Analysis Article • 16h
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- 7D8.3%
- 3M-15.9%
- 1Y14.7%
- YTD4.5%
Semiconductor Manufacturing International is up 6.0%, leading the way for the Semiconductors industry, which has gained 8.3%. During this same period, the BASiC Semiconductor underperformed, falling 44%. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 42% 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 |
|---|---|---|---|---|---|---|
| Tue, 01 Sep 2026 | HK$1.6t | HK$200.4b | -HK$12,928,956,652.22 | 35.3x | -126.7x | 8.2x |
| Thu, 30 Jul 2026 | HK$1.5t | HK$190.0b | HK$1.9b | 20.8x | 807.9x | 7.9x |
| Sat, 27 Jun 2026 | HK$1.8t | HK$188.4b | HK$2.1b | 18.8x | 826.8x | 9.3x |
| Mon, 25 May 2026 | HK$1.5t | HK$188.5b | HK$2.1b | 25.5x | 728.3x | 8.2x |
| Wed, 22 Apr 2026 | HK$1.3t | HK$185.3b | HK$2.2b | 28.8x | 612.6x | 7.2x |
| Fri, 20 Mar 2026 | HK$1.1t | HK$177.6b | -HK$2,589,439,855.21 | 31.8x | -442.9x | 6.5x |
| Sun, 15 Feb 2026 | HK$1.3t | HK$176.6b | -HK$4,776,029,059.83 | 24.1x | -266.7x | 7.2x |
| Tue, 13 Jan 2026 | HK$1.3t | HK$175.6b | -HK$4,672,631,143.66 | 25.5x | -275.6x | 7.3x |
| Thu, 11 Dec 2025 | HK$1.1t | HK$173.6b | -HK$3,397,093,224.50 | 27.4x | -329.4x | 6.4x |
| Sat, 08 Nov 2025 | HK$1.2t | HK$171.0b | -HK$3,197,290,923.05 | 22.9x | -369.4x | 6.9x |
| Mon, 06 Oct 2025 | HK$1.3t | HK$168.8b | -HK$3,448,544,688.27 | 28.9x | -385.1x | 7.9x |
| Wed, 03 Sep 2025 | HK$1.0t | HK$169.0b | -HK$3,425,787,051.09 | 23.3x | -292.7x | 5.9x |
| Fri, 01 Aug 2025 | HK$812.8b | HK$172.6b | HK$1.5b | 25.2x | 547.6x | 4.7x |
| Sun, 29 Jun 2025 | HK$723.1b | HK$172.8b | HK$1.4b | 24.5x | 500.1x | 4.2x |
| Tue, 27 May 2025 | HK$689.6b | HK$172.4b | HK$1.4b | 21.7x | 496.2x | 4x |
| Thu, 24 Apr 2025 | HK$735.3b | HK$167.2b | HK$1.6b | 22.2x | 467.6x | 4.4x |
| Sat, 22 Mar 2025 | HK$764.6b | HK$172.4b | HK$3.1b | 26.7x | 245.1x | 4.4x |
| Mon, 17 Feb 2025 | HK$760.8b | HK$178.9b | HK$7.1b | 12.7x | 107.6x | 4.3x |
| Wed, 15 Jan 2025 | HK$666.5b | HK$177.7b | HK$7.6b | 11.8x | 88x | 3.8x |
| Fri, 13 Dec 2024 | HK$586.7b | HK$177.3b | HK$8.6b | 12.8x | 68.3x | 3.3x |
| Sun, 10 Nov 2024 | HK$647.1b | HK$178.2b | HK$8.6b | 13.5x | 75.4x | 3.6x |
| Tue, 08 Oct 2024 | HK$606.2b | HK$178.2b | HK$9.2b | 15.9x | 65.7x | 3.4x |
| Thu, 05 Sep 2024 | HK$393.9b | HK$178.0b | HK$9.3b | 9.7x | 42.5x | 2.2x |
| Sat, 03 Aug 2024 | HK$407.7b | HK$190.7b | HK$19.7b | 10.1x | 20.7x | 2.1x |
| Mon, 01 Jul 2024 | HK$433.8b | HK$190.0b | HK$19.2b | 11.6x | 22.6x | 2.3x |
| Wed, 29 May 2024 | HK$443.6b | HK$190.0b | HK$19.2b | 11.9x | 23x | 2.3x |
| Fri, 26 Apr 2024 | HK$416.6b | HK$188.8b | HK$21.3b | 11x | 19.6x | 2.2x |
| Sun, 24 Mar 2024 | HK$463.9b | HK$189.1b | HK$22.7b | 12.7x | 20.4x | 2.5x |
| Tue, 20 Feb 2024 | HK$395.4b | HK$195.9b | HK$35.9b | 10.4x | 11x | 2x |
| Thu, 18 Jan 2024 | HK$412.2b | HK$196.9b | HK$37.2b | 9.9x | 11.1x | 2.1x |
| Sat, 16 Dec 2023 | HK$464.7b | HK$197.2b | HK$37.4b | 10x | 12.4x | 2.4x |
| Mon, 13 Nov 2023 | HK$478.6b | HK$195.3b | HK$36.9b | 10.7x | 13x | 2.5x |
| Wed, 11 Oct 2023 | HK$478.2b | HK$196.7b | HK$40.9b | 10.7x | 11.7x | 2.4x |
| Fri, 08 Sep 2023 | HK$499.4b | HK$196.8b | HK$40.9b | 12.3x | 12.2x | 2.5x |
Price to Earnings Ratio
12.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Semiconductor industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 8.2x.
Past Earnings Growth
- Total earnings for the Semiconductor industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | 1.17% | |
| Tech | 6.85% | |
| Semiconductors | 8.26% | |
| Semiconductors | 9.30% | |
| Semiconductor Equipment | 1.21% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 53% over the next 5 years.
- However this is lower than its past earnings growth rate of 261% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 40% 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 | |
|---|---|---|---|---|---|
| 6082 Shanghai Biren Technology | HK$45.92 | 28.7% +HK$26.5b | n/a | PS46.1x | |
| 1347 Hua Hong Grace Semiconductor | HK$120.90 | 9.5% +HK$18.2b | 145.6% | PE260.8x | |
| 981 Semiconductor Manufacturing International | HK$68.85 | 1.5% +HK$8.6b | 13.4% | PE72.2x | |
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$380.00 | 2.7% +HK$8.2b | n/a | PS53x | |
| 1879 Shanghai Xizhi Technology | HK$339.40 | 10.2% +HK$2.9b | n/a | PS251.6x |
