Is There An Opportunity With China Merchants Energy Shipping Co., Ltd.'s (SHSE:601872) 38% Undervaluation?
Nov 19
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Chinese (SSE) Oil and Gas Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies45
- 7D0.09%
- 3M10.0%
- 1Y9.8%
- YTD1.1%
Over the last 7 days, the Oil and Gas industry has remained flat. As for the the longer term, the industry is up 8.3% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Chinese Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥908.4b | CN¥757.7b | CN¥68.3b | 13.2x | 13.3x | 1.2x |
| Sat, 19 Oct 2024 | CN¥899.7b | CN¥762.3b | CN¥72.8b | 12.4x | 12.4x | 1.2x |
| Mon, 16 Sep 2024 | CN¥772.5b | CN¥760.9b | CN¥72.8b | 11.1x | 10.6x | 1x |
| Wed, 14 Aug 2024 | CN¥850.2b | CN¥776.4b | CN¥76.6b | 12.7x | 11.1x | 1.1x |
| Fri, 12 Jul 2024 | CN¥921.1b | CN¥776.7b | CN¥76.8b | 13.2x | 12x | 1.2x |
| Sun, 09 Jun 2024 | CN¥1.0t | CN¥776.7b | CN¥76.8b | 14.3x | 13.4x | 1.3x |
| Tue, 07 May 2024 | CN¥977.6b | CN¥777.7b | CN¥77.1b | 13.3x | 12.7x | 1.3x |
| Thu, 04 Apr 2024 | CN¥996.3b | CN¥832.6b | CN¥94.8b | 13.4x | 10.5x | 1.2x |
| Sat, 02 Mar 2024 | CN¥994.0b | CN¥836.1b | CN¥99.8b | 12x | 10x | 1.2x |
| Mon, 29 Jan 2024 | CN¥942.9b | CN¥837.3b | CN¥100.3b | 11.7x | 9.4x | 1.1x |
| Wed, 27 Dec 2023 | CN¥882.5b | CN¥837.2b | CN¥100.0b | 11.1x | 8.8x | 1.1x |
| Fri, 24 Nov 2023 | CN¥845.9b | CN¥837.2b | CN¥100.0b | 11.5x | 8.5x | 1x |
| Sun, 22 Oct 2023 | CN¥825.5b | CN¥870.4b | CN¥108.0b | 9.7x | 7.6x | 0.9x |
| Tue, 19 Sep 2023 | CN¥846.2b | CN¥875.7b | CN¥108.5b | 9.7x | 7.8x | 1x |
| Thu, 17 Aug 2023 | CN¥776.9b | CN¥902.9b | CN¥133.9b | 9.2x | 5.8x | 0.9x |
| Sat, 15 Jul 2023 | CN¥801.5b | CN¥907.9b | CN¥136.2b | 9x | 5.9x | 0.9x |
| Mon, 12 Jun 2023 | CN¥813.8b | CN¥907.8b | CN¥135.3b | 8.6x | 6x | 0.9x |
| Wed, 10 May 2023 | CN¥895.5b | CN¥908.4b | CN¥135.3b | 9.3x | 6.6x | 1x |
| Fri, 07 Apr 2023 | CN¥886.5b | CN¥868.2b | CN¥126.4b | 8.3x | 7x | 1x |
| Sun, 05 Mar 2023 | CN¥904.0b | CN¥867.6b | CN¥122.5b | 8.7x | 7.4x | 1x |
| Tue, 31 Jan 2023 | CN¥847.9b | CN¥868.2b | CN¥123.4b | 8.6x | 6.9x | 1x |
| Thu, 29 Dec 2022 | CN¥788.8b | CN¥868.6b | CN¥123.6b | 8.3x | 6.4x | 0.9x |
| Sat, 26 Nov 2022 | CN¥864.6b | CN¥868.4b | CN¥123.5b | 8.9x | 7x | 1x |
| Mon, 24 Oct 2022 | CN¥897.2b | CN¥849.2b | CN¥120.6b | 9.1x | 7.4x | 1.1x |
| Wed, 21 Sep 2022 | CN¥937.0b | CN¥838.1b | CN¥117.0b | 9.7x | 8x | 1.1x |
| Fri, 19 Aug 2022 | CN¥896.6b | CN¥807.9b | CN¥93.5b | 14.4x | 9.6x | 1.1x |
| Sun, 17 Jul 2022 | CN¥807.7b | CN¥792.0b | CN¥87.9b | 12.6x | 9.2x | 1x |
| Tue, 14 Jun 2022 | CN¥940.6b | CN¥788.9b | CN¥87.9b | 14.7x | 10.7x | 1.2x |
| Thu, 12 May 2022 | CN¥746.9b | CN¥788.5b | CN¥88.3b | 12.1x | 8.5x | 0.9x |
| Sat, 09 Apr 2022 | CN¥779.9b | CN¥717.8b | CN¥67.7b | 15.1x | 11.5x | 1.1x |
| Mon, 07 Mar 2022 | CN¥822.4b | CN¥712.1b | CN¥65.0b | 14.5x | 12.7x | 1.2x |
| Wed, 02 Feb 2022 | CN¥673.9b | CN¥673.8b | CN¥59.3b | 14.5x | 11.4x | 1x |
| Fri, 31 Dec 2021 | CN¥686.2b | CN¥642.0b | CN¥58.6b | 15.1x | 11.7x | 1.1x |
| Sun, 28 Nov 2021 | CN¥668.6b | CN¥642.0b | CN¥58.6b | 13.8x | 11.4x | 1x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are optimistic on the Chinese Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.2x which is higher than its 3-year average PE of 9.3x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 5.3% per year over the last three years.
- Revenues for these companies have grown 5.7% 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 | -3.39% | |
| Energy | 0.26% | |
| Oil and Gas | 0.091% | |
| Oil and Gas Refining and Marketing | 3.22% | |
| Oil and Gas Exploration and Production | 2.99% | |
| Coal and Fuels | 0.28% | |
| Oil and Gas Storage and Transportation | -0.69% | |
| Integrated Oil and Gas | -2.77% | |
Industry PE
- Investors are most optimistic about the Integrated Oil and Gas industry which is trading above its 3-year average PE ratio of 10.4x.
- Analysts are expecting annual earnings growth of 33.6%, which is higher than its past year's earnings growth of 7.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 70% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Coal and Fuels industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 601225 Shaanxi Coal Industry | CN¥24.05 | 2.6% +CN¥5.9b | 26.2% | PE11.1x | |
| 600098 Guangzhou Development Group | CN¥6.81 | 6.2% +CN¥1.4b | 23.4% | PE14.1x | |
| 688196 Longyan Zhuoyue New Energy | CN¥37.10 | 41.8% +CN¥1.3b | -10.3% | PE248.5x | |
| 000983 Shanxi Coking Coal Energy Group | CN¥8.54 | 2.5% +CN¥1.2b | -6.7% | PE12.2x | |
| 002128 Inner Mongolia Dian Tou Energy | CN¥21.37 | 2.4% +CN¥1.1b | 55.6% | PE8.9x |
