Financials Hua Hong Semiconductor Limited Deutsche Boerse AG

Equities

1HH

HK0000218211

Semiconductors

Market Closed - Deutsche Boerse AG 01:22:07 2024-05-27 pm EDT 5-day change 1st Jan Change
2.38 EUR +12.26% Intraday chart for Hua Hong Semiconductor Limited +5.31% +10.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,932 7,366 7,177 4,560 5,625 5,189 - -
Enterprise Value (EV) 1 2,500 7,009 7,152 4,460 2,171 2,913 3,799 3,507
P/E ratio 18.2 x 74.7 x 34.3 x 10.2 x 12.9 x 35.2 x 19.9 x 15.7 x
Yield - - - - 0.87% 0.25% 0.26% 0.61%
Capitalization / Revenue 3.14 x 7.66 x 4.4 x 1.84 x 2.5 x 2.5 x 2.08 x 1.65 x
EV / Revenue 2.68 x 7.29 x 4.39 x 1.8 x 0.97 x 1.4 x 1.52 x 1.11 x
EV / EBITDA 10.7 x 40.8 x 13.9 x 4.37 x 3.36 x 5.43 x 4.26 x 2.9 x
EV / FCF -3.29 x -8.57 x -17.8 x -18.2 x -12.2 x -2.62 x -5.01 x -5.93 x
FCF Yield -30.4% -11.7% -5.63% -5.5% -8.23% -38.2% -19.9% -16.9%
Price to Book 1.3 x 2.9 x 2.54 x 1.51 x 0.45 x 0.68 x 0.66 x 0.64 x
Nbr of stocks (in thousands) 1,288,820 1,297,815 1,301,192 1,306,837 1,716,589 1,716,789 - -
Reference price 2 2.275 5.675 5.516 3.489 2.418 2.539 2.539 2.539
Announcement Date 2/13/20 2/9/21 1/28/22 2/14/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 932.6 961.3 1,631 2,475 2,246 2,076 2,497 3,153
EBITDA 1 232.5 171.8 514.5 1,021 646.4 536.8 890.8 1,210
EBIT 1 103.8 -34.52 178.8 564.5 163 37.86 174.7 321.7
Operating Margin 11.13% -3.59% 10.96% 22.8% 7.26% 1.82% 6.99% 10.2%
Earnings before Tax (EBT) 1 181.6 46.08 232.7 496.1 162.9 31.79 165.6 304.9
Net income 1 162.2 99.44 212.1 449.9 267.9 124.7 235.1 346.8
Net margin 17.4% 10.34% 13% 18.17% 11.93% 6.01% 9.41% 11%
EPS 2 0.1250 0.0760 0.1610 0.3420 0.1880 0.0721 0.1275 0.1622
Free Cash Flow 1 -759.3 -818.1 -402.7 -245.3 -178.6 -1,112 -757.5 -591.2
FCF margin -81.43% -85.11% -24.69% -9.91% -7.95% -53.58% -30.33% -18.75%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - 0.0211 0.006270 0.006580 0.0154
Announcement Date 2/13/20 2/9/21 1/28/22 2/14/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 528.3 594.6 620.8 629.9 630.1 630.8 631.4 568.5 455.4 460 486.1 517 540.5 519.3 553.1
EBITDA 1 174.3 204.5 253.6 276.9 289 246.3 222 133.9 52.29 84.2 138.7 172.5 195.4 155.3 169.6
EBIT 1 76.42 87.26 138.2 160.4 181.1 125.9 98.39 6.558 -76.84 -48.89 -17.74 14.97 31.35 2.818 -6.718
Operating Margin 14.47% 14.67% 22.26% 25.47% 28.75% 19.96% 15.58% 1.15% -16.88% -10.63% -3.65% 2.9% 5.8% 0.54% -1.21%
Earnings before Tax (EBT) 1 103.9 95.24 81.52 102.6 216.7 132 43.68 -12.86 10.76 -45.12 -27.63 1.835 26.98 -10.86 7.384
Net income 1 84.13 102.9 83.93 103.9 159.1 152.2 78.52 13.89 35.39 31.82 15.09 33.34 42.51 19.14 25.49
Net margin 15.92% 17.31% 13.52% 16.49% 25.26% 24.13% 12.44% 2.44% 7.77% 6.92% 3.1% 6.45% 7.87% 3.69% 4.61%
EPS 2 0.0640 0.0780 0.0640 0.0790 0.1210 0.1150 0.0600 0.009000 0.0210 0.0190 0.005320 0.0174 0.0234 0.0124 0.0132
Dividend per Share 2 - - - - - - - - 0.0211 - 0.003890 - - - 0.002660
Announcement Date 1/28/22 5/12/22 8/11/22 11/10/22 2/14/23 5/11/23 8/10/23 11/9/23 2/6/24 5/9/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 432 357 24.7 100 3,454 2,276 1,390 1,682
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -759 -818 -403 -245 -179 -1,112 -757 -591
ROE (net income / shareholders' equity) 7.4% 4.2% 7.9% 15.2% 6.49% 2% 3.68% 5.17%
ROA (Net income/ Total Assets) 4.85% 2.43% 3.51% 6.79% 3.11% 0.9% 1.3% 2.17%
Assets 1 3,345 4,091 6,039 6,629 8,610 13,861 18,129 15,945
Book Value Per Share 2 1.750 1.960 2.170 2.310 5.390 3.720 3.820 3.960
Cash Flow per Share 2 0.1300 0.2100 0.4100 0.5700 0.4300 0.3000 0.5000 0.5000
Capex 1 922 1,087 939 996 885 1,620 1,508 1,528
Capex / Sales 98.9% 113.11% 57.58% 40.24% 39.4% 78.04% 60.37% 48.48%
Announcement Date 2/13/20 2/9/21 1/28/22 2/14/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
2.539 USD
Average target price
2.37 USD
Spread / Average Target
-6.65%
Consensus
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