Does Shenzhen Megmeet Electrical (SZSE:002851) Have A Healthy Balance Sheet?
Dec 19
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Chinese (SSE) Industrials Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies1325
- 7D-1.6%
- 3M29.3%
- 1Y13.7%
- YTD10.7%
Over the last 7 days, the Industrials industry has dropped 3.7%, driven by a pullback from Contemporary Amperex Technology of 1.6%. On the other hand Shenzhen Megmeet Electrical is actually up 40%. In the past year, the industry has gained 14%. Earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Chinese Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CN¥14.9t | CN¥16.4t | CN¥552.2b | 33.7x | 26.9x | 0.9x |
| Mon, 18 Nov 2024 | CN¥14.7t | CN¥16.4t | CN¥549.9b | 32.3x | 26.7x | 0.9x |
| Wed, 16 Oct 2024 | CN¥13.5t | CN¥16.6t | CN¥572.9b | 29.6x | 23.6x | 0.8x |
| Fri, 13 Sep 2024 | CN¥11.4t | CN¥16.6t | CN¥572.1b | 24.8x | 19.9x | 0.7x |
| Sun, 11 Aug 2024 | CN¥11.8t | CN¥16.7t | CN¥585.3b | 26x | 20.1x | 0.7x |
| Tue, 09 Jul 2024 | CN¥11.7t | CN¥16.7t | CN¥582.7b | 25.4x | 20x | 0.7x |
| Thu, 06 Jun 2024 | CN¥12.8t | CN¥16.7t | CN¥578.5b | 28x | 22.1x | 0.8x |
| Sat, 04 May 2024 | CN¥12.9t | CN¥16.7t | CN¥582.1b | 29x | 22.2x | 0.8x |
| Mon, 01 Apr 2024 | CN¥12.9t | CN¥15.6t | CN¥535.9b | 29.3x | 24x | 0.8x |
| Wed, 28 Feb 2024 | CN¥12.4t | CN¥19.3t | CN¥563.5b | 28.7x | 22x | 0.6x |
| Fri, 26 Jan 2024 | CN¥12.4t | CN¥16.6t | CN¥556.1b | 29x | 22.2x | 0.7x |
| Sun, 24 Dec 2023 | CN¥12.7t | CN¥16.5t | CN¥557.8b | 30.8x | 22.7x | 0.8x |
| Tue, 21 Nov 2023 | CN¥13.5t | CN¥16.5t | CN¥558.6b | 33.9x | 24.2x | 0.8x |
| Thu, 19 Oct 2023 | CN¥13.2t | CN¥16.3t | CN¥538.7b | 31.4x | 24.4x | 0.8x |
| Sat, 16 Sep 2023 | CN¥13.7t | CN¥16.3t | CN¥536.9b | 32.9x | 25.5x | 0.8x |
| Mon, 14 Aug 2023 | CN¥14.4t | CN¥16.2t | CN¥524.7b | 34x | 27.5x | 0.9x |
| Wed, 12 Jul 2023 | CN¥14.8t | CN¥16.1t | CN¥516.4b | 36.4x | 28.7x | 0.9x |
| Fri, 09 Jun 2023 | CN¥14.1t | CN¥16.1t | CN¥513.7b | 33.5x | 27.4x | 0.9x |
| Sun, 07 May 2023 | CN¥14.6t | CN¥16.0t | CN¥509.8b | 33x | 28.6x | 0.9x |
| Tue, 04 Apr 2023 | CN¥14.6t | CN¥15.3t | CN¥475.8b | 35x | 30.7x | 1x |
| Thu, 02 Mar 2023 | CN¥14.9t | CN¥15.2t | CN¥459.9b | 36.5x | 32.4x | 1x |
| Sat, 28 Jan 2023 | CN¥14.6t | CN¥15.2t | CN¥455.6b | 33.9x | 32.1x | 1x |
| Mon, 26 Dec 2022 | CN¥13.4t | CN¥15.1t | CN¥454.9b | 30.9x | 29.4x | 0.9x |
| Wed, 23 Nov 2022 | CN¥14.0t | CN¥15.1t | CN¥454.0b | 33.9x | 30.9x | 0.9x |
| Fri, 21 Oct 2022 | CN¥14.0t | CN¥14.8t | CN¥451.8b | 32x | 30.9x | 0.9x |
| Sun, 18 Sep 2022 | CN¥13.9t | CN¥14.8t | CN¥451.6b | 32.5x | 30.8x | 0.9x |
| Tue, 16 Aug 2022 | CN¥15.3t | CN¥14.7t | CN¥464.3b | 36.6x | 32.9x | 1x |
| Thu, 14 Jul 2022 | CN¥14.8t | CN¥14.6t | CN¥461.0b | 33.6x | 32.1x | 1x |
| Sat, 11 Jun 2022 | CN¥13.5t | CN¥14.6t | CN¥455.4b | 32.1x | 29.6x | 0.9x |
| Mon, 09 May 2022 | CN¥11.8t | CN¥14.5t | CN¥454.9b | 27.6x | 25.8x | 0.8x |
| Wed, 06 Apr 2022 | CN¥13.4t | CN¥13.9t | CN¥490.9b | 31.3x | 27.3x | 1x |
| Fri, 04 Mar 2022 | CN¥14.6t | CN¥13.8t | CN¥497.7b | 34.7x | 29.4x | 1.1x |
| Sun, 30 Jan 2022 | CN¥14.3t | CN¥13.7t | CN¥496.3b | 34x | 28.8x | 1x |
| Tue, 28 Dec 2021 | CN¥15.5t | CN¥13.7t | CN¥495.1b | 37.4x | 31.3x | 1.1x |
Price to Earnings Ratio
31.3x
Current Industry PE
- Investors are relatively neutral on the Chinese Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 26.8x.
- The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 3.7% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 Industrials sector?
| CN Market | -1.18% | |
| Industrials | -1.61% | |
| Infrastructure | -0.61% | |
| Aerospace & Defense | -0.70% | |
| Electrical | -0.82% | |
| Construction | -1.30% | |
| Industrials | -1.57% | |
| Marine and Shipping | -1.66% | |
| Machinery | -2.00% | |
| Transportation | -2.06% | |
| Trade Distributors | -2.52% | |
| Logistics | -2.69% | |
| Professional Services | -3.03% | |
| Commercial Services | -3.79% | |
| Building | -3.96% | |
| Airlines | -4.99% | |
Industry PE
- Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 66.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 76% over the next 5 years.
- This is better than its past earnings growth rate of 58% per year.
- In contrast, the Infrastructure industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| 002851 Shenzhen Megmeet Electrical | CN¥56.17 | 40.0% +CN¥8.4b | 148.0% | PE52.8x | |
| 002625 Kuang-Chi Technologies | CN¥43.98 | 6.7% +CN¥6.0b | 207.3% | PE140.5x | |
| 002130 ShenZhen Woer Heat-Shrinkable MaterialLtd | CN¥24.96 | 21.1% +CN¥5.4b | 254.0% | PE35.5x | |
| 001965 China Merchants Expressway Network & Technology HoldingsLtd | CN¥13.06 | 5.7% +CN¥4.8b | 31.8% | PE13.6x | |
| 600150 China CSSC Holdings | CN¥35.67 | 2.8% +CN¥4.3b | 21.7% | PE59.8x |
