Samsung Electronics Co Net Income dropped on 100%
08 Jan 2020 • About Samsung Electronics Co (
$SMSN) • By InTwits
Samsung Electronics Co reported FY2019 financial results today. Overall the company's long term financial model is characterised by the following facts: It operates with medium-size leverage: Net Debt/EBITDA is 2.7x while industry average is 2.9x.
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
The company's Revenue decreased on 5.8%. During FY2015-FY2019 Revenue growth topped in FY2017 at 18.7% and was decelerating since that time.
Financial and operational results
FY ended 30 Nov -0001
Samsung Electronics Co ($SMSN) key annual financial indicators| mln. KRW | 2015 | 2016 | 2017 | 2018 | 2019 | 2019/2018 |
|---|
P&L
|
|---|
| Revenue | 200,653,482 | 201,866,745 | 239,575,376 | 243,771,415 | 229,520,000 | -5.8% |
| Gross Profit | 77,171,364 | 81,589,030 | 110,284,715 | 111,377,004 | | |
| SG&A | 36,081,636 | 37,235,161 | 38,947,445 | 32,688,565 | | |
| EBITDA | 47,344,299 | 49,953,637 | 75,762,430 | 85,368,706 | | |
| EBIT | | | | 58,886,669 | | |
| Interest expence | | | | 674,617 | | |
| Tax | | | | 16,815,101 | | |
| Net Income | 18,694,600 | 22,415,700 | 41,344,600 | 43,890,900 | | |
Balance Sheet
|
|---|
| Cash | 22,636,744 | 32,111,442 | 30,545,130 | 30,340,505 | | |
| Inventory | | | | 28,984,704 | | |
| Accounts Payable | | | | 8,479,916 | | |
| Short Term Debt | 11,376,973 | 13,979,606 | 16,046,238 | 13,620,046 | | |
| Long Term Debt | 1,496,990 | 1,302,780 | 2,767,807 | 1,047,057 | | |
Cash flow
|
|---|
| Capex | 25,880,222 | 24,142,973 | 42,792,234 | 29,556,406 | | |
| Dividends | | | | 10,193,695 | | |
Ratios
|
|---|
| Revenue growth | -2.7% | 0.6% | 18.7% | 1.8% | -5.8% | |
| EBITDA growth | 9.9% | 5.5% | 51.7% | 12.7% | | |
|
|---|
| Gross Margin | 38.5% | 40.4% | 46.0% | 45.7% | | |
| EBITDA Margin | 23.6% | 24.7% | 31.6% | 35.0% | |
| EBIT Margin | | | | 24.2% | |
| SG&A, % of revenue | 18.0% | 18.4% | 16.3% | 13.4% | | |
| Net Income Margin | 9.3% | 11.1% | 17.3% | 18.0% | |
| CAPEX, % of revenue | 12.9% | 12.0% | 17.9% | 12.1% | | |
|
|---|
| ROIC | 14.0% | 14.3% | 23.2% | 22.2% | | |
| ROE | 9.7% | 10.9% | 18.5% | 17.3% | | |
| Net Debt/EBITDA | -0.2x | -0.3x | -0.2x | -0.2x | |
| Interest expence / Average debt | | | | 4.6% | | |
Peers in Technology Hardware & Equipment
Below you can find Samsung Electronics Co benchmarking vs. other companies in Technology Hardware & Equipment industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Seeing Machines ($SEE) | 13.3% | 76.8% | -57.8% | 116.6% | |
| Cml Microsystems ($CML) | -10.6% | 4.7% | 21.5% | 14.2% | |
| Trakm8 Holdings ($TRAK) | 94.2% | 43.7% | 4.3% | 12.4% | |
| Northamber ($NAR) | 4.1% | -5.5% | -7.4% | 1.5% | |
| Filtronic ($FTC) | -46.7% | -22.5% | 160.5% | -32.2% | |
| |
|---|
| Median (5 companies) | 1.1% | -4.7% | 0.4% | 12.4% | |
|---|
| Samsung Electronics Co ($SMSN) | | 0.6% | 18.7% | 1.8% | -5.8% |
Top companies by Gross margin, %
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Cml Microsystems ($CML) | 70.9% | 71.2% | 71.4% | 70.2% | |
| Trakm8 Holdings ($TRAK) | 45.2% | 48.3% | 49.4% | 49.4% | |
| Seeing Machines ($SEE) | 44.9% | 81.3% | 4.9% | 24.8% | |
| Northamber ($NAR) | 7.0% | 7.8% | 7.7% | 7.8% | |
| |
|---|
| Median (4 companies) | 37.1% | 31.4% | 22.1% | 37.1% | |
|---|
| Samsung Electronics Co ($SMSN) | 38.5% | 40.4% | 46.0% | 45.7% | |
Top companies by EBITDA margin, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Cml Microsystems ($CML) | 29.9% | 30.0% | 31.4% | 30.7% | |
| Filtronic ($FTC) | -39.7% | -46.5% | 7.0% | 10.2% | |
| Trakm8 Holdings ($TRAK) | 14.0% | 15.8% | 8.7% | 10.2% | |
| Northamber ($NAR) | -1.0% | -1.8% | -1.7% | -0.7% | |
| Seeing Machines ($SEE) | -67.2% | -5.6% | -187.7% | -116.1% | |
| |
|---|
| Median (5 companies) | 5.3% | 6.1% | 5.4% | 10.2% | |
|---|
| Samsung Electronics Co ($SMSN) | 23.6% | 24.7% | 31.6% | 35.0% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Seeing Machines ($SEE) | 3.9% | 1.6% | 5.6% | 12.6% | |
| Filtronic ($FTC) | 1.1% | 1.3% | 2.3% | 2.5% | |
| Cml Microsystems ($CML) | 1.5% | 1.9% | 1.6% | 1.5% | |
| Trakm8 Holdings ($TRAK) | 2.0% | 1.8% | 0.7% | 0.3% | |
| Northamber ($NAR) | 0.1% | 0.1% | 0.3% | 0.1% | |
| |
|---|
| Median (5 companies) | 1.8% | 1.5% | 1.6% | 1.5% | |
|---|
| Samsung Electronics Co ($SMSN) | 12.9% | 12.0% | 17.9% | 12.1% | |
Top companies by ROIC, %
| Top 5 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Filtronic ($FTC) | -80.4% | -79.3% | 18.6% | 16.5% | |
| Cml Microsystems ($CML) | 10.3% | 10.1% | 11.2% | 10.4% | |
| Trakm8 Holdings ($TRAK) | 22.5% | 20.8% | 3.6% | 4.6% | |
| Northamber ($NAR) | -4.4% | -6.5% | -5.6% | -3.2% | |
| Seeing Machines ($SEE) | -44.5% | -7.9% | -71.4% | -76.1% | |
| |
|---|
| Median (10 companies) | 3.4% | 1.7% | 4.8% | 4.6% | |
|---|
| Samsung Electronics Co ($SMSN) | 14.0% | 14.3% | 23.2% | 22.2% | |
Top companies by Net Debt / EBITDA
| Top | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
|---|
| Trakm8 Holdings ($TRAK) | -0.2x | 0.3x | 1.7x | 1.1x | |
| Filtronic ($FTC) | | | -1.1x | -1.3x | |
| Cml Microsystems ($CML) | -2.0x | -2.0x | -1.4x | -1.4x | |
| |
|---|
| Median (3 companies) | -1.4x | -0.9x | -1.1x | -1.3x | |
|---|
| Samsung Electronics Co ($SMSN) | -0.2x | -0.3x | -0.2x | -0.2x | |
