Samsung C&T Corp.

Company Background

Samsung C&T was created by merging among Samsung group companies, including the construction and trading businesses of former Samsung C&T, the fashion business of Cheil Industries and theme park operator Samsung Everland. Established in 1938 by Samsung group founder Lee Byung-chull, the company began as Samsung Sanghoe.

Samsung C&T is often referred to as the group's de facto holdings company, because Samsung Electronics Vice Chairman Lee Jae-yong and other founding family members hold a large stake in the company. The company also holds a large stake in Samsung Life Insurance, a major shareholder of Samsung Electronics. Given the fact that Samsung group companies invest in each other in an intertwined manner, Samsung C&T is not meeting requirements to become a holding company, according to South Korean regulations.

Samsung C&T is an industry leader in South Korea's construction business. The company was involved in the Burj Khalifa project, the world's tallest skyscraper in Dubai, the United Arab Emirates. A group of South Korean companies, including Samsung C&T, won a nuclear power plant project from the UAE in 2010. In its apparel business, Samsung C&T is also a producer and retailer of fashion clothing. Samsung C&T often draws attention on the stock market, but largely not as an operating company, because the company is the core unit of the Samsung group amid its on-and-off restructuring efforts.

Business Summary

Samsung C&T Corp. provides construction, engineering, and amusement park management services. It operates through the following business divisions: Construction, Fashion, Resort, Bio, Trading, and Meal Service. The company was founded on December 23, 1963 and is headquartered at Seoul, South Korea.

Financial Highlights

Dec 2022	KRW	USD
Revenue	43,161.65B	33,404.22M
Gross Profit	5,851.57B	4,528.72M
Operating income	2,546.41B	1,970.75M
Income before tax	3,191.85B	2,470.28M
Net income	2,044.08B	1,581.98M
EBITDA	3,173.41B	2,456.00M
Diluted EPS	12,460.50	9.64
Dividends Per Share	2,300	1.78
Total Assets	58,981.49B	46,644.12M
Total liabilities	27,017.37B	21,366.05M
Total equity	26,680.66B	21,099.77M
Operating cash flow	2,618.28B	2,026.37M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	31,155.63B	30,761.50B	30,216.11B	34,455.18B	43,161.65B
Gross Profit	3,831.20B	3,655.60B	3,241.87B	3,919.53B	5,851.57B
Operating income	1,062.43B	870,636.07M	856,779.81M	1,182.77B	2,546.41B
Income before tax	2,382.73B	1,222.56B	1,303.53B	2,369.81B	3,191.85B
Net income	1,712.79B	1,050.07B	1,035.49B	1,635.04B	2,044.08B
EBITDA	1,525.55B	1,314.67B	1,380.27B	1,701.23B	3,173.41B
Diluted EPS	10,384.81	6,366.72	6,278.31	9,913.45	12,460.50
Dividends Per Share	2,000	2,000	2,300	4,200	2,300
Total Assets	43,674.27B	45,905.51B	54,331.74B	55,245.42B	58,981.49B
Total liabilities	21,125.33B	19,213.42B	21,386.25B	21,892.97B	27,017.37B
Total equity	19,946.59B	24,096.13B	30,197.97B	30,405.53B	26,680.66B
Operating cash flow	1,678.37B	770,849.62M	1,267.89B	1,195.73B	2,618.28B

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	28,309.97M	26,377.90M	25,609.31M	30,087.67M	33,404.22M
Gross Profit	3,481.27M	3,134.67M	2,747.61M	3,422.69M	4,528.72M
Operating income	965.39M	746.56M	726.15M	1,032.84M	1,970.75M
Income before tax	2,165.10M	1,048.34M	1,104.79M	2,069.41M	2,470.28M
Net income	1,556.34M	900.43M	877.62M	1,427.78M	1,581.98M
EBITDA	1,386.21M	1,127.33M	1,169.83M	1,485.58M	2,456.00M
Diluted EPS	9.43	5.45	5.32	8.65	9.64
Dividends Per Share	1.81	1.71	1.94	3.66	1.78
Total Assets	39,141.66M	39,695.20M	50,015.40M	46,473.54M	46,644.12M
Total liabilities	18,932.90M	16,614.13M	19,687.24M	18,416.80M	21,366.05M
Total equity	17,876.49M	20,836.29M	27,798.92M	25,577.73M	21,099.77M
Operating cash flow	1,525.07M	661.00M	1,074.59M	1,044.16M	2,026.37M

Valuation Measures

Dec 2022
PER	9.10
ROA	3.57%
ROE	7.16%
Operating margin	5.89%
Profit margin	4.73%

Key executives

Co-President, Co-CEO & Director: Seung-Hwan Han
Co-President, Co-CEO & Director: Se-Chul Oh
Co-President, Co-CEO & Director: Jung-Suk Koh
Director & Vice President: Joonseo Lee
Chief Enterprise Innovation Officer & Sr Advisor: Robin A. Bienfait

Shareholders

LEE JAE-YONG /CHEIL INDUSTRIES/ (18.1%)
Samsung C&T Corp. (13.2%)
KCC Corp. (9.1%)
National Pension Service of Korea (7.0%)
LEE BU-JIN (6.2%)
LEE SEO-HYUN (6.2%)
The Vanguard Group, Inc. (1.1%)
BlackRock Fund Advisors (1.0%)
Samsung Life Public Welfare Foundation (1.0%)
Samsung Asset Management Co., Ltd. (1.0%)

Contact Details

Website:http://www.samsungcnt.com
Address: Samsung Main Building, 19th floor, 67 Sejong-daero, Seoul, 04519, South Korea
Phone: +82.2.759.0290

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Competitors

KCC Engineering & Construction Co., Ltd
KUMHO Engineering & Construction Co., Ltd.
HJ SHIPBUILDING & CONSTRUCTION CO. LTD
Dongbu Corporation
Kye-Ryong Construction Industrial Co., Ltd.
Wonpung Mulsan Co., Ltd.
Seohee Construction Co., Ltd.
Hanil Holdings Co., Ltd.
DAE HWA PHARM Co., Ltd.
JS Corp.

Last Updated on 29 Mar, 2023