Financials Samsung Electronics Co., Ltd.

Equities

A005930

KR7005930003

Phones & Handheld Devices

End-of-day quote Korea S.E. Other stock markets 12/09/2024			5-day change	1st Jan Change
66,300.00 ^KRW	+2.16%		-5.29%	-15.54%

01:19pm	ECB to cut rates without lowering its guard
09:31am	Indian state minister to meet Samsung officials in bid to resolve strike	RE

Projected Income Statement: Samsung Electronics Co., Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	230,400	236,810	279,605	302,230	258,936	313,035	350,999	374,999
Change	-	2.78%	18.07%	8.09%	-14.33%	20.89%	12.13%	6.84%
EBITDA ¹	54,340	63,110	82,920	79,330	42,100	84,164	107,770	112,714
Change	-	16.14%	31.39%	-4.33%	-46.93%	99.91%	28.05%	4.59%
EBIT ¹	27,770	35,990	51,634	43,380	6,540	43,915	64,485	66,872
Change	-	29.6%	43.47%	-15.99%	-84.92%	571.48%	46.84%	3.7%
Interest Paid ²	-686,356	-583,013	-431,540	-763,015	-930,253	-845,000	-835,667	-550,000
Earnings before Tax (EBT) ¹	30,430	36,350	53,352	46,440	11,006	47,859	68,341	71,083
Change	-	19.45%	46.77%	-12.96%	-76.3%	334.83%	42.8%	4.01%
Net income ¹	21,510	26,090	39,244	54,730	14,473	37,696	50,718	53,232
Change	-	21.29%	50.42%	39.46%	-73.55%	160.45%	34.55%	4.96%
Announcement Date	30/01/20	28/01/21	26/01/22	30/01/23	30/01/24	-	-	-

¹KRW in Billions²KRW in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	62,004	59,880	55,330	52,970	66,960	61,550	65,390	63,670	73,000	76,566	77,782	77,000	76,780	70,460	63,750	60,000	67,000	67,780	71,916	74,000	82,984	83,126	82,500	82,239	91,729	92,008	98,540	94,897
Change	-	-3.42%	-7.6%	-4.27%	26.41%	-8.08%	6.24%	-2.63%	14.65%	4.88%	1.59%	-1%	-0.29%	-8.23%	-9.52%	-5.88%	11.67%	1.16%	6.1%	2.9%	12.14%	0.17%	-0.75%	-0.32%	11.54%	0.3%	7.1%	-3.7%
EBITDA ¹	14,330	13,710	13,040	14,760	19,190	16,130	16,530	19,780	23,880	22,730	23,130	23,170	19,880	13,150	9,440	9,440	11,300	11,880	15,840	19,820	22,711	23,781	24,061	25,228	33,082	34,163	31,742	29,866
Change	-	-4.33%	-4.89%	13.19%	30.01%	-15.95%	2.48%	19.66%	20.73%	-4.82%	1.76%	0.17%	-14.2%	-33.85%	-28.21%	0%	19.7%	5.13%	33.33%	25.13%	14.59%	4.71%	1.18%	4.85%	31.13%	3.27%	-7.09%	-5.91%
EBIT ¹	7,778	7,160	6,450	8,150	12,350	9,050	9,380	12,570	15,800	13,867	14,121	14,000	10,850	4,310	640	600	2,400	2,800	6,600	10,400	12,599	13,873	13,649	14,936	18,660	18,165	20,722	18,846
Change	-	-7.94%	-9.92%	26.36%	51.53%	-26.72%	3.65%	34.01%	25.7%	-12.24%	1.84%	-0.86%	-22.5%	-60.28%	-85.15%	-6.25%	300%	16.67%	135.71%	57.58%	21.14%	10.12%	-1.62%	9.43%	24.93%	-2.65%	14.07%	-9.05%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	8,621	7,720	6,760	7,770	12,840	8,970	9,750	12,880	16,356	14,363	15,070	14,460	11,860	5,050	1,826	1,713	3,943	3,524	7,707	11,600	13,520	15,195	16,434	17,549	22,319	21,949	22,304	20,193
Change	-	-10.45%	-12.44%	14.94%	65.25%	-30.14%	8.7%	32.1%	26.99%	-12.18%	4.92%	-4.05%	-17.98%	-57.42%	-63.83%	-6.21%	130.16%	-10.61%	118.67%	50.52%	16.55%	12.39%	8.16%	6.78%	27.18%	-1.66%	1.62%	-9.46%
Net income ¹	6,105	5,230	4,890	5,490	9,270	6,450	7,090	9,450	12,057	10,643	11,129	10,950	9,140	23,500	1,401	1,547	5,501	6,024	6,621	9,640	9,865	10,875	11,074	11,541	15,387	15,056	-	-
Change	-	-14.33%	-6.5%	12.27%	68.85%	-30.42%	9.92%	33.29%	27.59%	-11.73%	4.57%	-1.61%	-16.53%	157.11%	-94.04%	10.4%	255.61%	9.5%	9.91%	45.6%	2.34%	10.23%	1.83%	4.22%	33.32%	-2.15%	-100%	-
Announcement Date	30/10/19	30/01/20	28/04/20	29/07/20	29/10/20	28/01/21	28/04/21	28/07/21	07/10/21	26/01/22	27/04/22	06/07/22	27/10/22	30/01/23	26/04/23	06/07/23	10/10/23	30/01/24	29/04/24	04/07/24	-	-	-	-	-	-	-	-

¹KRW in Billions

Estimates

Fiscal Period: December	2023 S1	2024 S2
Net sales ¹	123,751	173,600
Change	-	40.28%
EBITDA	-	-
Change	-	-
EBIT	-	-
Change	-	-
Charge d'intérêts	-	-
Earnings before Tax (EBT)	-	-
Change	-	-
Net income	-	-
Change	-	-
Announcement Date	06/07/23	-

¹KRW in Billions

Estimates

Forecast Balance Sheet: Samsung Electronics Co., Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-93,741	-104,510	-105,810	-104,890	-79,690	-95,100	-116,313	-144,565
Change	-	-211.49%	-201.24%	-199.13%	-175.97%	-219.34%	-222.31%	-224.29%
Announcement Date	30/01/20	28/01/21	26/01/22	30/01/23	30/01/24	-	-	-

¹KRW in Billions

Estimates

Cash Flow Forecast: Samsung Electronics Co., Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	25,370	37,590	47,120	49,430	57,610	53,428	55,395	57,425
Change	-	48.17%	25.35%	4.9%	16.55%	-7.26%	3.68%	3.66%
Free Cash Flow (FCF) ¹	20,010,000	27,700,000	17,990,000	12,800,000	-13,480,000	22,286,927	34,727,136	45,217,083
Change	-	38.43%	-35.05%	-28.85%	-205.31%	-265.33%	55.82%	30.21%
Announcement Date	30/01/20	28/01/21	26/01/22	30/01/23	30/01/24	-	-	-

¹KRW in Million

Estimates

Forecast Financial Ratios: Samsung Electronics Co., Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	23.59%	26.65%	29.66%	26.25%	16.26%	26.89%	30.7%	30.06%
EBIT Margin (%)	12.05%	15.2%	18.47%	14.35%	2.53%	14.03%	18.37%	17.83%
EBT Margin (%)	13.21%	15.35%	19.08%	15.37%	4.25%	15.29%	19.47%	18.96%
Net margin (%)	9.34%	11.02%	14.04%	18.11%	5.59%	12.04%	14.45%	14.2%
FCF margin (%)	8,684.9%	11,697.14%	6,434.08%	4,235.19%	-5,205.93%	7,119.63%	9,893.81%	12,057.91%
FCF / Net Income (%)	93,026.5%	106,170.95%	45,841.64%	23,387.54%	-93,136.37%	59,122.63%	68,470.55%	84,943.13%
Profitability
ROA	6.22%	7.14%	9.75%	12.51%	3.2%	7.89%	9.84%	9.66%
ROE	8.69%	10%	14%	17%	4%	9.98%	12.88%	12.32%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	11.01%	15.87%	16.85%	16.36%	22.25%	17.07%	15.78%	15.31%
CAPEX / EBITDA (%)	46.69%	59.56%	56.83%	62.31%	136.84%	63.48%	51.4%	50.95%
CAPEX / FCF (%)	0.13%	0.14%	0.26%	0.39%	-0.43%	0.24%	0.16%	0.13%
Items per share
Cash flow per share ¹	6,680	9,612	9,586	10,416	6,499	11,960	14,027	14,469
Change	-	43.9%	-0.27%	8.66%	-37.61%	84.03%	17.28%	3.15%
Dividend per Share ¹	1,416	1,416	1,444	1,444	1,444	1,465	1,444	1,452
Change	-	0%	1.98%	0%	0%	1.44%	-1.45%	0.56%
Book Value Per Share ¹	42,701	39,406	49,629	57,822	59,170	56,958	63,596	69,764
Change	-	-7.72%	25.94%	16.51%	2.33%	-3.74%	11.66%	9.7%
EPS ¹	3,166	3,841	5,777	8,057	2,131	5,767	7,863	8,701
Change	-	21.32%	50.4%	39.47%	-73.55%	170.65%	36.34%	10.66%
Nbr of stocks (in thousands)	6,792,669	6,792,669	6,792,669	6,792,669	6,792,669	6,792,669	6,792,669	6,792,669
Announcement Date	30/01/20	28/01/21	26/01/22	30/01/23	30/01/24	-	-	-