Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services.
Semiconductor Manufacturing International Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$21.85|
|52 Week High||HK$16.74|
|52 Week Low||HK$31.95|
|1 Month Change||-9.15%|
|3 Month Change||-8.19%|
|1 Year Change||12.98%|
|3 Year Change||161.36%|
|5 Year Change||145.51%|
|Change since IPO||-11.72%|
Recent News & Updates
The Returns On Capital At Semiconductor Manufacturing International (HKG:981) Don't Inspire Confidence
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Is Semiconductor Manufacturing International (HKG:981) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|981||HK Semiconductor||HK Market|
Return vs Industry: 981 underperformed the Hong Kong Semiconductor industry which returned 41% over the past year.
Return vs Market: 981 exceeded the Hong Kong Market which returned 5.6% over the past year.
Stable Share Price: 981 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 981's weekly volatility (6%) has been stable over the past year.
About the Company
|2000||17,354||Hai Jun Zhao||https://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) and other semiconductor services. It is also involved in wafer manufacturing, wafer probing and bumping, technology development, design service, mask manufacturing, and assembly and final testing of integrated circuits; and sale of self-manufactured products. In addition, the company designs and manufactures semiconductor masks; and offers marketing related services.
Semiconductor Manufacturing International Fundamentals Summary
|981 fundamental statistics|
Is 981 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|981 income statement (TTM)|
|Cost of Revenue||US$3.42b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.18|
|Net Profit Margin||30.08%|
How did 981 perform over the long term?See historical performance and comparison
Is Semiconductor Manufacturing International undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 981 (HK$21.85) is trading above our estimate of fair value (HK$6.88)
Significantly Below Fair Value: 981 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 981 is good value based on its PE Ratio (16.3x) compared to the Hong Kong Semiconductor industry average (24.3x).
PE vs Market: 981 is poor value based on its PE Ratio (16.3x) compared to the Hong Kong market (9.8x).
Price to Earnings Growth Ratio
PEG Ratio: 981's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 981 is good value based on its PB Ratio (1.4x) compared to the HK Semiconductor industry average (2.3x).
How is Semiconductor Manufacturing International forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 981's earnings are forecast to decline over the next 3 years (-10.9% per year).
Earnings vs Market: 981's earnings are forecast to decline over the next 3 years (-10.9% per year).
High Growth Earnings: 981's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 981's revenue (8.4% per year) is forecast to grow slower than the Hong Kong market (12.3% per year).
High Growth Revenue: 981's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 981's Return on Equity is forecast to be low in 3 years time (4.9%).
How has Semiconductor Manufacturing International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 981 has a high level of non-cash earnings.
Growing Profit Margin: 981's current net profit margins (30.1%) are higher than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: 981's earnings have grown significantly by 29.2% per year over the past 5 years.
Accelerating Growth: 981's earnings growth over the past year (243.3%) exceeds its 5-year average (29.2% per year).
Earnings vs Industry: 981 earnings growth over the past year (243.3%) exceeded the Semiconductor industry 52%.
Return on Equity
High ROE: 981's Return on Equity (5.8%) is considered low.
How is Semiconductor Manufacturing International's financial position?
Financial Position Analysis
Short Term Liabilities: 981's short term assets ($14.1B) exceed its short term liabilities ($3.5B).
Long Term Liabilities: 981's short term assets ($14.1B) exceed its long term liabilities ($5.9B).
Debt to Equity History and Analysis
Debt Level: 981's debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: 981's debt to equity ratio has reduced from 51.3% to 25.2% over the past 5 years.
Debt Coverage: 981's debt is well covered by operating cash flow (47.9%).
Interest Coverage: 981 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Semiconductor Manufacturing International current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 981's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 981's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 981's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 981's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 981's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hai Jun Zhao (57 yo)
Dr. Hai Jun Zhao has been Co-Chief Executive Officer and Executive Director of Semiconductor Manufacturing International Corporation since May 10, 2017 and October 16, 2017, respectively. Dr. Zhao served a...
CEO Compensation Analysis
Compensation vs Market: Hai Jun's total compensation ($USD1.11M) is about average for companies of similar size in the Hong Kong market ($USD1.02M).
Compensation vs Earnings: Hai Jun's compensation has increased by more than 20% in the past year.
Experienced Management: 981's management team is considered experienced (4.1 years average tenure).
Experienced Board: 981's board of directors are considered experienced (6.5 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Semiconductor Manufacturing International Corporation's employee growth, exchange listings and data sources
- Name: Semiconductor Manufacturing International Corporation
- Ticker: 981
- Exchange: SEHK
- Founded: 2000
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: HK$172.688b
- Shares outstanding: 7.90b
- Website: https://www.smics.com
Number of Employees
- Semiconductor Manufacturing International Corporation
- No.18 Zhangjiang Road
- Pudong New Area
- Shanghai Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 15:54|
|End of Day Share Price||2021/09/23 00:00|
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.