Cambricon Technologies Corporation Limited

¥802.90As of Sun 8 Nov 2026, 12:00 UTC

SSE:688256Technology

Country China

PE (Fwd) •••

TSR 6Y CAGR 28.40%

Div yield 0.13%

ROE 31.53%

Semiconductors

Beta (5Y) 1.05

PE TTM 122.1

TSR TTM (12.92%)

Mkt cap ¥504.9B

ROIC 19.77%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

¥840

4.64%

(4.63%)

Buy 10|0|4|4|1

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

51.87

Revenue¥B

52.45

57.59

62.00

66.07

72.47

79.77

88.59

95.34

105.2

116.3

57.51

9.93%

9.26%

9.73

Revenue growth%

12.98

10.21

11.95

11.79

13.23

15.48

14.54

14.09

11.21

12.21

13.54

14.09

12.60

11.37

Gross margin%

8.19

6.26

3.43

3.13

5.08

3.42

4.09

2.00

2.33

0.40

29.46

2.33

3.42

11.58

Operating margin%

23.16

25.60

28.35

29.79

30.52

32.65

30.82

32.82

31.77

30.31

14.97

31.77

30.42

17.12

Net margin%

23.85

21.54

21.09

18.10

16.57

15.63

17.78

17.65

14.92

16.23

22.87

16.23

17.72

12.23

P/E ratio (avg)x

10.73

11.42

9.705

8.389

9.048

8.831

7.728

8.032

8.330

8.719

21.11

8.330

8.775

9.036

EV/EBITx

39.05

42.06

47.17

52.01

60.87

69.73

75.40

75.61

81.09

92.84

11.88

75.61

65.30

19.05

FCF yield (avg)%

17.03

16.23

14.75

15.83

13.96

16.51

17.72

18.46

17.24

15.41

10.61

17.24

16.37

10.37

FCF margin%

22.56

22.73

23.18

25.72

26.70

26.03

26.19

23.73

20.78

20.49

14.99

23.73

23.45

1.167

FCF / Net incomex

1.634

1.760

1.582

1.538

1.624

1.645

1.632

1.406

1.455

1.475

1.188

1.475

1.603

8.10

ROIC%

6.47

4.79

4.50

6.71

8.12

7.05

8.58

9.16

6.33

6.25

23.37

7.05

6.59

21.41

Return on equity%

23.97

23.60

25.51

28.01

26.33

25.62

24.36

22.16

19.69

22.58

24.21

22.58

24.16

18.85

Return on assets%

2.00

0.40

1.33

3.38

6.35

5.97

4.64

6.79

7.85

10.81

12.31

6.79

5.31

21.69

EPS¥

26.36

26.27

27.62

31.69

32.83

36.57

36.37

39.18

45.19

45.96

23.94

6.96%

5.91%

—

5.21

EPS growth%

0.40

2.04

0.68

0.90

3.40

4.36

3.30

5.56

8.13

3.40

1.47

80.50

Bookvalue per sh¥

102.86

116.98

130.11

151.40

174.16

175.91

190.33

198.53

228.06

224.37

23.64

5.20%

8.31%

—

57.02

FCF per share¥

49.92

53.13

62.83

65.27

64.20

62.72

60.77

67.14

77.93

81.67

73.68

4.93%

5.23%

—

27.97

Dividend per sh¥

147.64

152.50

174.03

202.31

203.49

232.64

260.72

308.03

336.85

383.39

91.01

13.51%

11.91%

—

7.77

Div yield (avg)%

0.40

1.92

4.49

2.02

2.62

2.46

3.93

1.81

2.50

29.74

2.50

2.24

20.62

Payout ratio%

13.43

15.99

13.03

14.56

15.63

17.93

15.27

17.32

16.67

18.51

18.59

17.32

15.81

613.0

Shares (diluted)M

695.8

681.9

706.9

777.6

871.8

927.4

900.6

893.6

854.1

786.4

631.6

(2.04%)

0.77%

5.97

Buyback yield%

12.87

15.20

14.97

12.71

13.28

16.28

13.45

16.38

16.67

16.52

14.41

16.38

15.09

1.375

D/E ratiox

0.373

0.389

0.401

0.406

0.375

0.357

0.379

0.374

0.351

0.376

1.673

0.374

0.376

25.33

Enterprise value¥B

65.65

73.40

74.70

88.05

102.2

106.1

118.9

130.6

145.3

23.73

7.30%

8.94%

97.04

LT debt¥B

136.0

126.9

120.1

133.1

152.6

152.3

151.3

169.8

190.8

185.2

78.13

3.95%

4.20%

Peers (US$75.69B)

Cap (US$)

MetaX Integrated…

29.54B

973.1x

Montage Technology Co.…

27.25B

2.962x

GigaDevice Semiconduct…

25.34B

14.35x

Semiconductor Manufact…

77.26B

44.73x

Capital

TTM

10Y

Leveragex

2.836

0.014

0.013

EBIT/Intx

1.408

1.215

0.962

Own earn%

(49.56)

10.87

11.40

Sh yield%

13.74

18.90

17.04

Owners

Insiders/Inst%

5.44

64.56

Short interest%

2.94

SBC / revenue%

5.34

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

23–33

$1 testx

—

Incr. ROIC%

Cambricon Technologies Corporation Limited develops and sells core AI chips for terminal devices in China, offering cloud-based intelligent chips and boards, intelligent complete machines, edge intelligence chips and boards, and supporting system software. Its products include Siyuan 370 and 270 smart accelerator cards, Siyuan 220 module, Cambricon-1M and Cambricon-1H processor IP, and NeuWare and MagicMind software platforms.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥116.3B

9.26%

1.00×

Cost of revenue

¥81.44B

9.26%

1.00×

Operating expenses

¥18.99B

10.32%

1.10×