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  "documentTitle": "Hyundai Motor Group",
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  "authorName": "Elliott",
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  "presentationDate": "2018-04-23 00:00:00",
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  "notes": "The slide uses two line charts to demonstrate the valuation gap between Hyundai Mobis and its peers.",
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      "kind": "callout",
      "text": "Mobis Discount vs. peers: (57%)",
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      "text": "Mobis Discount vs. peers: (51%)",
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      "text": "Source: Market data, company filings. Notes: 1. Forward EBITDA and earnings based on brokers' estimates. Market cap post deduction of cash and cash equivalents, short-term financial instruments, marketable securities. 2. Peers' average includes Mando, Hanon, Denso, Aisin Seiki, Continental, Brembo, Valeo, Magna, Autoliv and Tenneco.",
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      "text": "valuation discount: 57%",
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      "text": "Mobis is valued at a significant discount to peers in terms of both EV/EBITDA and P/E",
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