Should You Think About Buying Songcheng Performance Development Co.,Ltd (SZSE:300144) Now?
Apr 15
Chinese (SSE) Hospitality Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies31
- 7D-6.9%
- 3M-4.7%
- 1Y-30.3%
- YTD0.2%
Over the last 7 days, the Hospitality industry has dropped 5.9%, driven by Songcheng Performance DevelopmentLtd declining 4.5%. In contrast, Emei Shan TourismLtd has gained 14%. However, the industry is down 33% over the past year. As for the next few years, earnings are expected to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | CN¥197.2b | CN¥62.8b | CN¥4.0b | 38.9x | 49.4x | 3.1x |
| Sun, 17 Mar 2024 | CN¥197.8b | CN¥57.6b | CN¥3.0b | 39x | 65.1x | 3.4x |
| Tue, 13 Feb 2024 | CN¥179.2b | CN¥57.6b | CN¥3.2b | 33.1x | 56x | 3.1x |
| Thu, 11 Jan 2024 | CN¥204.8b | CN¥57.7b | CN¥3.2b | 39.2x | 64.1x | 3.6x |
| Sat, 09 Dec 2023 | CN¥174.4b | CN¥45.8b | CN¥2.3b | 35.7x | 76x | 3.8x |
| Mon, 06 Nov 2023 | CN¥173.4b | CN¥45.8b | CN¥2.3b | 33.6x | 75.7x | 3.8x |
| Wed, 04 Oct 2023 | CN¥190.8b | CN¥39.6b | CN¥507.8m | 93.1x | 375.8x | 4.8x |
| Fri, 01 Sep 2023 | CN¥195.5b | CN¥38.5b | CN¥304.9m | 94.1x | 641.3x | 5.1x |
| Sun, 30 Jul 2023 | CN¥250.5b | CN¥109.8b | -CN¥13,007,640,487.00 | 65.6x | -19.3x | 2.3x |
| Tue, 27 Jun 2023 | CN¥236.2b | CN¥109.4b | -CN¥13,130,578,826.00 | 67.8x | -18x | 2.2x |
| Thu, 25 May 2023 | CN¥236.9b | CN¥109.5b | -CN¥13,088,916,958.00 | 61.2x | -18.1x | 2.2x |
| Sat, 22 Apr 2023 | CN¥263.5b | CN¥108.2b | -CN¥14,008,585,629.00 | 132x | -18.8x | 2.4x |
| Mon, 20 Mar 2023 | CN¥256.0b | CN¥115.3b | -CN¥2,229,245,761.00 | 120.3x | -114.8x | 2.2x |
| Wed, 15 Feb 2023 | CN¥272.2b | CN¥115.5b | -CN¥2,178,573,324.00 | 92.9x | -125x | 2.4x |
| Fri, 13 Jan 2023 | CN¥261.4b | CN¥115.4b | -CN¥2,178,786,246.00 | 85x | -120x | 2.3x |
| Sun, 11 Dec 2022 | CN¥262.3b | CN¥115.3b | -CN¥2,178,910,044.00 | 95x | -120.4x | 2.3x |
| Tue, 08 Nov 2022 | CN¥238.3b | CN¥115.4b | -CN¥2,175,083,851.00 | 124.7x | -109.6x | 2.1x |
| Thu, 06 Oct 2022 | CN¥224.3b | CN¥130.0b | -CN¥1,247,632,870.00 | 78.1x | -179.8x | 1.7x |
| Sat, 03 Sep 2022 | CN¥228.7b | CN¥130.0b | -CN¥1,247,757,143.00 | 79.9x | -183.3x | 1.8x |
| Mon, 01 Aug 2022 | CN¥234.8b | CN¥139.8b | CN¥1.3b | 99.6x | 179.5x | 1.7x |
| Wed, 29 Jun 2022 | CN¥263.5b | CN¥139.9b | CN¥1.4b | 105.7x | 191.9x | 1.9x |
| Fri, 27 May 2022 | CN¥223.7b | CN¥139.9b | CN¥1.4b | 98.6x | 162.9x | 1.6x |
| Sun, 24 Apr 2022 | CN¥244.4b | CN¥142.1b | CN¥1.1b | 86.4x | 231.5x | 1.7x |
| Tue, 22 Mar 2022 | CN¥253.0b | CN¥138.9b | CN¥7.3b | 57.5x | 34.4x | 1.8x |
| Thu, 17 Feb 2022 | CN¥269.5b | CN¥138.9b | CN¥7.4b | 65.5x | 36.2x | 1.9x |
| Sat, 15 Jan 2022 | CN¥255.2b | CN¥138.9b | CN¥7.4b | 67.5x | 34.3x | 1.8x |
| Mon, 13 Dec 2021 | CN¥223.6b | CN¥138.9b | CN¥7.4b | 54.1x | 30x | 1.6x |
| Wed, 10 Nov 2021 | CN¥217.5b | CN¥138.8b | CN¥7.4b | 43.5x | 29.5x | 1.6x |
| Fri, 08 Oct 2021 | CN¥225.2b | CN¥128.0b | CN¥9.1b | 30.7x | 24.8x | 1.8x |
| Sun, 05 Sep 2021 | CN¥239.2b | CN¥127.6b | CN¥9.0b | 34x | 26.7x | 1.9x |
| Tue, 03 Aug 2021 | CN¥203.6b | CN¥127.6b | CN¥9.0b | 29x | 22.7x | 1.6x |
| Fri, 07 May 2021 | CN¥280.7b | CN¥118.9b | CN¥8.3b | 43.2x | 33.8x | 2.4x |
Price to Earnings Ratio
33.8x
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 52.6x which is higher than its 3-year average PE of 4.5x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have declined 22% per year over the last three years,
- Revenues have also declined 19% 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 | -0.36% | |
| Consumer Discretionary | 0.19% | |
| Hospitality | -6.92% | |
| Casinos and Gaming | 0% | |
| Leisure Facilities | -6.10% | |
| Hotels, Resorts and Cruise Lines | -6.76% | |
| Restaurants | -8.74% | |
Industry PE
- Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 29.8%, which is lower than the prior year's growth of 691.1% per year.
- Investors are most pessimistic about the Leisure Facilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 40% over the next 5 years.
- In contrast, the Restaurants industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| 888 Emei Shan TourismLtd | CN¥13.95 | 4.3% +CN¥305.6m | 55.3% | PE32.3x | |
| 600138 China Cyts Tours Holding | CN¥11.78 | 2.0% +CN¥166.5m | -21.4% | PE44x | |
| 2033 LiJiang YuLong Tourism | CN¥11.11 | 2.7% +CN¥159.4m | -4.6% | PE26.8x |
