Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Electronics Co., Ltd.    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Samsung Electronics : Blowout Quarter is the Flipside of Huawei's Woes -- Heard on the Street

10/08/2020 | 05:52am EST

By Jacky Wong

Call it Samsung's schadenfreude quarter: The company's blowout results owe a lot to the travails of Chinese rival Huawei. Not all of the good bad news will last, however.

The Korean technology giant said Thursday that it expects its operating profit last quarter to be around 12.3 trillion won, the equivalent of $10.6 billion, a 58% jump from a year earlier and the highest since 2018. That also handily beat analysts' average estimate of 10.1 trillion won according to S&P Global Market Intelligence.

Detailed figures will be released only later this month, but Samsung has likely done better in most of its segments. It will probably regain its spot as the world's largest smartphone maker after it was overtaken by Huawei in the second quarter. Morgan Stanley estimates Samsung shipped more than 80 million smartphones last quarter, about 50% more than the quarter before. Part of that gain represents fortuitous timing: The ban on selling chips made using U.S. technology to Huawei kicked in last month, and Apple has delayed its iPhone launch, usually held in September, to next week. Competition likely will rise again this quarter as new iPhones hit stores and other Chinese vendors such as Oppo and Xiaomi try to fill the vacuum left by Huawei.

The Huawei ban has likely also benefited Samsung's semiconductor business, which accounted for half of its operating profit in 2019. The Chinese company probably stockpiled components ahead of the US chip ban in September. Rising exports from Taiwan, also a major semiconductor exporter, can be partly attributed to Huawei's stockpiling as well, according to the island's Finance Ministry. Apart from Huawei, other Chinese smartphone makers likely have stocked up, too, to capture Huawei's lost market share, said Avril Wu, an analyst at Trendforce.

But demand for memory chips will likely drop again after these rush orders. Trendforce expects memory prices to fall around 10% this quarter.

Samsung's telecom equipment business could reap longer-lasting benefits from Huawei's troubles. The Korean company signed a $6.65 billion deal with Verizon last month to provide network equipment through the end of 2025, making it a step closer to become a major 5G supplier.

The Huawei fallout handed Samsung a windfall in the third quarter, but not all of it looks permanent.

Write to Jacky Wong at JACKY.WONG@wsj.com

(END) Dow Jones Newswires

10-08-20 0551ET

All news about SAMSUNG ELECTRONICS CO., LTD.
02:16pANALOG DEVICES : shares dip as Huawei ban complicates 5G growth in China
RE
08:35aSK TELECOM : Samsung and SK Telecom Complete Next-Generation 5G Core Development..
AQ
07:54aXiaomi's profit jumps as smartphone shipments surge
RE
11/23Smelling blood, Huawei?s Chinese mobile rivals look to capitalise on its U.S...
RE
11/23S.Korea shares close at record high as Samsung Electronics, SK Hynix surge
RE
11/19In Shenzhen, the world's largest electronics market gets a cosmetics makeover
RE
11/18Google redesigns Pay app, opens waitlist for bank accounts with Citi
RE
11/18FDA Accepts Biogen, Samsung Bioepis Filing for Lucentis Biosimilar
DJ
11/18FACTBOX : Battery fires put automakers in hot seat over EVs
RE
11/18S.Korea shares rise on hopes of Fed's policy support; rising virus cases weig..
RE
More news
Financials
Sales 2020 238 505 B 215 B 215 B
Net income 2020 27 268 B 24,6 B 24,6 B
Net cash 2020 95 065 B 85,8 B 85,8 B
P/E ratio 2020 16,4x
Yield 2020 2,16%
Capitalization 455 009 B 409 B 411 B
EV / Sales 2020 1 907x
EV / Sales 2021 1 721x
Nbr of Employees -
Free-Float 82,9%
Chart SAMSUNG ELECTRONICS CO., LTD.
Duration : Period :
Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Average target price 76 825,00 KRW
Last Close Price 67 700,00 KRW
Spread / Highest target 32,9%
Spread / Average Target 13,5%
Spread / Lowest Target -11,4%
EPS Revisions
Managers
NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Jae-Wan Park Chairman
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG ELECTRONICS CO., LTD.21.33%406 014
APPLE INC.59.84%1 935 655
XIAOMI CORPORATION151.86%85 859
WINGTECH TECHNOLOGY CO.,LTD14.35%20 028
FITBIT, INC.9.44%1 959
MERRY ELECTRONICS CO., LTD.-16.12%1 038