[Goldman Sachs Releases Research Report, Samsung Electronics' 2026 Shareholder Returns Expected to Fall Below Market Expectations]
According to Trend Research, Goldman Sachs' research report on August 23 indicated that Samsung Electronics' 2026 shareholder return pool is expected to range between 90 trillion and 110 trillion KRW, below the market expectation of 150 trillion KRW. Goldman Sachs maintains a 'Buy' rating with a target price of 490,000 KRW for common shares. Samsung Electronics plans to distribute approximately 30 trillion KRW in cash dividends in the third quarter, with the remaining portion to be executed after confirmation in the January 2027 financial report. Goldman Sachs estimates Samsung Electronics' cumulative FCF from 2024 to 2026 to be approximately 270 trillion KRW, with returns in 2026 around 106 trillion KRW. Goldman Sachs projects the return pool to increase to 179 trillion KRW in 2027 and 232 trillion KRW in 2028, and has raised its EPS forecasts for 2026 to 2028 by 1%, 7%, and 11%, respectively.