According to Song Sun-jae, an analyst at Hana Securities, Hyundai Mobis’s price target was lowered on October 8 from 680,000 won to 580,000 won, reflecting revised earnings estimates and lower valuations for its affiliates. The analyst maintained a Buy recommendation, forecasting third-quarter revenue of 15.3 trillion won and an operating margin of 5.9%. At the current price of 373,500 won, the new target price represents upside potential of about 55%.
Song noted that Hyundai Mobis’s high-margin aftermarket business provided some resilience in earnings, despite short-term headwinds weighing on production at its customers. The company is proceeding with the spin-off of its lighting division, planned by April 1, 2027, and is negotiating with OP Mobility about a possible sale of the unit.
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Song noted that Hyundai Mobis’s high-margin aftermarket business provided some resilience in earnings, despite short-term headwinds weighing on production at its customers. The company is proceeding with the spin-off of its lighting division, planned by April 1, 2027, and is negotiating with OP Mobility about a possible sale of the unit.
$HYUNDAI
$SKHYNIX
$AMZNB