--- title: "The high Target P/E is justified by the possibility of escaping two years of losses, shareholder… — 현대차증권 인터넷/게임 최승호 — DecisionGateway" description: "prediction by 현대차증권 인터넷/게임 최승호, recorded recently — verbatim quote and source citation." canonical_url: "https://dgw.tmarket.io/claims/01a1d940-b9db-7766-a9ea-d9a133d06985" meta: "og:description": "prediction by 현대차증권 인터넷/게임 최승호, recorded recently — verbatim quote and source citation." "og:image": "https://dgw.tmarket.io/og.jpg" "og:image:alt": "White network of connected nodes crossed by a timeline on black" "og:image:height": "1024" "og:image:width": "1024" "og:title": "The high Target P/E is justified by the possibility of escaping two years of losses, shareholder… — 현대차증권 인터넷/게임 최승호 — DecisionGateway" "twitter:image": "https://dgw.tmarket.io/og.jpg" --- > Index of every page on this site: [llms.txt](https://dgw.tmarket.io/llms.txt) prediction # **The high Target P/E is justified by the possibility of escaping two years of losses, shareholder returns and additional M&A using about 9천억 cash, and the arrival of a major new-title cycle, but full transition to a profit-growth phase in 28년 is needed to justify it.** A prediction by 현대차증권 인터넷/게임 최승호. Statements are as reported by the cited publishers — not verified by DecisionGateway. > *높은 Target P/E설정은 2년간 이어진 적자 탈출 가능성, 보유중인 약 9천억 현금을 활용한 주주환원 및 추가적 M&A 가능성, 주요 신작 사이클 도래로 회사가 정상화되는 구간임을 고려한 높은 P/E 설정임을 부연함.* hmsecresearchPublished 2026-11-04 [ Read source](https://t.me/hmsecresearch/6158) ## **Discussion** ## **Related claims** [**The target price is raised to 15,000원 from 13,000원 on higher earnings estimates, maintaining the stock as top trading pick and keeping the Target P/E of 25x.**현대차증권 인터넷/게임 최승호 · commitment](https://dgw.tmarket.io/claims/01a1d940-b9b7-7fcc-b1af-5a38a8f81fc6) [**The target price applies the past 3-year average P/E band of 11.9x and 12-month forward EPS of 4,695 KRW (previously 4,885 KRW), considering entry into the Physical AI value chain including robotaxi and robotics actuators.**현대차증권 · statement](https://dgw.tmarket.io/claims/01a1d93d-7719-700c-8dc5-07d1ef2f2eef) [**The investment opinion BUY is maintained with a target price of 70,000 KRW, applying a Target P/E of 8.7x to 2028F EPS of 8,158 KRW.**현대차증권 조선/방산 백주호 · commitment](https://dgw.tmarket.io/claims/01a1d939-d05f-7854-a9d2-e5908bc8415b) [**27F EPS 5,001원에 Target Multiple 13.4배(글로벌 Peer Group인 Camtek, Onto Innovation의 평균 Multiple 대비 20% Discount) 적용하여 목표주가 산출.**김종배 · statement](https://dgw.tmarket.io/claims/01a1d94f-9ed4-7295-95fe-7f9ea7bd6ee5) [**Even applying the low end of 2025 P/E given the recent share price decline, upside is sufficient.**현대차증권 조선/방산 백주호 · prediction](https://dgw.tmarket.io/claims/01a1d939-d06a-7104-af74-4b1eb89d5092) [**The target price is cut to KRW 370,000 (Buy maintained), derived by applying a target P/B of 1.1 to 12M forward BPS (sustainable ROE 15.3%, COE 13.5%), with sustainable ROE lowered to reflect reduced earnings estimates from a lower average daily trading value forecast.**현대차증권 증권 김성훈 · statement](https://dgw.tmarket.io/claims/01a1d937-f53f-735b-ae13-5b574e1f65fb) [All claims](https://dgw.tmarket.io/claims) ```json {"@context":"https://schema.org","@graph":[{"@id":"https://dgw.tmarket.io/#website","@type":"WebSite","description":"Decisions, events and falsifiable forecasts from 4,000+ Telegram channels — every claim cited. 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