Company Valuation: Samsung SDS Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,105,304 9,514,073 13,149,532 9,885,354 13,265,557 15,439,097 - -
Change - -21.41% 38.21% -24.82% 34.19% 16.38% - -
Enterprise Value (EV) 1 7,976 5,354 8,526 4,845 7,702 9,134 8,379 7,941
Change - -32.88% 59.26% -43.18% 58.98% 18.59% -8.27% -5.23%
P/E 19.8x 8.65x 19x 13.1x 17.5x 21.2x 17.3x 15.9x
PBR 1.68x 1.16x 1.52x 1.06x 1.34x 1.47x 1.39x 1.3x
PEG - 0.1x -0.5x 1.43x 53.52x -5.14x 0.8x 1.82x
Capitalization / Revenue 0.89x 0.55x 0.99x 0.71x 0.95x 1.08x 1.02x 0.96x
EV / Revenue 0.59x 0.31x 0.64x 0.35x 0.55x 0.64x 0.55x 0.5x
EV / EBITDA 6.38x 3.75x 6x 3.19x 4.85x 6.12x 4.75x 4.05x
EV / EBIT 9.87x 5.84x 10.5x 5.32x 8.05x 10.6x 7.68x 6.6x
EV / FCF 11.5x 7.67x 8.44x 4.07x 8.67x 11.5x 8.92x 8.77x
FCF Yield 8.7% 13% 11.8% 24.6% 11.5% 8.73% 11.2% 11.4%
Dividend per Share 3 2,400 3,200 2,700 2,900 3,190 3,322 3,561 3,725
Rate of return 1.53% 2.6% 1.59% 2.27% 1.86% 1.66% 1.78% 1.87%
EPS 3 7,899 14,218 8,965 9,787 9,819 9,414 11,532 12,542
Distribution rate 30.4% 22.5% 30.1% 29.6% 32.5% 35.3% 30.9% 29.7%
Net sales 1 13,630 17,235 13,277 13,828 13,930 14,330 15,184 16,040
EBITDA 1 1,250 1,428 1,421 1,518 1,587 1,493 1,763 1,961
EBIT 1 808.1 916.1 808.2 911.1 957.1 863.9 1,092 1,204
Net income 1 611.2 1,130 693.4 757 759.5 730.1 887.7 959.2
Net Debt 1 -4,129 -4,161 -4,623 -5,040 -5,563 -6,305 -7,060 -7,498
Reference price 3 156,500.00 123,000.00 170,000.00 127,800.00 171,500.00 199,600.00 199,600.00 199,600.00
Nbr of stocks (in thousands) 77,350 77,350 77,350 77,350 77,350 77,350 - -
Announcement Date 27/01/22 26/01/23 25/01/24 23/01/25 22/01/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20x0.58x5.53x1.76% 10.28B
25.54x8.71x15.44x1.07% 24.29B
16.88x3.28x8.27x1.66% 16.04B
17.35x0.64x8.47x3.27% 6.79B
21.07x1.44x9.65x2.38% 4.28B
12.98x1.12x6.22x1.56% 4.07B
69.67x2.66x46.69x0.68% 2.04B
21.68x0.83x9.77x0.49% 1.69B
Average 25.65x 2.41x 13.76x 1.61% 8.69B
Weighted average by Cap. 22.11x 4.20x 11.52x 1.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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