Financials Samsung Electro-Mechanics Co., Ltd.

Equities

A009150

KR7009150004

Electronic Equipment & Parts

End-of-day quote Korea S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
155,900 KRW +3.04% Intraday chart for Samsung Electro-Mechanics Co., Ltd. +7.59% +1.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,229,390 13,202,290 14,656,628 9,669,155 11,340,133 11,548,105 - -
Enterprise Value (EV) 2 10,388 13,575 14,148 9,431 11,202 11,016 10,652 10,151
P/E ratio 18.4 x 22.3 x 16.7 x 10.1 x 27.1 x 17.3 x 13.7 x 11.3 x
Yield 0.88% 0.79% 1.06% 1.61% 0.75% 1.17% 1.24% 1.28%
Capitalization / Revenue 1.15 x 1.61 x 1.51 x 1.03 x 1.27 x 1.15 x 1.07 x 0.99 x
EV / Revenue 1.29 x 1.65 x 1.46 x 1 x 1.26 x 1.09 x 0.99 x 0.87 x
EV / EBITDA 6.48 x 8.23 x 6.01 x 4.57 x 7.59 x 6.28 x 5.13 x 4.4 x
EV / FCF -19.7 x 16.3 x 15.9 x 33.8 x -381 x 19.2 x 16.4 x 13.7 x
FCF Yield -5.07% 6.12% 6.27% 2.96% -0.26% 5.21% 6.09% 7.28%
Price to Book 1.89 x 2.24 x 2.28 x 1.26 x 1.42 x 1.42 x 1.32 x 1.2 x
Nbr of stocks (in thousands) 75,547 75,547 75,547 75,547 75,547 75,547 - -
Reference price 3 125,000 178,000 197,500 130,500 153,200 155,900 155,900 155,900
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/31/24 - - -
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 8,041 8,209 9,675 9,425 8,909 10,072 10,806 11,670
EBITDA 1 1,604 1,650 2,353 2,062 1,476 1,762 2,075 2,308
EBIT 1 734 829.1 1,487 1,183 639.4 886.9 1,154 1,349
Operating Margin 9.13% 10.1% 15.37% 12.55% 7.18% 8.81% 10.68% 11.56%
Earnings before Tax (EBT) 1 690.6 782.9 1,491 1,187 543.2 894.8 1,140 1,358
Net income 1 514.3 604 892.4 980.6 423 688.1 861.1 1,042
Net margin 6.4% 7.36% 9.22% 10.4% 4.75% 6.83% 7.97% 8.92%
EPS 2 6,806 7,993 11,811 12,977 5,647 9,054 11,394 13,855
Free Cash Flow 3 -526,701 831,409 887,007 278,828 -29,418 574,885 645,869 738,633
FCF margin -6,550.35% 10,128.34% 9,168% 2,958.51% -330.18% 5,707.48% 5,976.84% 6,329.09%
FCF Conversion (EBITDA) - 50,381.73% 37,692.04% 13,524.6% - 32,627.28% 31,127.42% 31,998.63%
FCF Conversion (Net income) - 137,659.14% 99,390.67% 28,434.42% - 83,545.17% 75,005.66% 70,917.92%
Dividend per Share 2 1,100 1,400 2,100 2,100 1,150 1,826 1,932 1,989
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/31/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 2,689 2,430 2,617 2,456 2,384 1,968 2,022 2,221 2,361 2,306 2,624 2,384 2,582 2,502 2,780
EBITDA 1 - 676.3 582.6 630.5 581.4 532.1 317.6 361.9 417.2 392.5 298.2 383.2 406.6 480.2 460.9 526.5
EBIT 1 829.1 457.8 316.2 410.5 360.1 311 101.2 140.1 205 184 110.4 180.3 206.3 264 232.9 268.6
Operating Margin - 17.03% 13.01% 15.69% 14.66% 13.05% 5.14% 6.93% 9.23% 7.79% 4.79% 6.87% 8.65% 10.22% 9.31% 9.66%
Earnings before Tax (EBT) 1 - 476 324.2 427 385.2 380 -5.4 143 145.7 191.8 62.7 219.5 199.3 261.7 227.5 301
Net income 1 - 349.5 85.49 315.4 281.3 271.7 112.2 111.4 112.6 155.5 43.43 183.1 147.6 196.7 167.8 217.8
Net margin - 13% 3.52% 12.05% 11.45% 11.4% 5.7% 5.51% 5.07% 6.59% 1.88% 6.98% 6.19% 7.62% 6.71% 7.84%
EPS 2 - 4,626 1,131 4,175 3,723 3,596 1,484 1,474 1,490 2,058 625.0 1,652 1,816 2,604 2,278 2,507
Dividend per Share 2 - - 2,100 - - - 2,100 - - - 1,150 - - - 2,131 -
Announcement Date 1/27/21 10/27/21 1/26/22 4/27/22 7/27/22 10/26/22 1/25/23 4/26/23 7/26/23 10/26/23 1/31/24 4/29/24 - - - -
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,159 373 - - - - - -
Net Cash position 1 - - 509 238 138 533 896 1,397
Leverage (Debt/EBITDA) 0.7226 x 0.2259 x - - - - - -
Free Cash Flow 2 -526,701 831,409 887,007 278,828 -29,418 573,500 648,869 738,633
ROE (net income / shareholders' equity) 10.2% 11% 16.9% 13.6% 5.6% 8.47% 9.82% 10.9%
ROA (Net income/ Total Assets) 5.94% 6.97% 11% 9.37% 3.8% 5.83% 6.81% 7.63%
Assets 1 8,660 8,665 8,104 10,470 11,122 11,780 12,665 13,651
Book Value Per Share 3 66,094 79,406 86,584 103,702 107,956 109,746 118,451 130,038
Cash Flow per Share 3 14,049 21,846 23,816 21,671 16,237 20,729 23,235 26,471
Capex 1 1,548 757 844 1,297 1,210 1,058 1,083 1,161
Capex / Sales 19.25% 9.22% 8.73% 13.76% 13.58% 10.51% 10.02% 9.95%
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/31/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
155,900 KRW
Average target price
187,214 KRW
Spread / Average Target
+20.09%
Consensus
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