The Rise and Fall of Samsung's Market Value Over the Last Decade

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Erlina Fury Santika 08/07/2024 12:52 WIB

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Samsung's market capitalization reached US$407.59 billion on Monday afternoon, July 8, 2024. It now faces challenges including demands for wage increases and additional leave from its employees.

Samsung's Average Annual Market Capitalization (2010-2024)*

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The Rise and Fall of Samsung's Market Value Over the Last Decade

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Samsung's Average Annual Market Capitalization (2010-2024)*

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Data Companies Market Cap shows that the market capitalization of the tech giant, Samsung, reached US$407.59 billion or Rp6,623 trillion (assuming an exchange rate of Rp16,251 per US$) on Monday afternoon (8/7/2024). This value is up 1.5% year-on-year (YoY).

Throughout 2023, Samsung's average market value reached US$401.54 billion or Rp6,525 trillion. This figure surged 37% from the 2022 market value of US$293 billion or Rp4,761 trillion.

Annually, Samsung's market value has fluctuated over the past decade. In 2010, its value was only US$109.32 billion or Rp1,776 trillion. Its market value increased but experienced consecutive declines from 2013 to 2015, as shown in the graph.

Samsung achieved its highest market value in 2020, at US$500.83 billion or Rp8,138 trillion.

(See also: 10 Stocks with the Largest Market Cap at the Beginning of July 2024)

Samsung's revenue was recorded at US$201.06 billion or Rp3,267 trillion in the first quarter of 2024. Companies Market Cap states that Samsung's revenue slumped in 2023, with a value of US$196.77 billion or Rp3,197 trillion.

Its net profit was recorded at US$12.66 billion or Rp205.73 trillion at the beginning of 2024. In 2023, its net profit was only US$8.34 billion or Rp135.53 trillion.

Currently, South Korea-based Samsung Electronics is facing a three-day mass strike by its workers. According to Reuters, the strike and demonstrations demand better wages and an additional day of leave for workers in the National Samsung Electronics Union (NSEU).

The NSEU has approximately 30,000 members, comprising about 24% of the entire workforce in South Korea. The union previously held its first strike last June.

(See also: Samsung Galaxy S24, the Best-Selling GenAI Smartphone Globally at the Beginning of 2024)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."