Should You Think About Buying Chongqing Changan Automobile Company Limited (SZSE:000625) Now?
Apr 14
Chinese (SSE) Consumer Discretionary Sector Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies597
- 7D-5.1%
- 3M-0.7%
- 1Y-10.2%
- YTD-3.8%
Over the last 7 days, the Consumer Discretionary industry has dropped 1.4%, driven by declines in Chongqing Changan Automobile and China Tourism Group Duty Free of 7.4% and 7.5%, respectively. In contrast, Midea Group has gained 5.0%. However, the industry is down 6.5% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.
Sector Valuation and Performance
Has the Chinese Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | CN¥5.6t | CN¥5.6t | CN¥225.8b | 24.7x | 24.7x | 1x |
| Fri, 15 Mar 2024 | CN¥5.6t | CN¥5.8t | CN¥223.2b | 27.5x | 25.2x | 1x |
| Sun, 11 Feb 2024 | CN¥5.0t | CN¥5.6t | CN¥210.7b | 23.5x | 23.9x | 0.9x |
| Tue, 09 Jan 2024 | CN¥5.4t | CN¥5.6t | CN¥207.1b | 29.6x | 26.1x | 1x |
| Thu, 07 Dec 2023 | CN¥5.7t | CN¥5.6t | CN¥206.1b | 32x | 27.7x | 1x |
| Sat, 04 Nov 2023 | CN¥5.7t | CN¥5.6t | CN¥206.2b | 31.8x | 27.7x | 1x |
| Mon, 02 Oct 2023 | CN¥5.7t | CN¥5.6t | CN¥197.0b | 31.8x | 29x | 1x |
| Wed, 30 Aug 2023 | CN¥5.8t | CN¥5.6t | CN¥186.9b | 31.5x | 30.8x | 1x |
| Fri, 28 Jul 2023 | CN¥6.0t | CN¥5.6t | CN¥165.7b | 33.8x | 36.3x | 1.1x |
| Sun, 25 Jun 2023 | CN¥5.8t | CN¥5.6t | CN¥165.0b | 33.9x | 35x | 1x |
| Tue, 23 May 2023 | CN¥5.4t | CN¥5.6t | CN¥164.4b | 31.5x | 33x | 1x |
| Thu, 20 Apr 2023 | CN¥5.9t | CN¥5.7t | CN¥146.0b | 33x | 40.3x | 1x |
| Sat, 18 Mar 2023 | CN¥5.8t | CN¥5.8t | CN¥154.4b | 32.7x | 37.8x | 1x |
| Mon, 13 Feb 2023 | CN¥6.2t | CN¥5.8t | CN¥153.6b | 34.4x | 40.4x | 1.1x |
| Wed, 11 Jan 2023 | CN¥6.1t | CN¥5.8t | CN¥154.7b | 31.5x | 39.5x | 1.1x |
| Fri, 09 Dec 2022 | CN¥6.1t | CN¥5.8t | CN¥154.2b | 33.3x | 39.3x | 1x |
| Sun, 06 Nov 2022 | CN¥5.8t | CN¥5.8t | CN¥150.8b | 33.5x | 38.3x | 1x |
| Tue, 04 Oct 2022 | CN¥5.6t | CN¥5.7t | CN¥152.1b | 31.1x | 36.5x | 1x |
| Thu, 01 Sep 2022 | CN¥6.0t | CN¥5.8t | CN¥157.3b | 34.2x | 38.1x | 1x |
| Sat, 30 Jul 2022 | CN¥6.5t | CN¥5.9t | CN¥172.3b | 37.1x | 37.5x | 1.1x |
| Mon, 27 Jun 2022 | CN¥6.5t | CN¥5.9t | CN¥174.8b | 35x | 37.1x | 1.1x |
| Wed, 25 May 2022 | CN¥5.6t | CN¥5.9t | CN¥171.4b | 31x | 32.7x | 1x |
| Fri, 22 Apr 2022 | CN¥5.5t | CN¥6.0t | CN¥221.3b | 28.5x | 24.8x | 0.9x |
| Sun, 20 Mar 2022 | CN¥5.9t | CN¥6.0t | CN¥228.2b | 27.9x | 25.9x | 1x |
| Tue, 15 Feb 2022 | CN¥6.6t | CN¥5.9t | CN¥229.0b | 31.2x | 28.9x | 1.1x |
| Thu, 13 Jan 2022 | CN¥7.2t | CN¥5.9t | CN¥231.1b | 34.2x | 31.1x | 1.2x |
| Sat, 11 Dec 2021 | CN¥7.2t | CN¥5.9t | CN¥228.6b | 33.1x | 31.4x | 1.2x |
| Mon, 08 Nov 2021 | CN¥6.9t | CN¥5.9t | CN¥228.7b | 30.6x | 30.3x | 1.2x |
| Wed, 06 Oct 2021 | CN¥6.6t | CN¥5.9t | CN¥244.8b | 27.9x | 27.1x | 1.1x |
| Fri, 03 Sep 2021 | CN¥6.8t | CN¥5.8t | CN¥240.7b | 30.2x | 28.4x | 1.2x |
| Sun, 01 Aug 2021 | CN¥6.6t | CN¥5.8t | CN¥240.4b | 29x | 27.5x | 1.1x |
| Wed, 05 May 2021 | CN¥7.2t | CN¥5.6t | CN¥227.9b | 29.5x | 31.5x | 1.3x |
Price to Earnings Ratio
31.5x
Current Industry PE
- Investors are pessimistic on the Chinese Consumer Discretionary 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 24.9x which is lower than its 3-year average PE of 32.1x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- Both revenue and earnings for companies in the Consumer Discretionary industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Discretionary sector?
| CN Market | -4.85% | |
| Consumer Discretionary | -5.06% | |
| Consumer Durables | 0.75% | |
| Online Retail and Ecommerce | 0% | |
| Auto | -3.78% | |
| Hospitality | -5.87% | |
| Specialty Stores | -7.44% | |
| Retail Distributors | -7.68% | |
| Auto Components | -8.02% | |
| Luxury | -8.44% | |
| General Merchandise and Department Stores | -9.29% | |
| Leisure | -10.75% | |
| Consumer Services | -13.45% | |
Industry PE
- Investors are most optimistic about the Specialty Stores industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 25.7%, which is higher than its past year's earnings decline of 31.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 66% over the next 5 years.
- This is better than its past earnings growth rate of 5.7% per year.
- In contrast, the Consumer Durables industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 333 Midea Group | CN¥68.58 | 5.2% +CN¥23.4b | 22.3% | PE14x | |
| 601127 Seres GroupLtd | CN¥94.66 | 13.8% +CN¥17.4b | 188.6% | PS5.2x | |
| 600690 Haier Smart Home | CN¥27.85 | 6.3% +CN¥15.1b | 21.5% | PE15.5x | |
| 651 Gree Electric Appliances of Zhuhai | CN¥39.57 | 4.4% +CN¥8.7b | -1.1% | PE7.9x | |
| 688169 Beijing Roborock Technology | CN¥374.60 | 11.5% +CN¥5.1b | 65.2% | PE24x |
