Solomon Systech (International)'s (HKG:2878) Returns On Capital Are Heading Higher
Dec 04
Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedDec 06, 2023
DataAggregated Company Financials
Companies14
- 7D-9.1%
- 3M-7.3%
- 1Y-2.0%
- YTD-3.7%
Over the last 7 days, the Semiconductors industry has dropped 5.9%, driven by Semiconductor Manufacturing International declining 8.8%. Meanwhile, Comtec Solar Systems Group actually outperformed within the industry, gaining 30% in the last week. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 6.6% 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 |
|---|---|---|---|---|---|---|
| Wed, 06 Dec 2023 | HK$301.5b | HK$80.0b | HK$13.6b | 9.4x | 22.2x | 3.8x |
| Fri, 03 Nov 2023 | HK$332.1b | HK$82.7b | HK$17.2b | 8.6x | 19.3x | 4x |
| Sun, 01 Oct 2023 | HK$299.8b | HK$82.9b | HK$17.4b | 10x | 17.2x | 3.6x |
| Tue, 29 Aug 2023 | HK$282.5b | HK$82.2b | HK$17.1b | 8.5x | 16.5x | 3.4x |
| Thu, 27 Jul 2023 | HK$298.4b | HK$85.1b | HK$18.1b | 8.7x | 16.5x | 3.5x |
| Sat, 24 Jun 2023 | HK$304.1b | HK$85.3b | HK$18.1b | 8.3x | 16.8x | 3.6x |
| Mon, 22 May 2023 | HK$323.8b | HK$85.3b | HK$18.1b | 9.1x | 17.9x | 3.8x |
| Wed, 19 Apr 2023 | HK$379.7b | HK$88.4b | HK$19.2b | 9.6x | 19.8x | 4.3x |
| Fri, 17 Mar 2023 | HK$313.0b | HK$86.9b | HK$20.0b | 10x | 15.7x | 3.6x |
| Sun, 12 Feb 2023 | HK$300.6b | HK$86.9b | HK$19.9b | 8.8x | 15.1x | 3.5x |
| Tue, 10 Jan 2023 | HK$296.7b | HK$86.5b | HK$19.8b | 9x | 15x | 3.4x |
| Thu, 08 Dec 2022 | HK$281.6b | HK$86.2b | HK$20.1b | 6.5x | 14x | 3.3x |
| Sat, 05 Nov 2022 | HK$280.2b | HK$81.5b | HK$18.7b | 6.1x | 15x | 3.4x |
| Mon, 03 Oct 2022 | HK$260.7b | HK$81.3b | HK$18.6b | 7.7x | 14x | 3.2x |
| Wed, 31 Aug 2022 | HK$211.7b | HK$81.0b | HK$18.4b | 10.3x | 11.5x | 2.6x |
| Fri, 29 Jul 2022 | HK$215.3b | HK$73.7b | HK$19.1b | 12.2x | 11.3x | 2.9x |
| Sun, 26 Jun 2022 | HK$241.3b | HK$81.5b | HK$19.5b | 13x | 12.4x | 3x |
| Tue, 24 May 2022 | HK$227.6b | HK$81.5b | HK$19.5b | 11.6x | 11.7x | 2.8x |
| Thu, 21 Apr 2022 | HK$224.5b | HK$73.5b | HK$16.5b | 17x | 13.6x | 3.1x |
| Sat, 19 Mar 2022 | HK$226.9b | HK$65.9b | HK$12.5b | 21.8x | 18.1x | 3.4x |
| Mon, 14 Feb 2022 | HK$254.4b | HK$65.4b | HK$12.4b | 20.1x | 20.6x | 3.9x |
| Wed, 12 Jan 2022 | HK$246.6b | HK$63.4b | HK$12.1b | 21.7x | 20.4x | 3.9x |
| Fri, 10 Dec 2021 | HK$287.3b | HK$63.3b | HK$12.1b | 24.7x | 23.8x | 4.5x |
| Sun, 07 Nov 2021 | HK$294.4b | HK$59.1b | HK$11.3b | 26x | 26.1x | 5x |
| Tue, 05 Oct 2021 | HK$378.6b | HK$68.2b | HK$14.0b | 27.3x | 27x | 5.5x |
| Thu, 02 Sep 2021 | HK$442.1b | HK$68.1b | HK$13.9b | 37.3x | 31.9x | 6.5x |
| Sat, 31 Jul 2021 | HK$424.8b | HK$68.1b | HK$13.9b | 32.9x | 30.7x | 6.2x |
| Tue, 04 May 2021 | HK$349.0b | HK$61.9b | HK$8.9b | 26.5x | 39.1x | 5.6x |
| Fri, 05 Feb 2021 | HK$371.3b | HK$56.9b | HK$7.1b | 40.7x | 52.1x | 6.5x |
Price to Earnings Ratio
46.3x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Semiconductors industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 22.6x.
- The industry is trading close to its 3-year average PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Semiconductors industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Semiconductors compare with similar industries?
| HK Market | -4.20% | |
| Tech | -7.08% | |
| Semiconductors | -7.84% | |
| Semiconductors | -9.06% | |
| Semiconductor Equipment | -5.44% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 712 Comtec Solar Systems Group | HK$0.15 | 29.9% +HK$31.6m | -19.1% | PE21.8x |