Samsung Electronics Full Year 2024 Earnings: In Line With Expectations

Samsung Electronics (KRX:005930) Full Year 2024 Results

Key Financial Results

• Revenue: ₩301t (up 16% from FY 2023).
• Net income: ₩34t (up 132% from FY 2023).
• Profit margin: 11% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₩4,950 (up from ₩2,131 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Samsung Electronics Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Device Experience (DX) segment contributing a total revenue of ₩175t (58% of total revenue). Notably, cost of sales worth ₩187t amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to ₩35t (43% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of ₩895.4b. Explore how A005930's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Tech industry in Asia.

Performance of the market in South Korea.

The company's shares are up 4.7% from a week ago.

Valuation

Our analysis of these results suggests Samsung Electronics may be undervalued based on 6 important criteria we look at. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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