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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedSep 01, 2024
DataAggregated Company Financials
Companies22
- 7D3.4%
- 3M-11.1%
- 1Y-23.5%
- YTD-11.5%
The Semiconductors industry is up 3.4% in the last week, with Semiconductor Manufacturing International up 4.5%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Sun, 01 Sep 2024 | HK$406.3b | HK$178.2b | HK$9.3b | 9.4x | 43.8x | 2.3x |
| Tue, 30 Jul 2024 | HK$405.3b | HK$189.6b | HK$19.0b | 10.4x | 21.3x | 2.1x |
| Thu, 27 Jun 2024 | HK$430.9b | HK$190.0b | HK$19.2b | 12x | 22.4x | 2.3x |
| Sat, 25 May 2024 | HK$425.7b | HK$190.1b | HK$19.3b | 11.7x | 22.1x | 2.2x |
| Mon, 22 Apr 2024 | HK$410.4b | HK$189.7b | HK$21.4b | 11x | 19.1x | 2.2x |
| Wed, 20 Mar 2024 | HK$480.0b | HK$189.4b | HK$22.7b | 13.6x | 21.1x | 2.5x |
| Fri, 16 Feb 2024 | HK$390.8b | HK$196.7b | HK$36.1b | 10.4x | 10.8x | 2x |
| Sun, 14 Jan 2024 | HK$438.2b | HK$197.2b | HK$37.3b | 10.5x | 11.7x | 2.2x |
| Tue, 12 Dec 2023 | HK$458.5b | HK$196.4b | HK$37.1b | 10x | 12.3x | 2.3x |
| Thu, 09 Nov 2023 | HK$512.3b | HK$198.2b | HK$40.6b | 11.1x | 12.6x | 2.6x |
| Sat, 07 Oct 2023 | HK$479.7b | HK$196.9b | HK$40.9b | 11.2x | 11.7x | 2.4x |
| Mon, 04 Sep 2023 | HK$512.0b | HK$197.7b | HK$41.1b | 11.9x | 12.5x | 2.6x |
| Wed, 02 Aug 2023 | HK$521.9b | HK$191.5b | HK$43.6b | 10.2x | 12x | 2.7x |
| Fri, 30 Jun 2023 | HK$549.8b | HK$190.5b | HK$44.7b | 10.3x | 12.3x | 2.9x |
| Sun, 28 May 2023 | HK$534.1b | HK$192.2b | HK$45.3b | 10.1x | 11.8x | 2.8x |
| Tue, 25 Apr 2023 | HK$606.3b | HK$196.1b | HK$46.6b | 11.3x | 13x | 3.1x |
| Thu, 23 Mar 2023 | HK$559.4b | HK$182.2b | HK$40.0b | 9.4x | 14x | 3.1x |
| Sat, 18 Feb 2023 | HK$533.3b | HK$181.0b | HK$40.5b | 8.5x | 13.2x | 2.9x |
| Mon, 16 Jan 2023 | HK$541.9b | HK$181.9b | HK$40.7b | 8x | 13.3x | 3x |
| Wed, 14 Dec 2022 | HK$534.2b | HK$179.1b | HK$40.0b | 7x | 13.4x | 3x |
| Fri, 11 Nov 2022 | HK$524.9b | HK$172.9b | HK$38.6b | 6.1x | 13.6x | 3x |
| Sun, 09 Oct 2022 | HK$504.8b | HK$173.5b | HK$39.1b | 7.2x | 12.9x | 2.9x |
| Tue, 06 Sep 2022 | HK$484.1b | HK$175.2b | HK$39.5b | 8.4x | 12.3x | 2.8x |
| Thu, 04 Aug 2022 | HK$522.0b | HK$158.7b | HK$34.9b | 10.6x | 15x | 3.3x |
| Sat, 02 Jul 2022 | HK$579.4b | HK$165.1b | HK$36.3b | 13.8x | 16x | 3.5x |
| Mon, 30 May 2022 | HK$548.9b | HK$165.1b | HK$36.3b | 9.9x | 15.1x | 3.3x |
| Wed, 27 Apr 2022 | HK$485.8b | HK$156.1b | HK$34.0b | 10.7x | 14.3x | 3.1x |
| Fri, 25 Mar 2022 | HK$578.5b | HK$143.8b | HK$21.9b | 17.1x | 26.5x | 4x |
| Sun, 20 Feb 2022 | HK$599.5b | HK$140.9b | HK$22.7b | 17.5x | 26.4x | 4.3x |
| Tue, 18 Jan 2022 | HK$600.2b | HK$138.6b | HK$22.3b | 17x | 26.9x | 4.3x |
| Thu, 16 Dec 2021 | HK$628.2b | HK$138.6b | HK$22.4b | 20.4x | 28.1x | 4.5x |
| Sat, 13 Nov 2021 | HK$654.4b | HK$136.8b | HK$22.1b | 20.3x | 29.6x | 4.8x |
| Mon, 11 Oct 2021 | HK$541.3b | HK$110.3b | HK$21.9b | 21.8x | 24.7x | 4.9x |
| Wed, 08 Sep 2021 | HK$609.6b | HK$110.2b | HK$21.9b | 24.6x | 27.9x | 5.5x |
Price to Earnings Ratio
27.9x
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 42.6x 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 2.3x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 24% per year over the last three years.
- Meanwhile revenues for these companies have grown 17% per year.
- This means that although more sales are being generated, 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 | 1.07% | |
| Tech | 1.65% | |
| Semiconductors | 3.35% | |
| Semiconductors | 3.90% | |
| Semiconductor Equipment | 2.29% | |
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 24.4%, which is higher than its past year's earnings decline of 37.9% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.8x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Semiconductors 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 | |
|---|---|---|---|---|---|
| 981 Semiconductor Manufacturing International | HK$17.08 | 4.5% +HK$5.9b | -13.3% | PE34.5x | |
| 2533 Black Sesame International Holding | HK$26.20 | 31.5% +HK$3.6b | n/a | PS35.1x | |
| 3800 GCL Technology Holdings | HK$1.16 | 6.4% +HK$1.9b | -14.7% | PS1.3x | |
| 6865 Flat Glass Group | HK$10.60 | 2.9% +HK$700.2m | -45.6% | PE7.1x | |
| 1385 Shanghai Fudan Microelectronics Group | HK$10.92 | 4.8% +HK$409.5m | -41.9% | PE13.2x |
