Financials HD Hyundai Energy Solutions Co.,Ltd.

Equities

A322000

KR7322000001

Renewable Energy Equipment & Services

End-of-day quote Korea S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
23,950 KRW -0.83% Intraday chart for HD Hyundai Energy Solutions Co.,Ltd. +0.63% -14.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 193,200 446,320 239,680 546,560 313,040 268,800 - -
Enterprise Value (EV) 2 193.2 446.3 239.7 546.6 313 274.2 276.7 268.8
P/E ratio - - -36 x 9.02 x -109 x 9.54 x 8.7 x -
Yield - - - - - 2.5% 2.5% -
Capitalization / Revenue 0.43 x 1.13 x - 0.55 x 0.57 x 0.39 x 0.34 x 0.3 x
EV / Revenue 0.43 x 1.13 x - 0.55 x 0.57 x 0.4 x 0.35 x 0.3 x
EV / EBITDA - - - 5.43 x 9.94 x 5.26 x 4.67 x 4.07 x
EV / FCF - - - - - 26.1 x 65.9 x -
FCF Yield - - - - - 3.83% 1.52% -
Price to Book - 1.36 x - 1.43 x - 0.66 x 0.63 x -
Nbr of stocks (in thousands) 11,200 11,200 11,200 11,200 11,200 11,200 - -
Reference price 3 17,250 39,850 21,400 48,800 27,950 24,000 24,000 24,000
Announcement Date 2/5/20 2/4/21 3/14/22 2/6/23 1/23/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 446.1 394.4 - 984.8 546.1 684 790.3 883
EBITDA 1 - - - 100.7 31.49 52.1 59.2 66
EBIT 1 22.06 8.781 - 90.17 17.54 38.3 45.3 53
Operating Margin 4.95% 2.23% - 9.16% 3.21% 5.6% 5.73% 6%
Earnings before Tax (EBT) 1 - - - 74.94 -3.438 35.5 38.9 -
Net income 1 - - -6.656 60.61 -2.864 28.2 30.9 38
Net margin - - - 6.15% -0.52% 4.12% 3.91% 4.3%
EPS 2 - - -594.0 5,412 -256.0 2,517 2,758 -
Free Cash Flow 3 - - - - - 10,500 4,200 -
FCF margin - - - - - 1,535.09% 531.44% -
FCF Conversion (EBITDA) - - - - - 20,153.55% 7,094.59% -
FCF Conversion (Net income) - - - - - 37,234.04% 13,592.23% -
Dividend per Share 2 - - - - - 600.0 600.0 -
Announcement Date 2/5/20 2/4/21 3/14/22 2/6/23 1/23/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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 1 149.7 - 264.1 268.3 276.3 140.8 151.1 140.9 113.3 97.59 184.2 182.2 181.5
EBITDA - - - - - - - - - - - - -
EBIT 1 -0.585 - 23.77 30.32 28.34 8.049 7.903 6.467 -4.876 -14.24 10.3 12.3 10.2
Operating Margin -0.39% - 9% 11.3% 10.26% 5.72% 5.23% 4.59% -4.3% -14.59% 5.59% 6.75% 5.62%
Earnings before Tax (EBT) 1 -7.231 - 19.24 18.9 32.31 5.123 6.482 5.618 -20.66 -25.9 8.9 9.9 12.4
Net income 1 -7.817 5.589 16.22 14.55 24.25 4.071 5.241 5.194 -17.37 -19.4 7.1 7.9 9.9
Net margin -5.22% - 6.14% 5.42% 8.78% 2.89% 3.47% 3.69% -15.33% -19.88% 3.85% 4.34% 5.45%
EPS - 499.0 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 10/25/21 5/16/22 7/28/22 10/24/22 2/6/23 4/26/23 7/25/23 10/24/23 1/23/24 4/23/24 - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 5.4 7.9 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - 0.1036 x 0.1334 x -
Free Cash Flow 2 - - - - - 10,500 4,200 -
ROE (net income / shareholders' equity) - 1.93% - 17.3% -0.76% 6.9% 7.2% 8.3%
ROA (Net income/ Total Assets) - - - 9.63% - 4.6% 4.8% -
Assets 1 - - - 629.2 - 613 643.8 -
Book Value Per Share 3 - 29,352 - 34,068 - 36,233 38,316 -
Cash Flow per Share - - - - - - - -
Capex 1 - - - 13.3 - 17.2 20.7 -
Capex / Sales - - - 1.35% - 2.51% 2.62% -
Announcement Date 2/5/20 2/4/21 3/14/22 2/6/23 1/23/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
24,000 KRW
Average target price
25,000 KRW
Spread / Average Target
+4.17%
Consensus

Quarterly revenue - Rate of surprise

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