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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 2021 KRWUSD
Revenue117,610.62B102,702.41M
Gross Profit22,170.43B19,360.13M
Operating income6,684.34B5,837.04M
Income before tax6,680.97B5,834.09M
Net income4,942.35B4,315.86M
EBITDA11,436.11B9,986.48M
Diluted EPS18,991.8116.58
Dividends Per Share5,0004.36
Total Assets233,946.41B196,800.35M
Total liabilities151,330.62B127,302.31M
Total equity74,986.12B63,079.81M
Operating cash flow-1,176.41B-1,027.29M
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 96,376.07B 96,812.60B 105,746.42B 103,997.60B 117,610.62B
Gross Profit 17,718.56B 15,283.85B 17,854.32B 18,683.37B 22,170.43B
Operating income 4,585.48B 2,432.95B 3,616.22B 2,404.99B 6,684.34B
Income before tax 3,910.96B 1,930.06B 3,593.03B 1,989.58B 6,680.97B
Net income 4,032.82B 1,508.08B 2,980.04B 1,424.43B 4,942.35B
EBITDA 8,104.06B 6,183.63B 7,617.03B 6,775.92B 11,436.11B
Diluted EPS 15,011.26 5,650.42 11,327.55 5,471.41 18,991.81
Dividends Per Share 4,000 4,000 4,000 3,000 5,000
Total Assets 178,199.45B 180,655.75B 194,512.22B 209,344.21B 233,946.41B
Total liabilities 103,442.10B 106,759.74B 118,146.46B 133,003.24B 151,330.62B
Total equity 69,103.48B 67,973.96B 70,065.80B 69,480.63B 74,986.12B
Operating cash flow 3,922.42B 3,764.26B 419,784M -409,807M -1,176.41B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 85,250.07M 87,970.03M 90,677.28M 88,141.93M 102,702.41M
Gross Profit 15,673.07M 13,887.87M 15,310.03M 15,834.87M 19,360.13M
Operating income 4,056.11M 2,210.73M 3,100.90M 2,038.32M 5,837.04M
Income before tax 3,459.46M 1,753.77M 3,081.01M 1,686.24M 5,834.09M
Net income 3,567.25M 1,370.34M 2,555.38M 1,207.26M 4,315.86M
EBITDA 7,168.49M 5,618.83M 6,531.58M 5,742.85M 9,986.48M
Diluted EPS 13.27 5.13 9.71 4.63 16.58
Dividends Per Share 3.53 3.63 3.42 2.54 4.36
Total Assets 166,455.97M 161,906.92M 168,197.69M 192,713.06M 196,800.35M
Total liabilities 96,625.18M 95,679.99M 102,163.05M 122,436.92M 127,302.31M
Total equity 64,549.51M 60,919.49M 60,586.97M 63,960.81M 63,079.81M
Operating cash flow 3,469.60M 3,420.44M 359.96M -347.32M -1,027.29M

Valuation Measures

Dec 2021
PER11.00
ROA2.22%
ROE6.84%
Operating margin5.68%
Profit margin4.20%

Key executives

  • Co-President & Co-Chief Executive Officer: Chang Jae-hoon
  • Vice Chairman & Co-Chief Executive Officer: Eui-Sun Chung
  • Co-President & Director: Albert Biermann
  • Co-President & Global Chief Operating Officer: José Antonio Muñoz Barcelo
  • Co-President & Director: Eon-Tae Ha

Shareholders

  • Hyundai Mobis Co., Ltd. (21.4%)
  • National Pension Service of Korea (7.7%)
  • Hyundai Motor Co., Ltd. (5.9%)
  • CHUNG MONG KOO (5.3%)
  • CHUNG EUI-SUN (2.6%)
  • The Vanguard Group, Inc. (1.6%)
  • BlackRock Fund Advisors (1.3%)
  • Norges Bank Investment Management (1.1%)
  • Samsung Asset Management Co., Ltd. (1.0%)
  • KT Corp. (1.0%)

Contact Details

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Competitors

  • Alstom SA
  • CRRC Corporation Limited Class H
  • Siemens AG
  • Ford Motor Company
  • Stellantis N.V.
  • Mercedes-Benz Group AG
  • Toyota Motor Corp.
  • Kia Corp.
  • Ford Otomotiv Sanayi A.S.
  • Tofas Turk Otomobil Fabrikasi A.S.
  • LVMC Holdings Co. Ltd.
  • SsangYong Motor Co., Ltd.
  • Nikola Corporation
  • AeroVironment, Inc.
  • Firstec Co., Ltd
  • KAMAZ PTC
  • LOTTE rental co., ltd.
  • Dogus Otomotiv Servis ve Ticaret Anonim Sirketi
  • Hyundai Wia Corporation
  • Ballard Power Systems Inc.
  • Carasso Motors Ltd
  • Daewon Sanup Co., Ltd.
  • Dayou Automotive Seat Technology Co., Ltd
  • Ferronordic AB
  • Hanon Systems
  • Hotai Motor Co., Ltd.
  • Hyzon Motors Inc. Class A
  • Lotte Non-Life Insurance Co., Ltd
  • PHA Co., Ltd.
  • Redcap Tour Co., Ltd.
Last Updated on 23 Sep, 2022

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