Investors Appear Satisfied With Ninebot Limited's (SHSE:689009) Prospects As Shares Rocket 25%
Apr 29
Chinese (SSE) Auto Industry Analysis
UpdatedApr 30, 2024
DataAggregated Company Financials
Companies23
- 7D1.7%
- 3M26.6%
- 1Y28.4%
- YTD11.9%
Over the last 7 days, the Auto industry has risen 1.7%, driven by gains from Ninebot of 19%. In the same time, Chongqing Changan Automobile was down 10%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Chinese Auto Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 Apr 2024 | CN¥742.5b | CN¥1.2t | CN¥22.1b | 24.7x | 33.6x | 0.6x |
| Thu, 28 Mar 2024 | CN¥724.3b | CN¥1.1t | CN¥20.5b | 22.9x | 35.4x | 0.6x |
| Sat, 24 Feb 2024 | CN¥658.7b | CN¥1.1t | CN¥20.5b | 20.3x | 32.2x | 0.6x |
| Mon, 22 Jan 2024 | CN¥608.6b | CN¥1.1t | CN¥20.5b | 23.9x | 29.8x | 0.5x |
| Wed, 20 Dec 2023 | CN¥723.0b | CN¥1.1t | CN¥20.4b | 24.1x | 35.5x | 0.6x |
| Fri, 17 Nov 2023 | CN¥744.3b | CN¥1.1t | CN¥20.4b | 23.6x | 36.5x | 0.7x |
| Sun, 15 Oct 2023 | CN¥695.1b | CN¥1.2t | CN¥21.2b | 23.9x | 32.8x | 0.6x |
| Tue, 12 Sep 2023 | CN¥631.7b | CN¥1.2t | CN¥21.2b | 23.7x | 29.8x | 0.5x |
| Thu, 10 Aug 2023 | CN¥667.0b | CN¥1.1t | CN¥18.1b | 25.9x | 36.9x | 0.6x |
| Sat, 08 Jul 2023 | CN¥642.0b | CN¥1.1t | CN¥17.6b | 25.6x | 36.4x | 0.6x |
| Mon, 05 Jun 2023 | CN¥581.2b | CN¥1.1t | CN¥17.9b | 24.3x | 32.5x | 0.5x |
| Wed, 03 May 2023 | CN¥605.9b | CN¥1.1t | CN¥19.2b | 24.9x | 31.6x | 0.5x |
| Fri, 31 Mar 2023 | CN¥688.3b | CN¥1.2t | CN¥15.6b | 29.3x | 44.2x | 0.6x |
| Sun, 26 Feb 2023 | CN¥721.4b | CN¥1.2t | CN¥14.5b | 32.8x | 49.6x | 0.6x |
| Tue, 24 Jan 2023 | CN¥711.0b | CN¥1.2t | CN¥14.7b | 30.7x | 48.2x | 0.6x |
| Thu, 22 Dec 2022 | CN¥682.3b | CN¥1.2t | CN¥14.5b | 27.5x | 47.2x | 0.6x |
| Sat, 19 Nov 2022 | CN¥692.1b | CN¥1.2t | CN¥14.3b | 27.7x | 48.5x | 0.6x |
| Mon, 17 Oct 2022 | CN¥715.0b | CN¥1.2t | CN¥16.4b | 36.6x | 43.7x | 0.6x |
| Wed, 14 Sep 2022 | CN¥779.1b | CN¥1.2t | CN¥16.7b | 42.8x | 46.6x | 0.7x |
| Fri, 12 Aug 2022 | CN¥830.9b | CN¥1.3t | CN¥25.3b | 41.3x | 32.9x | 0.7x |
| Sun, 10 Jul 2022 | CN¥863.4b | CN¥1.3t | CN¥25.1b | 39.8x | 34.4x | 0.7x |
| Tue, 07 Jun 2022 | CN¥764.6b | CN¥1.3t | CN¥25.1b | 32.8x | 30.5x | 0.6x |
| Thu, 05 May 2022 | CN¥593.1b | CN¥1.3t | CN¥25.4b | 26.9x | 23.4x | 0.5x |
| Sat, 02 Apr 2022 | CN¥648.9b | CN¥1.3t | CN¥31.6b | 21x | 20.5x | 0.5x |
| Mon, 28 Feb 2022 | CN¥718.6b | CN¥1.3t | CN¥30.4b | 23.9x | 23.7x | 0.5x |
| Wed, 26 Jan 2022 | CN¥738.3b | CN¥1.3t | CN¥30.1b | 26.1x | 24.5x | 0.6x |
| Fri, 24 Dec 2021 | CN¥854.3b | CN¥1.3t | CN¥30.1b | 28.9x | 28.3x | 0.6x |
| Sun, 21 Nov 2021 | CN¥852.9b | CN¥1.3t | CN¥30.1b | 28x | 28.3x | 0.6x |
| Tue, 19 Oct 2021 | CN¥872.1b | CN¥1.4t | CN¥31.1b | 24.9x | 28x | 0.6x |
| Thu, 16 Sep 2021 | CN¥878.0b | CN¥1.4t | CN¥31.1b | 28.3x | 28.2x | 0.6x |
| Sat, 14 Aug 2021 | CN¥864.9b | CN¥1.4t | CN¥31.1b | 32.6x | 27.8x | 0.6x |
| Wed, 09 Jun 2021 | CN¥820.5b | CN¥1.3t | CN¥29.7b | 32.8x | 27.6x | 0.6x |
Price to Earnings Ratio
24.7x
Current Industry PE
- Investors are relatively neutral on the Chinese Auto industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 33.7x.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- The earnings for companies in the Auto industry have declined 9.4% per year over the last three years,
- Revenues have also declined 4.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Discretionary industry?
| CN Market | 4.38% | |
| Consumer Discretionary | 3.71% | |
| Auto | 1.66% | |
| Motorcycle Manufacturers | 8.94% | |
| Automobile Manufacturers | 0.72% | |
Industry PE
- Investors are most optimistic about the Automobile Manufacturers industry, which is trading close to its 3-year average PE ratio of 34.6x.
- Analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings growth of 4.1% per year.
- Investors are most pessimistic about the Motorcycle Manufacturers industry, which is trading below its 3-year average of 36.3x.
Forecasted Growth
- Analysts are most optimistic on the Automobile Manufacturers industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 4.1% per year.
- In contrast, the Motorcycle Manufacturers industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 689009 Ninebot | CN¥37.21 | 18.7% +CN¥4.3b | 11.3% | PE37.7x | |
| 601965 China Automotive Engineering Research Institute | CN¥20.54 | 9.7% +CN¥1.8b | -7.8% | PE24.4x | |
| 603529 AIMA Technology Group | CN¥35.28 | 6.1% +CN¥1.7b | -6.3% | PE15.9x | |
| 601777 Lifan Technology(Group)Co.Ltd | CN¥3.21 | 5.6% +CN¥775.9m | -9.1% | PS2.1x | |
| 913 Zhejiang Qianjiang Motorcycle | CN¥17.24 | 8.0% +CN¥674.8m | -19.5% | PE17.2x |
