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Electronic Technology

Samsung SDI Co., Ltd.

Company Background

Samsung SDI is a South Korean electronic component maker that belongs to the Samsung Electronics group.

The world's largest supplier of lithium-ion batteries, it is locked in heavy competition with domestic and Japanese rivals in lithium-ion batteries for cell phones, cars and solar power plants.

The company was jointly established by the Samsung group and Japanese electronics maker NEC in 1970. It began as a manufacturer of picture tubes. The company has used its current name since 1999.

Samsung SDI manufactured organic light-emitting diode display panels and plasma panels by itself even after dissolving the joint venture with NEC. But it has since farmed out all display panel operations to other group companies.

The company now manufactures batteries, which account for roughly 50% of its sales, polarizing plates for liquid crystal display panels and materials for semiconductors and display panel.

It supplies most of its products to Samsung group companies.

Samsung SDI is the largest shareholder in trading house and construction company Samsung C&T. The leading shareholder in Samsung SDI is Samsung Electronics.

Market participants predict Samsung SDI will be included in the reorganization of group companies that the Samsung group is carrying out to streamline its complicated capital ties.

Business Summary

Samsung SDI Co., Ltd. engages in the manufacture and sale of secondary cells and plasma display panels. It operates in two business segments: Display segment and Energy segment. The Display segment is engaged in the manufacture of PDPs used in televisions, as well as operation of rental business. The Energy segment is engaged in the manufacture of batteries. The company was founded on January 20, 1970 and is headquartered in Yongin, South Korea.

Financial Highlights

Dec 2020 KRWUSD
Revenue11,294.77B9,572.74M
Gross Profit2,274.54B1,927.76M
Operating income671,510.01M569.13M
Income before tax510,700.42M432.83M
Net income574,723.49M487.10M
EBITDA1,754.81B1,487.27M
Diluted EPS8,594.307.28
Dividends Per Share1,0000.84
Total Assets21,534.23B19,823.46M
Total liabilities8,175.30B7,525.82M
Total equity12,977.61B11,946.62M
Operating cash flow1,942.04B1,645.95M
Currency in KRWCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 5,200.82B 6,346.60B 9,158.27B 10,097.42B 11,294.77B
Gross Profit 673,302.56M 1,078.22B 1,948.18B 2,123.07B 2,274.54B
Operating income -925,907.97M 117,145.86M 715,176.84M 462,047.49M 671,510.01M
Income before tax -820,693.89M 824,064.87M 1,036.23B 386,012.50M 510,700.42M
Net income -870,209.08M 657,236.34M 701,166.33M 356,548.86M 574,723.49M
EBITDA -478,330.42M 576,843.55M 1,297.23B 1,318.04B 1,754.81B
Diluted EPS -10,718 9,825 10,485 5,331.76 8,594.30
Dividends Per Share 1,000 1,000 1,000 1,000 1,000
Total Assets 14,900.31B 15,741.70B 19,349.72B 19,852.09B 21,534.23B
Total liabilities 3,936.20B 4,289.70B 7,124.50B 7,191.75B 8,175.30B
Total equity 10,722.13B 11,257.30B 11,934.02B 12,324.93B 12,977.61B
Operating cash flow -1,309.51B -250,114.33M 260,609.73M 921,960.96M 1,942.04B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 4,482.73M 5,613.93M 8,321.78M 8,658.51M 9,572.74M
Gross Profit 580.33M 953.75M 1,770.23M 1,820.52M 1,927.76M
Operating income -798.06M 103.62M 649.85M 396.20M 569.13M
Income before tax -707.37M 728.93M 941.58M 331.00M 432.83M
Net income -750.05M 581.36M 637.12M 305.73M 487.10M
EBITDA -412.28M 510.25M 1,178.74M 1,130.21M 1,487.27M
Diluted EPS -9.23 8.69 9.52 4.57 7.28
Dividends Per Share 0.86 0.88 0.90 0.85 0.84
Total Assets 12,336.73M 14,704.31M 17,341.56M 17,166.41M 19,823.46M
Total liabilities 3,258.98M 4,007.01M 6,385.10M 6,218.81M 7,525.82M
Total equity 8,877.40M 10,515.43M 10,695.48M 10,657.56M 11,946.62M
Operating cash flow -1,128.71M -221.24M 236.80M 790.57M 1,645.95M

Valuation Measures

Dec 2020
PER73.07
ROA2.77%
ROE4.54%
Operating margin5.94%
Profit margin5.08%

Key executives

  • President, Chief Executive Officer & Director: Young-Hyun Jun
  • Chief Financial Officer: Jong-sung Kim
  • Vice President & Head-Research Institute: Hyeok Jang
  • Managing Director & Head-Compliance Support: Yoon-Geun Kim
  • Vice President & Head-Strategic Marketing: Jung-Wook Kim

Shareholders

  • Samsung Electronics Co., Ltd. (19.5%)
  • National Pension Service of Korea (8.5%)
  • Samsung SDI Co., Ltd. (4.8%)
  • BlackRock Fund Advisors (1.9%)
  • The Vanguard Group, Inc. (1.9%)
  • Baillie Gifford & Co. (1.7%)
  • Samsung Asset Management Co., Ltd. (1.7%)
  • Canada Pension Plan Investment Board (1.6%)
  • Mirae Asset Global Investments Co., Ltd. (1.4%)
  • Schroder Investment Management Ltd. (1.2%)

Contact Details

Related Companies

  • SVIC 49 Fund
  • Samsung SDI China Co., Ltd.
  • Samsung SDI India Pvt Ltd.
  • Samsung SDI Energy Malaysia Sdn, Bhd.
  • Samsung SDI Europe GmbH
  • Samsung Instituto de Desenvolvimento para a Informatica
  • Samsung SDI Vietnam Co., Ltd.
  • Samsung SDI Battery Systems GmbH
  • Magna Steyr Battery Systems GmbH & Co. oG
  • Magna Steyr AG & Co. KG Battery Pack Bus/
  • Samsung SDI Chemicals & Electronic Materials, Inc.
  • Samsung SDI Mexico SA de CV
  • Samsung Electronics Co. Ltd. /Solar Cell Business/
  • Samsung SDI Hungary Ltd.
  • Samsung SDI (Malaysia) Sdn. Bhd.
  • Samsung SDI (Hong Kong) Ltd.
  • SB LiMotive Co., Ltd.
  • Samsung SDI America, Inc.
  • Samsung SDI Brasil Ltda.
  • Samsung SDI Co., Ltd. Employee Stock Ownership Association
  • EL Display Business of NEC Corp
  • Samsung Display SDI (IOB)

Competitors

  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • CHENG MEI MATERIALS TECHNOLOGY CORPORATION
  • Enovix Corporation
  • FREYR Battery
  • QuantumScape Corporation Class A
  • SYNergy ScienTech Corp.
  • Blivex Energy Technology Co., Ltd Class A
  • Universal Display Corporation
  • HAESUNG DS Co., Ltd.
  • Eternal Materials Co., Ltd.
  • Blackstone Resources AG
  • SolarEdge Technologies, Inc.
  • DuPont de Nemours, Inc.
  • Benq Materials Corporation
  • Elkem ASA
  • SEOWONINTECH Co., Ltd.
  • U.I. Display Co., Ltd.
Last Updated on 22 Oct, 2021

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