Hyundai Motor Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

November 21, 2024

Hyundai Motor (KRX:005380) Third Quarter 2024 Results

Key Financial Results

Revenue: ₩43t (up 4.7% from 3Q 2023).
Net income: ₩3.05t (down 5.7% from 3Q 2023).
Profit margin: 7.1% (down from 7.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: ₩11,606 (down from ₩12,319 in 3Q 2023).

earnings-and-revenue-growth — KOSE:A005380 Earnings and Revenue Growth November 21st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hyundai Motor EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto industry in Asia.

Performance of the market in South Korea.

The company's shares are up 9.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Hyundai Motor has 3 warning signs (and 1 which is concerning) we think you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Hyundai Motor might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.