Longhui International Holdings Limited's (HKG:1007) 51% Share Price Surge Not Quite Adding Up
May 27
Hong Kong (HSI) Restaurants Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies35
- 7D-2.3%
- 3M45.8%
- 1Y-0.2%
- YTDn/a
Over the last 7 days, the Restaurants industry has dropped 4.7%, driven by a pullback from Meituan of 2.0%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 35% per annum.
Industry Valuation and Performance
Has the Hong Kong Restaurants Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | HK$905.9b | HK$408.9b | HK$22.6b | 12.5x | 40x | 2.2x |
| Fri, 26 Apr 2024 | HK$848.7b | HK$409.7b | HK$22.7b | 9.8x | 37.4x | 2.1x |
| Sun, 24 Mar 2024 | HK$694.0b | HK$394.0b | HK$18.5b | 11.9x | 37.5x | 1.8x |
| Tue, 20 Feb 2024 | HK$574.7b | HK$381.0b | HK$15.0b | 15.6x | 38.4x | 1.5x |
| Thu, 18 Jan 2024 | HK$548.9b | HK$381.2b | HK$15.0b | 15.6x | 36.6x | 1.4x |
| Sat, 16 Dec 2023 | HK$665.7b | HK$384.7b | HK$15.1b | 19.4x | 44x | 1.7x |
| Mon, 13 Nov 2023 | HK$846.2b | HK$360.5b | HK$12.2b | 16.2x | 69.6x | 2.3x |
| Wed, 11 Oct 2023 | HK$889.6b | HK$360.5b | HK$12.2b | 17.5x | 73.1x | 2.5x |
| Fri, 08 Sep 2023 | HK$969.4b | HK$360.0b | HK$12.1b | 19.5x | 79.8x | 2.7x |
| Sun, 06 Aug 2023 | HK$1.1t | HK$338.0b | HK$851.1m | 16.3x | 1290.2x | 3.2x |
| Tue, 04 Jul 2023 | HK$967.7b | HK$335.8b | HK$813.0m | 19.9x | 1190.3x | 2.9x |
| Thu, 01 Jun 2023 | HK$858.5b | HK$340.8b | HK$540.8m | 29.9x | 1587.6x | 2.5x |
| Sat, 29 Apr 2023 | HK$1.0t | HK$335.5b | -HK$9,711,569,042.00 | 19x | -106.6x | 3.1x |
| Mon, 27 Mar 2023 | HK$1.1t | HK$340.0b | -HK$16,911,337,422.00 | 21.1x | -63.9x | 3.2x |
| Wed, 22 Feb 2023 | HK$207.2b | HK$89.3b | -HK$7,859,942,385.00 | 34.6x | -26.4x | 2.3x |
| Fri, 20 Jan 2023 | HK$222.3b | HK$90.0b | -HK$7,940,069,451.00 | 37.9x | -28x | 2.5x |
| Sun, 18 Dec 2022 | HK$205.1b | HK$87.9b | -HK$7,685,354,416.00 | 36.7x | -26.7x | 2.3x |
| Tue, 15 Nov 2022 | HK$160.9b | HK$88.1b | -HK$7,685,031,030.00 | 23.1x | -20.9x | 1.8x |
| Thu, 13 Oct 2022 | HK$141.2b | HK$87.5b | -HK$7,587,861,504.00 | 13.8x | -18.6x | 1.6x |
| Sat, 10 Sep 2022 | HK$166.2b | HK$89.4b | -HK$7,808,139,498.00 | 16.6x | -21.3x | 1.9x |
| Mon, 08 Aug 2022 | HK$166.8b | HK$98.7b | -HK$10,994,582,141.00 | 18.7x | -15.2x | 1.7x |
| Wed, 06 Jul 2022 | HK$183.4b | HK$99.3b | -HK$11,089,605,050.00 | 15.6x | -16.5x | 1.8x |
| Fri, 03 Jun 2022 | HK$166.8b | HK$100.3b | -HK$10,794,207,030.00 | 16.1x | -15.5x | 1.7x |
| Sun, 01 May 2022 | HK$162.3b | HK$100.9b | -HK$10,804,791,561.00 | 14.6x | -15x | 1.6x |
| Tue, 29 Mar 2022 | HK$153.6b | HK$103.1b | -HK$9,440,352,251.00 | 19x | -16.3x | 1.5x |
| Thu, 24 Feb 2022 | HK$201.2b | HK$102.8b | -HK$2,442,102,356.00 | 22.8x | -82.4x | 2x |
| Sat, 22 Jan 2022 | HK$205.4b | HK$102.3b | -HK$2,423,108,277.00 | 18.1x | -84.8x | 2x |
| Mon, 20 Dec 2021 | HK$188.3b | HK$102.1b | -HK$2,412,757,659.00 | 24.5x | -78x | 1.8x |
| Wed, 17 Nov 2021 | HK$208.3b | HK$100.5b | -HK$2,524,821,049.00 | 19.8x | -82.5x | 2.1x |
| Fri, 15 Oct 2021 | HK$271.4b | HK$99.2b | -HK$2,484,773,184.00 | 19.9x | -109.2x | 2.7x |
| Sun, 12 Sep 2021 | HK$306.8b | HK$96.8b | -HK$2,827,672,687.59 | 22.5x | -108.5x | 3.2x |
| Tue, 10 Aug 2021 | HK$260.9b | HK$95.5b | -HK$2,839,904,630.90 | 23.6x | -91.9x | 2.7x |
Price to Earnings Ratio
276x
Current Industry PE
- Investors are pessimistic on the Hong Kong Restaurants industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 40.0x which is lower than its 3-year average PE of 95.0x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Restaurants industry have grown 170% per year over the last three years.
- Revenues for these companies have grown 71% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Restaurants compare with similar industries?
| HK Market | -0.73% | |
| Consumer Discretionary | -2.30% | |
| Hospitality | -2.77% | |
| Restaurants | -2.26% | |
| Casinos and Gaming | -1.58% | |
| Leisure Facilities | -4.68% | |
| Hotels, Resorts and Cruise Lines | -7.91% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9658 Super Hi International Holding | HK$15.84 | 2.3% +HK$232.7m | 11.5% | PE51.1x | |
| 2217 Tam Jai International | HK$1.18 | 9.3% +HK$134.7m | -34.4% | PE13.4x | |
| 538 Ajisen (China) Holdings | HK$1.12 | 2.8% +HK$32.7m | 20.4% | PE6.3x | |
| 1869 Kafelaku Coffee Holding | HK$0.23 | 13.2% +HK$29.8m | -1.3% | PE32.1x | |
| 703 Future Bright Holdings | HK$0.28 | 5.7% +HK$10.4m | 45.1% | PE4x |
