Hyundai Mobis has reached a new 52-week high, driven by investor optimism surrounding the reassessment of its physical artificial intelligence (AI) value chain.
According to the Korea Exchange, as of 10:19 a.m. on May 28, Hyundai Mobis shares were trading at 712,000 won, up 24,000 won (3.49%) from the previous trading day. Shortly after the market opened, the stock surged 8.87% to hit 749,000 won, marking a new high.
Analysts are focusing on the expansion of Hyundai Mobis's physical AI value chain, leading to upward revisions of target prices.
Shinhan Investment Corp. raised its target price from 570,000 won to 900,000 won, an increase of 57.9%. Samsung Securities and LS Securities also adjusted their target prices for Hyundai Mobis to 950,000 won and 870,000 won, respectively.
Park Kwang-rae, an analyst at Shinhan Investment Corp., stated, "Hyundai Mobis's after-service (A/S) segment plays a crucial role in supporting the valuation floor as a key cash generator, providing investment capacity for automotive, autonomous driving, and robotics."
Lim Eun-young, an analyst at Samsung Securities, noted, "The actuators handled by Hyundai Mobis account for 50% to 60% of the hardware costs for humanoid robots and are also key components for thermal management," indicating an increase in the company's role in the robotics sector. As a result, the price-to-earnings (P/E) ratio has been raised from 13.7 to 18.4.
* This article has been translated by AI.
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