Montage Technology（688008）株式概要Montage Technology Co., Ltd.は集積回路設計会社で、中華人民共和国のクラウドコンピューティングとデータセンター市場向けにICソリューションを提供している。 詳細688008 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長6/6過去の実績5/6財務の健全性5/6配当金2/6報酬株価収益率（ 126.8 x）は、 Semiconductor業界平均（ 142.7 x）を下回っています。収益は年間27.81%増加すると予測されています 過去1年間で収益は49.2%増加しました リスク分析CN市場と比較して、過去 3 か月間の株価の変動が非常に大きいすべてのリスクチェックを見る688008 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW492,272 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG492,272 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥268.0628.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture018b2016201920222025202620282031Revenue CN¥18.4bEarnings CN¥8.3bAdvancedSet Fair ValueView all narrativesMontage Technology Co., Ltd. 競合他社GigaDevice SemiconductorSymbol: SHSE:603986Market cap: CN¥430.1bJCET GroupSymbol: SHSE:600584Market cap: CN¥180.9bBIWIN Storage TechnologySymbol: SHSE:688525Market cap: CN¥183.2bOmniVision Integrated Circuits GroupSymbol: SHSE:603501Market cap: CN¥127.6b価格と性能株価の高値、安値、推移の概要Montage Technology過去の株価現在の株価CN¥268.0652週高値CN¥332.9052週安値CN¥81.66ベータ1.481ヶ月の変化17.21%3ヶ月変化86.76%1年変化222.85%3年間の変化332.42%5年間の変化354.26%IPOからの変化318.97%最新ニュースお知らせ • Jun 30Montage Technology Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Montage Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026お知らせ • Jun 02Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026, at 15:00 China Standard Time. Location: 4F, Building 2, No. 1591, Hongqiao Road, Shanghai ChinaBoard Change • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ping Keung Ko was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 30Montage Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Montage Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Mar 18Montage Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026Montage Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026お知らせ • Feb 05Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion.Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 26,472,859 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 6,589,000 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 32,828,141 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offering最新情報をもっと見るRecent updatesお知らせ • Jun 30Montage Technology Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Montage Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026お知らせ • Jun 02Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026, at 15:00 China Standard Time. Location: 4F, Building 2, No. 1591, Hongqiao Road, Shanghai ChinaBoard Change • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ping Keung Ko was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 30Montage Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Montage Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Mar 18Montage Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026Montage Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026お知らせ • Feb 05Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion.Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 26,472,859 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 6,589,000 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 32,828,141 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offeringお知らせ • Jan 30Montage Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.042982 billion.Montage Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.042982 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 26,472,859 Price(maximum): HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 6,589,000 Price(maximum): HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 32,828,141 Price(maximum): HKD 106.89 Discount Per Security: HKD 0.694785 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offeringお知らせ • Jan 27Montage Technology Launches PCIe 6.x/CXL 3.x AEC Solution to Enable High-Efficiency Interconnects for Next-Generation Data CentersMontage Technology announced the launch of its high-performance PCIe 6.x/CXL 3.x-based Active Electrical Cable (AEC) solution. Designed to address the evolution of data center architectures from intra-rack to more complex inter-rack, the solution adopts Montage Technology's PCIe 6.x/C XL 3.x Retimer to deliver high-bandwidth, low-latency interconnects for the hyperscalers and high-performance server platforms. Driven by the rapid growth of artificial intelligence and cloud computing, the data center infrastructure is evolving toward distributed multi-rack architectures. As the core interconnect interface linking CPUs, GPUs, NICs, and high-speed storage, PCIe continues spanning from rack server to supernode. As a result, copper connections powered by AECs are critical for maintaining signal integrity with longer reach. Montage Technology's PCIe 6.'/CXL 3.x AEC solution leverages its in-house SerDes technology and innovative DSP architecture, as well as the high-density OSFP-XD form factor to support stable PCIe x16 connectivity. It also offers comprehensive link monitoring and diagnostic features, significantly enhancing system maintainability and deployment efficiency. Flexible configurations are available to accommodate diverse hyperscaler infrastructure topologies. Montage Technology has completed the development and system-level validation of the PCIe 6.x/CX 3.x AEC solution, jointly designed with leading cable manufacturers in China. The solution has successfully passed interoperability tests with CPUs, xPUs, PCIe switches, NICs, and other devices. It meets the stringent PCIe interconnect requirements driven by supernode architecture. Looking ahead, Montage Technology will continue expanding its high-speed interconnect product portfolio, including the PCIe 7.0 Retimer and Ethernet PHY Retimer, to deliver more comprehensive interconnect solutions to customers worldwide.お知らせ • Jun 24Montage Technology Co., Ltd.(SHSE:688008) dropped from Shanghai Stock Exchange 180 Value IndexMontage Technology Co., Ltd. has been removed form Shanghai Stock Exchange 180 Value Index .お知らせ • Apr 11Montage Technology Co., Ltd., Annual General Meeting, May 06, 2025Montage Technology Co., Ltd., Annual General Meeting, May 06, 2025, at 15:00 China Standard Time.お知らせ • Jan 24Montage Technology Delivers Gen2 MRCD & MDB Engineering Samples for DDR5 MRDIMMMontage Technology announced that it has successfully sampled its Gen2 Multiplexed Rank Registering Clock Driver (MRCD) and Multiplexed Rank Data Buffer (MDB) chipset to leading global memory manufacturers. Designed for DDR5 Multiplexed Rank DIMM (MRDIMM), this new chipset supports data rates up to 12800 MT/s, delivering exceptional memory performance for next-generation computing platforms. The release comes at a crucial time, as AI and big data analytics drive increasing demands for memory bandwidth in data centers. MRDIMM technology has emerged as a key solution to address this challenge, particularly as server processors continue to increase in core count. The innovative MRCD and MDB chips are fundamental to MRDIMM operation, featuring a "1+10" buffer architecture where each MRDIMM module incorporates one MRCD with ten MDB chips. In this configuration, the MRCD chip handles buffering and re-driving of address, command, clock, and control signals, while the MDB chips manage data traffic between the memory controller and DRAM chips. This architecture, coupled with double data rate and time-division multiplexing technology, enables simultaneous operation of two memory ranks at standard rates, effectively doubling data throughput. Montage Technology's Gen1 MRCD and MDB chipset, supporting speed up to 8,800 MT/s, has already secured volume purchases from major memory manufacturers. The new Gen2 engineering samples push performance boundaries further, achieving 12,800 MT/s -- a 45% improvement over the previous generation.お知らせ • Jan 22Montage Technology Samples PCIe 6.x/CXL 3.x Retimer ChipsMontage Technology announced the sampling of its PCIe 6.x/CXL 3.x Retimer -- M88RT61632, which is designed to enhance connectivity performance for demanding high-bandwidth applications such as AI and cloud computing. This milestone extends the company's PCIe product portfolio, building upon its successful PCIe 4.0 and PCIe 5.0/CXL 2.0 Retimer solutions. The PCIe 6.x/C XL 3.x Retimer delivers excellent performance with data rates up to 64GT/s, twice that of PCIe 5.0. Powered by Montage Technology's proprietary PAM4 SerDes IP, the chip achieves superior signal integrity with link budget up to 43dB while maintaining low latency. Its innovative DSP architecture effectively addresses PCIe 6.x system design challenges including crosstalk and signal reflection. In addition, the chip features advanced link training and enhanced telemetry, enabling comprehensive link monitoring and fault diagnostics for high-reliability AI cluster deployments. Compliant with PCIe 6.x and CXL 3.x specifications and utilizing a mainstream package, the Retimer has demonstrated robust interoperability with CPUs, test equipment, and endpoint devices, positioning itself for widespread deployment across cloud computing and data center infrastructures. Montage Technology has begun sampling its PCIe 6.x/CXL 3.x Retimer to customers and partners, accompanied by comprehensive technical support for key applications including AI servers, active electrical cables (AECs), and storage systems. The support package includes M88RT61632-based reference designs, evaluation boards and software tools, enabling customers to expedite their development cycles and product launches. As part of its strategic roadmap, Montage Technology is advancing the development of its PCIe 7.0 Retimer, reinforcing its leadership in next-generation interconnect solutions and expanding its diverse product offerings.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥78.11, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 4.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.65 per share.Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥905.9m (up 52% from 3Q 2023). Net income: CN¥384.9m (up 153% from 3Q 2023). Profit margin: 43% (up from 25% in 3Q 2023). Revenue is forecast to grow 39% 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 6% per year whereas the company’s share price has fallen by 2% per year.Buy Or Sell Opportunity • Oct 18Now 34% overvalued after recent price riseOver the last 90 days, the stock has risen 9.4% to CN¥68.95. The fair value is estimated to be CN¥51.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 133% in 2 years. Earnings are forecast to grow by 165% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥66.93, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥52.86 per share.New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Sep 30Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to CN¥66.88. The fair value is estimated to be CN¥51.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 133% in 2 years. Earnings are forecast to grow by 165% in the next 2 years.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥57.00, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 2.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.62 per share.Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.046 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.32 (up from CN¥0.046 in 2Q 2023). Revenue: CN¥927.7m (up 83% from 2Q 2023). Net income: CN¥369.7m (up 495% from 2Q 2023). Profit margin: 40% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 37% 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 9% per year whereas the company’s share price has fallen by 6% per year.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.02 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.02 in 1Q 2023). Revenue: CN¥737.3m (up 76% from 1Q 2023). Net income: CN¥223.4m (up CN¥203.7m from 1Q 2023). Profit margin: 30% (up from 4.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% 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 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 12Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥1.15 in FY 2022)Full year 2023 results: EPS: CN¥0.40 (down from CN¥1.15 in FY 2022). Revenue: CN¥2.29b (down 38% from FY 2022). Net income: CN¥450.9m (down 65% from FY 2022). Profit margin: 20% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% 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 11% per year and the company’s share price has also fallen by 11% per year.Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥1.15 in FY 2022)Full year 2023 results: EPS: CN¥0.40 (down from CN¥1.15 in FY 2022). Revenue: CN¥2.29b (down 38% from FY 2022). Net income: CN¥450.9m (down 65% from FY 2022). Profit margin: 20% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 39% 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 11% per year and the company’s share price has also fallen by 11% per year.お知らせ • Feb 08Montage Technology Co., Ltd. (SHSE:688008) announces an Equity Buyback for CNY 600 million worth of its shares.Montage Technology Co., Ltd. (SHSE:688008) announces a share repurchase program. Under the program, the company will up to CNY 600 million worth of its shares. The shares will be repurchased at no more than CNY 55 per share. The purpose of the program is to safeguard the company's value and shareholders' rights. The program will be funded from company's own funds or self-raised funds. The program will be valid for 3 months.お知らせ • Jan 05Montage Technology Introduces 4th-Gen DDR5 RCDs Enabling Data Rates up to 7200 MT/sMontage Technology introduced its 4th-gen DDR5 Registering Clock Driver (RCD), also called DDR5 RCD04, to the industry. Designed for DDR5 RDIMM memory modules, this chip supports blazing-fast data rates up to 7200 MT/s, a 50% increase over the 1st-gen DDR5 RCDs. As a leader in memory interface technologies, Montage has led the development of JEDEC standards for DDR5 RCD chips and sustains high R&D investments to enable continuous product iterations and upgrades. Since debuting its 1st-gen DDR5 memory interface and memory module supporting chips in 2021, the company successfully released the second and third generation DDR5 RCD chips in 2022 and 2023 respectively. Now, Montage has achieved yet another breakthrough with its 4th-gen DDR 5 RCDs, further strengthening its leadership in memory interface chips. Montage is now delivering these cutting-edge DDR5 RCD04 engineering samples to leading memory manufacturers, empowering the development of next-generation DDR5 memory modules. Alongside its RCD portfolio, Montage provides DDR5 Data Buffers (DB) and other essential DDR5 module supporting chips like SPD EEPROM with Hubs, Temperature Sensors, and Power Management ICs. Together with the RCD chips, these components deliver indispensable capabilities for DDR5 memory modules.Buying Opportunity • Jan 02Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be CN¥72.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 4.6%. Revenue is forecast to grow by 165% in 2 years. Earnings is forecast to grow by 288% in the next 2 years.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥597.6m (down 37% from 3Q 2022). Net income: CN¥151.9m (down 52% from 3Q 2022). Profit margin: 25% (down from 33% in 3Q 2022). Revenue is forecast to grow 51% 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 5% per year whereas the company’s share price has fallen by 9% per year.お知らせ • Oct 28Montage Technology Leads in Trial Production of 3rd-Gen DDR5 RCDsMontage Technology Co., Ltd. announced it has taken the lead in trial production of the 3rd-generation DDR5 Registering Clock Driver (RCD03) designed for use in DDR5 RDIMMs. With its blazingly fast 6400 MT/s data rate, the RCD03 sets a new bar for DDR5 memory performance in upcoming server platforms. It unlocks dramatic capacity, bandwidth, and latency improvements to meet the growing demands of data center, cloud, and AI applications. The RCD03 marks a major advancement in Montage's continued role as an innovator driving rapid DDR5 developments. This chip achieves a 14.3% speed increase over the 2nd-gen DDR5 RCD and a 33.3% increase over the 1st--gen, making it one of the fastest DDR5 memory interface solutions available. Leveraging enhancements like a dual-channel architecture and lower power supplies (1.1V VDD and 1.0V VDDIO), the RCD03 significantly improves the latency while reducing the power consumption as compared to DDR4 RCDs. Another key benefit is its support for up to 256 GB DRAM per module, quadrupling the capacity of modules in DDR4 generation. In addition to its RCD portfolio, Montage provides a comprehensive lineup of DDR5 infrastructure solutions including SPD EEPROM with Hubs, Temperature Sensors, and Power Management ICs, which are essential in complete DDR5 module designs optimized for performance, reliability and power efficiency.お知らせ • Aug 24Montage Technology Co., Ltd. (SHSE:688008) announces an Equity Buyback for CNY 600 million worth of its shares.Montage Technology Co., Ltd. (SHSE:688008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of shares. The program will be valid 6 months.Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.33 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.33 in 2Q 2022). Revenue: CN¥508.1m (down 51% from 2Q 2022). Net income: CN¥62.1m (down 83% from 2Q 2022). Profit margin: 12% (down from 37% in 2Q 2022). Revenue is forecast to grow 46% 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 remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.27 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.27 in 1Q 2022). Revenue: CN¥419.5m (down 53% from 1Q 2022). Net income: CN¥19.7m (down 94% from 1Q 2022). Profit margin: 4.7% (down from 34% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥63.04, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.10 per share.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥69.00, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 9.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.21 per share.お知らせ • Jan 06Montage Technology Announces PCIe 5.0/CXL 2.0 Retimer Has Successfully Achieved Mass ProductionMontage Technology announced that its PCIe 5.0/CXL 2.0 Retimer has successfully achieved mass production. This chip is a key upgrade based on Montage's PCIe 4.0 Retimer, providing a stable and reliable PCIe 5.0 and CXL 2.0 interconnect solution with high bandwidth and low latency for the cloud and high-performance computing market. Montage's PCIe 5.0/CXL 2.0 Retimer employs advanced signal conditioning technologies to improve signal integrity and increase the effective transmission distance of high-speed signals. Compliant with relevant PCI-SIG and CXL specifications, the chip meets mainstream package requirements, supports transfer rate up to 32 GT/s, and takes the lead in supporting ultra-low transmission latency of less than 5 ns. The chip supports various complex system topologies such as SRIS and Retimer cascading, offering an ideal solution to address the PCIe/CXL signal integrity challenges in next-generation servers, enterprise storage, and AI acceleration systems. The PCIe 5.0/CXL 2.0 Retimer has passed extensive interoperability testing with a variety of compute, storage and networking products, such as CPU, PCIe switches, SSDs, GPUs and NICs, thus laying a solid foundation for the large-scale deployment of cloud computing and data centers. For typical application scenarios such as AI servers, NVMe SSDs and Riser Cards, Montage Technology provides comprehensive technical supports, such as PCIe 5.0/CXL 2.0 Retimer-based reference design, evaluation board, and supporting software, to help customers quickly complete the design-in and shorten the product launch cycle.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Employee Director Yi Shi was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥65.51, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 34x in the Semiconductor industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥57.37 per share.Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.18 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.18 in 3Q 2021). Revenue: CN¥953.5m (up 9.8% from 3Q 2021). Net income: CN¥318.0m (up 55% from 3Q 2021). Profit margin: 33% (up from 24% in 3Q 2021). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥44.10, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Semiconductor industry in China. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.46 per share.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥1.03b (up 142% from 2Q 2021). Net income: CN¥374.9m (up 116% from 2Q 2021). Profit margin: 37% (down from 41% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 32%, compared to a 49% growth forecast for the industry in China.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.12 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.12 in 1Q 2021). Revenue: CN¥900.4m (up 201% from 1Q 2021). Net income: CN¥306.1m (up 128% from 1Q 2021). Profit margin: 34% (down from 45% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 42%, compared to a 44% growth forecast for the industry in China.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 12Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: CN¥0.73 (down from CN¥0.98 in FY 2020). Revenue: CN¥2.56b (up 41% from FY 2020). Net income: CN¥829.1m (down 25% from FY 2020). Profit margin: 32% (down from 61% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 59%, compared to a 56% growth forecast for the industry in China.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.24 in 3Q 2020)The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: CN¥868.2m (up 129% from 3Q 2020). Net income: CN¥204.6m (down 26% from 3Q 2020). Profit margin: 24% (down from 73% in 3Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.30 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥424.9m (down 28% from 2Q 2020). Net income: CN¥173.7m (down 49% from 2Q 2020). Profit margin: 41% (down from 57% in 2Q 2020).Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥67.11, the stock trades at a forward P/E ratio of 70x. Average forward P/E is 71x in the Semiconductor industry in China. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.54 per share.Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥53.52, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 52x in the Semiconductor industry in China. Total loss to shareholders of 47% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.50 per share.Reported Earnings • May 02Full year 2020 earnings released: EPS CN¥0.98 (vs CN¥0.88 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.82b (up 4.9% from FY 2019). Net income: CN¥1.10b (up 18% from FY 2019). Profit margin: 61% (up from 54% in FY 2019). The increase in margin was primarily driven by lower expenses.Is New 90 Day High Low • Feb 28New 90-day low: CN¥74.14The company is down 2.0% from its price of CN¥75.60 on 30 November 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.51 per share.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥74.14, the stock is trading at a trailing P/E ratio of 77.7x, down from the previous P/E ratio of 94.9x. This compares to an average P/E of 68x in the Semiconductor industry in China. Total return to shareholders over the past year is a loss of 16%.Is New 90 Day High Low • Jan 13New 90-day high: CN¥94.50The company is up 17% from its price of CN¥81.02 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.02 per share.Is New 90 Day High Low • Dec 10New 90-day high: CN¥86.86The company is up 16% from its price of CN¥74.59 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.82 per share.Is New 90 Day High Low • Oct 31New 90-day low: CN¥68.65The company is down 22% from its price of CN¥88.39 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.41 per share.お知らせ • Jul 06Montage Technology Group Limited to Report First Half, 2020 Results on Aug 15, 2020Montage Technology Group Limited announced that they will report first half, 2020 results on Aug 15, 2020株主還元688008CN SemiconductorCN 市場7D0.5%1.4%-3.2%1Y222.8%133.3%21.8%株主還元を見る業界別リターン: 688008過去 1 年間で133.3 % の収益を上げたCN Semiconductor業界を上回りました。リターン対市場: 688008過去 1 年間で21.8 % の収益を上げたCN市場を上回りました。価格変動Is 688008's price volatile compared to industry and market?688008 volatility688008 Average Weekly Movement13.4%Semiconductor Industry Average Movement10.3%Market Average Movement6.8%10% most volatile stocks in CN Market11.2%10% least volatile stocks in CN Market4.1%安定した株価: 688008の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 688008の weekly volatility ( 13% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2004784Howard Yangwww.montage-tech.comMontage Technology Co., Ltd.は集積回路設計会社で、中華人民共和国のクラウドコンピューティングとデータセンター市場向けにICソリューションを提供している。同社の製品ポートフォリオには、多重化ランク登録クロックドライバー、多重化ランクデータバッファー、登録クロックドライバー、データバッファー、クロックドライバー、ハブ付きSPD EEPROM、温度センサー、電源管理ICなどのメモリーモジュール用コンポーネントや、サーバーおよびクライアントメモリーモジュールが含まれる。また、PCIeリタイマー、Type 3 Compute Express Link DRAMメモリコントローラであるMemory eXpander Controller、プログラマブルクロックジェネレータチップ、Jintideサーバプラットフォームも提供している。Montage Technology Co., Ltd.は2004年に設立され、中華人民共和国の上海に本社を置いている。もっと見るMontage Technology Co., Ltd. 基礎のまとめMontage Technology の収益と売上を時価総額と比較するとどうか。688008 基礎統計学時価総額CN¥326.91b収益（TTM）CN¥2.56b売上高(TTM)CN¥5.69b126.8xPER（株価収益率56.9xP/Sレシオ688008 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計688008 損益計算書（TTM）収益CN¥5.69b売上原価CN¥1.99b売上総利益CN¥3.70bその他の費用CN¥1.15b収益CN¥2.56b直近の収益報告Mar 31, 2026次回決算日Aug 29, 2026一株当たり利益（EPS）2.11グロス・マージン65.05%純利益率44.91%有利子負債／自己資本比率0.2%688008 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.2%現在の配当利回り28%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/11 21:13終値2026/07/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Montage Technology Co., Ltd. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。27 アナリスト機関Qingyuan LinBernsteinHuiqun LiBofA Global ResearchFeng GaoChina Galaxy Securities Co., Ltd.24 その他のアナリストを表示
お知らせ • Jun 30Montage Technology Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Montage Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026
お知らせ • Jun 02Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026, at 15:00 China Standard Time. Location: 4F, Building 2, No. 1591, Hongqiao Road, Shanghai China
Board Change • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ping Keung Ko was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 30Montage Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Montage Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Mar 18Montage Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026Montage Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026
お知らせ • Feb 05Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion.Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 26,472,859 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 6,589,000 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 32,828,141 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offering
お知らせ • Jun 30Montage Technology Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Montage Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026
お知らせ • Jun 02Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026Montage Technology Co., Ltd., Annual General Meeting, Jun 24, 2026, at 15:00 China Standard Time. Location: 4F, Building 2, No. 1591, Hongqiao Road, Shanghai China
Board Change • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ping Keung Ko was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 30Montage Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Montage Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Mar 18Montage Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026Montage Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026
お知らせ • Feb 05Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion.Montage Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 7.042982 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 26,472,859 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 6,589,000 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 32,828,141 Price\Range: HKD 106.89 Discount Per Security: HKD 0.694785 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offering
お知らせ • Jan 30Montage Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.042982 billion.Montage Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.042982 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 26,472,859 Price(maximum): HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 6,589,000 Price(maximum): HKD 106.89 Discount Per Security: HKD 0.694785 Security Name: H Shares Security Type: Common Stock Securities Offered: 32,828,141 Price(maximum): HKD 106.89 Discount Per Security: HKD 0.694785 Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offering
お知らせ • Jan 27Montage Technology Launches PCIe 6.x/CXL 3.x AEC Solution to Enable High-Efficiency Interconnects for Next-Generation Data CentersMontage Technology announced the launch of its high-performance PCIe 6.x/CXL 3.x-based Active Electrical Cable (AEC) solution. Designed to address the evolution of data center architectures from intra-rack to more complex inter-rack, the solution adopts Montage Technology's PCIe 6.x/C XL 3.x Retimer to deliver high-bandwidth, low-latency interconnects for the hyperscalers and high-performance server platforms. Driven by the rapid growth of artificial intelligence and cloud computing, the data center infrastructure is evolving toward distributed multi-rack architectures. As the core interconnect interface linking CPUs, GPUs, NICs, and high-speed storage, PCIe continues spanning from rack server to supernode. As a result, copper connections powered by AECs are critical for maintaining signal integrity with longer reach. Montage Technology's PCIe 6.'/CXL 3.x AEC solution leverages its in-house SerDes technology and innovative DSP architecture, as well as the high-density OSFP-XD form factor to support stable PCIe x16 connectivity. It also offers comprehensive link monitoring and diagnostic features, significantly enhancing system maintainability and deployment efficiency. Flexible configurations are available to accommodate diverse hyperscaler infrastructure topologies. Montage Technology has completed the development and system-level validation of the PCIe 6.x/CX 3.x AEC solution, jointly designed with leading cable manufacturers in China. The solution has successfully passed interoperability tests with CPUs, xPUs, PCIe switches, NICs, and other devices. It meets the stringent PCIe interconnect requirements driven by supernode architecture. Looking ahead, Montage Technology will continue expanding its high-speed interconnect product portfolio, including the PCIe 7.0 Retimer and Ethernet PHY Retimer, to deliver more comprehensive interconnect solutions to customers worldwide.
お知らせ • Jun 24Montage Technology Co., Ltd.(SHSE:688008) dropped from Shanghai Stock Exchange 180 Value IndexMontage Technology Co., Ltd. has been removed form Shanghai Stock Exchange 180 Value Index .
お知らせ • Apr 11Montage Technology Co., Ltd., Annual General Meeting, May 06, 2025Montage Technology Co., Ltd., Annual General Meeting, May 06, 2025, at 15:00 China Standard Time.
お知らせ • Jan 24Montage Technology Delivers Gen2 MRCD & MDB Engineering Samples for DDR5 MRDIMMMontage Technology announced that it has successfully sampled its Gen2 Multiplexed Rank Registering Clock Driver (MRCD) and Multiplexed Rank Data Buffer (MDB) chipset to leading global memory manufacturers. Designed for DDR5 Multiplexed Rank DIMM (MRDIMM), this new chipset supports data rates up to 12800 MT/s, delivering exceptional memory performance for next-generation computing platforms. The release comes at a crucial time, as AI and big data analytics drive increasing demands for memory bandwidth in data centers. MRDIMM technology has emerged as a key solution to address this challenge, particularly as server processors continue to increase in core count. The innovative MRCD and MDB chips are fundamental to MRDIMM operation, featuring a "1+10" buffer architecture where each MRDIMM module incorporates one MRCD with ten MDB chips. In this configuration, the MRCD chip handles buffering and re-driving of address, command, clock, and control signals, while the MDB chips manage data traffic between the memory controller and DRAM chips. This architecture, coupled with double data rate and time-division multiplexing technology, enables simultaneous operation of two memory ranks at standard rates, effectively doubling data throughput. Montage Technology's Gen1 MRCD and MDB chipset, supporting speed up to 8,800 MT/s, has already secured volume purchases from major memory manufacturers. The new Gen2 engineering samples push performance boundaries further, achieving 12,800 MT/s -- a 45% improvement over the previous generation.
お知らせ • Jan 22Montage Technology Samples PCIe 6.x/CXL 3.x Retimer ChipsMontage Technology announced the sampling of its PCIe 6.x/CXL 3.x Retimer -- M88RT61632, which is designed to enhance connectivity performance for demanding high-bandwidth applications such as AI and cloud computing. This milestone extends the company's PCIe product portfolio, building upon its successful PCIe 4.0 and PCIe 5.0/CXL 2.0 Retimer solutions. The PCIe 6.x/C XL 3.x Retimer delivers excellent performance with data rates up to 64GT/s, twice that of PCIe 5.0. Powered by Montage Technology's proprietary PAM4 SerDes IP, the chip achieves superior signal integrity with link budget up to 43dB while maintaining low latency. Its innovative DSP architecture effectively addresses PCIe 6.x system design challenges including crosstalk and signal reflection. In addition, the chip features advanced link training and enhanced telemetry, enabling comprehensive link monitoring and fault diagnostics for high-reliability AI cluster deployments. Compliant with PCIe 6.x and CXL 3.x specifications and utilizing a mainstream package, the Retimer has demonstrated robust interoperability with CPUs, test equipment, and endpoint devices, positioning itself for widespread deployment across cloud computing and data center infrastructures. Montage Technology has begun sampling its PCIe 6.x/CXL 3.x Retimer to customers and partners, accompanied by comprehensive technical support for key applications including AI servers, active electrical cables (AECs), and storage systems. The support package includes M88RT61632-based reference designs, evaluation boards and software tools, enabling customers to expedite their development cycles and product launches. As part of its strategic roadmap, Montage Technology is advancing the development of its PCIe 7.0 Retimer, reinforcing its leadership in next-generation interconnect solutions and expanding its diverse product offerings.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥78.11, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 4.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.65 per share.
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥905.9m (up 52% from 3Q 2023). Net income: CN¥384.9m (up 153% from 3Q 2023). Profit margin: 43% (up from 25% in 3Q 2023). Revenue is forecast to grow 39% 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 6% per year whereas the company’s share price has fallen by 2% per year.
Buy Or Sell Opportunity • Oct 18Now 34% overvalued after recent price riseOver the last 90 days, the stock has risen 9.4% to CN¥68.95. The fair value is estimated to be CN¥51.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 133% in 2 years. Earnings are forecast to grow by 165% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥66.93, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥52.86 per share.
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Sep 30Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to CN¥66.88. The fair value is estimated to be CN¥51.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 133% in 2 years. Earnings are forecast to grow by 165% in the next 2 years.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥57.00, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 2.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.62 per share.
Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.046 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.32 (up from CN¥0.046 in 2Q 2023). Revenue: CN¥927.7m (up 83% from 2Q 2023). Net income: CN¥369.7m (up 495% from 2Q 2023). Profit margin: 40% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 37% 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 9% per year whereas the company’s share price has fallen by 6% per year.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.02 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.02 in 1Q 2023). Revenue: CN¥737.3m (up 76% from 1Q 2023). Net income: CN¥223.4m (up CN¥203.7m from 1Q 2023). Profit margin: 30% (up from 4.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% 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 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 12Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥1.15 in FY 2022)Full year 2023 results: EPS: CN¥0.40 (down from CN¥1.15 in FY 2022). Revenue: CN¥2.29b (down 38% from FY 2022). Net income: CN¥450.9m (down 65% from FY 2022). Profit margin: 20% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% 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 11% per year and the company’s share price has also fallen by 11% per year.
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥1.15 in FY 2022)Full year 2023 results: EPS: CN¥0.40 (down from CN¥1.15 in FY 2022). Revenue: CN¥2.29b (down 38% from FY 2022). Net income: CN¥450.9m (down 65% from FY 2022). Profit margin: 20% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 39% 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 11% per year and the company’s share price has also fallen by 11% per year.
お知らせ • Feb 08Montage Technology Co., Ltd. (SHSE:688008) announces an Equity Buyback for CNY 600 million worth of its shares.Montage Technology Co., Ltd. (SHSE:688008) announces a share repurchase program. Under the program, the company will up to CNY 600 million worth of its shares. The shares will be repurchased at no more than CNY 55 per share. The purpose of the program is to safeguard the company's value and shareholders' rights. The program will be funded from company's own funds or self-raised funds. The program will be valid for 3 months.
お知らせ • Jan 05Montage Technology Introduces 4th-Gen DDR5 RCDs Enabling Data Rates up to 7200 MT/sMontage Technology introduced its 4th-gen DDR5 Registering Clock Driver (RCD), also called DDR5 RCD04, to the industry. Designed for DDR5 RDIMM memory modules, this chip supports blazing-fast data rates up to 7200 MT/s, a 50% increase over the 1st-gen DDR5 RCDs. As a leader in memory interface technologies, Montage has led the development of JEDEC standards for DDR5 RCD chips and sustains high R&D investments to enable continuous product iterations and upgrades. Since debuting its 1st-gen DDR5 memory interface and memory module supporting chips in 2021, the company successfully released the second and third generation DDR5 RCD chips in 2022 and 2023 respectively. Now, Montage has achieved yet another breakthrough with its 4th-gen DDR 5 RCDs, further strengthening its leadership in memory interface chips. Montage is now delivering these cutting-edge DDR5 RCD04 engineering samples to leading memory manufacturers, empowering the development of next-generation DDR5 memory modules. Alongside its RCD portfolio, Montage provides DDR5 Data Buffers (DB) and other essential DDR5 module supporting chips like SPD EEPROM with Hubs, Temperature Sensors, and Power Management ICs. Together with the RCD chips, these components deliver indispensable capabilities for DDR5 memory modules.
Buying Opportunity • Jan 02Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be CN¥72.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 4.6%. Revenue is forecast to grow by 165% in 2 years. Earnings is forecast to grow by 288% in the next 2 years.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥597.6m (down 37% from 3Q 2022). Net income: CN¥151.9m (down 52% from 3Q 2022). Profit margin: 25% (down from 33% in 3Q 2022). Revenue is forecast to grow 51% 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 5% per year whereas the company’s share price has fallen by 9% per year.
お知らせ • Oct 28Montage Technology Leads in Trial Production of 3rd-Gen DDR5 RCDsMontage Technology Co., Ltd. announced it has taken the lead in trial production of the 3rd-generation DDR5 Registering Clock Driver (RCD03) designed for use in DDR5 RDIMMs. With its blazingly fast 6400 MT/s data rate, the RCD03 sets a new bar for DDR5 memory performance in upcoming server platforms. It unlocks dramatic capacity, bandwidth, and latency improvements to meet the growing demands of data center, cloud, and AI applications. The RCD03 marks a major advancement in Montage's continued role as an innovator driving rapid DDR5 developments. This chip achieves a 14.3% speed increase over the 2nd-gen DDR5 RCD and a 33.3% increase over the 1st--gen, making it one of the fastest DDR5 memory interface solutions available. Leveraging enhancements like a dual-channel architecture and lower power supplies (1.1V VDD and 1.0V VDDIO), the RCD03 significantly improves the latency while reducing the power consumption as compared to DDR4 RCDs. Another key benefit is its support for up to 256 GB DRAM per module, quadrupling the capacity of modules in DDR4 generation. In addition to its RCD portfolio, Montage provides a comprehensive lineup of DDR5 infrastructure solutions including SPD EEPROM with Hubs, Temperature Sensors, and Power Management ICs, which are essential in complete DDR5 module designs optimized for performance, reliability and power efficiency.
お知らせ • Aug 24Montage Technology Co., Ltd. (SHSE:688008) announces an Equity Buyback for CNY 600 million worth of its shares.Montage Technology Co., Ltd. (SHSE:688008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of shares. The program will be valid 6 months.
Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.33 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.33 in 2Q 2022). Revenue: CN¥508.1m (down 51% from 2Q 2022). Net income: CN¥62.1m (down 83% from 2Q 2022). Profit margin: 12% (down from 37% in 2Q 2022). Revenue is forecast to grow 46% 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 remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.27 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.27 in 1Q 2022). Revenue: CN¥419.5m (down 53% from 1Q 2022). Net income: CN¥19.7m (down 94% from 1Q 2022). Profit margin: 4.7% (down from 34% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥63.04, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.10 per share.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥69.00, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 9.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.21 per share.
お知らせ • Jan 06Montage Technology Announces PCIe 5.0/CXL 2.0 Retimer Has Successfully Achieved Mass ProductionMontage Technology announced that its PCIe 5.0/CXL 2.0 Retimer has successfully achieved mass production. This chip is a key upgrade based on Montage's PCIe 4.0 Retimer, providing a stable and reliable PCIe 5.0 and CXL 2.0 interconnect solution with high bandwidth and low latency for the cloud and high-performance computing market. Montage's PCIe 5.0/CXL 2.0 Retimer employs advanced signal conditioning technologies to improve signal integrity and increase the effective transmission distance of high-speed signals. Compliant with relevant PCI-SIG and CXL specifications, the chip meets mainstream package requirements, supports transfer rate up to 32 GT/s, and takes the lead in supporting ultra-low transmission latency of less than 5 ns. The chip supports various complex system topologies such as SRIS and Retimer cascading, offering an ideal solution to address the PCIe/CXL signal integrity challenges in next-generation servers, enterprise storage, and AI acceleration systems. The PCIe 5.0/CXL 2.0 Retimer has passed extensive interoperability testing with a variety of compute, storage and networking products, such as CPU, PCIe switches, SSDs, GPUs and NICs, thus laying a solid foundation for the large-scale deployment of cloud computing and data centers. For typical application scenarios such as AI servers, NVMe SSDs and Riser Cards, Montage Technology provides comprehensive technical supports, such as PCIe 5.0/CXL 2.0 Retimer-based reference design, evaluation board, and supporting software, to help customers quickly complete the design-in and shorten the product launch cycle.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Employee Director Yi Shi was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥65.51, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 34x in the Semiconductor industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥57.37 per share.
Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.18 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.18 in 3Q 2021). Revenue: CN¥953.5m (up 9.8% from 3Q 2021). Net income: CN¥318.0m (up 55% from 3Q 2021). Profit margin: 33% (up from 24% in 3Q 2021). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥44.10, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Semiconductor industry in China. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.46 per share.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥1.03b (up 142% from 2Q 2021). Net income: CN¥374.9m (up 116% from 2Q 2021). Profit margin: 37% (down from 41% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 32%, compared to a 49% growth forecast for the industry in China.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.12 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.12 in 1Q 2021). Revenue: CN¥900.4m (up 201% from 1Q 2021). Net income: CN¥306.1m (up 128% from 1Q 2021). Profit margin: 34% (down from 45% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 42%, compared to a 44% growth forecast for the industry in China.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 12Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: CN¥0.73 (down from CN¥0.98 in FY 2020). Revenue: CN¥2.56b (up 41% from FY 2020). Net income: CN¥829.1m (down 25% from FY 2020). Profit margin: 32% (down from 61% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 59%, compared to a 56% growth forecast for the industry in China.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.24 in 3Q 2020)The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: CN¥868.2m (up 129% from 3Q 2020). Net income: CN¥204.6m (down 26% from 3Q 2020). Profit margin: 24% (down from 73% in 3Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.30 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥424.9m (down 28% from 2Q 2020). Net income: CN¥173.7m (down 49% from 2Q 2020). Profit margin: 41% (down from 57% in 2Q 2020).
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥67.11, the stock trades at a forward P/E ratio of 70x. Average forward P/E is 71x in the Semiconductor industry in China. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.54 per share.
Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥53.52, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 52x in the Semiconductor industry in China. Total loss to shareholders of 47% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.50 per share.
Reported Earnings • May 02Full year 2020 earnings released: EPS CN¥0.98 (vs CN¥0.88 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.82b (up 4.9% from FY 2019). Net income: CN¥1.10b (up 18% from FY 2019). Profit margin: 61% (up from 54% in FY 2019). The increase in margin was primarily driven by lower expenses.
Is New 90 Day High Low • Feb 28New 90-day low: CN¥74.14The company is down 2.0% from its price of CN¥75.60 on 30 November 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.51 per share.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥74.14, the stock is trading at a trailing P/E ratio of 77.7x, down from the previous P/E ratio of 94.9x. This compares to an average P/E of 68x in the Semiconductor industry in China. Total return to shareholders over the past year is a loss of 16%.
Is New 90 Day High Low • Jan 13New 90-day high: CN¥94.50The company is up 17% from its price of CN¥81.02 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.02 per share.
Is New 90 Day High Low • Dec 10New 90-day high: CN¥86.86The company is up 16% from its price of CN¥74.59 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.82 per share.
Is New 90 Day High Low • Oct 31New 90-day low: CN¥68.65The company is down 22% from its price of CN¥88.39 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.41 per share.
お知らせ • Jul 06Montage Technology Group Limited to Report First Half, 2020 Results on Aug 15, 2020Montage Technology Group Limited announced that they will report first half, 2020 results on Aug 15, 2020
