Here's Why Shenzhen Inovance TechnologyLtd (SZSE:300124) Can Manage Its Debt Responsibly
Jul 25
Chinese (SSE) Industrials Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies1314
- 7D-1.2%
- 3M-8.4%
- 1Y-20.1%
- YTD-10.1%
Over the last 7 days, the Industrials industry has dropped 1.2%, driven by pullbacks in Shenzhen Inovance TechnologyLtd and China CSSC Holdings of 9.4% and 6.0%, respectively. On the other hand Dazhong Transportation (Group) is actually up 51%. The industry has fallen 20% in the last year. Earnings are forecast to grow by 21% 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, 27 Jul 2024 | CN¥11.8t | CN¥16.7t | CN¥583.4b | 25.7x | 20.3x | 0.7x |
| Mon, 24 Jun 2024 | CN¥12.3t | CN¥16.7t | CN¥582.3b | 27.5x | 21.2x | 0.7x |
| Wed, 22 May 2024 | CN¥13.2t | CN¥16.7t | CN¥576.9b | 29.6x | 22.9x | 0.8x |
| Fri, 19 Apr 2024 | CN¥12.8t | CN¥16.7t | CN¥569.4b | 28.1x | 22.4x | 0.8x |
| Sun, 17 Mar 2024 | CN¥12.9t | CN¥16.7t | CN¥559.3b | 29.7x | 23x | 0.8x |
| Tue, 13 Feb 2024 | CN¥11.5t | CN¥16.6t | CN¥554.7b | 24.8x | 20.8x | 0.7x |
| Thu, 11 Jan 2024 | CN¥12.5t | CN¥16.6t | CN¥556.3b | 30.7x | 22.6x | 0.8x |
| Sat, 09 Dec 2023 | CN¥12.8t | CN¥16.5t | CN¥557.2b | 31.7x | 23x | 0.8x |
| Mon, 06 Nov 2023 | CN¥13.1t | CN¥18.6t | CN¥455.2b | 31.7x | 28.8x | 0.7x |
| Wed, 04 Oct 2023 | CN¥13.7t | CN¥16.3t | CN¥537.3b | 33.7x | 25.5x | 0.8x |
| Fri, 01 Sep 2023 | CN¥14.1t | CN¥16.3t | CN¥544.1b | 33.7x | 25.9x | 0.9x |
| Sun, 30 Jul 2023 | CN¥14.7t | CN¥16.2t | CN¥522.5b | 35.3x | 28.1x | 0.9x |
| Tue, 27 Jun 2023 | CN¥14.3t | CN¥16.1t | CN¥514.0b | 34.5x | 27.7x | 0.9x |
| Thu, 25 May 2023 | CN¥14.4t | CN¥16.1t | CN¥512.3b | 34.6x | 28.1x | 0.9x |
| Sat, 22 Apr 2023 | CN¥14.5t | CN¥15.5t | CN¥480.0b | 33.3x | 30.2x | 0.9x |
| Mon, 20 Mar 2023 | CN¥14.4t | CN¥15.3t | CN¥467.7b | 34.2x | 30.8x | 0.9x |
| Wed, 15 Feb 2023 | CN¥15.1t | CN¥15.2t | CN¥457.6b | 36.7x | 33.1x | 1x |
| Fri, 13 Jan 2023 | CN¥14.1t | CN¥15.1t | CN¥454.1b | 32.7x | 31.1x | 0.9x |
| Sun, 11 Dec 2022 | CN¥14.4t | CN¥15.1t | CN¥453.9b | 33.8x | 31.7x | 1x |
| Tue, 08 Nov 2022 | CN¥14.4t | CN¥15.1t | CN¥452.9b | 34.3x | 31.7x | 1x |
| Thu, 06 Oct 2022 | CN¥13.3t | CN¥14.8t | CN¥449.7b | 30.2x | 29.7x | 0.9x |
| Sat, 03 Sep 2022 | CN¥14.4t | CN¥14.6t | CN¥449.4b | 34.1x | 32x | 1x |
| Mon, 01 Aug 2022 | CN¥15.1t | CN¥14.6t | CN¥462.1b | 35.9x | 32.6x | 1x |
| Wed, 29 Jun 2022 | CN¥14.7t | CN¥14.6t | CN¥457.4b | 34.5x | 32.2x | 1x |
| Fri, 27 May 2022 | CN¥12.5t | CN¥14.5t | CN¥452.8b | 30.3x | 27.7x | 0.9x |
| Sun, 24 Apr 2022 | CN¥12.0t | CN¥14.1t | CN¥488.0b | 28.1x | 24.5x | 0.8x |
| Tue, 22 Mar 2022 | CN¥13.7t | CN¥13.9t | CN¥502.9b | 32.4x | 27.3x | 1x |
| Thu, 17 Feb 2022 | CN¥14.5t | CN¥13.7t | CN¥497.3b | 34.7x | 29.2x | 1.1x |
| Sat, 15 Jan 2022 | CN¥15.1t | CN¥13.7t | CN¥495.1b | 37x | 30.5x | 1.1x |
| Mon, 13 Dec 2021 | CN¥15.8t | CN¥13.7t | CN¥494.0b | 36.9x | 32.1x | 1.2x |
| Wed, 10 Nov 2021 | CN¥15.0t | CN¥13.7t | CN¥493.2b | 34.5x | 30.4x | 1.1x |
| Fri, 08 Oct 2021 | CN¥14.3t | CN¥13.4t | CN¥491.1b | 32.5x | 29.2x | 1.1x |
| Sun, 05 Sep 2021 | CN¥14.6t | CN¥13.4t | CN¥491.2b | 34.5x | 29.6x | 1.1x |
| Tue, 03 Aug 2021 | CN¥13.8t | CN¥13.4t | CN¥490.1b | 32.3x | 28.1x | 1x |
Price to Earnings Ratio
28.1x
Current Industry PE
- Investors are pessimistic on the Chinese Industrials 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 20.3x which is lower than its 3-year average PE of 27.7x.
- The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 6.0% per year over the last three years.
- Revenues for these companies have grown 7.8% 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 | -3.39% | |
| Industrials | -1.25% | |
| Transportation | 2.53% | |
| Infrastructure | 0.96% | |
| Aerospace & Defense | 0.12% | |
| Electrical | -0.52% | |
| Marine and Shipping | -0.61% | |
| Construction | -1.86% | |
| Commercial Services | -1.97% | |
| Industrials | -2.26% | |
| Machinery | -2.27% | |
| Airlines | -2.29% | |
| Logistics | -3.05% | |
| Professional Services | -3.20% | |
| Trade Distributors | -3.60% | |
| Building | -3.62% | |
Industry PE
- Investors are most optimistic about the Industrials industry, which is trading close to its 3-year average PE ratio of 68.9x.
- 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 43% over the next 5 years.
- In contrast, the Transportation industry is expected to see its earnings grow by 8.9% 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 | |
|---|---|---|---|---|---|
| 600611 Dazhong Transportation (Group) | CN¥8.43 | 51.1% +CN¥6.7b | 160.2% | PE81.9x | |
| 601816 Beijing-Shanghai High-Speed Railway | CN¥5.84 | 2.1% +CN¥5.9b | 3.9% | PE23.3x | |
| 002202 Goldwind Science And Technology | CN¥8.24 | 18.2% +CN¥5.4b | -25.6% | PE110.7x | |
| 603606 Ningbo Orient Wires & CablesLtd | CN¥52.40 | 13.5% +CN¥4.3b | 14.4% | PE35.8x | |
| 600522 Jiangsu Zhongtian Technology | CN¥15.49 | 8.6% +CN¥4.2b | -1.6% | PE17.6x |
