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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung SDI Co., Ltd.    A006400   KR7006400006

SAMSUNG SDI CO., LTD.

(A006400)
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Samsung SDI 2Q Net Profit Plunged on Weaker Battery Demand

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07/28/2020 | 02:03am EDT

By Kwanwoo Jun

Samsung SDI Co.'s second-quarter net profit plunged 70% compared with the same period a year earlier largely due to weaker battery demand because of the coronavirus pandemic.

Net profit was 47.70 billion Korean won ($39.9 million), the South Korean battery maker said Tuesday. That was below a FactSet consensus forecast for net profit of KRW88.30 billion.

Second-quarter revenue rose 6.4% to KRW2.559 trillion, while operating profit dropped 34% to KRW103.81 billion.

Samsung SDI said sales of electric-vehicle batteries remained sluggish due to pandemic-suppressed demand in the second quarter but the company forecasts demand will increase later this year on policy support for electric vehicles in Europe and brisk sales of energy-storage-system units overseas.

Samsung SDI shares are 2.9% higher after the earnings report.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
SAMSUNG ELECTRONICS CO., LTD. -2.58% 56600 End-of-day quote.1.43%
SAMSUNG SDI CO., LTD. 2.43% 442000 End-of-day quote.87.29%
SDI CORPORATION 1.69% 60.3 End-of-day quote.-7.09%
SDI GROUP PLC 2.13% 72 Delayed Quote.-7.10%
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Financials
Sales 2020 11 547 B 10,2 B 10,2 B
Net income 2020 596 B 0,52 B 0,52 B
Net Debt 2020 2 575 B 2,27 B 2,27 B
P/E ratio 2020 52,4x
Yield 2020 0,22%
Capitalization 29 274 B 25 773 M 25 761 M
EV / Sales 2020 2 536x
EV / Sales 2021 2 049x
Nbr of Employees 24 718
Free-Float 73,0%
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Technical analysis trends SAMSUNG SDI CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 513 382,35 KRW
Last Close Price 442 000,00 KRW
Spread / Highest target 56,1%
Spread / Average Target 16,1%
Spread / Lowest Target -32,1%
EPS Revisions
Managers
NameTitle
Young-Hyun Jun President, Chief Executive Officer & Director
Yoon-Tae Kim MD, Head-Finance & Management Support
Hyeok Jang Vice President & Head-Research Institute
Sung-Jae Kim Independent Director
Nan-Do Kim Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG SDI CO., LTD.87.29%25 773
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VARTA AG-11.37%5 069
SHENZHEN CAPCHEM TECHNOLOGY CO., LTD.106.16%4 607