Zhejiang Prulde Electric Appliance (SZSE:301353) Is Reinvesting At Lower Rates Of Return
Jul 25
Chinese (SSE) Consumer Durables Industry Analysis
UpdatedJul 25, 2024
DataAggregated Company Financials
Companies112
- 7D-4.7%
- 3M-14.0%
- 1Y-11.3%
- YTD-2.7%
Over the last 7 days, the Consumer Durables industry has dropped 4.7%, driven by Midea Group declining 7.0%. Meanwhile, Zhejiang Zhongjian TechnologyLtd actually outperformed within the industry, gaining 13% in the last week. Overall the industry is down 11% in 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Chinese Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥1.5t | CN¥1.5t | CN¥116.1b | 17.6x | 13x | 1x |
| Sun, 23 Jun 2024 | CN¥1.7t | CN¥1.5t | CN¥116.2b | 20.5x | 14.6x | 1.1x |
| Tue, 21 May 2024 | CN¥1.8t | CN¥1.5t | CN¥116.2b | 23x | 15.9x | 1.2x |
| Thu, 18 Apr 2024 | CN¥1.7t | CN¥1.5t | CN¥111.6b | 23.5x | 15.6x | 1.2x |
| Sat, 16 Mar 2024 | CN¥1.7t | CN¥1.5t | CN¥108.7b | 22.4x | 15.5x | 1.1x |
| Mon, 12 Feb 2024 | CN¥1.5t | CN¥1.5t | CN¥109.3b | 20.1x | 14.1x | 1.1x |
| Wed, 10 Jan 2024 | CN¥1.5t | CN¥1.5t | CN¥108.4b | 23.6x | 14.2x | 1.1x |
| Fri, 08 Dec 2023 | CN¥1.5t | CN¥1.5t | CN¥108.4b | 24.4x | 14.1x | 1x |
| Sun, 05 Nov 2023 | CN¥1.6t | CN¥1.5t | CN¥108.4b | 23.6x | 14.7x | 1.1x |
| Tue, 03 Oct 2023 | CN¥1.6t | CN¥1.4t | CN¥104.9b | 25.7x | 15.6x | 1.1x |
| Thu, 31 Aug 2023 | CN¥1.7t | CN¥1.6t | CN¥99.4b | 25.3x | 17.1x | 1.1x |
| Sat, 29 Jul 2023 | CN¥1.8t | CN¥1.6t | CN¥98.8b | 25x | 18.2x | 1.1x |
| Mon, 26 Jun 2023 | CN¥1.7t | CN¥1.6t | CN¥98.9b | 23.9x | 17.4x | 1.1x |
| Wed, 24 May 2023 | CN¥1.7t | CN¥1.6t | CN¥97.7b | 25x | 17.2x | 1.1x |
| Fri, 21 Apr 2023 | CN¥1.8t | CN¥1.6t | CN¥98.1b | 24x | 18.1x | 1.1x |
| Sun, 19 Mar 2023 | CN¥1.7t | CN¥1.6t | CN¥99.3b | 24.8x | 16.8x | 1x |
| Tue, 14 Feb 2023 | CN¥1.7t | CN¥1.6t | CN¥99.2b | 25.4x | 17.6x | 1.1x |
| Thu, 12 Jan 2023 | CN¥1.7t | CN¥1.6t | CN¥99.0b | 23.9x | 16.8x | 1x |
| Sat, 10 Dec 2022 | CN¥1.6t | CN¥1.6t | CN¥98.9b | 23.1x | 16.7x | 1x |
| Mon, 07 Nov 2022 | CN¥1.5t | CN¥1.6t | CN¥98.4b | 22x | 14.8x | 0.9x |
| Wed, 05 Oct 2022 | CN¥1.5t | CN¥1.6t | CN¥98.8b | 24.5x | 15.4x | 0.9x |
| Fri, 02 Sep 2022 | CN¥1.7t | CN¥1.6t | CN¥102.0b | 26.6x | 16.3x | 1x |
| Sun, 31 Jul 2022 | CN¥1.7t | CN¥1.6t | CN¥101.1b | 28.6x | 16.6x | 1x |
| Tue, 28 Jun 2022 | CN¥1.8t | CN¥1.6t | CN¥101.6b | 29.9x | 17.8x | 1.1x |
| Thu, 26 May 2022 | CN¥1.6t | CN¥1.6t | CN¥101.9b | 26.5x | 15.8x | 1x |
| Sat, 23 Apr 2022 | CN¥1.6t | CN¥1.6t | CN¥106.5b | 27.2x | 15.3x | 1x |
| Mon, 21 Mar 2022 | CN¥1.7t | CN¥1.5t | CN¥107.5b | 24.8x | 15.4x | 1.1x |
| Wed, 16 Feb 2022 | CN¥1.9t | CN¥1.5t | CN¥108.3b | 27x | 17.9x | 1.3x |
| Fri, 14 Jan 2022 | CN¥2.1t | CN¥1.5t | CN¥108.1b | 30.2x | 19.3x | 1.4x |
| Sun, 12 Dec 2021 | CN¥2.1t | CN¥1.5t | CN¥107.4b | 28.2x | 19.6x | 1.4x |
| Tue, 09 Nov 2021 | CN¥2.0t | CN¥1.5t | CN¥107.3b | 26.4x | 18.4x | 1.3x |
| Thu, 07 Oct 2021 | CN¥1.9t | CN¥1.5t | CN¥108.2b | 27x | 17.8x | 1.3x |
| Sat, 04 Sep 2021 | CN¥2.1t | CN¥1.5t | CN¥105.7b | 29.4x | 19.6x | 1.4x |
| Mon, 02 Aug 2021 | CN¥2.1t | CN¥1.5t | CN¥105.6b | 25.7x | 20.1x | 1.4x |
Price to Earnings Ratio
20.1x
Current Industry PE
- Investors are pessimistic on the Chinese Consumer Durables 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 13.0x which is lower than its 3-year average PE of 16.5x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have grown 3.2% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Discretionary industry?
| CN Market | -2.89% | |
| Consumer Discretionary | -5.11% | |
| Consumer Durables | -4.73% | |
| Homebuilding | -0.95% | |
| Household Appliances | -4.44% | |
| Housewares and Specialties | -5.02% | |
| Home Furnishings | -5.65% | |
| Consumer Electronics | -6.29% | |
Industry PE
- Investors are most optimistic about the Housewares and Specialties industry even though it's trading below its 3-year average PE ratio of 64.8x.
- Analysts expect its future annual earnings growth (31.7%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Homebuilding industry, expecting annual earnings growth of 150% over the next 5 years.
- In contrast, the Household Appliances industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| 002779 Zhejiang Zhongjian TechnologyLtd | CN¥29.71 | 13.3% +CN¥460.7m | 22.8% | PE69.8x | |
| 002420 Guangzhou Echom Sci.&Tech.Co.Ltd | CN¥5.68 | 12.0% +CN¥252.4m | -8.7% | PS1x | |
| 301353 Zhejiang Prulde Electric Appliance | CN¥28.10 | 12.4% +CN¥233.4m | -20.8% | PE26.4x | |
| 001323 De Rucci Healthy Sleep | CN¥28.93 | 1.5% +CN¥176.0m | -20.7% | PE14.4x | |
| 301061 MotoMotion China | CN¥40.98 | 1.9% +CN¥129.8m | 34.8% | PE15.1x |
