PDF Report issued on the 25/12/2019

SAMSUNG ELECTRONICS CO LTD Company Profile

KOREA EXCHANGE / A005930 / KR7005930003

Business Summary Sector

Samsung Electronics Co., Ltd. is Korea-based company principally engaged in the manufacture and distribution of electronic
products. The Company operates its business through three segments. The Consumer Electronics (CE) Segment is mainly Technology
engaged in the manufacture of color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines Technology Equipment
and others. The Information Technology & Mobile Communications (IM) Segment is mainly engaged in the manufacture of Computers, Phones & Household Electronics
computers, handhold phones (HHPs), network systems, digital cameras and others. The Device Solutions (DS) Segment is
mainly engaged in the manufacture of semiconductor and display parts, including dynamic random access memories Phones & Handheld Devices
(DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. The Company distributes its products Phones & Handheld Devices - NEC
within domestic market and to overseas markets.

Number of employees : 103 011 people.

Income Statement Evolution

Financials (KRW)

Sales 2019 231 529 B Sales 2020 253 060 B P/E ratio 2019 16,9x
EBIT 2019 27 182 B EBIT 2020 36 473 B P/E ratio 2020 12,5x
Net income 2019 21 475 B Net income 2020 28 784 B EV / Sales2019 1 577x
Finance 2019 88 329 B Finance 2020 103 424 B EV / Sales2020 1 443x
Yield 2019 2,58% Yield 2020 2,89% Capitalization 365 286 B

Sales per Businesses

2017 2018
Delta
KRW (in Million) % KRW (in Million) %

Information Technology & Mobile Communications 106,668,000 44.5% 100,678,000 41.3% -5.62%
Managers
Device Solutions - Semiconductor 74,255,600 31% 86,291,000 35.4% +16.21%
Consumer Electronics 45,108,900 18.8% 42,107,400 17.3% -6.65% Name Title

Device Solutions - Display 34,465,400 14.4% 32,465,000 13.3% -5.8% Hyun-Suk Kim Co-President, Co-CEO & Director
Harman 7,102,630 3% 8,843,740 3.6% +24.51% Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Sales per Regions Co-President & Head-Research &
Tae Moon Roh
Development
2017 2018
Delta Sang-Hoon Lee Chairman
KRW (in Million) % KRW (in Million) %
Hee-Chan Roh Chief Financial Officer
America 81,019,600 33.8% 81,688,700 33.5% +0.83%
Jae-Yong Lee Director
Europe 44,418,900 18.5% 42,959,000 17.6% -3.29%
In-Ho Lee Independent Director
Asia and Africa 44,248,000 18.5% 41,993,400 17.2% -5.1%
Boo-Keun Yoon Director
China 38,343,700 16% 43,206,900 17.7% +12.68%
Jong-Kyun Shin Director
South Korea 31,545,200 13.2% 33,923,300 13.9% +7.54%
Shareholders
Equities
Name Equities %

Quantity Float National Pension Service of Korea 626,094,383 10.5%

Stock A 5,969,782,550 5,318,574,642 89.1% Samsung Life Insurance Co., Ltd. 508,157,148 8.51%
Stock B 822,886,700 822,266,800 99.9% Samsung C&T Corporation 298,818,100 5.01%
Kun-Hee Lee 249,273,200 4.18%
Upcoming events on SAMSUNG ELECTRONICS CO LTD The Vanguard Group, Inc. 140,267,203 2.35%
12/27/19 Ex-dividend day for quarterly dividend Capital Research & Management
123,955,416 2.08%
01/07/20 | 05:45pm Citi Global TMT West Conference Co. (World Investors)
Capital Research & Management
93,069,212 1.56%
Co. (Global Investors)
Past events on SAMSUNG ELECTRONICS CO LTD
Fidelity Management & Research
10/31/19 Q3 2019 Earnings Release 89,971,305 1.51%
Co.
10/30/19 | 08:00pm Q3 2019 Earnings Call
Samsung Fire & Marine Insurance
88,802,052 1.49%
Co., Ltd.
Norges Bank Investment
81,107,667 1.36%
Management

Company contact info

129 Samsung-ro
Yeongtong-gu
Suwon, Gyeonggi 16677
Phone : +82.31.200.1114
Fax : +82.31.200.7538
Internet : http://www.samsung.com

Disclaimer : SURPERFORMANCE SAS assumes no responsibility for any use that may be made of the information available, and the consequences that may result,
including any decision taken on the basis of information provided, even in case of error or omission. The content is intended for investors who have the necessary
knowledge and experience to understand and appreciate the information developed. These information are disseminated for information only. These information may http://www.marketscreener.com
contain inaccuracies, errors or omissions.

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 PDF Report issued on the 25/12/2019

SAMSUNG ELECTRONICS CO LTD Financials and Forecast

KOREA EXCHANGE / A005930 / KR7005930003

Income Statement Evolution : Past and Forecast Financial Ratios

Size 2019e 2020e

365 285 653
Capitalization -
M KRW
365 197 324 365 182 229
Entreprise Value (EV)
M KRW M KRW

Valuation 2019e 2020e

P/E ratio (Price / EPS) 16,9x 12,5x
Capitalization / Revenue 1 578x 1 443x
EV / Revenue 1 577x 1 443x
EV / EBITDA 6 620x 5 593x
Yield (DPS / Price) 2,58% 2,89%
Price to book (Price / BVPS) 1,44x 1,34x

Profitability 2019e 2020e

Operating Margin (EBIT / Sales) 11,7% 14,4%
Operating Leverage (Delta EBIT / Delta Sales) -10,7x 3,68x
Net Margin (Net Profit / Revenue) 9,28% 11,4%
ROA (Net Profit / Asset) 6,40% 8,15%
ROE (Net Profit / Equities) 8,60% 10,8%
Rate of Dividend 43,6% 36,2%
Annual Income Statement Data : Past and Forecast

Actuals in B KRW Estimates in B KRW Balance Sheet Analysis 2019e 2020e

CAPEX / Sales 12,0% 11,9%
Fiscal Period December 2016 2017 2018 2019 (e) 2020 (e) 2021 (e)
Cash Flow / Sales 23,6% 25,3%
Sales 201 900 239 575 243 771 231 529 253 060 277 356 Capital Intensity (Assets / Sales) 1,45x 1,40x
Financial Leverage (Net Debt / EBITDA) - -
EBITDA 49 910 75 762 85 369 55 163 65 291 80 375

Operating profit (EBIT) 29 200 53 645 58 887 27 182 36 473 50 575

Revenue Revisions & EPS Revisions
Pre-Tax Profit (EBT) 30 714 56 196 61 160 30 069 40 092 55 132

Net income 22 416 41 345 43 891 21 475 28 784 39 538

P/E ratio - - - 16,9x 12,5x 9,09x

EPS ( KRW ) 3 159 5 997 6 461 3 250 4 388 6 050

Dividend per Share ( KRW ) 570 850 1 413 1 419 1 587 1 708

Yield - - - 2,58% 2,89% 3,11%

Reference price ( KRW ) - - - 55 000,000 55 000,000 55 000,000

01/23/2017 01/30/2018 01/30/2019

Announcement Date - - -
11:55pm 11:45pm 11:30pm

Finances - Leverage : Past and Forecast

Price Earning Ratio

Disclaimer : SURPERFORMANCE SAS assumes no responsibility for any use that may be made of the information available, and the consequences that may result,
including any decision taken on the basis of information provided, even in case of error or omission. The content is intended for investors who have the necessary
knowledge and experience to understand and appreciate the information developed. These information are disseminated for information only. These information may http://www.marketscreener.com
contain inaccuracies, errors or omissions.

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 PDF Report issued on the 25/12/2019

SAMSUNG ELECTRONICS CO LTD Analysts' Consensus

KOREA EXCHANGE / A005930 / KR7005930003

Evolution of the average Target Price

Consensus Sell Buy

Mean consensus BUY

Number of Analysts 38
Average target price 61 345,95 KRW
Last Close Price 55 000,00 KRW
Spread / Highest target 40,0%
Spread / Average Target 11,5%
Spread / Lowest Target -21,8%

Consensus detail

Consensus revision (last 18 months)

Target Price consensus revisions : last 18 months

EPS - Rate of surprise

Disclaimer : SURPERFORMANCE SAS assumes no responsibility for any use that may be made of the information available, and the consequences that may result,
including any decision taken on the basis of information provided, even in case of error or omission. The content is intended for investors who have the necessary
knowledge and experience to understand and appreciate the information developed. These information are disseminated for information only. These information may http://www.marketscreener.com
contain inaccuracies, errors or omissions.

Page 3 / 4
 PDF Report issued on the 25/12/2019

SAMSUNG ELECTRONICS CO LTD Sector and Competitors

KOREA EXCHANGE / A005930 / KR7005930003

Chart Sector

Subsector Phones & Handheld Devices Ratings

1st jan. Capitalization (M$) Investor Rating

SAMSUNG ELECTRONICS CO LTD 314 092

APPLE INC. 80.21% 1 263 087

XIAOMI CORP --.--% 32 341
WINGTECH TECHNOLOGY CO.,LTD 342.97% 15 015
FITBIT, INC. 30.18% 1 697
MERRY ELECTRONICS CO LTD --.--% 1 186
QUARTIX HOLDINGS PLC 38.49% 228
MEMTECH INTERNATIONAL LTD. 69.62% 135 -
DORO AB (PUBL) 48.76% 128
DIGIA OYJ 36.14% 114

Best Growth (Revenue) : Wingtech Technology Co. Worst Growth (Revenue) : Memtech International L
Best Profitability : Quartix Holdings plc Worst Profitability : Memtech International L
Best Situation Fi. : Apple Inc. Worst Situation Fi. : Wingtech Technology Co.
Best EPS revision 4m. : Wingtech Technology Co. Worst EPS revision 4m. : Xiaomi Corp
Best Valuation : Doro AB (publ) Worst Valuation : Wingtech Technology Co.
Best Investor Rating : Merry Electronics Co Lt Worst Investor Rating : Memtech International L

Disclaimer : SURPERFORMANCE SAS assumes no responsibility for any use that may be made of the information available, and the consequences that may result,
including any decision taken on the basis of information provided, even in case of error or omission. The content is intended for investors who have the necessary
knowledge and experience to understand and appreciate the information developed. These information are disseminated for information only. These information may http://www.marketscreener.com
contain inaccuracies, errors or omissions.

Page 4 / 4