Hyundai Mobis revalued as a humanoid-robotics parts stock, target price 76ten thousand won

![Hyundai Mobis revalued as a humanoid-robotics parts stock, target price 76(/blog-images/gen-70297ad1-9e73-4d69-bd36-3ecd8f76ee44.jpg)

IBK Investment & Securities 9maintained its 'Buy' rating on Hyundai Mobis and raised its target price from 60ten thousand won to 76ten thousand won. Analyst Lee Hyun-wook presented the reasons for the increase. It said the adjustment was a decision based on the analyst's analysis.

The analyst cited Hyundai Mobis's potential entry into the core robotics-parts business through the in-house production of Atlas actuators as an investment point. The analyst expected Hyundai Mobis's role as Hyundai Motor Group's key manufacturing and parts affiliate in the physical-AI ecosystem to expand. The scalability of its existing electrification-parts capabilities and robotics drivetrain technology was also mentioned as an investment point.

The analyst assessed that Hyundai Mobis could emerge as a beneficiary of the in-house production of key parts under Hyundai Motor Group's robotics strategy. The assessment was based on the potential linkage between robotics drivetrains and electrification parts. The analyst said that this structural change could affect the company's business portfolio.

The researcher explained the assumption that Atlas 1actuators per unit 31would be installed. The researcher said this assumption was the basis for estimating demand for components per robot 1unit. Based on this premise, the researcher presented production capacity and converted revenue figures.

The researcher announced that, assuming 2028years and annual 35ten-thousand-unit production capacity, this would translate into approximately 5075hundred million won in revenue. This estimate was presented in connection with an increase in the target price. The researcher made clear that the figure was the result of the researcher's own calculation.