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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Sep 2023CN„230.6bCN„239.8bCN„9.7b28.5x23.9x1x
Fri, 18 Aug 2023CN„220.1bCN„240.7bCN„9.6b29.4x23x0.9x
Sun, 16 Jul 2023CN„227.8bCN„239.8bCN„9.7b31.5x23.6x0.9x
Tue, 13 Jun 2023CN„214.4bCN„239.8bCN„9.7b29.8x22.2x0.9x
Thu, 11 May 2023CN„224.7bCN„240.0bCN„10.5b33.9x21.3x0.9x
Sat, 08 Apr 2023CN„226.3bCN„214.3bCN„7.2b50.3x31.2x1.1x
Mon, 06 Mar 2023CN„233.6bCN„233.4bCN„6.7b55x34.9x1x
Wed, 01 Feb 2023CN„228.7bCN„233.3bCN„6.8b52.5x33.8x1x
Fri, 30 Dec 2022CN„208.0bCN„233.3bCN„6.8b40.8x30.8x0.9x
Sun, 27 Nov 2022CN„216.7bCN„233.3bCN„6.8b42.6x32x0.9x
Tue, 25 Oct 2022CN„211.6bCN„228.6bCN„6.2b43x34.2x0.9x
Thu, 22 Sep 2022CN„223.5bCN„229.0bCN„6.3b45.8x35.7x1x
Sat, 20 Aug 2022CN„217.6bCN„218.6bCN„5.8b47.2x37.7x1x
Mon, 18 Jul 2022CN„198.6bCN„217.9bCN„5.4b42.3x36.6x0.9x
Wed, 15 Jun 2022CN„227.2bCN„217.9bCN„5.4b53.3x41.9x1x
Fri, 13 May 2022CN„189.3bCN„217.9bCN„5.4b40.4x34.9x0.9x
Sun, 10 Apr 2022CN„212.6bCN„204.6bCN„5.6b34.8x38.1x1x
Tue, 08 Mar 2022CN„244.3bCN„202.5bCN„6.1b40.4x39.7x1.2x
Thu, 03 Feb 2022CN„213.6bCN„201.5bCN„6.2b34.1x34.2x1.1x
Sat, 01 Jan 2022CN„226.1bCN„199.9bCN„6.2b31.4x36.5x1.1x
Mon, 29 Nov 2021CN„214.4bCN„199.9bCN„6.2b31x34.6x1.1x
Wed, 27 Oct 2021CN„237.6bCN„194.6bCN„6.1b30.9x38.9x1.2x
Fri, 24 Sep 2021CN„241.3bCN„193.4bCN„5.9b30.3x40.7x1.2x
Sun, 22 Aug 2021CN„199.8bCN„193.4bCN„5.9b26.5x33.7x1x
Fri, 09 Jul 2021CN„201.9bCN„193.4bCN„5.9b25.4x34x1x
Thu, 01 Apr 2021CN„193.2bCN„186.5bCN„5.1b24.1x38.2x1x
Sun, 03 Jan 2021CN„188.7bCN„177.1bCN„3.0b34.8x62.3x1.1x
Wed, 07 Oct 2020CN„189.1bCN„179.5bCN„3.4b30.4x54.8x1.1x
Price to Earnings Ratio

54.8x


Total Market Cap: CN„189.1bTotal Earnings: CN„3.4bTotal Revenue: CN„179.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Energy Services Industry Price to Earnings3Y Average 37.8x202120222023
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%
Energy3.66%
Energy Services1.99%
Oil and Gas Drilling5.05%
Oil and Gas Services1.97%
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?

CompanyLast Price7D1YValuation
2353 Yantai Jereh Oilfield Services GroupCN„32.285.3%
+CN„1.7b
-9.3%PE14.3x
688377 Nanjing Develop Advanced ManufacturingCN„28.8811.3%
+CN„565.3m
-33.6%PE38.2x
600968 CNOOC Energy Technology & ServicesCN„3.231.3%
+CN„406.6m
5.6%PE12.1x
2443 Zhejiang Kingland Pipeline and TechnologiesLtdCN„6.902.4%
+CN„83.3m
-3.2%PE14.6x
2207 Xinjiang Zhundong Petroleum TechnologyCN„7.992.6%
+CN„52.4m
-11.0%PS10.1x
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Latest News

688377

CN„28.88

Nanjing Develop Advanced Manufacturing

7D

11.3%

1Y

-33.6%

300471

CN„12.73

Houpu Clean Energy Group

7D

-2.8%

1Y

-9.4%

301158

CN„18.56

Dezhou United Petroleum TechnologyLtd

7D

1.0%

1Y

-5.8%

300191

CN„17.15

Sino Geophysical

7D

-2.9%

1Y

-14.4%

603698

CN„13.71

Changzheng EngineeringLTD

7D

-5.0%

1Y

8.0%

603619

CN„21.19

Zhongman Petroleum and Natural Gas Group

7D

-1.2%

1Y

-5.1%

603318

CN„8.20

Shuifa Energas Gas

7D

-3.2%

1Y

-17.8%

600339

CN„3.81

China Petroleum Engineering

7D

-0.8%

1Y

25.7%

600968

CN„3.23

CNOOC Energy Technology & Services

7D

1.3%

1Y

5.6%

603800

CN„32.35

Suzhou Douson Drilling & Production EquipmentLtd

7D

-3.7%

1Y

-14.2%

2443

CN„6.90

Zhejiang Kingland Pipeline and TechnologiesLtd

7D

2.4%

1Y

-3.2%

2353

CN„32.28

Yantai Jereh Oilfield Services Group

7D

5.3%

1Y

-9.3%

2207

CN„7.99

Xinjiang Zhundong Petroleum Technology

7D

2.6%

1Y

-11.0%

852

CN„6.76

Sinopec Oilfield Equipment

7D

-2.2%

1Y

1.2%

600583

CN„6.42

Offshore Oil EngineeringLtd

7D

0.2%

1Y

37.5%