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TongFu Microelectronics Co Ltd
SZSE:002156

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TongFu Microelectronics Co Ltd
SZSE:002156
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Price: 48.42 CNY 2.5%
Market Cap: ¥73.5B

EV/EBIT

45.4
Current
23%
More Expensive
vs 3-y average of 36.9

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
45.4
=
Enterprise Value
¥82.6B
/
EBIT
¥1.8B

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
45.4
=
Enterprise Value
¥82.6B
/
EBIT
¥1.8B

Valuation Scenarios

TongFu Microelectronics Co Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (36.9), the stock would be worth ¥39.34 (19% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-36%
Maximum Upside
+79%
Average Downside
0%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 45.4 ¥48.42
0%
3-Year Average 36.9 ¥39.34
-19%
5-Year Average 33.9 ¥36.14
-25%
Industry Average 81.2 ¥86.62
+79%
Country Average 28.9 ¥30.84
-36%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
¥82.6B
/
Jan 2026
¥1.8B
=
45.4
Current
¥82.6B
/
Dec 2026
¥2.4B
=
34.2
Forward
¥82.6B
/
Dec 2027
¥2.8B
=
29.5
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
TongFu Microelectronics Co Ltd
SZSE:002156
73.5B CNY 45.4 60.3
US
NVIDIA Corp
NASDAQ:NVDA
5.1T USD 38.2 42.2
US
Broadcom Inc
NASDAQ:AVGO
2T USD 72.3 80.2
TW
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
56.7T TWD 26 31.5
US
Micron Technology Inc
NASDAQ:MU
560.3B USD 19.8 23.2
US
Advanced Micro Devices Inc
NASDAQ:AMD
566.9B USD 151.2 130.8
KR
SK Hynix Inc
KRX:000660
701.7T KRW 19 20.9
US
Intel Corp
NASDAQ:INTC
412.2B USD -18 211.9 -1 543.8
US
Texas Instruments Inc
NASDAQ:TXN
251.4B USD 39.2 47.1
UK
Arm Holdings PLC
NASDAQ:ARM
249.4B USD 280.7 311.3
US
Analog Devices Inc
NASDAQ:ADI
195.1B USD 56.9 72.1

Market Distribution

In line with most companies in China
Percentile
65th
Based on 5 337 companies
65th percentile
45.4
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

TongFu Microelectronics Co Ltd
Glance View

Market Cap
73.5B CNY
Industry
Semiconductors

In the bustling heart of China's semiconductor landscape, TongFu Microelectronics Co. Ltd. stands as a testament to the nation's drive towards technological excellence. Founded in 1997, TongFu emerged as a vital player amid the rapid growth of the global electronics market, focusing its expertise on providing comprehensive assembly and testing services. The company is deeply entrenched in the integrated circuit (IC) sector, offering solutions that include IC packaging, testing, and related services. By adhering to meticulous quality standards and leveraging sophisticated technology, TongFu has forged partnerships with leading chip manufacturers worldwide, enabling it to serve a diverse range of sectors from consumer electronics to high-demand telecommunications industries. The robust financial performance of TongFu Microelectronics is intricately linked to its strategic positioning within the semiconductor supply chain. Despite the volatile nature of this market, markable by cyclical highs and lows driven by technological advancements and fluctuating demand, TongFu turns its expertise into a steady revenue stream. By specializing in outsourced semiconductor assembly and test (OSAT), TongFu capitalizes on the growing trend of semiconductor design companies outsourcing these operations. This approach not only optimizes the company's resource utilization and broadens its client base but also ensures a steady workflow that translates into consistent revenue, positioning TongFu as an indispensable cog in the complex machinery of global technology manufacturing.

Intrinsic Value
42.22 CNY
Overvaluation 13%
Intrinsic Value
Price ¥48.42
T
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