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Samsung Electronics

Samsung's net profit fell 37.2% yoy to KRW 5,228 bil in 4Q2019

By Helgi Library - April 2, 2020

Samsung Electronics made a net profit of KRW 5,228 bil in 4Q2019, down 37.2% compared to the previous year. Total sales reached KRW ...

Samsung's net profit fell 37.2% yoy to KRW 5,228 bil in 4Q2019

By Helgi Library - April 2, 2020

Samsung Electronics made a net profit of KRW 5,228 bil in 4Q2019, down 37.2% compared to the previous year. Total sales reached KRW ...

Samsung's Cash & Cash Equivalents remain unchanged yoy at KRW bil in 3Q2019

By Helgi Library - October 12, 2020

Samsung Electronics's total assets reached KRW 353,386 bil at the end of 3Q2019, up 4.8% compared to the previous year. ...

Profit Statement 2017 2018 2019
Sales KRW bil 239,575 243,771 230,401
Gross Profit KRW bil 110,285 111,377 83,161
EBITDA KRW bil 75,762 85,369 ...
EBIT KRW bil 53,645 58,887 27,769
Financing Cost KRW bil -959 -1,623 ...
Pre-Tax Profit KRW bil 56,196 61,160 ...
Net Profit KRW bil 41,345 43,891 21,505
Dividends KRW bil 5,116 8,453 ...
Balance Sheet 2017 2018 2019
Total Assets KRW bil 301,752 339,357 ...
Non-Current Assets KRW bil 154,770 164,660 ...
Current Assets KRW bil 146,982 174,697 ...
Working Capital KRW bil 43,595 54,373 ...
Shareholders' Equity KRW bil 214,491 247,753 ...
Liabilities KRW bil 87,261 91,604 ...
Total Debt KRW bil 18,814 14,667 ...
Net Debt KRW bil -64,340 -86,210 ...
Ratios 2017 2018 2019
ROE % 20.3 19.0 8.68
ROCE % 23.3 21.0 ...
Gross Margin % 46.0 45.7 36.1
EBITDA Margin % 31.6 35.0 ...
EBIT Margin % 22.4 24.2 12.1
Net Margin % 17.3 18.0 9.33
Net Debt/EBITDA -0.849 -1.01 ...
Net Debt/Equity % -0.300 -0.348 ...
Cost of Financing % -5.62 -9.69 ...
Valuation 2017 2018 2019
Market Capitalisation USD mil 286,020 207,072 316,762
Enterprise Value (EV) USD mil 225,677 129,803 ...
Number Of Shares mil 6,056,600 5,970,450 6,792,510
Share Price USD 50.4 38.7 52.0
EV/EBITDA 3.39 1.66 ...
EV/Sales 1.07 0.581 ...
Price/Earnings (P/E) 7.38 5.26 16.4
Price/Book Value (P/BV) 1.42 0.933 ...
Dividend Yield % 1.68 3.66 ...

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summary Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                      
Sales KRW bil                                         228,693 206,206 200,653 201,867 239,575    
Gross Profit KRW bil                                         90,996 77,927 77,171 81,589 110,285    
EBIT KRW bil                                         36,785 25,025 26,413 29,241 53,645    
Net Profit KRW bil                                         29,821 23,083 18,695 22,416 41,345    
ROE %                                         22.0 14.5 10.8 12.1 20.3    
EBIT Margin %                                         16.1 12.1 13.2 14.5 22.4    
Net Margin %                                         13.0 11.2 9.32 11.1 17.3    
balance sheet                                                      
Total Assets KRW bil                                         214,075 230,423 242,180 262,174 301,752   ...
Non-Current Assets KRW bil                                         103,315 115,277 117,365 120,745 154,770   ...
Current Assets KRW bil                                         110,760 115,146 124,815 141,430 146,982   ...
Shareholders' Equity KRW bil                                         150,016 168,088 179,060 192,963 214,491   ...
Liabilities KRW bil                                         64,059 62,335 63,120 69,211 87,261   ...
Non-Current Liabilities KRW bil                                         12,744 10,321 12,617 14,507 20,086   ...
Current Liabilities KRW bil                                         51,315 52,014 50,503 54,704 67,175   ...
Net Debt/EBITDA                                         -0.814 -1.17 -1.24 -1.46 -0.849   ...
Net Debt/Equity %                                         -0.289 -0.301 -0.327 -0.378 -0.300   ...
Cost of Financing % ...                                       -6.46 -11.1 -8.16 -6.51 -5.62   ...
cash flow                                                      
Total Cash From Operations KRW bil ...                                       46,707 36,975 40,062 47,386 62,162   ...
Total Cash From Investing KRW bil ...                                       -44,747 -32,806 -27,168 -29,659 -49,385   ...
Total Cash From Financing KRW bil ...                                       -4,137 -3,057 -6,574 -8,670 -12,561   ...
Net Change In Cash KRW bil ...                                       -2,177 1,112 6,320 9,057 216   ...
valuation                                                      
Market Capitalisation USD mil                                         171,095 158,373 136,904 182,955 286,020    
Number Of Shares mil                                         6,545,550 6,546,650 6,459,600 6,218,750 6,056,600    
Share Price USD                                         27.4 26.4 24.8 35.6 50.4    
Earnings Per Share (EPS) KRW                                         4.56 3.53 2.89 3.60 6.83    
Book Value Per Share KRW                                         22.9 25.7 27.7 31.0 35.4   ...
Dividend Per Share KRW                                         0.286 0.398 0.414 0.563 0.845   ...
Price/Earnings (P/E)                                         6.02 7.49 8.59 9.86 7.38    
Price/Book Value (P/BV)                                         1.20 1.03 0.896 1.15 1.42   ...
Dividend Yield %                                         1.04 1.51 1.67 1.58 1.68   ...
Earnings Per Share Growth % ...                                       28.5 -22.6 -17.9 24.5 89.4    
Book Value Per Share Growth % ...                                       23.4 12.0 7.96 11.9 14.1   ...
income statement Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                      
Sales KRW bil                                         228,693 206,206 200,653 201,867 239,575    
Cost of Goods & Services KRW bil                                         137,696 128,279 123,482 120,278 129,291    
Gross Profit KRW bil                                         90,996 77,927 77,171 81,589 110,285    
Staff Cost KRW bil ... ... ... ... ... ... ...       ...       ... ...         21,365 22,465 23,476 23,961 27,169   ...
Other Cost KRW bil ... ... ... ... ... ... ...       ...       ... ...         16,401 12,384 6,352 7,674 7,353   ...
EBITDA KRW bil                                         53,230 43,079 47,344 49,954 75,762   ...
Depreciation KRW bil                                         15,470 16,910 19,663 19,313 20,594   ...
EBIT KRW bil                                         36,785 25,025 26,413 29,241 53,645    
Financing Cost KRW bil                                         -842 -1,240 -985 -916 -959   ...
Extraordinary Cost KRW bil                                         -737 -1,610 1,437 -556 -1,592   ...
Pre-Tax Profit KRW bil                                         38,364 27,875 25,961 30,714 56,196   ...
Tax KRW bil                                         7,890 4,481 6,901 7,988 14,009   ...
Minorities KRW bil                                         654 312 366 310 842   ...
Net Profit KRW bil                                         29,821 23,083 18,695 22,416 41,345    
Dividends KRW bil                                         1,872 2,604 2,677 3,498 5,116   ...
growth rates                                                      
Total Revenue Growth % ...                                       13.7 -9.83 -2.69 0.605 18.7    
Operating Cost Growth % ... ... ... ... ... ... ... ...     ... ...     ... ... ...       26.8 -7.72 -14.4 6.06 9.13   ...
EBITDA Growth % ...                                       19.2 -19.1 9.90 5.51 51.7   ...
EBIT Growth % ...                                       26.6 -32.0 5.55 10.7 83.5    
Pre-Tax Profit Growth % ...                                       28.2 -27.3 -6.87 18.3 83.0   ...
Net Profit Growth % ...                                       28.6 -22.6 -19.0 19.9 84.4    
ratios                                                      
ROE %                                         22.0 14.5 10.8 12.1 20.3    
ROCE % ...                                       22.5 16.0 12.3 14.4 23.3   ...
Gross Margin %                                         39.8 37.8 38.5 40.4 46.0    
EBITDA Margin %                                         23.3 20.9 23.6 24.7 31.6   ...
EBIT Margin %                                         16.1 12.1 13.2 14.5 22.4    
Net Margin %                                         13.0 11.2 9.32 11.1 17.3    
Payout Ratio %                                         6.28 11.3 14.3 15.6 12.4   ...
Cost of Financing % ...                                       -6.46 -11.1 -8.16 -6.51 -5.62   ...
Net Debt/EBITDA                                         -0.814 -1.17 -1.24 -1.46 -0.849   ...
balance sheet Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                      
Non-Current Assets KRW bil                                         103,315 115,277 117,365 120,745 154,770   ...
Property, Plant & Equipment KRW bil                                         75,496 80,873 86,477 91,473 111,666   ...
Intangible Assets KRW bil ... ... ... ...                                 3,981 4,785 5,396 5,344 14,761   ...
Goodwill KRW bil ... ... ... ... ...                               561 740 911 1,344 5,703   ...
Current Assets KRW bil                                         110,760 115,146 124,815 141,430 146,982   ...
Inventories KRW bil                                         19,135 17,318 18,812 18,354 24,983   ...
Receivables KRW bil                                         24,989 24,695 25,168 24,279 27,696   ...
Cash & Cash Equivalents KRW bil                                         54,472 61,803 71,479 88,161 83,154   ...
Total Assets KRW bil                                         214,075 230,423 242,180 262,174 301,752   ...
Shareholders' Equity KRW bil                                         150,016 168,088 179,060 192,963 214,491   ...
Of Which Minority Interest KRW bil                                         5,573 5,906 6,183 6,539 7,278   ...
Liabilities KRW bil                                         64,059 62,335 63,120 69,211 87,261   ...
Non-Current Liabilities KRW bil                                         12,744 10,321 12,617 14,507 20,086   ...
Long-Term Debt KRW bil                                         2,296 1,458 1,497 1,303 2,768   ...
Deferred Tax Liabilities KRW bil ... ... ... ... ... ... ...                           6,012 4,098 5,155 7,294 11,711   ...
Current Liabilities KRW bil                                         51,315 52,014 50,503 54,704 67,175   ...
Short-Term Debt KRW bil                                         8,864 9,808 11,377 13,980 16,046   ...
Trade Payables KRW bil                                         8,437 7,915 6,187 6,485 9,084   ...
Equity And Liabilities KRW bil                                         214,075 230,423 242,180 262,174 301,752   ...
growth rates                                                      
Total Asset Growth % ...                                       18.2 7.64 5.10 8.26 15.1   ...
Shareholders' Equity Growth % ...                                       23.5 12.0 6.53 7.76 11.2   ...
Net Debt Growth % ...                                       92.4 16.7 16.0 24.4 -11.7   ...
Total Debt Growth % ...                                       -25.1 0.941 14.3 18.7 23.1   ...
ratios                                                      
Total Debt KRW bil                                         11,161 11,266 12,874 15,282 18,814   ...
Net Debt KRW bil                                         -43,312 -50,538 -58,605 -72,878 -64,340   ...
Working Capital KRW bil                                         35,686 34,097 37,793 36,148 43,595   ...
Capital Employed KRW bil                                         139,001 149,374 155,157 156,892 198,365   ...
Net Debt/Equity %                                         -0.289 -0.301 -0.327 -0.378 -0.300   ...
Cost of Financing % ...                                       -6.46 -11.1 -8.16 -6.51 -5.62   ...
cash flow Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                                      
Net Profit KRW bil                                         29,821 23,083 18,695 22,416 41,345    
Depreciation KRW bil                                         15,470 16,910 19,663 19,313 20,594   ...
Non-Cash Items KRW bil ...                                       4,983 -4,606 5,400 4,013 7,672   ...
Change in Working Capital KRW bil ...                                       -3,567 1,589 -3,695 1,645 -7,448   ...
Total Cash From Operations KRW bil ...                                       46,707 36,975 40,062 47,386 62,162   ...
Capital Expenditures KRW bil ...                                       -23,710 -22,950 -27,024 -24,913 -43,467   ...
Other Investments KRW bil ...                                       -21,037 -9,857 -144 -4,746 -5,918   ...
Total Cash From Investing KRW bil ...                                       -44,747 -32,806 -27,168 -29,659 -49,385   ...
Dividends Paid KRW bil ...                                       -1,250 -2,234 -3,130 -3,115 -6,804    
Issuance Of Shares KRW bil ...                                       34.4 -1,098 -5,012 -7,708 -8,350   ...
Issuance Of Debt KRW bil ...                                       -2,922 275 1,568 2,153 2,594   ...
Total Cash From Financing KRW bil ...                                       -4,137 -3,057 -6,574 -8,670 -12,561   ...
Net Change In Cash KRW bil ...                                       -2,177 1,112 6,320 9,057 216   ...
ratios                                                      
Days Sales Outstanding days                                         39.9 43.7 45.8 43.9 42.2   ...
Days Sales Of Inventory days                                         50.7 49.3 55.6 55.7 70.5   ...
Days Payable Outstanding days                                         22.4 22.5 18.3 19.7 25.6   ...
Cash Conversion Cycle days                                         68.2 70.5 83.1 79.9 87.1   ...
Cash Earnings KRW bil                                         45,291 39,993 38,357 41,728 61,938   ...
Cash Earnings Per Share KRW                                         6.92 6.11 5.94 6.71 10.2   ...
Price/Cash Earnings (P/CE)                                         3.97 4.32 4.18 5.30 4.92   ...
Free Cash Flow KRW bil ...                                       1,960 4,169 12,894 17,727 12,777   ...
Free Cash Flow Yield % ...                                       1.05 2.46 8.32 8.14 3.93   ...
other data Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                      
ROA %                                         15.1 10.4 7.91 8.89 14.7    
Gross Margin %                                         39.8 37.8 38.5 40.4 46.0    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...       ...       ... ...         11.1 12.4 13.5 13.9 14.6   ...
Effective Tax Rate %                                         20.6 16.1 26.6 26.0 24.9   ...
Enterprise Value (EV) USD mil                                         129,838 112,049 86,921 122,650 225,677   ...
EV/EBITDA                                         2.67 2.78 2.08 2.92 3.39   ...
EV/Capital Employed                                         0.981 0.818 0.657 0.945 1.21   ...
EV/Sales                                         0.622 0.582 0.490 0.723 1.07   ...
EV/EBIT                                         3.87 4.79 3.72 4.99 4.78   ...
Capital Expenditures (As % of Sales) % ...                                       10.4 11.1 13.5 12.3 18.1   ...

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Samsung's Cash & Cash Equivalents remain unchanged yoy at KRW bil in 3Q2019

By Helgi Library - October 12, 2020

Samsung Electronics's total assets reached KRW 353,386 bil at the end of 3Q2019, up 4.8% compared to the previous year. Current assets amounted to KRW 186,042 bil, or 52.6% of total assets while cash stood at KRW 101,946 bil at the end of 3...

Samsung's Cash & Cash Equivalents rose 21.3% yoy to KRW 100,877 bil in 2018

By Helgi Library - April 2, 2020

Samsung Electronics's total assets reached KRW 339,357 bil at the end of 2018, up 12.5% compared to the previous year. Current assets amounted to KRW 174,697 bil, or 51.5% of total assets while cash stood at KRW 100,877 bil at the end of 20...

Samsung's Cash & Cash Equivalents rose 21.3% yoy to KRW 100,877 bil in 2018

By Helgi Library - April 2, 2020

Samsung Electronics's total assets reached KRW 339,357 bil at the end of 2018, up 12.5% compared to the previous year. Current assets amounted to KRW 174,697 bil, or 51.5% of total assets while cash stood at KRW 100,877 bil at the end of 20...

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Finance

Samsung Electronics has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of in 2019, or of sales. That’s compared to 28.7% average margin seen in last five years.

The company netted KRW 21,505 bil in 2019 implying ROE of 8.68% and ROCE of . Again, the average figures were 14.2% and 17.7%, respectively when looking at the previous 5 years.

Samsung Electronics’s net debt amounted to at the end of 2019, or of equity. When compared to EBITDA, net debt was x, up when compared to average of -1.14x seen in the last 5 years.

Valuation

Samsung Electronics stock traded at USD 52.0 per share at the end of 2019 resulting in a market capitalization of USD 316,762 mil. Over the previous five years, stock price grew by 97.09999999999999% or 14.5% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of x and price to earnings (PE) of 16.4x as of 2019.

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