Capital Allocation Trends At Easyhome New Retail Group (SZSE:000785) Aren't Ideal
Nov 24
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Chinese (SSE) General Merchandise and Department Stores Industry Analysis
UpdatedNov 23, 2024
DataAggregated Company Financials
Companies38
- 7D4.6%
- 3M45.5%
- 1Y9.7%
- YTD16.1%
The General Merchandise and Department Stores industry is up 4.6% in the last week, with Zhejiang China Commodities City Group up 8.8%. Meanwhile, SFC Holdings actually underperformed within the industry, shrinking 9.5% in the last week. This means that the industry has gained 9.7% over the past year. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Chinese General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | CN¥301.4b | CN¥163.0b | CN¥5.7b | 39.5x | 52.5x | 1.8x |
| Tue, 22 Oct 2024 | CN¥262.8b | CN¥164.6b | CN¥6.0b | 33.5x | 43.9x | 1.6x |
| Thu, 19 Sep 2024 | CN¥211.9b | CN¥162.9b | CN¥5.4b | 27.3x | 39.4x | 1.3x |
| Sat, 17 Aug 2024 | CN¥212.0b | CN¥164.1b | CN¥5.8b | 25.9x | 36.6x | 1.3x |
| Mon, 15 Jul 2024 | CN¥216.7b | CN¥163.2b | CN¥5.8b | 25.8x | 37.1x | 1.3x |
| Wed, 12 Jun 2024 | CN¥238.2b | CN¥164.2b | CN¥5.7b | 27.6x | 42.1x | 1.5x |
| Fri, 10 May 2024 | CN¥251.6b | CN¥164.2b | CN¥5.6b | 30.2x | 45.2x | 1.5x |
| Sun, 07 Apr 2024 | CN¥258.2b | CN¥160.3b | CN¥5.5b | 29.9x | 46.9x | 1.6x |
| Tue, 05 Mar 2024 | CN¥249.2b | CN¥160.0b | CN¥5.4b | 25x | 45.8x | 1.6x |
| Thu, 01 Feb 2024 | CN¥251.0b | CN¥165.9b | CN¥5.3b | 25x | 47.1x | 1.5x |
| Sat, 30 Dec 2023 | CN¥271.7b | CN¥165.9b | CN¥5.3b | 28.9x | 51.1x | 1.6x |
| Mon, 27 Nov 2023 | CN¥287.6b | CN¥165.9b | CN¥5.3b | 29.4x | 54.1x | 1.7x |
| Wed, 25 Oct 2023 | CN¥246.1b | CN¥156.7b | CN¥5.4b | 24x | 45.7x | 1.6x |
| Fri, 22 Sep 2023 | CN¥216.9b | CN¥147.5b | CN¥3.6b | 28.5x | 60.3x | 1.5x |
| Sun, 20 Aug 2023 | CN¥228.2b | CN¥141.2b | CN¥2.7b | 34.1x | 84.8x | 1.6x |
| Tue, 18 Jul 2023 | CN¥220.1b | CN¥141.0b | CN¥2.8b | 27.5x | 78.1x | 1.6x |
| Thu, 15 Jun 2023 | CN¥223.6b | CN¥141.1b | CN¥2.9b | 30x | 77.4x | 1.6x |
| Sat, 13 May 2023 | CN¥232.1b | CN¥141.8b | CN¥3.6b | 31.5x | 63.6x | 1.6x |
| Mon, 10 Apr 2023 | CN¥233.0b | CN¥143.1b | CN¥6.5b | 34.5x | 35.8x | 1.6x |
| Wed, 08 Mar 2023 | CN¥226.1b | CN¥136.7b | CN¥6.5b | 29.4x | 34.6x | 1.7x |
| Fri, 03 Feb 2023 | CN¥223.2b | CN¥136.7b | CN¥6.5b | 34.3x | 34.3x | 1.6x |
| Sun, 01 Jan 2023 | CN¥252.9b | CN¥142.0b | CN¥7.3b | 34.6x | 34.8x | 1.8x |
| Tue, 29 Nov 2022 | CN¥235.3b | CN¥142.0b | CN¥7.3b | 30.6x | 32.4x | 1.7x |
| Thu, 27 Oct 2022 | CN¥198.1b | CN¥143.7b | CN¥7.8b | 24.7x | 25.5x | 1.4x |
| Sat, 24 Sep 2022 | CN¥212.3b | CN¥143.5b | CN¥7.7b | 28x | 27.5x | 1.5x |
| Mon, 22 Aug 2022 | CN¥211.1b | CN¥147.3b | CN¥8.6b | 28.8x | 24.7x | 1.4x |
| Wed, 20 Jul 2022 | CN¥219.5b | CN¥150.9b | CN¥8.7b | 30x | 25.2x | 1.5x |
| Fri, 17 Jun 2022 | CN¥230.5b | CN¥150.9b | CN¥8.7b | 34.4x | 26.5x | 1.5x |
| Sun, 15 May 2022 | CN¥233.6b | CN¥151.1b | CN¥4.6b | 35.7x | 51.3x | 1.5x |
| Tue, 12 Apr 2022 | CN¥236.3b | CN¥152.7b | CN¥4.8b | 26x | 49x | 1.5x |
| Thu, 10 Mar 2022 | CN¥245.7b | CN¥159.8b | CN¥6.1b | 23.1x | 40.2x | 1.5x |
| Sat, 05 Feb 2022 | CN¥261.0b | CN¥159.9b | CN¥5.9b | 24.8x | 44.4x | 1.6x |
| Mon, 03 Jan 2022 | CN¥263.8b | CN¥159.9b | CN¥5.9b | 26.1x | 44.8x | 1.6x |
| Wed, 01 Dec 2021 | CN¥252.8b | CN¥160.1b | CN¥5.9b | 23.9x | 42.7x | 1.6x |
Price to Earnings Ratio
42.7x
Current Industry PE
- Investors are optimistic on the Chinese Multiline Retail industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 52.5x which is higher than its 3-year average PE of 44.4x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Both revenue and earnings for companies in the Multiline Retail industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Discretionary industry?
| CN Market | -2.14% | |
| Consumer Discretionary | -1.03% | |
| General Merchandise and Department Stores | 4.60% | |
| Broadline Retail | 4.60% | |
| Department Stores | 0% | |
| General Merchandise Stores | 0% | |
Industry PE
- Investors are most optimistic about the Broadline Retail industry, which is trading close to its 3-year average PE ratio of 51.5x.
- Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 6.7% per year.
- Investors are most pessimistic about the Broadline Retail industry, which is trading close to its 3-year average of 51.5x.
Forecasted Growth
- Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 6.7% per year.
- In contrast, the Broadline Retail 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 | |
|---|---|---|---|---|---|
| 600415 Zhejiang China Commodities City Group | CN¥12.52 | 8.8% +CN¥5.5b | 60.5% | PE25.5x | |
| 000564 Ccoop Group | CN¥2.96 | 9.2% +CN¥4.5b | 98.7% | PS35.9x | |
| 002640 Global Top E-Commerce | CN¥3.48 | 15.6% +CN¥732.3m | -13.0% | PS0.9x | |
| 301001 Shanghai Kaytune IndustrialLtd | CN¥34.50 | 35.7% +CN¥726.4m | 29.1% | PE143.1x | |
| 000785 Easyhome New Retail Group | CN¥2.84 | 2.9% +CN¥501.5m | -20.2% | PE20.2x |
