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Hong Kong (HSI) Semiconductors Industry Analysis

UpdatedMar 27, 2024
DataAggregated Company Financials
Companies22
  • 7D-7.2%
  • 3M-2.6%
  • 1Y-25.2%
  • YTD-2.4%

Over the last 7 days, the Semiconductors industry has dropped 7.2%, driven by a pullback from Semiconductor Manufacturing International of 10%. On the other hand Balk 1798 Group is actually up 24%. However, the industry is down 25% over the past year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Hong Kong Semiconductors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024HK$452.1bHK$189.2bHK$22.7b12.3x19.9x2.4x
Fri, 23 Feb 2024HK$405.3bHK$195.9bHK$36.0b10.8x11.3x2.1x
Sun, 21 Jan 2024HK$414.8bHK$197.4bHK$37.3b9.6x11.1x2.1x
Tue, 19 Dec 2023HK$456.2bHK$196.7bHK$37.2b9.9x12.3x2.3x
Thu, 16 Nov 2023HK$499.8bHK$195.8bHK$37.0b11.9x13.5x2.6x
Sat, 14 Oct 2023HK$494.1bHK$196.7bHK$40.9b10.1x12.1x2.5x
Mon, 11 Sep 2023HK$501.1bHK$196.6bHK$40.8b12.3x12.3x2.5x
Wed, 09 Aug 2023HK$530.4bHK$191.2bHK$43.5b10.3x12.2x2.8x
Fri, 07 Jul 2023HK$541.5bHK$190.1bHK$44.6b10.1x12.1x2.8x
Sun, 04 Jun 2023HK$535.5bHK$192.1bHK$45.2b10.2x11.8x2.8x
Tue, 02 May 2023HK$584.9bHK$196.7bHK$46.7b11.6x12.5x3x
Thu, 30 Mar 2023HK$560.1bHK$514.6bHK$120.0b8.1x4.7x1.1x
Sat, 25 Feb 2023HK$540.4bHK$180.6bHK$40.4b8.6x13.4x3x
Mon, 23 Jan 2023HK$569.1bHK$181.5bHK$40.6b8.2x14x3.1x
Wed, 21 Dec 2022HK$507.1bHK$179.3bHK$40.0b7.1x12.7x2.8x
Fri, 18 Nov 2022HK$547.9bHK$179.0bHK$40.4b6.5x13.6x3.1x
Sun, 16 Oct 2022HK$483.2bHK$172.9bHK$38.9b6x12.4x2.8x
Tue, 13 Sep 2022HK$560.1bHK$175.0bHK$39.4b8.7x14.2x3.2x
Thu, 11 Aug 2022HK$540.4bHK$158.7bHK$34.9b11x15.5x3.4x
Sat, 09 Jul 2022HK$555.9bHK$157.3bHK$36.0b11x15.5x3.5x
Mon, 06 Jun 2022HK$563.4bHK$165.3bHK$36.4b11x15.5x3.4x
Wed, 04 May 2022HK$531.9bHK$157.7bHK$33.6b10.7x15.8x3.4x
Fri, 01 Apr 2022HK$571.0bHK$151.8bHK$31.4b12.1x18.2x3.8x
Sun, 27 Feb 2022HK$603.4bHK$143.0bHK$23.5b17.2x25.7x4.2x
Tue, 25 Jan 2022HK$597.6bHK$138.7bHK$22.3b16.1x26.8x4.3x
Thu, 23 Dec 2021HK$580.8bHK$138.6bHK$22.4b18.6x26x4.2x
Sat, 20 Nov 2021HK$665.1bHK$138.4bHK$22.3b20.1x29.8x4.8x
Mon, 18 Oct 2021HK$563.4bHK$110.3bHK$21.9b22.4x25.7x5.1x
Wed, 15 Sep 2021HK$603.2bHK$110.2bHK$21.9b24.9x27.6x5.5x
Fri, 13 Aug 2021HK$654.9bHK$127.5bHK$14.3b24.7x45.8x5.1x
Tue, 08 Jun 2021HK$562.0bHK$117.9bHK$8.1b26.6x69.5x4.8x
Price to Earnings Ratio

67x


Total Market Cap: HK$540.4bTotal Earnings: HK$8.1bTotal Revenue: HK$117.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Semiconductors Industry Price to Earnings3Y Average 22.5x202220232024
Current Industry PE
  • Investors are pessimistic on the Hong Kong 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 19.9x which is lower than its 3-year average PE of 22.5x.
  • The 3-year average PS ratio of 3.5x 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 41% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Hong Kong Tech industry?

HK Market0.33%
Tech-3.08%
Semiconductors-7.18%
Semiconductor Equipment-6.21%
Semiconductors-7.93%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 20.2x.
    • Analysts are expecting annual earnings growth of 1.9%, which is higher than its past year's earnings decline of 33.2% per year.
  • Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 25.8x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 6.7% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1010 Balk 1798 GroupHK$0.5924.2%
+HK$51.1m
-39.2%PE21.3x
6939 MEGAIN Holding (Cayman)HK$0.597.3%
+HK$20.8m
-41.0%PE7.1x
8257 Genes Tech Group HoldingsHK$0.0589.4%
+HK$5.0m
-55.4%PE2.6x
1305 Wai Chi HoldingsHK$1.001.0%
+HK$2.2m
-16.7%PE4.3x
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