Financials Samsung Electronics Co., Ltd. OTC Markets

Equities

SSNLF

KR7005930003

Phones & Handheld Devices

Market Closed - OTC Markets Other stock markets 12:48:51 28/09/2022 am IST			5-day change	1st Jan Change
40.6 ^USD	-29.70%		-.--%	-.--%

31/05	Chipmakers' plans for factories in Europe, US and Asia	RE
31/05	Samsung Biologics Aims to Lower Greenhouse Gas Emissions by 2030	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	37,04,72,922	54,41,16,848	52,60,23,507	37,16,84,753	51,98,93,772	48,83,99,085	-	-
Enterprise Value (EV) ²	2,76,732	4,39,607	4,20,214	2,66,795	4,40,204	3,97,685	3,79,166	3,50,077
P/E ratio	17.6 x	21.1 x	13.6 x	6.86 x	36.8 x	14.2 x	10.5 x	10.1 x
Yield	2.54%	1.75%	1.84%	2.61%	1.84%	1.97%	1.96%	1.98%
Capitalization / Revenue	1.61 x	2.3 x	1.88 x	1.23 x	2.01 x	1.57 x	1.4 x	1.33 x
EV / Revenue	1.2 x	1.86 x	1.5 x	0.88 x	1.7 x	1.28 x	1.09 x	0.95 x
EV / EBITDA	5.09 x	6.97 x	5.07 x	3.36 x	10.5 x	4.86 x	3.69 x	3.28 x
EV / FCF	13.8 x	15.9 x	23.4 x	20.8 x	-32.7 x	22.3 x	13.8 x	8.2 x
FCF Yield	7.23%	6.3%	4.28%	4.8%	-3.06%	4.48%	7.26%	12.2%
Price to Book	1.31 x	2.06 x	1.58 x	0.96 x	1.33 x	1.32 x	1.2 x	1.11 x
Nbr of stocks (in thousands)	67,92,669	67,92,669	67,92,669	67,92,669	67,92,669	67,92,669	-	-
Reference price ³	55,800	81,000	78,300	55,300	78,500	73,500	73,500	73,500
Announcement Date	30/01/20	28/01/21	26/01/22	30/01/23	30/01/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,30,400	2,36,810	2,79,605	3,02,230	2,58,936	3,10,974	3,48,737	3,68,546
EBITDA ¹	54,340	63,110	82,920	79,330	42,100	81,777	1,02,663	1,06,852
EBIT ¹	27,770	35,990	51,634	43,380	6,540	41,411	58,688	61,125
Operating Margin	12.05%	15.2%	18.47%	14.35%	2.53%	13.32%	16.83%	16.59%
Earnings before Tax (EBT) ¹	30,430	36,350	53,352	46,440	11,006	45,468	62,044	65,545
Net income ¹	21,510	26,090	39,244	54,730	14,473	34,559	45,808	47,006
Net margin	9.34%	11.02%	14.04%	18.11%	5.59%	11.11%	13.14%	12.75%
EPS ²	3,166	3,841	5,777	8,057	2,131	5,189	6,972	7,286
Free Cash Flow ³	2,00,10,000	2,77,00,000	1,79,90,000	1,28,00,000	-1,34,80,000	1,78,11,643	2,75,28,193	4,26,80,800
FCF margin	8,684.9%	11,697.14%	6,434.08%	4,235.19%	-5,205.93%	5,727.7%	7,893.68%	11,580.85%
FCF Conversion (EBITDA)	36,823.7%	43,891.62%	21,695.61%	16,135.13%	-	21,780.71%	26,814.09%	39,943.93%
FCF Conversion (Net income)	93,026.5%	1,06,170.95%	45,841.64%	23,387.54%	-	51,539.16%	60,094.9%	90,797.7%
Dividend per Share ²	1,416	1,416	1,444	1,444	1,444	1,450	1,444	1,452
Announcement Date	30/01/20	28/01/21	26/01/22	30/01/23	30/01/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	76,566	77,782	77,000	76,780	70,460	63,750	60,000	1,23,751	67,000	67,780	71,916	73,144	82,519	83,828	85,483	84,689
EBITDA ¹	22,730	23,130	23,170	19,880	13,150	9,440	9,440	-	11,300	11,880	15,840	18,090	22,918	24,623	25,989	31,149
EBIT ¹	13,867	14,121	14,000	10,850	4,310	640	600	-	2,400	2,800	6,600	8,392	12,395	13,498	14,741	14,977
Operating Margin	18.11%	18.16%	18.18%	14.13%	6.12%	1%	1%	-	3.58%	4.13%	9.18%	11.47%	15.02%	16.1%	17.24%	17.68%
Earnings before Tax (EBT) ¹	14,363	15,070	14,460	11,860	5,050	1,826	1,713	-	3,943	3,524	7,707	9,828	14,029	15,372	16,555	16,843
Net income ¹	10,643	11,129	10,950	9,140	23,500	1,401	1,547	-	5,501	6,024	6,621	7,156	10,137	11,001	11,965	12,130
Net margin	13.9%	14.31%	14.22%	11.9%	33.35%	2.2%	2.58%	-	8.21%	8.89%	9.21%	9.78%	12.29%	13.12%	14%	14.32%
EPS ²	1,566	1,638	1,613	1,346	3,460	206.0	228.0	434.0	810.0	887.0	975.0	1,199	1,645	1,867	1,927	1,837
Dividend per Share ²	-	-	361.0	361.0	361.0	361.0	361.0	-	361.0	361.0	-	361.0	361.0	361.0	361.0	361.0
Announcement Date	26/01/22	27/04/22	06/07/22	27/10/22	30/01/23	26/04/23	06/07/23	06/07/23	10/10/23	30/01/24	29/04/24	-	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	93,741	1,04,510	1,05,810	1,04,890	79,690	90,714	1,09,233	1,38,323
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	2,00,10,000	2,77,00,000	1,79,90,000	1,28,00,000	-1,34,80,000	1,78,11,643	2,75,28,193	4,26,80,800
ROE (net income / shareholders' equity)	8.69%	10%	14%	17%	4%	9.33%	11.5%	10.9%
ROA (Net income/ Total Assets)	6.22%	7.14%	9.75%	12.5%	3.2%	7.48%	9.24%	8.68%
Assets ¹	3,45,959	3,65,401	4,02,429	4,37,525	4,52,265	4,62,256	4,95,544	5,41,559
Book Value Per Share ³	42,701	39,406	49,629	57,822	59,170	55,834	61,434	66,259
Cash Flow per Share ³	6,680	9,612	9,586	10,416	6,499	11,365	13,485	13,995
Capex ¹	25,370	37,590	47,120	49,430	57,610	53,266	55,196	58,298
Capex / Sales	11.01%	15.87%	16.85%	16.36%	22.25%	17.13%	15.83%	15.82%
Announcement Date	30/01/20	28/01/21	26/01/22	30/01/23	30/01/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Samsung Electronics Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

73,500 KRW

Average target price

1,03,838 KRW

Spread / Average Target

+41.28%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Phones & Handheld Devices

	1st Jan change	Capi.
SHENZHEN AISIDI CO., LTD.	+6.35%	1.69B
HTC CORPORATION	-15.01%	1.12B
MERRY ELECTRONICS CO., LTD.	+13.24%	840M
JNTC CO., LTD.	+54.33%	765M
SHELLY GROUP AD	+57.96%	745M
SK NETWORKS COMPANY LIMITED	-12.17%	740M
NINGBO BIRD CO.,LTD.	-29.94%	357M
OPTIEMUS INFRACOM LIMITED $Stock Optiemus Infracom Limited$	-16.73%	266M
UIL CO., LTD.	+19.93%	98.63M

Other Phones & Handheld Devices