There's No Escaping China State Construction Engineering Corporation Limited's (SHSE:601668) Muted Earnings
Apr 09
Chinese (SSE) Industrials Sector Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies1319
- 7D-4.7%
- 3M-1.3%
- 1Y-20.4%
- YTD-6.7%
Over the last 7 days, the Industrials industry has dropped 4.7%, driven by EVE Energy declining 11%. In contrast, CRRC has gained 14%. However, the industry is down 20% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | CN¥12.7t | CN¥16.7t | CN¥570.0b | 26.4x | 22.4x | 0.8x |
| Fri, 15 Mar 2024 | CN¥12.8t | CN¥16.7t | CN¥559.4b | 29.1x | 22.9x | 0.8x |
| Sun, 11 Feb 2024 | CN¥11.5t | CN¥16.6t | CN¥554.7b | 24.8x | 20.8x | 0.7x |
| Tue, 09 Jan 2024 | CN¥12.5t | CN¥16.6t | CN¥558.1b | 31x | 22.4x | 0.8x |
| Thu, 07 Dec 2023 | CN¥12.9t | CN¥16.5t | CN¥557.1b | 32.1x | 23.2x | 0.8x |
| Sat, 04 Nov 2023 | CN¥13.1t | CN¥16.5t | CN¥558.6b | 31.8x | 23.5x | 0.8x |
| Mon, 02 Oct 2023 | CN¥13.7t | CN¥16.3t | CN¥537.1b | 33.6x | 25.5x | 0.8x |
| Wed, 30 Aug 2023 | CN¥14.2t | CN¥16.3t | CN¥531.3b | 34x | 26.7x | 0.9x |
| Fri, 28 Jul 2023 | CN¥14.6t | CN¥16.2t | CN¥522.7b | 35.1x | 27.8x | 0.9x |
| Sun, 25 Jun 2023 | CN¥14.4t | CN¥16.1t | CN¥514.1b | 34.7x | 28.1x | 0.9x |
| Tue, 23 May 2023 | CN¥14.0t | CN¥16.1t | CN¥512.2b | 34.8x | 27.3x | 0.9x |
| Thu, 20 Apr 2023 | CN¥14.8t | CN¥15.5t | CN¥477.4b | 34.7x | 31.1x | 1x |
| Sat, 18 Mar 2023 | CN¥14.4t | CN¥15.3t | CN¥466.3b | 34.3x | 30.9x | 0.9x |
| Mon, 13 Feb 2023 | CN¥15.0t | CN¥15.2t | CN¥457.6b | 35.8x | 32.7x | 1x |
| Wed, 11 Jan 2023 | CN¥14.2t | CN¥15.1t | CN¥455.2b | 32.7x | 31.2x | 0.9x |
| Fri, 09 Dec 2022 | CN¥14.4t | CN¥15.1t | CN¥453.8b | 33.9x | 31.8x | 1x |
| Sun, 06 Nov 2022 | CN¥14.4t | CN¥15.1t | CN¥452.8b | 34.5x | 31.8x | 0.9x |
| Tue, 04 Oct 2022 | CN¥13.3t | CN¥14.8t | CN¥449.6b | 30.2x | 29.7x | 0.9x |
| Thu, 01 Sep 2022 | CN¥14.4t | CN¥13.8t | CN¥455.0b | 33.6x | 31.8x | 1.1x |
| Sat, 30 Jul 2022 | CN¥15.0t | CN¥14.6t | CN¥461.9b | 35.8x | 32.6x | 1x |
| Mon, 27 Jun 2022 | CN¥14.5t | CN¥14.6t | CN¥457.4b | 33.5x | 31.6x | 1x |
| Wed, 25 May 2022 | CN¥12.3t | CN¥14.5t | CN¥453.0b | 29.8x | 27.3x | 0.8x |
| Fri, 22 Apr 2022 | CN¥12.0t | CN¥14.1t | CN¥488.6b | 27.9x | 24.5x | 0.9x |
| Sun, 20 Mar 2022 | CN¥13.7t | CN¥13.9t | CN¥501.6b | 31.9x | 27.2x | 1x |
| Tue, 15 Feb 2022 | CN¥14.2t | CN¥13.7t | CN¥497.2b | 33.5x | 28.5x | 1x |
| Thu, 13 Jan 2022 | CN¥15.4t | CN¥13.7t | CN¥495.6b | 37.8x | 31x | 1.1x |
| Sat, 11 Dec 2021 | CN¥15.8t | CN¥13.7t | CN¥494.0b | 36.6x | 32.1x | 1.2x |
| Mon, 08 Nov 2021 | CN¥14.8t | CN¥13.8t | CN¥496.7b | 33.9x | 29.9x | 1.1x |
| Wed, 06 Oct 2021 | CN¥14.3t | CN¥13.4t | CN¥491.1b | 32.5x | 29.2x | 1.1x |
| Fri, 03 Sep 2021 | CN¥14.6t | CN¥13.4t | CN¥491.2b | 34.5x | 29.6x | 1.1x |
| Sun, 01 Aug 2021 | CN¥13.6t | CN¥13.4t | CN¥490.1b | 31.8x | 27.8x | 1x |
| Wed, 05 May 2021 | CN¥11.9t | CN¥12.5t | CN¥453.0b | 29.4x | 26.2x | 0.9x |
Price to Earnings Ratio
26.2x
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 22.4x which is lower than its 3-year average PE of 28.2x.
- The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 8.0% per year over the last three years.
- Revenues for these companies have grown 10% 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 | -4.85% | |
| Industrials | -4.72% | |
| Infrastructure | 0.72% | |
| Transportation | -1.05% | |
| Construction | -1.77% | |
| Marine and Shipping | -1.79% | |
| Airlines | -2.40% | |
| Logistics | -2.48% | |
| Machinery | -4.82% | |
| Electrical | -5.50% | |
| Aerospace & Defense | -5.53% | |
| Trade Distributors | -7.15% | |
| Building | -9.12% | |
| Industrials | -10.65% | |
| Commercial Services | -10.97% | |
| Professional Services | -11.53% | |
Industry PE
- Investors are most optimistic about the Aerospace & Defense industry even though it's trading below its 3-year average PE ratio of 76.2x.
- Analysts are expecting annual earnings growth of 27.6%, which is higher than its past year's earnings growth of 10.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 51% over the next 5 years.
- In contrast, the Marine and Shipping 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 | |
|---|---|---|---|---|---|
| 601766 CRRC | CN¥7.88 | 18.1% +CN¥34.7b | 16.6% | PE19.3x | |
| 600406 NARI Technology | CN¥25.55 | 8.8% +CN¥16.6b | 14.3% | PE29.5x | |
| 300750 Contemporary Amperex Technology | CN¥195.99 | 1.7% +CN¥14.3b | -14.0% | PE19.2x | |
| 601668 China State Construction Engineering | CN¥5.35 | 5.9% +CN¥12.5b | -15.6% | PE4.4x | |
| 601179 China XD Electric | CN¥7.70 | 40.5% +CN¥11.4b | 39.5% | PE44.6x |
