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Consumer Durables

Hyundai Motor Co., Ltd.

Company Background

South Korea's Hyundai Motor is the world's fifth-largest automaker in terms of sales. Hyundai Motor was established in 1967 by the late Chung Ju-yung, the founder of former Hyundai conglomerate. Before his death in 2001, Chung picked his fifth son Chung Mong-hun as his successor. However, his second son Chung Mong-koo opposed the decision and bolted from the group, taking automobile operations with him.

 

Currently, Hyundai Motor group is comprised of steelmaker Hyundai Steel, logistics business Hyundai Glovis, autoparts maker Hyundai Mobis and other companies.

 

In 1998, Hyundai Motor acquired fellow South Korean automaker Kia Motors, which went bankrupt during the 1997 Asian currency crisis. The deal helped Hyundai Motor secure No. 1 position in South Korea and boost its presence in the global market.

 

Although at one time Japan's Mitsubishi Motors provided capital and technical assistance to Hyundai Motor, the two automakers have dissolved their alliance. Hyundai has rapidly improved quality and adopted innovative car body designs by hiring former workers from German automaker Audi since the 2000s. It has seen sales rise fast both at home and abroad.

 

Hyundai Motor has taken market share from Japanese rivals in the North American market. It saw sales rise there fast after the won weakened during the global financial crisis.

Business Summary

Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following business areas: Vehicle, Financial and Others. The Vehicle division offers motor vehicles. The Financial division provides financing, leasing and credit cards. The Other division includes manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2019 KRWUSD
Revenue105,746.42B90,677.28M
Gross Profit17,854.32B15,310.03M
Operating income3,616.22B3,100.90M
Income before tax3,593.03B3,081.01M
Net income2,980.04B2,555.38M
EBITDA7,617.03B6,531.58M
Diluted EPS11,327.559.71
Dividends Per Share4,0003.42
Total Assets194,512.22B168,197.69M
Total liabilities118,146.46B102,163.05M
Total equity70,065.80B60,586.97M
Operating cash flow419,784M359.96M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 91,958.73B 93,649.02B 96,376.07B 96,812.60B 105,746.42B
Gross Profit 18,402.39B 17,797.60B 17,718.56B 15,283.85B 17,854.32B
Operating income 6,357.90B 5,193.50B 4,585.48B 2,432.95B 3,616.22B
Income before tax 6,572.03B 5,578.64B 4,438.55B 2,529.58B 3,593.03B
Net income 6,417.30B 5,406.43B 4,032.82B 1,508.08B 2,980.04B
EBITDA 9,138.67B 8,540.86B 8,104.06B 6,183.63B 7,617.03B
Diluted EPS 23,878.72 20,133.11 15,011.26 5,650.42 11,327.55
Dividends Per Share 4,000 4,000 4,000 4,000 4,000
Total Assets 165,367.94B 178,835.92B 178,199.45B 180,655.75B 194,512.22B
Total liabilities 98,486.54B 106,491.35B 103,442.10B 106,759.74B 118,146.46B
Total equity 62,023.95B 67,189.65B 69,103.48B 67,973.96B 70,065.80B
Operating cash flow 1,248.41B 996,964M 3,922.42B 3,764.26B 419,784M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 81,249.73M 80,718.71M 85,250.07M 87,970.03M 90,677.28M
Gross Profit 16,259.35M 15,340.25M 15,673.07M 13,887.87M 15,310.03M
Operating income 5,617.49M 4,476.42M 4,056.11M 2,210.73M 3,100.90M
Income before tax 5,806.68M 4,808.39M 3,926.14M 2,298.53M 3,081.01M
Net income 5,669.97M 4,659.95M 3,567.25M 1,370.34M 2,555.38M
EBITDA 8,074.43M 7,361.60M 7,168.49M 5,618.83M 6,531.58M
Diluted EPS 21.09 17.35 13.27 5.13 9.71
Dividends Per Share 3.53 3.44 3.53 3.63 3.42
Total Assets 141,032.73M 148,067.49M 166,455.97M 161,906.92M 168,197.69M
Total liabilities 83,993.46M 88,169.68M 96,625.18M 95,679.99M 102,163.05M
Total equity 52,896.64M 55,629.78M 64,549.51M 60,919.49M 60,586.97M
Operating cash flow 1,103.03M 859.31M 3,469.60M 3,420.44M 359.96M

Valuation Measures

Dec 2019
PER10.63
ROA1.58%
ROE4.31%
Operating margin3.41%
Profit margin2.81%

Key executives

  • Chairman & Co-Chief Executive Officer: Mong-Koo Chung
  • Co-President, Co-CEO & Director: Won-Hui Lee
  • Global Chief Operating Officer: José Munoz
  • Chief Financial Officer: Byeong-Cheol Choi
  • Director & Head-Research: Albert Biermann

Shareholders

  • Hyundai Mobis Co., Ltd. (21.4%)
  • National Pension Service of Korea (11.6%)
  • Hyundai Motor Co., Ltd. (6.1%)
  • CHUNG MONG KOO (5.3%)
  • CHUNG EUI-SUN (2.6%)
  • The Vanguard Group, Inc. (1.8%)
  • BlackRock Fund Advisors (1.4%)
  • Norges Bank Investment Management (1.2%)
  • Capital Research & Management Co. (World Investors) (0.9%)
  • Samsung Asset Management Co., Ltd. (0.8%)

Contact Details

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Competitors

  • Fiat Chrysler Automobiles N.V.
  • Ford Motor Company
  • General Motors Company
  • Toyota Motor Corp.
  • Great Wall Motor Co., Ltd. Class H
  • Daimler AG
  • KIA Motors Corporation
  • Renault SA
  • Tofas Turk Otomobil Fabrikasi A.S.
  • Ford Otomotiv Sanayi A.S.
  • PT Selamat Sempurna Tbk
  • Hyundai Wia Corporation
  • KAMAZ PTC
  • SsangYong Motor Co., Ltd.
  • DAE-IL Corp.
  • LVMC Holdings Co. Ltd.
  • Alticast Corp.
  • Ballard Power Systems Inc.
  • Carasso Motors Ltd
  • Dayou Automotive Seat Technology Co., Ltd
  • Dogus Otomotiv Servis ve Ticaret Anonim Sirketi
  • Everlight Electronics Co., Ltd.
  • FuelCell Energy, Inc.
  • Hotai Motor Co., Ltd.
  • Korea Electric Terminal Co., Ltd.
  • Nippon Yusen Kabushiki Kaisha
  • Pyeong Hwa Automotive Co., Ltd.
  • Redcap Tour Co., Ltd.
  • Sambo Motors Co., Ltd.
  • SeAH Holdings Corporation
Last Updated on 10 Aug, 2020

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