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Korea's leading elevator and escalator maker, also a key holding vehicle within the former Hyundai Group corporate structure.
Korea's leading elevator and escalator maker, also a key holding vehicle within the former Hyundai Group corporate structure.
Earns from new-elevator installation contracts, which follow Korean building starts and are booked as installation progresses, and from maintenance contracts on units already installed, which recur and tend to be steadier.
In one line: Korea's Otis/KONE.
Moat: narrow (installed base, brand). Large installed base drives recurring maintenance revenue as a top domestic elevator brand.
Headquarters: Seoul, South Korea · Founded: 1984 · Employees: 2,867
Size Hyundai Elevator (017800.KS) is a South Korea Industrials company (Building Products) with a market value of $1.79B, the 149th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩67,300 on 6 Nov 2026.
Performance Over six months the shares fell 31.0%, against -0.3% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 8.9% over the last twelve months (peer median +3.3%); the operating margin is 9.3% (peer median 8.8%).
Valuation It trades at 9.4× forward earnings against a peer median of 15.6× (2nd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.2 points above its cost of capital (5.5% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩2.47T | ₩2.47T | ₩2.89T | ₩2.60T | ₩2.13T |
| Revenue growth | — | -14% | +11% | +22% | — |
| Gross profit | ₩633B | ₩610B | ₩592B | ₩444B | ₩321B |
| EBITDA | ₩303B | ₩286B | ₩283B | ₩135B | ₩89.6B |
| Net income | ₩367B | ₩262B | ₩183B | ₩319B | ₩78.4B |
| Free cash flow | ₩146B | ₩204B | ₩191B | ₩114B | -₩110B |
| Capital expenditure | ₩29.0B | ₩48.3B | ₩62.9B | ₩60.3B | ₩109B |
| Total debt | ₩1.09T | ₩1.09T | ₩1.02T | ₩933B | ₩693B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hyundai Elevator 017800.KS | $1.79B | -31% | -9% | 9% | 9.4× | -5.5% |
| Otis Worldwide OTIS | $30.1B | +6% | +6% | 15% | 18.1× | 2.3% |
| KONE KNEBV.HE | $33.8B | +15% | +2% | 12% | 27.1× | 5.8% |
| Schindler SCHN.SW | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% |
| Mitsubishi Electric 6503.T | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 017800.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | -0.4% | 5th lowest of 21 |
| 6-month return | -31.0% | -0.3% | 3rd lowest of 21 |
| Distance from 52-week high | -34.5% | -23.6% | 6th lowest of 21 |
| Revenue growth (TTM) | -8.9% | +3.3% | 2nd lowest of 21 |
| Operating margin | 9.3% | 8.8% | 10th highest of 21 |
| Forward P/E | 9.4× | 15.6× | 2nd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -5.5% | 6.6% | 5th least demanding of 19 |
| Growth delivered (Del g) | +6.3% | +6.1% | 10th highest of 19 |
| Hurdle (Req g minus delivered) | -11.7 pp | +2.5 pp | 4th least demanding of 19 |
| ROIC minus cost of capital | +5.2 pp | +2.1 pp | 6th highest of 21 |
| EV / EBITDA | 9.4× | 9.1× | 6th most expensive of 12 |
| Net debt / EBITDA | 1.1× | 0.6× | 5th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hyundai Elevator 017800.KS | South Korea | $1.79B | -31% | -9% | 9% | 9.4× | -5.5% | +6.3% |
| Interface TILE | United States | $1.78B | +4% | +7% | 12% | 14.5× | 11.4% | +4.7% |
| Tecnoglass TGLS | United States | $1.95B | +10% | +10% | 18% | 13.8× | n/a | n/a |
| Kajaria Ceramics KAJARIACER.NS | India | $1.96B | +7% | +14% | 16% | 26.1× | 26.2% | +11.7% |
| Jangho 601886.SS | China | $2.01B | +26% | +14% | 5% | 15.0× | -0.1% | +3.9% |
| Century Plyboards (India) CENTURYPLY.NS | India | $1.50B | -20% | +26% | 10% | 34.4× | n/a | n/a |
| Qingdao East Steel Tower Stock 002545.SZ | China | $2.25B | -50% | +23% | 32% | 8.5× | -10.2% | +13.0% |
| Xiamen Solex High-Tech Industries 603992.SS | China | $1.38B | -35% | +18% | 8% | 29.9× | 13.5% | +5.2% |
| Reliance Worldwide RWC.AX | Australia | $2.33B | +47% | -5% | 12% | 16.3× | 9.9% | +7.5% |
| Shanghai Mechanical & Electrical Industry 600835.SS | China | $2.34B | -27% | -2% | 2% | 22.5× | 0.6% | -3.8% |
| Preformed Line Products PLPC | United States | $1.28B | -24% | +16% | 10% | 18.8× | 10.2% | +7.5% |
| Takara standard 7981.T | Japan | $1.20B | +2% | +2% | 7% | n/a | -5.5% | +5.7% |
| Solareast 603366.SS | China | $1.07B | +8% | 0% | -2% | n/a | 39.8% | +2.9% |
| Rinnai 5947.T | Japan | $3.07B | -3% | +4% | 10% | 13.3× | -9.5% | +6.4% |
| Suzhou Huaya Intelligence Technology 003043.SZ | China | $990M | -20% | +2% | 11% | 78.3× | 27.6% | +22.3% |
| Zehnder ZEHN.SW | Switzerland | $983M | +10% | +2% | 8% | 17.5× | 2.5% | +1.5% |
| Apogee Enterprises APOG | United States | $956M | +25% | +3% | 9% | 13.6× | -0.3% | +2.7% |
| Guangzhou Guangri Stock 600894.SS | China | $956M | -20% | +2% | 0% | 9.6× | 7.2% | +1.4% |
| Quanex Building Products NX | United States | $949M | +2% | +1% | 6% | 10.7× | 6.0% | +16.6% |
| Zhenjiang Dongfang Electric Heating Technology 300217.SZ | China | $944M | -17% | -23% | 0% | 26.6× | 22.5% | +6.5% |
| STO Express 002468.SZ | China | $3.40B | -8% | +26% | 5% | 10.2× | -12.5% | +20.8% |