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분야
hwpⅠ. Introduction
1. Introduction of automobile industry
2. Introduction of domestic automobile company
3. The recent trend of automobile company
Ⅱ. Financial Statements of Companies
1. Hyundai Motors
2. Kia Motors
3. Ssangyong Motors
Ⅲ. Financial Ratio Analysis
1. ROE
2. EPS
3. Net Profit Margin
4. Inventory Turnover
5. Debt/Equity Ratio
6. Dividend Yield
Ⅳ. Conclusion
Ⅴ. References
: ROE measures how much the firm earned for each dollar of stockholders' investment. In the long run, firms with higher ROE are expected to have higher stock prices than firms with lower ROE. So it shows the effectiveness of the company's overall business strategy.
Hyundai and Kia's ROE is higher than that of average industry. Considering that average ROE of other industry's companies that are listed in KOSPI is 10%, we can easily understand those 2 companies made a great performance.
Even though Kia's net income and average stockholder's equity is lower than that of Hyundai, ROE is higher than Hyundai. That means Kia's owner's capital is operated better than Hyundai. However Ssangyong's ROE is even got minus ROE in 2009.
ROE : KIA > Hyundai > Ssangyong
2. EPS (Earnings Per Share)
= Net Income/Average Number of Shares of Common Stock outstanding during the Period
현대자동차
기아자동차
쌍용자동차
2008
2009
2008
2009
2008
2009
Net Income
1,447,904
2,961,509
113,784
1,450,260
-709,684
-346,270
Avg # of Shares of Common Stock
285,132,729
285,474,166
346,749,691
367,279,904
573037
EPS
5078
10374
328
3,949
-66,606
-31,872
(million)
* Analysis
: EPS are the earnings returned on the initial investment amount. If this ratio is high, that means it is more valuable to invest. And you can have more dividend if you invest the company that has high EPS. If two companies' EPS ratio is same, the company that invest less capital did more effective job. Hyundai took the first rank in EPS ratio in 2008, and 2009. Hyundai's EPS in 2009 is increased twice than in 2008, it's because of the
Ⅴ. References
http://www.naver.com
http://www.google.com
http://www.kia.co.kr
http://www.smotor.com
http://www.fnnews.com (파이낸셜뉴스)
http://kari.hmc.co.kr (한국자동차산업연구소)
