01 010690.KS Hwashin Co., Ltd. Loading... : Bullish and Bearish Analyst Opinions

Auto parts stocks are extremely undervalued with PBR multiples as low as 0.3 and are now being repurposed into robot-body suppliers by Hyundai Motor. Hwashin and Seoyon have direct robot exposure and deep valuation support.

Traditional auto parts makers are rapidly transitioning to robot parts, offering new growth narratives that warrant continued investor interest.

Mobile robotics parts/materials (소부장) companies will thrive as Hyundai Motor Group leads the robot era, similar to semiconductor 소부장 during the AI cycle. Key beneficiaries are those directly involved in actuators with advanced heat management (Hyundai Mobis, HL Mando) and MLCC capacitors (3,000–6,000 per humanoid robot, 3x a smartphone). Companies accompanying Hyundai's US expansion will capture direct demand. The supplier list includes Hyundai Mobis, HL Mando, SL, SNT Motive, Hwashin, Samhwa Condenser, and Samsung Electro-Mechanics.

Traditional auto parts companies are undervalued and lack growth momentum, but those entering the robotics parts business are seeing strong stock performance. Hwashin is extremely cheap and has potential as it expands into new businesses, making it a prime candidate for a re-rating.

Auto parts companies that have expanded into robotics are attractive investments. The robotics cycle is volume-driven, and parts suppliers will outperform the large-cap automakers because volume growth directly benefits their revenue.