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Chinese (SSE) Energy Services Industry Analysis

UpdatedJul 12, 2024
DataAggregated Company Financials
Companies28
  • 7D0.3%
  • 3M-6.7%
  • 1Y-6.7%
  • YTD-0.3%

Over the last 7 days, the Energy Services industry has dropped 3.1%, driven by Offshore Oil EngineeringLtd declining 2.3%. On the other hand Zhongman Petroleum and Natural Gas GroupLtd is actually up 6.8%. Overall the industry is down 7.8% in 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Chinese Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jul 2024CN¥209.9bCN¥244.1bCN¥11.5b20.3x18.3x0.9x
Sun, 09 Jun 2024CN¥214.2bCN¥244.1bCN¥11.5b21.6x18.7x0.9x
Tue, 07 May 2024CN¥225.6bCN¥243.0bCN¥11.4b24.7x19.7x0.9x
Thu, 04 Apr 2024CN¥228.4bCN¥239.9bCN¥10.6b25.9x21.5x1x
Sat, 02 Mar 2024CN¥211.3bCN¥243.8bCN¥11.2b23.2x18.9x0.9x
Mon, 29 Jan 2024CN¥208.5bCN¥243.0bCN¥10.0b24.3x20.9x0.9x
Wed, 27 Dec 2023CN¥201.7bCN¥243.0bCN¥10.0b25.6x20.2x0.8x
Fri, 24 Nov 2023CN¥218.1bCN¥242.0bCN¥10.0b28.5x21.8x0.9x
Sun, 22 Oct 2023CN¥219.2bCN¥239.7bCN¥9.7b27.8x22.7x0.9x
Tue, 19 Sep 2023CN¥228.9bCN¥239.8bCN¥9.7b28.3x23.7x1x
Thu, 17 Aug 2023CN¥217.5bCN¥240.7bCN¥9.6b29x22.8x0.9x
Sat, 15 Jul 2023CN¥227.8bCN¥239.8bCN¥9.7b31.5x23.6x0.9x
Mon, 12 Jun 2023CN¥214.7bCN¥239.8bCN¥9.7b29.9x22.2x0.9x
Wed, 10 May 2023CN¥229.8bCN¥240.1bCN¥10.6b36.3x21.8x1x
Fri, 07 Apr 2023CN¥226.4bCN¥214.3bCN¥6.6b49.9x34.1x1.1x
Sun, 05 Mar 2023CN¥233.6bCN¥233.4bCN¥6.7b55x34.9x1x
Tue, 31 Jan 2023CN¥227.8bCN¥233.3bCN¥6.8b53x33.7x1x
Thu, 29 Dec 2022CN¥210.5bCN¥233.3bCN¥6.8b41.6x31.1x0.9x
Sat, 26 Nov 2022CN¥216.7bCN¥233.3bCN¥6.8b42.6x32x0.9x
Mon, 24 Oct 2022CN¥211.6bCN¥228.6bCN¥6.2b43x34.2x0.9x
Wed, 21 Sep 2022CN¥217.2bCN¥229.0bCN¥6.3b45.1x34.7x0.9x
Fri, 19 Aug 2022CN¥219.9bCN¥218.2bCN¥5.7b47.5x38.8x1x
Sun, 17 Jul 2022CN¥198.6bCN¥217.9bCN¥5.4b42.3x36.6x0.9x
Tue, 14 Jun 2022CN¥222.5bCN¥217.9bCN¥5.4b51.7x41.1x1x
Thu, 12 May 2022CN¥189.3bCN¥217.9bCN¥5.4b40.4x34.9x0.9x
Sat, 09 Apr 2022CN¥212.6bCN¥204.6bCN¥5.6b34.8x38.1x1x
Mon, 07 Mar 2022CN¥246.6bCN¥202.5bCN¥6.1b42.1x40.1x1.2x
Wed, 02 Feb 2022CN¥213.6bCN¥201.5bCN¥6.2b34.1x34.2x1.1x
Fri, 31 Dec 2021CN¥225.9bCN¥199.9bCN¥6.2b31.4x36.5x1.1x
Sun, 28 Nov 2021CN¥214.4bCN¥199.9bCN¥6.2b31x34.6x1.1x
Tue, 26 Oct 2021CN¥238.5bCN¥194.5bCN¥6.0b30.5x39.6x1.2x
Thu, 23 Sep 2021CN¥243.1bCN¥193.4bCN¥5.9b31.1x41x1.3x
Sat, 21 Aug 2021CN¥199.8bCN¥193.4bCN¥5.9b26.5x33.7x1x
Price to Earnings Ratio

34.1x


Total Market Cap: CN¥202.0bTotal Earnings: CN¥5.9bTotal Revenue: CN¥193.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Energy Services Industry Price to Earnings3Y Average 29.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Chinese Energy Services 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 17.8x which is lower than its 3-year average PE of 29.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.97x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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 industry?

CN Market1.65%
Energy-2.60%
Energy Services0.29%
Oil and Gas Services0.33%
Oil and Gas Drilling-4.23%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 14.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 29.1x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 8.0% per year.
  • In contrast, the Oil and Gas Services 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?

CompanyLast Price7D1YValuation
603619 Zhongman Petroleum and Natural Gas GroupLtdCN¥24.826.8%
+CN¥625.9m
33.4%PE12.8x
603800 Jiangsu Hongtian TechnologyLtdCN¥19.256.6%
+CN¥244.3m
-35.8%PE18.1x
603698 Changzheng Engineering TechnologyLtdCN¥11.772.2%
+CN¥134.0m
-25.2%PE37.8x
000852 Sinopec Oilfield EquipmentCN¥5.542.0%
+CN¥103.6m
-24.8%PE57x
600968 CNOOC Energy Technology & ServicesCN¥4.230.2%
+CN¥101.7m
36.0%PE13.6x
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Latest News

603800

CN¥19.25

Jiangsu Hongtian TechnologyLtd

7D

6.6%

1Y

-35.8%

002828

CN¥7.93

XinJiang Beiken Energy EngineeringLtd

7D

-4.2%

1Y

-5.9%

000852

CN¥5.54

Sinopec Oilfield Equipment

7D

2.0%

1Y

-24.8%

300191

CN¥13.67

Sino Geophysical

7D

-0.7%

1Y

-28.8%

002469

CN¥5.61

Shandong Sunway Chemical Group

7D

-1.6%

1Y

-9.4%

002353

CN¥33.59

Yantai Jereh Oilfield Services Group

7D

-0.1%

1Y

27.7%

300471

CN¥8.03

Houpu Clean Energy Group

7D

2.4%

1Y

-42.5%

603619

CN¥24.82

Zhongman Petroleum and Natural Gas GroupLtd

7D

6.8%

1Y

33.4%

600968

CN¥4.23

CNOOC Energy Technology & Services

7D

0.2%

1Y

36.0%

688377

CN¥12.35

Nanjing Develop Advanced Manufacturing

7D

-1.0%

1Y

-57.6%

600339

CN¥3.09

China Petroleum Engineering

7D

-1.3%

1Y

-24.6%

300309

CN¥0.23

GI Technologies Group

7D

-8.0%

1Y

-84.2%