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Dec 24
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Chinese (SSE) Semiconductors Industry Analysis
UpdatedDec 24, 2024
DataAggregated Company Financials
Companies216
- 7D2.5%
- 3M51.9%
- 1Y14.8%
- YTD12.6%
Hygon Information Technology is up 11%, leading the way for the Semiconductors industry, which has gained 2.5%. Meanwhile, Jinko Solar actually underperformed within the industry, shrinking 6.9% in the last week. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 47% per annum.
Industry Valuation and Performance
Has the Chinese Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 24 Dec 2024 | CN¥4.8t | CN¥1.3t | CN¥16.1b | 64.4x | 296.7x | 3.6x |
| Thu, 21 Nov 2024 | CN¥4.8t | CN¥1.3t | CN¥15.9b | 64.2x | 299.9x | 3.7x |
| Sat, 19 Oct 2024 | CN¥4.4t | CN¥1.4t | CN¥41.9b | 67.6x | 105.5x | 3.2x |
| Mon, 16 Sep 2024 | CN¥3.0t | CN¥1.4t | CN¥41.1b | 45x | 73.7x | 2.2x |
| Wed, 14 Aug 2024 | CN¥3.3t | CN¥1.4t | CN¥77.8b | 45.9x | 42.8x | 2.4x |
| Fri, 12 Jul 2024 | CN¥3.4t | CN¥1.4t | CN¥76.6b | 49.3x | 44.8x | 2.4x |
| Sun, 09 Jun 2024 | CN¥3.5t | CN¥1.4t | CN¥76.6b | 50x | 45.8x | 2.5x |
| Tue, 07 May 2024 | CN¥3.7t | CN¥1.4t | CN¥76.2b | 53.2x | 48x | 2.6x |
| Thu, 04 Apr 2024 | CN¥3.7t | CN¥1.5t | CN¥124.3b | 52.7x | 29.6x | 2.5x |
| Sat, 02 Mar 2024 | CN¥3.9t | CN¥1.5t | CN¥123.4b | 55.5x | 31.7x | 2.7x |
| Mon, 29 Jan 2024 | CN¥3.7t | CN¥1.4t | CN¥124.6b | 54.9x | 29.4x | 2.6x |
| Wed, 27 Dec 2023 | CN¥4.0t | CN¥1.4t | CN¥124.1b | 63.8x | 31.9x | 2.8x |
| Fri, 24 Nov 2023 | CN¥4.3t | CN¥1.4t | CN¥123.3b | 71.4x | 34.8x | 3x |
| Sun, 22 Oct 2023 | CN¥4.1t | CN¥1.4t | CN¥136.9b | 66.6x | 30.1x | 2.9x |
| Tue, 19 Sep 2023 | CN¥4.3t | CN¥1.4t | CN¥136.8b | 68.9x | 31.2x | 3x |
| Thu, 17 Aug 2023 | CN¥4.3t | CN¥1.4t | CN¥135.5b | 64.6x | 31.5x | 3.1x |
| Sat, 15 Jul 2023 | CN¥4.9t | CN¥1.3t | CN¥139.4b | 69.7x | 35.3x | 3.7x |
| Mon, 12 Jun 2023 | CN¥4.8t | CN¥1.3t | CN¥140.0b | 66x | 34.6x | 3.6x |
| Wed, 10 May 2023 | CN¥4.7t | CN¥1.3t | CN¥138.0b | 61.9x | 34.2x | 3.6x |
| Fri, 07 Apr 2023 | CN¥5.3t | CN¥1.2t | CN¥133.0b | 69.5x | 39.9x | 4.5x |
| Sun, 05 Mar 2023 | CN¥4.8t | CN¥1.1t | CN¥129.5b | 60.8x | 36.9x | 4.3x |
| Tue, 31 Jan 2023 | CN¥4.6t | CN¥982.5b | CN¥103.3b | 55.5x | 44.8x | 4.7x |
| Thu, 29 Dec 2022 | CN¥4.2t | CN¥980.8b | CN¥103.2b | 50x | 41x | 4.3x |
| Sat, 26 Nov 2022 | CN¥4.4t | CN¥971.2b | CN¥102.5b | 53.7x | 42.8x | 4.5x |
| Mon, 24 Oct 2022 | CN¥4.3t | CN¥888.4b | CN¥97.1b | 48.4x | 43.8x | 4.8x |
| Wed, 21 Sep 2022 | CN¥4.5t | CN¥876.9b | CN¥95.2b | 50.5x | 47.1x | 5.1x |
| Fri, 19 Aug 2022 | CN¥5.2t | CN¥792.1b | CN¥88.7b | 60.6x | 58.7x | 6.6x |
| Sun, 17 Jul 2022 | CN¥4.5t | CN¥772.2b | CN¥82.6b | 53.8x | 53.9x | 5.8x |
| Tue, 14 Jun 2022 | CN¥4.3t | CN¥766.7b | CN¥82.0b | 49.8x | 52x | 5.6x |
| Thu, 12 May 2022 | CN¥3.8t | CN¥763.6b | CN¥81.3b | 44x | 46.2x | 4.9x |
| Sat, 09 Apr 2022 | CN¥3.8t | CN¥685.9b | CN¥71.7b | 58.2x | 52.7x | 5.5x |
| Mon, 07 Mar 2022 | CN¥4.4t | CN¥671.0b | CN¥67.0b | 66.1x | 65.7x | 6.6x |
| Wed, 02 Feb 2022 | CN¥4.2t | CN¥648.7b | CN¥63.6b | 63.2x | 65.5x | 6.4x |
| Fri, 31 Dec 2021 | CN¥4.7t | CN¥609.7b | CN¥62.7b | 75.9x | 74.2x | 7.6x |
Price to Earnings Ratio
74.2x
Current Industry PE
- Investors are optimistic on the Chinese Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 297x which is higher than its 3-year average PE of 57.3x.
- The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 36% per year over the last three years.
- Meanwhile revenues for these companies have grown 29% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -2.11% | |
| Tech | 0.62% | |
| Semiconductors | 2.45% | |
| Semiconductors | 3.18% | |
| Semiconductor Equipment | 0.44% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 4kx.
- Analysts are expecting annual earnings growth of 50.1%, which is higher than its past year's earnings growth of 11.6% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 36.7x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 50% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 38% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 688041 Hygon Information Technology | CN¥140.75 | 15.5% +CN¥44.0b | 98.2% | PE173.3x | |
| 688256 Cambricon Technologies | CN¥659.30 | 15.7% +CN¥37.3b | 397.6% | PS367.3x | |
| 002371 NAURA Technology Group | CN¥408.50 | 6.7% +CN¥13.6b | 81.2% | PE39.8x | |
| 301536 SigmaStar Technology | CN¥73.10 | 49.4% +CN¥10.2b | n/a | PE144.4x | |
| 603893 Rockchip Electronics | CN¥108.70 | 28.2% +CN¥9.9b | 79.6% | PE110.1x |
