Hyundai Second Quarter 2024 Earnings: EPS: ₩2,573 (vs ₩2,037 in 2Q 2023)

Hyundai (KRX:011760) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩1.73t (up 12% from 2Q 2023).
• Net income: ₩30.9b (up 26% from 2Q 2023).
• Profit margin: 1.8% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: ₩2,573 (up from ₩2,037 in 2Q 2023).

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

Hyundai Earnings Insights

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Trade Distributors industry in South Korea.

Performance of the South Korean Trade Distributors industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Hyundai (2 are potentially serious) you should be aware of.

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