Hyundai Motor (SEO:A005380)

QUOTE AND NEWS
Reuters  Sep 29  Comment 
Hyundai Motor Co on Monday reached a tentative wage deal with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes.
Wall Street Journal  Sep 26  Comment 
While Hyundai Motor's $10.2 billion purchase of land in Seoul's upscale Gangnam district has angered investors and sent its shares down 14%, the deal has one financial benefit for the car maker.
Clusterstock  Sep 26  Comment 
SEOUL (Reuters) - The boards of Hyundai Motor Co and two affiliates on Friday approved the signing of their 10.55 trillion won ($10.12 billion) deal to buy a plot of land in Seoul valued at about a third of that amount, the companies...
Clusterstock  Sep 24  Comment 
SEOUL (Reuters) - A $10 billion bid by Hyundai Motor Co and two affiliates for a plot of land in Seoul could delay resolution of perennially contentious wage talks, with auto workers angered by news of the deal striking for a second day on...
Wall Street Journal  Sep 23  Comment 
More than three-quarters of the workforce of Hyundai Motor walked off the job to highlight stalled contract talks and the company's $10 billion land purchase that is becoming a flash point for corporate-governance concerns in South Korea.
Clusterstock  Sep 20  Comment 
By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the...
Bloomberg  Sep 19  Comment 
Hyundai Motor Co.’s billionaire chairman, Chung Mong Koo, just reminded investors why his biggest company trades at a cheaper valuation than any major carmaker in the world.
Clusterstock  Sep 18  Comment 
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and sparking investor concerns...




 
TOP CONTRIBUTORS

Business Overview

Automaker Hyundai Motor (SEO:A005380) is the largest car manufacturing company in Korea. In Korea automobile market, Hyundai Motor occupied over 50% of domestic market share with over 0.7 million car sale in FY2009. Hyundai motor group also runs another car manufacturing company named Kia Motors (SEO:A000270). Those two companies took over 80% of domestic market share in Korea.In Global market, Hyundai motor recorded 5.2% of market share and $2.9 billion of sales.

Hyundai Motor has expanded their market. Hyundai Motor is growing their market share in U.S market. Besides, In India market, Hyundai motor ranked in second position with sales of 600,000 units. Except mentioned two markets, Hyundai motor is doing well in Foreign markets.

In FY2010, Hyundai motor recorded sales of $334 billion and net profit of $47.8 billion. In both Global and domestic market, Hyundai motor posted a total of 1.7 million units sold in FY2010.


Business and Financial Metrics

2008 to 2009

Unit sold: Hyundai recorded a total of 1.66 million units sold in FY2008 compare to 1.61 million units in FY2009, there was decrease of %

Sales: With decreased of 1.03% of sales Hyundai posted sales of $290 billion in FY2009, compared to sales of $292 billion in FY2008, $2 billion was decreased.

Net Profit: Hyundai recorded net profit of $13.1 billion in FY2008, but in FY2009 recorded net profit of $26.9 billion which was more than 2 times larger than net profit of 2008. There was growth of 104.54% of net profit in FY2009 compare to FY2008.


2009 to 2010

Unit sold: Hyundai recorded increase of 7.3% with 1.73 million units sold in FY2010 compare to 1.61 million units sold in FY2009.

Sales: Hyundai made sales of $334 billion in FY2010 with increase of 15.41% compare to sales of $290 billion in FY2009.

Net Profit: Hyundai posted growth of 77.8% in FY2010. In former FY, Hyundai recorded net profit of $26.9 billion which was double of net profit of FY2009.In FY2010 Hyundai made net profit of $47.8 billion.



Annual Financial Data FY2008 FY2009 FY2010
Sales$292 billion $290 billion $334 billion
Net Profit$13.1 billion $26.9 billion $47.8 billion
Unit Sold1.66 million units 1.61 million units 1.73 million units

Business Segment

Automobiles

Sales by model

Sales by model, Units FY2008 FY2009 FY2010
Domestic570,116 units 701,469 units657,897 units
Export1,098,639 units910,522 units1,072,799 units
Total1,668,755 units1,611,991 units1,730,696 units

Markets

Sales in India
Sales in India
Export by Region, Units FY2008 FY2009 FY2010
North America281,539 units 296,925 units287,796 units
Europe317,621 units57,773 units104,298 units
Asia/Pacific107,982 units145,393 units169,771 units
Others391502 units410,431 units510,934 units


-US market

-Europe market

-Asia market

Trends and Forces

Competitive Price

Commodity price

  1. Steel :
  2. Aluminum :

Commodity price takes up % of car manufacturing cost. So naturally car price is affected by variation of commodity price. Korea Institute for Industrial Economics & Trade announced if price of raw materials goes up by 10%, car manufacturing cost will goes up 0.68%. Since 2010, price of raw materials have been rosed with average 30%. It is expected that car manufacturing companies are forced to raise car price or lose their revenue.

Competition

Within US

Nissan

Nissan has relatively same market share as Hyundai in U.S market. Nissan and Hyundai are now in the race to No.2 Asian automaker following TOYOTA.

Dollar figures in billions
Dollar figures in billions
Dollar figures in billions

Domestic

KIA motors

-Hyundai motor and Kia motor are two different car manufacturing companies from one mother company name Hyundai motor Group. Traditionally, Hyundai motor took over the half of Korean domestic automobile market share, but KIA motor had chased Hyundai motor with K-series. Based on Oct, 2010, Hyundai motor recorded 47.2% of market share and KIA motor recorded 32.5% of market share. This is different look of market share of year-before data which showed 66.5% of Hyundai motor market share and 27.5% of KIA motor market share.

Blue is Hyundai, Green square is Kia
Blue is Hyundai, Green square is Kia

References

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