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You're reading an earlier report from Oct 22, 2026. See the latest report

Samsung E&A · 028050 · Engineering services

Samsung E&A: Q3 Operating Profit Up 183.6% and ₩780.0B Buyback Announced

Why this report

Written after:

Samsung E&A reported preliminary Q3 2026 operating profit of ₩500.6B, up 183.6% from a year earlier, and on the same day approved a ₩780.0B share buyback, mostly for cancellation. Together they ease the earnings-lag concern in our earlier report and add a shareholder-return element, though cash flow and backlog questions remain open.

Written Oct 22, 2026 · Data as of Oct 21, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

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What happened

On 2026-10-22 the company filed preliminary consolidated results for July to September 2026. Revenue was ₩2.91T, up 45.8% year on year and 11.5% on the prior quarter. Operating profit was ₩500.6B, up 183.6% year on year and 83.3% on the quarter, against ₩176.5B a year earlier. Net profit was ₩216.7B, up 37.7% year on year; profit attributable to owners was ₩218.2B, up 53.8%. Pre-tax profit rose only 59.7% to ₩298.7B, well below the operating profit growth, and the filing excerpt does not explain the gap. For the nine months, revenue was ₩7.79T (up 24.2%) and operating profit ₩961.9B (up 86.9%). The figures are preliminary and may differ from final numbers.

The board also approved a buyback of up to ₩780.0B (16,352,201 common shares at the ₩47,700 close of 2026-10-21), equal to 8.3% of market value. Purchases are on-market from 2026-10-23 to 2027-01-22, with a daily limit of 1,635,220 shares. ₩90B is for employee bonuses and stock compensation. The remaining ₩690B is for shareholder value and is to be cancelled: 14,465,408 shares, 7.4% of market value. That would cut issued shares from 196.0M to 181.5M with no change in capital. The company held no treasury shares before this. The filing shows a distributable-profit limit of about ₩1.97T for buybacks. Actual share counts will change with the share price, and no cancellation date is set.

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Model estimate of fair value

Bear
₩45,714
-26%
Base
₩63,992
+4%
Bull
₩93,035
+51%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 8.5%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 23, 2026Update noteBig price moveSamsung E&A shares jump 31.3% in five days after Q3 profit surge and buyback news
  2. Oct 22, 2026Update noteBuyback / dividend / value-up · EarningsSamsung E&A: Q3 Operating Profit Up 183.6% and ₩780.0B Buyback Announced
  3. Oct 13, 2026InitiationSamsung E&A: Shares Up Sharply Over a Year as Earnings Soften and Multiples Expand

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information