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Chinese (SSE) Auto Components Industry Analysis
UpdatedAug 30, 2024
DataAggregated Company Financials
Companies198
- 7D2.7%
- 3M-13.5%
- 1Y-21.7%
- YTD-19.4%
Over the last 7 days, the Auto Components industry has risen 2.7%, and Zhejiang Wanfeng Auto Wheel contributed the most with a gain of 17%. However, the industry is down 22% over the past year. As for the next few years, earnings are expected to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Sat, 31 Aug 2024 | CN¥1.3t | CN¥1.1t | CN¥63.4b | 23x | 20.9x | 1.2x |
| Mon, 29 Jul 2024 | CN¥1.4t | CN¥1.1t | CN¥62.2b | 24.5x | 21.9x | 1.3x |
| Wed, 26 Jun 2024 | CN¥1.4t | CN¥1.1t | CN¥61.6b | 26.5x | 23.1x | 1.3x |
| Fri, 24 May 2024 | CN¥1.5t | CN¥1.1t | CN¥61.5b | 28x | 24.9x | 1.4x |
| Sun, 21 Apr 2024 | CN¥1.5t | CN¥1.0t | CN¥53.9b | 28.4x | 27.9x | 1.4x |
| Tue, 19 Mar 2024 | CN¥1.6t | CN¥1.2t | CN¥62.5b | 32.8x | 25.3x | 1.3x |
| Thu, 15 Feb 2024 | CN¥1.3t | CN¥1.0t | CN¥48.7b | 25.2x | 27.5x | 1.3x |
| Sat, 13 Jan 2024 | CN¥1.6t | CN¥1.0t | CN¥48.8b | 33.6x | 31.9x | 1.5x |
| Mon, 11 Dec 2023 | CN¥1.6t | CN¥1.0t | CN¥48.9b | 35.5x | 33.2x | 1.6x |
| Wed, 08 Nov 2023 | CN¥1.7t | CN¥1.0t | CN¥48.8b | 37.3x | 34.3x | 1.6x |
| Fri, 06 Oct 2023 | CN¥1.6t | CN¥994.1b | CN¥47.2b | 37.2x | 34.6x | 1.6x |
| Sun, 03 Sep 2023 | CN¥1.6t | CN¥992.1b | CN¥46.8b | 36.9x | 35.2x | 1.7x |
| Tue, 01 Aug 2023 | CN¥1.7t | CN¥943.4b | CN¥42.4b | 42.2x | 40x | 1.8x |
| Thu, 29 Jun 2023 | CN¥1.6t | CN¥936.5b | CN¥41.7b | 40.2x | 37.7x | 1.7x |
| Sat, 27 May 2023 | CN¥1.4t | CN¥933.2b | CN¥42.0b | 36.6x | 34.5x | 1.6x |
| Mon, 24 Apr 2023 | CN¥1.4t | CN¥900.2b | CN¥41.7b | 35.8x | 32.8x | 1.5x |
| Wed, 22 Mar 2023 | CN¥1.5t | CN¥899.0b | CN¥36.9b | 43.1x | 40.3x | 1.7x |
| Fri, 17 Feb 2023 | CN¥1.6t | CN¥894.3b | CN¥36.4b | 45.6x | 43.7x | 1.8x |
| Sun, 15 Jan 2023 | CN¥1.5t | CN¥893.3b | CN¥36.3b | 43.4x | 42.1x | 1.7x |
| Tue, 13 Dec 2022 | CN¥1.5t | CN¥891.8b | CN¥36.1b | 41.7x | 41.5x | 1.7x |
| Thu, 10 Nov 2022 | CN¥1.6t | CN¥890.3b | CN¥36.4b | 44x | 42.9x | 1.8x |
| Sat, 08 Oct 2022 | CN¥1.4t | CN¥836.8b | CN¥31.4b | 44.7x | 46x | 1.7x |
| Mon, 05 Sep 2022 | CN¥1.6t | CN¥836.2b | CN¥30.5b | 50.9x | 52.7x | 1.9x |
| Wed, 03 Aug 2022 | CN¥1.8t | CN¥842.0b | CN¥32.8b | 51.8x | 55.5x | 2.2x |
| Fri, 01 Jul 2022 | CN¥1.6t | CN¥869.6b | CN¥33.2b | 46.4x | 49.1x | 1.9x |
| Sun, 29 May 2022 | CN¥1.4t | CN¥865.4b | CN¥33.4b | 37.3x | 41.9x | 1.6x |
| Tue, 26 Apr 2022 | CN¥1.2t | CN¥853.2b | CN¥39.7b | 30.8x | 29.5x | 1.4x |
| Thu, 24 Mar 2022 | CN¥1.5t | CN¥845.3b | CN¥38.6b | 36.2x | 37.9x | 1.7x |
| Sat, 19 Feb 2022 | CN¥1.6t | CN¥834.8b | CN¥40.0b | 38x | 39.9x | 1.9x |
| Mon, 17 Jan 2022 | CN¥1.8t | CN¥835.6b | CN¥40.8b | 42.7x | 43.8x | 2.1x |
| Wed, 15 Dec 2021 | CN¥1.8t | CN¥834.4b | CN¥40.6b | 43.8x | 43.7x | 2.1x |
| Fri, 12 Nov 2021 | CN¥1.7t | CN¥833.9b | CN¥40.1b | 39.7x | 42.8x | 2.1x |
| Sun, 10 Oct 2021 | CN¥1.5t | CN¥838.4b | CN¥45.2b | 31.6x | 32.8x | 1.8x |
| Tue, 07 Sep 2021 | CN¥1.5t | CN¥829.3b | CN¥44.5b | 33.8x | 34.2x | 1.8x |
Price to Earnings Ratio
34.2x
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 20.9x which is lower than its 3-year average PE of 37.0x.
- 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 13% 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 | -0.80% | |
| Consumer Discretionary | -1.57% | |
| Auto Components | 2.68% | |
| Tires and Rubber | 4.63% | |
| Auto Parts and Equipment | 2.45% | |
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 38.8x.
- Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings growth of 19.7% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 27.8x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 24% 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 18% 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 | |
|---|---|---|---|---|---|
| 002085 Zhejiang Wanfeng Auto Wheel | CN¥13.31 | 16.8% +CN¥4.1b | 135.6% | PE35x | |
| 600741 HUAYU Automotive Systems | CN¥14.75 | 8.5% +CN¥3.7b | -23.1% | PE6.4x | |
| 601689 Ningbo Tuopu GroupLtd | CN¥33.66 | 6.2% +CN¥3.3b | -36.8% | PE22.6x | |
| 688819 Tianneng Battery Group | CN¥24.66 | 14.3% +CN¥3.0b | -30.4% | PE10x | |
| 603596 Bethel Automotive Safety Systems | CN¥37.20 | 13.5% +CN¥2.7b | -31.3% | PE24.3x |
