[Click eStock] "Hyundai AutoEver, Rebound Expected with Smart Factory Expansion"

Daishin Securities maintained a buy rating and a target price of 210,000 KRW for Hyundai AutoEver on the 17th, stating that "benefits are expected from Hyundai Motor Group's transition to smart factories." The closing price on the 14th was 136,700 KRW.

On the same day, Kim Gwi-yeon, a researcher at Daishin Securities, said, "Hyundai AutoEver recently participated in the 2025 Smart Factory & Automation Industry Exhibition (AW2025), operating a booth showcasing the Neo Factory (NNNEO Factory) solution for SDF (Software-Defined Factory) and conducting a keynote session."

Researcher Kim explained, "SDF is a factory concept where artificial intelligence integrates and controls systems such as production, quality, and data management through software," adding, "Hyundai AutoEver introduced related solutions through its own brand 'NNNEO Factory.'"

During the keynote session, the concept of SDF, its pursued direction, and competitiveness were explained, along with the potential for intelligent management to enhance collaboration among various robots within the factory and improve productivity.

The sales guidance for this year, announced on the 24th of last month, was 3.9 trillion KRW, a 5.2% increase compared to the previous year, which was somewhat below Daishin Securities' estimate and the market average forecast of 4.1 trillion KRW. Researcher Kim stated, "Sales in 2023 and last year recorded solid results, exceeding the guidance by 2.2% and 7.3%, respectively," adding, "Although the increase in customer IT budget execution in the fourth quarter of last year limits expectations for first-quarter performance compared to the previous quarter, attention should be paid to whether performance improves throughout the year due to expanded sales in corporate IT projects and vehicle software."

Researcher Kim emphasized, "The stock price continues to be overlooked due to conservative guidance and concerns about limited profitability," and stressed, "It is necessary to focus on the 2025 next-generation Enterprise Resource Planning (ERP) transition, expansion of smart factory applications, and the visibility of Level 3 autonomous driving commercialization rather than reflecting additional concerns." He also added, "The possibility of expanding logistics automation solutions after 2026 and the consequent likelihood of advancing smart factory and robot control systems remain valid."