Returns On Capital Are Showing Encouraging Signs At Shandong Xinchao Energy (SHSE:600777)
Aug 15
Chinese (SSE) Oil and Gas Industry Analysis
UpdatedAug 24, 2024
DataAggregated Company Financials
Companies45
- 7D-3.5%
- 3M-17.8%
- 1Y8.9%
- YTD-8.0%
Over the last 7 days, the Oil and Gas industry has dropped 2.9%, driven by Shaanxi Coal Industry declining 2.5%. In the past year, the industry has gained 7.7%. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 24 Aug 2024 | CN¥831.6b | CN¥774.2b | CN¥75.1b | 12.1x | 11.1x | 1.1x |
| Mon, 22 Jul 2024 | CN¥886.5b | CN¥776.7b | CN¥76.8b | 12.8x | 11.5x | 1.1x |
| Wed, 19 Jun 2024 | CN¥998.8b | CN¥776.7b | CN¥76.8b | 13.7x | 13x | 1.3x |
| Fri, 17 May 2024 | CN¥993.3b | CN¥776.9b | CN¥76.8b | 13.8x | 12.9x | 1.3x |
| Sun, 14 Apr 2024 | CN¥1.0t | CN¥834.9b | CN¥94.0b | 13x | 10.8x | 1.2x |
| Tue, 12 Mar 2024 | CN¥1.0t | CN¥837.7b | CN¥99.8b | 12.3x | 10.1x | 1.2x |
| Thu, 08 Feb 2024 | CN¥914.0b | CN¥837.4b | CN¥100.3b | 11.1x | 9.1x | 1.1x |
| Sat, 06 Jan 2024 | CN¥930.2b | CN¥837.2b | CN¥100.0b | 11.8x | 9.3x | 1.1x |
| Mon, 04 Dec 2023 | CN¥874.5b | CN¥837.2b | CN¥100.0b | 11.6x | 8.7x | 1x |
| Wed, 01 Nov 2023 | CN¥819.6b | CN¥858.3b | CN¥101.0b | 10.5x | 8.1x | 1x |
| Fri, 29 Sep 2023 | CN¥844.7b | CN¥875.7b | CN¥108.5b | 9.7x | 7.8x | 1x |
| Sun, 27 Aug 2023 | CN¥764.0b | CN¥879.8b | CN¥127.0b | 10.1x | 6x | 0.9x |
| Tue, 25 Jul 2023 | CN¥781.4b | CN¥908.0b | CN¥136.2b | 8.7x | 5.7x | 0.9x |
| Thu, 22 Jun 2023 | CN¥787.3b | CN¥907.7b | CN¥135.3b | 8.4x | 5.8x | 0.9x |
| Sat, 20 May 2023 | CN¥882.0b | CN¥908.1b | CN¥135.5b | 8.8x | 6.5x | 1x |
| Mon, 17 Apr 2023 | CN¥874.4b | CN¥907.5b | CN¥130.6b | 11.2x | 6.7x | 1x |
| Wed, 15 Mar 2023 | CN¥856.2b | CN¥872.0b | CN¥122.6b | 8.3x | 7x | 1x |
| Fri, 10 Feb 2023 | CN¥857.3b | CN¥868.1b | CN¥123.4b | 8.7x | 6.9x | 1x |
| Sun, 08 Jan 2023 | CN¥788.5b | CN¥868.8b | CN¥123.6b | 8.3x | 6.4x | 0.9x |
| Tue, 06 Dec 2022 | CN¥860.2b | CN¥868.5b | CN¥123.6b | 9.1x | 7x | 1x |
| Thu, 03 Nov 2022 | CN¥839.6b | CN¥868.2b | CN¥123.6b | 8.2x | 6.8x | 1x |
| Sat, 01 Oct 2022 | CN¥920.3b | CN¥837.7b | CN¥117.0b | 9.3x | 7.9x | 1.1x |
| Mon, 29 Aug 2022 | CN¥980.7b | CN¥826.3b | CN¥98.1b | 14.5x | 10x | 1.2x |
| Wed, 27 Jul 2022 | CN¥845.9b | CN¥792.5b | CN¥88.1b | 13x | 9.6x | 1.1x |
| Fri, 24 Jun 2022 | CN¥845.6b | CN¥789.0b | CN¥87.9b | 12.9x | 9.6x | 1.1x |
| Sun, 22 May 2022 | CN¥808.8b | CN¥789.0b | CN¥88.2b | 13.2x | 9.2x | 1x |
| Tue, 19 Apr 2022 | CN¥799.7b | CN¥742.0b | CN¥71.7b | 14.4x | 11.2x | 1.1x |
| Thu, 17 Mar 2022 | CN¥715.4b | CN¥718.6b | CN¥65.3b | 13x | 11x | 1x |
| Sat, 12 Feb 2022 | CN¥748.7b | CN¥673.8b | CN¥59.3b | 16.4x | 12.6x | 1.1x |
| Mon, 10 Jan 2022 | CN¥693.5b | CN¥642.0b | CN¥58.6b | 15.4x | 11.8x | 1.1x |
| Wed, 08 Dec 2021 | CN¥700.0b | CN¥642.0b | CN¥58.6b | 14.4x | 11.9x | 1.1x |
| Fri, 05 Nov 2021 | CN¥689.7b | CN¥642.0b | CN¥58.6b | 14.6x | 11.8x | 1.1x |
| Sun, 03 Oct 2021 | CN¥884.5b | CN¥591.9b | CN¥51.2b | 18.5x | 17.3x | 1.5x |
| Tue, 31 Aug 2021 | CN¥822.8b | CN¥591.6b | CN¥51.2b | 17.6x | 16.1x | 1.4x |
Price to Earnings Ratio
16.1x
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 10.9x which is higher than its 3-year average PE of 9.6x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 9.4% 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 | -2.33% | |
| Energy | -3.55% | |
| Oil and Gas | -3.47% | |
| Oil and Gas Storage and Transportation | -0.86% | |
| Oil and Gas Exploration and Production | -3.12% | |
| Coal and Fuels | -3.88% | |
| Oil and Gas Refining and Marketing | -4.95% | |
| Integrated Oil and Gas | -6.17% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry, which is trading close to its 3-year average PE ratio of 38.0x.
- Analysts are expecting annual earnings growth of 57.2%, which is higher than its past year's earnings growth of 46.4% per year.
- Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings growth rate of 46% per year.
- In contrast, the Coal and Fuels industry is expected to see its earnings grow by 9.4% 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 | |
|---|---|---|---|---|---|
| 601872 China Merchants Energy Shipping | CN¥8.15 | 1.0% +CN¥651.5m | 34.3% | PE13x | |
| 603223 Hengtong Logistics | CN¥8.46 | 1.7% +CN¥98.8m | -29.3% | PE51x | |
| 600777 Shandong Xinchao Energy | CN¥1.84 | 0.5% +CN¥68.0m | -28.7% | PE4.9x | |
| 603003 Shanghai Lonyer Data | CN¥4.70 | 0.9% +CN¥14.5m | -44.4% | PE31x |
