Kia Corp.
Company Background
Kia Motors is a South Korean automaker that began as an autoparts manufacturer in 1944.The company once had a capital tie-up with Japanese automaker Mazda Motor for the production of Mazda vehicles. However, that alliance was dissolved. Kia filed for bankruptcy during the 1997 Asian financial crisis and became a subsidiary of fellow South Korean automaker Hyundai Motor in 1998.
Kia has close production ties with its parent, Hyundai Motor; they share chassis, and Kia produces Hyundai cars at its plants. However, Kia maintains independence in product development. Its models include the Optima midsize sedan and the Soul compact.
Although Vice Chairman Lee Hyoung-keun and other executives have representation rights at Kia, Hyundai Chairman Chung Mong-koo maintains control over Kia's management.
Hyundai Vice Chairman Chung Eui-sun, the first son of Chung Mong-koo, was a top executive at Kia in the mid-2000s. During that time, Kia hired a former chief designer of German automaker Audi, and adopted innovative vehicle body designs. Hyundai also adopted the same designs, gaining popularity both at home and abroad.
Business Summary
Financial Highlights
Dec 2022 | KRW | USD |
Revenue | 86,559.02B | 66,990.88M |
Gross Profit | 18,126.78B | 14,028.91M |
Operating income | 7,233.32B | 5,598.11M |
Income before tax | 7,071.71B | 5,473.03M |
Net income | 5,409.42B | 4,186.53M |
EBITDA | 9,655.92B | 7,473.04M |
Diluted EPS | 13,494.70 | 10.44 |
Dividends Per Share | 3,500 | 2.70 |
Total Assets | 73,710.96B | 58,292.57M |
Total liabilities | 34,367.88B | 27,179.02M |
Total equity | 39,337.93B | 31,109.47M |
Operating cash flow | 9,333.18B | 7,223.26M |
Currency in KRW | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 54,169.81B | 58,145.95B | 59,168.09B | 69,862.36B | 86,559.02B |
Gross Profit | 8,048.44B | 9,390.64B | 9,947.42B | 12,966.95B | 18,126.78B |
Operating income | 1,157.47B | 2,009.78B | 2,067.54B | 5,066.16B | 7,233.32B |
Income before tax | 1,468.64B | 2,023.99B | 1,779.95B | 5,225.60B | 7,071.71B |
Net income | 1,155.94B | 1,826.65B | 1,487.58B | 4,760.45B | 5,409.42B |
EBITDA | 3,092.35B | 4,139.23B | 4,287.06B | 7,287.19B | 9,655.92B |
Diluted EPS | 2,883.14 | 4,556.04 | 3,710.32 | 11,873.91 | 13,494.70 |
Dividends Per Share | 900 | 1,150 | 1,000 | 3,000 | 3,500 |
Total Assets | 51,786.60B | 55,344.79B | 60,490.44B | 66,849.99B | 73,710.96B |
Total liabilities | 24,543.14B | 26,366.66B | 30,598.77B | 31,937.44B | 34,367.88B |
Total equity | 27,243.46B | 28,978.13B | 29,891.67B | 34,910.42B | 39,337.93B |
Operating cash flow | 4,470.76B | 3,610.65B | 5,423.89B | 7,359.67B | 9,333.18B |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 49,222.10M | 49,860.00M | 50,147.22M | 61,006.67M | 66,990.88M |
Gross Profit | 7,313.32M | 8,052.45M | 8,430.82M | 11,323.27M | 14,028.91M |
Operating income | 1,051.75M | 1,723.38M | 1,752.32M | 4,423.98M | 5,598.11M |
Income before tax | 1,334.50M | 1,735.57M | 1,508.58M | 4,563.20M | 5,473.03M |
Net income | 1,050.36M | 1,566.35M | 1,260.78M | 4,157.01M | 4,186.53M |
EBITDA | 2,809.90M | 3,549.38M | 3,633.45M | 6,363.47M | 7,473.04M |
Diluted EPS | 2.61 | 3.90 | 3.14 | 10.36 | 10.44 |
Dividends Per Share | 0.81 | 0.98 | 0.84 | 2.61 | 2.70 |
Total Assets | 46,412.08M | 47,857.49M | 55,684.83M | 56,235.54M | 58,292.57M |
Total liabilities | 21,996.00M | 22,799.65M | 28,167.88M | 26,866.40M | 27,179.02M |
Total equity | 24,416.08M | 25,057.83M | 27,516.95M | 29,367.34M | 31,109.47M |
Operating cash flow | 4,062.41M | 3,096.12M | 4,596.95M | 6,426.76M | 7,223.26M |
Valuation Measures
Dec 2022 | |
PER | 4.39 |
ROA | 7.69% |
ROE | 14.57% |
Operating margin | 8.35% |
Profit margin | 6.24% |
Key executives
- President, Co-Chief Executive Officer & Director: Ho-Sung Song
- Co-Chief Executive Officer, Director & VP: Jun-Young Choi
- Director, VP & Head-Finance: Woo-Jung Joo
- Executive Vice President: Karim Habib
- Vice President & Head-Domestic Business: Hyuk-Ho Kwon
Shareholders
- Hyundai Motor Co., Ltd. (33.8%)
- National Pension Service of Korea (7.4%)
- CHUNG EUI-SUN (1.7%)
- The Vanguard Group, Inc. (1.7%)
- BlackRock Fund Advisors (1.5%)
- Samsung Asset Management Co., Ltd. (1.2%)
- Kia Motors Corp. Employee Stock Ownership Association (1.1%)
- Norges Bank Investment Management (1.0%)
- Kia Corp. (1.0%)
- APG Asset Management NV (0.8%)
Contact Details
- Website:http://www.kia.co.kr
- Address: 12 Heolleung-ro, Seocho-gu, Seoul, 06797, South Korea
- Phone: +82.2.3464.5114
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Competitors
- Stellantis N.V.
- Ford Otomotiv Sanayi A.S.
- LVMC Holdings Co. Ltd.
- Autech Corporation
- Carasso Motors Ltd
- Daewon Sanup Co., Ltd.
- Firstec Co., Ltd
- Hucentech Co., Ltd.
- PHA Co., Ltd.
- Sambo Motors Co., Ltd.
- SNT MOTIV CO., LTD
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