Category: EV & Battery

Brokerage : Kiwoom Securities Analyst : Jun-soo Kwon Investment Rating : BUY (Maintain) Target Price : KRW 430,000 (Raised) Core Momentum : Supported by 4Q25 results meeting consensus and passing an earnings trough, rapid SPE line conversions for North American LFP ESS contracts and intact timelines for 2H27 all-solid-state battery mass production underpin long-term growth….

Read More “[Research] Samsung SDI (006400) – Kiwoom Securities | Near-Term Sluggishness but Intact Momentum · 4Q26 Turnaround · Solid-State Pipeline / 2026-02-03” »

Brokerage : iM Securities Analyst : Won-seok Jung, Jung-ha Park (RA) Investment Rating : Buy (Maintain) Target Price : KRW 450,000 (Raised) Core Momentum : Building on 4Q25 loss narrowing via client compensation and US ESS ramp-up, rapid growth in North American ESS output (~8x YoY) and US regulatory restrictions on Chinese ESS batteries drive…

Read More “[Research] Samsung SDI (006400) – iM Securities | US ESS Market Share Gains · Mid-Term ESS OP of KRW 1.4T · 4Q Loss Narrowing / 2026-02-03” »

Brokerage : IBK Securities Analyst : Hyun-wook Lee Investment Rating : BUY (Maintained) Target Price : KRW 410,000 (Raised) Core Momentum : Supported by 4Q25 results meeting consensus led by ESS growth, aggressive EV-to-ESS line reallocations at the North American SPE fab (3 out of 4 lines converted to ESS) and projected FY26 AMPC credits…

Read More “[Research] Samsung SDI (006400) – IBK Securities | Accelerating North American ESS Conversions · FY26 AMPC KRW 359B · 4Q In Line / 2026-02-03” »

Brokerage : Shinhan Securities Analyst : Jin-myung Lee, Myung-joo Kim Investment Rating : BUY (Maintained) Target Price : KRW 395,000 (Raised) Core Momentum : Supported by 4Q25 results meeting consensus via one-off gains and solid ESS performance, strong ESS revenue growth (+55% YoY in 2026) is projected backed by US capacity additions as the sole…

Read More “[Research] Samsung SDI (006400) – Shinhan Securities | Expanding North American ESS Momentum · Sole Non-China Prismatic Maker · 4Q In Line / 2026-02-03” »

Brokerage : SK Securities Analyst : Hyung-wou Park Investment Rating : BUY (Maintained) Target Price : KRW 450,000 (Raised) Core Momentum : Confirming an earnings bottom supported by 4Q25 client compensation and favorable base effects, seeking early utilization recovery via capacity rationalization alongside downside support from an attractive P/B (1.0x) and solid financial health. 📊…

Read More “[Research] Samsung SDI (006400/KS) – SK Securities | Prominent Base Effects · Conservative CapEx Management · Compelling Valuation / 2026-02-03” »

Brokerage : Mirae Asset Securities Analyst : Chul-joong Kim, Min-hui Kang Investment Rating : BUY (Maintained) Target Price : KRW 500,000 (Raised) Core Momentum : Estimated finalization of large-scale prismatic LFP ESS supply for global leader Customer T, unlocking investment capacity via SDC asset utilization for financing, and narrowing EV operating losses through line restructuring….

Read More “[Research] Samsung SDI (006400) – Mirae Asset Securities | Commencing Customer T ESS Business (Estimated) · SDC Asset Utilization · Valuation Gap Narrowing / 2026-02-03” »

Brokerage : Hana Securities Analyst : Hyun-soo Kim, Ji-won Hong (RA) Investment Rating : BUY (Upgraded) Target Price : KRW 420,000 (Raised) Core Momentum : Following substantial loss narrowing in 4Q25, a stepwise reduction in quarterly operating losses supported by rising ESS AMPC credits and robust cylindrical BBU shipments underpins a projected 4Q26 profit turnaround….

Read More “[Research] Samsung SDI (006400) – Hana Securities | Stepwise Loss Reduction · Strong ESS BBU Shipments · 4Q26 Turnaround / 2026-02-03” »

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : Buy (Maintained) Target Price : KRW 420,000 (Raised) Core Momentum : Following a 4Q25 consensus beat, full-year 2026 operating losses are projected to narrow significantly, while 2027 solid-state battery development and ongoing partnership exploration with robotics makers provide downside support. 📊 1. [Valuation &…

Read More “[Research] Samsung SDI (006400) – Kyobo Securities | Gradual Loss Narrowing · Solid-State Battery Development Pipeline · Robotics Partnerships / 2026-02-03” »

Brokerage : DS Investment & Securities Analyst : Tae-yong Choi Investment Rating : BUY (Maintained) Target Price : KRW 450,000 (Raised) Core Momentum : Building on 4Q25 results meeting consensus, strong AI data center ESS growth (+50% YoY) and the startup of North American LFP lines underpin a projected 4Q26 operating profit turnaround, alongside medium-term…

Read More “[Research] Samsung SDI (006400) – DS Investment & Securities | ESS Revenue Surge · 4Q26 Turnaround · Physical AI Expansion with 46-Series & All-Solid-State / 2026-02-03” »

Brokerage : Hanwha Investment & Securities Analyst : Yong-wook Lee, Ye-jin Go (RA) Investment Rating : Buy (Maintained) Target Price : KRW 430,000 (Raised) Core Momentum : Passing an operational trough following 4Q25 earnings resilience, supported by rapid growth in US ESS shipments (+70–80% YoY) and 4Q26 North American LFP production maximizing AMPC credits toward…

Read More “[Research] Samsung SDI (006400) – Hanwha Investment & Securities | US ESS Surges · 4Q LFP Ramp-Up · Cyclical Bottom Passed / 2026-02-03” »