OTCPK:SMIC.Y

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Semiconductor Manufacturing International

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Semiconductor Manufacturing International's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.4%

SMIC.Y

-0.2%

US Semiconductor

-2.4%

US Market


1 Year Return

94.2%

SMIC.Y

38.8%

US Semiconductor

12.0%

US Market

Return vs Industry: SMIC.Y exceeded the US Semiconductor industry which returned 38.8% over the past year.

Return vs Market: SMIC.Y exceeded the US Market which returned 12% over the past year.


Shareholder returns

SMIC.YIndustryMarket
7 Day-8.4%-0.2%-2.4%
30 Day-26.5%-4.0%-6.5%
90 Day-35.3%11.4%8.4%
1 Year94.2%94.2%41.4%38.8%14.5%12.0%
3 Year116.5%116.5%77.4%68.1%34.8%25.8%
5 Year157.3%157.3%233.7%200.9%82.1%61.6%

Price Volatility Vs. Market

How volatile is Semiconductor Manufacturing International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Semiconductor Manufacturing International undervalued compared to its fair value and its price relative to the market?

31.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SMIC.Y is good value based on its PE Ratio (31.1x) compared to the US Semiconductor industry average (33.9x).

PE vs Market: SMIC.Y is poor value based on its PE Ratio (31.1x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: SMIC.Y is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: SMIC.Y is good value based on its PB Ratio (1.9x) compared to the US Semiconductor industry average (3.1x).


Next Steps

Future Growth

How is Semiconductor Manufacturing International forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

20.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMIC.Y's forecast earnings growth (20.6% per year) is above the savings rate (2.2%).

Earnings vs Market: SMIC.Y's earnings (20.6% per year) are forecast to grow slower than the US market (22.9% per year).

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

Revenue vs Market: SMIC.Y's revenue (20% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: SMIC.Y's revenue (20% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMIC.Y's Return on Equity is forecast to be low in 3 years time (5.3%).


Next Steps

Past Performance

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

-7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMIC.Y has a large one-off gain of $78.6M impacting its June 30 2020 financial results.

Growing Profit Margin: SMIC.Y's current net profit margins (11.3%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: SMIC.Y's earnings have declined by 7% per year over the past 5 years.

Accelerating Growth: SMIC.Y's earnings growth over the past year (437.5%) exceeds its 5-year average (-7% per year).

Earnings vs Industry: SMIC.Y earnings growth over the past year (437.5%) exceeded the Semiconductor industry 7.5%.


Return on Equity

High ROE: SMIC.Y's Return on Equity (2.6%) is considered low.


Next Steps

Financial Health

How is Semiconductor Manufacturing International's financial position?


Financial Position Analysis

Short Term Liabilities: SMIC.Y's short term assets ($9.2B) exceed its short term liabilities ($3.8B).

Long Term Liabilities: SMIC.Y's short term assets ($9.2B) exceed its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: SMIC.Y's debt to equity ratio (26.3%) is considered satisfactory.

Reducing Debt: SMIC.Y's debt to equity ratio has reduced from 28.1% to 26.3% over the past 5 years.

Debt Coverage: SMIC.Y's debt is well covered by operating cash flow (30.8%).

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


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SMIC.Y'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 SMIC.Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SMIC.Y'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 SMIC.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Hai Jun Zhao (56 yo)

3.33yrs

Tenure

US$750,000

Compensation

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 ($USD750.00K) is below average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Hai Jun's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Zixue Zhou
Chairman of the Board5.5yrsUS$731.00kno data
Hai Jun Zhao
Co-CEO & Executive Director3.33yrsUS$750.00kno data
Mong Song Liang
Co-CEO & Executive Director2.92yrsUS$341.00kno data
Gao Yonggang
CFO, Executive VP11.25yrsUS$526.00kno data
Mei Sheng Zhou
Executive Vice President of Technology Research & Development2.92yrsUS$512.00kno data
Wenyi Zhang
Honorary Chairman and Advisor5.5yrsUS$610.00kno data
Zhi Li
Executive VP of Legalno dataUS$428.00kno data
Tim Kuo
Investor Relations Directorno datano datano data
Sam Wang
Corporate Vice President and President of Smic Americasno datano datano data
Wei Liu
Joint Company Secretary3.17yrsno datano data

3.3yrs

Average Tenure

62yo

Average Age

Experienced Management: SMIC.Y's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zixue Zhou
Chairman of the Board5.5yrsUS$731.00kno data
Hai Jun Zhao
Co-CEO & Executive Director3.33yrsUS$750.00kno data
Mong Song Liang
Co-CEO & Executive Director2.92yrsUS$341.00kno data
Gao Yonggang
CFO, Executive VP11.25yrsUS$526.00kno data
Wenyi Zhang
Honorary Chairman and Advisor5.5yrsUS$610.00kno data
William Tudor Brown
Independent Non Executive Director7.08yrsUS$189.00kno data
Juen-Yee Lau
Independent Non-Executive Director9.25yrsUS$211.00kno data
Jie Zhou
Non-Executive Director11.67yrsno datano data
Shanzhi Chen
Non-Executive Director11.25yrsUS$123.00kno data
Kai Ren
Non-Executive Director5.08yrsUS$65.00kno data
Jun Lu
Non-Executive Director4.58yrsno datano data
Ren-Da Fan
Independent Non-Executive Director10.17yrsUS$216.00kno data

6.3yrs

Average Tenure

58yo

Average Age

Experienced Board: SMIC.Y's board of directors are considered experienced (6.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 52.4%.


Top Shareholders

Company Information

Semiconductor Manufacturing International Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Semiconductor Manufacturing International Corporation
  • Ticker: SMIC.Y
  • Exchange: OTCPK
  • Founded: 2000
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$143.034b
  • Listing Market Cap: HK$18.456b
  • Shares outstanding: 7.70b
  • Website: https://www.smics.com

Number of Employees


Location

  • Semiconductor Manufacturing International Corporation
  • No.18 Zhangjiang Road
  • Pudong New Area
  • Shanghai
  • 201203
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMIC.YOTCPK (Pink Sheets LLC)ADR EACH REP 5 ORD USD0.004USUSDMar 2004
MKN1DB (Deutsche Boerse AG)ADR EACH REP 5 ORD USD0.004DEEURMar 2004
SIUI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2004
981SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2004
MKN2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2004
981SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMar 2004
981SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMar 2004
8DVBSGX (Singapore Exchange)2% CNV SUB PERP USD250000 'REGS'SGUSDOct 2018
688981SHSE (Shanghai Stock Exchange)A USD0.004CNCNYJul 2020

Biography

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and othe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 06:00
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.