Chinese (SSE) Semiconductors Industry Analysis
- 7D-2.0%
- 3M2.8%
- 1Y42.5%
- YTD30.1%
Over the last 7 days, the Semiconductors industry has remained flat, although notably Will Semiconductor gained 11%. The past year has been better, since the industry has gained 46% in that time.
Industry Valuation and Performance
Has the Chinese Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 07 Dec 2021 | CN¥4.7t | CN¥606.5b | CN¥62.2b | 77.4x |
| Thu, 04 Nov 2021 | CN¥4.5t | CN¥606.0b | CN¥62.1b | 71.3x |
| Sat, 02 Oct 2021 | CN¥4.2t | CN¥550.1b | CN¥53.4b | 71.9x |
| Mon, 30 Aug 2021 | CN¥4.7t | CN¥551.8b | CN¥53.5b | 84.7x |
| Tue, 06 Jul 2021 | CN¥3.8t | CN¥535.6b | CN¥49.4b | 69.8x |
| Fri, 09 Apr 2021 | CN¥2.6t | CN¥483.8b | CN¥42.2b | 58.5x |
| Thu, 31 Dec 2020 | CN¥3.0t | CN¥436.5b | CN¥36.2b | 81.2x |
| Sun, 04 Oct 2020 | CN¥2.6t | CN¥401.4b | CN¥31.1b | 68.7x |
| Wed, 08 Jul 2020 | CN¥2.2t | CN¥373.2b | CN¥26.2b | 74.3x |
| Tue, 31 Mar 2020 | CN¥1.5t | CN¥329.6b | CN¥20.9b | 73.2x |
| Fri, 03 Jan 2020 | CN¥1.3t | CN¥318.7b | CN¥18.9b | 77.3x |
| Mon, 07 Oct 2019 | CN¥1.1t | CN¥275.7b | CN¥15.0b | 64.9x |
| Sun, 30 Jun 2019 | CN¥775.7b | CN¥252.9b | CN¥12.0b | 52.6x |
| Wed, 03 Apr 2019 | CN¥797.2b | CN¥249.4b | CN¥13.2b | 52.5x |
| Sat, 05 Jan 2019 | CN¥567.3b | CN¥245.9b | CN¥13.5b | 37.3x |
37.3x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 68.2x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Semiconductor industry have grown 67% per year over the last three years, and revenues for these companies have grown 35% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Semiconductors industry?
| Semiconductors | -1.71% | |
| Semiconductor Equipment | -2.81% | |
Industry PE: Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 55.5x. However analysts are expecting annual earnings growth of 25%, which is lower than the prior year's growth of 65% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Semiconductors industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 71.1x.
Forecasted Growth: Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 32% over the next 5 years. However this is lower than its past earnings growth rate of 67% per year. Meanwhile, the Semiconductor Equipment industry is expected to see its earnings grow by 25% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 603501 Will Semiconductor | 11.4%+CN¥26.4b | 36.9% | PE57.4x | |
| 2459 JA Solar Technology | 6.6%+CN¥8.7b | 177.9% | PE92.7x | |
| 600732 Shanghai Aiko Solar Energy | 8.8%+CN¥4.0b | 61.4% | PE128.7x | |
| 688599 Trina Solar | 2.7%+CN¥3.9b | 256.4% | PE97x | |
| 603986 GigaDevice Semiconductor (Beijing) | 3.2%+CN¥3.6b | 15.5% | PE61.5x |