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Samsung Electronics

WBAG:SSUN
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSUN
WBAG
₩260,337B
Market Cap
  1. Home
  2. AT
  3. Tech
Company description

Samsung Electronics Co., Ltd., together with its subsidiaries, engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. The last earnings update was 33 days ago. More info.


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SSUN Share Price and Events
7 Day Returns
-1.7%
WBAG:SSUN
-0.7%
Europe Tech
-0.4%
AT Market
1 Year Returns
-
WBAG:SSUN
-12.3%
Europe Tech
-8.3%
AT Market
SSUN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Samsung Electronics (SSUN) -1.7% -11.4% -10% - - -
Europe Tech -0.7% -3.7% -21.7% -12.3% 39.1% 23%
AT Market -0.4% -6.1% -11.2% -8.3% 28.9% 18%
1 Year Return vs Industry and Market
  • No trading data on SSUN.
  • No trading data on SSUN.
Price Volatility
SSUN
Industry
5yr Volatility vs Market

Value

 Is Samsung Electronics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Samsung Electronics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Samsung Electronics.

WBAG:SSUN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 37 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:SSUN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 9.1%
Tech Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.785 (1 + (1- 30%) (8.33%))
0.831
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.88% + (0.831 * 9.13%)
8.46%

Discounted Cash Flow Calculation for WBAG:SSUN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Samsung Electronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:SSUN DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (KRW, Millions) 37,435,598.78 39,053,910.00 39,836,616.90 40,635,010.59 41,449,405.44
Source Analyst x23 Analyst x20 Est @ 2% Est @ 2% Est @ 2%
Present Value
Discounted (@ 8.46%)
34,516,586.86 33,200,960.02 31,225,660.25 29,367,881.45 27,620,631.69
Present value of next 5 years cash flows ₩155,931,720.26
WBAG:SSUN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₩41,449,405.44 × (1 + 0.88%) ÷ (8.46% – 0.88%)
₩551,476,914.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₩551,476,914.80 ÷ (1 + 8.46%)5
₩367,487,557.09
WBAG:SSUN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₩155,931,720.26 + ₩367,487,557.09
₩523,419,277.34
Equity Value per Share
(KRW)
= Total value / Shares Outstanding
= ₩523,419,277.34 / 6,792.67
₩1237.14
WBAG:SSUN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:SSUN represents 0.01605x of KOSE:A005930
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01605x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (KRW) x Listing Adjustment Factor
= ₩ 77,056.49 x 0.01605
€1,237.14
Value per share (EUR) From above. €1,237.14
Current discount Discount to share price of €628.55
= -1 x (€628.55 - €1,237.14) / €1,237.14
49.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Samsung Electronics is available for.
Intrinsic value
49%
Share price is €628.55 vs Future cash flow value of €1237.14
Current Discount Checks
For Samsung Electronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Samsung Electronics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Samsung Electronics's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Samsung Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Samsung Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:SSUN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in KRW ₩6,989.89
KOSE:A005930 Share Price ** KOSE (2018-12-17) in KRW ₩39150
Europe Tech Industry PE Ratio Median Figure of 24 Publicly-Listed Tech Companies 14.02x
Austria Market PE Ratio Median Figure of 50 Publicly-Listed Companies 13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Samsung Electronics.

WBAG:SSUN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A005930 Share Price ÷ EPS (both in KRW)

= 39150 ÷ 6,989.89

5.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Samsung Electronics is good value based on earnings compared to the Europe Tech industry average.
  • Samsung Electronics is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Samsung Electronics's expected growth come at a high price?
Raw Data
WBAG:SSUN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 37 Analysts
-3.1%per year
Europe Tech Industry PEG Ratio Median Figure of 13 Publicly-Listed Tech Companies 0.99x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

WBAG:SSUN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.6x ÷ -3.1%

-1.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Samsung Electronics earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Samsung Electronics's assets?
Raw Data
WBAG:SSUN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in KRW ₩39,257.19
KOSE:A005930 Share Price * KOSE (2018-12-17) in KRW ₩39150
Europe Tech Industry PB Ratio Median Figure of 31 Publicly-Listed Tech Companies 1.23x
Austria Market PB Ratio Median Figure of 57 Publicly-Listed Companies 1.14x
WBAG:SSUN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A005930 Share Price ÷ Book Value per Share (both in KRW)

= 39150 ÷ 39,257.19

1x

* Primary Listing of Samsung Electronics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Samsung Electronics is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Samsung Electronics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Samsung Electronics has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Samsung Electronics expected to perform in the next 1 to 3 years based on estimates from 37 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Samsung Electronics expected to grow at an attractive rate?
  • Samsung Electronics's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.9%.
Growth vs Market Checks
  • Samsung Electronics's earnings are expected to decrease over the next 1-3 years, this is below the Austria market average.
  • Samsung Electronics's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:SSUN Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:SSUN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 37 Analysts -3.1%
WBAG:SSUN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 37 Analysts 2.6%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 9%
Austria Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:SSUN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 37 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:SSUN Future Estimates Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 287,180,500 2
2021-12-31 272,666,000 2
2020-12-31 259,482,068 73,534,400 43,580,777 32
2019-12-31 248,570,288 69,406,245 41,061,865 37
2018-12-31 248,675,890 68,879,140 46,356,189 34
WBAG:SSUN Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2018-09-30 250,484,777 66,295,329 43,269,177
2018-06-30 247,073,685 68,192,734 42,912,438
2018-03-31 249,591,564 67,181,122 44,061,174
2017-12-31 239,575,376 62,162,041 41,344,569
2017-09-30 226,928,704 51,456,407 36,245,426
2017-06-30 212,695,436 48,345,942 29,614,445
2017-03-31 202,632,019 49,264,625 24,640,681
2016-12-31 201,866,745 47,385,644 22,415,655
2016-09-30 201,850,458 48,756,083 18,740,941
2016-06-30 205,717,397 46,293,301 19,638,255
2016-03-31 203,317,816 43,658,059 19,438,811
2015-12-31 200,653,482 40,061,761 18,694,628

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Samsung Electronics's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Samsung Electronics's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:SSUN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 37 Analyst Estimates (S&P Global) See Below

All data from Samsung Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:SSUN Future Estimates Data
Date (Data in KRW Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 6,830.00 6,830.00 6,830.00 1.00
2021-12-31 6,631.00 6,631.00 6,631.00 1.00
2020-12-31 6,736.80 8,346.00 5,700.00 25.00
2019-12-31 6,263.64 7,552.00 4,958.00 27.00
2018-12-31 6,968.64 7,991.00 6,282.00 28.00
WBAG:SSUN Past Financials Data
Date (Data in KRW Millions) EPS *
2018-09-30 6,989.89
2018-06-30 6,689.12
2018-03-31 6,624.87
2017-12-31 5,990.88
2017-09-30 5,217.44
2017-06-30 4,236.66
2017-03-31 3,500.53
2016-12-31 3,155.65
2016-09-30 2,605.04
2016-06-30 2,691.98
2016-03-31 2,634.18
2015-12-31 2,514.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Samsung Electronics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Samsung Electronics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Samsung Electronics has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Samsung Electronics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Samsung Electronics's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Samsung Electronics's year on year earnings growth rate has been positive over the past 5 years.
  • Samsung Electronics's 1-year earnings growth exceeds its 5-year average (19.4% vs 10.7%)
  • Samsung Electronics's earnings growth has not exceeded the Europe Tech industry average in the past year (19.4% vs 27.4%).
Earnings and Revenue History
Samsung Electronics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Samsung Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:SSUN Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 250,484,777.00 43,269,177.00 34,150,567.00 17,547,033.00
2018-06-30 247,073,685.00 42,912,438.00 36,329,686.00 17,208,865.00
2018-03-31 249,591,564.00 44,061,174.00 38,937,455.00 16,810,302.00
2017-12-31 239,575,376.00 41,344,569.00 38,947,445.00 16,355,612.00
2017-09-30 226,928,704.00 36,245,426.00 38,076,271.00 15,461,933.00
2017-06-30 212,695,436.00 29,614,445.00 37,547,061.00 14,786,520.00
2017-03-31 202,632,019.00 24,640,681.00 36,765,950.00 14,314,816.00
2016-12-31 201,866,745.00 22,415,655.00 37,235,161.00 14,111,381.00
2016-09-30 201,850,458.00 18,740,941.00 37,305,048.00 14,034,616.00
2016-06-30 205,717,397.00 19,638,255.00 36,878,789.00 13,944,125.00
2016-03-31 203,317,816.00 19,438,811.00 36,553,869.00 13,780,971.00
2015-12-31 200,653,482.00 18,694,628.00 36,081,636.00 13,705,695.00
2015-09-30 200,068,151.00 20,738,052.00 36,248,514.00 13,895,020.00
2015-06-30 195,832,889.00 19,567,370.00 36,288,007.00 13,818,778.00
2015-03-31 199,648,579.00 20,117,142.00 36,704,844.00 14,185,903.00
2014-12-31 206,205,987.00 23,082,499.00 37,446,184.00 14,385,506.00
2014-09-30 212,752,490.00 25,016,352.00 38,252,983.00 14,526,744.00
2014-06-30 224,388,679.00 28,930,467.00 38,678,742.00 14,846,653.00
2014-03-31 229,499,898.00 30,328,977.00 38,963,824.00 14,685,160.00
2013-12-31 228,692,667.00 29,821,215.00 38,934,012.00 14,319,402.00
2013-09-30 225,474,889.00 29,452,038.00 37,967,436.00 13,481,733.00
2013-06-30 218,568,660.00 27,827,373.00 37,405,863.00 12,797,757.00
2013-03-31 208,701,191.00 25,301,399.00 35,693,383.00 12,129,500.00
2012-12-31 201,103,613.00 23,185,375.00 33,073,560.00 11,532,795.00
2012-09-30 192,348,701.00 20,245,695.00 31,187,416.00 11,294,695.00
2012-06-30 181,445,396.00 17,120,980.00 29,057,396.00 10,748,269.00
2012-03-31 173,287,271.00 15,528,894.00 27,331,299.00 10,339,470.00
2011-12-31 165,001,771.00 13,382,645.00 26,588,576.00 9,955,164.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Samsung Electronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Samsung Electronics used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Samsung Electronics has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Samsung Electronics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Samsung Electronics has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Samsung Electronics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Samsung Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Samsung Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Samsung Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Samsung Electronics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Samsung Electronics Company Filings, last reported 2 months ago.

WBAG:SSUN Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 242,103,160.00 21,685,406.00 95,215,625.00
2018-06-30 233,124,845.00 16,106,955.00 83,975,993.00
2018-03-31 223,259,880.00 12,861,216.00 82,064,612.00
2017-12-31 214,491,428.00 18,814,045.00 83,153,824.00
2017-09-30 210,691,251.00 18,562,056.00 76,033,144.00
2017-06-30 200,705,748.00 16,711,804.00 70,502,087.00
2017-03-31 189,817,955.00 13,249,304.00 73,402,287.00
2016-12-31 192,963,033.00 15,282,386.00 88,160,772.00
2016-09-30 179,536,379.00 12,957,298.00 82,121,971.00
2016-06-30 181,842,516.00 12,244,747.00 77,071,323.00
2016-03-31 178,326,186.00 11,265,635.00 72,612,477.00
2015-12-31 179,059,805.00 12,873,963.00 71,479,042.00
2015-09-30 180,728,636.00 12,886,895.00 69,724,761.00
2015-06-30 173,936,646.00 11,313,680.00 61,833,843.00
2015-03-31 167,619,307.00 9,847,251.00 56,128,625.00
2014-12-31 168,088,188.00 11,265,519.00 61,803,421.00
2014-09-30 163,467,695.00 13,938,489.00 66,951,159.00
2014-06-30 159,513,464.00 13,972,245.00 60,662,990.00
2014-03-31 155,561,724.00 12,479,380.00 61,478,354.00
2013-12-31 150,016,010.00 11,160,533.00 54,456,710.00
2013-09-30 144,438,803.00 11,755,856.00 52,683,640.00
2013-06-30 138,379,538.00 13,825,048.00 46,985,444.00
2013-03-31 128,805,644.00 12,356,383.00 43,558,829.00
2012-12-31 121,480,206.00 14,895,164.00 37,316,582.00
2012-09-30 116,538,834.00 15,344,818.00 30,336,585.00
2012-06-30 110,264,109.00 14,471,671.00 23,804,210.00
2012-03-31 105,506,693.00 13,868,756.00 25,390,192.00
2011-12-31 101,313,630.00 14,646,610.00 26,837,865.00
  • Samsung Electronics's level of debt (9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.1% vs 9% today).
  • Debt is well covered by operating cash flow (305.7%, greater than 20% of total debt).
  • Samsung Electronics earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Samsung Electronics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Samsung Electronics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Samsung Electronics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.17%
Current annual income from Samsung Electronics dividends. Estimated to be 3.96% next year.
If you bought €2,000 of Samsung Electronics shares you are expected to receive €43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Samsung Electronics's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.38%).
  • Samsung Electronics's dividend is below the markets top 25% of dividend payers in Austria (5.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:SSUN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 37 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.3%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.2%
Austria Minimum Threshold Dividend Yield 10th Percentile 1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:SSUN Future Dividends Estimate Data
Date (Data in ₩) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 1,715.49 29.00
2019-12-31 1,528.29 32.00
2018-12-31 1,420.79 31.00
WBAG:SSUN Past Annualized Dividends Data
Date (Data in ₩) Dividend per share (annual) Avg. Yield (%)
2018-02-28 850.000 1.830
2018-01-31 850.000 1.795
2017-10-31 560.000 1.077
2017-07-27 560.000 1.126
2017-04-27 560.000 1.191
2017-01-24 570.000 1.412
2016-07-28 420.000 1.265
2016-01-28 420.000 1.611
2015-07-30 410.000 1.700
2015-03-13 400.000 1.490
2014-07-31 286.000 1.131
2014-01-24 286.000 1.065
2013-07-26 160.000 0.581
2013-01-25 160.000 0.555
2012-04-02 110.000 0.420
2012-01-27 110.000 0.468
2011-03-02 200.000 1.124
2011-01-28 200.000 1.053
2010-01-29 160.000 0.988
2009-03-02 110.000 0.824
2008-12-18 160.000 1.653

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Samsung Electronics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess Samsung Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Samsung Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Samsung Electronics has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Samsung Electronics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ki-Nam Kim
AGE 60
TENURE AS CEO 1.1 years
CEO Bio

Mr. Ki-Nam Kim is Vice Chairman of Samsung Electronics Co., Ltd. since December 2018. Mr. Kim is an Executive Director at Samsung Electronics Co., Ltd. since March 23, 2018 and its its President and CEO since 2018. He is the Head of DS Division of Samsung Electronics Co. Ltd. since 2017. He served as President of DS Division at Samsung Electronics Co. Ltd. since 2017 until 2018. He was Chief Executive Officer of DS Division of Samsung Electronics Co. Ltd. since 2017 until 2018. Mr. Kim served as the President of the Semiconductor Business at Samsung Electronics Co. Ltd. from 2014 to November 1, 2017 and was its Head of RD, Mobile Communications Business. Mr. Kim also served as Chief Executive Officer of Samsung Display and President of Samsung Display at Samsung Electronics Co. Ltd. from 2012 to 2013 and President & Head, Samsung Advanced Institute of Technology from 2010 to 2012. He was President & Head, Memory Business at Samsung Electronics Co. Ltd. from 2013 to 2014. He holds a Ph.D. in Electrical Engineering from University of California, Los Angeles in 1994, M.S. in Electrical Engineering from Korea Advanced Institute of Science and Technology in 1983 and B.S. in Electrical Engineering from Seoul National University in 1981.

CEO Compensation
  • Insufficient data for Ki-Nam to compare compensation growth.
  • Insufficient data for Ki-Nam to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Samsung Electronics management team in years:

1.1
Average Tenure
57
Average Age
  • The average tenure for the Samsung Electronics management team is less than 2 years, this suggests a new team.
Management Team

Sang-Hoon Lee

TITLE
Chairman of the Board
COMPENSATION
₩3B
AGE
63

Jae-Yong Lee

TITLE
Vice Chairman
COMPENSATION
₩1B
AGE
50

Ki-Nam Kim

TITLE
Vice Chairman
AGE
60
TENURE
1.1 yrs

Dong-Jin Koh

TITLE
President
AGE
57
TENURE
1.1 yrs

Hyun-Suk Kim

TITLE
Head of Research
AGE
57
TENURE
1.1 yrs

Hyun-Chong Kim

TITLE
President and Chief Legal Officer

Hee-Chan Roh

TITLE
CFO & President
TENURE
1.1 yrs

Robert Yi

TITLE
Senior Vice President of Investor Relations

Jung-Suk Kim

TITLE
Managing Director and Director of Corporate Communications

S. Kim

TITLE
Chief Marketing Officer
Board of Directors Tenure

Average tenure and age of the Samsung Electronics board of directors in years:

0.9
Average Tenure
59
Average Age
  • The average tenure for the Samsung Electronics board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sang-Hoon Lee

TITLE
Chairman of the Board
COMPENSATION
₩3B
AGE
63
TENURE
0.8 yrs

Jae-Yong Lee

TITLE
Vice Chairman
COMPENSATION
₩1B
AGE
50
TENURE
6 yrs

Ki-Nam Kim

TITLE
Vice Chairman
AGE
60
TENURE
0.9 yrs

Dong-Jin Koh

TITLE
President
AGE
57
TENURE
0.8 yrs

Hyun-Suk Kim

TITLE
Head of Research
AGE
57
TENURE
0.8 yrs

Jong-Kyun Shin

TITLE
Former Vice Chairman
COMPENSATION
₩4B
AGE
62
TENURE
1.1 yrs

Boo-Keun Yoon

TITLE
Former Vice Chairman
COMPENSATION
₩5B
AGE
65
TENURE
1.1 yrs

Soo-Bin Lee

TITLE
Chairman of Samsung Life Insurance

Ji-Sung Choi

TITLE
Vice Chairman of Samsung Group and Head of the Future Strategy Office - Samsung Group

Won Gee Chan

TITLE
Chief Executive Officer of Samsung Card
AGE
58
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Samsung Electronics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Samsung Electronics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Company Info

Map
Description

Samsung Electronics Co., Ltd., together with its subsidiaries, engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. It offers digital TVs, monitors, and printers; mobile phones, smartphones, tablets, wearables, other phones, accessories, communication systems, and computers; memory and system LSI products; LCD and OLED panels; audio equipment, such as home entertainment systems, soundbars, sound towers, digital components, Blu-Ray and DVD players, and multimedia speakers; and solid state drives (SSD), portable SSDs, and memory cards. The company is also involved in the technology business; venture capital investments; and manufacture of semiconductor equipment and components, as well as the provision of repair services for electronic devices. In addition, it engages in the manufacture and sale of electronic devices; server semiconductor storage systems, as well as home appliances, including refrigerators, cooking appliances, washing machines, air conditioners, and vacuum cleaners; and toll processing of semiconductors and display panels. Further, the company provides medical equipment, connected car systems, and heating and cooling products; general logistics agency, financing, marketing, consulting, AI technology research, and cloud services; enterprise automation solutions and connected services; and digital advertising platforms. Additionally, it offers image sensing devices and mobile payment services; designs and develops software products; and develops and supplies semiconductor process defect and quality control software. The company has a strategic agreement with Telecom Italia S.p.A. to provide 5G services. Samsung Electronics Co., Ltd. was founded in 1938 and is based in Suwon, South Korea.

Details
Name: Samsung Electronics Co., Ltd.
SSUN
Exchange: WBAG
Founded: 1938
₩203,048,453,867
6,792,669,250
Website: http://www.samsung.com
Address: Samsung Electronics Co., Ltd.
129 Samsung-Ro,
Maetan-3dong,
Suwon,
Gyeonggi-do, 443-742,
South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A005930 Common Stock Korea Stock Exchange KR KRW 02. Jan 1992
OTCPK SSNL.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
LSE SMSN GDR EACH REP 1/2 KRW5000(REG'S'/144A) London Stock Exchange GB USD 17. Sep 1996
LSE SMSD GDR EACH REP 25 ORD SHS PFD UNITARY London Stock Exchange GB USD 02. Jan 1992
BASE SMSN CEDEAR EACH 14 REP 1 GDR Buenos Aires Stock Exchange AR ARS 17. Dec 2018
KOSE A005935 Preferred Stock Korea Stock Exchange KR KRW 07. Jun 1993
DB SSUN GDR EACH REP 25 ORD SHS PFD UNITARY Deutsche Boerse AG DE EUR 02. Jan 1992
DB SSU GDR EACH REP 1/2 KRW5000(REG'S'/144A) Deutsche Boerse AG DE EUR 17. Sep 1996
BST SSUN GDR EACH REP 25 ORD SHS PFD UNITARY Boerse-Stuttgart DE EUR 02. Jan 1992
LSE BC94 GDR EACH REP 1/2 KRW5000(REG'S'/144A) London Stock Exchange GB USD 17. Sep 1996
WBAG SSUN GDR EACH REP 25 ORD SHS PFD UNITARY Wiener Boerse AG AT EUR 02. Jan 1992
WBAG SSU GDR EACH REP 1/2 KRW5000(REG'S'/144A) Wiener Boerse AG AT EUR 17. Sep 1996
BDL SMSEL GDR EACH REP 25 ORD SHS PFD UNITARY Bourse de Luxembourg LU USD 02. Jan 1992
BMV SMSN N GDR EACH REP 1/2 KRW5000(REG'S'/144A) Bolsa Mexicana de Valores MX MXN 17. Sep 1996
BATS-CHIXE SMSDL GDR EACH REP 25 ORD SHS PFD UNITARY BATS 'Chi-X Europe' GB USD 02. Jan 1992
BATS-CHIXE SMSNL GDR EACH REP 1/2 KRW5000(REG'S'/144A) BATS 'Chi-X Europe' GB USD 17. Sep 1996
Number of employees
Current staff
Staff numbers
102,351
Samsung Electronics employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 22:45
End of day share price update: 2018/12/17 00:00
Last estimates confirmation: 2018/12/17
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.