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Semiconductor Manufacturing International

SEHK:981
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
981
SEHK
HK$42B
Market Cap
  1. Home
  2. HK
  3. Semiconductors
Company description

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. The last earnings update was 49 days ago. More info.


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981 Share Price and Events
7 Day Returns
-1.8%
SEHK:981
-2.1%
HK Semiconductor
-0.2%
HK Market
1 Year Returns
-18.6%
SEHK:981
-10.4%
HK Semiconductor
-6.6%
HK Market
981 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Semiconductor Manufacturing International (981) -1.8% -10% 6.8% -18.6% 34.5% 20.9%
HK Semiconductor -2.1% -7.4% -7.5% -10.4% 18.2% -41%
HK Market -0.2% 2.3% -5.5% -6.6% 22.5% 4.4%
1 Year Return vs Industry and Market
  • 981 underperformed the Semiconductor industry which returned -10.4% over the past year.
  • 981 underperformed the Market in Hong Kong which returned -6.6% over the past year.
Price Volatility
981
Industry
5yr Volatility vs Market

981 Value

 Is Semiconductor Manufacturing International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Semiconductor Manufacturing International. This is due to cash flow or dividend data being unavailable. The share price is HK$8.34.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Semiconductor Manufacturing International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Semiconductor Manufacturing International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:981 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.02
SEHK:981 Share Price ** SEHK (2019-06-26) in HKD HK$8.34
SEHK:981 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $1.07
Hong Kong Semiconductor Industry PE Ratio Median Figure of 17 Publicly-Listed Semiconductor Companies 14.4x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Semiconductor Manufacturing International.

SEHK:981 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:981 Share Price ÷ EPS (both in USD)

= 1.07 ÷ 0.02

48.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Semiconductor Manufacturing International is overvalued based on earnings compared to the HK Semiconductor industry average.
  • Semiconductor Manufacturing International is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Semiconductor Manufacturing International's expected growth come at a high price?
Raw Data
SEHK:981 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
39.5%per year
Hong Kong Semiconductor Industry PEG Ratio Median Figure of 6 Publicly-Listed Semiconductor Companies 0.77x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:981 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 48.32x ÷ 39.5%

1.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Semiconductor Manufacturing International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Semiconductor Manufacturing International's assets?
Raw Data
SEHK:981 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.19
SEHK:981 Share Price * SEHK (2019-06-26) in HKD HK$8.34
SEHK:981 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $1.07
Hong Kong Semiconductor Industry PB Ratio Median Figure of 29 Publicly-Listed Semiconductor Companies 1.18x
Hong Kong Market PB Ratio Median Figure of 2,173 Publicly-Listed Companies 0.93x
SEHK:981 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:981 Share Price ÷ Book Value per Share (both in USD)

= 1.07 ÷ 1.19

0.89x

* Primary Listing of Semiconductor Manufacturing International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Semiconductor Manufacturing International is good value based on assets compared to the HK Semiconductor industry average.
X
Value checks
We assess Semiconductor Manufacturing International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Semiconductor Manufacturing International has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

981 Future Performance

 How is Semiconductor Manufacturing International expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Semiconductor Manufacturing International expected to grow at an attractive rate?
  • Semiconductor Manufacturing International's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Semiconductor Manufacturing International's earnings growth is expected to exceed the Hong Kong market average.
  • Semiconductor Manufacturing International's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:981 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:981 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 39.5%
SEHK:981 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 9.3%
Hong Kong Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 28%
Hong Kong Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 13.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:981 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:981 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,862 1,532 158 16
2020-12-31 3,528 1,249 80 22
2019-12-31 3,200 1,180 64 19
SEHK:981 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,198 870 111
2018-12-31 3,360 799 128
2018-09-30 3,360 691 155
2018-06-30 3,279 894 154
2018-03-31 3,139 1,030 139
2017-12-31 3,101 1,081 180
2017-09-30 3,129 1,217 236
2017-06-30 3,134 997 324
2017-03-31 3,073 998 385
2016-12-31 2,914 977 377
2016-09-30 2,710 772 311
2016-06-30 2,505 753 280

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Semiconductor Manufacturing International's earnings are expected to grow significantly at over 20% yearly.
  • Semiconductor Manufacturing International's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:981 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Semiconductor Manufacturing International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:981 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.03 0.07 0.01 14.00
2020-12-31 0.02 0.06 -0.02 20.00
2019-12-31 0.01 0.04 -0.01 21.00
SEHK:981 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.02
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 0.04
2017-09-30 0.05
2017-06-30 0.07
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 0.07
2016-06-30 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Semiconductor Manufacturing International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Semiconductor Manufacturing International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Semiconductor Manufacturing International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

981 Past Performance

  How has Semiconductor Manufacturing International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Semiconductor Manufacturing International's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Semiconductor Manufacturing International's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Semiconductor Manufacturing International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Semiconductor Manufacturing International's 1-year earnings growth is negative, it can't be compared to the HK Semiconductor industry average.
Earnings and Revenue History
Semiconductor Manufacturing International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Semiconductor Manufacturing International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:981 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,197.84 110.65 220.21 512.29
2018-12-31 3,359.98 127.76 230.27 558.11
2018-09-30 3,359.59 154.60 238.19 524.44
2018-06-30 3,278.65 153.94 237.25 478.32
2018-03-31 3,139.13 139.27 243.95 442.30
2017-12-31 3,101.18 179.68 233.83 427.11
2017-09-30 3,128.80 235.97 239.12 444.14
2017-06-30 3,133.93 323.63 226.89 419.19
2017-03-31 3,072.95 385.00 204.97 372.55
2016-12-31 2,914.18 376.63 202.62 318.25
2016-09-30 2,709.53 311.23 202.00 266.04
2016-06-30 2,504.54 280.29 221.08 246.53
2016-03-31 2,360.93 259.35 240.56 237.20
2015-12-31 2,236.42 253.41 255.05 237.16
2015-09-30 2,112.16 243.19 230.92 224.15
2015-06-30 2,063.95 208.09 213.13 216.66
2015-03-31 2,028.68 188.19 196.47 206.53
2014-12-31 1,969.97 152.97 177.68 189.73
2014-09-30 1,975.87 139.26 167.20 182.88
2014-06-30 1,988.48 134.23 161.68 164.20
2014-03-31 2,018.44 152.83 164.35 157.21
2013-12-31 2,068.96 173.18 173.91 145.31
2013-09-30 2,063.06 205.07 161.78 110.70
2013-06-30 1,989.97 174.54 160.77 146.08
2013-03-31 1,870.50 106.20 150.44 159.02
2012-12-31 1,701.60 22.77 138.80 193.57
2012-09-30 1,505.33 -189.01 135.05 222.20
2012-06-30 1,351.05 -289.04 131.32 200.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Semiconductor Manufacturing International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Semiconductor Manufacturing International used its assets less efficiently than the HK Semiconductor industry average last year based on Return on Assets.
  • It is difficult to establish if Semiconductor Manufacturing International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Semiconductor Manufacturing International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Semiconductor Manufacturing International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

981 Health

 How is Semiconductor Manufacturing International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Semiconductor Manufacturing International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Semiconductor Manufacturing International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Semiconductor Manufacturing International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Semiconductor Manufacturing International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Semiconductor Manufacturing International Company Filings, last reported 2 months ago.

SEHK:981 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8,947.68 3,707.77 3,927.50
2018-12-31 8,923.58 3,441.96 3,824.91
2018-09-30 7,969.42 3,335.90 2,952.80
2018-06-30 7,614.76 3,448.30 2,710.31
2018-03-31 6,789.03 3,405.98 2,297.55
2017-12-31 6,721.34 3,315.71 2,515.26
2017-09-30 5,990.54 3,153.50 1,726.41
2017-06-30 5,945.08 2,907.51 1,389.53
2017-03-31 5,890.89 2,818.60 2,109.08
2016-12-31 5,403.23 3,105.80 2,157.55
2016-09-30 5,315.56 2,924.90 1,775.83
2016-06-30 4,973.44 2,549.93 1,890.31
2016-03-31 4,244.92 1,670.35 1,142.12
2015-12-31 4,190.26 1,416.40 1,287.91
2015-09-30 3,942.90 1,048.11 1,203.86
2015-06-30 3,846.02 1,083.54 1,335.05
2015-03-31 3,364.26 1,106.51 988.43
2014-12-31 3,307.72 1,289.23 1,247.11
2014-09-30 2,944.77 949.34 699.03
2014-06-30 2,889.05 1,148.11 931.75
2014-03-31 2,617.70 895.24 615.96
2013-12-31 2,593.18 1,172.09 702.79
2013-09-30 2,559.38 1,116.72 476.08
2013-06-30 2,403.74 1,075.91 265.81
2013-03-31 2,319.04 988.02 294.17
2012-12-31 2,276.45 1,125.79 377.14
2012-09-30 2,232.05 1,105.34 231.79
2012-06-30 2,217.69 1,153.59 290.69
  • Semiconductor Manufacturing International's level of debt (41.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.3% vs 41.4% today).
  • Debt is well covered by operating cash flow (23.5%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Semiconductor Manufacturing International's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Semiconductor Manufacturing International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Semiconductor Manufacturing International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

981 Dividends

 What is Semiconductor Manufacturing International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Semiconductor Manufacturing International dividends. Estimated to be 0% next year.
If you bought HK$2,000 of Semiconductor Manufacturing International shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Semiconductor Manufacturing International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Semiconductor Manufacturing International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:981 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
Hong Kong Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:981 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 6.00
2020-12-31 0.00 7.00
2019-12-31 0.00 7.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Semiconductor Manufacturing International has not reported any payouts.
  • Unable to verify if Semiconductor Manufacturing International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Semiconductor Manufacturing International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Semiconductor Manufacturing International has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Semiconductor Manufacturing International's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess Semiconductor Manufacturing International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Semiconductor Manufacturing International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Semiconductor Manufacturing International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

981 Management

 What is the CEO of Semiconductor Manufacturing International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zhao Haijun
COMPENSATION $1,538,000
AGE 54
TENURE AS CEO 2.1 years
CEO Bio

Dr. Haijun 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 as the Chief Executive Officer of Semiconductor Manufacturing International Corporation from May 10, 2017 to October 16, 2017. Dr. Zhao served as the Chief Operating Officer and Executive Vice President at Semiconductor Manufacturing International Corp. from April 25, 2013 to May 10, 2017. He served as General Manager of Semiconductor Manufacturing North China (Beijing) Corporation (SMNC) since July 2013. He served as Senior Vice President of North Operations at Semiconductor Manufacturing International Corporation rom June 2012 to April 2013. He served as Vice President of North Operations at Semiconductor Manufacturing International Corporation since September 2011 until June 2012. Dr. Zhao joined SMIC in 2010. He has 25 years of experience in semiconductor operations and technology development. He served as a Vice President of Technology Development, Product Engineering and Greater China Business at ProMOS Technologies in Taiwan. He also previously held management positions at TECH Semiconductor Singapore. He has been Chairman and Director of LFoundry S.r.l. since August 14, 2017. Dr. Zhao has also served as an independent director on the board of directors of Zhejiang Juhua Co., Ltd., a company which is listed on the Shanghai Stock Exchange, since November 2016. He holds two US semiconductor technology patents, with two pending and has nine published technical papers. Dr. Zhao received his B.S. and Ph.D. from Tsinghua University and his MBA from the University of Chicago.

CEO Compensation
  • Zhao's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zhao's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Semiconductor Manufacturing International management team in years:

2
Average Tenure
60
Average Age
  • The tenure for the Semiconductor Manufacturing International management team is about average.
Management Team

Zixue Zhou

TITLE
Chairman of the Board
COMPENSATION
$824K
AGE
61

Zhao Haijun

TITLE
Co-CEO & Executive Director
COMPENSATION
$2M
AGE
54
TENURE
2.1 yrs

Mong Song Liang

TITLE
Co-CEO & Executive Director
COMPENSATION
$478K
AGE
66
TENURE
1.7 yrs

Gao Yonggang

TITLE
CFO, Executive VP
COMPENSATION
$608K
AGE
53
TENURE
5.3 yrs

Mei Sheng Zhou

TITLE
Executive VP of Technology Research & Development
COMPENSATION
$620K
AGE
60
TENURE
1.7 yrs

Jason Li

TITLE
Executive VP of Legal
COMPENSATION
$428K
AGE
54

Wenyi Zhang

TITLE
Honorary Chairman and Advisor
COMPENSATION
$610K
AGE
71
TENURE
4.3 yrs

Tim Kuo

TITLE
Investor Relations Director

Sam Wang

TITLE
Corporate Vice President and President of Smic Americas

Wei Liu

TITLE
Joint Company Secretary
AGE
60
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Semiconductor Manufacturing International board of directors in years:

5
Average Tenure
56
Average Age
  • The tenure for the Semiconductor Manufacturing International board of directors is about average.
Board of Directors

Zixue Zhou

TITLE
Chairman of the Board
COMPENSATION
$824K
AGE
61
TENURE
4.3 yrs

Zhao Haijun

TITLE
Co-CEO & Executive Director
COMPENSATION
$2M
AGE
54
TENURE
1.7 yrs

Mong Song Liang

TITLE
Co-CEO & Executive Director
COMPENSATION
$478K
AGE
66
TENURE
1.7 yrs

Gao Yonggang

TITLE
CFO, Executive VP
COMPENSATION
$608K
AGE
53
TENURE
10 yrs

Wenyi Zhang

TITLE
Honorary Chairman and Advisor
COMPENSATION
$610K
AGE
71
TENURE
4.3 yrs

Shanzhi Chen

TITLE
Non-Executive Director
COMPENSATION
$339K
AGE
49
TENURE
10 yrs

William Brown

TITLE
Independent Non Executive Director
COMPENSATION
$97K
AGE
59
TENURE
5.8 yrs

Kai Ren

TITLE
Non-Executive Director
COMPENSATION
$65K
AGE
46
TENURE
3.8 yrs

Anthony Fan

TITLE
Independent Non-Executive Director
COMPENSATION
$144K
AGE
58
TENURE
8.9 yrs

Jie Zhou

TITLE
Non-Executive Director
AGE
51
TENURE
10.4 yrs
Who owns this company?
Recent Insider Trading
  • Semiconductor Manufacturing International individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
22. May 19 Sell Zhao Haijun Individual 17. May 19 17. May 19 -35,000 HK$8.20 HK$-287,000
30. Aug 18 Buy Huaxin Investment Management Co., Ltd. Company 29. Aug 18 29. Aug 18 57,054,901 HK$10.65 HK$607,634,771
15. Aug 18 Buy Tsinghua Holdings Co., Ltd. Company 14. Aug 18 14. Aug 18 3,300,000 HK$8.75 HK$28,867,752
28. Jun 18 Sell Tsinghua Holdings Co., Ltd. Company 27. Jun 18 27. Jun 18 -650,000 HK$11.38 HK$-7,397,975
X
Management checks
We assess Semiconductor Manufacturing International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Semiconductor Manufacturing International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

981 News

Simply Wall St News

How Many Semiconductor Manufacturing International Corporation (HKG:981) Shares Do Institutions Own?

Every investor in Semiconductor Manufacturing International Corporation (HKG:981) should be aware of the most powerful shareholder groups. … View our latest analysis for Semiconductor Manufacturing International SEHK:981 Ownership Summary, May 13th 2019 What Does The Institutional Ownership Tell Us About Semiconductor Manufacturing International? … Insider Ownership Of Semiconductor Manufacturing International While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Semiconductor Manufacturing International Corporation (HKG:981): What Are The Future Prospects?

As Semiconductor Manufacturing International Corporation (HKG:981) announced its earnings release on 31 December 2018, … analyst consensus outlook appear cautiously subdued, … with earnings expected to grow by -84% in the upcoming year

Simply Wall St -

How Financially Strong Is Semiconductor Manufacturing International Corporation (HKG:981)?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Semiconductor Manufacturing International Corporation (HKG:981), with a market capitalization of HK$39b, rarely draw their attention from the investing community. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for Semiconductor Manufacturing International

Simply Wall St -

Introducing Semiconductor Manufacturing International, A Stock That Climbed 32% In The Last Five Years

For example, long term Semiconductor Manufacturing International Corporation (HKG:981) shareholders have enjoyed a 32% share price rise over the last half decade, well in excess of the market return of around 19% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Semiconductor Manufacturing International actually saw its EPS drop 13% per year.

Simply Wall St -

Semiconductor Manufacturing International Corporation (HKG:981) Delivered A Weaker ROE Than Its Industry

Our data shows Semiconductor Manufacturing International has a return on equity of 0.8% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.0081 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Semiconductor Manufacturing International Corporation's (HKG:981) High P/E Ratio A Problem For Investors?

We'll look at Semiconductor Manufacturing International Corporation's (HKG:981) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Semiconductor Manufacturing International's Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Worry About Semiconductor Manufacturing International Corporation’s (HKG:981) ROCE?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Do Directors Own Semiconductor Manufacturing International Corporation (HKG:981) Shares?

If you want to know who really controls Semiconductor Manufacturing International Corporation (HKG:981), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … Semiconductor Manufacturing International is a pretty big company.

Simply Wall St -

What Does Semiconductor Manufacturing International Corporation's (HKG:981) P/E Ratio Tell You?

To keep it practical, we'll show how Semiconductor Manufacturing International Corporation's (HKG:981) P/E ratio could help you assess the value on offer. … Semiconductor Manufacturing International has a P/E ratio of 23.9, based on the last twelve months. … How Do You Calculate Semiconductor Manufacturing International's P/E Ratio

Simply Wall St -

Understanding Your Return On Investment In Semiconductor Manufacturing International Corporation (HKG:981)

and looking to gauge the potential return on investment in Semiconductor Manufacturing International Corporation (HKG:981). … Therefore, looking at how efficiently Semiconductor Manufacturing International is able to use capital to create earnings will help us understand your potential return. … Semiconductor Manufacturing International's Return On Capital Employed

Simply Wall St -

981 Company Info

Description

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, assembly and final testing of integrated circuits; and sales of self-manufactured products. In addition, the company designs and manufactures semiconductor masks; and offers marketing related services. It operates in the United States, Europe, and the Asia Pacific. The company serves integrated device manufacturers, fabless semiconductor companies, and system companies. Semiconductor Manufacturing International Corporation was founded in 2000 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: Semiconductor Manufacturing International Corporation
981
Exchange: SEHK
Founded: 2000
HK$42,077,184,649
5,051,282,671
Website: http://www.smics.com
Address: Semiconductor Manufacturing International Corporation
No.18 Zhangjiang Road,
Pudong New Area,
Shanghai,
201203,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 981 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. Mar 2004
OTCPK SIUI.F Ordinary Shares Pink Sheets LLC US USD 18. Mar 2004
DB MKN2 Ordinary Shares Deutsche Boerse AG DE EUR 18. Mar 2004
SHSC 981 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 18. Mar 2004
SZSC 981 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 18. Mar 2004
OTCPK SMIC.Y ADR EACH REP 5 ORD USD0.004 Pink Sheets LLC US USD 17. Mar 2004
SGX 8DVB 2% CNV SUB PERP USD250000 'REGS' Singapore Exchange SG USD 02. Oct 2018
DB MKN1 ADR EACH REP 5 ORD USD0.004 Deutsche Boerse AG DE EUR 17. Mar 2004
BMV SMI N ADR EACH REP 5 ORD USD0.004 Bolsa Mexicana de Valores MX MXN 17. Mar 2004
Number of employees
Current staff
Staff numbers
17,942
Semiconductor Manufacturing International employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 12:41
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/18
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.