We Think That There Are Issues Underlying Kuang-Chi Technologies' (SZSE:002625) Earnings
May 05
Chinese (SSE) Aerospace & Defense Industry Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies63
- 7D-0.3%
- 3M23.2%
- 1Y-13.9%
- YTD-7.2%
Over the last 7 days, the Aerospace & Defense industry has remained flat, although notably AVIC (Chengdu)UAS declined by 7.2%. As for the longer term, the industry has declined 14% in the last year. As for the next few years, earnings are expected to grow by 28% per annum.
Industry Valuation and Performance
Has the Chinese Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 May 2024 | CN¥824.8b | CN¥276.2b | CN¥13.7b | 62.8x | 60.2x | 3x |
| Tue, 02 Apr 2024 | CN¥837.0b | CN¥275.4b | CN¥12.2b | 64.5x | 68.4x | 3x |
| Thu, 29 Feb 2024 | CN¥750.2b | CN¥257.3b | CN¥12.2b | 52x | 61.6x | 2.9x |
| Sat, 27 Jan 2024 | CN¥809.2b | CN¥272.8b | CN¥13.8b | 52.3x | 58.6x | 3x |
| Mon, 25 Dec 2023 | CN¥894.1b | CN¥272.3b | CN¥13.7b | 58.6x | 65.4x | 3.3x |
| Wed, 22 Nov 2023 | CN¥970.8b | CN¥273.0b | CN¥13.7b | 61.9x | 71.1x | 3.6x |
| Fri, 20 Oct 2023 | CN¥916.8b | CN¥279.3b | CN¥13.4b | 61.2x | 68.5x | 3.3x |
| Sun, 17 Sep 2023 | CN¥971.6b | CN¥277.3b | CN¥13.2b | 63.2x | 73.8x | 3.5x |
| Tue, 15 Aug 2023 | CN¥957.1b | CN¥260.2b | CN¥11.9b | 68.8x | 80.2x | 3.7x |
| Thu, 13 Jul 2023 | CN¥972.3b | CN¥256.1b | CN¥11.3b | 73.7x | 85.9x | 3.8x |
| Sat, 10 Jun 2023 | CN¥914.0b | CN¥256.1b | CN¥11.3b | 71.8x | 80.7x | 3.6x |
| Mon, 08 May 2023 | CN¥920.2b | CN¥254.5b | CN¥11.1b | 76x | 82.8x | 3.6x |
| Wed, 05 Apr 2023 | CN¥905.0b | CN¥248.1b | CN¥11.7b | 71.6x | 77.4x | 3.6x |
| Fri, 03 Mar 2023 | CN¥937.7b | CN¥245.8b | CN¥11.7b | 76.9x | 79.8x | 3.8x |
| Sun, 29 Jan 2023 | CN¥899.0b | CN¥246.0b | CN¥12.0b | 66.6x | 74.7x | 3.7x |
| Tue, 27 Dec 2022 | CN¥837.7b | CN¥245.8b | CN¥12.0b | 63.3x | 69.8x | 3.4x |
| Thu, 24 Nov 2022 | CN¥956.9b | CN¥247.1b | CN¥12.4b | 65.6x | 77.3x | 3.9x |
| Sat, 22 Oct 2022 | CN¥955.5b | CN¥246.0b | CN¥12.8b | 65.3x | 74.4x | 3.9x |
| Mon, 19 Sep 2022 | CN¥978.2b | CN¥245.6b | CN¥12.8b | 65.7x | 76.7x | 4x |
| Wed, 17 Aug 2022 | CN¥1.0t | CN¥237.9b | CN¥12.2b | 69.7x | 84.9x | 4.4x |
| Fri, 15 Jul 2022 | CN¥983.4b | CN¥237.7b | CN¥12.1b | 62.7x | 81x | 4.1x |
| Sun, 12 Jun 2022 | CN¥888.1b | CN¥234.4b | CN¥11.7b | 60.3x | 76x | 3.8x |
| Tue, 10 May 2022 | CN¥808.2b | CN¥234.0b | CN¥11.6b | 55.6x | 69.4x | 3.5x |
| Thu, 07 Apr 2022 | CN¥854.3b | CN¥224.5b | CN¥12.2b | 55.4x | 69.8x | 3.8x |
| Sat, 05 Mar 2022 | CN¥944.4b | CN¥223.2b | CN¥12.4b | 60.5x | 76.1x | 4.2x |
| Mon, 31 Jan 2022 | CN¥919.0b | CN¥223.2b | CN¥12.5b | 61.1x | 73.2x | 4.1x |
| Wed, 29 Dec 2021 | CN¥1.1t | CN¥222.8b | CN¥12.5b | 74x | 88.9x | 5x |
| Fri, 26 Nov 2021 | CN¥1.1t | CN¥222.1b | CN¥12.2b | 73.5x | 87.6x | 4.8x |
| Sun, 24 Oct 2021 | CN¥960.8b | CN¥215.9b | CN¥11.5b | 65.8x | 83.4x | 4.4x |
| Tue, 21 Sep 2021 | CN¥942.6b | CN¥215.2b | CN¥11.3b | 68.8x | 83.7x | 4.4x |
| Thu, 19 Aug 2021 | CN¥1.0t | CN¥215.2b | CN¥11.2b | 76.3x | 92.5x | 4.8x |
| Thu, 03 Jun 2021 | CN¥852.2b | CN¥204.9b | CN¥10.8b | 65.4x | 79.2x | 4.2x |
Price to Earnings Ratio
79.2x
Current Industry PE
- Investors are pessimistic on the Chinese Aerospace & Defense 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 60.2x which is lower than its 3-year average PE of 76.3x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Aerospace & Defense industry have grown 8.4% 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 industry?
| CN Market | 1.22% | |
| Industrials | 0.56% | |
| Aerospace & Defense | -0.29% | |
| Aerospace and Defense | -0.29% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600760 AVIC Shenyang Aircraft | CN¥38.70 | 1.9% +CN¥2.0b | -3.3% | PE34.6x | |
| 2625 Kuang-Chi Technologies | CN¥19.61 | 3.3% +CN¥1.4b | 12.8% | PE68.2x | |
| 600893 AECC Aviation PowerLtd | CN¥35.36 | 1.1% +CN¥1.1b | -16.1% | PE63.3x | |
| 768 AVIC Xi'an Aircraft Industry Group | CN¥22.32 | 1.7% +CN¥1.0b | -11.8% | PE69.1x | |
| 738 Aecc Aero-Engine ControlLtd | CN¥19.56 | 1.8% +CN¥460.3m | -17.8% | PE34.6x |
