HD Hyundai Electric Full Year 2024 Earnings: Misses Expectations

HD Hyundai Electric (KRX:267260) Full Year 2024 Results

Key Financial Results

• Revenue: ₩3.32t (up 23% from FY 2023).
• Net income: ₩501.6b (up 94% from FY 2023).
• Profit margin: 15% (up from 9.6% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₩13,935 (up from ₩7,200 in FY 2023).

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

HD Hyundai Electric Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 6.1%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in South Korea.

Performance of the South Korean Electrical industry.

The company's shares are up 6.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on HD Hyundai Electric's balance sheet.

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