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1385

Shanghai Fudan Microelectronics Group SEHK:1385 Stock Report

Last Price

HK$36.10

Market Cap

HK$54.3b

7D

1.7%

1Y

90.2%

Updated

03 Oct, 2022

Data

Company Financials +
1385 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance5/6
Financial Health5/6
Dividends0/6

1385 Stock Overview

Shanghai Fudan Microelectronics Group Company Limited designs, develops, and sells integrated circuit products and integrated circuit product testing services in Mainland China and internationally.

Shanghai Fudan Microelectronics Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shanghai Fudan Microelectronics Group
Historical stock prices
Current Share PriceHK$36.10
52 Week HighHK$41.75
52 Week LowHK$17.72
Beta0.54
1 Month Change-4.88%
3 Month Change22.79%
1 Year Change90.20%
3 Year Change444.50%
5 Year Change483.20%
Change since IPO1,790.05%

Recent News & Updates

Sep 25
A Look At The Intrinsic Value Of Shanghai Fudan Microelectronics Group Company Limited (HKG:1385)

A Look At The Intrinsic Value Of Shanghai Fudan Microelectronics Group Company Limited (HKG:1385)

How far off is Shanghai Fudan Microelectronics Group Company Limited ( HKG:1385 ) from its intrinsic value? Using the...

Sep 09
We Like Shanghai Fudan Microelectronics Group's (HKG:1385) Returns And Here's How They're Trending

We Like Shanghai Fudan Microelectronics Group's (HKG:1385) Returns And Here's How They're Trending

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...

Aug 25
With EPS Growth And More, Shanghai Fudan Microelectronics Group (HKG:1385) Makes An Interesting Case

With EPS Growth And More, Shanghai Fudan Microelectronics Group (HKG:1385) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

1385HK SemiconductorHK Market
7D1.7%-2.9%-4.3%
1Y90.2%-32.9%-28.3%

Return vs Industry: 1385 exceeded the Hong Kong Semiconductor industry which returned -34.6% over the past year.

Return vs Market: 1385 exceeded the Hong Kong Market which returned -28.8% over the past year.

Price Volatility

Is 1385's price volatile compared to industry and market?
1385 volatility
1385 Average Weekly Movement7.3%
Semiconductor Industry Average Movement6.6%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1385 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1385's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19981,596Lei Shihttps://www.fmsh.com

Shanghai Fudan Microelectronics Group Company Limited designs, develops, and sells integrated circuit products and integrated circuit product testing services in Mainland China and internationally. It offers security and identification products, including sensors, contact and contactless memory ICs, HF RFID and NFC tag ICs, NFC channel ICs, contactless CPU cards, 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 CapHK$54.29b
Earnings (TTM)HK$938.62m
Revenue (TTM)HK$3.48b

31.3x

P/E Ratio

8.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1385 income statement (TTM)
RevenueCN¥3.15b
Cost of RevenueCN¥1.23b
Gross ProfitCN¥1.92b
Other ExpensesCN¥1.07b
EarningsCN¥850.65m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.04
Gross Margin61.00%
Net Profit Margin27.00%
Debt/Equity Ratio0%

How did 1385 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

6%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1385 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1385?

Other financial metrics that can be useful for relative valuation.

1385 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue15.3x
Enterprise Value/EBITDA49.8x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does 1385's PE Ratio compare to its peers?

1385 PE Ratio vs Peers
The above table shows the PE ratio for 1385 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x
1347 Hua Hong Semiconductor
8.1x3.2%HK$23.5b
981 Semiconductor Manufacturing International
9x-4.7%HK$177.7b
968 Xinyi Solar Holdings
20.4x27.7%HK$76.6b
2878 Solomon Systech (International)
4xn/aHK$1.1b
1385 Shanghai Fudan Microelectronics Group
31.3x23.4%HK$54.3b

Price-To-Earnings vs Peers: 1385 is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does 1385's PE Ratio compare vs other companies in the Asian Semiconductor Industry?

Price-To-Earnings vs Industry: 1385 is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the Asian Semiconductor industry average (15.8x)


Price to Earnings Ratio vs Fair Ratio

What is 1385's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1385 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.3x
Fair PE Ratio25.4x

Price-To-Earnings vs Fair Ratio: 1385 is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.4x).


Share Price vs Fair Value

What is the Fair Price of 1385 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1385 (HK$36.1) is trading below our estimate of fair value (HK$41.44)

Significantly Below Fair Value: 1385 is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1385's forecast earnings growth (23.4% per year) is above the savings rate (1.6%).

Earnings vs Market: 1385's earnings (23.4% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).

High Growth Earnings: 1385's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1385's revenue (16.8% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).

High Growth Revenue: 1385's revenue (16.8% 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 high in 3 years time (20.5%)


Discover growth companies

Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1385 has a high level of non-cash earnings.

Growing Profit Margin: 1385's current net profit margins (27%) are higher than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: 1385's earnings have grown significantly by 33.8% per year over the past 5 years.

Accelerating Growth: 1385's earnings growth over the past year (218.7%) exceeds its 5-year average (33.8% per year).

Earnings vs Industry: 1385 earnings growth over the past year (218.7%) exceeded the Semiconductor industry 73.3%.


Return on Equity

High ROE: 1385's Return on Equity (22.6%) is considered high.


Discover strong past performing companies

Financial Health

How is Shanghai Fudan Microelectronics Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1385's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥986.0M).

Long Term Liabilities: 1385's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥59.9M).


Debt to Equity History and Analysis

Debt Level: 1385 has more cash than its total debt.

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 (6955795340%).

Interest Coverage: 1385 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Shanghai Fudan Microelectronics Group 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

  • Cash Flow Coverage


0.20%

Current Dividend Yield

Dividend Yield vs Market

Shanghai Fudan Microelectronics Group Dividend Yield vs Market
How does Shanghai Fudan Microelectronics Group dividend yield compare to the market?
SegmentDividend Yield
Company (Shanghai Fudan Microelectronics Group)0.2%
Market Bottom 25% (HK)3.1%
Market Top 25% (HK)9.0%
Industry Average (Semiconductor)2.4%
Analyst forecast in 3 Years (Shanghai Fudan Microelectronics Group)0.3%

Notable Dividend: 1385's dividend (0.2%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (3.01%).

High Dividend: 1385's dividend (0.2%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.95%).


Stability and Growth of Payments

Stable Dividend: 1385 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 1385 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

3.3yrs

Average board tenure


CEO

Lei Shi (55 yo)

22.25yrs

Tenure

CN¥3,625,511

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

Lei Shi's Compensation vs Shanghai Fudan Microelectronics Group Earnings
How has Lei Shi's remuneration changed compared to Shanghai Fudan Microelectronics Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CN¥851m

Mar 31 2022n/an/a

CN¥660m

Dec 31 2021CN¥4mCN¥4m

CN¥514m

Sep 30 2021n/an/a

CN¥415m

Jun 30 2021n/an/a

CN¥267m

Mar 31 2021n/an/a

CN¥189m

Dec 31 2020CN¥4mCN¥4m

CN¥133m

Sep 30 2020n/an/a

CN¥74m

Jun 30 2020n/an/a

-CN¥4m

Mar 31 2020n/an/a

-CN¥83m

Dec 31 2019CN¥4mCN¥4m

-CN¥162m

Sep 30 2019n/an/a

-CN¥119m

Jun 30 2019n/an/a

-CN¥76m

Mar 31 2019n/an/a

CN¥16m

Dec 31 2018CN¥4mCN¥3m

CN¥107m

Sep 30 2018n/an/a

CN¥151m

Jun 30 2018n/an/a

CN¥194m

Mar 31 2018n/an/a

CN¥203m

Dec 31 2017CN¥3mCN¥3m

CN¥212m

Sep 30 2017n/an/a

CN¥222m

Jun 30 2017n/an/a

CN¥232m

Mar 31 2017n/an/a

CN¥222m

Dec 31 2016CN¥3mCN¥3m

CN¥212m

Sep 30 2016n/an/a

CN¥195m

Jun 30 2016n/an/a

CN¥177m

Mar 31 2016n/an/a

CN¥168m

Dec 31 2015CN¥2mCN¥2m

CN¥159m

Compensation vs Market: Lei's total compensation ($USD509.61K) is below average for companies of similar size in the Hong Kong market ($USD731.00K).

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 (3.3 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

SEHK:1385 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
05 Aug 22SellHK$33,787,182Springs Capital (Beijing) LimitedCompany999,000HK$33.82
17 Jun 22BuyHK$11,775,998Haining Tenbagger Capital Management Co., Ltd. - Tenbagger Return Investment FundCompany460,000HK$25.60
06 Jun 22SellHK$26,022,969Springs Capital (Beijing) LimitedCompany886,000HK$29.37
15 Mar 22BuyHK$8,666,142Haining Tenbagger Capital Management Co., Ltd. - Tenbagger Return Investment FundCompany478,000HK$18.13
06 Jan 22BuyHK$14,404,345Haining Tenbagger Capital Management Co., Ltd. - Tenbagger Return Investment FundCompany618,000HK$23.31
23 Nov 21BuyHK$2,351,160Haining Tenbagger Capital Management Co., Ltd. - Tenbagger Return Investment FundCompany84,000HK$27.99

Ownership Breakdown

What is the ownership structure of 1385?
Owner TypeNumber of SharesOwnership Percentage
Employee Share Scheme12,000,0001.5%
Individual Insiders21,466,0002.6%
Institutions155,398,95319.1%
General Public280,429,40734.4%
Private Companies345,207,64042.4%

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


Top Shareholders

Top 25 shareholders own 62.8% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.46%
Shanghai Fudan Science Technology Industry Holding Co., Ltd.
109,620,000CN¥4.0b0%no data
13.1%
Shanghai Fudan High Tech Company
106,730,000CN¥3.9b0%no data
8.21%
Shanghai Yikun Investment Management Consulting Partnership Enterprise (Limited Partnership)
66,845,110CN¥2.4b0%no data
3.25%
Shanghai Shayao Industrial Limited
26,504,980CN¥956.8m-23.51%no data
2.82%
Haining Tenbagger Capital Management Co., Ltd. - Tenbagger Return Investment Fund
22,964,000CN¥829.0m12.71%89.57%
1.95%
China Asset Management Co., Ltd.
15,882,909CN¥573.4m0%0.18%
1.81%
Shanghai Shenghao Enterprise Management Consulting Partnership Enterprise (Limited Partnership)
14,741,000CN¥532.2m0%no data
1.64%
Springs Capital (Beijing) Limited
13,385,000CN¥483.2m-17.39%57.05%
1.47%
Shanghai Fudan Microelectronics Group Company Limited, ESOP
12,000,000CN¥433.2m0%no data
1.44%
The Vanguard Group, Inc.
11,765,178CN¥424.7m1.96%no data
1.44%
JPMorgan Chase & Co, Brokerage and Securities Investments
11,756,000CN¥424.4m0%0.06%
1.44%
Shanghai Guonian Enterprise Management Partnership Enterprise (Limited Partnership)
11,755,550CN¥424.4m-60.74%no data
1.42%
Goldman Sachs Group, Investment Banking and Securities Investments
11,529,360CN¥416.2m0%0.04%
1.32%
BNY Mellon Asset Management
10,735,946CN¥387.6m0%0.01%
1.25%
Fullgoal Fund Management Co., Ltd.
10,200,031CN¥368.2m2.46%0.18%
1.15%
E Fund Management Co., Ltd.
9,379,044CN¥338.6m177.79%0.09%
1.12%
Lei Shi
9,110,000CN¥328.9m0%no data
1.11%
Shanghai Yuhao Enterprise Management Consulting Partnership Enterprise (Limited Partnership)
9,011,000CN¥325.3m0%no data
1.08%
Guoxing Jiang
8,810,000CN¥318.0m0%no data
0.62%
Guotai Asset Management Co., Ltd.
5,009,949CN¥180.9m0%0.29%
0.51%
Fullgoal Asset Management (HK) Limited
4,157,000CN¥150.1m-13.14%6.93%
0.35%
Dimensional Fund Advisors LP
2,872,261CN¥103.7m2.66%no data
0.29%
National Council for Social Security Fund
2,361,225CN¥85.2m68.12%0.04%
0.28%
CCB Principal Asset Management Co., Ltd.
2,266,555CN¥81.8m0%0.44%
0.26%
Norges Bank Investment Management
2,094,365CN¥75.6m0%no data

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
  • Implied Market Cap: HK$54.291b
  • 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
  • 200433
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1385SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDAug 2000
1385SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDAug 2000
1385SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDAug 2000
SFDM.YOTCPK (Pink Sheets LLC)ADR EACH REPR 30 ORD 'H' SHSUSUSDJun 2010
FUD0DB (Deutsche Boerse AG)ADR EACH REPR 30 ORD 'H' SHSDEEURJun 2010
688385SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYAug 2021
688385XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYAug 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
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.