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SSP

SFA Semicon Philippines PSE:SSP Stock Report

Last Price

₱1.16

Market Cap

₱2.6b

7D

23.4%

1Y

-11.5%

Updated

01 Jul, 2022

Data

Company Financials
SSP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

SSP Stock Overview

SFA Semicon Philippines Corporation engages in the manufacture, assembly, test, and warehousing of semiconductors and memory devices, and related products in the Philippines.

SFA Semicon Philippines Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SFA Semicon Philippines
Historical stock prices
Current Share Price₱1.16
52 Week High₱1.62
52 Week Low₱0.92
Beta0.30
1 Month Change14.85%
3 Month Change9.43%
1 Year Change-11.45%
3 Year Change1.75%
5 Year Change-51.46%
Change since IPO-63.18%

Recent News & Updates

Shareholder Returns

SSPPH SemiconductorPH Market
7D23.4%-3.2%0.03%
1Y-11.5%-16.4%-10.0%

Return vs Industry: SSP exceeded the PH Semiconductor industry which returned -14.1% over the past year.

Return vs Market: SSP underperformed the PH Market which returned -9.7% over the past year.

Price Volatility

Is SSP's price volatile compared to industry and market?
SSP volatility
SSP Average Weekly Movement9.5%
Semiconductor Industry Average Movement6.6%
Market Average Movement5.4%
10% most volatile stocks in PH Market10.5%
10% least volatile stocks in PH Market3.1%

Stable Share Price: SSP is more volatile than 75% of PH stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SSP's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of PH stocks.

About the Company

FoundedEmployeesCEOWebsite
2010n/an/ahttps://www.sfasemicon.com.ph

SFA Semicon Philippines Corporation engages in the manufacture, assembly, test, and warehousing of semiconductors and memory devices, and related products in the Philippines. It offers memory chips for use in mobile devices, desktop and notebook PCs, workstations, servers, video cameras, and PDAs; memory modules for desktops, game consoles, notebooks, small-footprint PCs, office printers, routers, and servers; micro secure digital cards and brand cards for use in digital devices, such as smartphones, DMB phones, PDA, and MP3 players; and blister packing products. The company was formerly known as Phoenix Semiconductor Philippines Corp. and changed its name to SFA Semicon Philippines Corporation in May 2017.

SFA Semicon Philippines Fundamentals Summary

How do SFA Semicon Philippines's earnings and revenue compare to its market cap?
SSP fundamental statistics
Market CapUS$47.25m
Earnings (TTM)US$11.93m
Revenue (TTM)US$357.90m

3.8x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSP income statement (TTM)
RevenueUS$357.90m
Cost of RevenueUS$330.60m
Gross ProfitUS$27.31m
Other ExpensesUS$15.38m
EarningsUS$11.93m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0055
Gross Margin7.63%
Net Profit Margin3.33%
Debt/Equity Ratio0%

How did SSP perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

21%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SSP 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/Revenue0.2x
Enterprise Value/EBITDA2.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

SSP PE Ratio vs Peers
The above table shows the PE ratio for SSP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.6x
TECH Cirtek Holdings Philippines
24.5xn/a₱1.7b
3627 Arima Lasers
9.6xn/aNT$1.1b
6594 Alcorlink
28.5xn/aNT$967.4m
6229 V-TAC TechnologyLtd
5.7xn/aNT$1.1b
SSP SFA Semicon Philippines
3.8xn/a₱2.6b

Price-To-Earnings vs Peers: SSP is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (17.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SSP is good value based on its Price-To-Earnings Ratio (3.8x) compared to the Asian Semiconductor industry average (16.5x)


Price to Earnings Ratio vs Fair Ratio

What is SSP'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.

SSP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SSP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SSP (₱1.16) is trading below our estimate of fair value (₱8.44)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is SFA Semicon Philippines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.1%

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 SFA Semicon Philippines 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.


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  • Examine whether SFA Semicon Philippines is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has SFA Semicon Philippines performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SSP has high quality earnings.

Growing Profit Margin: SSP's current net profit margins (3.3%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: SSP's earnings have grown significantly by 35.4% per year over the past 5 years.

Accelerating Growth: SSP's earnings growth over the past year (54.3%) exceeds its 5-year average (35.4% per year).

Earnings vs Industry: SSP earnings growth over the past year (54.3%) underperformed the Semiconductor industry 66.5%.


Return on Equity

High ROE: SSP's Return on Equity (8.6%) is considered low.


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Financial Health

How is SFA Semicon Philippines's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SSP's short term assets ($70.1M) exceed its short term liabilities ($36.0M).

Long Term Liabilities: SSP's short term assets ($70.1M) exceed its long term liabilities ($20.0M).


Debt to Equity History and Analysis

Debt Level: SSP is debt free.

Reducing Debt: SSP has no debt compared to 5 years ago when its debt to equity ratio was 32%.

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

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


Balance Sheet


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Dividend

What is SFA Semicon Philippines's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SSP's dividend (5.59%) is higher than the bottom 25% of dividend payers in the PH market (1.53%).

High Dividend: SSP's dividend (5.59%) is in the top 25% of dividend payers in the PH market (4.9%)


Stability and Growth of Payments

Stable Dividend: SSP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SSP has only been paying a dividend for 7 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (21.4%), SSP's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (15.7%), SSP's dividend payments are well covered by cash flows.


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Management

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

3.5yrs

Average management tenure


CEO

SFA Semicon Philippines has no CEO, or we have no data on them.


Leadership Team

Experienced Management: SSP's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: SSP's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SFA Semicon Philippines Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: SFA Semicon Philippines Corporation
  • Ticker: SSP
  • Exchange: PSE
  • Founded: 2010
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: ₱2.598b
  • Shares outstanding: 2.17b
  • Website: https://www.sfasemicon.com.ph

Location

  • SFA Semicon Philippines Corporation
  • Panday Pira Avenue
  • Corner Creekside Road
  • Angeles
  • 2009
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
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.