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

Kia Corp. engages in the manufacture and sale of motor vehicles. It operates through the following segment: Passenger Cars, Recreational Vehicles, and Commercial Vehicles. It also provides leasing vehicles, providing vehicle maintenance services, and automobile parts. The company was founded on December 11, 1944 and is headquartered in Seoul, South Korea.

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

KRW | USD

	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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Last Updated on 24 Mar, 2023