Montage Technology Co., Ltd. Class H (HK:6809)
:6809
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Montage Technology Co., Ltd. Class H
(6809)
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Rating:68Neutral
Price Target:
HK$487.00
▲(132.57% Upside)
Action:N/A
Date:06/15/26
The score is primarily supported by strong financial performance—high current margins, strong cash generation, and an exceptionally conservative balance sheet. This is offset by an expensive valuation (very high P/E) and only mixed technical signals, with near-term weakness despite some oversold indications.
Positive Factors
High Profit Margins
Sustained high gross and net margins indicate durable pricing power and differentiated product value in memory interface and interconnect chips. These margins finance R&D and product development, allowing the company to sustain technology leadership and reinvest during multi-quarter cycles.
Negative Factors
Revenue Volatility
Meaningful revenue swings reflect end-market cyclicality in servers and memory upgrades. This structural volatility complicates capacity planning, R&D timing, and forecasting, making multi-quarter revenue and profit outcomes less predictable even with strong unit economics.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profit Margins
Sustained high gross and net margins indicate durable pricing power and differentiated product value in memory interface and interconnect chips. These margins finance R&D and product development, allowing the company to sustain technology leadership and reinvest during multi-quarter cycles.
Read all positive factors
Montage Technology Co., Ltd. Class H (6809) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$354.72B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)179.5
Beta (1Y)2.21
Revenue Growth40.74%
EPS GrowthN/A
CountryHK
Employees718
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)2.18
Shares Outstanding75,773,500
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio1.53
Price to Book (P/B)13.80
Price to Sales (P/S)33.56
P/FCF Ratio102.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$393.84Price Target Upside88.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)3.32
Revenue Forecast (FY)HK$8.58B
Montage Technology Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Montage Technology Co., Ltd., established in 2004 and headquartered in Shanghai, People's Republic of China, operates as an integrated circuit (IC) design specialist. The company is dedicated to developing and supplying IC-based solutions for the ...
How the Company Makes Money
Montage Technology primarily makes money by selling semiconductor products it designs, with revenue largely derived from (1) memory interface and buffering chips used in server platforms (e.g., devices that enable higher-capacity or higher-perform...
Montage Technology Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.66B | 5.32B | 3.64B | 2.29B | 3.67B | 2.56B |
| Gross Profit | 3.65B | 3.21B | 2.12B | 1.35B | 1.71B | 1.23B |
| EBITDA | 2.19B | 1.97B | 1.54B | 575.68M | 1.47B | 974.70M |
| Net Income | 2.49B | 2.18B | 1.41B | 450.91M | 1.30B | 829.14M |
Balance Sheet | ||||||
| Total Assets | 21.61B | 13.75B | 12.22B | 10.70B | 10.69B | 8.96B |
| Cash, Cash Equivalents and Short-Term Investments | 16.70B | 9.31B | 8.63B | 7.45B | 7.48B | 6.67B |
| Total Debt | 34.09M | 34.15M | 28.80M | 15.49M | 20.71M | 32.85M |
| Total Liabilities | 902.03M | 798.45M | 822.41M | 490.92M | 758.79M | 567.86M |
| Stockholders Equity | 20.78B | 12.93B | 11.40B | 10.19B | 9.91B | 8.39B |
Cash Flow | ||||||
| Free Cash Flow | 2.17B | 1.74B | 1.31B | 307.26M | 461.98M | 526.95M |
| Operating Cash Flow | 2.48B | 2.00B | 1.69B | 731.25M | 688.84M | 680.41M |
| Investing Cash Flow | -765.59M | 827.49M | -443.47M | -574.24M | 63.44M | 68.91M |
| Financing Cash Flow | 6.00B | -1.06B | -276.94M | -372.11M | -270.09M | -609.14M |
Montage Technology Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$354.72B | 179.47 | 17.16% | ― | 40.74% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | HK$129.25B | 29.97 | 12.79% | ― | 10.28% | ― | |
55 Neutral | HK$849.24M | 26.93 | 4.98% | ― | -17.88% | -60.44% | |
41 Neutral | HK$8.22B | -5.23 | -81.95% | ― | ― | ― |
* Technology Sector Average
HK:6809
Montage Technology Co., Ltd. Class H
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Montage Technology Co., Ltd. Class H Corporate Events
Montage Technology Proposes 2026 H Share Incentive Scheme to Strengthen Long-Term Talent Strategy
Jun 1, 2026
Montage Technology Co., Ltd., a PRC-based semiconductor and technology company listed in Hong Kong, plans to enhance its long-term incentive framework to better attract, retain and motivate key talent and service providers. The initiative undersco...
Montage Technology Plans Board Change as Veteran Director Retires
Jun 1, 2026
Montage Technology announced that non-executive director Dr. Wang Rui has tendered her resignation due to retirement and will step down from the board and the Strategy and ESG Committee once a successor is elected by shareholders. The board praise...
Montage Technology Sets June 2026 AGM to Vote on Dividends, Capital Moves and H-Share Incentive Plan
Jun 1, 2026
Montage Technology Co., Ltd. has convened its annual general meeting for June 24, 2026 in Shanghai, where shareholders will review the 2025 annual report, the board’s work report, profit distribution plan, and authorize the board to determin...
Montage Technology Delivers Strong Q1 2026 Growth With Surging Profit and Cash Flow
Apr 27, 2026
Montage Technology Co., Ltd. reported strong first-quarter 2026 results, with revenue rising 19.51% year on year to RMB 1.46 billion and profit attributable to shareholders jumping 61.30% to RMB 847.38 million. Basic and diluted earnings per share...
Montage Technology Sets April 27 Board Meeting to Review First-Quarter Results
Apr 14, 2026
Montage Technology Co., Ltd. has scheduled a board meeting for April 27, 2026, to review and approve the unaudited financial results for the three months ended March 31, 2026. The announcement signals upcoming disclosure of the company’s fir...
Montage Technology Commits RMB696 Million to Industrial Bank Structured Deposits
Apr 9, 2026
Montage Technology Co., Ltd. and its wholly owned subsidiaries have subscribed to structured deposit products offered by Industrial Bank in an aggregate amount of RMB696 million, using idle funds generated from daily operations rather than proceed...
Montage Technology’s 2025 Profit Surges on AI‑Driven Interconnect Chip Demand
Mar 30, 2026
Montage Technology reported a strong 2025 performance, with revenue rising 49.9% to RMB5,456 million and profit attributable to shareholders jumping 58.4% to RMB2,236 million, as AI‑driven demand boosted shipments of its interconnect chips. ...
Montage Technology Announces Proposed Final Dividend for 2025
Mar 30, 2026
Montage Technology Co., Ltd. has proposed a final ordinary cash dividend of RMB 3.9 per 10 shares for the financial year ended 31 December 2025, equivalent to HKD 4.41 per 10 shares based on an exchange rate of RMB 1 to HKD 1.1317. Key dates for s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.