Shenzhen Goodix Technology (XSSC:603160) - Share price, News & Analysis

603160 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	1/6
Financial Health	4/6
Dividends	1/6

603160 Stock Overview

Rewards

Trading at 41.2% below our estimate of its fair value

Earnings are forecast to grow 22.63% per year

Risk Analysis

High level of non-cash earnings

Profit margins (12.6%) are lower than last year (23.8%)

Shenzhen Goodix Technology Competitors

Apple

NasdaqGS:AAPL

US$2.3t

NVIDIA

NasdaqGS:NVDA

US$404.5b

Broadcom

NasdaqGS:AVGO

US$214.0b

Advanced Micro Devices

NasdaqGS:AMD

US$147.7b

Price History & Performance

Summary of all time highs, changes and price drops for Shenzhen Goodix Technology
Historical stock prices
Current Share Price	CN¥55.51
52 Week High	CN¥134.14
52 Week Low	CN¥49.50
Beta	-0.027
1 Month Change	-4.36%
3 Month Change	-38.79%
1 Year Change	-53.38%
3 Year Change	-51.16%
5 Year Change	n/a
Change since IPO	-40.50%

Shareholder Returns

	603160	CN Semiconductor	CN Market
7D	-3.8%	0.4%	-1.0%
1Y	-53.4%	9.6%	-18.0%

Return vs Industry: 603160 underperformed the CN Semiconductor industry which returned 9.6% over the past year.

Return vs Market: 603160 underperformed the CN Market which returned -18% over the past year.

Price Volatility

Is 603160's price volatile compared to industry and market?
603160 volatility
603160 Average Weekly Movement	6.2%
Semiconductor Industry Average Movement	7.9%
Market Average Movement	7.4%
10% most volatile stocks in CN Market	10.3%
10% least volatile stocks in CN Market	5.4%

Stable Share Price: 603160 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 603160's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2002	2,150	David Zhang	https://www.goodix.com

Shenzhen Goodix Technology Co., Ltd. operates as an integrated solution provider for applications based on IC design and software development offering software and hardware semiconductor solutions worldwide. It provides biometric authentication solutions for android devices, IoT applications, and automotive electronics. The company offers microcontrollers; Bluetooth low energy SoC chips; heart rate sensors; audio amplifiers; fingerprint sensors, including in-display fingerprint sensor, live finger detection, invisible fingerprint sensor, covered fingerprint sensor, and fingerprint sensor with hard coating solutions; and touchscreen and touchkey controllers, and mousepad solutions.

Shenzhen Goodix Technology Fundamentals Summary

How do Shenzhen Goodix Technology's earnings and revenue compare to its market cap?
603160 fundamental statistics
Market Cap	CN¥25.04b
Earnings (TTM)	CN¥652.83m
Revenue (TTM)	CN¥5.17b

38.4x

P/E Ratio

4.8x

P/S Ratio

Is 603160 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
603160 income statement (TTM)
Revenue	CN¥5.17b
Cost of Revenue	CN¥2.79b
Gross Profit	CN¥2.38b
Other Expenses	CN¥1.73b
Earnings	CN¥652.83m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.45
Gross Margin	46.08%
Net Profit Margin	12.63%
Debt/Equity Ratio	8.7%

How did 603160 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

15%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

41.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 603160 (CN¥55.51) is trading below our estimate of fair value (CN¥94.37)

Significantly Below Fair Value: 603160 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 603160 is good value based on its Price-To-Earnings Ratio (38.4x) compared to the CN Semiconductor industry average (46.9x).

PE vs Market: 603160 is poor value based on its Price-To-Earnings Ratio (38.4x) compared to the CN market (30x).

Price to Earnings Growth Ratio

PEG Ratio: 603160 is poor value based on its PEG Ratio (1.7x)

Price to Book Ratio

PB vs Industry: 603160 is good value based on its Price-To-Book Ratio (3.1x) compared to the CN Semiconductor industry average (4.3x).

Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

22.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603160's forecast earnings growth (22.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 603160's earnings (22.6% per year) are forecast to grow slower than the CN market (23.6% per year).

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

Revenue vs Market: 603160's revenue (18.8% per year) is forecast to grow faster than the CN market (17.2% 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

Future ROE: 603160's Return on Equity is forecast to be low in 3 years time (11.8%).

Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

9.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603160 has a high level of non-cash earnings.

Growing Profit Margin: 603160's current net profit margins (12.6%) are lower than last year (23.8%).

Past Earnings Growth Analysis

Earnings Trend: 603160's earnings have grown by 9.3% per year over the past 5 years.

Accelerating Growth: 603160's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603160 had negative earnings growth (-59.5%) over the past year, making it difficult to compare to the Semiconductor industry average (66.5%).

Return on Equity

High ROE: 603160's Return on Equity (8%) is considered low.

Financial Health

How is Shenzhen Goodix Technology's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 603160's short term assets (CN¥6.1B) exceed its short term liabilities (CN¥1.5B).

Long Term Liabilities: 603160's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥361.6M).

Debt to Equity History and Analysis

Debt Level: 603160 has more cash than its total debt.

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

Debt Coverage: 603160's operating cash flow is negative, therefore debt is not well covered.

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

Balance Sheet

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.40%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603160's dividend (0.4%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 603160's dividend (0.4%) is low compared to the top 25% of dividend payers in the CN market (2.12%).

Stability and Growth of Payments

Stable Dividend: 603160 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603160 has only been paying a dividend for 5 years, and since then payments have fallen.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (15.3%), 603160's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 603160 is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

CEO

David Zhang (56 yo)

no data

Tenure

Mr. Fan Zhang, also known as David, serves as CEO, General Manager and Director at Shenzhen Goodix Technology Co., Ltd. (formerly known as Shenzhen Huiding Technology Co., Ltd.) Mr. Zhang serves as Executi...

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31