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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: 58.95 HKD -1.91%
Market Cap: HK$472.4B

EV/EBITDA

19.6
Current
18%
Cheaper
vs 3-y average of 23.9

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

EV/EBITDA
19.6
=
Enterprise Value
HK$479.2B
/
EBITDA
$3B

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

EV/EBITDA
19.6
=
Enterprise Value
HK$479.2B
/
EBITDA
$3B

Valuation Scenarios

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

If EV/EBITDA returns to its 3-Year Average (23.9), the stock would be worth HK$71.85 (22% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-17%
Maximum Upside
+313%
Average Upside
91%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 19.6 HK$58.95
0%
3-Year Average 23.9 HK$71.85
+22%
5-Year Average 16.3 HK$48.85
-17%
Industry Average 81.2 HK$243.62
+313%
Country Average 28.8 HK$86.5
+47%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
HK$479.2B
/
Jan 2026
$3B
=
19.6
Current
HK$479.2B
/
Dec 2026
$5.7B
=
83.8
Forward
HK$479.2B
/
Dec 2027
$6.7B
=
71.4
Forward
HK$479.2B
/
Dec 2028
$7.3B
=
65.9
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CN
Semiconductor Manufacturing International Corp
HKEX:981
480.8B HKD 19.6 86.5
US
NVIDIA Corp
NASDAQ:NVDA
4.9T USD 35.9 40.5
US
Broadcom Inc
NASDAQ:AVGO
1.9T USD 52.6 76.3
TW
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
53.2T TWD 17.8 28.2
US
Micron Technology Inc
NASDAQ:MU
506.9B USD 13.7 21
KR
SK Hynix Inc
KRX:000660
701.7T KRW 13.6 19.4
US
Advanced Micro Devices Inc
NASDAQ:AMD
463.7B USD 68 107
US
Intel Corp
NASDAQ:INTC
330.9B USD 29 -1 239.3
US
Texas Instruments Inc
NASDAQ:TXN
211.5B USD 27.1 42.5
US
Analog Devices Inc
NASDAQ:ADI
183.2B USD 34.2 67.7
UK
Arm Holdings PLC
NASDAQ:ARM
186.4B USD 165.9 232.7

Market Distribution

In line with most companies in China
Percentile
36th
Based on 5 409 companies
36th percentile
19.6
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
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 36%
Intrinsic Value
Price HK$58.95
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