Chinese (SSE) Auto Components Industry Analysis
UpdatedNov 26, 2022
DataAggregated Company Financials
Companies181
- 7D-2.5%
- 3M-12.6%
- 1Y-19.7%
- YTD-18.1%
Over the last 7 days, the Auto Components industry has dropped 2.5%, driven by declines in Fuyao Glass Industry Group and Huizhou Desay SV Automotive of 2.4% and 3.6%, respectively. Meanwhile, Zhejiang Dehong Automotive Electronic & Electrical actually outperformed within the industry, gaining 14% in the last week. However, the industry is down 20% over the past year. As for the next few years, earnings are expected to grow by 37% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | CN¥1.5t | CN¥890.5b | CN¥36.5b | 40.7x | 40.5x | 1.7x |
| Tue, 25 Oct 2022 | CN¥1.5t | CN¥840.5b | CN¥32.5b | 45.7x | 45.1x | 1.7x |
| Thu, 22 Sep 2022 | CN¥1.6t | CN¥835.4b | CN¥30.8b | 49.4x | 50.7x | 1.9x |
| Sat, 20 Aug 2022 | CN¥1.7t | CN¥843.7b | CN¥32.8b | 54.4x | 53.2x | 2.1x |
| Mon, 18 Jul 2022 | CN¥1.7t | CN¥869.4b | CN¥33.2b | 47.5x | 51.1x | 1.9x |
| Wed, 15 Jun 2022 | CN¥1.6t | CN¥869.4b | CN¥33.2b | 43.9x | 48.2x | 1.8x |
| Fri, 13 May 2022 | CN¥1.3t | CN¥864.1b | CN¥33.5b | 35.9x | 39.5x | 1.5x |
| Sun, 10 Apr 2022 | CN¥1.3t | CN¥845.2b | CN¥39.0b | 35.4x | 34x | 1.6x |
| Tue, 08 Mar 2022 | CN¥1.5t | CN¥843.2b | CN¥39.6b | 37x | 37x | 1.7x |
| Thu, 03 Feb 2022 | CN¥1.6t | CN¥834.5b | CN¥40.0b | 38.4x | 40.4x | 1.9x |
| Sat, 01 Jan 2022 | CN¥1.8t | CN¥834.4b | CN¥40.6b | 43.2x | 43.8x | 2.1x |
| Mon, 29 Nov 2021 | CN¥1.8t | CN¥834.9b | CN¥40.8b | 44.4x | 44.8x | 2.2x |
| Wed, 27 Oct 2021 | CN¥1.6t | CN¥840.8b | CN¥44.2b | 34.1x | 36.5x | 1.9x |
| Fri, 24 Sep 2021 | CN¥1.5t | CN¥829.4b | CN¥44.5b | 32.7x | 32.9x | 1.8x |
| Sun, 22 Aug 2021 | CN¥1.5t | CN¥828.5b | CN¥44.4b | 32.5x | 33.4x | 1.8x |
| Fri, 09 Jul 2021 | CN¥1.5t | CN¥827.9b | CN¥44.3b | 31.4x | 32.9x | 1.8x |
| Thu, 01 Apr 2021 | CN¥1.3t | CN¥788.5b | CN¥41.8b | 31x | 31.3x | 1.7x |
| Sun, 03 Jan 2021 | CN¥1.3t | CN¥682.9b | CN¥30.6b | 40.8x | 41.9x | 1.9x |
| Wed, 07 Oct 2020 | CN¥1.2t | CN¥671.5b | CN¥21.2b | 34.8x | 55.6x | 1.8x |
| Tue, 30 Jun 2020 | CN¥947.7b | CN¥638.5b | CN¥15.7b | 35.8x | 60.4x | 1.5x |
| Fri, 03 Apr 2020 | CN¥827.1b | CN¥645.9b | CN¥15.8b | 33.3x | 52.2x | 1.3x |
| Mon, 06 Jan 2020 | CN¥890.2b | CN¥680.6b | CN¥20.7b | 31.2x | 43.1x | 1.3x |
Price to Earnings Ratio
35.3x
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 40.5x which is lower than its 3-year average PE of 45.4x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 9.8% 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 | -1.52% | |
| Consumer Discretionary | -2.22% | |
| Auto Components | -2.55% | |
| Tires and Rubber | -2.12% | |
| Auto Parts and Equipment | -2.59% | |
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 52.4x.
- Analysts are expecting annual earnings growth of 36.1%, which is higher than its past year's earnings decline of 7.9% per year.
- Investors are most pessimistic about the Tires and Rubber industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 24.4x.
Forecasted Growth
- Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 32% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 36% 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 | |
|---|---|---|---|---|---|
| 603701 Zhejiang Dehong Automotive Electronic & Electrical | CN¥21.71 | 14.3% +CN¥708.3m | 129.7% | PE268.7x | |
| 2265 Yunnan Xiyi Industry | CN¥15.43 | 8.4% +CN¥379.1m | 85.5% | PE813x | |
| 603179 Jiangsu Xinquan Automotive TrimLtd | CN¥41.71 | 1.8% +CN¥365.5m | 40.4% | PE53.8x | |
| 600081 Dongfeng Electronic TechnologyLtd | CN¥11.13 | 6.4% +CN¥315.2m | -15.6% | PE26.9x | |
| 678 Xiangyang Automobile Bearing | CN¥6.36 | 7.4% +CN¥202.2m | 41.0% | PS2.6x |