[Click eStock] "Hansol Logistics, Samsung SDI Secondary Battery Logistics Dedicated Co-Growth"

[Asia Economy Reporter Hyungsoo Park] Research Alom on the 5th expected Hansol Logistics to achieve additional growth due to the increase in Samsung SDI's medium and large secondary battery logistics volume. It estimated this year's expected earnings per share (EPS) at 438 won and suggested a fair stock price of 4,400 won. It applied the average price-earnings ratio (PER) of 10 times for domestic distribution companies.

Choi Seonghwan, senior researcher at Research Alom, explained, "Hansol Logistics is the company responsible for Samsung SDI logistics and has jointly entered China and Hungary." Hansol Logistics is responsible for more than 90% of Samsung SDI's logistics in China. Samsung SDI's Chinese subsidiaries produce and sell IT materials and products, secondary batteries, and more.

While Samsung SDI's Chinese subsidiary sales grew at an average annual rate of 13.9% from 2018 to 2020, Hansol Logistics' Chinese subsidiary sales also increased at an average annual rate of 17.2%.

Researcher Choi stated, "Since the end of last year, Samsung SDI has been making an additional investment of 1.2 trillion won in its Hungary plant," and "Hansol Logistics' Hungarian subsidiary is expected to oversee Samsung SDI's logistics for Europe."

Hansol Logistics established a new subsidiary in Hungary in January 2019. As Eastern Europe has emerged as a foothold for domestic battery companies' entry into Europe, there are expectations for a corporate revaluation of Hansol Logistics, which is responsible for Samsung SDI's logistics.

This content was produced with the assistance of AI translation services.