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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedAug 28, 2024
DataAggregated Company Financials
Companies23
- 7D-2.4%
- 3M-13.3%
- 1Y-25.4%
- YTD-13.7%
Over the last 7 days, the Semiconductors industry has dropped 2.4%, driven by a pullback from Semiconductor Manufacturing International of 3.0%. The industry has fallen 25% in the last year. As for the next few years, earnings are expected to grow by 24% 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, 28 Aug 2024 | HK$404.5b | HK$193.0b | HK$17.3b | 9.7x | 23.3x | 2.1x |
| Fri, 26 Jul 2024 | HK$415.0b | HK$189.8b | HK$19.1b | 10.2x | 21.8x | 2.2x |
| Sun, 23 Jun 2024 | HK$459.2b | HK$190.0b | HK$19.2b | 12.1x | 23.9x | 2.4x |
| Tue, 21 May 2024 | HK$443.9b | HK$190.0b | HK$19.2b | 11.8x | 23.1x | 2.3x |
| Thu, 18 Apr 2024 | HK$417.2b | HK$189.7b | HK$21.4b | 11.2x | 19.5x | 2.2x |
| Sat, 16 Mar 2024 | HK$470.9b | HK$198.6b | HK$36.5b | 13.3x | 12.9x | 2.4x |
| Mon, 12 Feb 2024 | HK$385.6b | HK$196.3b | HK$36.0b | 10.1x | 10.7x | 2x |
| Wed, 10 Jan 2024 | HK$425.6b | HK$197.5b | HK$37.4b | 10.2x | 11.4x | 2.2x |
| Fri, 08 Dec 2023 | HK$456.7b | HK$197.0b | HK$37.3b | 10.2x | 12.2x | 2.3x |
| Sun, 05 Nov 2023 | HK$509.5b | HK$198.1b | HK$40.5b | 10.9x | 12.6x | 2.6x |
| Tue, 03 Oct 2023 | HK$489.0b | HK$196.9b | HK$40.9b | 11.5x | 12x | 2.5x |
| Thu, 31 Aug 2023 | HK$511.7b | HK$193.8b | HK$40.1b | 10.3x | 12.7x | 2.6x |
| Sat, 29 Jul 2023 | HK$533.3b | HK$189.3b | HK$44.2b | 10x | 12.1x | 2.8x |
| Mon, 26 Jun 2023 | HK$540.4b | HK$191.0b | HK$44.9b | 10.5x | 12x | 2.8x |
| Wed, 24 May 2023 | HK$534.8b | HK$192.3b | HK$45.3b | 10.5x | 11.8x | 2.8x |
| Fri, 21 Apr 2023 | HK$638.5b | HK$196.3b | HK$46.6b | 11.4x | 13.7x | 3.3x |
| Sun, 19 Mar 2023 | HK$569.6b | HK$182.1b | HK$40.0b | 9.7x | 14.2x | 3.1x |
| Tue, 14 Feb 2023 | HK$556.1b | HK$181.6b | HK$40.6b | 8.6x | 13.7x | 3.1x |
| Thu, 12 Jan 2023 | HK$544.1b | HK$181.4b | HK$40.6b | 7.7x | 13.4x | 3x |
| Sat, 10 Dec 2022 | HK$521.3b | HK$179.3b | HK$40.5b | 7x | 12.9x | 2.9x |
| Mon, 07 Nov 2022 | HK$530.4b | HK$173.4b | HK$38.7b | 5.9x | 13.7x | 3.1x |
| Wed, 05 Oct 2022 | HK$496.2b | HK$173.5b | HK$39.1b | 7x | 12.7x | 2.9x |
| Fri, 02 Sep 2022 | HK$500.2b | HK$175.3b | HK$39.5b | 8.8x | 12.7x | 2.9x |
| Sun, 31 Jul 2022 | HK$544.6b | HK$157.1b | HK$36.1b | 10.5x | 15.1x | 3.5x |
| Tue, 28 Jun 2022 | HK$586.9b | HK$165.2b | HK$36.3b | 14.1x | 16.2x | 3.6x |
| Thu, 26 May 2022 | HK$550.7b | HK$165.4b | HK$36.4b | 10x | 15.1x | 3.3x |
| Sat, 23 Apr 2022 | HK$515.9b | HK$156.9b | HK$34.1b | 11.1x | 15.1x | 3.3x |
| Mon, 21 Mar 2022 | HK$582.7b | HK$143.5b | HK$22.3b | 16.9x | 26.1x | 4.1x |
| Wed, 16 Feb 2022 | HK$593.3b | HK$140.7b | HK$22.7b | 17.3x | 26.2x | 4.2x |
| Fri, 14 Jan 2022 | HK$589.8b | HK$138.7b | HK$22.3b | 16.4x | 26.4x | 4.3x |
| Sun, 12 Dec 2021 | HK$638.2b | HK$138.6b | HK$22.4b | 19.9x | 28.6x | 4.6x |
| Tue, 09 Nov 2021 | HK$638.7b | HK$134.1b | HK$21.6b | 18.6x | 29.6x | 4.8x |
| Thu, 07 Oct 2021 | HK$543.6b | HK$110.3b | HK$21.9b | 21.9x | 24.8x | 4.9x |
| Sat, 04 Sep 2021 | HK$687.7b | HK$127.5b | HK$14.3b | 25.8x | 48.1x | 5.4x |
Price to Earnings Ratio
48.1x
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 23.3x which is higher than its 3-year average PE of 17.3x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 6.6% 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 | 2.06% | |
| Tech | 1.39% | |
| Semiconductors | -2.41% | |
| Semiconductor Equipment | -2.15% | |
| Semiconductors | -2.53% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.0x.
- Analysts are expecting annual earnings growth of 24.3%, which is higher than its past year's earnings decline of 32.9% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 19.7x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 33% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| 2533 Black Sesame International Holding | HK$20.20 | 2.6% +HK$296.0m | n/a | n/a | |
| 1665 Pentamaster International | HK$0.68 | 6.3% +HK$96.0m | -32.7% | PE6.8x | |
| 2878 Solomon Systech (International) | HK$0.35 | 11.1% +HK$87.3m | -1.4% | PE8.1x | |
| 6908 HG Semiconductor | HK$0.39 | 1.3% +HK$3.8m | -60.7% | PS3x | |
| 2203 Brainhole Technology | HK$0.077 | 1.3% +HK$800.0k | -24.5% | PS0.4x |
