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Consumer Durables

Kia Motors 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 MOTORS Corp. engages in the manufacture and sale of motor vehicles. It operates through the following segment: Passenger Cars, Recreational Vehicles and Commercial Vehicles. It is also involved in 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 2019 KRWUSD
Revenue58,145.95B49,860.00M
Gross Profit9,390.64B8,052.45M
Operating income2,009.78B1,723.38M
Income before tax2,023.99B1,735.57M
Net income1,826.65B1,566.35M
EBITDA4,139.23B3,549.38M
Diluted EPS4,556.043.90
Dividends Per Share1,1500.98
Total Assets55,344.79B47,857.49M
Total liabilities26,366.66B22,799.65M
Total equity28,978.13B25,057.83M
Operating cash flow3,610.65B3,096.12M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 49,521.44B 52,712.90B 53,535.68B 54,169.81B 58,145.95B
Gross Profit 9,850.44B 10,422.76B 8,941.82B 8,048.44B 9,390.64B
Operating income 2,356.68B 2,463.60B 663,403M 1,157.47B 2,009.78B
Income before tax 3,100.26B 3,442.03B 1,140.05B 1,468.64B 2,023.99B
Net income 2,630.60B 2,754.64B 968,018M 1,155.94B 1,826.65B
EBITDA 3,778.05B 4,149.02B 2,518.00B 3,092.35B 4,139.23B
Diluted EPS 6,559 6,873 2,414 2,883.14 4,556.04
Dividends Per Share 1,100 1,100 800 900 1,150
Total Assets 45,980.11B 50,889.26B 52,294.43B 51,786.60B 55,344.79B
Total liabilities 21,776.08B 24,309.83B 25,433.26B 24,543.14B 26,366.66B
Total equity 24,204.03B 26,579.42B 26,861.17B 27,243.46B 28,978.13B
Operating cash flow 3,375.24B 3,275.88B 2,594.19B 4,470.76B 3,610.65B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 43,754.45M 45,434.73M 47,355.32M 49,222.10M 49,860.00M
Gross Profit 8,703.32M 8,983.67M 7,909.54M 7,313.32M 8,052.45M
Operating income 2,082.23M 2,123.45M 586.81M 1,051.75M 1,723.38M
Income before tax 2,739.22M 2,966.78M 1,008.44M 1,334.50M 1,735.57M
Net income 2,324.25M 2,374.30M 856.26M 1,050.36M 1,566.35M
EBITDA 3,338.08M 3,576.16M 2,227.31M 2,809.90M 3,549.38M
Diluted EPS 5.79 5.92 2.13 2.61 3.90
Dividends Per Share 0.97 0.94 0.70 0.81 0.98
Total Assets 39,213.77M 42,133.84M 48,848.19M 46,412.08M 47,857.49M
Total liabilities 18,571.55M 20,127.36M 23,757.19M 21,996.00M 22,799.65M
Total equity 20,642.21M 22,006.47M 25,091.00M 24,416.08M 25,057.83M
Operating cash flow 2,982.18M 2,823.57M 2,294.70M 4,062.41M 3,096.12M

Valuation Measures

Dec 2019
PER9.72
ROA3.41%
ROE6.49%
Operating margin3.45%
Profit margin3.14%

Key executives

  • President, Co-Chief Executive Officer & Director: Ho-Sung Song
  • Co-Chief Executive Officer, Director & VP: Jun-Young Choi
  • Director, Senior Managing Director & Head-Finance: Woo-Jung Joo
  • Vice President & Head-Domestic Business: Hyuk-Ho Kwon
  • Vice President & Head-Audit: Gyeon Kim

Shareholders

  • Hyundai Motor Co., Ltd. (33.8%)
  • National Pension Service of Korea (8.4%)
  • First Eagle Investment Management LLC (2.1%)
  • The Vanguard Group, Inc. (1.8%)
  • CHUNG EUI-SUN (1.7%)
  • BlackRock Fund Advisors (1.4%)
  • Kia Motors Corp. Employee Stock Ownership Association (1.2%)
  • KIA MOTORS Corp. (1.0%)
  • Norges Bank Investment Management (1.0%)
  • Dimensional Fund Advisors LP (1.0%)

Contact Details

  • Website:http://www.kia.co.kr
  • Address: 12 Heolleung-ro, Seocho-gu, Seoul, 06797, South Korea
  • Phone: +82.2.3464.5114

Related Companies

  • Southland Kia
  • Nationwide Kia
  • KIA Motors Hungary Kft.
  • Kia Motors do Brasil Ltda.
  • Kia Motors Peru
  • Kia Motors Jordan
  • Kia Vietnam
  • Kia Motors India Pvt Ltd.
  • A.C.S Automobiles SASU
  • KIA Chile SA
  • Kia Motors Mexico SA de CV
  • Kia Motors Nigeria
  • Kia Canada, Inc.
  • Kia Intertrade Corp.
  • Kia Motors (China)
  • Kia Motors Australia Pty Ltd.
  • Kia Motor Sales Co., Ltd.
  • KIA Motors Saudi Arabia, Inc.
  • Kia Motors Portugal
  • KIA Motors Slovakia sro
  • KIA Motors Sweden AB
  • KIA Motors Polska SP zoo
  • KIA Motors Deutschland GmbH
  • KIA Motors Bulgaria AD EAD
  • KIA Motors Belgium
  • KIA Motors (UK) Ltd.
  • KIA Motors France
  • KIA Motors Canarias SL
  • KIA Motors Czech sro
  • KIA Motors AG

Competitors

  • Hyundai Motor Company
  • General Motors Company
  • Mahindra & Mahindra Ltd.
  • Renault SA
  • Toyota Motor Corp.
  • Great Wall Motor Co., Ltd. Class H
  • Daimler AG
  • Fiat Chrysler Automobiles N.V.
  • LVMC Holdings Co. Ltd.
  • SsangYong Motor Co., Ltd.
  • Ford Otomotiv Sanayi A.S.
  • Autech Corporation
  • Alticast Corp.
  • Carasso Motors Ltd
  • DAE-IL Corp.
  • Dayou Automotive Seat Technology Co., Ltd
  • Firstec Co., Ltd
  • Korea Electric Terminal Co., Ltd.
  • Nippon Yusen Kabushiki Kaisha
  • PT Selamat Sempurna Tbk
  • Pyeong Hwa Automotive Co., Ltd.
  • Sambo Motors Co., Ltd.
  • Unick Corporation
Last Updated on 27 Oct, 2020

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