Ningbo KBE Electrical TechnologyLtd (SZSE:300863) Has A Somewhat Strained Balance Sheet
Jul 26
Chinese (SSE) Auto Components Industry Analysis
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies198
- 7D-3.1%
- 3M-14.1%
- 1Y-21.7%
- YTD-17.0%
Over the last 7 days, the Auto Components industry has dropped 5.4%, driven by a pullback from Ningbo Tuopu GroupLtd of 12%. Meanwhile, Chongqing Zongshen Power MachineryLtd actually outperformed within the industry, gaining 17% in the last week. The industry has fallen 23% in the last year. Looking forward, earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Sat, 27 Jul 2024 | CN¥1.4t | CN¥1.1t | CN¥62.2b | 24.5x | 21.9x | 1.3x |
| Mon, 24 Jun 2024 | CN¥1.5t | CN¥1.1t | CN¥61.6b | 27.4x | 23.6x | 1.4x |
| Wed, 22 May 2024 | CN¥1.6t | CN¥1.1t | CN¥60.7b | 27.8x | 25.7x | 1.5x |
| Fri, 19 Apr 2024 | CN¥1.5t | CN¥1.0t | CN¥53.6b | 28.8x | 28.4x | 1.5x |
| Sun, 17 Mar 2024 | CN¥1.6t | CN¥1.2t | CN¥62.5b | 32.2x | 25x | 1.3x |
| Tue, 13 Feb 2024 | CN¥1.3t | CN¥1.0t | CN¥48.7b | 25.2x | 27.5x | 1.3x |
| Thu, 11 Jan 2024 | CN¥1.5t | CN¥1.0t | CN¥48.8b | 33.4x | 31.4x | 1.5x |
| Sat, 09 Dec 2023 | CN¥1.6t | CN¥1.0t | CN¥48.9b | 35.5x | 33.2x | 1.6x |
| Mon, 06 Nov 2023 | CN¥1.6t | CN¥1.0t | CN¥48.8b | 36.3x | 33.6x | 1.6x |
| Wed, 04 Oct 2023 | CN¥1.6t | CN¥994.1b | CN¥47.2b | 37.2x | 34.6x | 1.6x |
| Fri, 01 Sep 2023 | CN¥1.6t | CN¥990.8b | CN¥46.7b | 36.6x | 35.1x | 1.7x |
| Sun, 30 Jul 2023 | CN¥1.7t | CN¥943.3b | CN¥42.4b | 42.4x | 39.7x | 1.8x |
| Tue, 27 Jun 2023 | CN¥1.6t | CN¥934.8b | CN¥41.4b | 41x | 37.5x | 1.7x |
| Thu, 25 May 2023 | CN¥1.4t | CN¥933.2b | CN¥42.0b | 35.7x | 33.8x | 1.5x |
| Sat, 22 Apr 2023 | CN¥1.4t | CN¥900.4b | CN¥41.4b | 36.2x | 33x | 1.5x |
| Mon, 20 Mar 2023 | CN¥1.4t | CN¥898.8b | CN¥37.0b | 40.9x | 38.9x | 1.6x |
| Wed, 15 Feb 2023 | CN¥1.6t | CN¥893.0b | CN¥36.3b | 47.7x | 44.6x | 1.8x |
| Fri, 13 Jan 2023 | CN¥1.5t | CN¥893.1b | CN¥36.3b | 43x | 42.3x | 1.7x |
| Sun, 11 Dec 2022 | CN¥1.5t | CN¥891.9b | CN¥36.2b | 42.5x | 41.7x | 1.7x |
| Tue, 08 Nov 2022 | CN¥1.6t | CN¥887.8b | CN¥36.2b | 44.3x | 44.4x | 1.8x |
| Thu, 06 Oct 2022 | CN¥1.4t | CN¥836.8b | CN¥31.4b | 44.7x | 46x | 1.7x |
| Sat, 03 Sep 2022 | CN¥1.6t | CN¥836.0b | CN¥30.9b | 50.7x | 52x | 1.9x |
| Mon, 01 Aug 2022 | CN¥1.9t | CN¥870.0b | CN¥33.3b | 53.9x | 56.4x | 2.2x |
| Wed, 29 Jun 2022 | CN¥1.7t | CN¥869.7b | CN¥33.2b | 48.3x | 52x | 2x |
| Fri, 27 May 2022 | CN¥1.4t | CN¥865.8b | CN¥33.6b | 38x | 42x | 1.6x |
| Sun, 24 Apr 2022 | CN¥1.3t | CN¥850.8b | CN¥39.4b | 34.2x | 32.2x | 1.5x |
| Tue, 22 Mar 2022 | CN¥1.5t | CN¥844.1b | CN¥38.9b | 36x | 37.6x | 1.7x |
| Thu, 17 Feb 2022 | CN¥1.6t | CN¥834.7b | CN¥40.1b | 38.6x | 40x | 1.9x |
| Sat, 15 Jan 2022 | CN¥1.8t | CN¥835.5b | CN¥40.8b | 42.7x | 43.8x | 2.1x |
| Mon, 13 Dec 2021 | CN¥1.8t | CN¥834.3b | CN¥40.6b | 44.1x | 43.9x | 2.1x |
| Wed, 10 Nov 2021 | CN¥1.7t | CN¥833.8b | CN¥40.1b | 38.3x | 42.1x | 2x |
| Fri, 08 Oct 2021 | CN¥1.5t | CN¥838.4b | CN¥45.2b | 31.1x | 32.3x | 1.7x |
| Sun, 05 Sep 2021 | CN¥1.5t | CN¥828.5b | CN¥44.4b | 34x | 33.4x | 1.8x |
| Tue, 03 Aug 2021 | CN¥1.5t | CN¥828.5b | CN¥44.4b | 32.5x | 33.3x | 1.8x |
Price to Earnings Ratio
33.3x
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 21.5x which is lower than its 3-year average PE of 37.4x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 9.3% 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 | -2.85% | |
| Consumer Discretionary | -1.72% | |
| Auto Components | -3.09% | |
| Auto Parts and Equipment | -2.98% | |
| Tires and Rubber | -4.03% | |
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 39.3x.
- Analysts are expecting annual earnings growth of 23.4%, which is lower than the prior year's growth of 26.3% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 28.1x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Tires and Rubber industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 001696 Chongqing Zongshen Power MachineryLtd | CN¥11.15 | 16.8% +CN¥1.8b | 57.3% | PE34.4x | |
| 002611 Guangdong Dongfang Precision Science & Technology | CN¥6.05 | 21.0% +CN¥1.3b | 12.0% | PE18.5x | |
| 600151 Shanghai Aerospace Automobile Electromechanical | CN¥4.60 | 9.8% +CN¥588.0m | -47.5% | PS0.8x | |
| 300680 Wuxi Longsheng TechnologyLtd | CN¥19.54 | 13.0% +CN¥513.6m | -1.4% | PE28x | |
| 301005 Essence Fastening Systems (Shanghai) | CN¥29.08 | 14.1% +CN¥481.8m | 36.8% | PE134.9x |
