DAOL Investment & Securities said on the 12th that Hyundai Mobis needs to be revalued as a robot parts maker on the occasion of CES 2026. It kept its investment rating at Buy and raised the target price to 550,000 won from 470,000 won. Hyundai Mobis closed the previous session at 399,500 won.

Hyundai Mobis logo. /Courtesy of Hyundai Mobis

Yoo Ji-ung of DAOL Investment & Securities said, "Hyundai Mobis is seeing improved cash flow in the manufacturing institutional sector and still has potential for contract manufacturing of the robot 'Atlas,' making it one of the parts makers with the highest potential for a rebound in corporate value."

Specifically, Yoo projected the operating margin in the manufacturing institutional sector would expand to around 2%. Accordingly, this year's total operating profit is expected to approach 3.9 trillion won.

He also assessed that a mid- to long-term revaluation of corporate value is inevitable, noting that Hyundai Mobis is set to supply core components accounting for about 60% of Atlas's manufacturing cost. He explained, "We derived a fair price of 550,000 won by applying a price-earnings ratio (PER) of 11.5 times to this year's expected earnings per share (EPS)."

He added that with the commercialization timeline of Boston Dynamics disclosed, the value of the equity held by Hyundai Mobis is also expected to rise. He also mentioned that the current payout ratio of under 20% could expand with the passage of the Commercial Act amendment. He analyzed that Hyundai Mobis "will be the biggest beneficiary within the group."

On the 5th (local time), a day before the opening of the world's largest consumer electronics and information technology (IT) show, CES 2026, the next-generation electric Atlas prototype waves at a Hyundai Motor Group press conference at Mandalay Bay in Las Vegas, Nevada. /Courtesy of News1

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