[Click eStock] "Hyundai Motor's New Business Value Reassessed... Target Price Raised to 770,000 Won"

"New Business Momentum to Reemerge in the Second Half"
"Hyundai Motor Expected to Maintain Industry Leadership"

Securities analysts have stated that Hyundai Motor's investment appeal is expected to increase further, driven by the growth of new businesses such as robotics and software-defined vehicles (SDVs).

According to Daishin Securities on the 21st, analyst Kim Guyoun said, "We set Hyundai Motor's target enterprise value at 157 trillion won, by adding the core automotive business value of 106 trillion won, 45 trillion won for robotics, and 6 trillion won for SDVs." The analyst maintained a 'buy' recommendation for Hyundai Motor and raised the target price by 17% from the previous level to 770,000 won.

Regarding Hyundai Motor's recent stock price trend, Kim said, "The short-term decline widened due to the Iran conflict in March and a market correction triggered by rising U.S. Treasury yields this month." He added, "While stock prices have continued to rise thanks to new business drivers, increasing volatility due to market uncertainties is inevitable."

Hyundai Motor Group's robotics subsidiary, Boston Dynamics, released a video on the 18th (local time) showing the humanoid robot Atlas lifting and handing over an entire refrigerator. Photo by Yonhap News.

However, based on the company's growth trajectory, the analyst expects related growth drivers to regain attention from the second half of the year. Key events anticipated in the second half include the opening of the Robotics Meta-Plant Application Center (RMAC) in the U.S. in the third quarter, the launch of an SDV pace car, the application of Level 2 Plus options to new Genesis models, the unveiling of Tesla Optimus Generation 3, and the emergence of U.S. robotics policy initiatives.

Kim commented, "As new business drivers re-emerge, Hyundai Motor will continue to play a leading role in the industry." He further explained, "Although the stock price entered a premium range in the first half of the year due to valuation expansion from expectations for humanoid robots, the premium is justified given the group's leadership in new businesses."

Additionally, Kim noted, "Humanoid robots are still in the early stages of development, so it's too soon to discuss the upper limits of growth," and added, "Hyundai Motor's appeal as an industry leader will continue during this phase driven by sector momentum."

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