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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies22
- 7D-7.6%
- 3M-6.2%
- 1Y-28.3%
- YTD-10.3%
Over the last 7 days, the Semiconductors industry has dropped 7.6%, driven by a pullback from ASMPT of 33%. In contrast, Sky Blue 11 has gained 10.0%. However, the industry is down 28% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | HK$415.0b | HK$189.8b | HK$19.1b | 10.2x | 21.8x | 2.2x |
| Sun, 23 Jun 2024 | HK$459.2b | HK$190.0b | HK$19.2b | 12.1x | 23.9x | 2.4x |
| Tue, 21 May 2024 | HK$443.9b | HK$190.0b | HK$19.2b | 11.8x | 23.1x | 2.3x |
| Thu, 18 Apr 2024 | HK$417.2b | HK$189.7b | HK$21.4b | 11.2x | 19.5x | 2.2x |
| Sat, 16 Mar 2024 | HK$470.9b | HK$198.6b | HK$36.5b | 13.3x | 12.9x | 2.4x |
| Mon, 12 Feb 2024 | HK$385.6b | HK$196.3b | HK$36.0b | 10.1x | 10.7x | 2x |
| Wed, 10 Jan 2024 | HK$425.6b | HK$197.5b | HK$37.4b | 10.2x | 11.4x | 2.2x |
| Fri, 08 Dec 2023 | HK$456.7b | HK$197.0b | HK$37.3b | 10.2x | 12.2x | 2.3x |
| Sun, 05 Nov 2023 | HK$509.5b | HK$198.1b | HK$40.5b | 10.9x | 12.6x | 2.6x |
| Tue, 03 Oct 2023 | HK$489.0b | HK$196.9b | HK$40.9b | 11.5x | 12x | 2.5x |
| Thu, 31 Aug 2023 | HK$511.7b | HK$193.8b | HK$40.1b | 10.3x | 12.7x | 2.6x |
| Sat, 29 Jul 2023 | HK$533.3b | HK$189.3b | HK$44.2b | 10x | 12.1x | 2.8x |
| Mon, 26 Jun 2023 | HK$540.4b | HK$191.0b | HK$44.9b | 10.5x | 12x | 2.8x |
| Wed, 24 May 2023 | HK$534.8b | HK$192.3b | HK$45.3b | 10.5x | 11.8x | 2.8x |
| Fri, 21 Apr 2023 | HK$638.5b | HK$196.3b | HK$46.6b | 11.4x | 13.7x | 3.3x |
| Sun, 19 Mar 2023 | HK$569.6b | HK$182.1b | HK$40.0b | 9.7x | 14.2x | 3.1x |
| Tue, 14 Feb 2023 | HK$556.1b | HK$181.6b | HK$40.6b | 8.6x | 13.7x | 3.1x |
| Thu, 12 Jan 2023 | HK$544.1b | HK$181.4b | HK$40.6b | 7.7x | 13.4x | 3x |
| Sat, 10 Dec 2022 | HK$521.3b | HK$179.3b | HK$40.5b | 7x | 12.9x | 2.9x |
| Mon, 07 Nov 2022 | HK$530.4b | HK$173.4b | HK$38.7b | 5.9x | 13.7x | 3.1x |
| Wed, 05 Oct 2022 | HK$496.2b | HK$173.5b | HK$39.1b | 7x | 12.7x | 2.9x |
| Fri, 02 Sep 2022 | HK$500.2b | HK$175.3b | HK$39.5b | 8.8x | 12.7x | 2.9x |
| Sun, 31 Jul 2022 | HK$544.6b | HK$157.1b | HK$36.1b | 10.5x | 15.1x | 3.5x |
| Tue, 28 Jun 2022 | HK$586.9b | HK$165.2b | HK$36.3b | 14.1x | 16.2x | 3.6x |
| Thu, 26 May 2022 | HK$550.7b | HK$165.4b | HK$36.4b | 10x | 15.1x | 3.3x |
| Sat, 23 Apr 2022 | HK$515.9b | HK$156.9b | HK$34.1b | 11.1x | 15.1x | 3.3x |
| Mon, 21 Mar 2022 | HK$582.7b | HK$143.5b | HK$22.3b | 16.9x | 26.1x | 4.1x |
| Wed, 16 Feb 2022 | HK$593.3b | HK$140.7b | HK$22.7b | 17.3x | 26.2x | 4.2x |
| Fri, 14 Jan 2022 | HK$589.8b | HK$138.7b | HK$22.3b | 16.4x | 26.4x | 4.3x |
| Sun, 12 Dec 2021 | HK$638.2b | HK$138.6b | HK$22.4b | 19.9x | 28.6x | 4.6x |
| Tue, 09 Nov 2021 | HK$638.7b | HK$134.1b | HK$21.6b | 18.6x | 29.6x | 4.8x |
| Thu, 07 Oct 2021 | HK$543.6b | HK$110.3b | HK$21.9b | 21.9x | 24.8x | 4.9x |
| Sat, 04 Sep 2021 | HK$687.7b | HK$127.5b | HK$14.3b | 25.8x | 48.1x | 5.4x |
| Mon, 02 Aug 2021 | HK$675.9b | HK$127.5b | HK$14.3b | 25.2x | 47.2x | 5.3x |
Price to Earnings Ratio
47.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.8x which is higher than its 3-year average PE of 18.0x.
- The 3-year average PS ratio of 3.2x 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 10% per year over the last three years.
- Revenues for these companies have grown 14% 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 | -3.89% | |
| Tech | -6.40% | |
| Semiconductors | -7.56% | |
| Semiconductors | -4.98% | |
| Semiconductor Equipment | -12.20% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 19.6x.
- Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 39.2% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 33.4x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 1010 Sky Blue 11 | HK$0.55 | 10.0% +HK$22.2m | -34.5% | PS2.1x | |
| 2149 BaTeLab | HK$24.90 | 1.4% +HK$21.0m | n/a | PE12.7x | |
| 1305 Wai Chi Holdings | HK$0.89 | 3.5% +HK$6.6m | -33.1% | PE5.4x |
