Does This Valuation Of Huangshan Tourism Development Co.,Ltd. (SHSE:600054) Imply Investors Are Overpaying?
Jan 20
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Chinese (SSE) Hospitality Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies32
- 7D6.8%
- 3M-2.0%
- 1Y-1.5%
- YTD-3.5%
The Hospitality industry is up 6.8% in the last week, with Shanghai Jin Jiang International Hotels up 7.5%. In contrast, the industry has lost 8.1% in the last 12 months. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Chinese Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | CN¥197.1b | CN¥69.9b | CN¥4.2b | 48.7x | 46.9x | 2.8x |
| Thu, 19 Dec 2024 | CN¥219.0b | CN¥69.9b | CN¥4.2b | 51.4x | 52.1x | 3.1x |
| Sat, 16 Nov 2024 | CN¥202.4b | CN¥69.9b | CN¥4.2b | 47.9x | 48.1x | 2.9x |
| Mon, 14 Oct 2024 | CN¥186.4b | CN¥69.7b | CN¥4.4b | 43.5x | 42.7x | 2.7x |
| Wed, 11 Sep 2024 | CN¥164.5b | CN¥69.8b | CN¥4.4b | 40.9x | 37.7x | 2.4x |
| Fri, 09 Aug 2024 | CN¥176.8b | CN¥68.8b | CN¥4.3b | 42.4x | 41.3x | 2.6x |
| Sun, 07 Jul 2024 | CN¥170.8b | CN¥68.7b | CN¥4.3b | 40.9x | 39.9x | 2.5x |
| Tue, 04 Jun 2024 | CN¥191.0b | CN¥68.7b | CN¥4.3b | 42.4x | 44.6x | 2.8x |
| Thu, 02 May 2024 | CN¥201.3b | CN¥68.2b | CN¥4.5b | 39.9x | 45.1x | 3x |
| Sat, 30 Mar 2024 | CN¥194.6b | CN¥57.7b | CN¥3.1b | 38.8x | 63.5x | 3.4x |
| Mon, 26 Feb 2024 | CN¥188.5b | CN¥56.5b | CN¥2.9b | 36.5x | 64.9x | 3.3x |
| Wed, 24 Jan 2024 | CN¥192.9b | CN¥57.7b | CN¥3.2b | 36.9x | 60.4x | 3.3x |
| Fri, 22 Dec 2023 | CN¥172.6b | CN¥45.8b | CN¥2.3b | 34.5x | 75.2x | 3.8x |
| Sun, 19 Nov 2023 | CN¥174.2b | CN¥45.8b | CN¥2.3b | 34.5x | 75.9x | 3.8x |
| Tue, 17 Oct 2023 | CN¥175.2b | CN¥39.7b | CN¥525.8m | 85.2x | 333.3x | 4.4x |
| Thu, 14 Sep 2023 | CN¥202.3b | CN¥39.6b | CN¥508.2m | 96.9x | 398x | 5.1x |
| Sat, 12 Aug 2023 | CN¥208.1b | CN¥33.8b | -CN¥1,523,837,495.00 | 55.7x | -136.6x | 6.2x |
| Mon, 10 Jul 2023 | CN¥245.5b | CN¥109.4b | -CN¥13,130,565,211.00 | 71.3x | -18.7x | 2.2x |
| Wed, 07 Jun 2023 | CN¥244.3b | CN¥109.4b | -CN¥13,129,956,496.00 | 68.3x | -18.6x | 2.2x |
| Fri, 05 May 2023 | CN¥255.0b | CN¥109.6b | -CN¥13,693,368,558.00 | 65.9x | -18.6x | 2.3x |
| Sun, 02 Apr 2023 | CN¥270.1b | CN¥109.7b | -CN¥13,630,643,619.00 | 136.6x | -19.8x | 2.5x |
| Tue, 28 Feb 2023 | CN¥267.5b | CN¥115.4b | -CN¥2,178,653,380.00 | 90.4x | -122.8x | 2.3x |
| Thu, 26 Jan 2023 | CN¥266.8b | CN¥115.4b | -CN¥2,178,807,870.00 | 87.5x | -122.4x | 2.3x |
| Sat, 24 Dec 2022 | CN¥268.6b | CN¥115.3b | -CN¥2,178,925,760.00 | 86.6x | -123.3x | 2.3x |
| Mon, 21 Nov 2022 | CN¥239.9b | CN¥115.4b | -CN¥2,175,049,284.00 | 124.4x | -110.3x | 2.1x |
| Wed, 19 Oct 2022 | CN¥220.7b | CN¥129.9b | -CN¥1,247,586,247.00 | 80x | -176.9x | 1.7x |
| Fri, 16 Sep 2022 | CN¥239.7b | CN¥130.0b | -CN¥1,247,723,582.00 | 80.3x | -192.1x | 1.8x |
| Sun, 14 Aug 2022 | CN¥226.0b | CN¥139.1b | CN¥1.7b | 97.8x | 132.2x | 1.6x |
| Tue, 12 Jul 2022 | CN¥242.0b | CN¥140.0b | CN¥1.4b | 98.7x | 176.5x | 1.7x |
| Thu, 09 Jun 2022 | CN¥229.6b | CN¥139.9b | CN¥1.4b | 97.8x | 167.2x | 1.6x |
| Sat, 07 May 2022 | CN¥213.4b | CN¥140.1b | CN¥1.3b | 92x | 158.7x | 1.5x |
| Mon, 04 Apr 2022 | CN¥265.6b | CN¥142.4b | -CN¥136,330,850.00 | 97.5x | -1947.9x | 1.9x |
| Wed, 02 Mar 2022 | CN¥254.8b | CN¥139.0b | CN¥7.4b | 62.3x | 34.2x | 1.8x |
| Fri, 28 Jan 2022 | CN¥246.2b | CN¥139.0b | CN¥7.4b | 58.9x | 33.1x | 1.8x |
Price to Earnings Ratio
33.1x
Current Industry PE
- Investors are optimistic on the Chinese Hospitality industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.5x which is higher than its 3-year average PE of 8.8x.
- The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have declined 17% per year over the last three years,
- Revenues have also declined 20% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Discretionary industry?
| CN Market | 4.24% | |
| Consumer Discretionary | 5.21% | |
| Hospitality | 6.79% | |
| Hotels, Resorts and Cruise Lines | 7.38% | |
| Restaurants | 6.03% | |
| Leisure Facilities | 4.76% | |
| Casinos and Gaming | 0% | 0 |
Industry PE
- Investors are most optimistic about the Leisure Facilities industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 42.9%, which is higher than its past year's earnings decline of 37.6% per year.
- Investors are most pessimistic about the Restaurants industry, which is trading below its 3-year average of 79.3x.
Forecasted Growth
- Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings decline of 38% per year.
- In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 300144 Songcheng Performance DevelopmentLtd | CN¥8.82 | 6.0% +CN¥1.3b | -8.2% | PE208.8x | |
| 600754 Shanghai Jin Jiang International Hotels | CN¥26.43 | 3.7% +CN¥1.0b | -1.8% | PE25.2x | |
| 002707 UTour Group | CN¥7.73 | 11.7% +CN¥796.0m | 18.0% | PE53.6x | |
| 600358 China Tourism And Culture Investment GroupLtd | CN¥4.38 | 34.8% +CN¥570.6m | -4.2% | PS5.3x | |
| 603043 Guangzhou Restaurant Group | CN¥15.69 | 5.5% +CN¥466.4m | -12.9% | PE17.6x |
