Report
Dan Baker
EUR 147.86 For Business Accounts Only

Samsung Electronics Exploding Battery Short-Term Negative but Limited Valuation Impact

We make no changes to our KRW 1.5 million Samsung Electronics fair value following the company announcement on 2 September that it had decided to recall all Galaxy Note 7s shipped thus far due to some device batteries catching fire while charging. Our no-moat rating is also unchanged. Consumers will reportedly be able to either exchange devices or obtain a refund, with the company saying battery cells are behind the problem. Only one of two Note 7 batteries suppliers appears at fault (accounting...
Underlying
Samsung Electronics Co. Ltd.

Samsung Electronics is engaged in the manufacture and sale of electronic goods, communication products, semiconductors, telecommunication equipment, home appliances and other similar products. Co.'s products are mobile phones, MP3 Players, DVD players, video equipment, including Blu-Ray, TVs and VCRs; household appliances, including microwave ovens, refrigerators, home air conditioners, washing machines, ultrasonic humidifiers, dehumidifiers, vacuum cleaners and other small electrical goods; audio equipment, including semiconductors, information systems, and computers; miscellaneous parts; other products, including automatic vending machines, refrigerated display cases and electric tools.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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