SHSE:603160

Stock Analysis Report

Shenzhen Goodix Technology

Executive Summary

Shenzhen Goodix Technology Co., Ltd., an integrated chip design and software solutions provider, delivers various biometrics and human-interface solutions for smart mobile terminals worldwide.

Snowflake

Fundamentals

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

How has Shenzhen Goodix Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

603160

1.2%

CN Semiconductor

3.2%

CN Market


1 Year Return

182.9%

603160

63.8%

CN Semiconductor

26.2%

CN Market


Shareholder returns

603160IndustryMarket
7 Day-2.3%1.2%3.2%
30 Day2.9%-3.5%-1.6%
90 Day35.0%22.6%4.1%
1 Year183.9%182.9%68.3%63.8%28.5%26.2%
3 Year622.8%611.0%16.0%12.0%-8.0%-11.6%
5 Yearn/a38.0%32.9%36.4%28.3%

Price Volatility Vs. Market

How volatile is Shenzhen Goodix Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shenzhen Goodix Technology undervalued compared to its fair value and its price relative to the market?

54.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 603160 (CN¥198.8) is trading above our estimate of fair value (CN¥14.56)

Significantly Undervalued: 603160 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 603160 is good value based on its PE Ratio (54.3x) compared to the Semiconductor industry average (60.4x).

PE vs Market: 603160 is poor value based on its PE Ratio (54.3x) compared to the CN market (32.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: 603160 is poor value based on its PEG Ratio (4.7x)


Price to Book Ratio

PB vs Industry: 603160 is overvalued based on its PB Ratio (17.6x) compared to the CN Semiconductor industry average (3.4x).


Next Steps

Future Growth

How is Shenzhen Goodix Technology forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603160's forecast earnings growth (11.6% per year) is above the savings rate (2.7%).

Earnings vs Market: 603160's earnings (11.6% per year) are forecast to grow slower than the CN market (18.4% per year).

High Growth Earnings: 603160's earnings are forecast to grow, but not significantly.

Revenue vs Market: 603160's revenue (18.8% per year) is forecast to grow faster than the CN market (15.3% per year).

High Growth Revenue: 603160's revenue (18.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Shenzhen Goodix Technology performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 603160's earnings have grown significantly by 20.9% per year over the past 5 years.

Accelerating Growth: 603160's earnings growth over the past year (218.5%) exceeds its 5-year average (20.9% per year).

Earnings vs Industry: 603160 earnings growth over the past year (218.5%) exceeded the Semiconductor industry 9%.


Return on Equity

High ROE: 603160's Return on Equity (33%) is considered high.


Return on Assets

ROA vs Industry: 603160 has a higher Return on Assets than the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: 603160's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Shenzhen Goodix Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 603160's short term assets (CN¥5.8B) exceeds its short term liabilities (CN¥1.9B)

Long Term Liabilities: 603160's short term assets (5.8B) exceeds its long term liabilities (29.3M)


Debt to Equity History and Analysis

Debt Level: 603160's debt to equity ratio (0.6%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 603160's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 603160's debt is well covered by operating cash flow (5581.5%).

Interest Coverage: 603160 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is Shenzhen Goodix Technology's current dividend yield, its reliability and sustainability?

0.25%

Current Dividend Yield


Dividend Yield vs Market

company0.3%marketbottom25%0.4%markettop25%1.9%industryaverage0.6%forecastin3Years0.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 603160's dividend (0.25%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 603160's dividend (0.25%) is low compared to the top 25% of dividend payers in the CN market (1.87%).

Stable Dividend: Whilst dividend payments have been stable, 603160 has been paying a dividend for less than 10 years.

Growing Dividend: 603160's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.6%), 603160's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 603160's dividends in 3 years are forecast to be well covered by earnings (27.4% payout ratio).


Next Steps

Management

What is the CEO of Shenzhen Goodix Technology's salary, the management and board of directors tenure and is there insider trading?


CEO

Fan Zhang (54yo)

0yrs

Tenure

0

Mr. Fan Zhang serves as General Manager and Director at Shenzhen Huiding Technology Co., Ltd. Mr. Zhang serves as Executive Director and General Manager of Shenzhen Huixin Technology Development Co., Ltd a ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Chongqing Liao (50yo)

    Deputy General Manager

    • Tenure: 7.6yrs
  • Fan Zhang (54yo)

    General Manager and Director

    • Tenure: 0yrs
  • Rui Ran (40yo)

    Technical Director

    • Tenure: 0yrs
  • Bo Zhou

    Deputy General Manager

    • Tenure: 0.2yrs

Board Members

  • Leiming Guo (45yo)

    Independent Director

    • Tenure: 0yrs
  • Xinghuo Zhu (57yo)

    Director

    • Tenure: 0yrs
  • Qizhi Yang (54yo)

    Director

    • Tenure: 0yrs
  • Fan Zhang (54yo)

    General Manager and Director

    • Tenure: 0yrs
  • Renjie You (48yo)

    Director

    • Tenure: 0yrs
  • Jianxin Wang (49yo)

    Independent Director

    • Tenure: 0yrs
  • Bo Zhang (55yo)

    Independent Director

    • Tenure: 0yrs
  • Yan Yan (36yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Heng Zhen Chen (52yo)

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Ying Wang (33yo)

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

Shenzhen Goodix Technology Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shenzhen Goodix Technology Co., Ltd.
  • Ticker: 603160
  • Exchange: SHSE
  • Founded: 2002
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CN¥88.723b
  • Shares outstanding: 446.29m
  • Website: https://www.goodix.com

Number of Employees


Location

  • Shenzhen Goodix Technology Co., Ltd.
  • Tengfei Industrial Building
  • Floor 2&13
  • Shenzhen
  • Guangdong Province
  • 51800
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
603160SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYOct 2016
603160XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYOct 2016

Biography

Shenzhen Goodix Technology Co., Ltd., an integrated chip design and software solutions provider, delivers various biometrics and human-interface solutions for smart mobile terminals worldwide. It offers a  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 15:16
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.