Earnings Alerts

Samsung SDI (006400) Earnings: 2Q Net Beats Estimates Despite Yearly Declines

  • Net Income: Samsung SDI‘s net income for Q2 is 322.99 billion won.
  • Year-over-Year Change: Net income decreased by 30% compared to the same period last year.
  • Exceeded Estimates: The net income was higher than the estimated 276.61 billion won.
  • Operating Profit: The company reported an operating profit of 280.22 billion won.
  • Year-over-Year Decline: Operating profit saw a decline of 38% from the previous year.
  • Sales Revenue: Sales revenue for the quarter was 4.45 trillion won.
  • Decrease in Sales: Sales decreased by 24% year-over-year.
  • Market Reaction: Samsung SDI‘s shares rose by 2.2%, reaching 0.34 million won.
  • Trading Volume: A total of 84,925 shares were traded.
  • Stock Ratings: The company’s stock has 30 buy ratings, 2 hold ratings, and 1 sell rating.

Samsung SDI on Smartkarma

Analysts on Smartkarma have expressed mixed sentiments regarding Samsung SDI. In a recent report by Tech Supply Chain Tracker on 6th May 2024, the headline highlighted Samsung SDI‘s increased investments despite a weak first quarter in 2024. The report mentions Samsung SDI‘s confidence in future growth and innovation, along with UnaBiz making advancements in energy efficiency for devices. Questions on China’s semiconductor subsidies and Sharp’s potential display plant in India were also raised.

Another analyst, Henry Soediarko, shared a bearish outlook on Samsung SDI in a separate report. Noting that Samsung SDI is a key beneficiary of EU subsidies for electric vehicles, the report suggests that the company has been impacted recently, warranting caution until a positive catalyst emerges. With no clear uptrend in valuation and lacking positive triggers, the report advises staying away from Samsung SDI until a potential tariff change in Chinese electric vehicles could potentially boost the company’s share price.


A look at Samsung SDI Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
Momentum2
OVERALL SMART SCORE3.0

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

Samsung SDI‘s long-term outlook appears promising based on the Smartkarma Smart Scores. With a high growth score of 5, the company is positioned for strong future expansion. Samsung SDI‘s emphasis on innovation and forward-looking strategies is reflected in this positive rating. Additionally, its resilience score of 3 indicates a stable foundation to weather market fluctuations, further enhancing its long-term potential.

Despite facing some challenges in other areas, such as value and dividend scores of 3 and 2 respectively, Samsung SDI‘s focus on growth and adaptability sets a solid foundation for sustained success in the long run. With a diversified product portfolio including lithium-ion batteries, CRTs, LCD components, rechargeable batteries, and solar panels, the company demonstrates versatility and readiness to capitalize on future technological advancements.

In summary, Samsung SDI‘s core expertise in Lithium Ion Battery (LIB) technology, combined with its broad range of products catering to various industries, positions it well for long-term growth and resilience in the dynamic market landscape.


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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