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Chinese (SSE) Market Analysis & Valuation
UpdatedJan 10, 2025
DataAggregated Company Financials
Companies5001
- 7D-1.5%
- 3M0.8%
- 1Y5.6%
- YTD-1.5%
Over the last 7 days, the market has dropped 1.5%, driven by pullbacks in every sector, especially the Industrials sector. As for the longer term, the market has actually risen by 5.6% in the last year. Looking forward, earnings are forecast to grow by 25% annually.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 Jan 2025 | CN¥68.0t | CN¥49.9t | CN¥2.7t | 33.6x | 25x | 1.4x |
| Sun, 08 Dec 2024 | CN¥73.8t | CN¥49.9t | CN¥2.7t | 37x | 27.1x | 1.5x |
| Tue, 05 Nov 2024 | CN¥71.1t | CN¥49.9t | CN¥2.7t | 34.4x | 26.1x | 1.4x |
| Thu, 03 Oct 2024 | CN¥70.1t | CN¥50.3t | CN¥2.8t | 33.5x | 25.3x | 1.4x |
| Sat, 31 Aug 2024 | CN¥57.2t | CN¥50.8t | CN¥2.8t | 27.2x | 20.2x | 1.1x |
| Mon, 29 Jul 2024 | CN¥58.3t | CN¥50.7t | CN¥2.8t | 27.5x | 20.7x | 1.2x |
| Wed, 26 Jun 2024 | CN¥59.9t | CN¥50.8t | CN¥2.8t | 28.4x | 21.4x | 1.2x |
| Fri, 24 May 2024 | CN¥65.0t | CN¥50.8t | CN¥2.8t | 31.6x | 23.4x | 1.3x |
| Sun, 21 Apr 2024 | CN¥62.7t | CN¥50.9t | CN¥2.9t | 29.1x | 21.8x | 1.2x |
| Tue, 19 Mar 2024 | CN¥66.0t | CN¥51.5t | CN¥2.9t | 31.9x | 23x | 1.3x |
| Thu, 15 Feb 2024 | CN¥59.2t | CN¥51.9t | CN¥3.1t | 26.5x | 19.2x | 1.1x |
| Sat, 13 Jan 2024 | CN¥62.6t | CN¥49.9t | CN¥2.7t | 33.8x | 23x | 1.3x |
| Mon, 11 Dec 2023 | CN¥65.4t | CN¥49.8t | CN¥2.7t | 34.7x | 24.1x | 1.3x |
| Wed, 08 Nov 2023 | CN¥67.5t | CN¥51.9t | CN¥2.6t | 35.5x | 26x | 1.3x |
| Fri, 06 Oct 2023 | CN¥67.6t | CN¥49.6t | CN¥2.7t | 35.2x | 24.7x | 1.4x |
| Sun, 03 Sep 2023 | CN¥68.7t | CN¥49.6t | CN¥2.8t | 35.1x | 24.9x | 1.4x |
| Tue, 01 Aug 2023 | CN¥72.1t | CN¥49.1t | CN¥2.8t | 36.2x | 25.5x | 1.5x |
| Thu, 29 Jun 2023 | CN¥70.2t | CN¥49.1t | CN¥2.8t | 36x | 24.9x | 1.4x |
| Sat, 27 May 2023 | CN¥70.3t | CN¥49.0t | CN¥2.8t | 35.9x | 25x | 1.4x |
| Mon, 24 Apr 2023 | CN¥72.1t | CN¥48.1t | CN¥2.8t | 34.7x | 25.4x | 1.5x |
| Wed, 22 Mar 2023 | CN¥71.5t | CN¥47.9t | CN¥2.9t | 35.8x | 24.8x | 1.5x |
| Fri, 17 Feb 2023 | CN¥73.2t | CN¥47.5t | CN¥2.9t | 36.2x | 25.6x | 1.5x |
| Sun, 15 Jan 2023 | CN¥70.6t | CN¥47.4t | CN¥2.8t | 33.4x | 24.8x | 1.5x |
| Tue, 13 Dec 2022 | CN¥70.2t | CN¥47.5t | CN¥2.8t | 34.5x | 24.8x | 1.5x |
| Thu, 10 Nov 2022 | CN¥67.2t | CN¥47.5t | CN¥2.8t | 33.9x | 23.8x | 1.4x |
| Sat, 08 Oct 2022 | CN¥65.3t | CN¥46.6t | CN¥2.9t | 30x | 22.9x | 1.4x |
| Mon, 05 Sep 2022 | CN¥70.0t | CN¥46.2t | CN¥2.8t | 33.9x | 24.6x | 1.5x |
| Wed, 03 Aug 2022 | CN¥70.3t | CN¥46.1t | CN¥2.8t | 33.4x | 24.8x | 1.5x |
| Fri, 01 Jul 2022 | CN¥73.3t | CN¥46.0t | CN¥2.8t | 34.2x | 26x | 1.6x |
| Sun, 29 May 2022 | CN¥65.2t | CN¥46.1t | CN¥2.8t | 30.6x | 23.1x | 1.4x |
| Tue, 26 Apr 2022 | CN¥60.0t | CN¥45.7t | CN¥3.0t | 27x | 20.1x | 1.3x |
| Thu, 24 Mar 2022 | CN¥70.5t | CN¥45.0t | CN¥3.0t | 32.9x | 23.5x | 1.6x |
| Sat, 19 Feb 2022 | CN¥74.8t | CN¥44.1t | CN¥3.0t | 35x | 25.3x | 1.7x |
| Mon, 17 Jan 2022 | CN¥77.3t | CN¥43.8t | CN¥2.9t | 37.6x | 26.3x | 1.8x |
Price to Earnings Ratio
26.3x
Current Market PE
- Investors are relatively neutral on the Chinese 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 23.9x.
Past Earnings Growth
- The earnings for Chinese listed companies have declined 2.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | -1.54% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Tech | -0.54% | |
| Materials | -0.73% | |
| Consumer Discretionary | -0.80% | |
| Financials | -1.26% | |
| Industrials | -1.53% | |
| Energy | -2.48% | |
| Healthcare | -2.63% | |
| Utilities | -2.70% | |
| Telecom | -3.10% | |
| Consumer Staples | -3.39% | |
| Real Estate | -3.43% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 49.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 39.9%, which is higher than its past year's earnings growth of 1.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings growth rate of 1.7% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|---|
| 688256 Cambricon Technologies | CN¥729.97 | 17.5% +CN¥45.5b | 523.1% | PS406.7x | Tech | |
| 688041 Hygon Information Technology | CN¥146.70 | 8.2% +CN¥25.8b | 124.3% | PE180.6x | Tech | |
| 002050 Zhejiang Sanhua Intelligent ControlsLtd | CN¥26.70 | 21.5% +CN¥17.6b | 4.6% | PE32.4x | Industrials | |
| 605499 Eastroc Beverage(Group) | CN¥276.96 | 12.4% +CN¥15.9b | 109.5% | PE46.6x | Consumer Staples | |
| 601166 Industrial Bank | CN¥19.58 | 3.5% +CN¥13.7b | 33.3% | PB0.5x | Financials |
