Major Estimate Revision • May 06
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥32.6b to CN¥30.8b. EPS estimate also fell from CN¥3.87 per share to CN¥3.27 per share. Net income forecast to grow 22% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥131. Share price was steady at CN¥101 over the past week. Reported Earnings • Apr 30
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: CN¥0.41 (down from CN¥0.72 in 1Q 2025). Revenue: CN¥6.41b (flat on 1Q 2025). Net income: CN¥502.9m (down 42% from 1Q 2025). Profit margin: 7.8% (down from 13% in 1Q 2025). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 17
Price target decreased by 7.2% to CN¥133 Down from CN¥143, the current price target is an average from 19 analysts. New target price is 43% above last closing price of CN¥93.04. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥3.87 for next year compared to CN¥3.37 last year. Announcement • Apr 16
OmniVision Integrated Circuits Group, Inc., Annual General Meeting, May 07, 2026 OmniVision Integrated Circuits Group, Inc., Annual General Meeting, May 07, 2026, at 14:00 China Standard Time. Location: No. 88, Shangke Road, Pudong New Area, Shanghai China Price Target Changed • Apr 07
Price target decreased by 11% to CN¥143 Down from CN¥161, the current price target is an average from 19 analysts. New target price is 58% above last closing price of CN¥90.82. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥4.06 for next year compared to CN¥3.37 last year. Announcement • Apr 05
OmniVision Integrated Circuits Group, Inc. (SHSE:603501) announces an Equity Buyback. OmniVision Integrated Circuits Group, Inc. (SHSE:603501) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its A shares. The shares will be repurchased at no more than CNY 100 per share. The purchased shares will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded from company's Own Funds. The program will be valid for 3 months from the Company's Directorate's Approval Date. Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥3.37 (up from CN¥2.77 in FY 2024). Revenue: CN¥28.9b (up 12% from FY 2024). Net income: CN¥4.05b (up 22% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 8.7%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 30
OmniVision Integrated Circuits Group, Inc. to Report Q1, 2026 Results on Apr 30, 2026 OmniVision Integrated Circuits Group, Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Jan 08
OmniVision Integrated Circuits Group, Inc. has completed a Follow-on Equity Offering in the amount of HKD 4.79984 billion. OmniVision Integrated Circuits Group, Inc. has completed a Follow-on Equity Offering in the amount of HKD 4.79984 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 4,580,000
Price\Range: HKD 104.8
Discount Per Security: HKD 0.6288
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,479,800
Price\Range: HKD 104.8
Discount Per Security: HKD 0.6288
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,740,200
Price\Range: HKD 104.8
Discount Per Security: HKD 0.6288
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Announcement • Dec 31
OmniVision Integrated Circuits Group, Inc. has filed a Follow-on Equity Offering in the amount of HKD 4.79984 billion. OmniVision Integrated Circuits Group, Inc. has filed a Follow-on Equity Offering in the amount of HKD 4.79984 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 4,580,000
Price(maximum): HKD 104.8
Discount Per Security: HKD 0.6288
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,479,800
Price(maximum): HKD 104.8
Discount Per Security: HKD 0.6288
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,740,200
Price(maximum): HKD 104.8
Discount Per Security: HKD 0.6288
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering New Risk • Dec 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Dec 26
OmniVision Integrated Circuits Group, Inc. to Report Fiscal Year 2025 Results on Mar 31, 2026 OmniVision Integrated Circuits Group, Inc. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.98 (up from CN¥0.84 in 3Q 2024). Revenue: CN¥7.83b (up 15% from 3Q 2024). Net income: CN¥1.18b (up 17% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 7.0%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
OmniVision Integrated Circuits Group, Inc. to Report Q3, 2025 Results on Oct 31, 2025 OmniVision Integrated Circuits Group, Inc. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: CN¥0.97 (up from CN¥0.68 in 2Q 2024). Revenue: CN¥7.48b (up 16% from 2Q 2024). Net income: CN¥1.16b (up 44% from 2Q 2024). Profit margin: 16% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 5.6%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 30
Dividend of CN¥0.22 announced Shareholders will receive a dividend of CN¥0.22. Ex-date: 1st August 2025 Payment date: 1st August 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 45% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
OmniVision Integrated Circuits Group, Inc. to Report First Half, 2025 Results on Aug 30, 2025 OmniVision Integrated Circuits Group, Inc. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 24
OmniVision Integrated Circuits Group, Inc.(SHSE:603501) dropped from Shanghai Stock Exchange 180 Value Index Will Semiconductor Co., Ltd. has been removed from Shanghai Stock Exchange 180 Value Index . Announcement • May 19
Will Semiconductor Co., Ltd., Annual General Meeting, Jun 10, 2025 Will Semiconductor Co., Ltd., Annual General Meeting, Jun 10, 2025, at 10:00 China Standard Time. Location: No. 88, Shangke Road, Pudong New Area, Shanghai China Reported Earnings • Apr 16
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: CN¥2.77 (up from CN¥0.47 in FY 2023). Revenue: CN¥25.7b (up 22% from FY 2023). Net income: CN¥3.32b (up 498% from FY 2023). Profit margin: 13% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 28
Will Semiconductor Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Will Semiconductor Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥123, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥62.44 per share. Announcement • Dec 27
Will Semiconductor Co., Ltd. to Report Fiscal Year 2024 Results on Apr 16, 2025 Will Semiconductor Co., Ltd. announced that they will report fiscal year 2024 results on Apr 16, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.84 (vs CN¥0.18 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.84 (up from CN¥0.18 in 3Q 2023). Revenue: CN¥6.82b (up 9.5% from 3Q 2023). Net income: CN¥1.01b (up 368% from 3Q 2023). Profit margin: 15% (up from 3.5% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Will Semiconductor Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Will Semiconductor Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥98.01, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.29 per share. Reported Earnings • Aug 20
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.68 (up from CN¥0.039 loss in 2Q 2023). Revenue: CN¥6.45b (up 43% from 2Q 2023). Net income: CN¥809.2m (up CN¥855.0m from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 09
Dividend of CN¥0.14 announced Shareholders will receive a dividend of CN¥0.14. Ex-date: 13th August 2024 Payment date: 13th August 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 3%. Announcement • Jun 28
Will Semiconductor Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Will Semiconductor Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Announcement • Jun 06
Will Semiconductor Co., Ltd., Annual General Meeting, Jun 25, 2024 Will Semiconductor Co., Ltd., Annual General Meeting, Jun 25, 2024, at 14:00 China Standard Time. Location: No. 88, Shangke Road, Pudong New Area, Shanghai China Reported Earnings • Apr 28
First quarter 2024 earnings: EPS in line with expectations, revenues disappoint First quarter 2024 results: EPS: CN¥0.46 (up from CN¥0.17 in 1Q 2023). Revenue: CN¥5.64b (up 30% from 1Q 2023). Net income: CN¥557.8m (up 181% from 1Q 2023). Profit margin: 9.9% (up from 4.6% in 1Q 2023). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Will Semiconductor Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Will Semiconductor Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Jan 26
Will Semiconductor Co., Ltd. (SHSE:603501) announces an Equity Buyback for CNY 1,200 million worth of its shares. Will Semiconductor Co., Ltd. (SHSE:603501) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 97 per share. The repurchased shares are intended to be used to safeguard the company's value and shareholders' rights. The source of funds for the repurchases is the company's own funds. The repurchase program is valid till February 29, 2024. Announcement • Dec 30
Will Semiconductor Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Will Semiconductor Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.10 loss in 3Q 2022). Revenue: CN¥6.22b (up 44% from 3Q 2022). Net income: CN¥215.3m (up CN¥335.3m from 3Q 2022). Profit margin: 3.5% (up from net loss in 3Q 2022). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Aug 17
Will Semiconductor Co., Ltd. (SHSE:603501) announces an Equity Buyback for CNY 1,000 million worth of its shares. Will Semiconductor Co., Ltd. (SHSE:603501) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. The repurchase program is valid till September 28. 2023. Reported Earnings • Aug 15
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: CN¥0.039 loss per share (down from CN¥1.17 profit in 2Q 2022). Revenue: CN¥4.52b (down 18% from 2Q 2022). Net loss: CN¥45.7m (down 103% from profit in 2Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Will Semiconductor Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Will Semiconductor Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Price Target Changed • Apr 17
Price target increased by 8.2% to CN¥115 Up from CN¥107, the current price target is an average from 19 analysts. New target price is 11% above last closing price of CN¥104. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥1.96 for next year compared to CN¥0.84 last year. Major Estimate Revision • Apr 14
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥25.2b to CN¥24.2b. EPS estimate also fell from CN¥3.08 per share to CN¥1.92 per share. Net income forecast to grow 129% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥107 to CN¥111. Share price rose 2.6% to CN¥106 over the past week. Reported Earnings • Apr 08
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.84 (down from CN¥3.82 in FY 2021). Revenue: CN¥20.1b (down 17% from FY 2021). Net income: CN¥990.1m (down 78% from FY 2021). Profit margin: 4.9% (down from 19% in FY 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥97.45, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.99 per share. Major Estimate Revision • Jan 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥2.35 to CN¥2.06 per share. Revenue forecast steady at CN¥21.2b. Net income forecast to grow 8.8% next year vs 42% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥106 to CN¥104. Share price rose 11% to CN¥93.18 over the past week. Major Estimate Revision • Jan 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥2.49 to CN¥2.19 per share. Revenue forecast steady at CN¥21.3b. Net income forecast to grow 19% next year vs 42% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥106. Share price rose 8.8% to CN¥93.00 over the past week. Major Estimate Revision • Nov 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥2.22 to CN¥2.57. Revenue forecast unchanged at CN¥20.7b. Net income forecast to grow 19% next year vs 49% growth forecast for Semiconductor industry in China. Consensus price target of CN¥106 unchanged from last update. Share price was steady at CN¥81.29 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Haifeng Wang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 04
Consensus revenue estimates fall by 14% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥24.2b to CN¥20.7b. EPS estimate fell from CN¥3.71 to CN¥2.13 per share. Net income forecast to grow 29% next year vs 52% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥145 to CN¥115. Share price rose 11% to CN¥79.35 over the past week. Price Target Changed • Nov 01
Price target decreased to CN¥131 Down from CN¥145, the current price target is an average from 19 analysts. New target price is 71% above last closing price of CN¥76.84. Stock is down 63% over the past year. The company is forecast to post earnings per share of CN¥2.03 for next year compared to CN¥3.82 last year. Reported Earnings • Oct 30
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: CN¥0.10 loss per share (down from CN¥1.09 profit in 3Q 2021). Revenue: CN¥4.31b (down 27% from 3Q 2021). Net loss: CN¥120.0m (down 109% from profit in 3Q 2021). Revenue missed analyst estimates by 28%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be CN¥94.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 67%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Announcement • Oct 11
Will Semiconductor Co., Ltd. (SHSE:603501) announces an Equity Buyback for CNY 600 million worth of its shares. Will Semiconductor Co., Ltd. (SHSE:603501) )] announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its shares. Buying Opportunity • Sep 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 67%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Price Target Changed • Aug 18
Price target decreased to CN¥162 Down from CN¥175, the current price target is an average from 23 analysts. New target price is 50% above last closing price of CN¥108. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥3.86 for next year compared to CN¥3.82 last year. Major Estimate Revision • Aug 15
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥28.4b to CN¥25.5b. EPS estimate fell from CN¥4.38 to CN¥3.94 per share. Net income forecast to grow 17% next year vs 52% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥176 to CN¥166. Share price fell 5.0% to CN¥108 over the past week. Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: CN¥1.17 (up from CN¥1.03 in 2Q 2021). Revenue: CN¥5.53b (down 11% from 2Q 2021). Net income: CN¥1.37b (up 14% from 2Q 2021). Profit margin: 25% (up from 19% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 41%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 08
Now 22% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be CN¥145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 77%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥172, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 344% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥114 per share. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥1.03 (down from CN¥1.20 in 1Q 2021). Revenue: CN¥5.54b (down 11% from 1Q 2021). Net income: CN¥896.2m (down 14% from 1Q 2021). Profit margin: 16% (in line with 1Q 2021). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 31%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 21
Price target decreased to CN¥297 Down from CN¥327, the current price target is an average from 23 analysts. New target price is 91% above last closing price of CN¥155. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥6.29 for next year compared to CN¥5.16 last year. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥5.16 (up from CN¥3.21 in FY 2020). Revenue: CN¥24.1b (up 22% from FY 2020). Net income: CN¥4.48b (up 65% from FY 2020). Profit margin: 19% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 22%, compared to a 47% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥287, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% per annum over the last 3 years. Earnings per share has grown by 94% per annum over the last 3 years. Buying Opportunity • Feb 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% per annum over the last 3 years. Earnings per share has grown by 94% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥310, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 51x in the Semiconductor industry in China. Total returns to shareholders of 787% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥228 per share. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥1.47 (vs CN¥0.64 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥5.87b (down 1.0% from 3Q 2020). Net income: CN¥1.27b (up 73% from 3Q 2020). Profit margin: 22% (up from 12% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥1.39 (vs CN¥0.67 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥6.24b (up 48% from 2Q 2020). Net income: CN¥1.20b (up 121% from 2Q 2020). Profit margin: 19% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Jul 07
Will Semiconductor Co., Ltd. (SHSE:603501) agreed to acquire remaining 30% Stake in Creative Legend Investments Ltd for $54.4 million. Will Semiconductor Co., Ltd. (SHSE:603501) agreed to acquire remaining 30% Stake in Creative Legend Investments Ltd for $54.4 million on July 5, 2021. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥3.21 (vs CN¥0.76 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥19.8b (up 45% from FY 2019). Net income: CN¥2.71b (up 484% from FY 2019). Profit margin: 14% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year and the company’s share price has also increased by 91% per year. Is New 90 Day High Low • Jan 22
New 90-day high: CN¥323 The company is up 87% from its price of CN¥172 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥163 per share. Price Target Changed • Jan 18
Price target raised to CN¥281 Up from CN¥262, the current price target is an average from 12 analysts. The new target price is 11% below the current share price of CN¥315. As of last close, the stock is up 67% over the past year. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥253 The company is up 43% from its price of CN¥177 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥128 per share. Valuation Update With 7 Day Price Move • Nov 16
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥200, the stock is trading at a trailing P/E ratio of 69.8x, down from the previous P/E ratio of 83.6x. This compares to an average P/E of 75x in the Semiconductor industry in China. Total returns to shareholders over the past three years are 419%. Major Estimate Revision • Nov 04
Analysts increase EPS estimates to CN¥2.88 The 2020 consensus revenue estimate increased from CN¥18.5b to CN¥19.9b. The earnings per share estimate also received an upgrade from CN¥2.54 to CN¥2.88 for the same period. Net income is expected to grow by 54% next year compared to 51% growth forecast for the Semiconductor industry in China. The consensus price target increased from CN¥234 to CN¥238. Share price is up 17% to CN¥211 over the past week. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 17% share price gain to CN¥211, the stock is trading at a trailing P/E ratio of 73.7x, up from the previous P/E ratio of 62.9x. This compares to an average P/E of 76x in the Semiconductor industry in China. Total returns to shareholders over the past three years are 491%. Is New 90 Day High Low • Nov 02
New 90-day high: CN¥218 The company is up 10.0% from its price of CN¥198 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥58.94 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 35% at CN¥5.93b. Earnings per share (EPS) also surpassed analyst estimates by 16% at CN¥0.64. Revenue is forecast to grow 26% over the next year, compared to a 37% growth forecast for the Semiconductor industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.05b, with earnings increasing by CN¥2.02b from the prior year. Total revenue was CN¥18.2b over the last 12 months, up 47% from the prior year. Announcement • Oct 27
Will Semiconductor Co., Ltd. to Report Q3, 2020 Results on Oct 29, 2020 Will Semiconductor Co., Ltd. announced that they will report Q3, 2020 results on Oct 29, 2020 Announcement • Jul 09
Will Semiconductor Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Will Semiconductor Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020