Earnings Alerts

Hyundai Mobis (012330) Earnings: 2Q Operating Profit Misses Estimates Despite Net Income Growth

  • Hyundai Mobis‘ operating profit for 2Q 2024 was 636.11 billion won, missing estimates of 678.26 billion won.
  • Operating profit decreased by 4.2% year over year (y/y).
  • The company’s net profit stood at 996.25 billion won, which is a 7% increase y/y, surpassing the estimate of 959.07 billion won.
  • Sales for 2Q 2024 were reported at 14.66 trillion won, a decrease of 6.6% y/y, and below the estimated 15.01 trillion won.
  • Current analyst ratings include 30 buys, 5 holds, and 0 sells for Hyundai Mobis.

Hyundai Mobis on Smartkarma



Analyst coverage of Hyundai Mobis on Smartkarma has been insightful and diverse. Douglas Kim‘s report, “Korean Holdcos Vs Opcos Gap Trading Opportunities in 3Q 2024,” highlights trading opportunities between Korean holdcos and opcos, with specific mention of Hyundai Mobis relative to Hyundai Motor. Kim suggests potential trading opportunities based on pricing gap divergences.

In another report by Sanghyun Park titled “The Latest on the Rumors Surrounding the Death of Chung Mong-Koo of Hyundai Motor Group,” the focus is on the impact of market rumors regarding Chung Mong-Koo’s health on Mobis’s trading dynamics. Park discusses how the control of Hyundai depends on increasing the stake in Mobis, with potential scenarios dependent on Chung Mong-Koo’s health status.



A look at Hyundai Mobis Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.8

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

Hyundai Mobis, a leading manufacturer of automotive parts and equipment, is positioned for a promising long-term outlook according to the Smartkarma Smart Scores. With a top score in Value, the company showcases strong fundamentals and potential for growth. Additionally, Hyundai Mobis scores well in Growth and Resilience, indicating a solid foundation for future expansion and the ability to withstand market challenges. While the Momentum score is slightly lower, the overall picture painted by the Smart Scores suggests a positive trajectory for Hyundai Mobis in the years to come.

Hyundai Mobis‘ dedication to excellence in the automotive industry is further highlighted by its respectable scores in Dividend and Momentum. As the company continues to innovate and adapt to a changing market landscape, investors can find assurance in Hyundai Mobis‘ commitment to value creation and sustainable growth. With a balanced performance across key metrics, Hyundai Mobis presents a compelling case for long-term investment opportunities backed by the strengths identified in the Smart Scores assessment.


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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