Hyundai G.F. Holdings현대지에프홀딩스
005440 · KOSPI · ₩005440 · 현대지에프홀딩스
Valuation model · Sum of the parts (net asset value)
This is a holding company, so we value what it owns: its stakes in listed companies at market value, less a holding company discount.
Fair value per share
₩1,015
vs the current price (₩10,930)
- Assets before discount
- ₩310B
- Equity value
- ₩186B
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal. This is not financial advice.
Bear / Base / Bull
- Bear
- ₩677
- −93.8%
- Base
- ₩1,015
- −90.7%
- Bull
- ₩1,421
- −87.0%
Bear: listed stakes 20% lower and a discount 10 points wider. Bull: the opposite.
Assumptions
Sign in to change the assumptions and see the results update. Sign in
Business
- 0%
Moves the market value of the listed companies it owns up or down.
Default: 0, today's market values.
- ₩0B
Anything else it owns, minus its own debt, in ₩ billions.
Default: 0. Unlisted holdings and the company's own cash and debt aren't included unless you add them.
Discount rate
- 40%
How far below the value of its holdings the company is valued.
Default: a typical discount for Korean holding companies.
Starting point
- Shares
- 183,397,199
- Share price
- ₩10,930
- Market cap
- ₩2T
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Hyundai Motor | 0.3% | ₩172B |
| Hyundai Ezwel | 50.0% | ₩49B |
| Hyundai Everdigm | 45.2% | ₩46B |
| Hyundai Livart Furniture | 41.2% | ₩43B |
Sensitivity
Fair value per share as two inputs change; the middle is the current case.
| Listed stakes ↓ · Discount → | 20.0% | 30.0% | 40.0% | 50.0% | 60.0% |
|---|---|---|---|---|---|
| −20.0% | ₩1,082 | ₩947 | ₩812 | ₩677 | ₩541 |
| −10.0% | ₩1,218 | ₩1,066 | ₩913 | ₩761 | ₩609 |
| 0.0% | ₩1,353 | ₩1,184 | ₩1,015 | ₩846 | ₩677 |
| +10.0% | ₩1,488 | ₩1,302 | ₩1,116 | ₩930 | ₩744 |
| +20.0% | ₩1,624 | ₩1,421 | ₩1,218 | ₩1,015 | ₩812 |
Now (TTM)
- Market cap
- ₩2T
- Enterprise value
- ₩2.5T
- P/E
- 5.7×
- P/B
- 0.4×
- P/S
- 0.2×
- EV/EBITDA
- —
- Dividend yield
- 2.7%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩8,320 | ₩4,885 | ₩3,640 | ₩4,432 | ₩5,644 |
| Market cap | ₩1.5T | ₩896B | ₩668B | ₩813B | ₩1T |
| P/E | 3.7× | 1.3× | 0.6× | 14.6× | 23.8× |
| P/B | 0.4× | 0.3× | 0.2× | 0.4× | 0.6× |
| P/S | 0.2× | 0.1× | 0.3× | 0.2× | 0.3× |
| EV/EBITDA | — | — | — | — | — |
| Dividend yield | 3.6% | 4.3% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| Hyundai G.F. Holdings | 5.7× | 0.4× | 0.2× | — | 2.7% |
| SK Square | 3.6× | 2.2× | 96.1× | 3.5× | 0.0% |
| KB Financial Group | 8.8× | 0.9× | — | 9.6× | 2.8% |
| Shinhan Financial Group | 7.8× | 0.7× | — | 10.2× | 2.9% |
| SK | 4.5× | 1.0× | 0.3× | — | 1.6% |
| Hana Financial Group | 8.0× | 0.7× | — | 10.0× | 3.4% |
| Woori Financial Group | 7.1× | 0.6× | — | 8.5× | 4.4% |
| Similar companies (median) | 7.5× | 0.8× | 48.2× | 9.6× | 2.8% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: Hyundai G.F. Holdings / 현대지에프홀딩스 / 005440 / KRX:005440
Source: KRX statistical information