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1385

Shanghai Fudan Microelectronics GroupSEHK:1385 Stock Report

Market Cap

HK$30.6b

7D

-5.0%

1Y

52.3%

Updated

27 Sep, 2021

Data

Company Financials +
1385 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

1385 Overview

Shanghai Fudan Microelectronics Group Company Limited designs, develops, and sells products of specific application integrated circuits (ICs) in Mainland China, rest of the Asia Pacific, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Shanghai Fudan Microelectronics Group
Historical stock prices
Current Share PriceHK$20.10
52 Week HighHK$9.50
52 Week LowHK$33.20
Beta0.82
1 Month Change-22.69%
3 Month Change15.78%
1 Year Change52.27%
3 Year Change148.15%
5 Year Change212.60%
Change since IPO952.36%

Recent News & Updates

Shareholder Returns

1385HK SemiconductorHK Market
7D-5.0%-1.5%-2.4%
1Y52.3%50.3%9.1%

Return vs Industry: 1385 exceeded the Hong Kong Semiconductor industry which returned 50.3% over the past year.

Return vs Market: 1385 exceeded the Hong Kong Market which returned 9.1% over the past year.

Price Volatility

Is 1385's price volatile compared to industry and market?
1385 volatility
1385 Beta0.82
Industry Beta0.77
Market Beta1

Stable Share Price: 1385 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: 1385's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
19981,453Lei Shihttps://www.fmsh.com

Shanghai Fudan Microelectronics Group Company Limited designs, develops, and sells products of specific application integrated circuits (ICs) in Mainland China, rest of the Asia Pacific, and internationally. It offers security and identification products, including contact and contactless memory ICs, NFC tag and channel ICs, HF RFID tag ICs, sensors, contactless CPU card, chips, contact dual interface, CPU card chips, secured encryption chips, and HF reader chips. The company also provides smart meters ASIC chips, ultra-low general purpose MCU, and ePLC solutions; NVM products, such as EEPROM, SPI NOR flash, SPI and parallel NAND flash, and ASNVM; and specific analog circuits.

Shanghai Fudan Microelectronics Group Fundamentals Summary

How do Shanghai Fudan Microelectronics Group's earnings and revenue compare to its market cap?
1385 fundamental statistics
Market CapCN¥25.42b
Earnings (TTM)CN¥266.70m
Revenue (TTM)CN¥2.10b

51.0x

P/E Ratio

6.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1385 income statement (TTM)
RevenueCN¥2.10b
Cost of RevenueCN¥1.03b
Gross ProfitCN¥1.06b
ExpensesCN¥796.18m
EarningsCN¥266.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.33
Gross Margin50.70%
Net Profit Margin12.72%
Debt/Equity Ratio2.7%

How did 1385 perform over the long term?

See historical performance and comparison

Valuation

Is Shanghai Fudan Microelectronics Group undervalued compared to its fair value and its price relative to the market?

14.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1385 (HK$20.1) is trading below our estimate of fair value (HK$36.07)

Significantly Below Fair Value: 1385 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1385 is poor value based on its PE Ratio (51x) compared to the Hong Kong Semiconductor industry average (24.2x).

PE vs Market: 1385 is poor value based on its PE Ratio (51x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: 1385 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 1385 is overvalued based on its PB Ratio (6.4x) compared to the HK Semiconductor industry average (2.2x).


Future Growth

How is Shanghai Fudan Microelectronics Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

44.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1385's forecast earnings growth (44.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 1385's earnings (44.4% per year) are forecast to grow faster than the Hong Kong market (17.1% per year).

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

Revenue vs Market: 1385's revenue (17.4% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).

High Growth Revenue: 1385's revenue (17.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1385's Return on Equity is forecast to be low in 3 years time (17.6%).


Past Performance

How has Shanghai Fudan Microelectronics Group performed over the past 5 years?

-23.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1385 has high quality earnings.

Growing Profit Margin: 1385 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1385's earnings have declined by 23.1% per year over the past 5 years.

Accelerating Growth: 1385 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1385 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (52%).


Return on Equity

High ROE: 1385's Return on Equity (13.1%) is considered low.


Financial Health

How is Shanghai Fudan Microelectronics Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1385's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥636.9M).

Long Term Liabilities: 1385's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥77.4M).


Debt to Equity History and Analysis

Debt Level: 1385's debt to equity ratio (2.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1385's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1385's debt is well covered by operating cash flow (607.8%).

Interest Coverage: 1385's interest payments on its debt are well covered by EBIT (270x coverage).


Balance Sheet


Dividend

What is Shanghai Fudan Microelectronics Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1385's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1385'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 1385's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1385's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1385 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1385's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

6.2yrs

Average board tenure


CEO

Lei Shi (54 yo)

no data

Tenure

CN¥3,573,000

Compensation

Mr. Lei Shi serves as a Managing Director of Shanghai Fudan Microelectronics Group Company Limited. Mr. Shi joined Shanghai Fudan Microelectronics Company Limited at the time of its establishment in July 1...


CEO Compensation Analysis

Compensation vs Market: Lei's total compensation ($USD552.59K) is about average for companies of similar size in the Hong Kong market ($USD707.33K).

Compensation vs Earnings: Lei's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 1385's board of directors are considered experienced (6.2 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 been diluted in the past year, with total shares outstanding growing by 17.3%.


Top Shareholders

Company Information

Shanghai Fudan Microelectronics Group Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Fudan Microelectronics Group Company Limited
  • Ticker: 1385
  • Exchange: SEHK
  • Founded: 1998
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$30.604b
  • Shares outstanding: 814.50m
  • Website: https://www.fmsh.com

Number of Employees


Location

  • Shanghai Fudan Microelectronics Group Company Limited
  • Building 4
  • 127 Guotai Road
  • Shanghai
  • Shanghai Province
  • 200433
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:36
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.