company background image
3006

Shanghai Fullhan Microelectronics SZSE:300613 Stock Report

Last Price

CN¥83.57

Market Cap

CN¥19.1b

7D

17.2%

1Y

6.3%

Updated

28 Jun, 2022

Data

Company Financials +
300613 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance5/6
Financial Health5/6
Dividends0/6

300613 Stock Overview

Shanghai Fullhan Microelectronics Co., Ltd.

Shanghai Fullhan Microelectronics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shanghai Fullhan Microelectronics
Historical stock prices
Current Share PriceCN¥83.57
52 Week HighCN¥128.18
52 Week LowCN¥45.62
Beta0.49
1 Month Change42.13%
3 Month Change40.02%
1 Year Change6.28%
3 Year Change371.42%
5 Year Change144.49%
Change since IPO434.91%

Recent News & Updates

Shareholder Returns

300613CN SemiconductorCN Market
7D17.2%4.3%2.9%
1Y6.3%-3.0%-8.8%

Return vs Industry: 300613 exceeded the CN Semiconductor industry which returned -3% over the past year.

Return vs Market: 300613 exceeded the CN Market which returned -8.8% over the past year.

Price Volatility

Is 300613's price volatile compared to industry and market?
300613 volatility
300613 Average Weekly Movement11.1%
Semiconductor Industry Average Movement8.1%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.1%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 300613 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 300613's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
2004391Xiaoqi Yanghttps://www.fullhan.com

Shanghai Fullhan Microelectronics Co., Ltd. manufactures and sells chips and solutions for video surveillance products in China. The company offers H.264 codec SoC, image signal processor IC products, and analog and IP cameras, as well as IoT and vehicle application products. The company was founded in 2004 and is headquartered in Shanghai, China.

Shanghai Fullhan Microelectronics Fundamentals Summary

How do Shanghai Fullhan Microelectronics's earnings and revenue compare to its market cap?
300613 fundamental statistics
Market CapCN¥19.12b
Earnings (TTM)CN¥430.79m
Revenue (TTM)CN¥2.02b

44.4x

P/E Ratio

9.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300613 income statement (TTM)
RevenueCN¥2.02b
Cost of RevenueCN¥1.18b
Gross ProfitCN¥842.16m
Other ExpensesCN¥411.37m
EarningsCN¥430.79m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.88
Gross Margin41.70%
Net Profit Margin21.33%
Debt/Equity Ratio21.9%

How did 300613 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

9%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 300613 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300613?

Other financial metrics that can be useful for relative valuation.

300613 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.4x
Enterprise Value/EBITDA33.6x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does 300613's PE Ratio compare to its peers?

300613 PE Ratio vs Peers
The above table shows the PE ratio for 300613 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.1x
601908 Beijing Jingyuntong Technology
29.8xn/aCN¥18.4b
688213 Smartsens Technology (Shanghai)
57.1xn/aCN¥22.7b
300672 Hunan Goke MicroelectronicsLtd
53x30.0%CN¥14.3b
603005 China Wafer Level CSP
28.4x29.1%CN¥16.3b
300613 Shanghai Fullhan Microelectronics
44.4x25.0%CN¥19.1b

Price-To-Earnings vs Peers: 300613 is expensive based on its Price-To-Earnings Ratio (44.4x) compared to the peer average (42.1x).


Price to Earnings Ratio vs Industry

How does 300613's PE Ratio compare vs other companies in the CN Semiconductor Industry?

Price-To-Earnings vs Industry: 300613 is good value based on its Price-To-Earnings Ratio (44.4x) compared to the CN Semiconductor industry average (55.2x)


Price to Earnings Ratio vs Fair Ratio

What is 300613'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.

300613 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.4x
Fair PE Ratio45.3x

Price-To-Earnings vs Fair Ratio: 300613 is good value based on its Price-To-Earnings Ratio (44.4x) compared to the estimated Fair Price-To-Earnings Ratio (45.3x).


Share Price vs Fair Value

What is the Fair Price of 300613 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300613 (CN¥83.57) is trading above our estimate of fair value (CN¥27.42)

Significantly Below Fair Value: 300613 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: 300613 is poor value based on its PEG Ratio (1.8x)


Discover undervalued companies

Future Growth

How is Shanghai Fullhan Microelectronics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300613's forecast earnings growth (25% per year) is above the savings rate (3.3%).

Earnings vs Market: 300613's earnings (25% per year) are forecast to grow faster than the CN market (24% per year).

High Growth Earnings: 300613's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 300613's revenue (23.5% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 300613's revenue (23.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300613's Return on Equity is forecast to be high in 3 years time (22.1%)


Discover growth companies

Past Performance

How has Shanghai Fullhan Microelectronics performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300613 has a high level of non-cash earnings.

Growing Profit Margin: 300613's current net profit margins (21.3%) are higher than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: 300613's earnings have grown significantly by 31.8% per year over the past 5 years.

Accelerating Growth: 300613's earnings growth over the past year (368.2%) exceeds its 5-year average (31.8% per year).

Earnings vs Industry: 300613 earnings growth over the past year (368.2%) exceeded the Semiconductor industry 68.3%.


Return on Equity

High ROE: 300613's Return on Equity (20.1%) is considered high.


Discover strong past performing companies

Financial Health

How is Shanghai Fullhan Microelectronics's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 300613's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥197.9M).

Long Term Liabilities: 300613's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥552.4M).


Debt to Equity History and Analysis

Debt Level: 300613 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 300613's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 300613's debt is well covered by operating cash flow (44%).

Interest Coverage: 300613 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Shanghai Fullhan Microelectronics's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 300613's dividend (0.2%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 300613's dividend (0.2%) is low compared to the top 25% of dividend payers in the CN market (1.93%).


Stability and Growth of Payments

Stable Dividend: 300613 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 300613 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 300613 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: 300613 is not paying a notable dividend for the CN market.


Discover strong dividend paying companies

Management

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

0.6yrs

Average board tenure


CEO

Xiaoqi Yang (58 yo)

no data

Tenure

Mr. Xiaoqi Yang serves as Chairman and General Manager at Shanghai Fullhan Microelectronics Co., Ltd. Mr. Yang serves as an Executive Director of Shanghai Langhan Co., Ltd. He is Executive Partner of Shang...


Board Members

Experienced Board: 300613's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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

Shanghai Fullhan Microelectronics Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Fullhan Microelectronics Co., Ltd.
  • Ticker: 300613
  • Exchange: SZSE
  • Founded: 2004
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: CN¥19.124b
  • Shares outstanding: 228.84m
  • Website: https://www.fullhan.com

Number of Employees


Location

  • Shanghai Fullhan Microelectronics Co., Ltd.
  • No. 717 Yishan Road
  • Block 2, Floor 6
  • Shanghai
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.