Hyundai Motor (005380)

Hyundai Motor Company, established in 1967, is a global finished vehicle manufacturer that produces and sells a diverse range of vehicles, including passenger cars, RVs, commercial vehicles, and eco-friendly cars. Its main business segments consist of the Vehicle segment, which includes the manufacturing and sales of vehicles and automotive parts, as well as vehicle maintenance; the Finance segment, which handles vehicle installment financing and payment processing services; and the Other segment, which includes the production of railway vehicles. As of 2024, the revenue breakdown is approximately 78% from the Vehicle segment, 16% from the Finance segment, and 6% from the Other segment. The company offers passenger cars such as Avante, Sonata, and Grandeur; an SUV lineup including Kona, Tucson, Santa Fe, and Palisade; and electric vehicles and hydrogen fuel cell electric vehicles like IONIQ 5, NEXO, EV6, and EV9 as its core products. Furthermore, it is actively investing in the development of future mobility technologies such as robotics, software-defined vehicles (SDV), autonomous driving, and advanced air mobility (AAM), thereby expanding its business scope. Hyundai Motor Company possesses excellent product competitiveness and high-performance electrification technology, proven by numerous awards in global automotive competitions. In particular, its mass production system, efficient supply chain management capabilities, cost competitiveness, and battery and semiconductor supply chain management expertise are strong advantages for the company. Moreover, it has secured high brand value and market position, including leading the automotive industry for 14 consecutive years in customer loyalty surveys among U.S. consumers. Hyundai Motor Company's annual revenue has shown a consistent growth trend. It increased by 14.1% from KRW 142.5275 trillion in 2022 to KRW 162.6636 trillion in 2023, followed by a 7.7% increase to KRW 175.2312 trillion in 2024, and a 6.3% increase to KRW 186.2545 trillion in 2025. In contrast, operating income peaked at KRW 15.1269 trillion in 2023, then showed a downward trend, decreasing by 5.9% to KRW 14.2396 trillion in 2024, and further decreasing by 19.5% to KRW 11.4679 trillion in 2025. Consequently, the operating profit margin also decreased from 9.29% in 2023 to 6.16% in 2025. The quarterly performance for 2025 showed an unusual pattern: Q1 revenue was KRW 44.4078 trillion and operating income was KRW 3.6336 trillion; however, Q2 revenue was KRW -1.5652 trillion and operating income was KRW -1.0643 trillion; Q3 revenue was KRW 3.8789 trillion and operating income was KRW -32.0 billion; and Q4 revenue was KRW 139.5330 trillion and operating income was KRW 8.9306 trillion. Examining Hyundai Motor Company's financial soundness, the debt-to-equity ratio slightly decreased from 181.36% in 2022 to 177.44% in 2023, but is trending upwards again to 182.52% in 2024 and 188.95% in 2025. The current ratio improved from 129.84% in 2022 to 145.60% in 2024, then slightly declined to 136.35% in 2025, but generally maintains sound short-term liquidity. According to the provided data, the ROE (Return on Equity) figures are not specified. Amidst the EV "chasm" and intensifying global competition among finished vehicle manufacturers, Hyundai Motor Company aims to transform itself from an automobile manufacturer into a "smart mobility solutions provider." To achieve this, it is continuously investing in future mobility areas such as expanding its dedicated EV lineup, accelerating the transition to a software-defined vehicle (SDV) development system, urban air mobility (UAM), robotics, and hydrogen energy. Through these strategies, the company is expected to secure leadership in the electrification market and establish new revenue generation foundations in platform service businesses.