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Producer Manufacturing

Hyundai Mobis Co., Ltd.

  • 240,000.00 KRW
  • -4,500.00
  • -1.84%
  • South Korea
    Aug 20, 2019
  • Ticker
    KRX(012330)
  • Prev. close
    244,500
  • Market cap (KRW)
    23,302.48B
  • Market cap (USD)
    19,290.13M
  • Shares
    95.30M

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 on June 25, 1977 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2018 KRWUSD
Revenue35,149.21B31,938.79M
Gross Profit4,417.27B4,013.81M
Operating income2,024.01B1,839.14M
Income before tax2,474.88B2,248.83M
Net income1,888.80B1,716.28M
EBITDA2,738.24B2,488.14M
Diluted EPS19,94518.12
Dividends Per Share----
Total Assets43,071.13B38,601.12M
Total liabilities12,367.70B11,084.15M
Total equity30,630.49B27,451.59M
Operating cash flow2,387.20B2,169.16M
Currency in KRWCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 35,126.61B 36,019.74B 38,261.74B 35,144.58B 35,149.21B
Gross Profit 5,007.42B 5,010.87B 5,131.49B 4,306.14B 4,417.27B
Operating income 3,141.07B 2,937.03B 2,902.15B 2,024.69B 2,024.01B
Income before tax 3,218.02B 2,955.73B 3,021.13B 2,734.38B 2,474.88B
Net income 3,472.83B 3,079.85B 3,037.78B 1,568.15B 1,888.80B
EBITDA 3,620.48B 3,469.16B 3,548.46B 2,734.52B 2,738.24B
Diluted EPS 35,821.29 32,030.40 32,090.56 16,558 19,945
Dividends Per Share 3,000 3,500 3,500 3,500 --
Total Assets 39,111.91B 37,774.83B 41,711.60B 41,736.81B 43,071.13B
Total liabilities 15,825.81B 12,098.59B 13,153.61B 12,377.86B 12,367.70B
Total equity 23,162.67B 25,621.75B 28,494.53B 29,295.40B 30,630.49B
Operating cash flow 2,812.26B 3,694.57B 2,854.23B 2,476.63B 2,387.20B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 33,369.43M 31,825.09M 32,978.87M 31,087.36M 31,938.79M
Gross Profit 4,756.93M 4,427.33M 4,422.98M 3,809.02M 4,013.81M
Operating income 2,983.94M 2,595.00M 2,501.45M 1,790.96M 1,839.14M
Income before tax 3,057.04M 2,611.52M 2,604.00M 2,418.71M 2,248.83M
Net income 3,299.11M 2,721.19M 2,618.35M 1,387.11M 1,716.28M
EBITDA 3,439.37M 3,065.16M 3,058.52M 2,418.84M 2,488.14M
Diluted EPS 34.02 28.30 27.65 14.64 18.12
Dividends Per Share 2.84 3.09 3.01 3.09 --
Total Assets 35,583.78M 32,215.96M 34,535.19M 38,986.33M 38,601.12M
Total liabilities 14,398.22M 10,318.18M 10,890.55M 11,562.15M 11,084.15M
Total equity 21,073.26M 21,851.30M 23,592.09M 27,364.81M 27,451.59M
Operating cash flow 2,671.58M 3,264.32M 2,460.14M 2,190.72M 2,169.16M

Valuation Measures

Dec 2018
PER9.52
ROA4.45%
ROE6.30%
Operating margin5.75%
Profit margin5.37%

Key executives

  • Chairman & Co-Chief Executive Officer: Mong-Koo Chung
  • Co-CEO, Director & Head-Technology: Eui-Sun Chung
  • President, Co-Chief Executive Officer & Director: Jeong-Guk Park
  • Director & Head-Finance: Hyung-Geun Bae
  • Head-Legal & Compliance Support: Joon-Wu Choi

Shareholders

  • Kia Motors Corp. (17.2%)
  • National Pension Service of Korea (10.9%)
  • CHUNG MONG KOO (7.1%)
  • Hyundai Steel Co. (5.7%)
  • Hyundai Mobis Co., Ltd. (2.7%)
  • Elliott Management Corp. (2.6%)
  • Fidelity Management & Research Co. (2.3%)
  • The Vanguard Group, Inc. (1.8%)
  • First Eagle Investment Management LLC (1.8%)
  • BlackRock Fund Advisors (1.7%)

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

  • 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.
  • Mando Machinery Corp. /Pyongtaek Operations/

Competitors

  • Visteon Corporation
  • Dongfeng Electronic Technology Co., Ltd. Class A
  • Aptiv PLC
  • Autoliv Inc.
  • Plastic Omnium SA
  • Mando Corp
  • Continental AG
  • Hyundai Wia Corporation
  • Halla Holdings Corporation
Last Updated on 20 Aug, 2019

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