Samsung Electro-Mechanics Co Ltd 009150

Morningstar Rating
₩129,900.00 −300.00 (0.23%)
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Company Report

MLCC For Non-IT Applications and Solid Camera Module Shipments to Offset Weakness on PCs and Servers

Samsung Electro-Mechanics is the global second supplier of multilayer ceramic capacitors, which account for about 40% of Semco’s revenue and 70% of operating income. MLCCs are necessary to stabilize and control electric flow, and thus necessary for all electronic circuits. We believe the robust demand for MLCCs, mainly from smartphone and automotive manufacturers, will be the driver of Semco’s growth in the midterm.

Price vs Fair Value

009150 is trading at a 800% premium.
Price
₩129,900.00
Fair Value
₩528,132.00
Uncertainty
High
1-Star Price
₩837,482.00
5-Star Price
₩121,882.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Semco will be one of the beneficiaries of the increasing high-end MLCC demand from the smartphone, auto, and information infrastructure industries.

Bears

Competition with Taiwanese and Chinese suppliers may intensify as the technological gap narrows, and Semco may struggle from the price decline of MLCCs.

News

Trading Information

Previous Close Price
₩130,200.00
Day Range
₩129,200.00131,200.00
52-Week Range
₩119,100.00176,500.00
Bid/Ask
₩130,100.00 / ₩130,200.00
Market Cap
₩9.81 Tril
Volume/Avg
211,656 / 434,174

Key Statistics

Price/Earnings (Normalized)
19.49
Price/Sales
0.96
Dividend Yield (Trailing)
0.89%
Dividend Yield (Forward)
0.89%
Total Yield
0.89%

Company Profile

Samsung Electro-Mechanics, or Semco, manufactures various electronic components. The company operates three major segments; component solution, optics & communication solution, and package solution, and its main products are multilayer ceramic capacitors, or MLCCs, camera modules, semiconductor packages and substrates. Semco is the global second MLCC supplier. Samsung Electronics, one of the largest consumer electronics and semiconductor companies, is Semco's largest shareholder.
Sector
Technology
Industry
Electronic Components
Stock Style Box
Large Value
Total Number of Employees
24,338

Competitors

Valuation

Metric
009150
6976
6981
Price/Earnings (Normalized)
19.4943.7325.53
Price/Book Value
1.191.122.03
Price/Sales
0.961.203.12
Price/Cash Flow
6.238.8913.06
Price/Earnings
009150
6976
6981

Financial Strength

Metric
009150
6976
6981
Quick Ratio
1.122.143.06
Current Ratio
1.783.465.16
Interest Coverage
11.4317.83
Quick Ratio
009150
6976
6981

Profitability

Metric
009150
6976
6981
Return on Assets (Normalized)
5.29%2.51%7.89%
Return on Equity (Normalized)
7.94%4.25%9.41%
Return on Invested Capital (Normalized)
6.34%2.93%8.92%
Return on Assets
009150
6976
6981

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