Asia300

Hyundai Mobis Co., Ltd.

South Korea

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Dec 12, 2017
Prev close: 256,000
Dec 12, 2017
Market cap:
Market cap(USD):
24,920.03B
22,814.27M
Shares: 97.34M

Currency in KRW

Company profile

Market(Ticker): KRX(012330)
Sector:
Industry:
Producer Manufacturing
Industrial Machinery
Full time employees: --

Business summary

Hyundai Mobis Co., Ltd. engages in the manufacturing of automotive parts and components. It operates in the following divisions: Module, Core Automotive Parts, Future Automobile Industry, After-Sales Parts, Overseas Original Equipment Manufacturer and Purchasing division. The Module division provides chassis module, cockpit module and front-end module. The Core Automotive Parts division offers safety products, lighting products, brake system, steering parts, AVNT, UVO system, plastic parts, wheel and deck. The Future Automobile Industry division provides advanced driver assistance system parts and eco-friendly parts. The After-Sales Parts division offers genuine parts and genuine accessories. Hyundai's Purchasing division operates the business of module and core parts development. Hyundai Mobis was founded on June 25, 1977 and is headquartered in Seoul, South Korea.

Company background

South Korea's Hyundai Mobis is an automotive parts affiliate of Hyundai Motor, and one of the world's largest parts-affiliated suppliers. In the past the company produced rail cars and military supplies, but it was spun off to specialize in auto parts. In 2000, the company changed its name to Hyundai Mobis.

The company was established in 1977 as Hyundai Precision Industry by the former Hyundai conglomerate, which was engaged in heavy industry and other businesses. At that time, Chung Mong-koo, the second son of group founder Chung Ju-yung, controlled the company's management. Chung Mong-koo later bolted from the group, taking the automobile operations with him, to become owner and chairman of Hyundai Motor group.

While Chung Mong-koo remains one of the company's major shareholders, Hyundai Motor-affiliated Kia Motors owns the largest amount of shares in the company.

The bulk of Hyundai Mobis' sales are to Hyundai Motor and Kia Motors. To boost earnings, the company aims to increase supply to vehicle makers outside the group.

Hyundai Mobis is also working to diversify revenue sources by supplying replacement parts. In this sector, although there is a need to produce a wider variety of components in smaller quantities than parts used in new cars, the company has built an efficient system of supplying products by contracting with more than 10,000 dealers around the world. The replacement parts division is small in scale, but it boasts high profit margins.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 38,261.74B
Gross profit 5,131.49B
Operating income 2,902.15B
Income before tax 3,021.13B
Net income 3,037.78B
EBITDA 3,548.46B
Diluted EPS 32,090.56
Dividends per share 3,500
Total assets 41,711.60B
Total liabilities 13,153.61B
Total equity 28,494.53B
Operating cash flow 2,854.23B

Currency in KRW

Revenue 32,978.87M
Gross profit 4,422.98M
Operating income 2,501.45M
Income before tax 2,604.00M
Net income 2,618.35M
EBITDA 3,058.52M
Diluted EPS 27.65
Dividends per share 3.01
Total assets 34,535.19M
Total liabilities 10,890.55M
Total equity 23,592.09M
Operating cash flow 2,460.14M

Currency in USD

Valuation measures

Dec 2016

PER 8.22
ROA 7.64%
ROE 11.22%
Operating margin 7.58%
Profit margin 7.93%

Key executive

  • Chairman & Co-Chief Executive Officer: Mong-Koo Chung
  • President, Co-Chief Executive Officer & Director: Young-Deuk Lim
  • Director & Head-Finance: Yong-Bin Han
  • Vice President: Yong-Deok Jeon
  • Vice President & Head-Purchasing: Hyeong-Joo Hyun

Share holders

  • Kia Motors Corp.(16.8%)
  • National Pension Service of Korea(9.0%)
  • CHUNG MONG KOO(6.9%)
  • Hyundai Steel Co.(5.6%)
  • Hyundai Mobis Co., Ltd.(2.7%)
  • Capital Research & Management Co. (Global Investors)(1.9%)
  • Fidelity Management & Research Co.(1.8%)
  • Capital Research & Management Co. (World Investors)(1.8%)
  • The Vanguard Group, Inc.(1.5%)
  • BlackRock Fund Advisors(1.5%)

Address

  • Website: http://www.mobis.co.kr
  • Address: 203 Teheran-ro, Gangnam-gu, Seoul, 06141, South Korea
  • Phone: +82..1588.7278

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