Chinese (SSE) Market Analysis & Valuation
UpdatedMay 23, 2022
DataAggregated Company Financials
Companies4587
- 7D2.5%
- 3M-13.1%
- 1Y-13.1%
- YTD-19.0%
Over the past 7 days, the market has risen 2.5% with the Information Technology sector contributing the most to the gain. In contrast, the market has seen a decline of 13% over the last 12 months. Earnings are forecast to grow by 24% annually.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | CN¥66.1t | CN¥46.1t | CN¥2.8t | 31x |
| Wed, 20 Apr 2022 | CN¥66.8t | CN¥45.5t | CN¥3.0t | 30.7x |
| Fri, 18 Mar 2022 | CN¥69.4t | CN¥44.8t | CN¥3.0t | 31.9x |
| Sun, 13 Feb 2022 | CN¥73.5t | CN¥44.1t | CN¥3.0t | 34.1x |
| Tue, 11 Jan 2022 | CN¥78.4t | CN¥43.8t | CN¥2.9t | 37.9x |
| Thu, 09 Dec 2021 | CN¥79.5t | CN¥43.7t | CN¥2.9t | 36.8x |
| Sat, 06 Nov 2021 | CN¥75.4t | CN¥43.8t | CN¥2.9t | 34.3x |
| Mon, 04 Oct 2021 | CN¥75.3t | CN¥42.4t | CN¥2.9t | 33.1x |
| Wed, 01 Sep 2021 | CN¥75.6t | CN¥42.4t | CN¥2.9t | 34.5x |
| Thu, 08 Jul 2021 | CN¥75.5t | CN¥42.2t | CN¥2.9t | 33.9x |
| Wed, 31 Mar 2021 | CN¥67.8t | CN¥39.8t | CN¥2.7t | 32x |
| Sat, 02 Jan 2021 | CN¥69.1t | CN¥36.8t | CN¥2.4t | 37.9x |
| Tue, 06 Oct 2020 | CN¥62.2t | CN¥35.1t | CN¥2.1t | 39x |
| Fri, 10 Jul 2020 | CN¥55.8t | CN¥33.9t | CN¥2.0t | 37.6x |
| Thu, 02 Apr 2020 | CN¥47.2t | CN¥33.2t | CN¥2.0t | 35.1x |
| Sun, 05 Jan 2020 | CN¥48.8t | CN¥33.8t | CN¥2.1t | 34.7x |
| Wed, 09 Oct 2019 | CN¥45.0t | CN¥32.6t | CN¥2.1t | 31.1x |
| Tue, 02 Jul 2019 | CN¥43.7t | CN¥31.8t | CN¥2.0t | 31.2x |
Median PE Ratio
32.1x
Current Market PE
- Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 35.0x.
Past Earnings Growth
- The earnings for Chinese listed companies have grown 12% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | 2.51% | |
| Energy | 6.75% | |
| Materials | 4.48% | |
| Tech | 4.31% | |
| Industrials | 3.30% | |
| Consumer Discretionary | 2.28% | |
| Telecom | 1.55% | |
| Financials | 1.54% | |
| Consumer Staples | 1.51% | |
| Utilities | 0.92% | |
| Real Estate | 0.49% | |
| Healthcare | -1.70% | |
Sector PE
- Investors are most optimistic about the Tech sector even though it's trading below its 3-year average PE ratio of 50.0x.
- This is likely because analysts are expecting annual earnings growth of 27%, which is higher than its past year's earnings growth of 8.5% per year.
- Investors are most pessimistic about the Financials sector, which is trading below its 3-year average of 18.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 1.8% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 14% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 600036 China Merchants Bank | CN¥39.96 | 8.3% +CN¥77.4b | -26.1% | PB1.2x | Financials | |
| 600519 Kweichow Moutai | CN¥1.80k | 2.4% +CN¥52.8b | -13.1% | PS40.6x | Consumer Staples | |
| 601012 LONGi Green Energy Technology | CN¥76.68 | 12.8% +CN¥47.0b | 11.5% | PS44.9x | Tech | |
| 300750 Contemporary Amperex Technology | CN¥426.90 | 4.9% +CN¥46.4b | 10.0% | PS64.3x | Industrials | |
| 858 Wuliangye YibinLtd | CN¥162.47 | 4.7% +CN¥28.3b | -46.7% | PS25.4x | Consumer Staples |