Semiconductor Manufacturing International (HKG:981) Full Year 2024 Results
Key Financial Results
- Revenue: US$8.03b (up 27% from FY 2023).
- Net income: US$492.7m (down 45% from FY 2023).
- Profit margin: 6.1% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.06 (down from US$0.11 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Semiconductor Manufacturing International EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Hong Kong.
Performance of the Hong Kong Semiconductor industry.
The company's shares are up 2.2% from a week ago.
Valuation
Our analysis of these results suggests Semiconductor Manufacturing International may be overvalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.
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