Earnings Alerts

Samsung C&T (028260) Earnings: 2Q Operating Profit Surpasses Estimates with 900.37 Billion Won

  • Operating Profit: Samsung C&T‘s operating profit for Q2 2024 was 900.37 billion won, beating the estimate of 801.74 billion won.
  • Net Profit: The net profit for the same period was 576.54 billion won, slightly below the estimate of 618.4 billion won.
  • Sales: Total sales were recorded at 11.00 trillion won.
  • Analyst Ratings: There are currently 16 buy ratings, 2 hold ratings, and no sell ratings for the company.

Samsung C&T on Smartkarma

Analysts on Smartkarma are bullish on Samsung C&T, with Sanghyun Park pointing out the potential restructuring involving Samsung C&T and Samsung SDS. Park emphasizes the importance of maximizing Lee Jae-yong’s dividend income and the strategic merger of Samsung C&T and Samsung SDS’s BPO division. Additionally, he suggests targeting likely appraisal rights for C&T in this setup.

Meanwhile, Douglas Kim discusses regulatory changes impacting Korean companies, such as the restrictions on allocation of treasury shares post spin-offs. Kim also looks into broader corporate governance issues in Korea, highlighting the return of Lee Seo-Hyun as the President of Samsung C&T, prompting questions from investors on her ability to make strategic decisions beneficial for all stakeholders.


A look at Samsung C&T Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analyzing the Smartkarma Smart Scores for Samsung C&T, the company shows a positive long-term outlook. With strong scores in Value, Growth, Resilience, and Momentum, Samsung C&T demonstrates a well-rounded performance across various factors. The company’s diversified business support services, including clothing retail, construction, energy, real estate, food service, and resort accommodations, provide a solid foundation for future growth and stability.

Additionally, Samsung C&T‘s focus on maintaining a competitive edge in value, growth potential, and overall resilience in the face of market fluctuations positions the company favorably for sustained success. Despite a slightly lower score in Dividend and Momentum, Samsung C&T‘s overall strong performance across key areas indicates a promising trajectory for the company in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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