Investors Can Find Comfort In Solomon Systech (International)'s (HKG:2878) Earnings Quality
May 03
Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies14
- 7D4.0%
- 3M12.0%
- 1Y-23.7%
- YTDn/a
The Semiconductors industry is up 3.7% in the last week, with Semiconductor Manufacturing International up 3.6%. In the same time, BaTeLab was down 7.1%. However, the industry is down 26% over the past year. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Hong Kong Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$261.0b | HK$80.3b | HK$8.2b | 12.8x | 32x | 3.3x |
| Tue, 16 Apr 2024 | HK$236.1b | HK$79.4b | HK$10.5b | 11.7x | 22.5x | 3x |
| Thu, 14 Mar 2024 | HK$278.3b | HK$79.4b | HK$12.2b | 13.2x | 22.8x | 3.5x |
| Sat, 10 Feb 2024 | HK$243.7b | HK$79.5b | HK$12.4b | 10x | 19.7x | 3.1x |
| Mon, 08 Jan 2024 | HK$280.7b | HK$80.0b | HK$13.5b | 10.1x | 20.7x | 3.5x |
| Wed, 06 Dec 2023 | HK$301.5b | HK$80.0b | HK$13.6b | 9.4x | 22.2x | 3.8x |
| Fri, 03 Nov 2023 | HK$332.1b | HK$82.7b | HK$17.2b | 8.6x | 19.3x | 4x |
| Sun, 01 Oct 2023 | HK$299.8b | HK$82.9b | HK$17.4b | 10x | 17.2x | 3.6x |
| Tue, 29 Aug 2023 | HK$282.5b | HK$82.2b | HK$17.1b | 8.5x | 16.5x | 3.4x |
| Thu, 27 Jul 2023 | HK$298.4b | HK$85.1b | HK$18.1b | 8.7x | 16.5x | 3.5x |
| Sat, 24 Jun 2023 | HK$304.1b | HK$85.3b | HK$18.1b | 8.3x | 16.8x | 3.6x |
| Mon, 22 May 2023 | HK$323.8b | HK$85.3b | HK$18.1b | 9.1x | 17.9x | 3.8x |
| Wed, 19 Apr 2023 | HK$379.7b | HK$88.4b | HK$19.2b | 9.6x | 19.8x | 4.3x |
| Fri, 17 Mar 2023 | HK$313.0b | HK$86.9b | HK$20.0b | 10x | 15.7x | 3.6x |
| Sun, 12 Feb 2023 | HK$300.6b | HK$86.9b | HK$19.9b | 8.8x | 15.1x | 3.5x |
| Tue, 10 Jan 2023 | HK$296.7b | HK$86.5b | HK$19.8b | 9x | 15x | 3.4x |
| Thu, 08 Dec 2022 | HK$281.6b | HK$86.2b | HK$20.1b | 6.5x | 14x | 3.3x |
| Sat, 05 Nov 2022 | HK$280.2b | HK$81.5b | HK$18.7b | 6.1x | 15x | 3.4x |
| Mon, 03 Oct 2022 | HK$260.7b | HK$81.3b | HK$18.6b | 7.7x | 14x | 3.2x |
| Wed, 31 Aug 2022 | HK$211.7b | HK$81.0b | HK$18.4b | 10.3x | 11.5x | 2.6x |
| Fri, 29 Jul 2022 | HK$215.3b | HK$73.7b | HK$19.1b | 12.2x | 11.3x | 2.9x |
| Sun, 26 Jun 2022 | HK$241.3b | HK$81.5b | HK$19.5b | 13x | 12.4x | 3x |
| Tue, 24 May 2022 | HK$227.6b | HK$81.5b | HK$19.5b | 11.6x | 11.7x | 2.8x |
| Thu, 21 Apr 2022 | HK$224.5b | HK$73.5b | HK$16.5b | 17x | 13.6x | 3.1x |
| Sat, 19 Mar 2022 | HK$226.9b | HK$65.9b | HK$12.5b | 21.8x | 18.1x | 3.4x |
| Mon, 14 Feb 2022 | HK$254.4b | HK$65.4b | HK$12.4b | 20.1x | 20.6x | 3.9x |
| Wed, 12 Jan 2022 | HK$246.6b | HK$63.4b | HK$12.1b | 21.7x | 20.4x | 3.9x |
| Fri, 10 Dec 2021 | HK$287.3b | HK$63.3b | HK$12.1b | 24.7x | 23.8x | 4.5x |
| Sun, 07 Nov 2021 | HK$294.4b | HK$59.1b | HK$11.3b | 26x | 26.1x | 5x |
| Tue, 05 Oct 2021 | HK$378.6b | HK$68.2b | HK$14.0b | 27.3x | 27x | 5.5x |
| Thu, 02 Sep 2021 | HK$442.1b | HK$68.1b | HK$13.9b | 37.3x | 31.9x | 6.5x |
| Sat, 31 Jul 2021 | HK$424.8b | HK$68.1b | HK$13.9b | 32.9x | 30.7x | 6.2x |
Price to Earnings Ratio
38.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Semiconductors industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.4x which is higher than its 3-year average PE of 19.4x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Semiconductors industry have declined 3.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Semiconductors compare with similar industries?
| HK Market | 2.56% | |
| Tech | 1.60% | |
| Semiconductors | -0.039% | |
| Semiconductors | 3.95% | |
| Semiconductor Equipment | -5.24% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 981 Semiconductor Manufacturing International | HK$16.84 | 3.6% +HK$4.6b | -19.0% | PE23.1x | |
| 1347 Hua Hong Semiconductor | HK$19.26 | 6.9% +HK$2.1b | -28.7% | PE26.5x | |
| 650 Productive Technologies | HK$0.39 | 16.4% +HK$405.8m | -50.6% | PS6.1x | |
| 1385 Shanghai Fudan Microelectronics Group | HK$12.14 | 2.9% +HK$278.5m | -42.6% | PE13.3x | |
| 1010 Sky Blue 11 | HK$0.54 | 9.1% +HK$20.0m | -37.9% | PS2.1x |
