6889

Semiconductor Manufacturing International XSSC:688981 Stock Report

Last Price

HK$40.36

Market Cap

HK$107.9b

7D

1.6%

1Y

n/a

Updated

06 May, 2022

Data

Company Financials +
688981 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

688981 Stock Overview

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) in North America, China, rest of Asia, Hong Kong, and Eurasia.

Semiconductor Manufacturing International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Semiconductor Manufacturing International
Historical stock prices
Current Share PriceHK$40.36
52 Week HighHK$56.56
52 Week LowHK$37.10
Beta0.57
1 Month Change-11.78%
3 Month Change-18.00%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-26.55%

Recent News & Updates

Shareholder Returns

688981CN SemiconductorCN Market
7D1.6%-1.2%-1.2%
1Yn/a4.2%-15.6%

Return vs Industry: Insufficient data to determine how 688981 performed against the CN Semiconductor industry.

Return vs Market: Insufficient data to determine how 688981 performed against the CN Market.

Price Volatility

Is 688981's price volatile compared to industry and market?
688981 volatility
688981 Average Weekly Movement4.5%
Semiconductor Industry Average Movement7.8%
Market Average Movement7.3%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.3%

Stable Share Price: 688981 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: Insufficient data to determine 688981's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200017,681Haijun Zhaohttps://www.smics.com

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) in North America, China, rest of Asia, Hong Kong, and Eurasia. It is also involved in the technical research and development, manufacture, and sale of semiconductor masks; provision of semiconductor foundry and technology services; and construction, operation, and management of living quarters. In addition, the company offers one-stop supporting services in design, IP support, photomask manufacturing, etc.; marketing related services; and private education services.

Semiconductor Manufacturing International Fundamentals Summary

How do Semiconductor Manufacturing International's earnings and revenue compare to its market cap?
688981 fundamental statistics
Market CapUS$16.22b
Earnings (TTM)US$1.70b
Revenue (TTM)US$5.44b

9.5x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
688981 income statement (TTM)
RevenueUS$5.44b
Cost of RevenueUS$3.77b
Gross ProfitUS$1.68b
Other Expenses-US$25.95m
EarningsUS$1.70b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 12, 2022

Earnings per share (EPS)0.22
Gross Margin30.79%
Net Profit Margin31.26%
Debt/Equity Ratio25.8%

How did 688981 perform over the long term?

See historical performance and comparison

Valuation

Is Semiconductor Manufacturing International undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


33.9%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 688981 (CN¥40.36) is trading below our estimate of fair value (CN¥61.07)

Significantly Below Fair Value: 688981 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 688981 is good value based on its PE Ratio (9.5x) compared to the CN Semiconductor industry average (42.9x).

PE vs Market: 688981 is good value based on its PE Ratio (9.5x) compared to the CN market (28.9x).


Price to Earnings Growth Ratio

PEG Ratio: 688981's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 688981 is good value based on its PB Ratio (0.9x) compared to the CN Semiconductor industry average (4x).


Future Growth

How is Semiconductor Manufacturing International forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-3.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688981's earnings are forecast to decline over the next 3 years (-3.8% per year).

Earnings vs Market: 688981's earnings are forecast to decline over the next 3 years (-3.8% per year).

High Growth Earnings: 688981's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 688981's revenue (13.4% per year) is forecast to grow slower than the CN market (17.1% per year).

High Growth Revenue: 688981's revenue (13.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 688981's Return on Equity is forecast to be low in 3 years time (7.3%).


Past Performance

How has Semiconductor Manufacturing International 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


46.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 688981 has a large one-off gain of $726.7M impacting its December 31 2021 financial results.

Growing Profit Margin: 688981's current net profit margins (31.3%) are higher than last year (18.1%).


Past Earnings Growth Analysis

Earnings Trend: 688981's earnings have grown significantly by 46.1% per year over the past 5 years.

Accelerating Growth: 688981's earnings growth over the past year (140.5%) exceeds its 5-year average (46.1% per year).

Earnings vs Industry: 688981 earnings growth over the past year (140.5%) exceeded the Semiconductor industry 67.2%.


Return on Equity

High ROE: 688981's Return on Equity (7%) is considered low.


Financial Health

How is Semiconductor Manufacturing International's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 688981's short term assets ($15.2B) exceed its short term liabilities ($4.5B).

Long Term Liabilities: 688981's short term assets ($15.2B) exceed its long term liabilities ($6.2B).


Debt to Equity History and Analysis

Debt Level: 688981 has more cash than its total debt.

Reducing Debt: 688981's debt to equity ratio has reduced from 48.4% to 25.8% over the past 5 years.

Debt Coverage: 688981's debt is well covered by operating cash flow (45.9%).

Interest Coverage: 688981 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Semiconductor Manufacturing International 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

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 688981's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 688981'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 688981's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 688981's dividend payments have been increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 688981 has not reported any payouts.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Haijun Zhao (57 yo)

5yrs

Tenure

US$1,564,000

Compensation

Dr. Haijun Zhao has been Co-Chief Executive Officer and Executive Director of Semiconductor Manufacturing International Corporation since May 10, 2017 and October 16, 2017, respectively. Dr. Zhao served as...


CEO Compensation Analysis

Compensation vs Market: Haijun's total compensation ($USD1.56M) is above average for companies of similar size in the CN market ($USD355.60K).

Compensation vs Earnings: Haijun's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 688981's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: 688981's board of directors are considered experienced (7.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Semiconductor Manufacturing International Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Semiconductor Manufacturing International Corporation
  • Ticker: 688981
  • Exchange: XSSC
  • Founded: 2000
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: HK$127.325b
  • Listing Market Cap: HK$107.950b
  • Shares outstanding: 7.91b
  • Website: https://www.smics.com

Number of Employees


Location

  • Semiconductor Manufacturing International Corporation
  • No.18 Zhangjiang Road
  • Pudong New Area
  • Shanghai
  • 201203
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/06 00:00
End of Day Share Price2022/05/05 00:00
Earnings2021/12/31
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.