Chinese (SSE) Luxury Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies113
- 7D0.5%
- 3M-1.2%
- 1Y-1.8%
- YTD-2.7%
Over the last 7 days, the Luxury industry has dropped 1.2%, driven by Tayho Advanced Materials Group declining 5.0%. On the other hand Lao Feng Xiang is actually up 6.5%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 28% per annum.
Industry Valuation and Performance
Has the Chinese Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | CN¥603.3b | CN¥450.6b | CN¥16.0b | 28.5x | 37.8x | 1.3x |
| Mon, 30 Oct 2023 | CN¥602.6b | CN¥446.3b | CN¥15.2b | 28.7x | 39.6x | 1.4x |
| Wed, 27 Sep 2023 | CN¥596.0b | CN¥448.0b | CN¥15.0b | 29x | 39.8x | 1.3x |
| Fri, 25 Aug 2023 | CN¥595.3b | CN¥446.3b | CN¥14.6b | 27.3x | 40.7x | 1.3x |
| Sun, 23 Jul 2023 | CN¥620.3b | CN¥443.6b | CN¥14.5b | 29x | 42.8x | 1.4x |
| Tue, 20 Jun 2023 | CN¥609.8b | CN¥443.7b | CN¥14.5b | 29.1x | 42.1x | 1.4x |
| Thu, 18 May 2023 | CN¥611.9b | CN¥444.7b | CN¥14.5b | 28.7x | 42.2x | 1.4x |
| Sat, 15 Apr 2023 | CN¥617.7b | CN¥451.4b | CN¥17.9b | 28.9x | 34.6x | 1.4x |
| Mon, 13 Mar 2023 | CN¥622.8b | CN¥451.3b | CN¥18.2b | 29x | 34.2x | 1.4x |
| Wed, 08 Feb 2023 | CN¥640.8b | CN¥450.7b | CN¥18.3b | 29.9x | 35x | 1.4x |
| Fri, 06 Jan 2023 | CN¥610.0b | CN¥450.5b | CN¥18.3b | 27.6x | 33.3x | 1.4x |
| Sun, 04 Dec 2022 | CN¥601.3b | CN¥450.2b | CN¥18.3b | 27.6x | 32.9x | 1.3x |
| Tue, 01 Nov 2022 | CN¥525.7b | CN¥448.0b | CN¥17.1b | 24x | 30.7x | 1.2x |
| Thu, 29 Sep 2022 | CN¥553.6b | CN¥443.7b | CN¥19.2b | 20.7x | 28.8x | 1.2x |
| Sat, 27 Aug 2022 | CN¥600.8b | CN¥443.7b | CN¥20.7b | 21.2x | 29x | 1.4x |
| Mon, 25 Jul 2022 | CN¥613.2b | CN¥446.2b | CN¥21.5b | 21.2x | 28.6x | 1.4x |
| Wed, 22 Jun 2022 | CN¥624.6b | CN¥446.4b | CN¥22.5b | 21.9x | 27.8x | 1.4x |
| Fri, 20 May 2022 | CN¥601.9b | CN¥446.5b | CN¥22.6b | 21x | 26.7x | 1.3x |
| Sun, 17 Apr 2022 | CN¥606.0b | CN¥443.6b | CN¥17.8b | 18.1x | 34x | 1.4x |
| Tue, 15 Mar 2022 | CN¥688.0b | CN¥447.1b | CN¥19.6b | 19.7x | 35.2x | 1.5x |
| Thu, 10 Feb 2022 | CN¥755.2b | CN¥439.1b | CN¥18.9b | 22.2x | 39.9x | 1.7x |
| Sat, 08 Jan 2022 | CN¥790.2b | CN¥437.2b | CN¥18.6b | 23.6x | 42.5x | 1.8x |
| Mon, 06 Dec 2021 | CN¥750.9b | CN¥432.8b | CN¥17.4b | 21.4x | 43.3x | 1.7x |
| Wed, 03 Nov 2021 | CN¥738.8b | CN¥431.9b | CN¥17.6b | 36x | 42x | 1.7x |
| Fri, 01 Oct 2021 | CN¥731.6b | CN¥412.8b | CN¥16.3b | 25.7x | 45x | 1.8x |
| Sun, 29 Aug 2021 | CN¥715.1b | CN¥410.4b | CN¥15.9b | 25.2x | 44.9x | 1.7x |
| Mon, 05 Jul 2021 | CN¥761.5b | CN¥409.3b | CN¥15.8b | 24.9x | 48.2x | 1.9x |
| Thu, 08 Apr 2021 | CN¥543.9b | CN¥367.1b | CN¥10.5b | 22.5x | 51.6x | 1.5x |
| Sun, 10 Jan 2021 | CN¥479.2b | CN¥306.5b | CN¥5.7b | 26.1x | 83.9x | 1.6x |
Price to Earnings Ratio
62x
Current Industry PE
- Investors are pessimistic on the Chinese Luxury 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 37.5x which is lower than its 3-year average PE of 42.4x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Discretionary industry?
| CN Market | -0.43% | |
| Consumer Discretionary | -0.25% | |
| Luxury | 0.47% | |
| Apparel, Accessories and Luxury Goods | 1.11% | |
| Footwear | 0.33% | |
| Textiles | -0.31% | |
Industry PE
- Investors are most optimistic about the Footwear industry which is trading above its 3-year average PE ratio of 50.8x.
- Analysts are expecting annual earnings growth of 30.8%, which is higher than its past year's earnings decline of 4.6% per year.
- Investors are most pessimistic about the Apparel, Accessories and Luxury Goods industry, which is trading below its 3-year average of 59.8x.
Forecasted Growth
- Analysts are most optimistic on the Footwear industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 4.6% per year.
- In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| 600612 Lao Feng Xiang | CN¥66.13 | 6.5% +CN¥2.1b | 57.8% | PE15x | |
| 2832 BIEM.L.FDLKK GarmentLtd | CN¥33.33 | 5.1% +CN¥924.5m | 35.8% | PE20.9x | |
| 300840 Qingdao KutesmartLtd | CN¥21.13 | 11.5% +CN¥523.2m | 113.2% | PE42.7x | |
| 2327 Shenzhen Fuanna Bedding and FurnishingLtd | CN¥9.05 | 6.1% +CN¥430.1m | 28.0% | PE13.6x | |
| 2867 Chow Tai Seng Jewellery | CN¥15.52 | 2.6% +CN¥423.3m | 14.7% | PE13.4x |