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[Alpha Biz=(Chicago) Reporter Kim Jisun] According to the Korea Exchange on the 6th, EcoProBM shares have jumped about 23% over the past six months. In particular, it jumped 15% on the previous day (4th) alone on the news that it would supply 44 trillion won worth of bipolar materials to Samsung SDI for five years.
EcoproBM is trading at 314,500 won, down 2.6% from the previous trading day, as of 2:07 p.m. on the 5th. EcoproBM's target stock price consensus is 293,640,000 won, which is 7.2% higher than the current share price.
On the other hand, Samsung SDI shares have fallen about 38% over the past six months. As of 2:07 p.m. on the 5th, it is trading at 444,500 won, up 1.1 percent from the previous trading day. The target stock price of Samsung SDI Securities Co. is KRW 745,238, with the current stock price falling below 40%.
Stock markets say the fall is excessive considering Samsung SDI's performance despite the slump in secondary batteries. Samsung SDI posted sales of 5.95 trillion won and operating profit of 496 billion won in the third quarter, up 11 percent from a year earlier. Sales of medium and large batteries for EVs rose 7% QoQ and operating profit ratio improved 1.8%p.
Samsung SDI shares have reached historic lows due to a series of declines. According to financial information provider FnGuide, Samsung SDI 12-month leading PER is about 14 times and PBR is 1.84 times. Another battery cell company, LG Energy Solution, has a 12-month lead PER of 37 times and PBR of 5.37 times.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
