Estimating The Intrinsic Value Of Genes Tech Group Holdings Company Limited (HKG:8257)
Nov 30
Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedDec 01, 2022
DataAggregated Company Financials
Companies21
- 7D-2.1%
- 3M-1.1%
- 1Y-26.8%
- YTD-23.9%
Over the last 7 days, the Semiconductors industry has dropped 2.1%, and Xinyi Solar Holdings contributed the most with a 4.6% decline. Meanwhile, GCL Technology Holdings actually outperformed within the industry, gaining 8.0% in the last week. Overall the industry is down 27% in 12 months. Earnings are forecast to grow by 4.2% annually.
Industry Valuation and Performance
Has the Hong Kong Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Dec 2022 | HK$530.9b | HK$178.2b | HK$40.2b | 7.1x | 13.2x | 3x |
| Sat, 29 Oct 2022 | HK$499.3b | HK$172.7b | HK$38.5b | 5.8x | 13x | 2.9x |
| Mon, 26 Sep 2022 | HK$513.6b | HK$173.4b | HK$39.0b | 7.4x | 13.2x | 3x |
| Wed, 24 Aug 2022 | HK$522.5b | HK$165.1b | HK$34.0b | 10.2x | 15.4x | 3.2x |
| Fri, 22 Jul 2022 | HK$542.3b | HK$156.9b | HK$35.9b | 10.8x | 15.1x | 3.5x |
| Sun, 19 Jun 2022 | HK$560.4b | HK$165.0b | HK$36.3b | 12.1x | 15.4x | 3.4x |
| Tue, 17 May 2022 | HK$512.8b | HK$164.5b | HK$36.2b | 10.3x | 14.2x | 3.1x |
| Thu, 14 Apr 2022 | HK$546.8b | HK$156.5b | HK$33.9b | 11x | 16.1x | 3.5x |
| Sat, 12 Mar 2022 | HK$599.4b | HK$143.8b | HK$22.3b | 17.3x | 26.9x | 4.2x |
| Mon, 07 Feb 2022 | HK$580.5b | HK$140.6b | HK$22.6b | 16.1x | 25.6x | 4.1x |
| Wed, 05 Jan 2022 | HK$615.0b | HK$138.7b | HK$22.4b | 18.4x | 27.5x | 4.4x |
| Fri, 03 Dec 2021 | HK$638.8b | HK$138.5b | HK$22.3b | 19.9x | 28.6x | 4.6x |
| Sun, 31 Oct 2021 | HK$593.4b | HK$114.3b | HK$23.1b | 19.9x | 25.7x | 5.2x |
| Tue, 28 Sep 2021 | HK$566.4b | HK$110.3b | HK$21.9b | 23.4x | 25.9x | 5.1x |
| Thu, 26 Aug 2021 | HK$670.7b | HK$127.5b | HK$14.3b | 24.4x | 46.9x | 5.3x |
| Fri, 02 Jul 2021 | HK$614.4b | HK$127.5b | HK$14.3b | 26x | 42.9x | 4.8x |
| Mon, 05 Apr 2021 | HK$540.4b | HK$117.8b | HK$8.1b | 22.9x | 67x | 4.6x |
| Thu, 07 Jan 2021 | HK$579.3b | HK$109.7b | HK$4.9b | 31x | 118.9x | 5.3x |
| Wed, 30 Sep 2020 | HK$401.1b | HK$106.9b | HK$5.5b | 34.1x | 72.6x | 3.8x |
| Sat, 04 Jul 2020 | HK$336.3b | HK$99.5b | HK$6.9b | 27.7x | 48.5x | 3.4x |
| Tue, 07 Apr 2020 | HK$180.4b | HK$101.3b | HK$6.0b | 13.4x | 30.1x | 1.8x |
| Fri, 10 Jan 2020 | HK$215.6b | HK$99.7b | HK$6.0b | 18.1x | 35.8x | 2.2x |
Price to Earnings Ratio
42.5x
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 13.2x which is lower than its 3-year average PE of 45.9x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 110% per year over the last three years.
- Revenues for these companies have grown 22% 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 Market | 4.53% | |
| Tech | 2.30% | |
| Semiconductors | -2.13% | |
| Semiconductor Equipment | -0.42% | |
| Semiconductors | -3.56% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 33.3x.
- Analysts are expecting annual earnings decline of 3.4%, which is lower than the prior year's growth of 98.4% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 68.6x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 0.7% per year.
- In contrast, the Semiconductors industry is expected to see its earnings decline by 3.4% 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 | |
|---|---|---|---|---|---|
| 3800 GCL Technology Holdings | HK$2.44 | 8.0% +HK$4.9b | -10.6% | PE6.3x | |
| 1010 PacRay International Holdings | HK$1.05 | 31.3% +HK$92.6m | -77.1% | PS4.1x | |
| 757 Solargiga Energy Holdings | HK$0.27 | 6.4% +HK$53.2m | -36.1% | PE3.9x | |
| 8490 Niche-Tech Semiconductor Materials | HK$0.24 | 28.6% +HK$37.4m | -29.0% | PE24.9x | |
| 1679 Risecomm Group Holdings | HK$0.18 | 5.3% +HK$16.7m | -13.6% | PS1.1x |
