Semiconductor Manufacturing International Corp.

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SMI : NYSE : Electronic Technology
$6.68 | %
Today's Range: 6.511 - 6.69
Avg. Daily Volume: 355100.0
02/23/18 - 4:02 PM ET

Financial Analysis


SEMICONDUCTOR MFG INTL CORP's gross profit margin for the fourth quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

During the same period, stockholders' equity ("net worth") has increased by 24.53% from the same quarter last year.

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Income Statement Q4 FY17 Q4 FY16
Net Sales ($mil)787.17814.8
EBITDA ($mil)234.34273.25
EBIT ($mil)-17.457.67
Net Income ($mil)47.72104.01


Balance Sheet Q4 FY17 Q4 FY16
Cash & Equiv. ($mil)2174.342495.25
Total Assets ($mil)11918.4510115.28
Total Debt ($mil)3313.053025.28
Equity ($mil)5168.964150.67


Profitability Q4 FY17 Q4 FY16
Gross Profit Margin45.5954.43
EBITDA Margin29.7733.53
Operating Margin-2.217.08
Sales Turnover0.260.29
Return on Assets1.53.72
Return on Equity3.479.07
Debt Q4 FY17 Q4 FY16
Current Ratio2.191.86
Debt/Capital0.390.42
Interest Expense0.09.25
Interest Coverage0.06.23


Share Data Q4 FY17 Q4 FY16
Shares outstanding (mil)983.22850.58
Div / share0.00.0
EPS0.050.11
Book value / share5.264.88
Institutional Own % n/a n/a
Avg Daily Volume395472.0392830.0

Valuation


HOLD. The current P/E ratio indicates a discount compared to an average of 37.56 for the Semiconductors & Semiconductor Equipment industry and a premium compared to the S&P 500 average of 25.51. For additional comparison, its price-to-book ratio of 1.17 indicates a significant discount versus the S&P 500 average of 3.26 and a significant discount versus the industry average of 6.88. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, SEMICONDUCTOR MFG INTL CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
SMI 32.32 Peers 37.56   SMI NA Peers 23.82

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

SMI is trading at a discount to its peers.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
SMI 32.32 Peers 20.48   SMI NM Peers 0.82

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

SMI is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

SMI's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SMI 1.17 Peers 6.88   SMI -53.66 Peers 103.74

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

SMI is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, SMI is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
SMI 1.95 Peers 5.96   SMI 6.41 Peers 22.16

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

SMI is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

SMI significantly trails its peers on the basis of sales growth

 

 

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