Header cover image

Chinese (SSE) Energy Services Industry Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies28
  • 7D0.4%
  • 3M-0.2%
  • 1Y-0.5%
  • YTD2.1%

Over the last 7 days, the Energy Services industry has remained flat, although notably Yantai Jereh Oilfield Services Group gained 5.6%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024CN¥215.0bCN¥244.1bCN¥11.5b21.9x18.7x0.9x
Mon, 13 May 2024CN¥227.4bCN¥243.0bCN¥11.4b24.5x19.9x0.9x
Wed, 10 Apr 2024CN¥222.3bCN¥239.9bCN¥10.6b24.9x20.9x0.9x
Fri, 08 Mar 2024CN¥210.9bCN¥243.8bCN¥11.2b22.6x18.9x0.9x
Sun, 04 Feb 2024CN¥184.3bCN¥243.8bCN¥10.1b21.2x18.2x0.8x
Tue, 02 Jan 2024CN¥208.0bCN¥243.0bCN¥10.0b26.2x20.8x0.9x
Thu, 30 Nov 2023CN¥215.9bCN¥243.0bCN¥10.0b28x21.6x0.9x
Sat, 28 Oct 2023CN¥219.9bCN¥240.6bCN¥9.8b26.9x22.4x0.9x
Mon, 25 Sep 2023CN¥227.4bCN¥239.8bCN¥9.7b28.2x23.6x0.9x
Wed, 23 Aug 2023CN¥217.3bCN¥241.2bCN¥9.7b30.1x22.4x0.9x
Fri, 21 Jul 2023CN¥224.9bCN¥239.8bCN¥9.7b30.7x23.3x0.9x
Sun, 18 Jun 2023CN¥216.4bCN¥239.8bCN¥9.7b30.3x22.4x0.9x
Tue, 16 May 2023CN¥224.0bCN¥239.7bCN¥10.7b32x21x0.9x
Thu, 13 Apr 2023CN¥230.5bCN¥217.3bCN¥7.8b49.3x29.4x1.1x
Sat, 11 Mar 2023CN¥223.6bCN¥233.4bCN¥6.7b52.2x33.4x1x
Mon, 06 Feb 2023CN¥229.8bCN¥233.3bCN¥6.8b50.2x34x1x
Wed, 04 Jan 2023CN¥212.3bCN¥233.3bCN¥6.8b41.3x31.4x0.9x
Fri, 02 Dec 2022CN¥222.6bCN¥233.3bCN¥6.8b43.5x32.9x1x
Sun, 30 Oct 2022CN¥205.9bCN¥230.0bCN¥6.6b44.6x31.4x0.9x
Tue, 27 Sep 2022CN¥210.2bCN¥229.0bCN¥6.3b42.7x33.6x0.9x
Thu, 25 Aug 2022CN¥222.0bCN¥221.2bCN¥5.8b43.6x38.2x1x
Sat, 23 Jul 2022CN¥206.4bCN¥217.9bCN¥5.4b44.8x38.1x0.9x
Mon, 20 Jun 2022CN¥216.0bCN¥217.9bCN¥5.4b49.4x39.9x1x
Wed, 18 May 2022CN¥196.4bCN¥217.9bCN¥5.4b43.9x36.2x0.9x
Fri, 15 Apr 2022CN¥212.9bCN¥204.6bCN¥5.6b35.5x38.1x1x
Sun, 13 Mar 2022CN¥233.3bCN¥202.5bCN¥6.1b35.9x37.9x1.2x
Tue, 08 Feb 2022CN¥228.2bCN¥201.5bCN¥6.2b35.9x36.6x1.1x
Thu, 06 Jan 2022CN¥229.0bCN¥199.9bCN¥6.2b32.4x36.9x1.1x
Sat, 04 Dec 2021CN¥219.6bCN¥199.9bCN¥6.2b31.9x35.4x1.1x
Mon, 01 Nov 2021CN¥218.5bCN¥200.1bCN¥6.2b31.3x35.2x1.1x
Wed, 29 Sep 2021CN¥243.9bCN¥193.4bCN¥5.9b31.6x41.1x1.3x
Fri, 27 Aug 2021CN¥209.3bCN¥193.4bCN¥5.9b27x35.3x1.1x
Sat, 03 Jul 2021CN¥201.9bCN¥193.4bCN¥5.9b25.4x34x1x
Price to Earnings Ratio

34x


Total Market Cap: CN¥201.9bTotal Earnings: CN¥5.9bTotal Revenue: CN¥193.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Energy Services Industry Price to Earnings3Y Average 30.1x202220232024
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 18.7x which is lower than its 3-year average PE of 30.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
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 Market0.061%
Energy-0.59%
Energy Services0.40%
Oil and Gas Drilling5.30%
Oil and Gas Services0.36%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 15.6x.
    • 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 29.5x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 20% 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 20% 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¥35.915.6%
+CN¥2.0b
42.4%PE14.8x
300191 Sino GeophysicalCN¥14.305.6%
+CN¥243.2m
-21.3%PS9.4x
603698 Changzheng Engineering TechnologyLtdCN¥12.522.2%
+CN¥144.7m
-19.9%PE40.2x
2423 COFCO Capital HoldingsCN¥7.800.6%
+CN¥115.2m
-5.9%PE14.1x
2828 XinJiang Beiken Energy EngineeringLtdCN¥8.945.3%
+CN¥89.2m
9.4%PE29.9x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

300164

CN¥3.71

Tong Petrotech

7D

3.1%

1Y

-15.5%

2443

CN¥5.62

Zhejiang Kingland Pipeline and TechnologiesLtd

7D

-1.1%

1Y

-14.1%

852

CN¥5.75

Sinopec Oilfield Equipment

7D

-0.7%

1Y

-15.1%

2423

CN¥7.80

COFCO Capital Holdings

7D

0.6%

1Y

-5.9%

2828

CN¥8.94

XinJiang Beiken Energy EngineeringLtd

7D

5.3%

1Y

9.4%

300191

CN¥14.30

Sino Geophysical

7D

5.6%

1Y

-21.3%

688377

CN¥14.75

Nanjing Develop Advanced Manufacturing

7D

-1.3%

1Y

-40.8%

2469

CN¥5.85

Shandong Sunway Chemical Group

7D

0.9%

1Y

-3.5%