SHSE:688012

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Advanced Micro-Fabrication Equipment China

Executive Summary

Advanced Micro-Fabrication Equipment Inc. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has Advanced Micro-Fabrication Equipment China's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 688012's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.1%

688012

-4.2%

CN Semiconductor

-2.6%

CN Market


1 Year Return

130.7%

688012

71.1%

CN Semiconductor

25.6%

CN Market

Return vs Industry: 688012 exceeded the CN Semiconductor industry which returned 71.1% over the past year.

Return vs Market: 688012 exceeded the CN Market which returned 25.6% over the past year.


Shareholder returns

688012IndustryMarket
7 Day-5.1%-4.2%-2.6%
30 Day-6.7%-0.7%2.1%
90 Day-26.8%-8.6%-2.0%
1 Year130.7%130.7%71.7%71.1%27.7%25.6%
3 Yearn/a83.4%76.3%11.9%6.6%
5 Yearn/a105.6%97.7%15.8%8.0%

Price Volatility Vs. Market

How volatile is Advanced Micro-Fabrication Equipment China's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Advanced Micro-Fabrication Equipment China undervalued compared to its fair value and its price relative to the market?

289.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 688012 (CN¥152.28) is trading above our estimate of fair value (CN¥1.29)

Significantly Below Fair Value: 688012 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 688012 is poor value based on its PE Ratio (289.5x) compared to the CN Semiconductor industry average (75.5x).

PE vs Market: 688012 is poor value based on its PE Ratio (289.5x) compared to the CN market (40.2x).


Price to Earnings Growth Ratio

PEG Ratio: 688012 is poor value based on its PEG Ratio (6.8x)


Price to Book Ratio

PB vs Industry: 688012 is overvalued based on its PB Ratio (21x) compared to the CN Semiconductor industry average (6.1x).


Next Steps

Future Growth

How is Advanced Micro-Fabrication Equipment China forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

42.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688012's forecast earnings growth (42.4% per year) is above the savings rate (3.3%).

Earnings vs Market: 688012's earnings (42.4% per year) are forecast to grow faster than the CN market (24.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 688012's revenue (32.6% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 688012's revenue (32.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 688012's Return on Equity is forecast to be low in 3 years time (11.1%).


Next Steps

Past Performance

How has Advanced Micro-Fabrication Equipment China performed over the past 5 years?

76.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 688012 has a large one-off gain of CN¥102.2M impacting its June 30 2020 financial results.

Growing Profit Margin: 688012's current net profit margins (13.1%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: 688012's earnings have grown significantly by 76.1% per year over the past 5 years.

Accelerating Growth: 688012's earnings growth over the past year (105.1%) exceeds its 5-year average (76.1% per year).

Earnings vs Industry: 688012 earnings growth over the past year (105.1%) exceeded the Semiconductor industry 23.9%.


Return on Equity

High ROE: 688012's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is Advanced Micro-Fabrication Equipment China's financial position?


Financial Position Analysis

Short Term Liabilities: 688012's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥968.6M).

Long Term Liabilities: 688012's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥258.5M).


Debt to Equity History and Analysis

Debt Level: 688012's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 688012's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 688012's debt is well covered by operating cash flow (2245.7%).

Interest Coverage: 688012 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Advanced Micro-Fabrication Equipment China current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 688012's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 688012's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 688012's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 688012's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 688012's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.0yrs

Average management tenure


CEO

Gerald Yin (76 yo)

16.75yrs

Tenure

Dr. Zheyao Yin, also known as Gerald, Ph.D., founded Advanced Micro-Fabrication Equipment Inc. in 2004 and has been its Executive Chairman and Chief Executive Officer since 2004. Dr. Yin also serves on the ...


Leadership Team

NamePositionTenureCompensationOwnership
Zheyao Yin
Executive Chairman & CEO16.75yrsno datano data
Andrew Weiwen Chen
Group VP & CFO8yrsno datano data
Du Zhiyou
Executive VPno datano datano data
Matt Ruby
Vice President of Legal and General Counsel13.08yrsno datano data
George Cao
Vice President of Corporate Affairs & Corporate Marketingno datano datano data
Jasmine Jiang
Vice President of HRno datano datano data
Michael Chu
Senior Vice President of Global Business Management1.17yrsno datano data
Fisher Liu
VP & Secretary of the Board of Directors1yrno datano data

8.0yrs

Average Tenure

Experienced Management: 688012's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zheyao Yin
Executive Chairman & CEO16.75yrsno datano data
Du Zhiyou
Executive VPno datano datano data
Lip-Bu Tan
Director13.83yrsno datano data
Atul Kapadia
Member of Board Observers13.83yrsno datano data
Joseph Bronson
Member of Advisory Board13.83yrsno datano data
Olivier Glauser
Member of Board Observersno datano datano data
Y. Yu
Member of Advisory Board13.83yrsno datano data
Koji Osawa
Member of Board Observers13.83yrsno datano data
Peter Perrone
Board Observerno datano datano data
Koichi Suzuki
Member of Advisory Board13.83yrsno datano data
Ashok Sinha
Member of Advisory Boardno datano datano data
Min-Su Kim
Member of Board Observersno datano datano data

13.8yrs

Average Tenure

72yo

Average Age

Experienced Board: 688012's board of directors are seasoned and experienced ( 13.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Advanced Micro-Fabrication Equipment Inc. China's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Advanced Micro-Fabrication Equipment Inc. China
  • Ticker: 688012
  • Exchange: SHSE
  • Founded: 2004
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: CN¥84.016b
  • Shares outstanding: 534.86m
  • Website: https://www.amec-inc.com

Number of Employees


Location

  • Advanced Micro-Fabrication Equipment Inc. China
  • 188 Taihua Road
  • Jinqiao Export Processing Zone (South Area)
  • Shanghai
  • 201201
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
688012SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJul 2019
688012XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2019

Biography

Advanced Micro-Fabrication Equipment Inc. China. manufactures micro-fabrication equipment to semiconductor industry and high-tech sectors. Its equipment is used to build tiny nano-scale devices that provid ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 14:40
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.