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Photo = Samsung Electro-Mechanics |
[Alpha Biz= Kim Sangjin] Samsung Electro-Mechanics' portfolio transformation over the past three years is anticipated to yield visible results starting next year, improving the company's performance. Analysts predict an increase in orders as the company diversifies its revenue base from smartphones to sectors like automotive electronics, artificial intelligence (AI), and robotics.
In a Thursday report, Daishin Securities stated, "Over the past month, Samsung Electro-Mechanics' stock price has risen by 14.5%, showcasing a differentiated trend compared to major semiconductor and IT companies," adding, "We maintain Samsung Electro-Mechanics as our top pick for the first half of next year."
Focusing on key business segments, the company is advancing collaborations in its camera module division with global humanoid robotics firms. Researcher Park noted, "The likelihood of supplying camera modules to a U.S. humanoid robotics company has increased recently," and added, "The company is also believed to be preparing for strategic collaboration with Tesla in its humanoid robotics sector."
Daishin Securities highlighted growth potential in the MLCC (Multilayer Ceramic Capacitor) and FC-BGA (Flip Chip Ball Grid Array) businesses, driven by AI-related revenues. The report stated, "AI-related sales are expected to fully materialize in 2025, with the FC-BGA business projected to grow 34.2% year-on-year."
Additionally, the report mentioned that if China's domestic stimulus measures boost IT device production in 2025, MLCC demand would also rise. It added, "In the global MLCC market, where Japanese companies focus on automotive applications, Samsung Electro-Mechanics is also increasing its share in automotive and industrial applications."
The company's financial outlook is promising. Analyst Park projected, "This year, revenue is expected to exceed 10 trillion KRW for the first time. By next year, revenue is forecasted at 10.7 trillion KRW, with operating profit expected to increase by 18.8% year-on-year to 901 billion KRW."
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
