Added to YB: 2026-08-21
Pitch date: 2026-08-18
227840.KS [bullish]
HYUNDAI CORPORATION HOLDINGS Co., Ltd.
-3.28%
current return
Author Info
Numbers not Narrative digs into overlooked small and micro caps where the numbers tell a better story than the market does. Sign up for the newsletter.
Company Info
HYUNDAI CORPORATION HOLDINGS Co., Ltd. engages in the wholesale and retail trade business in South Korea and internationally.
Market Cap
KRW 113.8B
Pitch Price
KRW 13.4K
Price Target
63.0K
Dividend
N/A
EV/EBITDA
1.79
P/E
2.15
EV/Sales
0.40
Sector
Consumer Staples Distribution and Retail
Category
value
Hyundai Corporation Holdings (227840): the double discount, and a royalty business for 1x earnings
227840.KS: Korean holdco owning HYUNDAI brand royalty (₩26bn OP, 69% margin, licence to 2049, +12%/yr) plus 26.4% of trading house Hyundai Corp. SOTP ₩62,983/sh vs ₩13,430 price (21%). Double discount: holdco trades below stake in already-discounted tradeco. Korea corp-law reforms catalyst (treasury cancellation, 3% vote cap by Mar 2027). Risks: frozen-meat inventory bleed, poor capital allocation, 49% control bloc, tradeco's ₩847bn net debt.
Read full article (7 min)