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Semiconductor Manufacturing International Corp
HKEX:981

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Semiconductor Manufacturing International Corp
HKEX:981
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Price: 59.1 HKD 1.11% Market Closed
Market Cap: HK$473.6B

EV/EBIT

54
Current
6%
Cheaper
vs 3-y average of 57.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
54
=
Enterprise Value
HK$479.2B
/
EBIT
$1.1B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
54
=
Enterprise Value
HK$479.2B
/
EBIT
$1.1B

Valuation Scenarios

Semiconductor Manufacturing International Corp is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (57.5), the stock would be worth HK$62.93 (6% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-47%
Maximum Upside
+50%
Average Downside
1%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 54 HK$59.1
0%
3-Year Average 57.5 HK$62.93
+6%
5-Year Average 47.3 HK$51.72
-12%
Industry Average 81.2 HK$88.79
+50%
Country Average 28.9 HK$31.61
-47%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
HK$479.2B
/
Jan 2026
$1.1B
=
54
Current
HK$479.2B
/
Dec 2026
$1.2B
=
411.7
Forward
HK$479.2B
/
Dec 2027
$1.6B
=
292.9
Forward
HK$479.2B
/
Dec 2028
$2.1B
=
225.9
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CN
Semiconductor Manufacturing International Corp
HKEX:981
467.6B HKD 54 86.8
US
NVIDIA Corp
NASDAQ:NVDA
4.9T USD 36.6 40.4
US
Broadcom Inc
NASDAQ:AVGO
2T USD 71.8 79.6
TW
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
53.9T TWD 24.6 29.9
US
Micron Technology Inc
NASDAQ:MU
543.4B USD 19.2 22.5
US
Advanced Micro Devices Inc
NASDAQ:AMD
497.7B USD 132.5 114.8
KR
SK Hynix Inc
KRX:000660
701.7T KRW 17.9 19.7
US
Intel Corp
NASDAQ:INTC
333.5B USD -14 865.5 -1 249.1
US
Texas Instruments Inc
NASDAQ:TXN
256B USD 43.2 51.5
UK
Arm Holdings PLC
NASDAQ:ARM
217.3B USD 244.1 271.3
US
Analog Devices Inc
NASDAQ:ADI
197.2B USD 57.5 72.8

Market Distribution

Higher than 70% of companies in China
Percentile
70th
Based on 5 337 companies
70th percentile
54
Low
0 — 16.6
Typical Range
16.6 — 52.9
High
52.9 —
Distribution Statistics
China
Min 0
30th Percentile 16.6
Median 28.9
70th Percentile 52.9
Max 49 021

Semiconductor Manufacturing International Corp
Glance View

In the competitive and rapidly-evolving world of chip production, Semiconductor Manufacturing International Corp. (SMIC) stands as one of China's premier players. Founded in 2000 and headquartered in Shanghai, SMIC has carved a niche in the global semiconductor industry by providing comprehensive foundry services. This means SMIC doesn't design or sell chips under its brand but focuses on manufacturing integrated circuits designed by its clients across various sectors. The company leverages cutting-edge technology to produce a diverse array of semiconductor components, utilizing advanced nodes to cater to industries ranging from consumer electronics and telecommunications to automotive solutions. By maintaining robust manufacturing capabilities, SMIC ensures high-quality, large-scale production, thus keeping prominent international clients engaged in its operations. SMIC's revenue model is primarily driven by its ability to attract significant foundry orders due to its strategic location, bolstering China's tech aspirations amidst global supply chain shifts. The company thrives by offering competitive pricing and reducing the geographic risk that many global companies face when diversifying their manufacturing bases. Moreover, SMIC capitalizes on China's increasing semiconductor demand, powered by the country's push for technological self-reliance and innovation. It's this blend of strategic positioning and technical prowess that allows SMIC not only to sustain its growth within China's borders but also to leave a significant imprint on the global semiconductor landscape.

Intrinsic Value
37.5 HKD
Overvaluation 37%
Intrinsic Value
Price HK$59.1
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