Is SMIC's Valuation Warranted Following a 10.9% Decline and Recent Expansion Announcements?

Stock Performance Overview: Semiconductor Manufacturing International has shown impressive growth with a 138.3% increase year-to-date, despite a recent 10.9% dip. However, it currently scores a zero on valuation checks, indicating potential overvaluation.

Valuation Analysis: The Discounted Cash Flow (DCF) model suggests the stock is overvalued by 42.8%, with a PE ratio of 123.36x significantly higher than industry averages, raising concerns about its current market price relative to its fundamentals.