Hyundai Motor Securities현대차증권

Hyundai Motor Securities shows higher recent profit, but its shares have fallen sharply over the past year and its balance sheet is heavily leveraged.

The company is a Korean brokerage and investment firm, with its shares at ₩6,870 on 23 October 2026, down 20.8% over one year and near the low end of its 52-week range. Trailing twelve-month net income to H1 2026 was ₩77.0B, above the 2025 full-year figure of ₩57.7B, and the company reported higher Q3 net profit according to news reports. Liabilities are about 7.9 times equity and free cash flow is negative, so leverage is a key feature of the business.

What stands out

• Trailing net income of ₩77.0B to H1 2026 compares with ₩57.7B for 2025 and ₩36.1B for 2024, though operating income of ₩69.6B is below 2025's ₩72.3B.
• Valuation is low on earnings and book value: P/E of 5.5 and P/B of 0.3, compared with peers at P/B of about 0.5 to 0.8, and a dividend yield of 5.4%.
• Trailing ROE is 5.6%, and liabilities to equity is 794%, with borrowings of about ₩8.0T in the data.
• A filing and news flow is heavy this week, including a corporate value-up plan, a share buyback decision, a preliminary consolidated earnings release, and securities issuance reports.
• Foreign ownership is 3.1%, unchanged over 60 days, and 20-day investor flows were net negative across foreign, institutional and retail groups.

What to watch

• The full Q3 and H1 2026 results and the detail behind the preliminary earnings and buyback, which the data does not yet contain in full.
• The shareholders' meeting dates and the record date set in recent filings, along with the amended meeting notice.
• Ongoing legal matters: a ₩9B payment to the Chung Mong-koo Foundation ordered on appeal, as reported in news.