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Samsung group's IT services arm, providing systems integration, cloud and logistics/supply-chain IT for group affiliates and external clients.
Samsung group's IT services arm, providing systems integration, cloud and logistics/supply-chain IT for group affiliates and external clients.
Earns from IT contracts with Samsung group companies, which supply most revenue, and from freight forwarding through its logistics arm, which has a large share of sales at low margins. Samsung Electronics and other Samsung affiliates are its largest shareholders.
In one line: Korea's Accenture/IBM Global Services, tied closely to Samsung group IT spend..
Moat: narrow (installed base, switching costs). Captive IT-services provider to Samsung group with sticky, long-running systems contracts.
Headquarters: Seoul, South Korea · Founded: 1985 · Employees: 11,219
Size Samsung Sds (018260.KS) is a South Korea Information Technology company (Information Technology Services) with a market value of $12.4B, the 35th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩218,000 on 6 Nov 2026.
Performance Over six months the shares gained 31.2%, against +26.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 2.5% over the last twelve months (peer median +13.3%); the operating margin is 5.4% (peer median 12.5%).
Valuation It trades at 24.9× forward earnings against a peer median of 25.1× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.7 points below its cost of capital (8.3% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩14.4T | ₩13.9T | ₩13.8T | ₩13.3T | ₩17.2T |
| Revenue growth | — | +1% | +4% | -23% | — |
| Gross profit | n/a | ₩2.12T | ₩2.07T | ₩1.81T | ₩1.91T |
| EBITDA | n/a | ₩1.59T | ₩1.52T | ₩1.42T | ₩1.43T |
| Net income | ₩634B | ₩760B | ₩757B | ₩693B | ₩1.10T |
| Free cash flow | n/a | ₩888B | ₩763B | ₩1.01T | ₩698B |
| Capital expenditure | n/a | ₩359B | ₩527B | ₩480B | ₩653B |
| Total debt | n/a | ₩817B | ₩984B | ₩868B | ₩869B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Samsung Sds 018260.KS | $12.4B | +31% | +2% | 5% | 24.9× | 13.0% |
| LG Cns 064400.KS | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% |
| SK 034730.KS | $17.9B | +5% | +15% | 7% | 2.2× | n/a |
| Accenture ACN | $154B | +44% | +6% | 15% | 17.8× | 3.7% |
| IBM IBM | $232B | +6% | +7% | 21% | 18.8× | 7.6% |
| Tata Consultancy Services TCS.NS | $95.7B | +4% | +10% | 25% | 16.2× | 12.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 018260.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.3% | +11.1% | 10th lowest of 21 |
| 6-month return | +31.2% | +26.5% | 9th highest of 21 |
| Distance from 52-week high | -43.9% | -13.1% | 4th lowest of 21 |
| Revenue growth (TTM) | +2.5% | +13.3% | lowest of 21 |
| Operating margin | 5.4% | 12.5% | 3rd lowest of 21 |
| Forward P/E | 24.9× | 25.1× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 13.0% | 13.9% | 10th least demanding of 19 |
| Growth delivered (Del g) | +4.8% | +11.2% | 2nd lowest of 19 |
| Hurdle (Req g minus delivered) | +8.2 pp | -1.9 pp | 7th most demanding of 19 |
| ROIC minus cost of capital | -2.7 pp | +6.9 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Samsung Sds 018260.KS | South Korea | $12.4B | +31% | +2% | 5% | 24.9× | 13.0% | +4.8% |
| Ruijie Networks 301165.SZ | China | $11.7B | +6% | +30% | 5% | 48.3× | n/a | n/a |
| iflytek 002230.SZ | China | $13.2B | -20% | +11% | -4% | 106.3× | n/a | n/a |
| Guidewire Software GWRE | United States | $13.3B | +17% | +23% | 10% | 38.5× | 39.4% | +14.7% |
| Bentley Systems BSY | United States | $13.5B | +36% | +13% | 24% | 31.4× | 22.8% | +13.4% |
| CACI International CACI | United States | $13.6B | +27% | +10% | 10% | 17.6× | 7.3% | +9.6% |
| Indra Sistemas IDR.MC | Spain | $11.2B | +12% | +28% | 10% | 19.7× | 4.2% | +12.4% |
| Persistent Systems PERSISTENT.NS | India | $10.6B | +21% | +27% | 16% | 43.9× | 37.4% | +28.6% |
| Coforge COFORGE.NS | India | $9.71B | +62% | +41% | 16% | 35.2× | 34.6% | +28.6% |
| OBIC 4684.T | Japan | $16.6B | +46% | +13% | 67% | 30.3× | 4.6% | +10.0% |
| CGI GIB-A.TO | Canada | $17.2B | +27% | +6% | 17% | 12.2× | -12.0% | +5.5% |
| Otsuka 4768.T | Japan | $8.63B | +24% | +9% | 7% | 20.1× | -5.6% | +9.6% |
| EPAM Systems EPAM | United States | $8.22B | +61% | +11% | 10% | 11.3× | 9.4% | +15.5% |
| AppFolio APPF | United States | $8.18B | +39% | +20% | 19% | 28.9× | 18.5% | +25.1% |
| Tech Mahindra TECHM.NS | India | $19.0B | +26% | +14% | 14% | 23.9× | 20.3% | +8.5% |
| CDW CDW | United States | $19.6B | +51% | +11% | 7% | 12.9× | 2.6% | +4.0% |
| Nomura Research Institute 4307.T | Japan | $20.2B | +40% | +8% | 19% | 26.4× | 0.7% | +8.2% |
| Wipro WIPRO.NS | India | $20.7B | 0% | +8% | 16% | 14.9× | 9.0% | +8.4% |
| Rubrik RBRK | United States | $21.9B | +70% | +42% | -18% | 215.0× | 36.2% | +27.7% |
| Viavi Solutions VIAV | United States | $7.00B | -44% | +40% | 11% | 14.0× | 32.7% | +4.8% |
| Credo Technology CRDO | United States | $22.7B | -36% | +165% | 32% | 16.5× | 47.4% | +86.8% |