Hanwha cuts target for Hyundai Mobis stock to KRW 800,000

Published on 10/14/2026 at 00:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue is projected at KRW 15.754 trillion and profit at KRW 920.6 billion. Hyundai Mobis stock traded at KRW 348,500 on October 13, 2026.

Target cut and earnings outlook

Hanwha Investment & Securities reduced its Hyundai Mobis target from KRW 810,000 to KRW 800,000 on October 13, 2026.
Third-quarter revenue is projected at KRW 15.754 trillion and operating profit at KRW 920.6 billion.
Hyundai Mobis is scheduled to report its next earnings on October 23, 2026.

Hyundai Mobis, KR7012330007, Illustration mit AI erstellt.

Hanwha Investment & Securities cut its Hyundai Mobis target from KRW 810,000 to KRW 800,000 on October 13, 2026, while keeping its Buy rating. The firm expects third-quarter revenue and operating profit to fall short of market expectations, putting execution and cost control at the center of the stock debate.

Target cut meets earnings pressure

As EDAILY reported on October 13, 2026, Hanwha projected third-quarter revenue of KRW 15.754 trillion and operating profit of KRW 920.6 billion. The report attributed the weaker outlook to vehicle production disruptions, higher semiconductor and printed-circuit-board costs, logistics pressure after a fire at an Indian plant, and currency effects.

The forecast still contains a profitability counterweight. Hanwha expects the After-Sales division to generate KRW 889.1 billion in operating profit with a 25.8 percent operating margin, while the Modules and Core Components division is projected to return to profitability with KRW 31.5 billion in operating profit.

What does the target cut signal?

The revised target is 1.23 percent below the former KRW 810,000 level, calculated from the KRW 10,000 reduction. For investors, the key tension is clear: the near-term forecast is softer, but the analyst view still rests on structural improvement in high-value automotive electronics and stronger second-half performance.

Three dated strategic steps

On September 3, 2026, Hyundai Mobis highlighted the opening of a new plant in Slovakia as part of its European electrification push, according to the Hyundai Mobis investor-relations page. On September 30, 2026, the company approved a lighting-business transaction valued at KRW 600 billion, with the proceeds intended for future mobility and robotics investment, according to EDAILY. On October 13, 2026, Hanwha lowered its target to KRW 800,000.

Upcoming reporting date

Investing.com lists October 23, 2026, as Hyundai Mobis's next earnings date. The latest reported second-quarter figures were revenue of KRW 16.3 trillion, up 2.4 percent year on year, and operating profit of KRW 975 billion, according to ATS View.

KRX price and valuation context

Hyundai Mobis was last at KRW 348,500 on the KRX on October 13, 2026 at 3:30 p.m. KST. The finance quote showed a market capitalization of KRW 31.1 trillion and a 52-week range of KRW 283,000 to KRW 822,000, both as of October 13, 2026.