SEHK:1385

Stock Analysis Report

Shanghai Fudan Microelectronics Group

Executive Summary

Shanghai Fudan Microelectronics Group Company Limited engages in designing, developing, and selling products of application specific integrated circuits (ICs) in Mainland China, rest of the Asia Pacific, and internationally.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Shanghai Fudan Microelectronics Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1385's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.4%

1385

8.8%

HK Semiconductor

1.6%

HK Market


1 Year Return

-18.8%

1385

69.5%

HK Semiconductor

6.0%

HK Market

Return vs Industry: 1385 underperformed the Hong Kong Semiconductor industry which returned 68.2% over the past year.

Return vs Market: 1385 underperformed the Hong Kong Market which returned 6.4% over the past year.


Shareholder returns

1385IndustryMarket
7 Day-1.4%8.8%1.6%
30 Day-1.1%21.4%4.4%
90 Day9.5%35.0%8.6%
1 Year-18.8%-18.8%72.0%69.5%9.9%6.0%
3 Year11.6%11.6%54.9%47.4%27.7%14.7%
5 Year7.4%7.4%63.4%47.4%21.7%1.4%

Price Volatility Vs. Market

How volatile is Shanghai Fudan Microelectronics Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1385's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1385's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1385 is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: 1385 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1385's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1385 is overvalued based on its PB Ratio (2.1x) compared to the HK Semiconductor industry average (1.4x).


Next Steps

Future Growth

How is Shanghai Fudan Microelectronics Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.2%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shanghai Fudan Microelectronics Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1385 is currently unprofitable.

Growing Profit Margin: 1385 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1385 is unprofitable, and losses have increased over the past 5 years at a rate of -10.1% per year.

Accelerating Growth: Unable to compare 1385's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1385 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (5.3%).


Return on Equity

High ROE: 1385 has a negative Return on Equity (-2.78%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Shanghai Fudan Microelectronics Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1385's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥411.3M).

Long Term Liabilities: 1385's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥17.5M).


Debt to Equity History and Analysis

Debt Level: 1385 is debt free.

Reducing Debt: 1385 has not had any debt for past 5 years.

Debt Coverage: 1385 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1385 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1385 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1385's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.0%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate 1385's dividend yield against the top 25% of dividend payers, as the company has not reported any 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

What is the CEO of Shanghai Fudan Microelectronics Group's salary, the management and board of directors tenure and is there insider trading?

13.7yrs

Average board tenure


CEO

Lei Shi (52yo)

0yrs

Tenure

CN¥3,544,000

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 ($USD514.39K) is above average for companies of similar size in the Hong Kong market ($USD340.45K).

Compensation vs Earnings: Lei's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

13.7yrs

Average Tenure

60yo

Average Age

Experienced Board: 1385's board of directors are seasoned and experienced ( 13.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellHK$163,780,60913 Mar 19
Shanghai Haitong Securities Asset Management Company Ltd
EntityCompany
Shares14,794,997
Max PriceHK$11.07
BuyHK$86,357,03313 Mar 19
Shanghai Haitong Securities Asset Management Company Ltd
EntityCompany
Shares7,800,997
Max PriceHK$11.07

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.


Management Team

  • Steven Li (62yo)

    Company Secretary

    • Junxia Cheng (72yo)

      Chief Engineer & Executive Director

      • Tenure: 19.5yrs
      • Compensation: CN¥1.27m
    • Guoxing Jiang (65yo)

      Chairman

      • Compensation: CN¥300.00k
    • Lei Shi (52yo)

      MD & Executive Director

      • Compensation: CN¥3.54m
    • Jun Yu (51yo)

      Deputy MD & Executive Director

      • Tenure: 19.5yrs
      • Compensation: CN¥2.68m
    • Linshan Diao (53yo)

      Deputy Operation Officer & GM of the Sales Department

      • Fang Jing (52yo)

        CFO and GM of Administrative & Finance Department


        Board Members

        • Qianling Zhang (82yo)

          Non-Executive Director

          • Tenure: 19.4yrs
        • Junxia Cheng (72yo)

          Chief Engineer & Executive Director

          • Tenure: 19.5yrs
          • Compensation: CN¥1.27m
        • Guoxing Jiang (65yo)

          Chairman

          • Compensation: CN¥300.00k
        • Lei Shi (52yo)

          MD & Executive Director

          • Compensation: CN¥3.54m
        • Jun Yu (51yo)

          Deputy MD & Executive Director

          • Tenure: 19.5yrs
          • Compensation: CN¥2.68m
        • Li Guo (72yo)

          Independent Non-Executive Director

          • Tenure: 13.7yrs
          • Compensation: CN¥36.00k
        • Zhicheng Ma (59yo)

          Non-Executive Director

          • Tenure: 4.5yrs
        • Huajing Zhang (58yo)

          Non-Executive Director

          • Tenure: 4.5yrs
        • Zhongyong Cao (60yo)

          Independent Non-Executive Director

          • Tenure: 0.6yrs
        • Minyong Cai

          Independent Non-Executive Director

          • Tenure: 0.6yrs

        Company Information

        Shanghai Fudan Microelectronics Group Company Limited's company bio, 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$4.417b
        • Shares outstanding: 694.50m
        • 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
        SFDM.YOTCPK (Pink Sheets LLC)ADRUSUSDJun 2010

        Biography

        Shanghai Fudan Microelectronics Group Company Limited engages in designing, developing, and selling products of application specific 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, contactless CPU card, chips, contact dual interface, CPU card chips, secured encryption chips, and HF readers. 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, including earth leakage protection device, lighting circuit, auto and motorcycle circuit, communication circuit, consumer electronics, etc. In addition, it offers bank, smart meter, social security, and smart transportation card solutions. Further, the company designs, develops, and sells IC testing software and products; produces probe cards; offers research and consultancy services of IC technology; and provides testing services for IC products. The company was formerly known as Shanghai Fudan Microelectronics Company Limited and changed its name to Shanghai Fudan Microelectronics Group Company Limited. Shanghai Fudan Microelectronics Group Company Limited was founded in 1998 and is headquartered in Shanghai, Hong Kong. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/19 12:38
        End of Day Share Price2020/01/17 00:00
        Earnings2019/06/30
        Annual Earnings2018/12/31


        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.