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- Hyundai Oilbank
Hyundai Oilbank Revenue, Valuation, Funding & Investors
Hyundai Oilbank is valued at $8.8B as of December 2019, a 0.5x multiple on its last reported $18B revenue.
Last Hyundai Oilbank valuation
$8.8B
Secondary · Dec 2019
Hyundai Oilbank revenue
$18B
Secondary · Dec 2019
Key investors in Hyundai Oilbank
About Hyundai Oilbank
Hyundai Oilbank is a Seoul-headquartered petroleum refiner in South Korea. The company operates the Daesan refinery complex, producing gasoline, diesel, jet fuel, lubricants, and petrochemicals like benzene and paraxylene. It supplies fuel to domestic automotive, aviation, and industrial sectors while exporting refined products to Asia and the United States. Hyundai Oilbank invests in clean fuel technologies, including low-sulfur marine fuels and renewable diesel blends.
Founded
1964
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$18B (Dec 2019)
Valuation
$8.8B (Dec 2019)
Hyundai Oilbank Valuation
Hyundai Oilbank is currently valued at $8.8B, based on its secondary sale in December 2019.
The $1.2B round was led by Aramco.
Hyundai Oilbank valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2019 | Secondary | $8.8B | 0.5x |
Hyundai Oilbank Revenue
Hyundai Oilbank's latest recorded revenue is $18B, as of its secondary sale in December 2019. At a $8.8B valuation, that implies a 0.5x revenue multiple.
Hyundai Oilbank revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2019 | $18B | $8.8B | 0.5x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Hyundai Oilbank Funding History
Hyundai Oilbank has 1 recorded secondary share sale and no primary funding rounds.
Hyundai Oilbank funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2019 | Secondary | Aramco (lead) | $1.2B | $8.8B | Hyundai Oilbank is a private South Korean oil refining company established in 1964, operating a fully integrated refining plant at the Daesan Complex with a processing capacity of 650,000 barrels per day. Its business portfolio includes oil refining, base oil, petrochemicals, and a network of gas stations across five subsidiaries. Saudi Aramco, through its subsidiary Aramco Overseas Company B.V., completed the acquisition of a 17% stake in Hyundai Oilbank from Hyundai Heavy Industries Holdings on approximately December 17, 2019. The transaction was valued at approximately $1.25 billion, implying a full company valuation of about $7.06 billion. The deal included an option for Saudi Aramco to acquire an additional 2.9% stake. The investment supports Saudi Aramco’s downstream growth strategy by expanding its global footprint in key markets, providing a dedicated outlet for Arabian crude oil in South Korea, and enhancing crude oil placement and trading capabilities in Asia’s complex refining sector. |
Who has invested in Hyundai Oilbank?
1 investor has backed Hyundai Oilbank across its funding rounds, including Aramco.
Lead investors include Aramco.
Hyundai Oilbank Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHyundai Oilbank Competitors
Hyundai Oilbank competitors include listed companies like Viper Energy, Antero Midstream, South Bow and Keyera, and private ones like QGC and TANAP.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.4B | $475M | $8.3B | 7.2x | ||
| Private | - | - | $9.5B | - | ||
| Publicly listed | $1.3B | $960M | $10B | 10.6x | ||
| Publicly listed | $2B | $1B | $7.5B | 6.3x | ||
| Publicly listed | $4.9B | $814M | $11B | 2.7x | ||
| Private | - | - | $4B | - |
Hyundai Oilbank Public Comps
Hyundai Oilbank is still privately-owned, but its public comps include SM Energy, Motor Oil (Hellas), Brookfield Renewable Partners, Vista Energy, REC, Range Resources, PBF Energy, Kunlun Energy, Viper Energy and Centrica.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.1B | $2.2B | 4.8x | 2.4x | 6.9x | 3.7x | |||
| $13B | $1.4B | 0.7x | 0.6x | 7.2x | 5.0x | |||
| $6.4B | $4.8B | 12.0x | 11.7x | 16.1x | 25.7x | |||
| $2.5B | $2B | 4.9x | 3.4x | 5.9x | 4.9x | |||
| $2.3B | $2.2B | 27.3x | 25.9x | 28.2x | 27.7x | |||
| $3B | $1.3B | 3.4x | 3.0x | 7.8x | 6.3x | |||
| $29B | $610M | 0.4x | 0.3x | 17.9x | 3.8x | |||
| $29B | $2.5B | 0.3x | 0.3x | 3.4x | 3.7x | |||
This data is available for Pro users. Sign up to see all Hyundai Oilbank competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hyundai Oilbank
| When was Hyundai Oilbank founded? | Hyundai Oilbank was founded in 1964. |
| Where is Hyundai Oilbank headquartered? | Hyundai Oilbank is headquartered in Cheongju, South Korea. |
| Is Hyundai Oilbank publicly listed? | No, Hyundai Oilbank is a private, VC-backed company. |
| What is Hyundai Oilbank's valuation? | Hyundai Oilbank was last valued at $8.8B in its secondary sale in December 2019. |
| Who are Hyundai Oilbank's investors? | Hyundai Oilbank's investors include Aramco. |
| What is Hyundai Oilbank's revenue? | Hyundai Oilbank's latest recorded revenue is $18B (December 2019). |
| What is Hyundai Oilbank's revenue multiple? | Hyundai Oilbank's latest valuation implies a 0.5x revenue multiple ($8.8B valuation on $18B of revenue). |
| Which companies are comparable to Hyundai Oilbank? | Companies comparable to Hyundai Oilbank include Viper Energy, QGC, Antero Midstream, South Bow, Keyera and TANAP. |
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