Estimating The Fair Value Of Emei Shan Tourism Co.,Ltd (SZSE:000888)
Aug 07
Chinese (SSE) Hospitality Industry Analysis
UpdatedAug 08, 2024
DataAggregated Company Financials
Companies32
- 7D1.3%
- 3M-11.6%
- 1Y-31.0%
- YTD-13.6%
In the last week, the Hospitality industry is up 1.3%, with Emei Shan TourismLtd leading the way with a 6.4% gain. In contrast, the industry has lost 31% in the last 12 months. As for the next few years, earnings are expected to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Thu, 08 Aug 2024 | CN¥175.8b | CN¥68.7b | CN¥4.3b | 40x | 41x | 2.6x |
| Sat, 06 Jul 2024 | CN¥170.8b | CN¥68.7b | CN¥4.3b | 40.9x | 39.9x | 2.5x |
| Mon, 03 Jun 2024 | CN¥194.7b | CN¥68.7b | CN¥4.3b | 44.2x | 45.5x | 2.8x |
| Wed, 01 May 2024 | CN¥201.3b | CN¥68.2b | CN¥4.5b | 39.9x | 45.1x | 3x |
| Fri, 29 Mar 2024 | CN¥193.7b | CN¥57.7b | CN¥3.1b | 38.6x | 63.4x | 3.4x |
| Sun, 25 Feb 2024 | CN¥188.5b | CN¥56.5b | CN¥2.9b | 36.5x | 64.9x | 3.3x |
| Tue, 23 Jan 2024 | CN¥194.7b | CN¥57.7b | CN¥3.2b | 37.2x | 61x | 3.4x |
| Thu, 21 Dec 2023 | CN¥170.5b | CN¥45.8b | CN¥2.3b | 34.1x | 74.3x | 3.7x |
| Sat, 18 Nov 2023 | CN¥174.2b | CN¥45.8b | CN¥2.3b | 34.5x | 75.9x | 3.8x |
| Mon, 16 Oct 2023 | CN¥175.2b | CN¥39.7b | CN¥525.8m | 85.2x | 333.3x | 4.4x |
| Wed, 13 Sep 2023 | CN¥203.4b | CN¥39.6b | CN¥507.9m | 97.8x | 400.5x | 5.1x |
| Fri, 11 Aug 2023 | CN¥209.3b | CN¥33.7b | -CN¥1,614,696,226.00 | 63.9x | -129.6x | 6.2x |
| Sun, 09 Jul 2023 | CN¥245.5b | CN¥109.4b | -CN¥13,130,565,211.00 | 71.3x | -18.7x | 2.2x |
| Tue, 06 Jun 2023 | CN¥249.2b | CN¥109.4b | -CN¥13,129,955,328.00 | 70.5x | -19x | 2.3x |
| Thu, 04 May 2023 | CN¥266.7b | CN¥109.5b | -CN¥13,729,837,135.00 | 87.9x | -19.4x | 2.4x |
| Sat, 01 Apr 2023 | CN¥270.1b | CN¥115.3b | -CN¥2,219,386,696.00 | 110.7x | -121.7x | 2.3x |
| Mon, 27 Feb 2023 | CN¥264.8b | CN¥115.4b | -CN¥2,178,656,552.00 | 88x | -121.5x | 2.3x |
| Wed, 25 Jan 2023 | CN¥266.8b | CN¥115.4b | -CN¥2,178,807,870.00 | 87.5x | -122.4x | 2.3x |
| Fri, 23 Dec 2022 | CN¥268.2b | CN¥115.3b | -CN¥2,178,923,301.00 | 87.4x | -123.1x | 2.3x |
| Sun, 20 Nov 2022 | CN¥239.9b | CN¥115.4b | -CN¥2,175,049,284.00 | 124.4x | -110.3x | 2.1x |
| Tue, 18 Oct 2022 | CN¥217.0b | CN¥129.9b | -CN¥1,247,588,471.00 | 79.9x | -173.9x | 1.7x |
| Thu, 15 Sep 2022 | CN¥238.5b | CN¥130.0b | -CN¥1,247,745,976.00 | 80.4x | -191.1x | 1.8x |
| Sat, 13 Aug 2022 | CN¥226.0b | CN¥139.1b | CN¥1.7b | 97.8x | 132.2x | 1.6x |
| Mon, 11 Jul 2022 | CN¥245.7b | CN¥140.0b | CN¥1.4b | 99.6x | 179.2x | 1.8x |
| Wed, 08 Jun 2022 | CN¥229.6b | CN¥139.9b | CN¥1.4b | 97.8x | 167.2x | 1.6x |
| Fri, 06 May 2022 | CN¥225.7b | CN¥140.0b | CN¥1.4b | 96.3x | 164.1x | 1.6x |
| Sun, 03 Apr 2022 | CN¥265.6b | CN¥137.8b | CN¥7.0b | 74.3x | 38.1x | 1.9x |
| Tue, 01 Mar 2022 | CN¥249.4b | CN¥139.0b | CN¥7.4b | 61.1x | 33.5x | 1.8x |
| Thu, 27 Jan 2022 | CN¥256.4b | CN¥139.0b | CN¥7.4b | 64.7x | 34.4x | 1.8x |
| Sat, 25 Dec 2021 | CN¥228.2b | CN¥138.9b | CN¥7.4b | 51.2x | 30.7x | 1.6x |
| Mon, 22 Nov 2021 | CN¥226.9b | CN¥138.9b | CN¥7.4b | 50.9x | 30.5x | 1.6x |
| Wed, 20 Oct 2021 | CN¥226.8b | CN¥128.0b | CN¥9.1b | 30.1x | 24.9x | 1.8x |
| Fri, 17 Sep 2021 | CN¥222.3b | CN¥127.7b | CN¥9.1b | 31.6x | 24.5x | 1.7x |
| Sun, 15 Aug 2021 | CN¥209.9b | CN¥127.6b | CN¥9.0b | 29.5x | 23.4x | 1.6x |
Price to Earnings Ratio
23.4x
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 41.0x which is higher than its 3-year average PE of 6.2x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
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 | -2.57% | |
| Consumer Discretionary | -2.81% | |
| Hospitality | 1.28% | |
| Leisure Facilities | 1.61% | |
| Restaurants | 1.54% | |
| Hotels, Resorts and Cruise Lines | 1.17% | |
| Casinos and Gaming | 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 44.6%, which is lower than the prior year's growth of 59.3% per year.
- Investors are most pessimistic about the Restaurants industry, which is trading below its 3-year average of 80.9x.
Forecasted Growth
- Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 45% over the next 5 years.
- However this is lower than its past earnings growth rate of 59% per year.
- In contrast, the Restaurants 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 | |
|---|---|---|---|---|---|
| 300144 Songcheng Performance DevelopmentLtd | CN¥8.25 | 3.9% +CN¥812.3m | -37.0% | PE265.4x | |
| 600754 Shanghai Jin Jiang International Hotels | CN¥24.19 | 3.2% +CN¥802.5m | -49.7% | PE24.6x | |
| 002059 Yunnan Tourism | CN¥5.80 | 10.5% +CN¥556.8m | -9.8% | PS7.9x | |
| 000888 Emei Shan TourismLtd | CN¥12.28 | 6.3% +CN¥384.6m | 13.1% | PE27.9x | |
| 603099 Changbai Mountain Tourism | CN¥23.34 | 6.6% +CN¥384.0m | 76.7% | PE42.4x |
