Financials Samsung Securities Co.,Ltd.

Equities

A016360

KR7016360000

Investment Banking & Brokerage Services

End-of-day quote Korea S.E. 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
38,100 KRW -0.13% Intraday chart for Samsung Securities Co.,Ltd. +1.74% -1.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Capitalization 1 34,46,980 36,12,185 40,09,570 28,08,485 33,48,750 - -
Enterprise Value (EV) 1 34,46,980 36,12,185 40,09,570 28,08,485 33,48,750 33,48,750 33,48,750
P/E ratio 8.8 x 7.11 x 4.15 x 6.65 x 5.27 x 4.81 x 4.55 x
Yield 3.63% 4.2% 4.9% 12.1% 6.86% 7.43% 8.09%
Capitalization / Revenue 2.82 x 2.42 x 1.79 x 2.01 x 1.88 x 1.78 x 1.72 x
EV / Revenue 2.82 x 2.42 x 1.79 x 2.01 x 1.88 x 1.78 x 1.72 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 0.7 x 0.68 x 0.66 x 0.45 x 0.47 x 0.44 x 0.42 x
Nbr of stocks (in thousands) 89,300 89,300 89,300 89,300 89,300 - -
Reference price 2 38,600 40,450 44,900 31,450 37,500 37,500 37,500
Announcement Date 30/01/20 29/01/21 28/01/22 27/01/23 - - -
1KRW in Million2KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,222 1,493 2,242 1,401 - 1,781 1,882 1,948
EBITDA - - - - - - - -
EBIT 1 517.6 679.3 1,311 578.1 741.1 852.2 922.7 982.3
Operating Margin 42.36% 45.51% 58.48% 41.28% - 47.85% 49.03% 50.41%
Earnings before Tax (EBT) 1 522.7 685.8 1,328 574.7 746.8 859.7 931.1 1,000
Net income 1 391.8 507.6 965.8 422.4 547.4 650.6 688.3 736
Net margin 32.07% 34.01% 43.08% 30.16% - 36.53% 36.58% 37.77%
EPS 2 4,388 5,686 10,810 4,730 - 7,117 7,799 8,245
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1,400 1,700 2,200 3,800 - 2,572 2,788 3,033
Announcement Date 30/01/20 29/01/21 28/01/22 27/01/23 26/01/24 - - -
1KRW in Billions2KRW
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 596.3 431.2 362.2 - 367.5 247.9 576.2 414 452.8 440.8 442 450.5 443.5 458
EBITDA - - - - - - - - - - - - - -
EBIT 1 362.7 190.4 212.2 182.8 156.1 26.91 341.6 200.4 201.3 208.2 192.5 194.5 180.5 238
Operating Margin 60.81% 44.16% 58.59% - 42.48% 10.86% 59.29% 48.41% 44.47% 47.25% 43.55% 43.17% 40.7% 51.97%
Earnings before Tax (EBT) 1 365 197.9 216.4 182.4 156.1 19.79 347 203.2 203.1 227 234 226 185 245
Net income 1 268.2 143.6 151.8 136.8 123.4 10.36 252.6 151.5 151 169.3 146 147 132.5 182
Net margin 44.98% 33.31% 41.9% - 33.59% 4.18% 43.84% 36.6% 33.35% 38.41% 33.03% 32.63% 29.88% 39.74%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 05/11/21 28/01/22 12/05/22 11/08/22 26/10/22 27/01/23 11/05/23 08/08/23 02/11/23 - - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 8.15% 9.89% 16.9% 6.91% 8.54% 9.55% 9.42% 9.57%
ROA (Net income/ Total Assets) 0.94% 0.93% 1.49% 0.71% - 1.12% 1.16% 1.25%
Assets 1 41,591 54,427 64,821 59,778 - 58,320 59,288 58,724
Book Value Per Share 2 55,423 59,542 68,096 69,383 - 79,535 85,386 89,044
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 30/01/20 29/01/21 28/01/22 27/01/23 26/01/24 - - -
1KRW in Billions2KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
37,500 KRW
Average target price
47,833 KRW
Spread / Average Target
+27.56%
Consensus

Quarterly revenue - Rate of surprise

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