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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies23
- 7D-5.8%
- 3M-14.8%
- 1Y26.0%
- YTD1.3%
Over the last 7 days, the Semiconductors industry has dropped 6.1%, driven by a decline by GCL-Poly Energy Holdings of 14%. This takes the industry's 12 month performance to a gain of 29%.
Industry Valuation and Performance
Has the Hong Kong Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 30 Nov 2021 | HK$635.1b | HK$138.4b | HK$22.3b | 19.5x |
| Thu, 28 Oct 2021 | HK$580.1b | HK$111.4b | HK$22.1b | 22x |
| Sat, 25 Sep 2021 | HK$581.2b | HK$110.3b | HK$21.9b | 24.2x |
| Mon, 23 Aug 2021 | HK$632.9b | HK$127.5b | HK$14.3b | 23.6x |
| Sat, 10 Jul 2021 | HK$614.4b | HK$127.5b | HK$14.3b | 26x |
| Fri, 02 Apr 2021 | HK$540.4b | HK$117.8b | HK$8.1b | 22.9x |
| Mon, 04 Jan 2021 | HK$579.3b | HK$109.7b | HK$4.9b | 31x |
| Thu, 08 Oct 2020 | HK$401.1b | HK$106.9b | HK$5.5b | 34.1x |
| Wed, 01 Jul 2020 | HK$336.3b | HK$99.5b | HK$6.9b | 27.7x |
| Sat, 04 Apr 2020 | HK$180.4b | HK$101.3b | HK$6.0b | 13.4x |
| Tue, 07 Jan 2020 | HK$215.6b | HK$99.7b | HK$6.0b | 18.1x |
| Mon, 30 Sep 2019 | HK$185.4b | HK$99.0b | HK$4.3b | 13.8x |
| Thu, 04 Jul 2019 | HK$170.9b | HK$99.9b | HK$2.3b | 15.4x |
| Sun, 07 Apr 2019 | HK$188.0b | HK$104.1b | HK$4.4b | 18.4x |
| Wed, 09 Jan 2019 | HK$132.3b | HK$105.7b | HK$5.5b | 13.8x |
PE Ratio
16.7x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 22.2x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Semiconductor industry have grown 45% per year over the last three years, and revenues for these companies have grown 9.0% 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 Semiconductors industry?
| Semiconductors | -1.94% | |
| Semiconductor Equipment | -8.93% | |
Industry PE: Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 26.1x. However analysts are expecting annual earnings growth of 2.4%, which is lower than the prior year's growth of 87% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 17.0x.
Forecasted Growth: Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 21% over the next 5 years. However this is lower than its past earnings growth rate of 117% per year. Meanwhile, the Semiconductors industry is expected to see its earnings grow by 2.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 1347 Hua Hong Semiconductor | 12.5%+HK$7.5b | 34.0% | PE50.7x | |
| 1385 Shanghai Fudan Microelectronics Group | 1.6%+HK$366.5m | 150.9% | PE45.3x | |
| 710 BOE Varitronix | 1.7%+HK$117.8m | 247.3% | PE49.4x | |
| 8150 Seamless Green China (Holdings) | 16.1%+HK$7.9m | 2.9% | PS0.4x | |
| 1305 Wai Chi Holdings | 0.7%+HK$2.2m | 224.7% | PE7.5x |
