Buy Or Sell Opportunity • Jun 09
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to ₩182,300. The fair value is estimated to be ₩150,786, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩173,800, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Machinery industry in South Korea. Total returns to shareholders of 446% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩151,046 per share. Buy Or Sell Opportunity • May 07
Now 26% undervalued Over the last 90 days, the stock has risen 17% to ₩236,000. The fair value is estimated to be ₩319,534, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩268,500, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 19x in the Machinery industry in South Korea. Total returns to shareholders of 708% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩259,141 per share. Reported Earnings • Apr 26
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₩1.46t (up 24% from 1Q 2025). Net income: ₩202.7b (up 28% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in South Korea. Announcement • Apr 12
Hyundai Rotem Company to Report Q1, 2026 Final Results on Apr 24, 2026 Hyundai Rotem Company announced that they will report Q1, 2026 final results at 2:00 PM, Alaskan Daylight on Apr 24, 2026 Buy Or Sell Opportunity • Apr 11
Now 21% overvalued Over the last 90 days, the stock has fallen 4.1% to ₩210,000. The fair value is estimated to be ₩173,360, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩210,500, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Machinery industry in South Korea. Total returns to shareholders of 708% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩208,500, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Machinery industry in South Korea. Total returns to shareholders of 772% over the past three years. Declared Dividend • Mar 01
Dividend increased to ₩600 Dividend of ₩600 is 200% higher than last year. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 0.3%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 3%. Cash payout ratio: 3%. Announcement • Feb 28
Hyundai Rotem Company, Annual General Meeting, Mar 27, 2026 Hyundai Rotem Company, Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 488, changwon-daero, seongsan-gu, gyeongsangnam-do, changwon South Korea Announcement • Feb 27
Hyundai Rotem Company announces Annual dividend Hyundai Rotem Company announced Annual dividend of KRW 600.0000 per share, ex-date on March 30, 2026 and record date on March 31, 2026. Reported Earnings • Feb 01
Full year 2025 earnings released: EPS: ₩7,055 (vs ₩3,728 in FY 2024) Full year 2025 results: EPS: ₩7,055 (up from ₩3,728 in FY 2024). Revenue: ₩5.84t (up 33% from FY 2024). Net income: ₩770.0b (up 89% from FY 2024). Profit margin: 13% (up from 9.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 08
Price target increased by 10% to ₩301,176 Up from ₩273,438, the current price target is an average from 17 analysts. New target price is 52% above last closing price of ₩198,700. Stock is up 215% over the past year. The company is forecast to post earnings per share of ₩7,569 for next year compared to ₩3,728 last year. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: ₩1,819 (vs ₩954 in 3Q 2024) Third quarter 2025 results: EPS: ₩1,819 (up from ₩954 in 3Q 2024). Revenue: ₩1.62t (up 48% from 3Q 2024). Net income: ₩198.5b (up 91% from 3Q 2024). Profit margin: 12% (up from 9.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Nov 04
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩5.67b to ₩5.99b. EPS estimate increased from ₩7,271 to ₩8,005 per share. Net income forecast to grow 59% next year vs 50% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩273,438 to ₩280,313. Share price fell 3.8% to ₩229,000 over the past week. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩242,500, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 921% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩241,481 per share. Price Target Changed • Aug 08
Price target increased by 11% to ₩264,333 Up from ₩237,267, the current price target is an average from 15 analysts. New target price is 44% above last closing price of ₩183,500. Stock is up 297% over the past year. The company is forecast to post earnings per share of ₩7,209 for next year compared to ₩3,728 last year. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ₩1,746 (vs ₩928 in 2Q 2024) Second quarter 2025 results: EPS: ₩1,746 (up from ₩928 in 2Q 2024). Revenue: ₩1.42t (up 30% from 2Q 2024). Net income: ₩190.6b (up 88% from 2Q 2024). Profit margin: 13% (up from 9.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 06
Consensus EPS estimates increase by 23% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₩6,947 to ₩8,551. Revenue forecast steady at ₩5.54b. Net income forecast to grow 87% next year vs 52% growth forecast for Machinery industry in South Korea. Consensus price target broadly unchanged at ₩237,933. Share price was steady at ₩196,800 over the past week. Price Target Changed • Jul 03
Price target increased by 13% to ₩202,600 Up from ₩179,533, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of ₩196,100. Stock is up 415% over the past year. The company is forecast to post earnings per share of ₩6,988 for next year compared to ₩3,728 last year. Price Target Changed • Jun 19
Price target increased by 11% to ₩179,533 Up from ₩161,867, the current price target is an average from 15 analysts. New target price is 16% below last closing price of ₩213,000. Stock is up 431% over the past year. The company is forecast to post earnings per share of ₩7,002 for next year compared to ₩3,728 last year. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩179,700, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 811% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩180,554 per share. Price Target Changed • Jun 11
Price target increased by 8.8% to ₩161,867 Up from ₩148,800, the current price target is an average from 15 analysts. New target price is 5.3% below last closing price of ₩170,900. Stock is up 356% over the past year. The company is forecast to post earnings per share of ₩6,966 for next year compared to ₩3,728 last year. Buy Or Sell Opportunity • May 28
Now 22% undervalued Over the last 90 days, the stock has risen 66% to ₩137,300. The fair value is estimated to be ₩176,124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩135,300, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Machinery industry in South Korea. Total returns to shareholders of 620% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩164,482 per share. Price Target Changed • May 20
Price target increased by 10% to ₩148,800 Up from ₩135,267, the current price target is an average from 15 analysts. New target price is 31% above last closing price of ₩113,700. Stock is up 193% over the past year. The company is forecast to post earnings per share of ₩6,771 for next year compared to ₩3,728 last year. Reported Earnings • May 17
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₩1,451 (up from ₩515 in 1Q 2024). Revenue: ₩1.18t (up 57% from 1Q 2024). Net income: ₩158.4b (up 182% from 1Q 2024). Profit margin: 14% (up from 7.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 16
Consensus EPS estimates increase by 30% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₩6,315 to ₩8,215. Revenue forecast steady at ₩5.59b. Net income forecast to grow 120% next year vs 41% growth forecast for Machinery industry in South Korea. Consensus price target broadly unchanged at ₩136,600. Share price fell 9.2% to ₩113,900 over the past week. Price Target Changed • Apr 26
Price target increased by 8.8% to ₩135,267 Up from ₩124,333, the current price target is an average from 15 analysts. New target price is 19% above last closing price of ₩113,700. Stock is up 196% over the past year. The company is forecast to post earnings per share of ₩6,315 for next year compared to ₩3,728 last year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩104,900, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Machinery industry in South Korea. Total returns to shareholders of 452% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩209,201 per share. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Outside Director Kwag Se-boong was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 27
Price target increased by 8.5% to ₩114,467 Up from ₩105,500, the current price target is an average from 15 analysts. New target price is 11% above last closing price of ₩102,700. Stock is up 199% over the past year. The company is forecast to post earnings per share of ₩6,219 for next year compared to ₩3,728 last year. Price Target Changed • Mar 18
Price target increased by 7.4% to ₩105,500 Up from ₩98,250, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ₩110,000. Stock is up 248% over the past year. The company is forecast to post earnings per share of ₩6,185 for next year compared to ₩3,728 last year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩90,500, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Machinery industry in South Korea. Total returns to shareholders of 361% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩83,566 per share. Announcement • Feb 22
Hyundai Rotem Company, Annual General Meeting, Mar 26, 2025 Hyundai Rotem Company, Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 488, changwon-daero, seongsan-gu, gyeongsangnam-do, changwon South Korea Major Estimate Revision • Feb 13
Consensus EPS estimates increase by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩5.41b to ₩5.61b. EPS estimate increased from ₩4,703 to ₩6,099 per share. Net income forecast to grow 64% next year vs 29% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩77,731 to ₩92,233. Share price rose 12% to ₩80,100 over the past week. Reported Earnings • Feb 08
Full year 2024 earnings released: EPS: ₩3,728 (vs ₩1,475 in FY 2023) Full year 2024 results: EPS: ₩3,728 (up from ₩1,475 in FY 2023). Revenue: ₩4.38t (up 22% from FY 2023). Net income: ₩406.9b (up 153% from FY 2023). Profit margin: 9.3% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 07
Price target increased by 9.1% to ₩84,821 Up from ₩77,731, the current price target is an average from 14 analysts. New target price is 6.6% above last closing price of ₩79,600. Stock is up 174% over the past year. The company is forecast to post earnings per share of ₩3,655 for next year compared to ₩1,475 last year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩71,500, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 276% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩132,068 per share. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩52,000, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Machinery industry in South Korea. Total returns to shareholders of 176% over the past three years. Price Target Changed • Nov 02
Price target increased by 9.9% to ₩73,643 Up from ₩67,000, the current price target is an average from 14 analysts. New target price is 20% above last closing price of ₩61,500. Stock is up 151% over the past year. The company is forecast to post earnings per share of ₩3,531 for next year compared to ₩1,475 last year. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: ₩954 (vs ₩377 in 3Q 2023) Third quarter 2024 results: EPS: ₩954 (up from ₩377 in 3Q 2023). Revenue: ₩1.09t (up 18% from 3Q 2023). Net income: ₩104.1b (up 153% from 3Q 2023). Profit margin: 9.5% (up from 4.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 30
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩4.14b to ₩4.21b. EPS estimate increased from ₩3,147 to ₩3,476 per share. Net income forecast to grow 74% next year vs 52% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩67,000 to ₩70,385. Share price was steady at ₩63,800 over the past week. Price Target Changed • Oct 04
Price target increased by 7.0% to ₩63,833 Up from ₩59,636, the current price target is an average from 12 analysts. New target price is 12% above last closing price of ₩57,000. Stock is up 109% over the past year. The company is forecast to post earnings per share of ₩3,151 for next year compared to ₩1,475 last year. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩54,600, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Machinery industry in South Korea. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩60,472 per share. Price Target Changed • Jul 29
Price target increased by 15% to ₩54,500 Up from ₩47,350, the current price target is an average from 10 analysts. New target price is 9.1% above last closing price of ₩49,950. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₩3,300 for next year compared to ₩1,475 last year. Major Estimate Revision • Jul 29
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩3.95b to ₩4.15b. EPS estimate increased from ₩2,618 to ₩3,300 per share. Net income forecast to grow 91% next year vs 27% growth forecast for Machinery industry in South Korea. Consensus price target up from ₩47,350 to ₩54,500. Share price rose 17% to ₩49,950 over the past week. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩47,850, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩52,067 per share. Buy Or Sell Opportunity • Jul 01
Now 23% undervalued Over the last 90 days, the stock has risen 3.0% to ₩40,100. The fair value is estimated to be ₩51,868, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buy Or Sell Opportunity • Jun 18
Now 21% undervalued Over the last 90 days, the stock has risen 28% to ₩40,150. The fair value is estimated to be ₩51,075, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buy Or Sell Opportunity • May 29
Now 26% undervalued Over the last 90 days, the stock has risen 10% to ₩36,800. The fair value is estimated to be ₩49,538, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Price Target Changed • May 29
Price target increased by 8.3% to ₩46,850 Up from ₩43,250, the current price target is an average from 10 analysts. New target price is 26% above last closing price of ₩37,050. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₩2,623 for next year compared to ₩1,475 last year. Major Estimate Revision • May 03
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩3.88b to ₩3.94b. EPS estimate increased from ₩2,283 to ₩2,521 per share. Net income forecast to grow 43% next year vs 37% growth forecast for Machinery industry in South Korea. Consensus price target of ₩45,450 unchanged from last update. Share price was steady at ₩37,950 over the past week. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: ₩515 (vs ₩173 in 1Q 2023) First quarter 2024 results: EPS: ₩515 (up from ₩173 in 1Q 2023). Revenue: ₩747.8b (up 9.3% from 1Q 2023). Net income: ₩56.2b (up 198% from 1Q 2023). Profit margin: 7.5% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 26
Now 23% undervalued Over the last 90 days, the stock has risen 35% to ₩38,350. The fair value is estimated to be ₩50,113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Apr 22
Now 21% undervalued Over the last 90 days, the stock has risen 44% to ₩40,100. The fair value is estimated to be ₩50,776, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Price Target Changed • Apr 19
Price target increased by 9.2% to ₩45,450 Up from ₩41,636, the current price target is an average from 10 analysts. New target price is 10% above last closing price of ₩41,150. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₩2,283 for next year compared to ₩1,475 last year. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩38,050, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Machinery industry in South Korea. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩25,191 per share. Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: ₩1,475 (vs ₩1,812 in FY 2022) Full year 2023 results: EPS: ₩1,475 (down from ₩1,812 in FY 2022). Revenue: ₩3.59t (up 13% from FY 2022). Net income: ₩161.0b (down 19% from FY 2022). Profit margin: 4.5% (down from 6.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Hyundai Rotem Company, Annual General Meeting, Mar 28, 2024 Hyundai Rotem Company, Annual General Meeting, Mar 28, 2024, at 09:01 Korea Standard Time. Location: Welfare Center of Hyundai Rotem Changwon Factory, 488 Changwon-daero Changwon-si Chungcheongnam-do South Korea Agenda: To discuss Audit report; to discuss Operating report; to discuss Report on the operating status of the internal accounting management system;to discuss Approval of the 25th January 1 - December 31, 2023 financial statement (including surplus appropriation statement) and consolidated financial statement Cash dividend: Common stock KRW 100/shrs 2 agenda: Changes in some Articles agenda: Reflection of improvement in dividend procedures, etc. agenda: Changes in director severance pay basis regulations; to discuss agenda: Appointment of director (inside director Kim Jung-hoon; to agenda: Approval of the directors’ remuneration limit, etc; to agenda: Approval of the directors’ remuneration limit. Buy Or Sell Opportunity • Feb 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to ₩29,500. The fair value is estimated to be ₩24,440, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Reported Earnings • Feb 05
Full year 2023 earnings released: EPS: ₩1,475 (vs ₩1,812 in FY 2022) Full year 2023 results: EPS: ₩1,475 (down from ₩1,812 in FY 2022). Revenue: ₩3.59t (up 13% from FY 2022). Net income: ₩161.0b (down 19% from FY 2022). Profit margin: 4.5% (down from 6.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in South Korea. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Feb 02
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩4.04b to ₩3.87b. EPS estimate also fell from ₩2,182 per share to ₩1,773 per share. Net income forecast to shrink 14% next year vs 69% growth forecast for Machinery industry in South Korea . Consensus price target of ₩38,889 unchanged from last update. Share price fell 4.6% to ₩27,200 over the past week. Buy Or Sell Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock has risen 12% to ₩27,550. The fair value is estimated to be ₩34,662, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩37,500, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Machinery industry in South Korea. Total returns to shareholders of 159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩28,044 per share.