Hyundai Heavy has reported an operating profit of 21.3 billion won in Q1 2024,
This figure represents a decline of 41% year on year,
The operating profit has missed analyst estimates which predicted it to be 47.83 billion won,
Net profits for Q1 stand at 28.6 billion won, marking a 43% reduction year on year,
The net profit slightly surpassed estimates, which were at 24.85 billion won,
Sales increased by 13% year on year to reach a total of 2.99 trillion won,
However, these figures fell short of estimates which projected sales at 3.11 trillion won,
HD Hyundai Heavy currently holds 18 buy ratings, one hold rating, and two sell ratings.
HD Hyundai on Smartkarma
Analyst coverage on Smartkarma focuses on HD Hyundai, with a bullish sentiment from Douglas Kim in the report titled “Asian Dividend Gems: HD Hyundai.” The recent promotion of Ki-Sun Chung to Vice Chairman of HD Hyundai is seen as a positive sign, potentially leading to favorable developments in the future. The consensus outlook is optimistic, expecting a high dividend yield of 7.1% and a NAV analysis indicating a potential 22% upside in valuation. The report highlights the announcement of Ki-Sun Chung’s promotion as a signal for increased positive news flow surrounding HD Hyundai in the upcoming months.
According to Douglas Kim‘s insights, HD Hyundai is expected to deliver a DPS of 4,200 won in 2023, affirming its position with one of the highest dividend yields in KOSPI200. The NAV analysis further supports this positive outlook, projecting a base case valuation of 71,970 won per share for HD Hyundai, representing significant potential upside of 22% from the current levels. The research report on Smartkarma provides valuable insights for investors considering HD Hyundai as a potential investment opportunity.
A look at HD Hyundai Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores have identified a promising long-term outlook for HD Hyundai Co.,Ltd. based on the company’s overall scores. With a high Dividend score of 5, investors can expect attractive returns from dividend payouts. Additionally, HD Hyundai scores well in Value and Growth with scores of 4, indicating strong potential for future growth and undervaluation in the market.
However, it’s worth noting that HD Hyundai’s Resilience score of 2 suggests that the company may face some challenges in weathering economic downturns or industry shifts. Despite this, the Momentum score of 4 highlights that HD Hyundai has positive market momentum, indicating investor interest and potential for future price appreciation.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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