Financials Hyundai Autoever Corporation

Equities

A307950

KR7307950006

IT Services & Consulting

End-of-day quote Korea S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
1,54,000 ^KRW	-4.58%		+8.99%	-27.19%

18/03	Hyundai Autoever Corporation(KOSE:A307950) added to FTSE All-World Index	CI
19/01	C.E. Info Systems Bags INR4 Billion Contract	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,58,400	25,93,500	37,84,390	26,18,908	57,99,989	42,23,160	-	-
Enterprise Value (EV) ²	786.9	2,412	3,149	1,908	5,800	3,461	3,316	3,155
P/E ratio	18.9 x	44 x	51.1 x	23 x	42.1 x	25.7 x	21.5 x	18.2 x
Yield	1.41%	0.61%	0.54%	1.19%	-	1.06%	1.14%	1.38%
Capitalization / Revenue	0.67 x	1.66 x	1.83 x	0.95 x	1.89 x	1.22 x	1.08 x	0.94 x
EV / Revenue	0.5 x	1.54 x	1.52 x	0.69 x	1.89 x	1 x	0.85 x	0.7 x
EV / EBITDA	6.15 x	16.7 x	17.1 x	7.46 x	18.9 x	10.5 x	8.98 x	7.45 x
EV / FCF	12.3 x	24.4 x	16.1 x	12.6 x	-	17.3 x	14.4 x	10.3 x
FCF Yield	8.1%	4.1%	6.19%	7.93%	-	5.77%	6.96%	9.75%
Price to Book	2.07 x	4.67 x	2.77 x	1.77 x	-	2.47 x	2.23 x	2.08 x
Nbr of stocks (in thousands)	21,000	21,000	27,423	27,423	27,423	27,423	-	-
Reference price ³	50,400	1,23,500	1,38,000	95,500	2,11,500	1,54,000	1,54,000	1,54,000
Announcement Date	31/01/20	27/01/21	28/01/22	31/01/23	26/01/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,572	1,563	2,070	2,755	3,065	3,452	3,916	4,480
EBITDA ¹	127.9	144.4	184.6	255.6	306.4	330.4	369.2	423.3
EBIT ¹	80.21	86.81	96.11	142.4	181.4	205	259.3	310.8
Operating Margin	5.1%	5.56%	4.64%	5.17%	5.92%	5.94%	6.62%	6.94%
Earnings before Tax (EBT) ¹	83.36	84.41	97.32	154.8	181.7	220.7	266.9	303.7
Net income ¹	55.93	59	69.81	113.9	137.8	164.4	200.1	233
Net margin	3.56%	3.78%	3.37%	4.14%	4.49%	4.76%	5.11%	5.2%
EPS ²	2,673	2,809	2,702	4,154	5,024	5,990	7,159	8,446
Free Cash Flow ³	63,753	98,993	1,95,083	1,51,357	-	1,99,620	2,30,882	3,07,500
FCF margin	4,055.99%	6,335.18%	9,422.54%	5,494.87%	-	5,782.2%	5,896.19%	6,863.98%
FCF Conversion (EBITDA)	49,854.7%	68,573.39%	1,05,670.95%	59,211.71%	-	60,417.33%	62,534.31%	72,646.27%
FCF Conversion (Net income)	1,13,982.78%	1,67,793.51%	2,79,443.8%	1,32,863.45%	-	1,21,434.73%	1,15,366.94%	1,31,974.25%
Dividend per Share ²	710.0	750.0	750.0	1,140	-	1,629	1,755	2,132
Announcement Date	31/01/20	27/01/21	28/01/22	31/01/23	26/01/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	553.5	645.6	559.6	630.2	730.5	834.2	666	753.9	745.8	899.4	750.8	845.6	850.2	1,003
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	24.77	26.27	22.37	28.75	33.28	57.97	30.58	52.72	45.25	52.86	39.69	52.06	50.87	61.7
Operating Margin	4.48%	4.07%	4%	4.56%	4.56%	6.95%	4.59%	6.99%	6.07%	5.88%	5.29%	6.16%	5.98%	6.15%
Earnings before Tax (EBT) ¹	27.07	24.78	23.53	31.15	43.17	56.94	36.91	50.82	48.41	45.59	44.02	54.54	55.18	68.36
Net income ¹	18.8	19.74	17.28	21.62	31.23	43.8	31.12	37.87	35.71	33.07	32.13	39.94	39.91	50.54
Net margin	3.4%	3.06%	3.09%	3.43%	4.27%	5.25%	4.67%	5.02%	4.79%	3.68%	4.28%	4.72%	4.69%	5.04%
EPS ²	-	-	-	788.0	-	-	-	1,381	1,302	-	4,756	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	29/10/21	28/01/22	29/04/22	29/07/22	28/10/22	31/01/23	02/05/23	31/07/23	27/10/23	26/01/24	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	271	182	635	711	-	762	908	1,068
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	63,753	98,993	1,95,083	1,51,357	-	1,99,620	2,30,882	3,07,500
ROE (net income / shareholders' equity)	11.7%	11.1%	7.26%	8%	9.1%	10%	11.1%	12.9%
ROA (Net income/ Total Assets)	6.03%	5.61%	4.08%	4.59%	-	6.01%	6.82%	7.27%
Assets ¹	927.9	1,052	1,712	2,483	-	2,733	2,937	3,206
Book Value Per Share ³	24,349	26,430	49,873	53,923	-	62,366	68,964	74,149
Cash Flow per Share ³	-	5,506	8,018	7,340	-	10,879	11,811	12,359
Capex ¹	16.4	16.6	24.8	49.9	-	111	97.2	100
Capex / Sales	1.05%	1.06%	1.2%	1.81%	-	3.22%	2.48%	2.23%
Announcement Date	31/01/20	27/01/21	28/01/22	31/01/23	26/01/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Hyundai Autoever Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,54,000 KRW

Average target price

1,99,118 KRW

Spread / Average Target

+29.30%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

	1st Jan change	Capi.
HYUNDAI AUTOEVER CORPORATION	-27.19%	3.05B
ACCENTURE PLC	-14.89%	188B
TATA CONSULTANCY SERVICES LTD.	+1.79%	166B
IBM	+0.46%	151B
AUTOMATIC DATA PROCESSING, INC.	+6.16%	101B
RELX PLC	+4.92%	77.06B
CROWDSTRIKE HOLDINGS, INC.	+15.71%	71.46B
INFOSYS LIMITED	-8.23%	70.46B
SNOWFLAKE INC.	-21.54%	52.14B
HCL TECHNOLOGIES LIMITED	-7.18%	44.34B

Other IT Services & Consulting