An Intrinsic Calculation For Shanghai M&G Stationery Inc. (SHSE:603899) Suggests It's 27% Undervalued
Apr 24
Chinese (SSE) Commercial Services Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies112
- 7D-0.5%
- 3M-8.6%
- 1Y-16.7%
- YTD-14.0%
The Commercial Services industry is up 3.5% in the last week, with Beijing GeoEnviron Engineering & Technology up 6.5%. However, the industry is down 17% over the past year. Looking forward, earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Chinese Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | CN¥482.0b | CN¥347.4b | CN¥11.3b | 27.3x | 42.7x | 1.4x |
| Sat, 23 Mar 2024 | CN¥510.6b | CN¥348.2b | CN¥10.1b | 31.3x | 50.5x | 1.5x |
| Mon, 19 Feb 2024 | CN¥446.5b | CN¥351.2b | CN¥2.8b | 25x | 157.3x | 1.3x |
| Wed, 17 Jan 2024 | CN¥540.5b | CN¥351.1b | CN¥2.8b | 31.3x | 190.8x | 1.5x |
| Fri, 15 Dec 2023 | CN¥559.5b | CN¥348.8b | CN¥2.7b | 33x | 205.6x | 1.6x |
| Sun, 12 Nov 2023 | CN¥550.6b | CN¥329.5b | CN¥1.3b | 32.9x | 417.4x | 1.7x |
| Tue, 10 Oct 2023 | CN¥555.0b | CN¥322.1b | CN¥8.7b | 33.4x | 64x | 1.7x |
| Thu, 07 Sep 2023 | CN¥567.1b | CN¥314.3b | CN¥8.7b | 30.3x | 64.9x | 1.8x |
| Sat, 05 Aug 2023 | CN¥575.9b | CN¥308.4b | CN¥9.4b | 31.6x | 61.4x | 1.9x |
| Mon, 03 Jul 2023 | CN¥564.2b | CN¥308.3b | CN¥9.3b | 31.2x | 60.4x | 1.8x |
| Wed, 31 May 2023 | CN¥567.8b | CN¥309.2b | CN¥9.9b | 31.2x | 57.4x | 1.8x |
| Fri, 28 Apr 2023 | CN¥539.6b | CN¥303.5b | CN¥9.5b | 31.2x | 56.6x | 1.8x |
| Sun, 26 Mar 2023 | CN¥573.9b | CN¥290.0b | CN¥6.6b | 32x | 87.3x | 2x |
| Tue, 21 Feb 2023 | CN¥584.3b | CN¥289.5b | CN¥8.2b | 28.8x | 70.9x | 2x |
| Thu, 19 Jan 2023 | CN¥544.9b | CN¥289.5b | CN¥8.2b | 26.8x | 66.1x | 1.9x |
| Sat, 17 Dec 2022 | CN¥541.7b | CN¥289.0b | CN¥8.2b | 27x | 66.4x | 1.9x |
| Mon, 14 Nov 2022 | CN¥544.7b | CN¥292.1b | CN¥8.8b | 27.9x | 61.6x | 1.9x |
| Wed, 12 Oct 2022 | CN¥504.2b | CN¥290.0b | CN¥9.1b | 26x | 55.1x | 1.7x |
| Fri, 09 Sep 2022 | CN¥564.6b | CN¥290.0b | CN¥11.0b | 29.4x | 51.4x | 1.9x |
| Sun, 07 Aug 2022 | CN¥552.1b | CN¥300.2b | CN¥8.3b | 29.5x | 66.6x | 1.8x |
| Tue, 05 Jul 2022 | CN¥565.1b | CN¥297.9b | CN¥8.0b | 30.5x | 70.7x | 1.9x |
| Thu, 02 Jun 2022 | CN¥525.7b | CN¥297.8b | CN¥6.0b | 28.7x | 88x | 1.8x |
| Sat, 30 Apr 2022 | CN¥467.0b | CN¥304.2b | CN¥9.0b | 26.8x | 52.1x | 1.5x |
| Mon, 28 Mar 2022 | CN¥551.5b | CN¥309.7b | CN¥10.2b | 28.8x | 54x | 1.8x |
| Wed, 23 Feb 2022 | CN¥603.8b | CN¥314.2b | CN¥10.2b | 29.7x | 59.4x | 1.9x |
| Fri, 21 Jan 2022 | CN¥602.2b | CN¥313.7b | CN¥10.1b | 27.9x | 59.6x | 1.9x |
| Sun, 19 Dec 2021 | CN¥627.0b | CN¥312.1b | CN¥9.9b | 31.3x | 63.4x | 2x |
| Tue, 16 Nov 2021 | CN¥575.7b | CN¥311.4b | CN¥9.8b | 29.8x | 58.7x | 1.8x |
| Thu, 14 Oct 2021 | CN¥566.2b | CN¥304.5b | CN¥11.2b | 23.7x | 50.6x | 1.9x |
| Sat, 11 Sep 2021 | CN¥584.3b | CN¥303.4b | CN¥11.0b | 23.5x | 52.9x | 1.9x |
| Mon, 09 Aug 2021 | CN¥539.1b | CN¥301.2b | CN¥10.6b | 23x | 50.8x | 1.8x |
| Sun, 02 May 2021 | CN¥552.9b | CN¥291.0b | CN¥14.4b | 22.9x | 38.5x | 1.9x |
Price to Earnings Ratio
38.5x
Current Industry PE
- Investors are pessimistic on the Chinese Commercial Services 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 42.7x which is lower than its 3-year average PE of 79.9x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 8.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.1% 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 | -0.42% | |
| Industrials | -0.78% | |
| Commercial Services | -0.55% | |
| Security and Alarm Services | 11.44% | |
| Diversified Support Services | 1.18% | |
| Environmental and Facilities Services | -0.61% | |
| Commercial Printing | -1.52% | |
| Office Services and Supplies | -1.64% | |
Industry PE
- Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 42.2%, which is higher than its past year's earnings decline of 33.5% per year.
- Investors are most pessimistic about the Office Services and Supplies industry, which is trading below its 3-year average of 93.9x.
Forecasted Growth
- Analysts are most optimistic on the Commercial Printing industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 34% per year.
- In contrast, the Office Services and Supplies industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| 603588 Beijing GeoEnviron Engineering & Technology | CN¥6.55 | 6.5% +CN¥614.8m | -32.6% | PE13.5x | |
| 2989 Shenzhen Strongteam Decoration Engineering | CN¥18.72 | 14.0% +CN¥417.9m | 31.9% | PE55.1x | |
| 300203 Focused Photonics (Hangzhou) | CN¥11.70 | 8.3% +CN¥403.9m | -47.5% | PS1.7x | |
| 603373 Anbang Save-Guard GroupLtd | CN¥35.31 | 11.7% +CN¥396.8m | n/a | PE31.6x | |
| 301038 Shenzhen Water Planning & Design Institute | CN¥15.77 | 15.1% +CN¥355.2m | 4.6% | PS3.5x |
