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Hong Kong (HSI) Semiconductors Industry Analysis

UpdatedMar 03, 2024
DataAggregated Company Financials
Companies22
  • 7D11.7%
  • 3M-7.4%
  • 1Y-25.8%
  • YTD-2.2%

In the last week, the Semiconductors industry is up 12%, with Semiconductor Manufacturing International up 14%. Meanwhile, HG Semiconductor actually underperformed within the industry, shrinking 11% in the last week. In contrast, the industry has lost 26% in the last 12 months. As for the next few years, earnings are expected to grow by 7.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Mar 2024HK$444.1bHK$198.7bHK$36.5b11x12.2x2.2x
Tue, 30 Jan 2024HK$398.1bHK$196.9bHK$37.2b8.8x10.7x2x
Thu, 28 Dec 2023HK$450.1bHK$196.8bHK$37.2b10.2x12.1x2.3x
Sat, 25 Nov 2023HK$483.1bHK$196.4bHK$37.2b10.7x13x2.5x
Mon, 23 Oct 2023HK$490.9bHK$196.6bHK$40.8b9.7x12x2.5x
Wed, 20 Sep 2023HK$479.2bHK$196.8bHK$40.9b11.5x11.7x2.4x
Fri, 18 Aug 2023HK$494.3bHK$188.2bHK$42.4b9.7x11.7x2.6x
Sun, 16 Jul 2023HK$543.5bHK$191.0bHK$44.9b10.2x12.1x2.8x
Tue, 13 Jun 2023HK$543.1bHK$191.4bHK$45.0b10.8x12.1x2.8x
Thu, 11 May 2023HK$532.6bHK$196.2bHK$46.6b10.7x11.4x2.7x
Sat, 08 Apr 2023HK$620.3bHK$196.4bHK$46.6b10.7x13.3x3.2x
Mon, 06 Mar 2023HK$548.4bHK$182.0bHK$40.0b9.5x13.7x3x
Wed, 01 Feb 2023HK$559.6bHK$182.0bHK$40.7b8.2x13.7x3.1x
Fri, 30 Dec 2022HK$510.6bHK$179.5bHK$40.1b7.8x12.7x2.8x
Sun, 27 Nov 2022HK$521.7bHK$178.3bHK$40.2b7.3x13x2.9x
Tue, 25 Oct 2022HK$486.4bHK$172.5bHK$38.8b5.9x12.5x2.8x
Thu, 22 Sep 2022HK$521.1bHK$174.2bHK$39.3b7.7x13.3x3x
Sat, 20 Aug 2022HK$522.3bHK$165.3bHK$34.0b10.3x15.3x3.2x
Mon, 18 Jul 2022HK$537.6bHK$156.9bHK$35.9b10.7x15x3.4x
Wed, 15 Jun 2022HK$564.9bHK$164.7bHK$36.2b12.6x15.6x3.4x
Fri, 13 May 2022HK$521.0bHK$156.7bHK$33.4b10.5x15.6x3.3x
Sun, 10 Apr 2022HK$562.5bHK$156.6bHK$33.2b11.1x16.9x3.6x
Tue, 08 Mar 2022HK$572.5bHK$143.7bHK$22.3b17x25.7x4x
Thu, 03 Feb 2022HK$569.9bHK$140.6bHK$22.6b15.7x25.2x4.1x
Sat, 01 Jan 2022HK$632.6bHK$138.6bHK$22.4b18.9x28.3x4.6x
Mon, 29 Nov 2021HK$635.1bHK$138.4bHK$22.3b19.5x28.4x4.6x
Wed, 27 Oct 2021HK$591.3bHK$111.4bHK$22.1b22.7x26.8x5.3x
Fri, 24 Sep 2021HK$585.0bHK$110.3bHK$21.9b24.5x26.7x5.3x
Sun, 22 Aug 2021HK$619.7bHK$127.5bHK$14.3b22.8x43.3x4.9x
Fri, 09 Jul 2021HK$614.4bHK$127.5bHK$14.3b26x42.9x4.8x
Thu, 01 Apr 2021HK$540.4bHK$117.8bHK$8.1b22.9x67x4.6x
Price to Earnings Ratio

126.5x


Total Market Cap: HK$618.9bTotal Earnings: HK$4.9bTotal Revenue: HK$109.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Semiconductors Industry Price to Earnings3Y Average 22.6x202220232024
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 12.2x which is lower than its 3-year average PE of 22.6x.
  • The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 95% 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-1.65%
Tech4.69%
Semiconductors11.74%
Semiconductors13.13%
Semiconductor Equipment9.46%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.2x.
    • Analysts are expecting annual earnings growth of 2.7%, which is higher than its past year's earnings decline of 32.7% per year.
  • Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 26.1x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 9.6% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 2.7% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
981 Semiconductor Manufacturing InternationalHK$17.0413.8%
+HK$16.4b
0.9%PE15.5x
968 Xinyi Solar HoldingsHK$4.9120.6%
+HK$7.5b
-45.7%PE10.4x
6865 Flat Glass GroupHK$15.4610.6%
+HK$3.5b
-29.4%PE12.9x
1385 Shanghai Fudan Microelectronics GroupHK$13.9023.4%
+HK$2.2b
-57.2%PE14.4x
1347 Hua Hong SemiconductorHK$16.885.4%
+HK$1.5b
-49.8%PE13.2x
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