Hyundai, LG Energy Solutions to build Indonesian battery plant together

  • Hyundai Motor Co. announces that it will begin a $1.1 billion joint venture in Indonesia with South Korean battery maker LG Energy Solution, a spin-off of LG Chemical.
  • The plant is expected to produce 10-gigawatt-hours of battery cells yearly when it is completed in 2023. A typical nuclear reactor produces about 1 gigawatt-hour per year.
  • LG Energy Solution plans to go public later this year after separating from parent company LG Chemical at the end of 2020.
  • Hyundai hopes to use the plant to generate a steady supply of lithium batteries for itself and sister-company Kia Corporation as the two companies shift car production to electric vehicles.

    For this year the company from Seoul could earn a total revenue around 3.53 billion SEK. This is according to the average of the analysts' estimates. This is hugely more than 2021's revenue of 2880.89 billion SEK.

    Historical revenues and results Hyundai Corp plus estimates 2021

    aandelenanalyses

    The analysts expect for 2021 a net profit of 35.23 billion SEK. For this year most of the analysts expect a profit per share of 2652.33 SEK. So the price/earnings-ratio equals 6.94.

    Huge dividend Hyundai Corp

    Per share the analysts expect a dividend of 600 SEK per share. The dividend yield is then 3.26 percent. The average dividend yield of the trade companies is an attractive 2.82 percent.

    Based on the current number of shares Hyundai Corp's market capitalization equals 232.93 billion SEK. 35

    Historical stock prices Hyundai Corp

    financial analysis hyundaicorp

    At 8.58 the stock trades 3.16 percent lower at 18400 SEK.

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