qi Che Ling Bu Jian You Xian Gong Si
  • Shanghai Hyundai Mobis Automotive Parts Co. Ltd.
  • Mobis Automotive Czech sro
  • MOBIS Parts Middle East FZE
  • MOBIS Parts Europe NV
  • Wuxi Mobis Co. Ltd.

Competitors

  • Aptiv PLC
  • Veoneer, Inc.
  • Mando Corp
  • Halla Holdings Corporation
  • Autoliv Inc.
  • Visteon Corporation
  • Burelle S.A.
  • Hyundai Wia Corporation
  • HMT (Xiamen) New Technical Materials Co Ltd Class A
  • Alticast Corp.
Last Updated on 29 Sep, 2020

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