Chinese (SSE) Energy Services Industry Analysis
UpdatedSep 20, 2023
DataAggregated Company Financials
Companies29
- 7D2.0%
- 3M9.5%
- 1Y5.1%
- YTD7.9%
In the last week, the Energy Services industry is up 2.0%, with Yantai Jereh Oilfield Services Group up 5.3%. This means that the industry has gained 5.1% over the past year. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Chinese Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Sep 2023 | CN¥230.6b | CN¥239.8b | CN¥9.7b | 28.5x | 23.9x | 1x |
| Fri, 18 Aug 2023 | CN¥220.1b | CN¥240.7b | CN¥9.6b | 29.4x | 23x | 0.9x |
| Sun, 16 Jul 2023 | CN¥227.8b | CN¥239.8b | CN¥9.7b | 31.5x | 23.6x | 0.9x |
| Tue, 13 Jun 2023 | CN¥214.4b | CN¥239.8b | CN¥9.7b | 29.8x | 22.2x | 0.9x |
| Thu, 11 May 2023 | CN¥224.7b | CN¥240.0b | CN¥10.5b | 33.9x | 21.3x | 0.9x |
| Sat, 08 Apr 2023 | CN¥226.3b | CN¥214.3b | CN¥7.2b | 50.3x | 31.2x | 1.1x |
| Mon, 06 Mar 2023 | CN¥233.6b | CN¥233.4b | CN¥6.7b | 55x | 34.9x | 1x |
| Wed, 01 Feb 2023 | CN¥228.7b | CN¥233.3b | CN¥6.8b | 52.5x | 33.8x | 1x |
| Fri, 30 Dec 2022 | CN¥208.0b | CN¥233.3b | CN¥6.8b | 40.8x | 30.8x | 0.9x |
| Sun, 27 Nov 2022 | CN¥216.7b | CN¥233.3b | CN¥6.8b | 42.6x | 32x | 0.9x |
| Tue, 25 Oct 2022 | CN¥211.6b | CN¥228.6b | CN¥6.2b | 43x | 34.2x | 0.9x |
| Thu, 22 Sep 2022 | CN¥223.5b | CN¥229.0b | CN¥6.3b | 45.8x | 35.7x | 1x |
| Sat, 20 Aug 2022 | CN¥217.6b | CN¥218.6b | CN¥5.8b | 47.2x | 37.7x | 1x |
| Mon, 18 Jul 2022 | CN¥198.6b | CN¥217.9b | CN¥5.4b | 42.3x | 36.6x | 0.9x |
| Wed, 15 Jun 2022 | CN¥227.2b | CN¥217.9b | CN¥5.4b | 53.3x | 41.9x | 1x |
| Fri, 13 May 2022 | CN¥189.3b | CN¥217.9b | CN¥5.4b | 40.4x | 34.9x | 0.9x |
| Sun, 10 Apr 2022 | CN¥212.6b | CN¥204.6b | CN¥5.6b | 34.8x | 38.1x | 1x |
| Tue, 08 Mar 2022 | CN¥244.3b | CN¥202.5b | CN¥6.1b | 40.4x | 39.7x | 1.2x |
| Thu, 03 Feb 2022 | CN¥213.6b | CN¥201.5b | CN¥6.2b | 34.1x | 34.2x | 1.1x |
| Sat, 01 Jan 2022 | CN¥226.1b | CN¥199.9b | CN¥6.2b | 31.4x | 36.5x | 1.1x |
| Mon, 29 Nov 2021 | CN¥214.4b | CN¥199.9b | CN¥6.2b | 31x | 34.6x | 1.1x |
| Wed, 27 Oct 2021 | CN¥237.6b | CN¥194.6b | CN¥6.1b | 30.9x | 38.9x | 1.2x |
| Fri, 24 Sep 2021 | CN¥241.3b | CN¥193.4b | CN¥5.9b | 30.3x | 40.7x | 1.2x |
| Sun, 22 Aug 2021 | CN¥199.8b | CN¥193.4b | CN¥5.9b | 26.5x | 33.7x | 1x |
| Fri, 09 Jul 2021 | CN¥201.9b | CN¥193.4b | CN¥5.9b | 25.4x | 34x | 1x |
| Thu, 01 Apr 2021 | CN¥193.2b | CN¥186.5b | CN¥5.1b | 24.1x | 38.2x | 1x |
| Sun, 03 Jan 2021 | CN¥188.7b | CN¥177.1b | CN¥3.0b | 34.8x | 62.3x | 1.1x |
| Wed, 07 Oct 2020 | CN¥189.1b | CN¥179.5b | CN¥3.4b | 30.4x | 54.8x | 1.1x |
Price to Earnings Ratio
54.8x
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 23.9x which is lower than its 3-year average PE of 37.8x.
- 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 Services industry have grown 41% per year over the last three years.
- Revenues for these companies have grown 10% 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 Market | -1.72% | |
| Energy | 3.66% | |
| Energy Services | 1.99% | |
| Oil and Gas Drilling | 5.05% | |
| Oil and Gas Services | 1.97% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 37.3x.
- Analysts are expecting annual earnings growth of 20.8%, which is lower than the prior year's growth of 29.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 2353 Yantai Jereh Oilfield Services Group | CN¥32.28 | 5.3% +CN¥1.7b | -9.3% | PE14.3x | |
| 688377 Nanjing Develop Advanced Manufacturing | CN¥28.88 | 11.3% +CN¥565.3m | -33.6% | PE38.2x | |
| 600968 CNOOC Energy Technology & Services | CN¥3.23 | 1.3% +CN¥406.6m | 5.6% | PE12.1x | |
| 2443 Zhejiang Kingland Pipeline and TechnologiesLtd | CN¥6.90 | 2.4% +CN¥83.3m | -3.2% | PE14.6x | |
| 2207 Xinjiang Zhundong Petroleum Technology | CN¥7.99 | 2.6% +CN¥52.4m | -11.0% | PS10.1x |