Confident Investing Starts With TipRanks Premium

Get 55% Off
TipRanks
Go Ultimate55% OFF

Semiconductor Manufacturing International (0981) Stock Price & Analysis

0981 Stock Chart & Stats

HK$42.98-HK$1.98(-4.40%)
At close: 4:00 PM GMT+8
HK$50HK$60HK$703 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
HKD 42.26 - HKD 44.28
52-Week Range
HKD 42.26 - HKD 93.00
Previous Close
HKD 44.96
Volume
68.78M
Average Volume (3M)
50.72M
Market Cap
HKD 549.17B
Enterprise Value
HKD 875.46B
Total Cash (Recent Filing)
HKD 12.79B
Total Debt (Recent Filing)
HKD 14.02B
Price to Earnings (P/E)
116.0
Beta
1.14
Next Earnings
Nov 13, 2026 (Est.)
EPS Estimate
0.4
Next Dividend Ex-Date
N/A
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Revenue And Margin Recovery

TTM revenue grew 8.2% and net margin improved to about 9.9%, showing a meaningful operating rebound. If sustained, better scale and profitability can strengthen internal funding capacity and support SMIC’s ability to compete across its foundry markets over coming quarters.

Manageable Leverage

Debt-to-equity of about 0.56 is described as manageable, while equity has expanded over time. This provides a relatively supportive balance-sheet base for a capital-intensive foundry and leaves more flexibility to sustain operations and investment through semiconductor cycles.

Operating Cash Conversion

Operating cash flow is about 1.3x net income in the TTM period, indicating that reported earnings are backed by substantial cash generation from operations. That conversion is a durable strength for funding working needs, even while the company continues investing heavily.

Bears Say

Persistent Negative Free Cash Flow

Free cash flow has been persistently negative across all periods shown, including a TTM outflow of about -2.2B. Continued investment intensity reduces near-term internally generated cash, limits shareholder cash yield, and can make expansion more dependent on funding discipline.

Low Return On Equity

TTM ROE is only about 4.6%, well below stronger 2021–2022 levels. This indicates that improved earnings are not yet producing strong returns on the enlarged equity base, weakening capital efficiency and potentially limiting the economic payoff from continued investment.

Incomplete Margin Recovery

Net margin improved to about 9.9% but remains below 2021–2022 peak levels, and the pack cites cyclicality and price pressure typical of semiconductors. This suggests profitability recovery is incomplete and could remain vulnerable across changing industry conditions.

Semiconductor Manufacturing International News

0981 FAQ

What was Semiconductor Manufacturing International’s price range in the past 12 months?
Semiconductor Manufacturing International lowest stock price was HK$42.26 and its highest was HK$93.00 in the past 12 months.
What is Semiconductor Manufacturing International’s market cap?
Semiconductor Manufacturing International’s market cap is HK$549.17B.
When is Semiconductor Manufacturing International’s upcoming earnings report date?
Semiconductor Manufacturing International’s next earnings report is estimated for Nov 13, 2026 (not yet confirmed), which is in 11 days.
How were Semiconductor Manufacturing International’s earnings last quarter?
Semiconductor Manufacturing International released its earnings results on Aug 27, 2026. The company reported HK$0.471 earnings per share for the quarter, beating the consensus estimate of HK$0.282 by HK$0.188.
Is Semiconductor Manufacturing International overvalued?
According to Wall Street analysts Semiconductor Manufacturing International’s price is currently Undervalued.
Does Semiconductor Manufacturing International pay dividends?
Semiconductor Manufacturing International does not currently pay dividends.
What is Semiconductor Manufacturing International’s EPS estimate?
Semiconductor Manufacturing International’s EPS estimate is 0.40.
How many shares outstanding does Semiconductor Manufacturing International have?
Semiconductor Manufacturing International has 6,014,606,000 shares outstanding.
What happened to Semiconductor Manufacturing International’s price movement after its last earnings report?
Semiconductor Manufacturing International reported an EPS of HK$0.471 in its last earnings report, beating expectations of HK$0.282. Following the earnings report the stock price went up 2.296%.
Which hedge fund is a major shareholder of Semiconductor Manufacturing International?
Currently, no hedge funds are holding shares in HK:0981
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology