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박인우, Analyst, 3774 3763, inwoo.park@miraeasset.com
현대차
005380 KS
Figure 4 현대차 실적 추이 및 전망
(십억원) 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14 3Q14E 4Q14E 2014E 1Q15E 2Q15E 3Q15E 4Q15E 2015E
매출액 21,367 23,183 20,819 21,938 87,308 21,649 22,753 21,432 23,020 88,853 22,799 24,500 22,333 24,436 94,067
자동차 17,663 19,057 17,055 17,760 71,535 17,719 18,473 17,359 18,523 72,075 18,547 19,950 17,846 19,396 75,739
금융 2,433 2,683 2,227 2,550 9,892 2,607 2,783 2,459 2,770 10,619 2,797 2,902 2,697 3,070 11,466
기타 1,271 1,443 1,538 1,628 5,880 1,323 1,496 1,614 1,726 6,159 1,455 1,647 1,790 1,970 6,861
영업이익 1,869 2,406 2,010 2,030 8,315 1,938 2,087 1,816 2,166 8,008 2,081 2,489 2,046 2,119 8,735
자동차+연결조정 1,492 1,922 1,626 1,767 6,807 1,561 1,756 1,441 1,837 6,595 1,651 2,058 1,615 1,795 7,120
금융 295 378 279 167 1,120 316 267 271 208 1,062 352 328 313 211 1,204
기타 81 106 104 97 388 61 64 105 121 351 78 103 118 113 412
기타손익 212 (9) (9) (123) 72 41 26 39 28 134 57 58 49 41 205
금융손익 61 (13) 99 106 253 66 111 93 92 361 107 106 114 123 450
관계기업투자손익 602 811 714 929 3,057 649 702 642 654 2,647 697 749 683 747 2,876
세전이익 2,744 3,195 2,815 2,943 11,697 2,693 2,926 2,590 2,941 11,150 2,942 3,402 2,893 3,030 12,267
지배지분순이익 1,945 2,401 2,140 2,056 8,542 1,929 2,245 1,860 2,156 8,189 2,149 2,559 2,076 2,179 8,964
증감률 (% YoY)
매출액 6.0 5.7 6.0 (3.4) 3.4 1.3 (1.9) 2.9 4.9 1.8 5.3 7.7 4.2 6.2 5.9
자동차 2.4 (0.1) 5.1 (5.3) 0.3 0.3 (3.1) 1.8 4.3 0.8 4.7 8.0 2.8 4.7 5.1
금융 16.8 37.0 3.3 3.4 14.2 7.1 3.7 10.4 8.7 7.3 7.3 4.3 9.7 10.8 8.0
기타 52.5 59.0 22.2 8.5 30.7 4.1 3.7 4.9 6.0 4.7 9.9 10.1 10.9 14.1 11.4
영업이익 (10.7) (5.2) 1.7 10.8 (1.5) 3.7 (13.3) (9.6) 6.7 (3.7) 7.3 19.3 12.7 (2.2) 9.1
자동차+연결조정 (11.2) (14.0) 4.1 15.4 (2.9) 4.7 (8.6) (11.4) 4.0 (3.1) 5.8 17.2 12.1 (2.3) 8.0
금융 (20.5) 41.5 (14.2) (21.5) (4.9) 7.0 (29.4) (3.2) 24.5 (5.2) 11.3 22.6 15.8 1.4 13.4
기타 103.2 192.5 17.2 8.0 52.5 (25.0) (39.5) 0.6 25.2 (9.6) 27.6 60.2 12.6 (6.7) 17.3
세전이익 (12.9) 1.6 1.2 16.2 0.7 (1.9) (8.4) (8.0) (0.1) (4.7) 9.2 16.3 11.7 3.0 10.0
지배지분순이익 (15.5) (1.9) 5.6 14.8 (0.3) (0.9) (6.5) (13.1) 4.9 (4.1) 11.4 14.0 11.6 1.1 9.5
이익률 (%)
영업이익률 8.7 10.4 9.7 9.3 9.5 9.0 9.2 8.5 9.4 9.0 9.1 10.2 9.2 8.7 9.3
자동차+연결조정 8.4 10.1 9.5 9.9 9.5 8.8 9.5 8.3 9.9 9.2 8.9 10.3 9.0 9.3 9.4
금융 12.1 14.1 12.5 6.6 11.3 12.1 9.6 11.0 7.5 10.0 12.6 11.3 11.6 6.9 10.5
기타 6.4 7.4 6.8 5.9 6.6 4.6 4.3 6.5 7.0 5.7 5.3 6.3 6.6 5.7 6.0
세전이익률 12.8 13.8 13.5 13.4 13.4 12.4 12.9 12.1 12.8 12.5 12.9 13.9 13.0 12.4 13.0
지배지분순이익률 9.1 10.4 10.3 9.4 9.8 8.9 9.9 8.7 9.4 9.2 9.4 10.4 9.3 8.9 9.5
자료: 현대차, 미래에셋증권 리서치센터
Mirae Asset Securities