Has the Chinese Commercial Services Industry valuation changed over the past few years?
|Mon, 29 Nov 2021||CN¥597.3b||CN¥312.2b||CN¥9.9b||30.7x|
|Wed, 27 Oct 2021||CN¥553.0b||CN¥305.5b||CN¥10.9b||24.4x|
|Fri, 24 Sep 2021||CN¥606.3b||CN¥304.5b||CN¥11.2b||25.9x|
|Sun, 22 Aug 2021||CN¥547.8b||CN¥302.9b||CN¥10.9b||23.1x|
|Fri, 09 Jul 2021||CN¥550.4b||CN¥301.2b||CN¥10.6b||22.4x|
|Thu, 01 Apr 2021||CN¥592.9b||CN¥291.0b||CN¥14.4b||25.3x|
|Sun, 03 Jan 2021||CN¥489.9b||CN¥266.1b||CN¥11.7b||22.4x|
|Wed, 07 Oct 2020||CN¥499.3b||CN¥260.8b||CN¥14.3b||31.2x|
|Tue, 30 Jun 2020||CN¥441.1b||CN¥259.1b||CN¥12.7b||29.6x|
|Fri, 03 Apr 2020||CN¥395.0b||CN¥248.4b||CN¥11.6b||24.7x|
|Mon, 06 Jan 2020||CN¥371.5b||CN¥245.9b||CN¥11.5b||31.1x|
|Thu, 10 Oct 2019||CN¥354.5b||CN¥226.9b||CN¥9.0b||25.8x|
|Wed, 03 Jul 2019||CN¥391.6b||CN¥218.6b||CN¥9.2b||28.2x|
|Sat, 06 Apr 2019||CN¥419.0b||CN¥217.7b||CN¥9.0b||30x|
|Tue, 08 Jan 2019||CN¥320.8b||CN¥218.3b||CN¥11.0b||24.2x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 26.5x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Commercial Services industry have declined 9.2% per year over the last three years, while revenues for these companies have grown 12% 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.
Which industries have driven the changes within the Chinese Commercial Services industry?
|Environmental and Facilities Services||3.76%|
|Diversified Support Services||1.21%|
|Office Services and Supplies||-1.25%|
|Security and Alarm Services||-2.00%|
Industry PE: Investors are most optimistic about the Office Services and Supplies industry, which is trading close to its 3-year average PE ratio of 41.2x. This is likely because analysts are expecting annual earnings growth of 24%, which is higher than its past year's earnings decline of 1.9% per year. Meanwhile, investors are most pessimistic about the Environmental and Facilities Services industry, which is trading close to its 3-year average of 23.0x.
Forecasted Growth: Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 27% over the next 5 years. This is better than it's past earnings growth rate of 2.5% per year. Meanwhile, the Commercial Printing industry is expected to see its earnings grow by 10% per year over the next few years.
Which companies have driven the market over the last 7 days?
|603568 Zhejiang Weiming Environment Protection||22.5%+CN¥8.2b||72.5%||PE29x|
|812 Shaanxi Jinye Science Technology and Education GroupLtd||53.9%+CN¥1.4b||71.8%||PE156.1x|
|300774 BGT Group||12.8%+CN¥1.1b||n/a||n/a|
|2374 Shandong Chiway Industry DevelopmentLtd||30.5%+CN¥857.3m||33.6%||PS5.2x|
|300631 JiangSu JiuWu Hi-Tech||15.5%+CN¥834.3m||169.1%||PE88.5x|
Zhejiang Weiming Environment Protection
JiangSu JiuWu Hi-Tech
Focused Photonics (Hangzhou)
Loctek Ergonomic Technology
Shanghai Guao Electronic Technology
Shandong Chiway Industry DevelopmentLtd
EIT Environmental Development GroupLtd
Beijing Originwater Technology
Shanghai M&G Stationery