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Semiconductor Manufacturing International (HKSE:00981) Intrinsic Value: Projected FCF : HK$-7.82 (As of Apr. 29, 2024)


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What is Semiconductor Manufacturing International Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-29), Semiconductor Manufacturing International's Intrinsic Value: Projected FCF is HK$-7.82. The stock price of Semiconductor Manufacturing International is HK$15.72. Therefore, Semiconductor Manufacturing International's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Semiconductor Manufacturing International's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Semiconductor Manufacturing International was 3.57. The lowest was 2.38. And the median was 2.98.

HKSE:00981's Price-to-Projected-FCF is not ranked *
in the Semiconductors industry.
Industry Median: 2.005
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Semiconductor Manufacturing International Intrinsic Value: Projected FCF Historical Data

The historical data trend for Semiconductor Manufacturing International's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Semiconductor Manufacturing International Intrinsic Value: Projected FCF Chart

Semiconductor Manufacturing International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.76 -1.99 -3.48 -3.15 -7.82

Semiconductor Manufacturing International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.15 -3.92 -4.33 -7.09 -7.82

Competitive Comparison of Semiconductor Manufacturing International's Intrinsic Value: Projected FCF

For the Semiconductors subindustry, Semiconductor Manufacturing International's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Semiconductor Manufacturing International's Price-to-Projected-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Semiconductor Manufacturing International's Price-to-Projected-FCF falls into.



Semiconductor Manufacturing International Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Semiconductor Manufacturing International's Free Cash Flow(6 year avg) = HK$-15,138.56.

Semiconductor Manufacturing International's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(12.437096484727*-15138.56048+157102.733*0.8)/8000.800
=-7.82

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Semiconductor Manufacturing International  (HKSE:00981) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Semiconductor Manufacturing International's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=15.72/-7.8239114750568
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Semiconductor Manufacturing International Intrinsic Value: Projected FCF Related Terms

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Semiconductor Manufacturing International (HKSE:00981) Business Description

Traded in Other Exchanges
Address
No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

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