FINANCIAL & STOCK MATKET ANALYSIS

FINCIAL POSITION OF THE COMPANY

Name Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017

 Total Revenue 29,243,350 27,824,137 25,230,511 24,500,845

Revenue 29,243,350 27,824,137 25,230,511 24,500,845

Other Revenue, Total

 Cost of Revenue, Total 23,864,084 23,133,212 21,174,918 20,282,728

 Gross Profit 5,379,266 4,690,925 4,055,593 4,218,117

 Total Operating Expenses 27,972,902 26,672,151 24,729,384 24,028,497

Selling/General/Admin. Expenses, Total 3,706,412 3,089,921 3,119,773 3,086,903

Research & Development 418,457 436,615 434,693 355,985

Depreciation / Amortization

Interest Expense (Income) - Net Operating

Unusual Expense (Income) -16,051 12,403 0 302,881

 Operating Income 1,270,448 1,151,986 501,127 472,348

 Interest Income (Expense), Net Non-Operating 25,657 250,619 -124,967 -24,924

 Gain (Loss) on Sale of Assets -45,976 -96,039 -69,813 -14,873

 Other, Net -115,106 -174,603 -193,778 -16,419

 Net Income Before Taxes 1,135,023 1,131,963 112,569 416,132

 Provision for Income Taxes -48,379 359,897 315,864 -871,766

 Net Income After Taxes 1,183,402 772,066 -203,295 1,287,898

 Minority Interest -113,605 32,335 73,521 -254,888

 Equity In Affiliates
 U.S GAAP Adjustment
 Net Income Before Extraordinary Items 1,069,797 804,401 -129,774 1,033,010
 Total Extraordinary Items
 Net Income 1,069,797 804,401 -129,774 1,033,010
 Total Adjustments to Net Income
 Income Available to Common Excluding Extraordinary Items 1,069,797 804,401 -129,774 1,033,010
 Dilution Adjustment 0
 Diluted Net Income 1,069,797 804,401 -129,774 1,033,010
 Diluted Weighted Average Shares 260.05 262.66 265.63 268.65
 Diluted EPS Excluding Extraordinary Items 4,113.88 3,062.56 -488.55 3,845.14
 DPS - Common Stock Primary Issue 3,000 3,000 3,000 3,000
 Diluted Normalized EPS 4,188.68 3,344.16 -317.71 4,613.94
 IMPORTANT RATIOS IN THE LAST FIVE
YEARS

Ratio analysis is a powerful tool for the interpretation of the financial statement. A ratio can be defined as “the indicated quotient of two mathematical
expressions” in financial analysis the ratio is used as the benchmark for evaluating the financial position and performance of a firm.

The relation between two accounting figures, expressed mathematically, is known as financial ratios.

The types of ratios

1. Liquidity Ratios – Measure the firm’s ability to meet current obligations.

2. Leverage Ratios – Measure the proportion of debt and equity in financing the assets.

3. Activity Ratios – Measure the firm’s efficiency in utilizing its assets.

4. Profitability Ratios – Measure overall performance and effectiveness of the firm.

1. Liquidity ratios

Liquidity is a crucial aspect of the financial management of the company because the bed liquidity condition can damage the image of the firm. If the
firm is not able to pay the debts in time, it will result in to the loss of creditworthiness in the market, loss of creditors’ confidence. On the other hand the
excessive liquidity is also not favourable because idle asset earn nothing.
There are two types of liquidity ratios
1. Current ratio = current assets/current liabilities
2. Quick ratio = (current assets-inventory)/ current liabilities
 Ratios 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003

Current ratio 1.45 1.42 1.48 1.16 0.99 1.36 1.27 1.14 1.25 1.67

Quick ratio 2.09 2.17 1.61 2.03 1.86 2.37 2.26 2.55 2.34 1.69

Table: liquidity ratios

Current Ratio Quick ratio

3
1.8
1.6 2.5
1.4 2
1.2

times
1.5
times

1
0.8 1
0.6 Quick ratio
0.4 Current Ratio 0.5
0.2
0
0
 2. Leverage ratios
Leverage is a factor which can be used to magnify the income of the owner i.e. Equity shareholder of the company. This is done through
introduction of debt or fixed interest bearing capital in to the capital structure of the company. On the other hand the financial leverage becomes
burden when the company is not able to earn the rate of return on the capital employed which is equal to the rate of interest on the debt.

The leverage ratios of the Hyundai Motor India Ltd is as follows Formulas:
1. Long term debt – equity ratio = long term debt /net worth
2. Total debt – equity ratio = total debt /net worth

Ratios 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Long term debt / Equity
1.67 1.71 1.68 2.38 2.02 1.75 1.25 1.27 1.47 1.56
Total debt/equity 1.67 1.71 1.68 2.38 2.02 1.72 1.22 1.29 1.53 1.64
Interest coverage ratio
13.69 27.71 6.82 2.35 5.47 51.84 241.26 47.26 39.89 16.29

Net Worth
2.5

1.5

1 Net Assets/Net Worth

0.5

0
 STOCK MARKET HISTORY

 Hyundai Stock has been falling every year until march 2o2o and swapped
preferred stock for common stock in January , in view of their similar
performance and the much greater liquidity of common stock.
 The coverage price ws 112.000 Korean won. Between the end of march and the
end of July the stock price rose by 157% in just three months to 18000 won .
 They sold their position with an accumulated performance of 53%equivalent to
an annual interval rate of return of 9.8% over these almost five years.
 DIVIDENDS & SPLITS

Growth Rate Yield on Cost

1 Year -25% 2.11%

3 Year -9.1% 2.12%

5 Year -4% 2.3%

10 Year 10.3% 7.52%

 EPS EPS
Payment Payment
Ex-Dividend Date Dividend Payout Yield Ex-Dividend Date Dividend Payout Yield
Date Date
Ratio Ratio

Apr 23, Apr 13,

Dec 29, 2020 3000 -232% 1.35% Dec 27, 2017 4000 126% 3.07%
2021 2018

Apr 17, Aug 14,

Dec 27, 2019 4000 209% 1.54% Jun 29, 2017 4000 80% 2.56%
2020 2017

Aug 09, Apr 14,

Jun 27, 2019 4000 107% 3.42% Dec 28, 2016 4000 101% 2.74%
2019 2017

Apr 19, Aug 12,

Dec 27, 2018 4000 359% 2.88% Jun 29, 2016 4000 2.92%
2019 2016

Aug 14, Apr 08,

Jun 28, 2018 4000 134% 3.43% Dec 29, 2015 4000 2.95%
2018 2016
Title 005380 Industry

Dividend (Yield) 1.35% 2.79%

Payout Ratio 55.15% 13.68%

Annualized payout 3000 -

Annualized Growth Last 5 Years -9.14% 26.36%

 BONUS SHARES OF HYUNDAI

• Hyundai Construction Equipment (267270 KS) announced 1:1 bonus issue last Friday.
That is, the company will offer a total 9,824,498 new shares to the existing
shareholders at a 1:1 ratio.
• This event wouldn't be a pure arb play. However, you are willing to take a little bit of
risk by betting on 'general tendencies', then you will find an interesting trading point.
One of the general tendencies that we may want to look into is that the price has often
given a 3~8% yield on the ex-rights day.
• Hyundai CE's previous bonus issue (last November) gave a 4~6% trading yield. Trade
set-up is clear and straightforward. You buy Hyundai CE shares on the day prior to the
ex-rights day and sell your shares AND short another Hyundai CE shares (for your
bonus shares) to fix your yield on the ex-rights day.
• BY
• YOGYATHA MISHRA
• TONY SIMSONE
• PRIYANKA D