Chinese (SSE) Energy Sector Analysis
UpdatedDec 07, 2022
DataAggregated Company Financials
Companies73
- 7D-0.4%
- 3M-10.6%
- 1Y21.2%
- YTD20.4%
In the last week, the Energy industry is up 2.3%, with COFCO Capital Holdings up 18%. Meanwhile, China Merchants Energy Shipping actually underperformed within the industry, shrinking 5.8% in the last week. This means that the industry has gained 23% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.
Sector Valuation and Performance
Has the Chinese Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 07 Dec 2022 | CN¥1.1t | CN¥1.1t | CN¥130.4b | 18.3x | 8.3x | 1x |
| Fri, 04 Nov 2022 | CN¥1.0t | CN¥1.1t | CN¥130.4b | 17x | 8.1x | 1x |
| Sun, 02 Oct 2022 | CN¥1.1t | CN¥1.1t | CN¥123.3b | 18.1x | 9.1x | 1.1x |
| Tue, 30 Aug 2022 | CN¥1.2t | CN¥1.0t | CN¥103.7b | 20.8x | 11.9x | 1.2x |
| Thu, 28 Jul 2022 | CN¥1.1t | CN¥1.0t | CN¥93.6b | 24.3x | 11.3x | 1x |
| Sat, 25 Jun 2022 | CN¥1.0t | CN¥1.0t | CN¥93.4b | 24.6x | 11.2x | 1x |
| Mon, 23 May 2022 | CN¥1.0t | CN¥1.0t | CN¥90.5b | 20.2x | 11.1x | 1x |
| Wed, 20 Apr 2022 | CN¥1.0t | CN¥949.6b | CN¥77.2b | 20.8x | 13.4x | 1.1x |
| Fri, 18 Mar 2022 | CN¥946.6b | CN¥923.0b | CN¥72.2b | 16.7x | 13.1x | 1x |
| Sun, 13 Feb 2022 | CN¥981.5b | CN¥875.3b | CN¥65.5b | 19x | 15x | 1.1x |
| Tue, 11 Jan 2022 | CN¥938.4b | CN¥841.9b | CN¥64.8b | 19.7x | 14.5x | 1.1x |
| Thu, 09 Dec 2021 | CN¥930.0b | CN¥841.9b | CN¥64.8b | 20.8x | 14.3x | 1.1x |
| Sat, 06 Nov 2021 | CN¥870.3b | CN¥841.9b | CN¥64.8b | 18.3x | 13.4x | 1x |
| Mon, 04 Oct 2021 | CN¥1.1t | CN¥785.3b | CN¥57.1b | 23.2x | 19.5x | 1.4x |
| Wed, 01 Sep 2021 | CN¥1.0t | CN¥785.0b | CN¥57.1b | 19.2x | 17.7x | 1.3x |
| Thu, 08 Jul 2021 | CN¥835.5b | CN¥785.0b | CN¥57.1b | 17.4x | 14.6x | 1.1x |
| Wed, 31 Mar 2021 | CN¥740.9b | CN¥724.2b | CN¥47.2b | 18.6x | 15.7x | 1x |
| Sat, 02 Jan 2021 | CN¥738.2b | CN¥678.9b | CN¥40.4b | 23.2x | 18.3x | 1.1x |
| Tue, 06 Oct 2020 | CN¥655.7b | CN¥677.3b | CN¥38.4b | 26.9x | 17.1x | 1x |
| Fri, 10 Jul 2020 | CN¥596.5b | CN¥677.1b | CN¥36.6b | 23.9x | 16.3x | 0.9x |
| Thu, 02 Apr 2020 | CN¥607.7b | CN¥682.6b | CN¥33.3b | 17.6x | 18.3x | 0.9x |
| Sun, 05 Jan 2020 | CN¥740.6b | CN¥696.5b | CN¥34.7b | 26.5x | 21.3x | 1.1x |
Price to Earnings Ratio
21.3x
Current Industry PE
- Investors are pessimistic on the Chinese Energy 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 8.4x which is lower than its 3-year average PE of 15.6x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 55% per year over the last three years.
- Revenues for these companies have grown 17% 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 Energy sector?
| CN Market | 2.30% | |
| Energy | -0.44% | |
| Energy Services | 3.36% | |
| Oil and Gas | -1.38% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 50.3x.
- Analysts are expecting annual earnings growth of 22.6%, which is higher than its past year's earnings growth of 1.8% per year.
- Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 12.7x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 1.8% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 6.9% 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 | |
|---|---|---|---|---|---|
| 2423 COFCO Capital Holdings | CN¥8.43 | 17.6% +CN¥2.9b | 2.6% | PE17.2x | |
| 600968 CNOOC Energy Technology & Services | CN¥3.33 | 6.4% +CN¥2.0b | 14.4% | PE19x | |
| 600339 China Petroleum Engineering | CN¥3.44 | 8.2% +CN¥1.5b | 17.4% | PE36.5x | |
| 600583 Offshore Oil EngineeringLtd | CN¥5.96 | 4.2% +CN¥1.1b | 35.5% | PE40.2x | |
| 603318 Shuifa Energas Gas | CN¥11.30 | -3.3% CN¥768.0m | 23.2% | PE113.5x |