Company Valuation: Samsung SDS Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 12,105,304 9,514,073 13,149,532 9,885,354 13,265,557 14,116,409 - -
Change - -21.41% 38.21% -24.82% 34.19% 6.41% - -
Enterprise Value (EV) 1 7,976 5,354 8,526 4,845 7,702 7,515 6,953 6,445
Change - -32.88% 59.26% -43.18% 58.98% -2.43% -7.48% -7.31%
P/E ratio 19.8x 8.65x 19x 13.1x 17.5x 17.1x 15.2x 13.6x
PBR 1.68x 1.16x 1.52x 1.06x 1.34x 1.34x 1.25x 1.17x
PEG - 0.1x -0.5x 1.43x 53.52x 2x 1.2x 1.1x
Capitalization / Revenue 0.89x 0.55x 0.99x 0.71x 0.95x 0.96x 0.91x 0.8x
EV / Revenue 0.59x 0.31x 0.64x 0.35x 0.55x 0.51x 0.45x 0.37x
EV / EBITDA 6.38x 3.75x 6x 3.19x 4.85x 4.55x 4.03x 3.43x
EV / EBIT 9.87x 5.84x 10.5x 5.32x 8.05x 7.37x 6.18x 4.91x
EV / FCF 11.5x 7.67x 8.44x 4.07x 8.67x 7.71x 6.04x 7.2x
FCF Yield 8.7% 13% 11.8% 24.6% 11.5% 13% 16.6% 13.9%
Dividend per Share 3 2,400 3,200 2,700 2,900 3,190 3,376 3,464 3,900
Rate of return 1.53% 2.6% 1.59% 2.27% 1.86% 1.85% 1.9% 2.14%
EPS 3 7,899 14,218 8,965 9,787 9,819 10,658 11,988 13,466
Distribution rate 30.4% 22.5% 30.1% 29.6% 32.5% 31.7% 28.9% 29%
Net sales 1 13,630 17,235 13,277 13,828 13,930 14,677 15,542 17,614
EBITDA 1 1,250 1,428 1,421 1,518 1,587 1,650 1,724 1,879
EBIT 1 808.1 916.1 808.2 911.1 957.1 1,020 1,125 1,312
Net income 1 611.2 1,130 693.4 757 759.5 827 927 1,042
Net Debt 1 -4,129 -4,161 -4,623 -5,040 -5,563 -6,601 -7,164 -7,672
Reference price 3 156,500.00 123,000.00 170,000.00 127,800.00 171,500.00 182,500.00 182,500.00 182,500.00
Nbr of stocks (in thousands) 77,350 77,350 77,350 77,350 77,350 77,350 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/23/25 1/22/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.12x0.51x4.55x1.85% 9.66B
24.62x8.2x14.57x1.09% 23.33B
18.15x3.49x8.75x1.53% 17.36B
18.38x0.68x9x3.09% 7.31B
23.92x1.65x11.59x2.05% 4.52B
13.12x1.1x6.05x1.54% 4.22B
72.92x4.29x53.2x0.57% 3.46B
27.31x1.23x13.15x0.16% 2.27B
35.45x - - 1.44% 2.12B
Average 27.89x 2.65x 15.11x 1.48% 8.25B
Weighted average by Cap. 23.46x 4.04x 12.38x 1.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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