Buy Or Sell Opportunity • Aug 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to ₩230,500. The fair value is estimated to be ₩187,092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Reported Earnings • Aug 01
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: ₩1,120 (down from ₩2,206 in 2Q 2025). Revenue: ₩365.1b (down 90% from 2Q 2025). Net income: ₩86.6b (down 49% from 2Q 2025). Profit margin: 24% (up from 4.9% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩217,500, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the IT industry in South Korea. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩186,898 per share. Tillkännagivande • Jul 07
Samsung SDS Co., Ltd. to Report Q2, 2026 Results on Jul 30, 2026 Samsung SDS Co., Ltd. announced that they will report Q2, 2026 results on Jul 30, 2026 Price Target Changed • Jun 11
Price target increased by 7.7% to ₩231,176 Up from ₩214,706, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of ₩226,000. Stock is up 63% over the past year. The company is forecast to post earnings per share of ₩9,331 for next year compared to ₩9,819 last year. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₩225,000, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩207,689 per share. Buy Or Sell Opportunity • Jun 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to ₩252,500. The fair value is estimated to be ₩207,494, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩200,000, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩216,440 per share. Buy Or Sell Opportunity • May 19
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ₩171,200. The fair value is estimated to be ₩214,053, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Reported Earnings • Apr 25
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: ₩1,194 (down from ₩2,734 in 1Q 2025). Revenue: ₩3.35t (down 3.9% from 1Q 2025). Net income: ₩92.0b (down 56% from 1Q 2025). Profit margin: 2.7% (down from 6.1% in 1Q 2025). Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₩14.7b to ₩14.5b. EPS estimate also fell from ₩10,658 per share to ₩9,376 per share. Net income forecast to shrink 5.4% next year vs 18% growth forecast for IT industry in South Korea . Consensus price target broadly unchanged at ₩213,200. Share price fell 7.1% to ₩169,500 over the past week. Tillkännagivande • Apr 16
Samsung SDS Co., Ltd. announced that it expects to receive KRW 1220 billion in funding from Startech Ai L.p Samsung SDS Co., Ltd. announced a private placement of Series 24 Bearer-type, unsecured private placement convertible bonds of the company to raise gross proceeds of KRW 1,220,000,000,000 on April 14, 2026. The transaction includes participation from Startech Ai L.p. The Bonds are 100% convertible into 6,777,777 common shares of the company at a conversion price value of KRW 180,000 and carry interest rate of 2.5% and maturity interest rate of 2.5%. The conversion billing period starts from April 30, 2027 to April 23, 2032. The transaction has been approved by the board of directors of the company. The transaction is subject to 1 year hold period. The Bonds have a maturity date of April 30, 2032. The transaction is expected to close on April 30, 2026. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩177,900, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the IT industry in South Korea. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩120,588 per share. Reported Earnings • Mar 13
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₩9,819 (up from ₩9,787 in FY 2024). Revenue: ₩14t (flat on FY 2024). Net income: ₩759.5b (flat on FY 2024). Profit margin: 5.5% (in line with FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩164,400, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩280,942 per share. Tillkännagivande • Feb 14
Samsung SDS Co., Ltd., Annual General Meeting, Mar 18, 2026 Samsung SDS Co., Ltd., Annual General Meeting, Mar 18, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 125, olympic-ro 35-gil, songpa-gu, seoul South Korea Reported Earnings • Jan 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₩9,819 (up from ₩9,787 in FY 2024). Revenue: ₩14t (flat on FY 2024). Net income: ₩760.0b (flat on FY 2024). Profit margin: 5.5% (in line with FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 08
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to ₩174,500. The fair value is estimated to be ₩220,214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Tillkännagivande • Jan 03
Samsung SDS Co., Ltd. to Report Q4, 2025 Results on Jan 22, 2026 Samsung SDS Co., Ltd. announced that they will report Q4, 2025 results on Jan 22, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of ₩2,900 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.4%). Declared Dividend • Nov 08
Dividend of ₩2,900 announced Dividend of ₩2,900 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Nov 07
Samsung SDS Co., Ltd. announces Annual dividend, payable on April 20, 2026 Samsung SDS Co., Ltd. announced Annual dividend of KRW 2900.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Reported Earnings • Nov 02
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₩2,523. Revenue: ₩3.51t (down 1.6% from 3Q 2024). Net income: ₩171.0b (down 4.8% from 3Q 2024). Profit margin: 4.9% (down from 5.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in South Korea. Tillkännagivande • Oct 03
Samsung SDS Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Samsung SDS Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio). New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Tillkännagivande • Jul 02
Samsung SDS Co., Ltd. to Report Q2, 2025 Results on Jul 24, 2025 Samsung SDS Co., Ltd. announced that they will report Q2, 2025 results on Jul 24, 2025 Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩159,300, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩282,171 per share. Tillkännagivande • May 01
Samsung SDS Co.,Ltd. (KOSE:A018260) agreed to acquire 15.16% stake in Multicampus Corporation (KOSDAQ:A067280) from Samsung Global Research Co.,Ltd. for KRW 35.1 billion. Samsung SDS Co.,Ltd. (KOSE:A018260) agreed to acquire 15.16% stake in Multicampus Corporation (KOSDAQ:A067280) from Samsung Global Research Co.,Ltd. for KRW 35.1 billion on April 25, 2025. A cash consideration of KRW 35.14 billion will be paid by Samsung SDS for 898,379 shares. The contents may change upon agreement between the parties during the equity sale process.
The expected completion of the transaction is June 2, 2025. Reported Earnings • Apr 26
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₩2,728 (up from ₩2,726 in 1Q 2024). Revenue: ₩3.49t (up 7.5% from 1Q 2024). Net income: ₩211.0b (flat on 1Q 2024). Profit margin: 6.0% (down from 6.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year. Tillkännagivande • Apr 03
Samsung SDS Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Samsung SDS Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Reported Earnings • Mar 13
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₩9,787 (up from ₩8,965 in FY 2023). Revenue: ₩14t (up 4.2% from FY 2023). Net income: ₩757.0b (up 9.2% from FY 2023). Profit margin: 5.5% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Tillkännagivande • Feb 19
Samsung SDS Co.,Ltd., Annual General Meeting, Mar 19, 2025 Samsung SDS Co.,Ltd., Annual General Meeting, Mar 19, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 125, olympic-ro 35-gil, songpa-gu, seoul South Korea Reported Earnings • Jan 25
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₩9,787 (up from ₩8,965 in FY 2023). Revenue: ₩14t (up 4.2% from FY 2023). Net income: ₩757.0b (up 9.2% from FY 2023). Profit margin: 5.5% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Tillkännagivande • Jan 03
Samsung SDS Co.,Ltd. to Report Q4, 2024 Results on Jan 23, 2025 Samsung SDS Co.,Ltd. announced that they will report Q4, 2024 results on Jan 23, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of ₩2,700 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.7%). Tillkännagivande • Oct 18
Samsung SDS Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Samsung SDS Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Tillkännagivande • Jul 04
Samsung SDS Co.,Ltd. to Report Q2, 2024 Results on Jul 25, 2024 Samsung SDS Co.,Ltd. announced that they will report Q2, 2024 results on Jul 25, 2024 Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: ₩8,965 (vs ₩14,218 in FY 2022) Full year 2023 results: EPS: ₩8,965 (down from ₩14,218 in FY 2022). Revenue: ₩13t (down 23% from FY 2022). Net income: ₩693.4b (down 37% from FY 2022). Profit margin: 5.2% (down from 6.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the IT industry in South Korea. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 22
Samsung SDS Co.,Ltd., Annual General Meeting, Mar 20, 2024 Samsung SDS Co.,Ltd., Annual General Meeting, Mar 20, 2024, at 09:01 Korea Standard Time. Location: Magellan Hall, B1F, Samsung SDS Tower, Olympic-ro 35-gil 125, Songpa-gu, Seoul, Korea Seoul South Korea Agenda: To consider the Audit report; to consider the Approval of Financial Statements for the 39th term (Jan. 1, 2023 ~ Dec. 31, 2023); to consider the Appointment of Directors ; to consider the to consider the Appointment of members to the Audit Committee, In-Shil Lee; to consider the Approval of Remuneration Limit for the Directors; and to consider other matters. Upcoming Dividend • Dec 20
Upcoming dividend of ₩3,200 per share at 1.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 31% and the cash payout ratio is 82%. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.2%). Buying Opportunity • Nov 20
Now 20% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be ₩182,889, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 0.7% in 2 years. Earnings is forecast to decline by 19% in the next 2 years. Buying Opportunity • Oct 23
Now 20% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be ₩162,907, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 3.7% in 2 years. Earnings is forecast to decline by 19% in the next 2 years. Buying Opportunity • Sep 08
Now 22% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be ₩188,380, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 3.2% in 2 years. Earnings is forecast to decline by 19% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩133,600, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the IT industry in Asia. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩206,801 per share. Major Estimate Revision • May 06
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩15.4b to ₩14.2b. EPS estimate also fell from ₩8,896 per share to ₩7,995 per share. Net income forecast to shrink 37% next year vs 19% growth forecast for IT industry in South Korea . Consensus price target broadly unchanged at ₩147,833. Share price was steady at ₩118,500 over the past week. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: ₩14,218 (vs ₩7,901 in FY 2021) Full year 2022 results: EPS: ₩14,218 (up from ₩7,901 in FY 2021). Revenue: ₩17t (up 26% from FY 2021). Net income: ₩1.10t (up 80% from FY 2021). Profit margin: 6.4% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the IT industry in South Korea are expected to grow by 8.0%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩2,400 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (2.0%). Reported Earnings • Nov 19
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₩5,056 (up from ₩2,490 in 3Q 2021). Revenue: ₩4.20t (up 24% from 3Q 2021). Net income: ₩391.1b (up 103% from 3Q 2021). Profit margin: 9.3% (up from 5.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 118%. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the IT industry in South Korea are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Chairman Won-Pyo Hong was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • Oct 29
Consensus EPS estimates increase by 25% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩16.6b to ₩16.9b. EPS estimate increased from ₩10,279 to ₩12,884 per share. Net income forecast to grow 15% next year vs 33% growth forecast for IT industry in South Korea. Consensus price target broadly unchanged at ₩162,294. Share price was steady at ₩122,000 over the past week. Major Estimate Revision • May 01
Consensus revenue estimates increase by 11% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from ₩14.7b to ₩16.3b. EPS estimate increased from ₩9,289 to ₩9,795 per share. Net income forecast to grow 24% next year vs 39% growth forecast for IT industry in South Korea. Consensus price target of ₩181,688 unchanged from last update. Share price rose 6.5% to ₩148,500 over the past week. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Chairman Won-Pyo Hong was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₩7,901 (up from ₩5,733 in FY 2020). Revenue: ₩14t (up 24% from FY 2020). Net income: ₩611.2b (up 38% from FY 2020). Profit margin: 4.5% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 5.2%, compared to a 14% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 17
Samsung SDS Co.,Ltd., Annual General Meeting, Mar 16, 2022 Samsung SDS Co.,Ltd., Annual General Meeting, Mar 16, 2022, at 09:00 Korea Standard Time. Location: Samsung SDS Tower, West Campus Seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩2,400 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (2.4%). In line with average of industry peers (1.4%). Price Target Changed • Nov 23
Price target decreased to ₩204,059 Down from ₩221,941, the current price target is an average from 17 analysts. New target price is 33% above last closing price of ₩154,000. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₩9,034 for next year compared to ₩5,733 last year. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS ₩5,733 (vs ₩9,521 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₩11t (up 2.8% from FY 2019). Net income: ₩443.5b (down 40% from FY 2019). Profit margin: 4.0% (down from 6.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 17
Samsung SDS Co.,Ltd., Annual General Meeting, Mar 17, 2021 Samsung SDS Co.,Ltd., Annual General Meeting, Mar 17, 2021, at 09:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 23% share price gain to ₩219,500, the stock is trading at a trailing P/E ratio of 32.4x, up from the previous P/E ratio of 26.3x. This compares to an average P/E of 22x in the IT industry in South Korea. Total return to shareholders over the past three years is a loss of 9.7%. Is New 90 Day High Low • Jan 05
New 90-day high: ₩212,500 The company is up 20% from its price of ₩177,500 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩176,150 per share. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₩212,500, the stock is trading at a trailing P/E ratio of 31.4x, up from the previous P/E ratio of 26.2x. This compares to an average P/E of 21x in the IT industry in South Korea. Total return to shareholders over the past three years is a loss of 9.0%. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩2,400 Per Share Will be paid on the 17th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.4% is below the top quartile of South Korean dividend payers (2.6%), but is in line with industry peers (1.3%). Is New 90 Day High Low • Oct 26
New 90-day high: ₩182,000 The company is up 5.0% from its price of ₩174,000 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the IT industry, which is also up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩141,741 per share. Tillkännagivande • Oct 08
Samsung SDS Co.,Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Samsung SDS Co.,Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Tillkännagivande • Jul 17
Samsung SDS Co.,Ltd. to Report Q2, 2020 Results on Jul 24, 2020 Samsung SDS Co.,Ltd. announced that they will report Q2, 2020 results on Jul 24, 2020 
