Skip to Content
Morningstar

Samsung Electro-Mechanics Co Ltd 009150

Morningstar Rating
Unlock
Stock XKRX Rating as of
KRW 151,700.00 −2,500.00 (1.62%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Semco Earnings: MLCC Capacity Utilization Is Bottoming out, Driven by Solid Non-IT Applications

Kazunori Ito

Samsung Electro-Mechanics posted an operating income of KRW 180 billion for the March quarter, up 29% year on year and above our forecast of KRW 155 billion, driven by better-than-expected sales of multilayer ceramic capacitors and camera modules. While sales of the components division (mainly MLCC) were only 3% above our forecast, we estimate that the profitability was much better than we expected due to an improved product mix from solid sales to the industrial and automotive sectors. The optics & communication solutions division sales were up 47% year on year and 20% higher than our forecast due to better average selling prices and better shipments of Samsung’s flagship Galaxy S24.

Read Full Report

Price vs Fair Value

View History
009150 is trading at a 352% premium.
Price
KRW 154,200.00
Fair Value
KRW 857,275.00
Uncertainty
High
1-Star Price
KRW 338,544.00
5-Star Price
KRW 656,962.00
Economic Moat
Pblvfq
Capital Allocation
Mqqhhtbs

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.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 009150 is a good fit for your portfolio.
Get 7 Days Free

Trading Information

Previous Close Price
KRW 154,200.00
Day Range
KRW 151,000.00–154,300.00
52-Week Range
KRW 119,100.00–165,000.00
Bid/Ask
KRW 151,700.00 / KRW 154,200.00
Market Cap
KRW 11.46 Tril
Volume/Avg
187,152 / 422,149

Key Statistics

Price/Earnings (Normalized)
24.51
Price/Sales
1.26
Dividend Yield (Trailing)
0.76%
Dividend Yield (Forward)
0.76%
Total Yield
0.75%

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
11,970
Website
http://www.samsungsem.co.kr

Competitors

Valuation

View More
Metric
009150
6976
6981
Price/Earnings (Normalized)
 24.51170.8424.24
Price/Book Value
 1.451.212.07
Price/Sales
 1.261.303.23
Price/Cash Flow
 8.059.6613.66
Price/Earnings
009150
6976
6981

Financial Strength

Metric
009150
6976
6981
Quick Ratio
 1.022.322.64
Current Ratio
 1.803.694.39
Interest Coverage
 8.240.49—
Quick Ratio
009150
6976
6981

Profitability

Metric
009150
6976
6981
Return on Assets (Normalized)
 5.18%0.78%7.44%
Return on Equity (Normalized)
 7.59%1.29%8.90%
Return on Invested Capital (Normalized)
 6.30%0.83%9.79%
Return on Assets
009150
6976
6981
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Electronic Components Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
APH
Amphenol Corp Class ARgxxyghmjWjyb$79.1 Bil
HNHPF
Hon Hai Precision Industry Co Ltd DR—Wxmvl$74.1 Bil
TEL
TE Connectivity LtdBggcwblrjVzmjy$46.3 Bil
MRAAY
Murata Manufacturing Co Ltd ADR—Xyxbh$34.5 Bil
MRAAF
Murata Manufacturing Co Ltd—Rkyjn$34.5 Bil
GLW
Corning IncFqdxvdgycQkzfx$30.2 Bil
TTDKY
TDK Corp ADR—Dyp$17.9 Bil
TTDKF
TDK Corp—Lrbdy$16.8 Bil
JBL
Jabil IncXsdcxtdbyZlykh$13.9 Bil
LFUS
Littelfuse IncMrlzvydGjtnnd$6.2 Bil

Sponsor Center