Earnings Not Telling The Story For Semiconductor Manufacturing International Corporation (HKG:981)
Apr 25
Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies13
- 7D3.3%
- 3M-4.0%
- 1Y-38.4%
- YTDn/a
Over the last 7 days, the Semiconductors industry has remained flat, although notably Hua Hong Semiconductor declined by 3.7%. As for the longer term, the industry has declined 46% in the last year. Earnings are forecast to grow by 8.0% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | HK$240.2b | HK$79.4b | HK$10.4b | 11.8x | 23x | 3x |
| Sun, 24 Mar 2024 | HK$260.4b | HK$79.4b | HK$12.2b | 12.4x | 21.3x | 3.3x |
| Tue, 20 Feb 2024 | HK$247.0b | HK$79.5b | HK$12.4b | 10.2x | 20x | 3.1x |
| Thu, 18 Jan 2024 | HK$256.9b | HK$80.0b | HK$13.6b | 9.3x | 19x | 3.2x |
| Sat, 16 Dec 2023 | HK$304.8b | HK$80.0b | HK$13.6b | 10.2x | 22.4x | 3.8x |
| Mon, 13 Nov 2023 | HK$313.7b | HK$79.9b | HK$13.6b | 9.2x | 23.1x | 3.9x |
| Wed, 11 Oct 2023 | HK$295.4b | HK$82.8b | HK$17.4b | 8.6x | 17x | 3.6x |
| Fri, 08 Sep 2023 | HK$302.5b | HK$82.9b | HK$17.4b | 9x | 17.4x | 3.6x |
| Sun, 06 Aug 2023 | HK$298.1b | HK$85.1b | HK$18.1b | 9.1x | 16.5x | 3.5x |
| Tue, 04 Jul 2023 | HK$310.3b | HK$85.4b | HK$18.2b | 9.1x | 17.1x | 3.6x |
| Thu, 01 Jun 2023 | HK$317.7b | HK$85.4b | HK$18.2b | 8.5x | 17.5x | 3.7x |
| Sat, 29 Apr 2023 | HK$358.8b | HK$88.4b | HK$19.2b | 9.6x | 18.7x | 4.1x |
| Mon, 27 Mar 2023 | HK$325.3b | HK$86.9b | HK$19.9b | 9.9x | 16.3x | 3.7x |
| Wed, 22 Feb 2023 | HK$291.6b | HK$86.8b | HK$19.8b | 10.5x | 14.7x | 3.4x |
| Fri, 20 Jan 2023 | HK$300.4b | HK$86.7b | HK$19.8b | 9x | 15.2x | 3.5x |
| Sun, 18 Dec 2022 | HK$293.9b | HK$86.2b | HK$19.7b | 6.7x | 14.9x | 3.4x |
| Tue, 15 Nov 2022 | HK$286.8b | HK$86.4b | HK$20.5b | 6.3x | 14x | 3.3x |
| Thu, 13 Oct 2022 | HK$254.6b | HK$81.2b | HK$18.6b | 6.1x | 13.7x | 3.1x |
| Sat, 10 Sep 2022 | HK$276.4b | HK$81.4b | HK$18.6b | 8.8x | 14.9x | 3.4x |
| Mon, 08 Aug 2022 | HK$233.7b | HK$73.8b | HK$19.1b | 12.5x | 12.2x | 3.2x |
| Wed, 06 Jul 2022 | HK$227.7b | HK$73.8b | HK$19.1b | 13.1x | 11.9x | 3.1x |
| Fri, 03 Jun 2022 | HK$226.5b | HK$81.5b | HK$19.5b | 12.6x | 11.6x | 2.8x |
| Sun, 01 May 2022 | HK$227.1b | HK$73.7b | HK$16.7b | 16.5x | 13.6x | 3.1x |
| Tue, 29 Mar 2022 | HK$227.3b | HK$68.4b | HK$12.7b | 19.5x | 17.9x | 3.3x |
| Thu, 24 Feb 2022 | HK$260.1b | HK$65.5b | HK$12.4b | 21.8x | 21x | 4x |
| Sat, 22 Jan 2022 | HK$258.4b | HK$63.4b | HK$12.0b | 18.9x | 21.5x | 4.1x |
| Mon, 20 Dec 2021 | HK$258.9b | HK$63.4b | HK$12.1b | 24.8x | 21.4x | 4.1x |
| Wed, 17 Nov 2021 | HK$297.5b | HK$63.3b | HK$12.1b | 24.7x | 24.7x | 4.7x |
| Fri, 15 Oct 2021 | HK$375.4b | HK$68.2b | HK$14.0b | 26.3x | 26.8x | 5.5x |
| Sun, 12 Sep 2021 | HK$425.4b | HK$68.1b | HK$14.0b | 36.9x | 30.4x | 6.2x |
| Tue, 10 Aug 2021 | HK$452.5b | HK$68.1b | HK$13.9b | 36.1x | 32.7x | 6.6x |
| Mon, 03 May 2021 | HK$349.0b | HK$61.9b | HK$8.9b | 26.5x | 39.1x | 5.6x |
Price to Earnings Ratio
39.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Semiconductors industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.4x which is higher than its 3-year average PE of 19.8x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Semiconductors industry have grown 5.4% per year over the last three years.
- Revenues for these companies have grown 8.7% 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 | 3.52% | |
| Tech | 1.92% | |
| Semiconductors | 1.12% | |
| Semiconductors | 3.35% | |
| Semiconductor Equipment | -1.75% | |
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 | |
|---|---|---|---|---|---|
| 981 Semiconductor Manufacturing International | HK$15.10 | 4.0% +HK$4.6b | -30.3% | PE17x | |
| 1347 Hua Hong Semiconductor | HK$15.04 | 2.0% +HK$515.0m | -53.6% | PE11.8x | |
| 1385 Shanghai Fudan Microelectronics Group | HK$10.02 | 1.7% +HK$139.2m | -57.5% | PE10.6x | |
| 85 China Electronics Huada Technology | HK$1.30 | 1.6% +HK$40.6m | 16.1% | PE3.8x | |
| 2203 Brainhole Technology | HK$0.084 | 110.0% +HK$35.2m | -35.4% | PS0.3x |
