Giga Device Semiconductor (SHSE:603986) Might Be Having Difficulty Using Its Capital Effectively
Aug 15
Chinese (SSE) Semiconductors Industry Analysis
UpdatedAug 15, 2024
DataAggregated Company Financials
Companies214
- 7D-1.6%
- 3M-6.1%
- 1Y-26.5%
- YTD-21.1%
The Semiconductors industry is down 1.2% over the last week with China Resources Microelectronics the worst performer, down 6.6%. Meanwhile, Cambricon Technologies actually outperformed within the industry, gaining 5.3% in the last week. Overall the industry is down 27% in 12 months. Earnings are forecast to grow by 39% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 15 Aug 2024 | CN¥3.3t | CN¥1.4t | CN¥77.7b | 45.6x | 42.4x | 2.3x |
| Sat, 13 Jul 2024 | CN¥3.4t | CN¥1.4t | CN¥76.6b | 49.1x | 44.9x | 2.4x |
| Mon, 10 Jun 2024 | CN¥3.5t | CN¥1.4t | CN¥76.6b | 50x | 45.8x | 2.5x |
| Wed, 08 May 2024 | CN¥3.7t | CN¥1.4t | CN¥76.2b | 53x | 47.9x | 2.6x |
| Fri, 05 Apr 2024 | CN¥3.7t | CN¥1.5t | CN¥124.3b | 52.7x | 29.6x | 2.5x |
| Sun, 03 Mar 2024 | CN¥3.9t | CN¥1.5t | CN¥123.3b | 55.5x | 31.7x | 2.7x |
| Tue, 30 Jan 2024 | CN¥3.5t | CN¥1.4t | CN¥124.6b | 52.9x | 28.1x | 2.4x |
| Thu, 28 Dec 2023 | CN¥4.0t | CN¥1.4t | CN¥124.1b | 65x | 32.3x | 2.8x |
| Sat, 25 Nov 2023 | CN¥4.2t | CN¥1.4t | CN¥123.1b | 69.1x | 34.1x | 3x |
| Mon, 23 Oct 2023 | CN¥4.1t | CN¥1.4t | CN¥136.9b | 66.6x | 30.1x | 2.9x |
| Wed, 20 Sep 2023 | CN¥4.2t | CN¥1.4t | CN¥136.8b | 67.7x | 30.8x | 3x |
| Fri, 18 Aug 2023 | CN¥4.3t | CN¥1.4t | CN¥135.6b | 65.5x | 31.8x | 3.2x |
| Sun, 16 Jul 2023 | CN¥4.9t | CN¥1.3t | CN¥139.5b | 69.7x | 35.3x | 3.7x |
| Tue, 13 Jun 2023 | CN¥4.9t | CN¥1.3t | CN¥140.0b | 66.5x | 34.8x | 3.6x |
| Thu, 11 May 2023 | CN¥4.7t | CN¥1.3t | CN¥138.1b | 61.9x | 33.9x | 3.6x |
| Sat, 08 Apr 2023 | CN¥5.4t | CN¥1.2t | CN¥133.0b | 70.4x | 40.2x | 4.6x |
| Mon, 06 Mar 2023 | CN¥4.8t | CN¥1.1t | CN¥129.5b | 60.8x | 36.9x | 4.3x |
| Wed, 01 Feb 2023 | CN¥4.6t | CN¥982.5b | CN¥103.3b | 55.3x | 44.3x | 4.7x |
| Fri, 30 Dec 2022 | CN¥4.2t | CN¥980.8b | CN¥103.2b | 49.6x | 40.8x | 4.3x |
| Sun, 27 Nov 2022 | CN¥4.4t | CN¥971.0b | CN¥101.7b | 53.7x | 42.9x | 4.5x |
| Tue, 25 Oct 2022 | CN¥4.3t | CN¥888.4b | CN¥97.1b | 48.4x | 43.8x | 4.8x |
| Thu, 22 Sep 2022 | CN¥4.4t | CN¥876.9b | CN¥95.2b | 50.6x | 46.3x | 5x |
| Sat, 20 Aug 2022 | CN¥5.0t | CN¥795.6b | CN¥88.7b | 59.6x | 56.3x | 6.3x |
| Mon, 18 Jul 2022 | CN¥4.5t | CN¥772.2b | CN¥82.6b | 53.8x | 53.9x | 5.8x |
| Wed, 15 Jun 2022 | CN¥4.2t | CN¥766.7b | CN¥82.0b | 48.1x | 50.8x | 5.4x |
| Fri, 13 May 2022 | CN¥3.8t | CN¥763.6b | CN¥81.3b | 44x | 46.2x | 4.9x |
| Sun, 10 Apr 2022 | CN¥3.8t | CN¥685.4b | CN¥71.4b | 58.5x | 52.9x | 5.5x |
| Tue, 08 Mar 2022 | CN¥4.3t | CN¥671.0b | CN¥67.0b | 63.5x | 63.8x | 6.4x |
| Thu, 03 Feb 2022 | CN¥4.2t | CN¥648.7b | CN¥63.6b | 63.2x | 65.5x | 6.4x |
| Sat, 01 Jan 2022 | CN¥4.7t | CN¥610.7b | CN¥62.9b | 76.8x | 74.9x | 7.7x |
| Mon, 29 Nov 2021 | CN¥4.7t | CN¥606.0b | CN¥62.1b | 78.9x | 76.3x | 7.8x |
| Wed, 27 Oct 2021 | CN¥4.3t | CN¥567.4b | CN¥56.4b | 74.7x | 77x | 7.7x |
| Fri, 24 Sep 2021 | CN¥4.2t | CN¥550.0b | CN¥53.4b | 75.9x | 78.8x | 7.7x |
| Sun, 22 Aug 2021 | CN¥4.3t | CN¥551.8b | CN¥53.5b | 78.9x | 81x | 7.9x |
Price to Earnings Ratio
81x
Current Industry PE
- Investors are pessimistic on the Chinese Semiconductor industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 42.8x which is lower than its 3-year average PE of 46.9x.
- The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 37% 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 Tech industry?
| CN Market | -1.48% | |
| Tech | -1.13% | |
| Semiconductors | -1.59% | |
| Semiconductors | -1.04% | |
| Semiconductor Equipment | -2.97% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 51.8x.
- Analysts are expecting annual earnings growth of 43.6%, which is higher than its past year's earnings decline of 14.1% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 39.5x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| 688256 Cambricon Technologies | CN¥241.68 | 5.3% +CN¥5.1b | 58.2% | PS152.8x | |
| 688041 Hygon Information Technology | CN¥73.57 | 2.7% +CN¥4.5b | 44.3% | PE130.3x | |
| 600584 JCET Group | CN¥31.02 | 4.9% +CN¥2.6b | 0.3% | PE37.1x | |
| 688472 CSI Solar | CN¥10.22 | 4.9% +CN¥1.8b | -34.4% | PE14.7x | |
| 600171 Shanghai Belling | CN¥24.75 | 8.6% +CN¥1.4b | 53.1% | PS8x |
