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Industrial Services

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 is engaged in the provision of provides construction, engineering, and amusement park management services. It operates through 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 2018 KRWUSD
Revenue31,155.63B28,309.97M
Gross Profit3,829.39B3,479.62M
Operating income1,062.43B965.39M
Income before tax2,382.73B2,165.10M
Net income1,712.79B1,556.34M
EBITDA1,525.55B1,386.21M
Diluted EPS10,384.819.43
Dividends Per Share2,0001.81
Total Assets43,674.27B39,141.66M
Total liabilities21,125.33B18,932.90M
Total equity19,946.59B17,876.49M
Operating cash flow1,678.37B1,525.07M
Currency in KRWCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 5,129.56B 13,344.67B 28,102.68B 29,279.04B 31,155.63B
Gross Profit 1,559.09B 2,002.68B 3,001.69B 3,403.35B 3,829.39B
Operating income 213,411.36M 40,786.34M 162,979.59M 850,038.35M 1,062.43B
Income before tax 146,868.57M 2,919.77B 162,667.11M 825,011.44M 2,382.73B
Net income 92,150.36M 2,746.81B 107,356.94M 639,797.94M 1,712.79B
EBITDA 357,212.39M 321,828.04M 662,609.27M 1,330.03B 1,525.55B
Diluted EPS -220.75 20,636.45 648.70 3,879 10,384.81
Dividends Per Share 0 500 550 2,000 2,000
Total Assets 9,511.43B 42,361.43B 44,458.51B 49,048.90B 43,674.27B
Total liabilities 4,226.14B 24,047.49B 23,352.80B 23,897.65B 21,125.33B
Total equity 5,283.06B 16,501.67B 18,301.58B 22,556.75B 19,946.59B
Operating cash flow 143,113.87M -62,347.86M 1,355.39B 1,312.43B 1,678.37B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 4,872.96M 11,790.62M 24,222.49M 25,898.96M 28,309.97M
Gross Profit 1,481.10M 1,769.46M 2,587.24M 3,010.46M 3,479.62M
Operating income 202.73M 36.03M 140.47M 751.90M 965.39M
Income before tax 139.52M 2,579.75M 140.20M 729.76M 2,165.10M
Net income 87.54M 2,426.93M 92.53M 565.93M 1,556.34M
EBITDA 339.34M 284.34M 571.12M 1,176.48M 1,386.21M
Diluted EPS -0.20 18.23 0.55 3.43 9.43
Dividends Per Share 0 0.44 0.47 1.76 1.81
Total Assets 8,653.44M 36,127.60M 36,809.49M 45,816.54M 39,141.66M
Total liabilities 3,844.91M 20,508.71M 19,334.99M 22,322.77M 18,932.90M
Total equity 4,806.49M 14,073.32M 15,152.82M 21,070.24M 17,876.49M
Operating cash flow 135.95M -55.08M 1,168.25M 1,160.92M 1,525.07M

Valuation Measures

Dec 2018
PER10.15
ROA3.69%
ROE8.05%
Operating margin3.41%
Profit margin5.49%

Key executives

  • Executive Chairman & President: Chi-Hun Choi
  • Co-President, Co-CEO & Director: Young-Ho Lee
  • Co-CEO, Director & Vice President: Keum-Yong Chung
  • Co-President, Co-CEO & Director: Jung-Suk Koh
  • Chief Financial Officer & Managing Director: Hyung-Wook Woo

Shareholders

  • LEE JAE-YONG /CHEIL INDUSTRIES/ (17.2%)
  • Samsung C&T Corp. (13.8%)
  • KCC Corp. (8.9%)
  • National Pension Service of Korea (6.9%)
  • LEE BU-JIN (5.5%)
  • LEE SEO-HYUN (5.5%)
  • LEE KUN HEE (2.8%)
  • The Vanguard Group, Inc. (1.2%)
  • Samsung Asset Management Co., Ltd. (1.0%)
  • Samsung Life Public Welfare Foundation (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

Related Companies

  • S&G Biofuel Pte Ltd.
  • Samsung Network China, Inc.
  • Samsung C&T Engineering & Construction Group
  • Veselinovo Energy Ltd.
  • Solar Park EOOD
  • C&T Corp. (Vietnam)
  • Samsung C&T India Pvt Ltd.
  • Samsung C&T Taiwan Corp.
  • Samsung C&T Japan Corp.
  • Samsung C&T Corp. India Pvt Ltd.
  • Samsung C&T Corp. China RHQ
  • Samsung C&T (Thailand) Co. Ltd.
  • Samsung C&T ECUK Ltd.
  • Samsung C&t Corp. Esoa
  • Samsung C&T Corp. /Seoul/
  • PLL Holdings LLC
  • Corephotonics Ltd.
  • Samsung C&T Deutschland GmbH
  • Samsung C&T Hongkong Ltd.
  • Samsung C&T America, Inc.
  • Otelinox SA

Competitors

  • Hanjin Heavy Industries & Construction Holdings Co., Ltd.
  • Dongbu Corporation
  • KCC Engineering & Construction Co., Ltd
  • Hanjin Heavy Industries & Construction Co., Ltd
  • Kye-Ryong Construction Industrial Co., Ltd.
  • Kumho Industrial Co., Ltd.
  • Seohee Construction Co., Ltd.
  • Wonpung Mulsan Co., Ltd.
  • iMarket Korea, Inc.
  • Infraestructura Energetica Nova SAB de CV
  • Interpark Holdings Corporation
  • Rechi Precision Co. Ltd.
Last Updated on 16 Oct, 2019

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