Will Semiconductor Co., Ltd.

SHSE:603501 Stock Report

Market Cap: CN¥125.6b

Will Semiconductor Valuation

Is 603501 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 603501 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603501 (CN¥104.92) is trading above our estimate of fair value (CN¥58.05)

Significantly Below Fair Value: 603501 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603501?

Key metric: As 603501 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 603501. This is calculated by dividing 603501's market cap by their current earnings.
What is 603501's PE Ratio?
PE Ratio49x
EarningsCN¥2.56b
Market CapCN¥125.61b

Price to Earnings Ratio vs Peers

How does 603501's PE Ratio compare to its peers?

The above table shows the PE ratio for 603501 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average83.5x
688008 Montage Technology
64.6x38.9%CN¥77.2b
600584 JCET Group
46.7x35.6%CN¥73.5b
688396 China Resources Microelectronics
74.6x30.2%CN¥68.8b
600703 Sanan OptoelectronicsLtd
148x62.4%CN¥65.3b
603501 Will Semiconductor
49x32.8%CN¥125.6b

Price-To-Earnings vs Peers: 603501 is good value based on its Price-To-Earnings Ratio (49x) compared to the peer average (83.5x).

Price to Earnings Ratio vs Industry

How does 603501's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
603501 49.0xIndustry Avg. 64.2xNo. of Companies15PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 603501 is good value based on its Price-To-Earnings Ratio (49x) compared to the CN Semiconductor industry average (64.2x).

Price to Earnings Ratio vs Fair Ratio

What is 603501's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603501 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49x
Fair PE Ratio48.3x

Price-To-Earnings vs Fair Ratio: 603501 is expensive based on its Price-To-Earnings Ratio (49x) compared to the estimated Fair Price-To-Earnings Ratio (48.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 603501 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥104.92
CN¥132.90
+26.7%
13.7%CN¥165.00CN¥80.00n/a22
Nov ’25CN¥104.92
CN¥132.90
+26.7%
13.7%CN¥165.00CN¥80.00n/a22
Oct ’25CN¥107.20
CN¥127.37
+18.8%
14.2%CN¥162.00CN¥77.00n/a22
Sep ’25CN¥90.53
CN¥126.87
+40.1%
14.3%CN¥162.00CN¥77.00n/a22
Aug ’25CN¥101.90
CN¥130.76
+28.3%
9.8%CN¥165.00CN¥112.10n/a18
Jul ’25CN¥99.02
CN¥130.39
+31.7%
9.9%CN¥165.00CN¥112.10n/a18
Jun ’25CN¥94.03
CN¥128.41
+36.6%
10.3%CN¥165.00CN¥109.70n/a20
May ’25CN¥101.60
CN¥127.75
+25.7%
10.8%CN¥165.00CN¥109.70n/a20
Apr ’25CN¥100.55
CN¥126.00
+25.3%
11.0%CN¥165.00CN¥109.70n/a20
Mar ’25CN¥94.04
CN¥125.45
+33.4%
10.8%CN¥165.00CN¥109.70n/a19
Feb ’25CN¥84.30
CN¥126.34
+49.9%
10.5%CN¥165.00CN¥109.70n/a19
Jan ’25CN¥106.71
CN¥122.68
+15.0%
6.5%CN¥136.00CN¥109.70n/a17
Dec ’24CN¥109.50
CN¥121.68
+11.1%
6.1%CN¥136.00CN¥109.70n/a17
Nov ’24CN¥105.96
CN¥122.73
+15.8%
19.6%CN¥202.00CN¥61.36CN¥104.9219
Oct ’24CN¥93.06
CN¥116.07
+24.7%
22.5%CN¥202.00CN¥61.36CN¥107.2019
Sep ’24CN¥90.37
CN¥117.68
+30.2%
21.9%CN¥202.00CN¥61.36CN¥90.5318
Aug ’24CN¥103.55
CN¥119.97
+15.9%
23.9%CN¥202.00CN¥61.36CN¥101.9019
Jul ’24CN¥98.04
CN¥120.04
+22.4%
24.5%CN¥202.00CN¥61.36CN¥99.0220
Jun ’24CN¥99.50
CN¥120.04
+20.6%
24.5%CN¥202.00CN¥61.36CN¥94.0320
May ’24CN¥91.25
CN¥120.79
+32.4%
23.8%CN¥202.00CN¥61.36CN¥101.6020
Apr ’24CN¥91.10
CN¥106.64
+17.1%
28.1%CN¥202.00CN¥63.15CN¥100.5519
Mar ’24CN¥86.54
CN¥106.59
+23.2%
28.1%CN¥202.00CN¥63.15CN¥94.0419
Feb ’24CN¥94.82
CN¥103.40
+9.0%
28.8%CN¥202.00CN¥63.15CN¥84.3019
Jan ’24CN¥77.09
CN¥106.27
+37.8%
29.1%CN¥202.00CN¥63.15CN¥106.7118
Dec ’23CN¥82.19
CN¥106.38
+29.4%
29.0%CN¥202.00CN¥63.15CN¥109.5018
Nov ’23CN¥76.84
CN¥116.77
+52.0%
27.7%CN¥202.00CN¥78.18CN¥105.9618

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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