Hyundai Motor and Kia join hands with Next Hydrogen to produce clean hydrogen

  • Hyundai Motor (OTCPK:HYMTF) and Kia sign a MOU with Next Hydrogen to develop an advanced alkaline water electrolysis system that helps produce green hydrogen economically.
  • Next Hydrogen is a Canadian company specializing in water electrolysis technology and a subsidiary of Next Hydrogen Solutions.
  • The companies aim to develop a more efficient stack for the system, and explore potential technological applications and commercial arrangements in the future.
  • 'We are pleased to partner with Next Hydrogen specializing in state-of-the-art water electrolysis technology. This partnership is another leap forward for our hydrogen business and will be our first step into the alkaline water electrolysis market. We believe our technology will be an excellent match for Next Hydrogen's technology, and this synergy will help achieve our goal to provide our customers with cost-effective green hydrogen." said Jae-Hyuk Oh, VP and Head of Energy Business Development Group at Hyundai Motor Group.

    Over the current book year the total revenu from the company based in Seoul will be 3.41 billion SEK (consensus estimates). This is quite more than 2021's revenue of 2880.89 billion SEK.

    Historical revenues and results Hyundai Corp plus estimates 2021

    aandelenanalyse

    The analysts expect for 2021 a net profit of 35.33 billion SEK. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 2661.67 SEK. The price/earnings-ratio is then 7.35.

    Huge dividend Hyundai Corp

    Per share the analysts anticipate on a dividend of 600 SEK per share. Thus the dividend yield equals 3.07 percent. The average dividend yield of the trade companies equals an attractive 3.14 percent.

    Hyundai Corp's market capitalization is based on the number of outstanding shares around 247.48 billion SEK. 28

    Historical stock prices Hyundai Corp period 2007-2021

    fundamental data hyundaicorp

    At 8.40 the stock trades 1.82 percent higher at 19550 SEK.

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