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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedAug 10, 2024
DataAggregated Company Financials
Companies23
- 7D0.02%
- 3M-11.7%
- 1Y-23.9%
- YTD-12.1%
The Semiconductors is pretty flat in the last 7 days, but Flat Glass Group has stood out, gaining 12%. Unfortunately though, the industry is down 24% over the past 12 months. As for the next few years, earnings are expected to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Sat, 10 Aug 2024 | HK$420.3b | HK$192.3b | HK$17.3b | 10.3x | 24.3x | 2.2x |
| Mon, 08 Jul 2024 | HK$423.5b | HK$190.1b | HK$19.2b | 11x | 22x | 2.2x |
| Wed, 05 Jun 2024 | HK$453.8b | HK$190.3b | HK$19.3b | 12.6x | 23.6x | 2.4x |
| Fri, 03 May 2024 | HK$437.6b | HK$189.1b | HK$21.5b | 12x | 20.4x | 2.3x |
| Sun, 31 Mar 2024 | HK$446.8b | HK$189.9b | HK$21.5b | 11.9x | 20.8x | 2.4x |
| Tue, 27 Feb 2024 | HK$405.3b | HK$195.9b | HK$35.8b | 11.1x | 11.3x | 2.1x |
| Thu, 25 Jan 2024 | HK$416.8b | HK$198.2b | HK$37.5b | 9.3x | 11.1x | 2.1x |
| Sat, 23 Dec 2023 | HK$457.5b | HK$197.1b | HK$37.3b | 9.9x | 12.3x | 2.3x |
| Mon, 20 Nov 2023 | HK$486.4b | HK$195.8b | HK$37.0b | 11.1x | 13.1x | 2.5x |
| Wed, 18 Oct 2023 | HK$494.1b | HK$196.7b | HK$40.9b | 10.1x | 12.1x | 2.5x |
| Fri, 15 Sep 2023 | HK$495.8b | HK$197.1b | HK$41.0b | 11.7x | 12.1x | 2.5x |
| Sun, 13 Aug 2023 | HK$508.6b | HK$188.6b | HK$42.6b | 9.4x | 11.9x | 2.7x |
| Tue, 11 Jul 2023 | HK$536.9b | HK$190.3b | HK$44.7b | 10.1x | 12x | 2.8x |
| Thu, 08 Jun 2023 | HK$540.2b | HK$191.8b | HK$45.1b | 10.4x | 12x | 2.8x |
| Sat, 06 May 2023 | HK$561.5b | HK$196.7b | HK$46.7b | 11.2x | 12x | 2.9x |
| Mon, 03 Apr 2023 | HK$573.6b | HK$196.4b | HK$46.6b | 10.2x | 12.3x | 2.9x |
| Wed, 01 Mar 2023 | HK$523.4b | HK$183.6b | HK$40.5b | 8.3x | 12.9x | 2.9x |
| Fri, 27 Jan 2023 | HK$582.7b | HK$181.6b | HK$40.6b | 8.5x | 14.3x | 3.2x |
| Sun, 25 Dec 2022 | HK$497.9b | HK$179.5b | HK$40.1b | 7.8x | 12.4x | 2.8x |
| Tue, 22 Nov 2022 | HK$537.4b | HK$178.8b | HK$40.4b | 6.8x | 13.3x | 3x |
| Thu, 20 Oct 2022 | HK$480.0b | HK$172.8b | HK$38.9b | 6x | 12.3x | 2.8x |
| Sat, 17 Sep 2022 | HK$538.5b | HK$174.5b | HK$39.3b | 7.7x | 13.7x | 3.1x |
| Mon, 15 Aug 2022 | HK$530.8b | HK$165.1b | HK$33.8b | 10.6x | 15.7x | 3.2x |
| Wed, 13 Jul 2022 | HK$536.4b | HK$157.2b | HK$36.0b | 10.6x | 14.9x | 3.4x |
| Fri, 10 Jun 2022 | HK$580.7b | HK$165.2b | HK$36.3b | 12.1x | 16x | 3.5x |
| Sun, 08 May 2022 | HK$511.0b | HK$157.3b | HK$33.5b | 10.5x | 15.2x | 3.2x |
| Tue, 05 Apr 2022 | HK$581.6b | HK$156.5b | HK$33.5b | 11.8x | 17.3x | 3.7x |
| Thu, 03 Mar 2022 | HK$599.4b | HK$143.8b | HK$22.3b | 17.6x | 26.9x | 4.2x |
| Sat, 29 Jan 2022 | HK$568.9b | HK$138.6b | HK$22.3b | 15.7x | 25.5x | 4.1x |
| Mon, 27 Dec 2021 | HK$597.8b | HK$138.6b | HK$22.4b | 19.3x | 26.7x | 4.3x |
| Wed, 24 Nov 2021 | HK$657.6b | HK$138.3b | HK$22.3b | 20.2x | 29.4x | 4.8x |
| Fri, 22 Oct 2021 | HK$579.8b | HK$110.4b | HK$21.9b | 22.9x | 26.4x | 5.3x |
| Sun, 19 Sep 2021 | HK$587.3b | HK$110.3b | HK$21.9b | 24.6x | 26.8x | 5.3x |
| Tue, 17 Aug 2021 | HK$620.7b | HK$127.5b | HK$14.3b | 22.8x | 43.4x | 4.9x |
Price to Earnings Ratio
43.4x
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 24.3x which is higher than its 3-year average PE of 17.7x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 6.5% per year over the last three years.
- Revenues for these companies have grown 15% 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 Tech industry?
| HK Market | -0.15% | |
| Tech | 0.24% | |
| Semiconductors | 0.019% | |
| Semiconductor Equipment | 3.70% | |
| Semiconductors | -1.77% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 19.7x.
- Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings decline of 39.2% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 28.0x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 39% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 6865 Flat Glass Group | HK$12.12 | 11.8% +HK$3.0b | -45.4% | PE8.7x | |
| 3800 GCL Technology Holdings | HK$1.14 | 6.5% +HK$1.9b | -23.5% | PE11.2x | |
| 968 Xinyi Solar Holdings | HK$3.52 | 0.9% +HK$275.3m | -53.1% | PE6.6x | |
| 2878 Solomon Systech (International) | HK$0.28 | 3.6% +HK$25.0m | -25.0% | PE4.7x | |
| 1665 Pentamaster International | HK$0.66 | 1.5% +HK$24.0m | -29.8% | PE6.8x |
