Risk factor
Good trading liquidity
Profitability factor
Slightly undervalued vs peers
About
Mando Corporation is a global supplier and manufacturer of a broad spectrum of automotive components, with its origins and headquarters in Pyeongtaek-si, South Korea. Its extensive product lineup includes advanced braking systems such as caliper and drum brakes, electric parking brakes, active hydraulic boost, and integrated dynamic brakes, along with safety features like ABS, TCS, and ESC. The company also specializes in steering technologies, offering everything from conventional manual and hydraulic steering gears to modern electric power steering systems and their associated shafts and columns. Furthermore, Mando develops sophisticated suspension systems, including shock absorbers, struts, damper spring modules, self-levelizers, and semi-active solutions. A significant part of its portfolio is dedicated to cutting-edge driver assistance systems, encompassing smart cruise control, lane keeping assist, blind spot detection, smart parking assist, and autonomous emergency braking. Supporting these systems are various electronic components like power packs, diverse sensors (Yaw, G, ultrasonic, torque, torque angle), radar units, and front camera modules. Established in 1962, Mando Corporation operates as a subsidiary of Halla Holdings Corp.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB
Target Price
The average target price of 204320.KS is 75332 and suggests 68.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation t