Semiconductor Manufacturing International Corporation (HKG:981) Looks Just Right With A 25% Price Jump
Dec 30
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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedDec 31, 2024
DataAggregated Company Financials
Companies23
- 7D8.0%
- 3M23.2%
- 1Y29.1%
- YTD30.9%
Over the last 7 days, the Semiconductors industry has risen 5.8%, driven by gains from Semiconductor Manufacturing International of 12%. This means that the industry has gained 25% over the past year. Looking forward, earnings are forecast to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | HK$656.8b | HK$177.6b | HK$7.6b | 11.7x | 87x | 3.7x |
| Thu, 28 Nov 2024 | HK$583.8b | HK$177.6b | HK$8.6b | 12.8x | 68x | 3.3x |
| Sat, 26 Oct 2024 | HK$649.4b | HK$177.3b | HK$9.2b | 12.7x | 70.3x | 3.7x |
| Mon, 23 Sep 2024 | HK$376.4b | HK$178.4b | HK$9.2b | 9.9x | 40.7x | 2.1x |
| Wed, 21 Aug 2024 | HK$417.5b | HK$192.5b | HK$17.3b | 10.1x | 24.1x | 2.2x |
| Fri, 19 Jul 2024 | HK$440.3b | HK$190.1b | HK$19.2b | 11.8x | 22.9x | 2.3x |
| Sun, 16 Jun 2024 | HK$456.3b | HK$190.1b | HK$19.2b | 12.6x | 23.7x | 2.4x |
| Tue, 14 May 2024 | HK$449.8b | HK$190.0b | HK$19.3b | 12.7x | 23.3x | 2.4x |
| Thu, 11 Apr 2024 | HK$444.8b | HK$189.8b | HK$21.5b | 12.3x | 20.7x | 2.3x |
| Sat, 09 Mar 2024 | HK$464.1b | HK$198.6b | HK$36.5b | 13.1x | 12.7x | 2.3x |
| Mon, 05 Feb 2024 | HK$370.8b | HK$197.4b | HK$36.9b | 8.7x | 10x | 1.9x |
| Wed, 03 Jan 2024 | HK$458.3b | HK$197.4b | HK$37.4b | 10.5x | 12.3x | 2.3x |
| Fri, 01 Dec 2023 | HK$478.3b | HK$196.9b | HK$37.3b | 10.4x | 12.8x | 2.4x |
| Sun, 29 Oct 2023 | HK$486.7b | HK$195.4b | HK$40.2b | 9.9x | 12.1x | 2.5x |
| Tue, 26 Sep 2023 | HK$478.1b | HK$196.6b | HK$40.8b | 11.2x | 11.7x | 2.4x |
| Thu, 24 Aug 2023 | HK$472.2b | HK$188.3b | HK$42.5b | 9.6x | 11.1x | 2.5x |
| Sat, 22 Jul 2023 | HK$519.0b | HK$190.7b | HK$44.8b | 9.9x | 11.6x | 2.7x |
| Mon, 19 Jun 2023 | HK$584.7b | HK$191.3b | HK$45.0b | 10.4x | 13x | 3.1x |
| Wed, 17 May 2023 | HK$544.7b | HK$193.6b | HK$45.3b | 10.5x | 12x | 2.8x |
| Fri, 14 Apr 2023 | HK$601.6b | HK$196.3b | HK$46.7b | 10.8x | 12.9x | 3.1x |
| Sun, 12 Mar 2023 | HK$528.7b | HK$181.9b | HK$40.0b | 9.1x | 13.2x | 2.9x |
| Tue, 07 Feb 2023 | HK$558.9b | HK$181.9b | HK$40.7b | 8.5x | 13.7x | 3.1x |
| Thu, 05 Jan 2023 | HK$523.5b | HK$180.5b | HK$40.4b | 7.8x | 13x | 2.9x |
| Sat, 03 Dec 2022 | HK$521.2b | HK$178.6b | HK$40.3b | 7.2x | 12.9x | 2.9x |
| Mon, 31 Oct 2022 | HK$498.6b | HK$172.8b | HK$38.6b | 5.8x | 12.9x | 2.9x |
| Wed, 28 Sep 2022 | HK$521.6b | HK$173.3b | HK$39.0b | 7.6x | 13.4x | 3x |
| Fri, 26 Aug 2022 | HK$512.1b | HK$165.0b | HK$34.0b | 10.2x | 15.1x | 3.1x |
| Sun, 24 Jul 2022 | HK$548.6b | HK$157.0b | HK$36.1b | 10.7x | 15.2x | 3.5x |
| Tue, 21 Jun 2022 | HK$560.6b | HK$165.0b | HK$36.3b | 12.5x | 15.4x | 3.4x |
| Thu, 19 May 2022 | HK$537.7b | HK$164.8b | HK$36.3b | 10.3x | 14.8x | 3.3x |
| Sat, 16 Apr 2022 | HK$558.2b | HK$156.5b | HK$33.9b | 11.2x | 16.4x | 3.6x |
| Mon, 14 Mar 2022 | HK$599.2b | HK$143.7b | HK$22.3b | 17.3x | 26.8x | 4.2x |
| Wed, 09 Feb 2022 | HK$573.3b | HK$140.6b | HK$22.6b | 15.9x | 25.3x | 4.1x |
| Fri, 07 Jan 2022 | HK$587.3b | HK$138.6b | HK$22.4b | n/a | 26.2x | 4.2x |
Price to Earnings Ratio
26.2x
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 85.2x which is higher than its 3-year average PE of 20.9x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 30% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 1.07% | |
| Tech | 6.46% | |
| Semiconductors | 8.00% | |
| Semiconductors | 10.50% | |
| Semiconductor Equipment | -0.12% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 24.8x.
- Analysts are expecting annual earnings growth of 25.7%, which is higher than its past year's earnings decline of 49.7% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.9x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| 981 Semiconductor Manufacturing International | HK$32.60 | 12.0% +HK$27.9b | 64.1% | PE59.8x | |
| 1347 Hua Hong Semiconductor | HK$22.65 | 5.8% +HK$2.1b | 20.0% | PE42.2x | |
| 968 Xinyi Solar Holdings | HK$3.15 | 4.7% +HK$1.3b | -30.9% | PE6x | |
| 2533 Black Sesame International Holding | HK$27.85 | 5.9% +HK$882.2m | n/a | PS38.6x | |
| 650 Productive Technologies | HK$0.20 | 14.3% +HK$185.0m | -56.5% | PS4x |
