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SMG

Magnachip Semiconductor DB:SMG Stock Report

Last Price

US$18.00

Market Cap

US$815.5m

7D

11.1%

1Y

-9.1%

Updated

24 May, 2022

Data

Company Financials +
SMG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

SMG Stock Overview

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive applications.

Magnachip Semiconductor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Magnachip Semiconductor
Historical stock prices
Current Share PriceUS$18.00
52 Week HighUS$25.00
52 Week LowUS$13.50
Beta0.95
1 Month Change30.44%
3 Month Change13.92%
1 Year Change-9.09%
3 Year Change147.42%
5 Year Change138.85%
Change since IPO20.02%

Recent News & Updates

Shareholder Returns

SMGDE SemiconductorDE Market
7D11.1%-2.0%-0.4%
1Y-9.1%-11.8%-12.4%

Return vs Industry: SMG exceeded the German Semiconductor industry which returned -11.8% over the past year.

Return vs Market: SMG exceeded the German Market which returned -12.4% over the past year.

Price Volatility

Is SMG's price volatile compared to industry and market?
SMG volatility
SMG Average Weekly Movement10.6%
Semiconductor Industry Average Movement7.3%
Market Average Movement6.3%
10% most volatile stocks in DE Market10.6%
10% least volatile stocks in DE Market3.4%

Stable Share Price: SMG is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 11% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2004890YJ Kimhttps://www.magnachip.com

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, notebook PCs, monitors and liquid crystal displays, and micro light-emitting diode (LED) televisions. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, and other consumer electronics, as well as for power suppliers, e-bike, photovoltaic inverter, LED lighting, motor drive, and home appliances; and organic light-emitting diode display driver integrated circuits for OLED TVs.

Magnachip Semiconductor Fundamentals Summary

How do Magnachip Semiconductor's earnings and revenue compare to its market cap?
SMG fundamental statistics
Market CapUS$874.99m
Earnings (TTM)US$73.71m
Revenue (TTM)US$455.30m

11.9x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMG income statement (TTM)
RevenueUS$455.30m
Cost of RevenueUS$297.15m
Gross ProfitUS$158.16m
Other ExpensesUS$84.45m
EarningsUS$73.71m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.64
Gross Margin34.74%
Net Profit Margin16.19%
Debt/Equity Ratio0%

How did SMG perform over the long term?

See historical performance and comparison

Valuation

Is Magnachip Semiconductor 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


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SMG (€18) is trading below our estimate of fair value (€62.1)

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


Price To Earnings Ratio

PE vs Industry: SMG is good value based on its Price-To-Earnings Ratio (11.9x) compared to the German Semiconductor industry average (18x).

PE vs Market: SMG is good value based on its Price-To-Earnings Ratio (11.9x) compared to the German market (17.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SMG is good value based on its Price-To-Book Ratio (1.9x) compared to the DE Semiconductor industry average (2.9x).


Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-6.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMG's earnings are forecast to decline over the next 3 years (-6.1% per year).

Earnings vs Market: SMG's earnings are forecast to decline over the next 3 years (-6.1% per year).

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

Revenue vs Market: SMG's revenue (20.1% per year) is forecast to grow faster than the German market (4.6% per year).

High Growth Revenue: SMG's revenue (20.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SMG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Magnachip Semiconductor performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SMG has a large one-off gain of $43.9M impacting its March 31 2022 financial results.

Growing Profit Margin: SMG's current net profit margins (16.2%) are higher than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: SMG has become profitable over the past 5 years, growing earnings by 24.3% per year.

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

Earnings vs Industry: SMG had negative earnings growth (-8.6%) over the past year, making it difficult to compare to the Semiconductor industry average (79.5%).


Return on Equity

High ROE: SMG's Return on Equity (16%) is considered low.


Financial Health

How is Magnachip Semiconductor'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: SMG's short term assets ($421.6M) exceed its short term liabilities ($84.4M).

Long Term Liabilities: SMG's short term assets ($421.6M) exceed its long term liabilities ($42.3M).


Debt to Equity History and Analysis

Debt Level: SMG is debt free.

Reducing Debt: SMG currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: SMG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SMG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Magnachip Semiconductor 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 SMG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if SMG'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 SMG has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure


CEO

YJ Kim (56 yo)

7yrs

Tenure

US$5,572,785

Compensation

Mr. Young-Joon Kim, also known as YJ, has been the Chief Executive Officer of MagnaChip Semiconductor Corporation since May 28, 2015 and was its General Manager of Foundry Services Group. He served as an A...


CEO Compensation Analysis

Compensation vs Market: YJ's total compensation ($USD5.57M) is above average for companies of similar size in the German market ($USD1.32M).

Compensation vs Earnings: YJ's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: SMG's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: SMG's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SMG insiders have only sold shares 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

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


Key Information

  • Name: Magnachip Semiconductor Corporation
  • Ticker: SMG
  • Exchange: DB
  • Founded: 2004
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: US$874.992m
  • Listing Market Cap: US$815.492m
  • Shares outstanding: 44.89m
  • Website: https://www.magnachip.com

Number of Employees


Location

  • Magnachip Semiconductor Corporation
  • 1, AllEe Scheffer
  • Luxembourg City
  • 2520
  • Luxembourg

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 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.