Semiconductor Manufacturing International Corp

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SMI : NYSE : Technology
$4.65 -0.06 | -1.3%
Today's Range: 4.65 - 4.705
Avg. Daily Volume: 162200.0
08/17/17 - 2:36 PM ET

Financial Analysis


SEMICONDUCTOR MFG INTL CORP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line.

During the same period, stockholders' equity ("net worth") has increased by 20.84% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)751.19690.22
EBITDA ($mil)260.38280.47
EBIT ($mil)19.33111.56
Net Income ($mil)36.2797.64


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)1736.222118.7
Total Assets ($mil)10801.659068.28
Total Debt ($mil)2879.712531.76
Equity ($mil)4700.43889.75


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin48.7250.1
EBITDA Margin34.6640.63
Operating Margin2.5716.16
Sales Turnover0.290.28
Return on Assets2.993.09
Return on Equity6.887.2
Debt Q2 FY17 Q2 FY16
Current Ratio1.651.72
Debt/Capital0.380.39
Interest Expense9.555.99
Interest Coverage2.0218.62


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)930.18843.81
Div / share0.00.0
EPS0.040.11
Book value / share5.054.61
Institutional Own % n/a n/a
Avg Daily Volume170442.0161193.0

Valuation


HOLD. SEMICONDUCTOR MFG INTL CORP's P/E ratio indicates a significant discount compared to an average of 32.34 for the Semiconductors & Semiconductor Equipment industry and a significant discount compared to the S&P 500 average of 24.31. For additional comparison, its price-to-book ratio of 0.93 indicates a significant discount versus the S&P 500 average of 3.03 and a significant discount versus the industry average of 5.26. The price-to-sales ratio is well below both the S&P 500 average and 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 13.82 Peers 32.34   SMI NA Peers 18.74

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

SMI is trading at a significant 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 19.75 Peers 21.20   SMI NM Peers 1.19

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 0.93 Peers 5.26   SMI 3.03 Peers 51.58

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 1.39 Peers 5.04   SMI 25.13 Peers 26.68

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.

 

Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.

SMI is keeping pace with its peers on the basis of sales growth.

 

 

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