Interactive Kiosk & Digital Signage€¦ · • Summary valuation and operating metrics for a...
Transcript of Interactive Kiosk & Digital Signage€¦ · • Summary valuation and operating metrics for a...
Sectorwatch:Interactive Kiosk & Digital SignageMay 2018
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Interactive Kiosk & Digital SignageMay 2018
Sector Dashboard [4]
Public Basket Performance [5]
Operational Metrics [7]
Valuation Comparison [10]
Recent Deals [13]
Appendix [14]
7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. Alldata cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7MSecurities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated asconfidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.
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Overview
7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. We publish our sectorwatch, a review of M&A and operational trends in the industries we focus.
Dashboard• Summary metrics on the sector
• Commentary on market momentum by
comparing the most recent 12-month
performance against the last 3-year
averages.
Public Basket Performance• Summary valuation and operating metrics for
a basket of comparable public companies
Valuation Comparison• Graphical, detailed comparison of valuation
multiples for the public basket
Recent Deals• The most recently announced deals in the
sector
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Dashboard
Operating Metrics
Valuation
Revenue Growth Momentum
0.06 1 - year revenue growth compared to revenue growth
average for last 3 years
Pricing / Gross Margin Momentum
-0.4% 1 - year gross profit % compared to gross profit %
average for last 3 years
Profitability Momentum
0.9% 1 - year EBITDA % compared to EBITDA % average for
last 3 years
Current revenue growth rate exceeds the average of the last 3 years by this
amount, indicating that market momentum is increasing
Current gross profit margin is less than the average of the last 3 years gross
profit margins, indicating customer pricing power
Current EBITDA margin exceeds the average of the last 3 years EBITDA margin
by this amount, a condition that may attract new entrants
6.9%
10.2%
25.0%
0% 7% 14% 21% 28%
Median LTM Rev. Growth %
Median LTM EBITDA Margin %
Median LTM GP Margin %
0.7x
7.1x
11.1x
15.3x
0x 3x 6x 9x 12x 15x 18x
Median TEV / LTM Revenue
Median TEV / LTM EBITDA
Median TEV / LTM EBIT
Median Price / LTM Earnings
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Public Basket
Company TEV $mLTM Rev
$m
Rev Growth
YoY GP %EBITDA
%TEV / Rev X
TEV / EBITDA
X # FTEsRev / FTE $k
Diebold Nixdorf, Incorporated 2,928 4,571 17% 23% 7% 0.6 9.0 23,000 199
NCR Corporation 6,864 6,555 0% 29% 14% 1.1 7.5 34,000 193
Flex Ltd. 8,697 25,441 7% 7% 4% 0.3 7.9 200,000 127
LG Display Co., Ltd. 10,455 24,873 -4% 16% 16% 0.4 2.7 - NA
Sharp Corporation 16,174 22,855 0% 17% 7% 0.7 10.8 - NA
Panasonic Corporation 35,680 69,548 7% 30% 8% 0.5 6.5 257,533 270
Sony Corporation 66,177 80,448 12% 27% 13% 0.9 6.6 - NA
Samsung Electronics Co., Ltd. 262,005 235,123 23% 47% 33% 1.1 3.4 - NA
Average 51,123 58,677 8% 24% 13% 0.7 6.8 64,317 197
Median 13,315 25,157 7% 25% 10% 0.7 7.1 11,500 196
share price as of 03May18
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Public Basket Valuation Trends
Public EBITDA Multiples over Time
Public Revenue Multiples over Time
6.4x
0.6x
0x
1x
2x
3x
4x
5x
6x
7x
8x
9x
Au
g-1
3
No
v-1
3
Feb
-14
May
-14
Au
g-1
4
No
v-1
4
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
TEV/EBITDA - Median TEV/Revenue - Median
TEV/EBITDA - Average TEV/Revenue - Average
0x
0x
0x
1x
1x
1x
Au
g-1
3
No
v-1
3
Feb
-14
May
-14
Au
g-1
4
No
v-1
4
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
TEV/Revenue - Median TEV/Revenue - Average
0x
2x
4x
6x
8x
10x
Au
g-1
3
No
v-1
3
Feb
-14
May
-14
Au
g-1
4
No
v-1
4
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
TEV/EBITDA - Median TEV/EBITDA - Average
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Operational Metrics
LTM Gross Profit Margin % LTM EBITDA %
- 10% 20% 30% 40%
Median
Flex Ltd.
Sharp Corporation
Diebold Nixdorf,Incorporated
Panasonic Corporation
Sony Corporation
NCR Corporation
LG Display Co., Ltd.
Samsung Electronics Co.,Ltd.
- 20% 40% 60%
Median
Flex Ltd.
LG Display Co., Ltd.
Sharp Corporation
Diebold Nixdorf, Incorporated
Sony Corporation
NCR Corporation
Panasonic Corporation
Samsung Electronics Co., Ltd.
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Operational Metrics
LTM Revenue Growth %LTM Revenue per
Full Time Employee x 000’s
(10%) - 10% 20% 30%
Median
LG Display Co., Ltd.
NCR Corporation
Flex Ltd.
Panasonic Corporation
Sony Corporation
Diebold Nixdorf, Incorporated
Samsung Electronics Co., Ltd.
$- $100 $200 $300
Median
Flex Ltd.
NCR Corporation
Diebold Nixdorf, Incorporated
Panasonic Corporation
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Operational Metrics
Accounts Receivable TurnoverAverage Days
Sales Outstanding
0x 2x 4x 6x 8x 10x
Median
NCR Corporation
Diebold Nixdorf,Incorporated
Sharp Corporation
Sony Corporation
Panasonic Corporation
Samsung Electronics Co.,Ltd.
Flex Ltd.
0x 20x 40x 60x 80x
Median
Flex Ltd.
Samsung Electronics Co.,Ltd.
Panasonic Corporation
Sony Corporation
Sharp Corporation
Diebold Nixdorf,Incorporated
NCR Corporation
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Valuation
TEV / LTM Revenue TEV / LTM EBITDA
0.0x 0.5x 1.0x 1.5x
Median
Flex Ltd.
LG Display Co., Ltd.
Panasonic Corporation
Diebold Nixdorf,Incorporated
Sharp Corporation
Sony Corporation
NCR Corporation
Samsung Electronics Co.,Ltd.
0x 5x 10x 15x
Median
LG Display Co., Ltd.
Samsung Electronics Co.,Ltd.
Panasonic Corporation
Sony Corporation
NCR Corporation
Flex Ltd.
Diebold Nixdorf,Incorporated
Sharp Corporation
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Valuation
TEV / LTM EBIT Price / LTM Earnings
0x 10x 20x 30x 40x
Median
Samsung Electronics Co.,Ltd.
LG Display Co., Ltd.
NCR Corporation
Sony Corporation
Panasonic Corporation
Flex Ltd.
Sharp Corporation
Diebold Nixdorf,Incorporated
0x 10x 20x 30x 40x 50x
Median
LG Display Co., Ltd.
Samsung Electronics Co.,Ltd.
Sony Corporation
Flex Ltd.
Panasonic Corporation
NCR Corporation
Sharp Corporation
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Valuation
Historical Valuation Multiples versus Gross Profit
Historical Valuation Multiples versus Revenue Growth Rate
3x 3x 6x 7x 7x 8x 9x 11x
16.1%
46.7%
29.8% 27.1%
28.7%
6.5%
23.0%
16.7%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0x
2x
4x
6x
8x
10x
12x
LTM
GP
%
EBIT
DA
(x)
EBITDA(x) LTM GP%
3x 3x 6x 7x 7x 8x 9x 11x
(4.3%)
23.2%
7.2%
12.4%
(0.3%)
6.6%
16.9%
-
-10%
-5%
0%
5%
10%
15%
20%
25%
0x
2x
4x
6x
8x
10x
12x
LTM
RG
R%
EBIT
DA
(x)
EBITDA(x) LTM RGR%
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Recent TransactionsDate Target Buyer / Investor
Total Transaction
Value Target
Revenue TEV /
Revenue TEV /
EBITDA
12Feb18 Scala, Inc. Stratacache, Inc. - - - -
6Feb18 ComQi Holdings Limited AU Optronics Corp. 28.00 - - -
20Jul17 Pixel Inspiration Holdings Limited Bunzl plc - 9.10 - -
5Jul17 Pursuant Health, Inc. - - - - -
4Jul17 Télécom Santé SAS Unexo; Generis Capital Partners; Télécom Technologies Transfert, SAS, SCR; Kreizig Invest; Breizh Up SAS; Crédit Agricole Ille et Vilaine Expansion
9.08 - - -
30Jun17 Medip inc. FreeBit Co., Ltd. 0.09 0.31 0.3x -
9Jun17 Seasam Digital Oy ZetaDisplay AB 5.05 3.88 1.3x -
9Jun17 CITECH Co., Ltd. Gemini Investment Corporation 2.62 17.18 - -
19Apr17 Smart RX Systems, Inc. - 1.00 0.18 - -
13Apr17 Mood Media Corporation Apollo Global Management, LLC; GSO Capital Partners LP; Arbiter Partners Capital Management, LLC
646.58 464.18 1.3x 8.0x
11Apr17 ENOVAX Pte. Ltd. PUC Founder (MSC) Berhad (nka:PUC Berhad) 1.43 - - -
6Apr17 Blendle B.V. Nikkei Inc.; INKEF Capital - - - -
5Apr17 Caldera Dover Corporation 37.32 11.73 3.2x -
24Mar17 Nelito Systems Limited DTS Corporation 1.30 11.18 0.5x -
9Mar17 Partner Tech Corp Qisda Corporation 42.56 64.99 1.3x 20.5x
3Feb17 Revel Systems, Inc. Welsh, Carson, Anderson & Stowe - - - -
3Feb17 Phoenix Kiosk Inc. and Digital On-Demand, Inc.
Slabb, Inc. - - - -
9Jan17 Real Digital Media, LLC Stratacache, Inc. - - - -
22Dec16 SignOnSite Pty Ltd. Proto Investment Partners Pty Ltd; Sydney Angels Sidecar Fund 0.43 - - -
29Nov16 CDE Software LLC QubicaAMF Worldwide, LLC - - - -
14Nov16 Medium (UK) Ltd. DCC Technology Limited 10.33 39.84 0.3x -
31Oct16 SD Concept GmbH Betterspace GmbH - - - -
26Oct16 iSIGN Media Solutions Inc. - 0.17 0.08 - -
5Oct16 Coadunatio Limited Virtual Jukebox Ltd. - - - -
2Sep16 Télécom Santé SAS - 4.46 - - -
3Aug16 365 Retail Markets, LLC McCarthy Partners Management, LLC; Mccarthy Capital Fund VI, L.P. - - - -
24Aug16 Accushield LLC - 1.40 - - -
22Aug16 ProntoTV AS ZetaDisplay AB 12.15 6.16 2.0x 8.6x
15Aug16 Scala, Inc. Stratacache, Inc. - - - -
3Aug16 Hyundai IBT Co., Ltd. IBK Capital Corporation; NH Investment & Securities Co., Ltd., Investment Arm; Hyundai Savings Bank Co., Ltd.; Golden Bridge Investment & Securities Co., Ltd, Investment Arm; LIG Investment & Securities Co., Ltd., Investment Arm
7.19 29.31 - -
29Jul16 Shenzhen Protruly Electronics Co., Ltd. Jiangsu Protruly Vision Technology Group Co., Ltd. 238.67 - - -
25Jul16 Zignage LLC - 0.19 - - -
21Jul16 Anode, Inc., FireSign Industry Weapon, Inc. - - - -
4Jul16 Merac Ltd K3 Business Technology Group plc 1.93 1.65 1.2x -
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APPENDIX:
Public Basket
Constituents
7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. Alldata cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7MSecurities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated asconfidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.
Interactive Kiosk & Digital SignageMay 2018
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Public Basket
Diebold Nixdorf, Incorporated
Diebold Nixdorf, Incorporated provides connected commerce
solutions to financial institutions and retailers in North America,
the Asia Pacific, Europe, the Middle East, Africa, and Latin
America. The company operates in three segments: Services,
Software, and Systems. The Services segment provides product-
related services, such as first and second line maintenance,
preventive maintenance, and on-demand services; and managed
and outsourcing services, including store lifecycle management,
self-service fleet management, branch lifecycle management,
automated teller machine (ATM) as-a-service, and managed
mobility services, as well as cash management services. This
segment offers services to ATMs, point of sale (POS) terminals,
self-checkout systems (SCO), and other distributed assets. The
Software segment provides front-end applications for consumer
connection points; and back-end platforms that manage channel
transactions, operations, and integration. Its products include
Vynamic Engage, a cloud-based software-as-a-service solution
that enables a 360-degree view of customer behavior at various
touchpoints; Diebold Nixdorf, Incorporated was founded in 1859
and is based in North Canton, Ohio.
Date Key Development Headline6/28/17 Cennox Plc acquired legacy Diebold U.K. and Ireland business
from Diebold Nixdorf, Incorporated (NYSE:DBD).
0.0x
0.6x
1.2x
1.8x
2.4x
3.0x
Revenue Multiples - Diebold Nixdorf,
Incorporated
TEV/Revenue Average
0x
7x
14x
21x
28x
35x
EBITDA Multiples - Diebold Nixdorf,
Incorporated
TEV/EBITDA Average
0x
30x
60x
90x
120x
P/E Multiples - Diebold Nixdorf,
Incorporated
P/E Average
16
Public Basket
NCR Corporation
NCR Corporation provides omni-channel technology solutions
that enable businesses connect, interact, and transact with their
customers worldwide. The company’s Software segment offers
industry-based software platforms and applications and
application suites for the financial services, retail, hospitality, and
small business industries; and cash management software,
video banking software, fraud and loss prevention applications,
check and document imaging, remote-deposit capture, and
customer-facing mobile and digital banking applications for the
financial services industry. It also provides electronic and mobile
payment solutions, sector-specific point of sale (POS) software
applications, and back-office inventory, and store and restaurant
management applications for the retail and hospitality industries;
and software support and maintenance, and consulting and
implementation services for its software solutions. The company
was founded in 1884 and is headquartered in Atlanta, Georgia.
Date Key Development Headline12/20/17 Turbon AG (DB:TUR), in conjunction with two former long term
NCR Executives, Shankar Ganapathi and Simon McCouaig,
acquired Middle East and Africa operation of Interactive Printer
Solutions division of NCR Corporation (NYSE:NCR).
11/15/17 NCR Corporation Announces a Strategic Integration with Monkey
5/22/17 NCR Corporation Seeks Acquisitions
0.0x
0.5x
1.0x
1.5x
2.0x
Revenue Multiples - NCR Corporation
TEV/Revenue Average
0x
5x
10x
15x
20x
25x
30xEBITDA Multiples - NCR Corporation
TEV/EBITDA Average
0x
15x
30x
45x
60xP/E Multiples - NCR Corporation
P/E Average
17
Public Basket
Flex Ltd.
Flex Ltd. provides design, engineering, manufacturing, and
supply chain services and solutions to original equipment
manufacturers worldwide. It offers innovation services, such as
innovations labs for supporting customer design and product
development services from early concept stages; collective
innovation platform, an ecosystem of technology solutions; Lab
IX, a startup accelerator program; centers of excellence solutions
in critical areas; interconnect technology center for printed
circuits; and CloudLabs that enables customers to accelerate a
spectrum of cloud, converged infrastructure, and datacenter
strategies. The company also provides design and engineering
services, including contract design and joint development
manufacturing services, which cover various technical
competencies, such as system architecture, user interface and
industrial design, mechanical engineering, technology, enclosure
systems, thermal and tooling design, electronic system design,
reliability and failure analysis, and component level development
engineering; and systems assembly and manufacturing services.
Flex Ltd. was founded in 1990 and is based in Singapore.
Date Key Development Headline7/27/17 i.am.plus electronics, inc. acquired Wink, Inc. from Flex Ltd.
(NasdaqGS:FLEX).
5/16/17 Flex Enters into Joint Development and Licensing Agreement with
Caruma Technologies, Inc
0.0x
0.1x
0.2x
0.3x
0.4x
0.5x
0.6xRevenue Multiples - Flex Ltd.
TEV/Revenue Average
0x
3x
6x
9x
12x
15xEBITDA Multiples - Flex Ltd.
TEV/EBITDA Average
0x
8x
16x
24x
32x
40xP/E Multiples - Flex Ltd.
P/E Average
18
Public Basket
LG Display Co., Ltd.
LG Display Co., Ltd. manufactures and sells thin-film transistor
liquid crystal display and organic light-emitting diode (OLED)
technology-based display panels in the Republic of Korea,
China, Europe, rest of Asia, the United States, and
internationally. It offers various display panels primarily for use in
televisions, notebook computers, desktop monitors, tablet
computers, and mobile devices. The company also provides
panels for industrial and other applications, including
entertainment systems, automotive displays, portable navigation
devices, and medical diagnostic equipment. It serves end-brand
customers and their system integrators. The company was
formerly known as LG.Philips LCD Co., Ltd. and changed its
name to LG Display Co., Ltd. in February 2008. LG Display Co.,
Ltd. was founded in 1985 and is headquartered in Seoul, South
Korea.
Date Key Development Headline8/13/17 LG Display Co., Ltd. (KOSE:A034220) sold 23% stake in Narae
Nanotech Corporation.
5/14/17 An unknown buyer acquired 46% stake in New Optics Ltd. from
LG Display Co., Ltd. (KOSE:A034220).
0.0x
0.2x
0.4x
0.6x
0.8xRevenue Multiples - LG Display Co., Ltd.
TEV/Revenue Average
0x
1x
2x
3x
4x
5x
6xEBITDA Multiples - LG Display Co., Ltd.
TEV/EBITDA Average
0x
30x
60x
90x
120x
150x P/E Multiples - LG Display Co., Ltd.
P/E Average
19
Public Basket
Sharp Corporation
Sharp Corporation manufactures and sells electronic
communication equipment, electronic equipment, electronic
application equipment, and electronic components in Japan, The
Americas, Europe, China, and internationally. The company
operates through five segments: Consumer Electronics, Energy
Solutions, Business Solutions, Electronic Components and
Devices, and Display Devices. The Consumer Electronics
segment offers LCD color televisions, Blu-ray disc recorders,
mobile phones, tablet devices, electronic dictionaries,
calculators, facsimiles, telephones, refrigerators, superheated
steam ovens, microwave ovens, small cooking appliances, air
conditioners, washing machines, vacuum cleaners, air purifiers,
electric fans, dehumidifiers, humidifiers, electric heaters,
Plasmacluster ion generators, beauty appliances, and network
controlled units. The Energy Solutions provides solar cells and
storage batteries. Sharp Corporation was founded in 1912 and is
headquartered in Sakai, Japan.
Date Key Development Headline1/14/18 An unknown buyer completed the acquisition of 0.05% stake in
Sharp India Limited (BSE:523449) from Sharp Corporation
(TSE:6753).
12/22/17 An unknown buyer agreed to acquire 0.05% stake in Sharp India
Limited (BSE:523449) from Sharp Corporation (TSE:6753).
5/11/17 Sharp Corporation (TSE:6753) agreed to acquire 51% stake in
Saigon Stec Co., Ltd. from Sharp Takaya Electronic Industry Co.,
Ltd., for $3.1 million.
0.0x
0.3x
0.6x
0.9x
1.2x
1.5xRevenue Multiples - Sharp Corporation
TEV/Revenue Average
0x
15x
30x
45x
60x
75xEBITDA Multiples - Sharp Corporation
TEV/EBITDA Average
20
Public Basket
Panasonic Corporation
Panasonic Corporation, together with its subsidiaries, develops,
produces, sells, and services electrical and electronic products
under the Panasonic brand name worldwide. It operates through
Appliances, Eco Solutions, Connected Solutions, Automotive &
Industrial Systems, and Other segments. The Appliances
segment offers air conditioners, TVs, refrigerators, washing
machines, personal care products, microwave ovens, digital
cameras, home audio equipment, video equipment, fixed-
phones, vacuum cleaners, rice cookers, show cases,
compressors, fuel cells, etc. The Eco Solutions segment
provides lighting fixtures, lamps, wiring devices, solar
photovoltaic systems, water related products, interior and
exterior furnishing materials, ventilation and air conditioning
equipment, air purifiers, bicycles, nursing care related products,
etc. Panasonic Corporation was founded in 1918 and is
headquartered in Kadoma, Japan.
Date Key Development Headline4/1/18 Panasonic Corporation (TSE:6752) acquired Shiftall Inc. from
Cerevo Inc.
2/28/18 Panasonic Corporation and Scrum Ventures Announce a Joint
Venture to Foster Innovation
2/13/18 Panasonic and Trend Micro Partner to Develop Cyber Security
Solution
1/7/18 Cetus Technologies, Inc. acquired patent portfolio of Panasonic
Corporation (TSE:6752).
10/22/17 Panasonic Corporation (TSE:6752) acquired Arimo Inc.
0.0x
0.2x
0.4x
0.6x
0.8xRevenue Multiples - Panasonic Corporation
TEV/Revenue Average
0x
2x
4x
6x
8x
10xEBITDA Multiples - Panasonic Corporation
TEV/EBITDA Average
0x
50x
100x
150x
200x
250xP/E Multiples - Panasonic Corporation
P/E Average
21
Public Basket
Sony Corporation
Sony Corporation designs, develops, manufactures, and sells
electronic equipment, instruments, and devices for consumer,
professional, and industrial markets worldwide. It offers LCD
televisions, optical pickups, mobile phones, tablets, audio
equipment and video conference systems, batteries, broadcast
and professional-use video equipment, and DVD-
players/recorders; and Blu-ray Disc players and recorders,
ROMs, CDs, DVDs, and UMDs. The company also provides
Internet broadband network services to subscribers, as well as
creates and distributes content through its portal services to
various electronics product platforms, such as PCs and mobile
phones; and interchangeable lens cameras, compact digital
cameras, and consumer and professional video cameras, as well
as display products comprising projectors and medical
equipment. Sony Corporation was founded in 1946 and is
headquartered in Tokyo, Japan.
Date Key Development Headline10/14/17 Murata Manufacturing Co., Ltd. (TSE:6981) agreed to acquire a
plant in Nomi Ishikawa from Sony Corporation (TSE:6758).
8/31/17 Murata Manufacturing Co., Ltd. (TSE:6981) completed the
acquisition of Tohoku Murata Manufacturing Co., Ltd. from Sony
Corporation (TSE:6758).
0.0x
0.3x
0.6x
0.9x
1.2xRevenue Multiples - Sony Corporation
TEV/Revenue Average
0x
3x
6x
9x
12x
15xEBITDA Multiples - Sony Corporation
TEV/EBITDA Average
0x
20x
40x
60x
80x
100xP/E Multiples - Sony Corporation
P/E Average
22
Public Basket
Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd., together with its subsidiaries,
engages in the consumer electronics, information technology
and mobile communications, and device solutions businesses
worldwide. It offers digital TVs, monitors, and printers; mobile
phones, smartphones, tablets, wearables, other phones,
accessories, communication systems, and computers; memory
and system LSI products; LCD and OLED panels; audio
equipment, such as home entertainment systems, soundbars,
sound towers, digital components, Blu-Ray and DVD players,
and multimedia speakers; and solid state drives (SSD), portable
SSDs, and memory cards. Samsung Electronics Co., Ltd. was
founded in 1938 and is based in Suwon, South Korea.
Date Key Development Headline3/8/18 Royal Philips and Samsung Electronics Co. Ltd. Announces
Strategic Partnership to Connected Health Ecosystem
2/20/18 National Instruments Corporation Announces Plans to
Collaborate with Samsung Electronics Co., Ltd. to Develop 5G
Test UEs for 5G New Radio
12/12/17 Renovo and Samsung Electronics Co., Ltd. to Develop Highly
Automated Vehicle Technology
12/1/17 Samsung Electronics Co., Ltd. (KOSE : A005930) Seeks
Acquisitions
11/27/17 Samsung Electronics Co., Ltd. (KOSE:A005930) acquired Fluenty
Inc.
0.0x
0.5x
1.0x
1.5x
2.0x
Revenue Multiples - Samsung Electronics
Co., Ltd.
TEV/Revenue Average
0x
2x
4x
6x
8x
EBITDA Multiples - Samsung Electronics
Co., Ltd.
TEV/EBITDA Average
0x
5x
10x
15x
20x
P/E Multiples - Samsung Electronics Co.,
Ltd.
P/E Average
23
Contact Information7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally.
We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close-
knit team with a long history together and a laser focus on our target markets, we help our clients sell their
companies, raise capital, grow through acquisitions, and evaluate new markets. Securities offered through 7M
Securities LLC.
Leroy Davis, Partner 704.899.5962 [email protected]
Tripp Davis, Partner 704.899.5762 [email protected]
Andy Johnston, Partner 704.899.5961 [email protected]
Tom Dinnegan, Managing Director 310. 426.2410 [email protected]
Ben Lunka, Managing Director 704.496.2995 [email protected]
Jeff Stoecklein, Managing Director 312.373.3737 [email protected]
Kristina Sergueeva, Director 704.899.5149 [email protected]
Neil Churman, Director 704.899.5960 x 121 [email protected]
John Cooper, Director 704.973.3996 [email protected]
Tim Frye, Director 704.973.3994 [email protected]
Casey Augustine, Business Development - Manager 704.973.3999 [email protected]
Nicholas Prendergast, Financial Analyst 704.899.5960 [email protected]
Ariail Siggins, Marketing Director 704.899.5960 x 123 [email protected]
Sydney Larese, Associate 704.899.5960 [email protected]
Marty Johnson, Associate 704.899.5960 [email protected]
Rory Julyan, Associate 704.899.5960 [email protected]
Chevonese Dacres, Analyst 360.499.1502 [email protected]