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2156

Tongfu MicroelectronicsLtd XSEC:002156 Stock Report

Last Price

CN¥13.63

Market Cap

CN¥18.0b

7D

1.1%

1Y

-30.7%

Updated

12 May, 2022

Data

Company Financials +
2156 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends0/6

2156 Stock Overview

Tongfu Microelectronics Co.,Ltd provides integrated circuit (IC) packaging and testing services to the semiconductor industry.

Tongfu MicroelectronicsLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tongfu MicroelectronicsLtd
Historical stock prices
Current Share PriceCN¥13.63
52 Week HighCN¥25.68
52 Week LowCN¥12.36
Beta0.50
1 Month Change-10.51%
3 Month Change-23.08%
1 Year Change-30.74%
3 Year Change61.11%
5 Year Change36.71%
Change since IPO18.32%

Recent News & Updates

Shareholder Returns

2156CN SemiconductorCN Market
7D1.1%4.6%0.9%
1Y-30.7%11.8%-13.9%

Return vs Industry: 002156 underperformed the CN Semiconductor industry which returned 11.8% over the past year.

Return vs Market: 002156 underperformed the CN Market which returned -13.9% over the past year.

Price Volatility

Is 2156's price volatile compared to industry and market?
2156 volatility
2156 Average Weekly Movement5.3%
Semiconductor Industry Average Movement8.0%
Market Average Movement7.4%
10% most volatile stocks in CN Market10.3%
10% least volatile stocks in CN Market5.3%

Stable Share Price: 002156 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 002156's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199716,737Shi Leihttps://www.tfme.com

Tongfu Microelectronics Co.,Ltd provides integrated circuit (IC) packaging and testing services to the semiconductor industry. It offers wafer probe, strip testing, final testing, and system level testing semiconductor testing services; test platform and engineering services for analog and mixed signal, automotive, radio frequency, high-performance calculated devices, baseband ,memory devices, LCD driver devices, SiP devices, power module devices, and integrated circuits; and test products that includes CPU, GPU, gaming consoles, and networking products. The company was formerly known as Nantong Fujitsu Microelectronics Co., Ltd.

Tongfu MicroelectronicsLtd Fundamentals Summary

How do Tongfu MicroelectronicsLtd's earnings and revenue compare to its market cap?
2156 fundamental statistics
Market CapCN¥18.03b
Earnings (TTM)CN¥965.34m
Revenue (TTM)CN¥17.05b

18.7x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2156 income statement (TTM)
RevenueCN¥17.05b
Cost of RevenueCN¥14.28b
Gross ProfitCN¥2.77b
Other ExpensesCN¥1.80b
EarningsCN¥965.34m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin16.24%
Net Profit Margin5.66%
Debt/Equity Ratio99.0%

How did 2156 perform over the long term?

See historical performance and comparison

Valuation

Is Tongfu MicroelectronicsLtd undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 002156 (CN¥13.63) is trading below our estimate of fair value (CN¥39.59)

Significantly Below Fair Value: 002156 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 002156 is good value based on its PE Ratio (18.7x) compared to the CN Semiconductor industry average (44x).

PE vs Market: 002156 is good value based on its PE Ratio (18.7x) compared to the CN market (30x).


Price to Earnings Growth Ratio

PEG Ratio: 002156 is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 002156 is good value based on its PB Ratio (1.7x) compared to the CN Semiconductor industry average (4.3x).


Future Growth

How is Tongfu MicroelectronicsLtd forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002156's forecast earnings growth (19.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 002156's earnings (19.1% per year) are forecast to grow slower than the CN market (23.7% per year).

High Growth Earnings: 002156's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002156's revenue (16.5% per year) is forecast to grow slower than the CN market (17.2% per year).

High Growth Revenue: 002156's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002156's Return on Equity is forecast to be low in 3 years time (11.9%).


Past Performance

How has Tongfu MicroelectronicsLtd performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


48.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002156 has a high level of non-cash earnings.

Growing Profit Margin: 002156's current net profit margins (5.7%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 002156's earnings have grown significantly by 48.6% per year over the past 5 years.

Accelerating Growth: 002156's earnings growth over the past year (90.7%) exceeds its 5-year average (48.6% per year).

Earnings vs Industry: 002156 earnings growth over the past year (90.7%) exceeded the Semiconductor industry 66.5%.


Return on Equity

High ROE: 002156's Return on Equity (8.6%) is considered low.


Financial Health

How is Tongfu MicroelectronicsLtd's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002156's short term assets (CN¥10.3B) do not cover its short term liabilities (CN¥12.5B).

Long Term Liabilities: 002156's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥5.8B).


Debt to Equity History and Analysis

Debt Level: 002156's net debt to equity ratio (67.2%) is considered high.

Reducing Debt: 002156's debt to equity ratio has increased from 24.7% to 99% over the past 5 years.

Debt Coverage: 002156's debt is well covered by operating cash flow (27.5%).

Interest Coverage: 002156's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Dividend

What is Tongfu MicroelectronicsLtd 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


0.97%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 002156's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 002156'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 002156's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 002156's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 002156 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 002156 has not reported any payouts.


Next Steps

Management

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

4.0yrs

Average board tenure


CEO

Shi Lei (49 yo)

14.08yrs

Tenure

CN¥1,080,500

Compensation

Mr. Shi Lei serves as General Manager of Tongfu Microelectronics Co.,Ltd since April 10, 2008. Mr. Lei serves as Vice Chairman and Director of Tongfu Microelectronics Co.,Ltd.


Board Members

Experienced Board: 002156's board of directors are considered experienced (4 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

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


Key Information

  • Name: Tongfu Microelectronics Co.,Ltd
  • Ticker: 2156
  • Exchange: XSEC
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: CN¥18.034b
  • Shares outstanding: 1.32b
  • Website: https://www.tfme.com

Number of Employees


Location

  • Tongfu Microelectronics Co.,Ltd
  • 288 Chongchuan Road
  • Nantong
  • Jiangsu Province
  • 226006
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/12 00:00
End of Day Share Price2022/05/11 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.