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005380KOSPI

Hyundai Motor

324,500
-11,500 (-3.42%)

Price chart

  • MA5
  • MA20
  • MA60
Market capitalizationKRW 1T

Each day's close multiplied by the listed share count of this share class alone, sampled weekly. It is the figure for this issue only, not a combined total across common and preferred shares.

Overview

Summary

Hyundai Motor Company was established on December 29, 1967. The company is headquartered in Seoul and is listed on the KOSPI market.

The company operates as a manufacturer of vehicles.

Company overview

가. 연결대상 종속회사 개황1. 연결대상 종속회사 현황(요약)

1-1. 연결대상회사의 변동내용

*) 당기 중 모비아㈜와 주식회사 유비퍼스트대원이 주식회사 유모스원으로 신설합병되었습니다.

나. 회사의 법적·상업적 명칭

당사의 명칭은『현대자동차주식회사』라고 표기합니다.영문으로 HYUNDAI MOTOR COMPANY라고 표기하며 약식으로는 HMC로표기합니다.

다. 설립일자

당사는 1967년 12월 29일에 설립되었습니다.

라. 본사의 주소 등

- 주 소 : 서울특별시 서초구 헌릉로 12 (양재동)- 전화번호 : 02-3464-1114- 홈페이지 : https://www.hyundai.com

마. 중소기업 등 해당 여부

바. 또한 당사의 ESG 경영에 대한 상세 내용은 당사의 홈페이지에 게재(홈페이지 주소 : https://www.hyundai.com, 위치 : 지속가능경영 → 지속가능성보고서)되어 있는 2025 지속가능성 보고서를 참조하시기 바라며, 2030전략에 대한 상세 내용은 II. 사업의 내용의 7. (제조서비스업)기타 참고사항의 사.

사. 신용등급 내역

당사는 회사채 및 기업어음 발행 등의 목적에 의하여 또는 기타 수시평가에 의하여 신용평가 전문기관으로부터 평가를 받고 있으며, 공시 대상 기간 동안의 신용평가 현황은 다음과 같습니다.

(1) 신용평가

(2) 신용등급체계 및 부여 의미

아. 회사의 주권상장(또는 등록ㆍ지정)여부 및 특례상장에 관한 사항

Transcribed verbatim from the sentences the filer wrote in the fiscal 2025 business report (received 2026.03.18), tables and figures omitted.

  • The summary is written separately from the filed text and is not the filer's wording, so it may phrase things differently from or omit parts of the original, which is shown alongside for checking.
  • The company introduction reproduces the sentences the filer wrote in its business report, with tables, figures and the sentences that point to other sections of the report omitted, and the accuracy of their content has not been separately verified.

VaR

2.81%
[1.72%, 5.19%] · As of 2026-10-02
VaR by window

The headline's measure for each of the three windows on one scale, the dot being the estimate and the bar its interval. The windows are nested and share their observations, so the three readings are not three independent measurements. The selected window is highlighted.

Daily return distribution

The issue's daily returns over the chosen window counted into equal-width bins. The vertical lines mark the VaR and cVaR above on the loss side. The published VaR sample applies exclusion rules for halts and first sessions that this raw daily series does not, so the bars and the marks can differ slightly at the edges.

Drawdown

Deepest drawdown 56.7% (2026-10-08). How far below its previous peak the issue stood each day over the chosen window, a description of the path already travelled.

If these numbers are unfamiliarThere is a guide that walks through VaR, cVaR and annualized volatility in plain language.Read the guide

Characteristic line

0.72
Beta [0.57, 0.86] · KOSPI200 · As of 2026-10-08
Intercept
-0.026%[-0.434%, +0.382%]
R squared
0.38
Observations
252
Trading-time corrected beta
0.96[0.76, 1.16]
252-day rolling beta

A 252-day window rolled one day at a time over the longest daily span of the characteristic line. It shows when the beta against the KOSPI200 and the annualized volatility of the issue's excess return rose and fell, and unlike the headline figures above it carries no interval.

252-day rolling annualized volatility

Each point is one period's index excess return and issue excess return, and the line is the regression fitted to those points. The risk-free rate is the certificate of deposit rate.

Financials

20152016201720182019202020212022202320242025TTM
RevenueKRW 100M919,587936,490963,761968,1261,057,4641,039,9761,176,1061,425,2751,626,6361,752,3121,862,5451,887,142
Revenue growth%—1.842.910.459.23-1.6513.0921.1914.137.736.29—
Operating incomeKRW 100M63,57951,93545,747——23,94766,78998,198151,269142,396114,67995,982
Operating income growth%—-18.31-11.92———178.9147.0354.05-5.87-19.47—
Net incomeKRW 100M65,09257,19745,464—————122,723132,299103,64892,051
Net income growth%—-12.13-20.51——————7.80-21.66—
Attributable to ownersKRW 100M——40,32815,08129,80014,24449,42473,644119,617125,26794,46081,466
Attributable to minoritiesKRW 100M——5,1361,3692,0565,0017,5076,1933,1067,0329,18810,585
Operating margin%6.915.554.75——2.305.686.899.308.136.165.09
Net margin%7.086.114.72—————7.547.555.564.88
ROE%——5.842.224.252.056.598.9412.9311.488.186.66
ROA%3.943.202.55—————4.343.892.812.33
Debt ratio%147.26147.20138.37144.47154.71174.22183.17181.36177.44182.52188.95191.33
Current ratio%163.85166.13171.40147.67142.71140.75137.87129.84138.66145.60136.35132.85
Quick ratio%141.53142.00147.58126.00120.83121.68119.74110.59114.94120.71113.02109.68
Reserve ratio%4,268.354,604.724,804.164,747.594,865.484,909.495,187.275,654.496,248.817,001.517,326.587,564.17
Free cash flowKRW 100M-68,933-19,7428,6745,378-31,669-50,976-54,80766,123-95,895-137,230-143,580—
FCF margin%-7.50-2.110.900.56-2.99-4.90-4.664.64-5.90-7.83-7.71—
OCF conversion%19.1817.4386.28—————-20.52-42.79-57.80—
Capex to revenue%8.853.173.173.333.394.513.662.824.354.604.49—
Receivable daysdays—17.414.111.911.613.012.811.1————
Inventory daysdays—47.448.246.946.449.143.841.444.848.748.6—
Payable daysdays—33.8——————————
Cash conversion cycledays—30.9——————————
EPSKRW——18,3087,05813,9476,66723,13134,46656,54847,61536,08839,786
PERx——8.5216.798.6428.809.044.383.604.458.2212.44
BPSKRW—305,024313,712318,129327,919325,180350,947385,407437,274520,988563,820597,428
PBRx—0.480.500.370.370.590.600.390.470.410.530.83
Dividend per shareKRW—4,0004,0004,0004,0003,0005,0007,0003,00014,40013,500—
Payout ratio%——21.8556.6728.6845.0021.6220.315.3130.2437.41—

Consolidated basis

Profit flowKRW 100M

Revenue
1,862,545
Cost of sales
1,520,376
Gross profit
342,168
SG&A expenses
227,490
Operating income
114,679
Non-operating income
23,741
Profit before tax
138,419
Net income
103,648
Income tax expense
34,771

This diagram traces where revenue goes at each step on its way to net income, using the filed amounts as they are. The non-operating result is taken as the difference between profit before tax and operating income and is shown as income or expense by its sign, and whatever a step's items leave unexplained is shown separately as other.

Revenue compositionKRW 100M

Margins%

Cash flow by activityKRW 100M

Balance sheet compositionKRW 100M

Debt ratio%

The left bar splits assets into current and non-current and the right bar splits the financing of those assets into liabilities and equity, so the two bars stand at the same height.

Quarterly resultsKRW 100M

Year-on-year growth%

Each quarterly bar is that quarter's three months and is never mixed with an annual figure. The growth rate is computed only where the same quarter a year earlier is also shown here, and is left blank when the base was a loss.

Cash conversion cycledays

Free cash flow breakdownKRW 100M

Inventory days and receivable days stack upward, payable days hang downward, and the cash conversion cycle they net to is drawn as the line. Each day count uses the average balance with the prior year, so the oldest year is not drawn. A day count whose line was not filed is left out, and the cycle is shown only for years that carry all three.

Free cash flow is cash from operating activities less spending on property, plant and equipment, and all three bars keep the sign as filed.

Owners' net margin%

Asset turnoverx

Financial leveragex

ROE%

ROE is the product of the owners' net margin, asset turnover and financial leverage. All three use period-end balances as denominators, and profit and equity are on the owners' basis, so the product matches the ROE in the table.

Financial statements

Balance sheet

20152016201720182019202020212022202320242025
1,653,6791,788,3591,781,9951,806,5581,945,1222,093,4422,339,4642,557,4252,824,6343,397,9843,688,448
984,8651,064,9141,034,4211,067,5971,181,4651,330,0321,513,3061,648,4591,806,5392,195,2252,411,966
668,814723,446747,574738,960763,658763,410826,158908,9651,018,0941,202,7591,276,482

Income statement

20152016201720182019202020212022202320242025
919,587936,490963,761968,1261,057,4641,039,9761,176,1061,425,2751,626,6361,752,3121,862,545
63,57951,93545,747Not applicableNot applicable23,94766,78998,198151,269142,396114,679
84,59473,07144,38625,29641,63820,93379,596109,479176,187177,814138,419
65,09257,19745,464Not applicableNot applicableNot applicableNot applicableNot applicable122,723132,299103,648
Basic earnings per shareKRWNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable47,61536,088
Diluted earnings per shareKRWNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable47,61536,088
65,00259,75434,3226,48638,1699,02578,61190,345124,288182,548110,820

Cash flow statement

20152016201720182019202020212022202320242025
Net incomefrom the income statement65,09257,19745,464—————122,723132,299103,648
Total adjustments to operating cash flowcomputed-52,607-47,227-6,240—————-147,911-188,915-163,560
12,4849,97039,22437,6434,198-4,098-11,764106,273-25,188-56,616-59,913
-80,603-63,117-47,444-24,151-59,292-93,376-51,826-12,035-86,494-146,235-103,471
72,13756,91421,812-8,80848,749113,52587,923-13,24593,934194,933154,248
Cash at beginning of periodKRW 100M70,96573,31578,90188,21591,13686,82098,621127,956208,649191,666190,149
73,31578,90188,21591,13686,82098,621127,956208,649191,666190,149183,606
Net change in cash and cash equivalentsKRW 100M2,3505,5869,3142,921-4,31711,80229,33480,693-16,983-1,517-6,544

In the latest fiscal year operations and investing consumed cash raised through financing activities.

A year whose own filing is absent is filled from the restated comparative in the following filing, and is marked as such. Operating indicators outside the statements, such as order backlogs, and audit opinions are not covered here, and per-share figures follow the filed values without retroactive adjustment for share splits.

Transcribed verbatim from the sentences the filer wrote in the fiscal {year} business report (received {date}), with tables, figures and cross-references to other sections omitted.

The newest annual filing shown was received on 2026.03.18.

Audit opinion

Fiscal yearOpinionAuditorFiscal year end
2022적정Term 55삼정회계법인2022-12-31
적정Term 54삼정회계법인2022-12-31
적정Term 53삼정회계법인2022-12-31
2019적정Term 52삼정회계법인2019-12-31
적정Term 51안진회계법인2019-12-31
적정Term 50안진회계법인2019-12-31
2016적정Term 49안진회계법인2016-12-31
적정Term 48안진회계법인2016-12-31
적정Term 47안진회계법인2016-12-31

The auditor's name and the opinion are transcribed verbatim from the filed audit report, and the wording follows the filer. A fiscal year shown twice means the filing carried two entries that the source does not distinguish.

Korean audit opinions come in four kinds, where an unqualified opinion (적정) finds the statements fairly presented, a qualified opinion (한정) does so except for a stated matter, an adverse opinion (부적정) finds them not fairly presented, and a disclaimer of opinion (의견거절) means the auditor could not obtain enough evidence to form a view.

Valuation

Valuation multiplesx

PER and PBR divide each period's closing price by the per-share figure filed for that same period, and a loss period is left blank. The quarterly view is a multiple of quarterly EPS.

Dividend historyKRW

The dividend-per-share bars are restated onto the current share basis for splits and par-value changes. The payout ratio and the dividend yield divide figures filed for the same period and are left unadjusted.

Payout ratio and dividend yield%

PER bandKRW

The price is the adjusted close and each band line multiplies the EPS of the latest completed fiscal year by a fixed multiple. The previous year's EPS stays in force until the next fiscal year ends, and the multiples divide the range between the lowest and highest annual PER on record into equal steps.

Valuation models

Five models priced under one set of assumptions, set beside the current price, with how each has moved by fiscal year.

Assumptions

Risk-free rate10-year treasury yield · 2026-10-084.40%
BetaDaily 5Y0.76
%
%
Cost of equity8.21%
Weighted average cost of capital—
Initial growth5.1%
Effective tax rate25.1%
Base fiscal year2025
Current priceKRW324,500

The risk premium and the terminal growth rate are adjustable assumptions, and the rest follow from the data and the formulas.

ModelModel priceKRWVersus current price
Gordon growth model221,768-31.7%
Dividend discount model DDM238,198-26.6%
Discounted cash flow FCFFBase-year cash flow not positive
Discounted cash flow FCFE391,430+20.6%
Residual income model RIM561,092+72.9%
The table prices the newest fiscal year's accounts at today's treasury yield and the current price.

Dividend and residual income familyKRW

Discounted cash flow familyKRW

Each fiscal year's figures use that year's accounts and the treasury yield at its period end, with beta held at its current value, and splits or par changes are restated to the current share basis.

How the figures are calculated

Each model's formula is shown in symbols and then with this issue's own numbers substituted, step by step. Changing a value in the assumptions panel changes the numbers here too. Firm-level amounts are in hundred million won and per-share values in won.

Cost of equity

r=rf+β×ERPr = r_f + \beta \times \mathit{ERP}

r = 4.40% + 0.76 × 5.00% = 8.21%

Initial growth

g1=max⁡{ROE×(1−payout), 0},gt=g1+(gT−g1) t−1N−1g_1 = \max\{\mathit{ROE} \times (1 - \text{payout}),\,0\},\qquad g_t = g_1 + (g_T - g_1)\,\frac{t-1}{N-1}

g_1 = max(8.18% × (1 − 37.41%), 0) = 5.12%

Growth starts at this value in the first year and falls by equal steps each year to reach the terminal rate in the fifth

Gordon growth model

P0=D0 (1+gT)r−gTP_0 = \frac{D_0\,(1 + g_T)}{r - g_T}

P_0 = 13,500 × (1 + 2.00%) / (8.21% − 2.00%) = 13,770 / 0.0621 = 221,768 KRW

Dividend discount model DDM

P0=∑t=1NDt(1+r)t+DN(1+gT)(r−gT) (1+r)N,Dt=Dt−1(1+gt)P_0 = \sum_{t=1}^{N} \frac{D_t}{(1+r)^t} + \frac{D_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad D_t = D_{t-1}(1+g_t)

D_0 = 13,500, g_1 = 5.12%, g_T = 2.00%, r = 8.21%

YearGrowthDividend KRWDiscount factorPresent value KRW
15.12%14,1910.924113,115
24.34%14,8070.854012,646
33.56%15,3350.789212,103
42.78%15,7610.729411,495
52.00%16,0760.674010,836
Terminal value2.00%264,0890.6740178,004
Total238,198

P_0 = 238,198 KRW

Residual income model RIM

P0=B0+∑t=1NRIt(1+r)t+RIN(1+gT)(r−gT) (1+r)N,RIt=(ROE−r) Bt−1P_0 = B_0 + \sum_{t=1}^{N} \frac{\mathit{RI}_t}{(1+r)^t} + \frac{\mathit{RI}_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad \mathit{RI}_t = (\mathit{ROE} - r)\,B_{t-1}

B_0 = 563,820 KRW, ROE = 8.18%, payout ratio = 37.41%, r = 8.21%, g_T = 2.00%

YearOpening book valueEarningsEquity chargeResidual incomeDiscount factorPresent value
1563,82046,13246,285-1530.9241-141
2592,69548,49548,655-1600.8540-137
3623,04950,97951,147-1690.7892-133
4654,95753,58953,767-1770.7294-129
5688,49956,33456,520-1860.6740-126
Terminal value-3,0600.6740-2,063

P_0 = 563,820 + -666 + -2,063 = 561,092 KRW

Discounted cash flow FCFE

FCFE0=CFO−CapEx+ΔD,P0=1Shares[∑t=1NFCFEt(1+r)t+FCFEN(1+gT)(r−gT) (1+r)N],FCFEt=FCFEt−1(1+gt)\mathit{FCFE}_0 = \mathit{CFO} - \mathit{CapEx} + \Delta D,\qquad P_0 = \frac{1}{\text{Shares}}\left[\sum_{t=1}^{N} \frac{\mathit{FCFE}_t}{(1+r)^t} + \frac{\mathit{FCFE}_N (1+g_T)}{(r - g_T)\,(1+r)^N}\right],\qquad \mathit{FCFE}_t = \mathit{FCFE}_{t-1}(1+g_t)

Base-year cash flow FCFE

FCFE_0 = -59,912.7 − 83,667.6 + 189,004.8 (net borrowing) = 45,424.4 KRW hundred million

YearGrowthCash flow KRW hundred millionDiscount factorPresent value KRW hundred million
15.12%47,750.80.924144,128.2
24.34%49,823.60.854042,550.7
33.56%51,597.70.789240,722.8
42.78%53,032.30.729438,679.7
52.00%54,092.90.674036,460.2
Terminal value2.00%888,598.50.6740598,942.2
Total801,483.9

P_0 = 801,483.9 KRW hundred million ÷ 204,757,766 (shares) = 391,430 KRW

The cost of equity is the risk-free rate plus beta times the equity risk premium. Initial growth is the newest fiscal year's return on equity times its retention ratio, floored at zero, and falls by equal steps from that value in the first year to the terminal rate in the fifth. Only the Gordon model grows at the terminal rate from the start. Discounted cash flow starts from operating cash flow less capital expenditure, where FCFF adds after-tax interest paid and discounts at the weighted average cost of capital, and FCFE adds net borrowing and discounts at the cost of equity. The residual income model adds to book value per share the present value of earnings above the equity charge.

Other issues on the same market

Neighbours in the market capitalisation order.

See the full KOSPI list