Samsung Securities삼성증권

Samsung Securities is profitable and trades at a low multiple, but its shares have fallen sharply over the past three months.

Samsung Securities reported trailing twelve-month operating income of ₩2.0T and net income of ₩1.5T to H1 2026, with ROE of 18.3%. The share price closed at ₩76,300 on 26 October 2026, down 24.8% over three months and 16.2% over one month, though still 1.5% lower over one year. Revenue and margin figures are not available in the data.

What stands out

• Trailing net income of ₩1.5T compares with ₩1.0T for 2025 and ₩899B for 2024, based on the figures provided.
• Valuation is low at a P/E of 4.7 and P/B of 0.8, with a dividend yield of 5.2%, in line with listed securities peers.
• Free cash flow is reported at -₩7.4T on a trailing basis, and borrowings are ₩3.2T against cash of ₩2.9T; liabilities are 11.3 times equity.
• The share price is far below its 52-week high of ₩163,000 and sits near its 52-week low of ₩71,300.
• Recent filings are mostly securities issuance reports, prospectuses and shelf registration documents, and news coverage centres on research notes and an AI-themed promotion.

What to watch

• Whether the share price holds near its 52-week low after the recent decline.
• Foreign investors were net sellers over the last 20 days, while institutions were net buyers; the data does not explain why.
• The trailing free cash flow deficit and high leverage are worth checking against the next filed financial statements, which are not in the data.