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[Deep Dive] 2026.08.05 Hyundai Motor (005380) +38% YTD — Fundamentals, Valuation & Outlook

005380 closed at 404,500, +3.06% on the day and +37.5% year to date — monthly change bars for this year

Written by

Prunus mume

in

Stock Deep Dive · 2026-08-05

🌐 한국어판 보기

Hyundai Motor (005380) closed at ₩404,500, up 3.06% on the day. Year-to-date return is +37.5%, sitting at 34% of its 52-week range. Next earnings: 2026-10-29 (in 85 days). Listed in Seoul — for USD-based investors, KRW moves add an FX layer on top of the stock’s local return.

Close
₩404,500
+3.06% · YTD +37.5%
Market Cap
₩105.91T
Auto Manufacturers
Forward P/E
8.3x
PER 12.3x
52-wk Range
34%
High ₩783,000 · Low ₩208,500

🔍 At a Glance

Hyundai Motor trades at a rock-bottom forward PER of 8.3 and PBR of 0.9, with a “buy” consensus from 31 analysts averaging a target of ₩682,004 — well above the current ₩404,500, implying substantial re-rating potential if execution holds. Yet the stock is down 19.4% over one month and 27% over three months despite a +37.5% YTD gain, sitting only 34% up its 52-week range, so the bull case on cheap valuation and steady 1.9% revenue growth (₩188.71T TTM) must be weighed against a 5.5% operating margin and 7.2% ROE that remain thin for a global auto major, and against sharp recent price instability.

🏢 How It Makes Money

Hyundai’s core is the Vehicle segment — mass-market sedans, SUVs, and a fast-expanding EV/hybrid lineup (IONIQ, KONA Electric, TUCSON Hybrid) sold globally — supplemented by a Finance arm (auto loans, credit cards) and smaller businesses including rail manufacturing. As a KOSPI-listed chaebol flagship, its earnings are sensitive to global auto demand cycles, EV adoption pace, and the KRW/USD rate, which affects both export competitiveness and USD-based investor returns.

📈 Quarterly Results — Is Business Growing?

Quarter Revenue Op. Income Net Income Op. Margin
25Q1 ₩44.41T ₩3.63T ₩3.16T 8.2%
25Q2 ₩48.29T ₩3.60T ₩3.00T 7.5%
25Q3 ₩46.72T ₩2.54T ₩2.26T 5.4%
25Q4 ₩46.84T ₩1.70T ₩1.03T 3.6%
26Q1 ₩45.94T ₩2.51T ₩2.34T 5.5%
26Q2* ₩49.22T ₩2.85T ₩2.52T 5.8%

* 26Q2 figures come from the company’s preliminary earnings disclosure filed with Korea’s DART on 2026-07-23. They are unaudited and will be replaced once the reviewed quarterly or half-year report is filed.

Latest-quarter revenue up +1.9% versus the same quarter a year ago.

Quarterly revenue and income chart

💡 Korea Market 101
A company posts a report card every quarter; this table lines them up in order. Revenue is everything it sold; operating income is what’s left after costs — the true profit from the core business. Steadily rising numbers mean the business is working, and an expanding operating margin is an even better sign. Over time, stock prices tend to follow these report cards.

⚖️ Valuation — Cheap or Expensive?

Metric Value How to read it
P/E (trailing) 12.3x Price vs last 12 months’ earnings
P/E (forward) 8.3x Price vs next 12 months’ expected earnings — growth hopes baked in
P/S 0.6x Price vs revenue — for high-growth names with thin profits
P/B 0.9x Price vs book value — below 1x means priced under liquidation value
EV/EBITDA 20.6x Enterprise value (incl. debt) vs cash generation

Peer comparison

Name Mkt Cap P/E Fwd P/E P/S
HyundaiMtr ₩105.91T — 8.3x 0.6x
KIA CORP. ₩51.69T — 5.6x 0.4x
Toyota Motor Corporation $224.00B 9.9x 12.0x 0.0x
General Motors Company $79.87B 39.2x 6.0x 0.4x
💡 Korea Market 101
Cheap or expensive is judged by multiples of earnings, not the share price itself. A P/E of 20 means you pay 20 years of current profits for the company. Fast growers earn high multiples — but when growth cracks, the multiple breaks first. That’s why the peer table matters: if one name is far pricier than its rivals, check whether its growth actually justifies the premium.

💰 Dividend — What It Pays Back

  • Dividend yield: 2.54%
  • Dividend per share: ₩10,000
  • 5-year average yield: 4.02% — below its historical average at the current price
  • Payout ratio: 30.4%
💡 Korea Market 101
Dividend yield is one year of dividends against the share price. A falling price pushes the yield up, so a high number is not automatically good. The payout ratio is the share of profit paid out; above 100% means it is paying more than it earns, which is hard to sustain.

🎯 Street Consensus

  • Price target (mean): ₩682,004
  • Target high / low: ₩900,000 / ₩463,129
  • Implied upside: +68.6%
  • Rating: Buy (1.7/5)
  • Analysts covering: 31
  • Next earnings: 2026-10-29
💡 Korea Market 101
The average of sell-side analysts’ 12-month price forecasts. A target far above the current price doesn’t guarantee upside — sometimes the stock just fell faster than analysts cut their numbers. The direction of target revisions matters more than the level, and more analysts means a more reliable consensus.

📉 Price Action — Technical Check

1-year price chart with 50/200-day moving averages

Indicator Value How to read it
RSI (14d) 42.9 Above 70 overbought · below 30 oversold
vs 60-day MA -25.6% Above/below the medium-term trend
vs 200-day MA -9.4% Above/below the long-term trend
Golden/death cross 50-day above 200-day (bullish alignment) 50-day MA crossing above (golden) or below (death) the 200-day
Volume (vs 20d avg) 0.6x 2x+ means a spike in market attention
💡 Korea Market 101
Fundamentals tell you what the company is; technicals tell you how the market is treating the stock right now. Above the 50- and 200-day moving averages = uptrend; below = downtrend. RSI is a short-term heat gauge — above 70, the stock has run hot and may need to cool off. Even great companies keep falling in the middle of a downtrend, so this helps with the timing question.

📰 Recent News

How to read these headlines

Several headlines actually concern Hyundai Motor India, a separately listed subsidiary — worth confirming which entity is being discussed, since its dividend and earnings moves don’t directly translate to the Korea-listed parent. The more relevant Korea-specific headlines — a 15% surge on Nvidia tie-up speculation followed by a “crashing” headline and valuation warnings — illustrate the volatility embedded in recent price action, suggesting speculative flows around AI/tech partnership narratives are currently a bigger swing factor than fundamentals.

Headlines are credited to their publishers — click a headline to open the original article. The commentary is written by this site and does not represent the views of any publisher.

💡 Korea Market 101
Recent headlines on this name. Earnings, product launches, big contracts, and lawsuits are the catalysts that move the stock.

🔭 Scenarios & What to Watch

With RSI at 42.9 and price 25.6% below its 60-day average but only 9.4% below its 200-day average, the stock looks technically oversold short-term but not in a structural downtrend. Watch the next earnings release on October 29, 2026, for confirmation of margin trends and volume recovery; sustained operating margins near or above 5.5% and any progress on EV cost structure could support the bullish target range (₩463,129–₩900,000), while further deceleration in revenue growth may weigh on sentiment.

Next earnings on 2026-10-29 (in 85 days) — guidance usually decides the stock’s direction more than the reported quarter.

💡 Korea Market 101
These scenarios are if-then conditions, not predictions. The investor’s job isn’t to guess right — it’s to check, at each earnings report, which side’s conditions are actually coming true.

📚 All stock analysis · More on Hyundai Motor · Market report for this session

Stock report · published 2026-08-05 16:01 KST
For information only — a summary of public data, not a recommendation to buy or sell any security. Source data (Yahoo Finance and others) may be delayed or contain errors. All investment decisions are your own responsibility.

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