[Click e-Stock] Hana: "Hyundai Mobis Target Price Raised to 570,000 Won...Results Meet Expectations"

On January 29, Hana Securities raised its target price for Hyundai Mobis to 570,000 won, reflecting an upward revision in corporate value due to its robotics business and other factors. The investment opinion was maintained at 'Buy.'

Song Sunjae and Kang Mina, analysts at Hana Securities, stated in their report on the same day, "The fourth-quarter results met market expectations," adding, "Although the profit margin of the after-sales (AS) division was lower than expected, the module and core parts division performed better than anticipated, thanks to increased sales, cost reductions, and the recovery of tariff expenses."

Hyundai Mobis faces a challenging business environment this year, due to factors such as tariffs, rising semiconductor prices, and a delayed recovery in the electric vehicle market. However, profitability growth momentum is expected, particularly in the module and core parts division, driven by new model launches from clients, improved mix of high-value-added products, increased European EV shipments, and the stabilization of new bases in North America.

The after-sales division is also expected to continue growing, supported by demand and favorable exchange rates. Although demand for electric vehicles is delayed in the electrification division, operating rates are expected to rise, driven by increased volumes of assigned models and the supplementation of hybrid electric vehicle (HEV) volumes.

This content was produced with the assistance of AI translation services.