Corporate Logo(source: hyundaielevator.co.kr)
Shares of Hyundai Elevator(017800), listed on the main bourse, rose sharply on November 28 as expectations grew that the company’s year-end dividend payout will increase significantly.
According to the Korea Exchange, as of 9:40 a.m., Hyundai Elevator was trading at 84,600 won, up 4.19% from the previous day. The influx of buying appears to stem from growing anticipation that the company’s 2025 fiscal-year dividend will expand meaningfully.
In a report released the same day, DS Investment & Securities projected that “large-scale dividends will continue,” raising its target price from 94,000 won to 98,000 won. Analyst Kim Soo-hyun noted, “As part of its shareholder value enhancement policy, the company entirely reduced its 307.2 billion won capital surplus and transferred it to retained earnings, announcing that the full amount will be included in the 2025 fiscal-year dividend resources.”
The analyst further highlighted that in line with the shareholder return policy announced in 2023—under which more than 50% of annual net profit is used for ordinary dividends—“over 50% of the projected 173.5 billion won net profit for 2025 will be allocated to dividends.”
He added that Hyundai Elevator plans to distribute 100% of profits generated from recent asset sales, including portions of its building holdings and its stake in MoveX, and that a third-quarter interim dividend of 1,000 won per share will be paid to shareholders of record on November 30. “Taken together, at least 12,000 to 14,000 won per share is expected to be paid in total dividends,” Kim said, adding that “this translates into a dividend yield of 14.7–17.2% based on the previous day’s closing price.”
Kim also noted that Hyundai Elevator is likely to expand its high-dividend policy next year, while momentum surrounding the current administration’s North Korea-related policies remains intact. He added that business performance should improve as orders rise alongside the government’s plans for 13 leading districts encompassing 35,897 housing units scheduled for occupancy by 2030.
For 2026, the analyst forecast sales of 2.88 trillion won and operating profit of 249.1 billion won, up 3% and 17%, respectively, from a year earlier.
*[KOSPI] Hyundai Elevator(017800) operates in the transportation machinery industry, manufacturing, selling, installing, and maintaining elevators, escalators, and moving walkways. Market capitalization is 3.19 trillion won (as of November 27, 2025, closing price).
Shares of Hyundai Elevator(017800), listed on the main bourse, rose sharply on November 28 as expectations grew that the company’s year-end dividend payout will increase significantly.
According to the Korea Exchange, as of 9:40 a.m., Hyundai Elevator was trading at 84,600 won, up 4.19% from the previous day. The influx of buying appears to stem from growing anticipation that the company’s 2025 fiscal-year dividend will expand meaningfully.
In a report released the same day, DS Investment & Securities projected that “large-scale dividends will continue,” raising its target price from 94,000 won to 98,000 won. Analyst Kim Soo-hyun noted, “As part of its shareholder value enhancement policy, the company entirely reduced its 307.2 billion won capital surplus and transferred it to retained earnings, announcing that the full amount will be included in the 2025 fiscal-year dividend resources.”
The analyst further highlighted that in line with the shareholder return policy announced in 2023—under which more than 50% of annual net profit is used for ordinary dividends—“over 50% of the projected 173.5 billion won net profit for 2025 will be allocated to dividends.”
He added that Hyundai Elevator plans to distribute 100% of profits generated from recent asset sales, including portions of its building holdings and its stake in MoveX, and that a third-quarter interim dividend of 1,000 won per share will be paid to shareholders of record on November 30. “Taken together, at least 12,000 to 14,000 won per share is expected to be paid in total dividends,” Kim said, adding that “this translates into a dividend yield of 14.7–17.2% based on the previous day’s closing price.”
Kim also noted that Hyundai Elevator is likely to expand its high-dividend policy next year, while momentum surrounding the current administration’s North Korea-related policies remains intact. He added that business performance should improve as orders rise alongside the government’s plans for 13 leading districts encompassing 35,897 housing units scheduled for occupancy by 2030.
For 2026, the analyst forecast sales of 2.88 trillion won and operating profit of 249.1 billion won, up 3% and 17%, respectively, from a year earlier.
*[KOSPI] Hyundai Elevator(017800) operates in the transportation machinery industry, manufacturing, selling, installing, and maintaining elevators, escalators, and moving walkways. Market capitalization is 3.19 trillion won (as of November 27, 2025, closing price).