Hyundai Motor Co revenue growth accelerated to 9.3% in FY2019 vs. 0.45% a year earliner
22 Jan 2020 • About Hyundai Motor Co (
$HYUD) • By InTwits
Hyundai Motor Co reported FY2019 financial results today. Overall the company's long term financial model is characterised by the following facts: EBITDA Margin is declining: in FY2019 vs. 6.4% in FY2018 vs. 10.0% in FY2015.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Hyundai Motor Co's Revenue increased on 9.3%.
Net Income margin increased slightly on 1.3 pp from 1.6% to 2.8% in FY2019. Net Income margin declined at -1.2 pp per annum in the last 5 years.
Management team
Chung Mong-Koo is a the company's CEO. Chung Mong-Koo is a founder and has spent 2 years with the company.
Financial and operational results
FY ended 30 Nov -0001
Hyundai Motor Co ($HYUD) key annual financial indicators| mln. KRW | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 91,958,736 | 93,649,024 | 96,376,079 | 96,812,609 | 105,790,361 | 9.3% |
| Gross Profit | 18,257,440 | 17,689,304 | 17,577,907 | 15,142,130 | | |
| SG&A | 10,970,254 | 11,476,616 | 11,963,980 | 11,594,362 | | |
| EBITDA | 9,151,940 | 8,552,326 | 8,104,061 | 6,172,842 | | |
| EBIT | | | | 2,422,165 | | |
| Interest expence | | | | 307,070 | | |
| Tax | | | | 884,563 | | |
| Net Income | 6,417,300 | 5,406,440 | 4,032,820 | 1,508,080 | 3,014,350 | 99.9% |
Balance Sheet
|
|---|
| Cash | 7,331,463 | 7,890,089 | 8,821,529 | 9,113,625 | | |
| Inventory | | | | 10,714,858 | | |
| Accounts Payable | | | | 7,655,630 | | |
| Short Term Debt | 20,172,928 | 23,597,645 | 23,058,201 | 26,354,777 | | |
| Long Term Debt | 44,760,126 | 49,846,375 | 48,942,329 | 46,941,364 | | |
Cash flow
|
|---|
| Capex | 8,141,729 | 2,971,161 | 3,055,023 | 3,226,486 | | |
| Dividends | | | | 1,127,452 | | |
Ratios
|
|---|
| Revenue growth | 3.0% | 1.8% | 2.9% | 0.5% | 9.3% | |
| EBITDA growth | -9.4% | -6.6% | -5.2% | -23.8% | | |
|
|---|
| Gross Margin | 19.9% | 18.9% | 18.2% | 15.6% | | |
| EBITDA Margin | 10.0% | 9.1% | 8.4% | 6.4% | |
| EBIT Margin | | | | 2.5% | |
| SG&A, % of revenue | 11.9% | 12.3% | 12.4% | 12.0% | | |
| Net Income Margin | 7.0% | 5.8% | 4.2% | 1.6% | 2.8% | 1.3% |
| CAPEX, % of revenue | 8.9% | 3.2% | 3.2% | 3.3% | | |
|
|---|
| ROIC | 4.9% | 3.6% | 3.1% | 1.6% | | |
| ROE | 8.3% | 6.5% | 4.6% | 1.7% | | |
| Net Debt/EBITDA | 6.3x | 7.7x | 7.8x | 10.4x | |
| Interest coverage ratio (ICR) | | | | 7.9x | |
| Interest expence / Average debt | | | | 0.4% | | |
Peers in Automobiles & Parts
Below you can find Hyundai Motor Co benchmarking vs. other companies in Automobiles & Parts industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 6.0% | 4.3% | -2.8% | 6.5% | |
| Kumho Tire Co Inc ($KHTC) | -11.6% | -3.1% | -2.4% | -11.0% | |
| |
|---|
| Median (2 companies) | -2.8% | 0.6% | -2.6% | -2.3% | |
|---|
| Hyundai Motor Co ($HYUD) | | 1.8% | 2.9% | 0.5% | 9.3% |
Top companies by Gross margin, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 19.8% | 20.4% | 17.6% | 18.7% | |
| Kumho Tire Co Inc ($KHTC) | 25.5% | 25.3% | 16.0% | 15.2% | |
| |
|---|
| Median (2 companies) | 22.7% | 22.9% | 16.8% | 16.9% | |
|---|
| Hyundai Motor Co ($HYUD) | 19.9% | 18.9% | 18.2% | 15.6% | |
Top companies by EBITDA margin, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 15.3% | 15.8% | 13.1% | 14.1% | |
| Kumho Tire Co Inc ($KHTC) | 11.2% | 11.7% | 2.2% | 5.6% | |
| |
|---|
| Median (2 companies) | 13.2% | 13.7% | 7.7% | 9.8% | |
|---|
| Hyundai Motor Co ($HYUD) | 10.0% | 9.1% | 8.4% | 6.4% | |
Top companies by CAPEX/Revenue, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Kumho Tire Co Inc ($KHTC) | 22.2% | 12.4% | 10.1% | 6.2% | |
| Toyota Motor Corp ($TYT) | 4.2% | 4.5% | 4.4% | 4.4% | |
| |
|---|
| Median (2 companies) | 13.2% | 8.5% | 7.3% | 5.3% | |
|---|
| Hyundai Motor Co ($HYUD) | 8.9% | 3.2% | 3.2% | 3.3% | |
Top companies by ROIC, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Toyota Motor Corp ($TYT) | 7.5% | 7.3% | 5.1% | 6.0% | |
| Kumho Tire Co Inc ($KHTC) | 3.6% | 3.1% | -4.5% | -2.5% | |
| |
|---|
| Median (2 companies) | 5.5% | 5.2% | 0.3% | 1.8% | |
|---|
| Hyundai Motor Co ($HYUD) | 4.9% | 3.6% | 3.1% | 1.6% | |
Top companies by Net Debt / EBITDA
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Kumho Tire Co Inc ($KHTC) | 7.4x | 7.5x | 34.8x | 11.6x | |
| Toyota Motor Corp ($TYT) | 4.0x | 3.4x | 4.5x | 3.9x | |
| |
|---|
| Median (2 companies) | 5.7x | 5.4x | 19.7x | 7.8x | |
|---|
| Hyundai Motor Co ($HYUD) | 6.3x | 7.7x | 7.8x | 10.4x | |
