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307950KOSPI

Hyundai Autoever

382,500
+2,500 (+0.66%)

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 Autoever was established on April 10, 2000. The company is listed on the KOSPI market and operates as an IT services provider.

The company provides IT services including system integration and IT outsourcing for information system planning and maintenance. It also develops and supplies vehicle software such as navigation solutions and software platforms for autonomous driving and connectivity.

Business overview as filed

가. 사업부문별 개요

(1) IT 서비스 부문 당사는 사용자가 필요로 하는 정보시스템에 관한 기획(IT 컨설팅)에서부터 구축, 운영, 유지보수까지 전 과정을 수행하는 IT 서비스업을 영위하고 있습니다. IT 서비스는 크게 SI와 ITO부문으로 나뉩니다. SI(System Integration)부문은 기업이 비즈니스를 수행하기 위해 필요한 정보화 시스템을 구축하는 사업이며, ITO(IT Outsourcing)는 고객의 IT 아웃소싱을 통하여 고객의 전산시스템을 운영 및 관리, 유지보수하는 사업입니다.(2) 차량용 SW 부문 당사는 내비게이션 SW, 차량 SW 플랫폼 등을 포함한 차량용 SW 사업을 영위하고 있습니다. 차량 SW 플랫폼 사업은 자율주행 및 커넥티비티 등 미래 자동차분야에 적용되는 차세대 고성능 SW 플랫폼과 통신 제어 기능 관련 SW를 개발 및 판매하는 사업입니다. 또한, 위치 기반 내비게이션 솔루션을 바탕으로 차량용 인포테인먼트, 차량용 커넥티비티, 자율주행용 정밀 지도 등의 사업을 영위하고 있습니다.

Company overview

현대오토에버주식회사(이하 '회사')는 2000년 4월 10일에 설립되어 정보시스템 기획(IT 컨설팅), 시스템 구축, 운영 및 유지보수 등의 IT 서비스 사업과 차량 SW 플랫폼, 내비게이션 SW 등을 포함한 차량용 SW 사업을 영위하고 있습니다.

가. 연결대상 종속회사 개황- 연결대상 종속회사 현황(요약)

주요 종속회사는 2025년말 자산 기준

1-1. 연결대상회사의 변동내용

나. 회사의 법적ㆍ상업적 명칭당사의 명칭은 현대오토에버(주)이고 영문명은 Hyundai Autoever Corporation입니다.

다. 설립일자당사는 2000년 4월 10일 오토에버닷컴 주식회사로 설립되었습니다.

라. 본사의 주소, 전화번호, 홈페이지 주소

마. 중소기업 등 해당 여부

바. 대한민국에 대리인이 있는 경우에는 이름(대표자), 주소 및 연락처당사는 본 보고서 작성기준일 현재 해당사항 없습니다.

사. 주요 사업의 내용 및 향후 추진 신규사업

(1) 주요 사업내용(가) 당사 당사는 기업의 정보시스템 구축(SI, System Integration), 고객 업무시스템을 운영 및 유지보수하는 IT 아웃소싱(ITO, IT Outsourcing), 차량 SW 플랫폼, 내비게이션 SW 등을 포함하는 차량용 SW를 개발 및 공급하는 사업을 주된 사업으로 영위하는 IT서비스사입니다.

(나) 종속회사 당사의 종속회사인 11개사도 당사와 유사하게 정보처리 및 기타 컴퓨터 운영 관련업을 주요 사업으로 영위하고 있습니다.(2) 향후 추진 신규사업 당사는 보고서 제출일 기준 현재 영위하는 사업 이외에 신규로 추진중인 사업은 없습니다.

아. 신용평가에 관한 사항(1) 최근 3년간 신용평가 내역

(2) 신용등급 체계

자. 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

4.98%
[1.66%, 14.37%] · As of 2026-09-29
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 66.4% (2026-07-30). 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

0.83
Beta [0.65, 1.00] · KOSPI200 · As of 2026-10-02
Intercept
+0.175%[-0.516%, +0.867%]
R squared
0.22
Observations
252
Trading-time corrected beta
1.20[0.85, 1.56]
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

201720182019202020212022202320242025TTM
RevenueKRW 100M14,73414,24915,71815,62620,70427,54530,65037,13642,52145,635
Revenue growth%—-3.2910.31-0.5932.5033.0411.2721.1614.50—
Operating incomeKRW 100M——8028689611,4241,8142,2442,5532,589
Operating income growth%———8.2310.7048.1327.4323.7113.75—
Net incomeKRW 100M5525525696087141,1621,4031,7521,8681,953
Net income growth%—0.092.986.8817.4162.7820.7824.856.63—
Attributable to ownersKRW 100M5375405595906981,1391,3781,7081,8251,908
Attributable to minoritiesKRW 100M1512918162325444346
Operating margin%——5.105.564.645.175.926.046.005.67
Net margin%3.753.883.623.893.454.224.584.724.394.28
ROE%13.0512.1010.9810.635.107.708.7210.019.8810.08
ROA%6.866.665.545.643.044.434.945.235.185.55
Debt ratio%93.3783.5999.3591.5170.5375.7678.5593.5592.3183.21
Current ratio%179.25187.37185.32191.02203.92191.90198.68178.35173.94187.45
Quick ratio%179.10187.22184.11189.97203.46191.03198.15178.06173.76187.22
Reserve ratio%3,941.584,269.964,783.695,251.779,885.2310,688.8211,394.8612,206.6313,210.4913,451.31
Free cash flowKRW 100M3542486389901,9511,5121,8341,7092,541—
FCF margin%2.401.744.066.349.425.495.984.605.98—
OCF conversion%90.5382.55141.02190.20308.10173.26148.88146.12226.78—
Capex to revenue%0.991.461.051.061.201.820.832.293.99—
Receivable daysdays———5.76.26.6————
Inventory daysdays—0.20.71.20.80.80.80.50.3—
Payable daysdays———20.023.127.9————
Cash conversion cycledays———-13.1-16.2-20.4————
EPSKRW——2,6732,8092,7024,1545,0246,2286,6546,957
PERx——18.8643.9751.0722.9942.1020.2549.8976.19
BPSKRW——24,25926,43049,87353,92357,61162,18767,35468,995
PBRx——2.084.672.771.773.672.034.937.68
Dividend per shareKRW—6907107507001,140—1,4301,780—
Payout ratio%——26.5626.7025.9127.44—22.9626.75—

Consolidated basis

Profit flowKRW 100M

Revenue
42,521
Cost of sales
38,065
Gross profit
4,455
Operating income
2,553
Other
1,902
Non-operating income
0
Profit before tax
2,553
Net income
1,868
Income tax expense
685

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

201720182019202020212022202320242025
8,0408,29110,26710,77023,46126,194*28,43133,49536,052
3,8823,7755,1175,1469,70311,291*12,50716,19017,305
4,1584,5165,1505,62413,75814,904*15,92317,30518,747

Income statement

201720182019202020212022202320242025
14,73414,24915,71815,62620,70427,545*30,65037,13642,521
Not applicableNot applicable8028689611,424*1,8142,2442,553
Not applicableNot applicable8348449731,548*1,8172,2672,553
5525525696087141,162*1,4031,7521,868
Basic earnings per shareKRWNot applicableNot applicable2,6732,8092,7024,1545,0246,2286,654
Diluted earnings per shareKRWNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable
5645036216238501,338*1,3521,7241,939

Cash flow statement

201720182019202020212022202320242025
Net incomefrom the income statement5525525696087141,1621,4031,7521,868
Total adjustments to operating cash flowcomputed-52-962335481,4858516868082,368
5004568021,1562,1992,013*2,0892,5604,236
31-266-2,282-313-1,2292,815*-1,804-2,749-3,394
-143-93-272-503-558-630*-1,096-903-1,672
Cash at beginning of periodKRW 100MNot applicableNot applicable2,4026599511,403*5,5954,8263,825
2,2962,4026599511,4035,595*4,8263,8253,011
Net change in cash and cash equivalentsKRW 100MNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable

In the latest fiscal year cash generated by operations covered both investing outflows and financing outflows.

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
2025적정의견Term 26삼일회계법인2025-12-31
2024적정의견Term 25삼일회계법인2025-12-31
2023적정의견Term 24삼일회계법인2025-12-31
2022적정Term 23삼일회계법인2022-12-31
2021적정Term 22삼일회계법인2022-12-31
2020적정Term 21삼일회계법인2022-12-31
2019적정Term 20삼일회계법인2019-12-31
2018적정Term 19한영회계법인2019-12-31
2017적정Term 18한영회계법인2019-12-31

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 · 2026-10-024.37%
BetaDaily 5Y0.86
%
%
Cost of equity8.68%
Weighted average cost of capital—
Initial growth7.2%
Effective tax rate26.8%
Base fiscal year2025
Current priceKRW382,500

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 model27,200-92.9%
Dividend discount model DDM30,624-92.0%
Discounted cash flow FCFFNo borrowing line filed
Discounted cash flow FCFE159,424-58.3%
Residual income model RIM81,803-78.6%
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 = 4.37% + 0.86 × 5.00% = 8.68%

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(9.88% × (1 − 26.75%), 0) = 7.24%

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 = 1,780 × (1 + 2.00%) / (8.68% − 2.00%) = 1,816 / 0.0668 = 27,200 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 = 1,780, g_1 = 7.24%, g_T = 2.00%, r = 8.68%

YearGrowthDividend KRWDiscount factorPresent value KRW
17.24%1,9090.92021,756
25.93%2,0220.84671,712
34.62%2,1150.77911,648
43.31%2,1850.71691,567
52.00%2,2290.65971,471
Terminal value2.00%34,0610.659722,471
Total30,624

P_0 = 30,624 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 = 67,354 KRW, ROE = 9.88%, payout ratio = 26.75%, r = 8.68%, g_T = 2.00%

YearOpening book valueEarningsEquity chargeResidual incomeDiscount factorPresent value
167,3546,6545,8438110.9202746
272,2297,1366,2668700.8467737
377,4557,6526,7199330.7791727
483,0608,2067,2061,0000.7169717
589,0718,8007,7271,0730.6597708
Terminal value16,3920.659710,814

P_0 = 67,354 + 3,635 + 10,814 = 81,803 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 = 4,236.1 − 1,694.9 + 0.0 (net borrowing) = 2,541.2 KRW hundred million

YearGrowthCash flow KRW hundred millionDiscount factorPresent value KRW hundred million
17.24%2,725.10.92022,507.5
25.93%2,886.60.84672,444.1
34.62%3,019.90.77912,352.9
43.31%3,119.80.71692,236.7
52.00%3,182.20.65972,099.3
Terminal value2.00%48,627.10.659732,079.6
Total43,720.3

P_0 = 43,720.3 KRW hundred million ÷ 27,423,982 (shares) = 159,424 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