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HDC Group's flagship builder of I'PARK-branded apartments plus infrastructure and plant construction.
HDC Group's flagship builder of I'PARK-branded apartments plus infrastructure and plant construction.
Builds and sells I'PARK apartments, often on land it buys or redevelops, with buyers paying in instalments during construction, so earnings follow project progress and unit deliveries. It is the main subsidiary of the HDC group, led by chair Chung Mong-gyu.
Moat: none (brand). Well-known apartment brand, but construction margins are set by a competitive, cyclical market.
Headquarters: Seoul, South Korea · Founded: 1976 · Employees: 1,788
Size IPARK Hyundai Development (294870.KS) is a South Korea Industrials company (Engineering & Construction) with a market value of $1.12B, the 218th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩23,900 on 6 Nov 2026.
Performance Over six months the shares gained 4.1%, against -21.2% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 13.0% over the last twelve months (peer median +7.9%); the operating margin is 11.1% (peer median 6.4%).
Valuation It trades at 4.2× forward earnings against a peer median of 16.9× (cheapest of 17).
Capital Return on invested capital runs 4.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩3.70T | ₩4.15T | ₩4.26T | ₩4.19T | ₩3.30T |
| Revenue growth | — | -3% | +2% | +27% | — |
| Gross profit | n/a | ₩588B | ₩398B | ₩376B | ₩315B |
| EBITDA | n/a | ₩299B | ₩243B | ₩255B | ₩163B |
| Net income | ₩256B | ₩158B | ₩156B | ₩173B | ₩50.4B |
| Free cash flow | n/a | -₩115B | ₩280B | ₩575B | -₩1.82T |
| Capital expenditure | n/a | ₩123B | ₩37.7B | ₩66.2B | ₩84.3B |
| Total debt | n/a | ₩2.58T | ₩2.38T | ₩2.18T | ₩2.60T |
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 |
|---|---|---|---|---|---|---|
| IPARK Hyundai Development 294870.KS | $1.12B | +4% | -13% | 11% | 4.2× | n/a |
| GS Engineering & Construction 006360.KS | $1.86B | -22% | -15% | 3% | 16.8× | -9.8% |
| Dl E&c 375500.KS | $1.53B | -48% | -17% | 4% | 5.2× | -8.3% |
| DWEC 047040.KS | $3.11B | -70% | -16% | -7% | 7.7× | -4.9% |
| Samsung C&t 028260.KS | $31.3B | -8% | +14% | 8% | 15.0× | 5.9% |
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 | 294870.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.9% | -2.5% | 4th highest of 21 |
| 6-month return | +4.1% | -21.2% | 3rd highest of 21 |
| Distance from 52-week high | -7.9% | -33.4% | 3rd highest of 21 |
| Revenue growth (TTM) | -13.0% | +7.9% | 3rd lowest of 21 |
| Operating margin | 11.1% | 6.4% | 6th highest of 21 |
| Forward P/E | 4.2× | 16.9× | cheapest of 17 |
| ROIC minus cost of capital | +4.4 pp | -2.0 pp | 5th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| IPARK Hyundai Development 294870.KS | South Korea | $1.12B | +4% | -13% | 11% | 4.2× | n/a | n/a |
| Decai Decoration 605287.SS | China | $1.12B | -3% | +17% | 5% | n/a | 25.3% | -5.4% |
| Norbit NORBT.OL | Norway | $1.12B | -28% | +34% | 22% | 21.1× | -5.3% | +32.2% |
| Jiangsu Zeyu Intelligent Electric Power 301179.SZ | China | $1.13B | -20% | +8% | 8% | 32.1× | 24.8% | +15.4% |
| Norconsult NORCO.OL | Norway | $1.14B | +2% | +13% | 7% | 15.7× | -5.9% | +10.6% |
| Techno Electric & Engineering TECHNOE.NS | India | $1.14B | -28% | +39% | 13% | 18.8× | n/a | n/a |
| Instalco INSTAL.ST | Sweden | $1.15B | +9% | +9% | 5% | 18.4× | 10.9% | +13.8% |
| Ameresco AMRC | United States | $1.15B | -28% | +9% | 7% | 15.6× | n/a | n/a |
| Renew RNWH.L | United Kingdom | $1.15B | +19% | +8% | 6% | 15.3× | 7.7% | +11.7% |
| Shenzhen Zhongzhuang Construction 002822.SZ | China | $1.15B | -15% | -56% | -96% | n/a | n/a | n/a |
| thyssenkrupp nucera AG & Co. KGaA NCH2.DE | Germany | $1.09B | -13% | -42% | -13% | n/a | n/a | n/a |
| China Bester Group Telecom 603220.SS | China | $1.17B | -48% | +3% | 6% | 20.0× | n/a | n/a |
| IRCON International IRCON.NS | India | $1.08B | -33% | -3% | 7% | 15.4× | n/a | n/a |
| EPIC Suisse EPIC.SW | Switzerland | $1.17B | +2% | +4% | 78% | 20.8× | 7.1% | +4.3% |
| Chiyoda 6366.T | Japan | $1.07B | -35% | +16% | 17% | 6.7× | n/a | n/a |
| GenusPlus GNP.AX | Australia | $1.18B | -12% | +71% | 6% | 18.1× | 6.2% | +32.1% |
| Anhui Construction Engineering 600502.SS | China | $1.07B | -23% | -4% | 6% | 4.6× | n/a | n/a |
| Toa Corporation (Construction) 1885.T | Japan | $1.06B | -29% | +2% | 7% | 9.1× | -12.2% | +13.6% |
| Fugro FUR.AS | Netherlands | $1.06B | -29% | -11% | 3% | n/a | n/a | n/a |
| Tianjin Capital Environmental Protection 600874.SS | China | $1.21B | -9% | -3% | 29% | 9.6× | -15.4% | +7.3% |
| HuaDian Heavy Industries 601226.SS | China | $1.04B | -32% | +18% | 2% | 29.5× | 18.2% | +3.2% |