Chinese (SSE) Auto Components Industry Analysis
UpdatedSep 22, 2023
DataAggregated Company Financials
Companies194
- 7D-0.5%
- 3M-2.3%
- 1Y-3.1%
- YTD3.4%
Over the last 7 days, the Auto Components industry has dropped 2.6%, driven by a pullback from Huizhou Desay SV Automotive of 3.0%. In contrast, Ningbo Xusheng Group has gained 5.5%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Chinese Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 Sep 2023 | CN¥1.6t | CN¥994.0b | CN¥47.2b | 35.2x | 33.9x | 1.6x |
| Sun, 20 Aug 2023 | CN¥1.6t | CN¥950.0b | CN¥43.4b | 39x | 36.6x | 1.7x |
| Tue, 18 Jul 2023 | CN¥1.6t | CN¥937.7b | CN¥41.8b | 41.7x | 39.1x | 1.7x |
| Thu, 15 Jun 2023 | CN¥1.5t | CN¥934.2b | CN¥41.3b | 38.5x | 36.6x | 1.6x |
| Sat, 13 May 2023 | CN¥1.4t | CN¥929.7b | CN¥41.4b | 35.3x | 33.6x | 1.5x |
| Mon, 10 Apr 2023 | CN¥1.5t | CN¥895.9b | CN¥40.5b | 40.7x | 35.9x | 1.6x |
| Wed, 08 Mar 2023 | CN¥1.6t | CN¥894.7b | CN¥36.3b | 44x | 43.4x | 1.8x |
| Fri, 03 Feb 2023 | CN¥1.6t | CN¥893.4b | CN¥36.3b | 47.6x | 45.2x | 1.8x |
| Sun, 01 Jan 2023 | CN¥1.4t | CN¥892.3b | CN¥36.2b | 37.9x | 39.6x | 1.6x |
| Tue, 29 Nov 2022 | CN¥1.5t | CN¥890.5b | CN¥36.4b | 41.1x | 40.3x | 1.7x |
| Thu, 27 Oct 2022 | CN¥1.5t | CN¥846.7b | CN¥32.8b | 46.3x | 45.5x | 1.8x |
| Sat, 24 Sep 2022 | CN¥1.5t | CN¥834.8b | CN¥31.1b | 47.8x | 48.8x | 1.8x |
| Mon, 22 Aug 2022 | CN¥1.7t | CN¥844.4b | CN¥32.6b | 54.5x | 53.6x | 2.1x |
| Wed, 20 Jul 2022 | CN¥1.7t | CN¥869.4b | CN¥33.2b | 47.5x | 51.1x | 1.9x |
| Fri, 17 Jun 2022 | CN¥1.6t | CN¥869.6b | CN¥33.2b | 42.6x | 47.4x | 1.8x |
| Sun, 15 May 2022 | CN¥1.4t | CN¥865.0b | CN¥33.5b | 36.9x | 40.8x | 1.6x |
| Tue, 12 Apr 2022 | CN¥1.3t | CN¥845.4b | CN¥38.9b | 33.8x | 32.3x | 1.5x |
| Thu, 10 Mar 2022 | CN¥1.4t | CN¥842.1b | CN¥39.9b | 34.6x | 35.3x | 1.7x |
| Sat, 05 Feb 2022 | CN¥1.6t | CN¥834.5b | CN¥40.0b | 38.4x | 40.4x | 1.9x |
| Mon, 03 Jan 2022 | CN¥1.8t | CN¥834.5b | CN¥40.6b | 43.2x | 43.8x | 2.1x |
| Wed, 01 Dec 2021 | CN¥1.9t | CN¥835.0b | CN¥40.8b | 45.4x | 46x | 2.2x |
| Fri, 29 Oct 2021 | CN¥1.6t | CN¥843.3b | CN¥44.0b | 33.2x | 36.2x | 1.9x |
| Sun, 26 Sep 2021 | CN¥1.4t | CN¥829.4b | CN¥44.5b | 31.9x | 32x | 1.7x |
| Tue, 24 Aug 2021 | CN¥1.5t | CN¥828.5b | CN¥44.4b | 34.1x | 34.3x | 1.8x |
| Wed, 30 Jun 2021 | CN¥1.5t | CN¥827.9b | CN¥44.3b | 31.4x | 32.9x | 1.8x |
| Sat, 03 Apr 2021 | CN¥1.3t | CN¥788.5b | CN¥41.8b | 31x | 31.3x | 1.7x |
| Tue, 05 Jan 2021 | CN¥1.3t | CN¥682.9b | CN¥30.6b | 40.8x | 41.9x | 1.9x |
| Fri, 09 Oct 2020 | CN¥1.2t | CN¥671.5b | CN¥21.2b | 34.8x | 55.6x | 1.8x |
Price to Earnings Ratio
55.6x
Current Industry PE
- Investors are pessimistic on the Chinese Auto Components 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 34.7x which is lower than its 3-year average PE of 41.3x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 31% 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.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Discretionary industry?
| CN Market | -1.81% | |
| Consumer Discretionary | -0.62% | |
| Auto Components | -0.46% | |
| Auto Parts and Equipment | -0.46% | |
| Tires and Rubber | -0.47% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry even though it's trading below its 3-year average PE ratio of 44.7x.
- Analysts are expecting annual earnings growth of 31.4%, which is higher than its past year's earnings growth of 20.0% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 28.9x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 20% per year.
- In contrast, the Tires and Rubber industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| 301499 Shanghai Vico Precision Mold &Plastics Co | CN¥41.55 | 24.0% +CN¥1.1b | n/a | PE81.3x | |
| 2906 Foryou | CN¥31.12 | 5.3% +CN¥812.4m | -30.6% | PE40.6x | |
| 603305 Ningbo Xusheng Group | CN¥23.13 | 3.4% +CN¥718.6m | -20.7% | PE26.3x | |
| 300926 Jiangsu Bojun Industrial Technology | CN¥24.80 | 8.7% +CN¥554.9m | 51.6% | PE33.7x | |
| 600114 NBTM New Materials Group | CN¥10.92 | 8.8% +CN¥542.4m | 24.1% | PE47x |