Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Looks Inexpensive But Perhaps Not Attractive Enough
Jul 26
Chinese (SSE) Building Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies52
- 7D-3.6%
- 3M-18.7%
- 1Y-34.8%
- YTD-25.7%
Over the last 7 days, the Building industry has dropped 3.6%, driven by declines in Zhejiang Weixing New Building Materials and Beijing New Building Materials of 5.5% and 2.7%, respectively. In contrast, Guangdong Shenling Environmental Systems has gained 12%. However, the industry is down 35% over the past year. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Chinese Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥223.8b | CN¥173.2b | CN¥11.8b | 16.9x | 18.9x | 1.3x |
| Sun, 23 Jun 2024 | CN¥243.8b | CN¥173.2b | CN¥11.8b | 19x | 20.6x | 1.4x |
| Tue, 21 May 2024 | CN¥295.5b | CN¥173.7b | CN¥12.1b | 21.6x | 24.4x | 1.7x |
| Thu, 18 Apr 2024 | CN¥266.7b | CN¥162.2b | CN¥10.3b | 21.2x | 25.9x | 1.6x |
| Sat, 16 Mar 2024 | CN¥278.2b | CN¥166.2b | CN¥9.1b | 21.4x | 30.7x | 1.7x |
| Mon, 12 Feb 2024 | CN¥247.7b | CN¥165.6b | CN¥8.5b | 19.4x | 29.1x | 1.5x |
| Wed, 10 Jan 2024 | CN¥285.2b | CN¥165.6b | CN¥8.5b | 23.8x | 33.5x | 1.7x |
| Fri, 08 Dec 2023 | CN¥287.0b | CN¥166.1b | CN¥8.7b | 22.5x | 33x | 1.7x |
| Sun, 05 Nov 2023 | CN¥298.2b | CN¥166.0b | CN¥8.7b | 23.8x | 34.4x | 1.8x |
| Tue, 03 Oct 2023 | CN¥318.3b | CN¥164.3b | CN¥7.9b | 25.6x | 40.2x | 1.9x |
| Thu, 31 Aug 2023 | CN¥333.6b | CN¥164.3b | CN¥7.7b | 26.7x | 43.3x | 2x |
| Sat, 29 Jul 2023 | CN¥343.9b | CN¥163.3b | CN¥7.2b | 26.1x | 48x | 2.1x |
| Mon, 26 Jun 2023 | CN¥316.3b | CN¥163.3b | CN¥7.2b | 23.8x | 44.1x | 1.9x |
| Wed, 24 May 2023 | CN¥328.1b | CN¥163.8b | CN¥6.8b | 24x | 48.1x | 2x |
| Fri, 21 Apr 2023 | CN¥362.0b | CN¥173.0b | CN¥7.5b | 23.6x | 48.1x | 2.1x |
| Sun, 19 Mar 2023 | CN¥367.1b | CN¥171.7b | CN¥7.4b | 24.5x | 49.9x | 2.1x |
| Tue, 14 Feb 2023 | CN¥396.4b | CN¥170.9b | CN¥7.4b | 25.5x | 53.5x | 2.3x |
| Thu, 12 Jan 2023 | CN¥379.5b | CN¥170.4b | CN¥7.4b | 24.6x | 51.4x | 2.2x |
| Sat, 10 Dec 2022 | CN¥369.2b | CN¥170.3b | CN¥7.4b | 25.1x | 50.1x | 2.2x |
| Mon, 07 Nov 2022 | CN¥328.8b | CN¥160.9b | CN¥6.5b | 22.1x | 50.7x | 2x |
| Wed, 05 Oct 2022 | CN¥333.4b | CN¥164.9b | CN¥8.8b | 26.4x | 37.8x | 2x |
| Fri, 02 Sep 2022 | CN¥348.0b | CN¥164.8b | CN¥9.7b | 32.9x | 35.7x | 2.1x |
| Sun, 31 Jul 2022 | CN¥348.4b | CN¥165.2b | CN¥10.9b | 35.7x | 32x | 2.1x |
| Tue, 28 Jun 2022 | CN¥361.6b | CN¥165.4b | CN¥11.0b | 35.1x | 32.9x | 2.2x |
| Thu, 26 May 2022 | CN¥310.6b | CN¥165.1b | CN¥11.3b | 29.7x | 27.6x | 1.9x |
| Sat, 23 Apr 2022 | CN¥312.9b | CN¥164.3b | CN¥14.0b | 23.2x | 22.3x | 1.9x |
| Mon, 21 Mar 2022 | CN¥351.5b | CN¥161.5b | CN¥14.1b | 26.4x | 24.9x | 2.2x |
| Wed, 16 Feb 2022 | CN¥389.9b | CN¥160.0b | CN¥14.3b | 27.8x | 27.3x | 2.4x |
| Fri, 14 Jan 2022 | CN¥414.6b | CN¥160.0b | CN¥14.4b | 28.6x | 28.8x | 2.6x |
| Sun, 12 Dec 2021 | CN¥401.7b | CN¥158.7b | CN¥14.2b | 26.4x | 28.2x | 2.5x |
| Tue, 09 Nov 2021 | CN¥346.4b | CN¥158.5b | CN¥14.3b | 22.4x | 24.3x | 2.2x |
| Thu, 07 Oct 2021 | CN¥356.5b | CN¥151.8b | CN¥14.3b | 23.9x | 25x | 2.3x |
| Sat, 04 Sep 2021 | CN¥411.1b | CN¥151.3b | CN¥14.0b | 24.9x | 29.3x | 2.7x |
| Mon, 02 Aug 2021 | CN¥405.2b | CN¥150.8b | CN¥13.9b | 24.3x | 29.1x | 2.7x |
Price to Earnings Ratio
29.1x
Current Industry PE
- Investors are pessimistic on the Chinese Building 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 18.9x which is lower than its 3-year average PE of 34.9x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Building industry have declined 5.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Industrials industry?
| CN Market | -3.39% | |
| Industrials | -1.25% | |
| Building | -3.62% | |
| Building Products | -3.62% | |
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 | |
|---|---|---|---|---|---|
| 301018 Guangdong Shenling Environmental Systems | CN¥20.26 | 11.6% +CN¥558.7m | -32.0% | PE47.3x | |
| 600444 Sinomach General Machinery Science & TechnologyLtd | CN¥11.88 | 7.7% +CN¥124.5m | -13.6% | PE43.2x | |
| 603137 Jiangsu Hengshang Energy Conservation Technology | CN¥10.49 | 5.1% +CN¥93.3m | -33.2% | PE17.1x | |
| 300198 Fujian Newchoice Pipe Technology | CN¥1.26 | 7.7% +CN¥92.8m | -57.3% | PS3.5x | |
| 300629 Guangdong Kingstrong Technology | CN¥16.93 | 2.1% +CN¥87.8m | -18.8% | PE29.3x |
