- Impressive Net Profit: Samsung Fire reported a net profit of 611.44 billion won for the second quarter, surpassing the estimated 567.91 billion won.
- Strong Operating Profit: The company achieved an operating profit of 782.27 billion won in the same period.
- Significant Sales: Samsung Fire’s sales amounted to 5.53 trillion won for the second quarter.
- Positive Analyst Ratings: The stock has received 19 buy ratings, 2 hold ratings, and no sell ratings.
A look at Samsung Fire & Marine Insurance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
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
Based on Smartkarma Smart Scores, Samsung Fire & Marine Insurance is positioned for a positive long-term outlook. With high scores in Dividend and Momentum, the company demonstrates strong potential for steady returns and market performance. Additionally, solid scores in Value, Growth, and Resilience indicate a well-rounded profile in terms of financial health and growth prospects. Samsung Fire & Marine Insurance‘s diverse range of insurance products and services, catering to areas such as auto, fire, marine, casualty, health, leisure, and retirement, further strengthens its position in the market.
Overall, Samsung Fire & Marine Insurance‘s combination of high scores across key factors bodes well for its future performance. By focusing on maintaining strong dividends, sustaining growth, building resilience, and capitalizing on market momentum, the company is strategically positioned to navigate the insurance landscape successfully and deliver value to its customers. With a solid foundation in providing insurance services in South Korea, Samsung Fire & Marine Insurance stands out as a promising player in the industry with a positive outlook for the long term.
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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