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

Financial Highlights

Dec 2022 KRWUSD
Gross Profit5,987.48B4,633.90M
Operating income2,028.11B1,569.62M
Income before tax2,141.04B1,657.02M
Net income2,485.25B1,923.41M
Diluted EPS27,162.7621.02
Dividends Per Share4,0003.09
Total Assets55,406.69B43,817.07M
Total liabilities17,599.06B13,917.80M
Total equity37,799.23B29,892.63M
Operating cash flow1,108.78B858.12M
Currency in KRWCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 35,149.21B 38,048.76B 36,626.50B 41,702.19B 51,906.61B
Gross Profit 4,417.27B 5,229.16B 4,704.23B 5,264.54B 5,987.48B
Operating income 2,024.01B 2,359.37B 1,830.38B 2,038.88B 2,028.11B
Income before tax 2,474.88B 2,505.40B 1,742.50B 2,272.29B 2,141.04B
Net income 1,888.80B 2,290.67B 1,529.14B 2,352.28B 2,485.25B
EBITDA 2,737.46B 3,176.20B 2,680.63B 2,874.97B 2,926.17B
Diluted EPS 19,944.99 24,233.30 16,389.18 25,644.64 27,162.76
Dividends Per Share 4,000 4,000 4,000 4,000 4,000
Total Assets 43,071.13B 46,606.06B 48,497.67B 51,482.53B 55,406.69B
Total liabilities 12,367.70B 14,196.44B 15,169.55B 16,125.06B 17,599.06B
Total equity 30,630.49B 32,330.01B 33,252.66B 35,273.02B 37,799.23B
Operating cash flow 2,387.20B 2,748.27B 2,379.60B 1,540.95B 1,108.78B
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 31,938.79M 32,626.71M 31,042.36M 36,416.06M 40,172.24M
Gross Profit 4,013.81M 4,483.99M 3,987.02M 4,597.21M 4,633.90M
Operating income 1,839.14M 2,023.15M 1,551.32M 1,780.44M 1,569.62M
Income before tax 2,248.83M 2,148.37M 1,476.83M 1,984.26M 1,657.02M
Net income 1,716.28M 1,964.24M 1,296.00M 2,054.11M 1,923.41M
EBITDA 2,487.43M 2,723.58M 2,271.93M 2,510.54M 2,264.66M
Diluted EPS 18.12 20.78 13.89 22.39 21.02
Dividends Per Share 3.63 3.42 3.39 3.49 3.09
Total Assets 38,601.12M 40,300.97M 44,644.82M 43,308.12M 43,817.07M
Total liabilities 11,084.15M 12,275.88M 13,964.42M 13,564.72M 13,917.80M
Total equity 27,451.59M 27,956.26M 30,610.94M 29,672.36M 29,892.63M
Operating cash flow 2,169.16M 2,356.64M 2,016.80M 1,345.62M 858.12M

Valuation Measures

Dec 2022
Operating margin3.90%
Profit margin4.78%

Key executives

  • Chairman & Co-Chief Executive Officer: Eui-Sun Chung
  • President, Co-Chief Executive Officer & Director: Sung-Hwan Cho
  • Director, Vice President & Head-Finance: Hyung-Geun Bae
  • Director, Managing Director, Head-R&D Strategy: Yeong-Seok Ko
  • Managing Director, Head-Compliance & IP: Joon-Wu Choi


  • Kia Corp. (17.4%)
  • National Pension Service of Korea (8.4%)
  • CHUNG MONG KOO (7.1%)
  • Hyundai Steel Co. (5.8%)
  • Hyundai Mobis Co., Ltd. (3.3%)
  • The Vanguard Group, Inc. (1.7%)
  • First Eagle Investment Management LLC (1.6%)
  • KT Corp. (1.4%)
  • BlackRock Fund Advisors (1.4%)
  • Samsung Asset Management Co., Ltd. (1.2%)

Contact Details

  • Website:
  • Address: 203 Teheran-ro, Gangnam-gu, Seoul, 06141, South Korea
  • Phone: +82.2.2018.5114

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Last Updated on 1 Jun, 2023

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