Qingdao Huicheng Environmental Technology Group Co., Ltd.'s (SZSE:300779) P/S Is Still On The Mark Following 33% Share Price Bounce
Sep 05
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Chinese (SSE) Commercial Services Industry Analysis
UpdatedSep 07, 2024
DataAggregated Company Financials
Companies109
- 7D-1.6%
- 3M-12.0%
- 1Y-28.3%
- YTD-25.9%
The Commercial Services industry is up 1.4% in the last week, with Qingdao Huicheng Environmental Technology Group up 14%. During this same period, the Beijing Originwater Technology underperformed, falling 5.5%. However, the industry is down 29% over the past year. Looking forward, earnings are forecast to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Sat, 07 Sep 2024 | CN¥413.6b | CN¥352.9b | CN¥13.4b | 22.6x | 30.9x | 1.2x |
| Mon, 05 Aug 2024 | CN¥431.7b | CN¥349.1b | CN¥13.5b | 23.9x | 31.9x | 1.2x |
| Wed, 03 Jul 2024 | CN¥446.1b | CN¥349.0b | CN¥13.7b | 24.7x | 32.7x | 1.3x |
| Fri, 31 May 2024 | CN¥492.0b | CN¥349.0b | CN¥12.2b | 28.3x | 40.2x | 1.4x |
| Sun, 28 Apr 2024 | CN¥487.2b | CN¥351.5b | CN¥9.2b | 32x | 52.9x | 1.4x |
| Tue, 26 Mar 2024 | CN¥501.8b | CN¥348.4b | CN¥10.2b | 30.5x | 49.2x | 1.4x |
| Thu, 22 Feb 2024 | CN¥465.1b | CN¥351.2b | CN¥2.8b | 27.1x | 163.8x | 1.3x |
| Sat, 20 Jan 2024 | CN¥522.4b | CN¥351.1b | CN¥2.8b | 29.7x | 184.4x | 1.5x |
| Mon, 18 Dec 2023 | CN¥559.6b | CN¥348.8b | CN¥2.7b | 32.6x | 205.7x | 1.6x |
| Wed, 15 Nov 2023 | CN¥557.5b | CN¥329.5b | CN¥1.3b | 34.1x | 422.5x | 1.7x |
| Fri, 13 Oct 2023 | CN¥554.6b | CN¥322.1b | CN¥8.7b | 33.7x | 63.9x | 1.7x |
| Sun, 10 Sep 2023 | CN¥552.7b | CN¥314.3b | CN¥8.7b | 29.1x | 63.2x | 1.8x |
| Tue, 08 Aug 2023 | CN¥571.7b | CN¥308.4b | CN¥9.4b | 31.4x | 61.1x | 1.9x |
| Thu, 06 Jul 2023 | CN¥565.1b | CN¥308.3b | CN¥9.3b | 30x | 60.5x | 1.8x |
| Sat, 03 Jun 2023 | CN¥567.1b | CN¥309.2b | CN¥9.9b | 31.1x | 57.3x | 1.8x |
| Mon, 01 May 2023 | CN¥550.6b | CN¥306.6b | CN¥9.7b | 31.8x | 57x | 1.8x |
| Wed, 29 Mar 2023 | CN¥567.1b | CN¥290.5b | CN¥6.6b | 31.5x | 86.2x | 2x |
| Fri, 24 Feb 2023 | CN¥586.3b | CN¥289.5b | CN¥8.2b | 30x | 71.1x | 2x |
| Sun, 22 Jan 2023 | CN¥554.3b | CN¥289.5b | CN¥8.2b | 27.3x | 67.3x | 1.9x |
| Tue, 20 Dec 2022 | CN¥529.2b | CN¥289.0b | CN¥8.2b | 26.7x | 64.9x | 1.8x |
| Thu, 17 Nov 2022 | CN¥548.5b | CN¥292.1b | CN¥8.8b | 28.3x | 62x | 1.9x |
| Sat, 15 Oct 2022 | CN¥530.7b | CN¥290.0b | CN¥9.1b | 26.7x | 58x | 1.8x |
| Mon, 12 Sep 2022 | CN¥564.1b | CN¥290.0b | CN¥9.0b | 29.3x | 62.7x | 1.9x |
| Wed, 10 Aug 2022 | CN¥552.8b | CN¥300.1b | CN¥8.3b | 29.4x | 67x | 1.8x |
| Fri, 08 Jul 2022 | CN¥544.1b | CN¥297.9b | CN¥8.0b | 30x | 68.1x | 1.8x |
| Sun, 05 Jun 2022 | CN¥529.6b | CN¥297.8b | CN¥6.0b | 29x | 88.6x | 1.8x |
| Tue, 03 May 2022 | CN¥465.7b | CN¥297.1b | CN¥6.1b | 26.4x | 76.5x | 1.6x |
| Thu, 31 Mar 2022 | CN¥536.2b | CN¥311.3b | CN¥10.0b | 28.3x | 53.5x | 1.7x |
| Sat, 26 Feb 2022 | CN¥587.0b | CN¥314.2b | CN¥10.2b | 29x | 57.8x | 1.9x |
| Mon, 24 Jan 2022 | CN¥596.0b | CN¥313.7b | CN¥10.1b | 27.5x | 59x | 1.9x |
| Wed, 22 Dec 2021 | CN¥630.0b | CN¥312.1b | CN¥9.9b | 30.9x | 63.7x | 2x |
| Fri, 19 Nov 2021 | CN¥575.0b | CN¥312.2b | CN¥9.9b | 28.2x | 58.1x | 1.8x |
| Sun, 17 Oct 2021 | CN¥559.5b | CN¥304.5b | CN¥11.2b | 22.9x | 50x | 1.8x |
| Tue, 14 Sep 2021 | CN¥582.4b | CN¥303.4b | CN¥11.0b | 23.7x | 52.7x | 1.9x |
Price to Earnings Ratio
52.7x
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 31.1x which is lower than its 3-year average PE of 78.5x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 6.8% per year over the last three years.
- Revenues for these companies have grown 5.2% 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 | -2.42% | |
| Industrials | -2.06% | |
| Commercial Services | -1.58% | |
| Diversified Support Services | -0.48% | |
| Commercial Printing | -0.60% | |
| Environmental and Facilities Services | -1.66% | |
| Office Services and Supplies | -1.96% | |
| Security and Alarm Services | -3.01% | |
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 50.4%, which is lower than the prior year's growth of 97.2% per year.
- Investors are most pessimistic about the Office Services and Supplies industry, which is trading below its 3-year average of 84.0x.
Forecasted Growth
- Analysts are most optimistic on the Commercial Printing industry, expecting annual earnings growth of 50% over the next 5 years.
- However this is lower than its past earnings growth rate of 97% per year.
- In contrast, the Office Services and Supplies industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 300779 Qingdao Huicheng Environmental Technology Group | CN¥50.59 | 14.3% +CN¥1.2b | 36.5% | PE112x | |
| 002989 Shenzhen Strongteam Decoration Engineering | CN¥17.81 | 18.7% +CN¥510.6m | 21.0% | PS6.2x | |
| 603007 Flower KingEco-Engineering | CN¥5.80 | 13.5% +CN¥280.7m | 26.6% | PS16x | |
| 600217 China Resources and EnvironmentLtd | CN¥4.44 | 2.5% +CN¥182.3m | -4.7% | PE34x | |
| 301049 Anhui Chaoyue Environmental Protection Technology | CN¥20.70 | 9.9% +CN¥176.3m | -16.0% | PS6.5x |
