In early trading on the 9th, HD Hyundai Electric is up 9%. The move is seen as being driven by the company having released record-high results for the fourth quarter of last year.
As of 9:47 a.m. on the 9th in the Korea Exchange, HD Hyundai Electric is trading at 916,000 won, up 76,000 million won (9.05%) from the previous session.
Earlier, HD Hyundai Electric said its fourth-quarter consolidated revenue last year was 1.1632 trillion won and operating profit was 320.9 billion won. Those figures are up 42.6% and 93%, respectively, from a year earlier. Both revenue (1.1396 trillion won) and operating profit (281.2 billion won) beat market expectations. Increased sales of power equipment bound for the United States contributed.
Kim Tae-hyun, an analyst at IBK Securities, projected HD Hyundai Electric's revenue and operating profit this year at 4.9987 trillion won and 1.3011 trillion won, respectively. Those figures would be up 22.5% and 30.7% from a year earlier. Kim also saw order intake exceeding $4.27 billion in 2025.
Kim said, "With a favorable, supplier-advantaged industry cycle persisting, and considering the expansion effects at the Ulsan plant in 2027 and the Alabama, U.S., plant in 2028, the medium- to long-term growth potential remains high," raising the target price-earnings ratio (PER) to 36.2 times from 25.4 times.