Independent equity research
Is Samsung Electronics Co., Ltd. (005930) a Buy, Hold or Sell?
Samsung Electronics Co., Ltd. — our independent, AI-built valuation and rating, in brief.
BUY (accumulate)
12-mo fair value
₩350,000
To fair value
+35%
By · report dated 2026-08-21 · fair value derived independently of the market price.
The thesis, in brief
Samsung's memory profit is being converted from spot-cycle earnings into five-year contracted volume with price floors on 60-70% of capacity, so the 2028 down-leg will be shallower than the 4.0x 2027E P/E implies; falsified if contracted ASPs reset below the floors
How we value it
We value Samsung Electronics Co., Ltd. using 10-yr DCF on owner FCF, WACC 12.5%, g 2.0%; cross-check 11x normalised EPS. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalized EPS
- Returns on capital (ROIC vs WACC)
- Balance-sheet safety
- Two independent valuations (DCF + multiples)
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full Samsung Electronics Co., Ltd. report
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