Semiconductor Manufacturing International (0981) AI Stock Analysis

• Market Cap: HK$569.71B
• Dividend Yield: N/A
• Average Volume (3M): 94.43M
• Price to Earnings (P/E): 145.7
• Beta (1Y): 1.55
• Revenue Growth: 20.61%
• EPS Growth: 18.43%
• Country: HK
• Employees: 19,186
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.16
• Shares Outstanding: 6,013,454,000
• 10 Day Avg. Volume: 81,816,157
• 30 Day Avg. Volume: 94,434,044
• PEG Ratio: 3.17
• Price to Book (P/B): 4.74
• Price to Sales (P/S): 10.91
• P/FCF Ratio: -20.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$88.35
• Price Target Upside: 57.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 0.13
• Revenue Forecast (FY): HK$11.09B

• Rating: 51 Neutral
• Price Target: HK$56.00 ▼(-0.27% Downside)
• Action: Reiterated Date: 03/31/26
• Date: Action: Reiterated 03/31/26

The score is held back primarily by persistently negative free cash flow and clear technical weakness (price below all key moving averages with negative MACD). Balance sheet leverage is manageable and profitability has improved versus 2024, but high P/E valuation and multi-year margin compression limit the overall rating.

Positive Factors

Foundry business model & diversified end markets

SMIC’s pure-play foundry model generates recurring per-wafer revenue and ties the company to a broad set of end markets (consumer, communications, industrial, automotive). That diversification smooths demand cycles and supports long-term volume stability from multiple secular market drivers.

Negative Factors

Persistent negative free cash flow

Sustained FCF deficits (TTM ~-5.14B) reflect prolonged heavy capex and/or working-capital pressure. Persistent negative free cash flow limits the company’s ability to self-fund capacity growth, dividends or buybacks and increases reliance on external financing, reducing strategic optionality over time.

Semiconductor Manufacturing International Business Overview & Revenue Model

Company Description

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) in North America, China, rest of Asia, Hong Kong, ...

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Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) in North America, China, rest of Asia, Hong Kong, ...

How the Company Makes Money

SMIC primarily makes money by selling wafer foundry manufacturing services to customers that design chips but do not own fabrication facilities. Revenue is mainly generated on a per-wafer basis (or equivalent production-based pricing), where custo...

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SMIC primarily makes money by selling wafer foundry manufacturing services to customers that design chips but do not own fabrication facilities. Revenue is mainly generated on a per-wafer basis (or equivalent production-based pricing), where custo...

Semiconductor Manufacturing International Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.38B	8.03B	6.32B	7.27B	5.44B
Gross Profit	1.80B	1.45B	1.22B	2.76B	1.68B
EBITDA	4.41B	4.21B	4.06B	4.61B	3.82B
Net Income	702.26M	492.75M	902.53M	1.82B	1.70B
Balance Sheet
Total Assets	52.63B	49.16B	47.79B	43.81B	36.11B
Cash, Cash Equivalents and Short-Term Investments	10.47B	10.84B	9.38B	12.43B	12.50B
Total Debt	12.70B	11.60B	10.21B	8.69B	6.77B
Total Liabilities	16.81B	17.29B	16.94B	14.85B	10.67B
Stockholders Equity	21.58B	20.61B	20.12B	19.15B	17.15B
Cash Flow
Free Cash Flow	-4.96B	-4.49B	-4.28B	-912.63M	-1.33B
Operating Cash Flow	3.39B	3.18B	3.36B	5.35B	3.01B
Investing Cash Flow	-4.57B	-4.52B	-6.21B	-10.39B	-6.66B
Financing Cash Flow	539.44M	1.61B	2.47B	3.61B	2.36B

Semiconductor Manufacturing International Technical Analysis

• Last Price: 56.15

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0981, the sentiment is undefined. The current price of 56.15 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for HK:0981.

Semiconductor Manufacturing International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0085	64 Neutral	HK$2.37B	11.13	6.65%	6.98%	-18.35%	-6.00%
0522	62 Neutral	HK$46.35B	35.76	6.37%	0.69%	-0.64%	-39.74%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
1385	53 Neutral	HK$53.83B	149.23	3.71%	0.20%	12.62%	-4.75%
0981	51 Neutral	HK$569.71B	145.70	4.79%	―	20.61%	18.43%
1347	45 Neutral	HK$177.27B	314.51	0.16%	0.23%	19.15%	-94.32%
2533	45 Neutral	HK$11.17B	-6.41	-77.31%	―	―	―

Semiconductor Manufacturing International Corporate Events