There's No Escaping EIT Environmental Development Group Co.,Ltd's (SZSE:300815) Muted Earnings
Jul 26
Chinese (SSE) Commercial Services Industry Analysis
UpdatedJul 29, 2024
DataAggregated Company Financials
Companies108
- 7D-0.8%
- 3M-15.2%
- 1Y-28.8%
- YTD-23.4%
In the last week, the Commercial Services industry is flat overall, with Shanghai M&G Stationery standing out by going down 8.7%. Unfortunately though, the industry is down 29% over the past 12 months. As for the next few years, earnings are expected to grow by 26% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 29 Jul 2024 | CN¥424.0b | CN¥348.6b | CN¥13.5b | 23x | 31.5x | 1.2x |
| Wed, 26 Jun 2024 | CN¥438.1b | CN¥349.0b | CN¥13.7b | 24.2x | 32x | 1.3x |
| Fri, 24 May 2024 | CN¥496.5b | CN¥349.2b | CN¥12.4b | 29.1x | 40.1x | 1.4x |
| Sun, 21 Apr 2024 | CN¥483.1b | CN¥345.9b | CN¥11.2b | 28.2x | 43.2x | 1.4x |
| Tue, 19 Mar 2024 | CN¥521.4b | CN¥348.3b | CN¥10.0b | 30x | 52x | 1.5x |
| Thu, 15 Feb 2024 | CN¥446.5b | CN¥351.2b | CN¥2.8b | 25x | 157.3x | 1.3x |
| Sat, 13 Jan 2024 | CN¥553.0b | CN¥351.1b | CN¥2.8b | 32.1x | 195.1x | 1.6x |
| Mon, 11 Dec 2023 | CN¥556.6b | CN¥348.8b | CN¥2.7b | 32.6x | 204.6x | 1.6x |
| Wed, 08 Nov 2023 | CN¥551.5b | CN¥2.4t | -CN¥102,185,188,562.00 | 34.5x | -5.4x | 0.2x |
| Fri, 06 Oct 2023 | CN¥559.5b | CN¥322.1b | CN¥8.7b | 33.8x | 64.5x | 1.7x |
| Sun, 03 Sep 2023 | CN¥565.4b | CN¥314.3b | CN¥8.7b | 31.6x | 64.7x | 1.8x |
| Tue, 01 Aug 2023 | CN¥580.8b | CN¥308.3b | CN¥9.3b | 32.3x | 62.2x | 1.9x |
| Thu, 29 Jun 2023 | CN¥559.0b | CN¥308.3b | CN¥9.3b | 30.9x | 59.9x | 1.8x |
| Sat, 27 May 2023 | CN¥566.6b | CN¥309.3b | CN¥9.9b | 31.8x | 57.1x | 1.8x |
| Mon, 24 Apr 2023 | CN¥540.9b | CN¥305.1b | CN¥9.8b | 30.7x | 55.2x | 1.8x |
| Wed, 22 Mar 2023 | CN¥572.8b | CN¥290.3b | CN¥6.5b | 32.2x | 87.7x | 2x |
| Fri, 17 Feb 2023 | CN¥582.2b | CN¥289.5b | CN¥8.2b | 28.5x | 70.7x | 2x |
| Sun, 15 Jan 2023 | CN¥544.1b | CN¥289.5b | CN¥8.2b | 26.5x | 66x | 1.9x |
| Tue, 13 Dec 2022 | CN¥545.8b | CN¥288.2b | CN¥8.0b | 28.1x | 67.9x | 1.9x |
| Thu, 10 Nov 2022 | CN¥541.1b | CN¥292.1b | CN¥8.8b | 28x | 61.2x | 1.9x |
| Sat, 08 Oct 2022 | CN¥509.1b | CN¥290.0b | CN¥9.1b | 25.7x | 55.6x | 1.8x |
| Mon, 05 Sep 2022 | CN¥558.4b | CN¥289.6b | CN¥11.0b | 28.2x | 50.7x | 1.9x |
| Wed, 03 Aug 2022 | CN¥547.5b | CN¥299.8b | CN¥8.2b | 29.1x | 66.9x | 1.8x |
| Fri, 01 Jul 2022 | CN¥540.9b | CN¥297.9b | CN¥8.0b | 29.7x | 67.7x | 1.8x |
| Sun, 29 May 2022 | CN¥513.2b | CN¥297.8b | CN¥6.0b | 28.5x | 85.9x | 1.7x |
| Tue, 26 Apr 2022 | CN¥457.3b | CN¥308.7b | CN¥9.9b | 23.2x | 46x | 1.5x |
| Thu, 24 Mar 2022 | CN¥561.9b | CN¥309.3b | CN¥10.2b | 29.2x | 55.1x | 1.8x |
| Sat, 19 Feb 2022 | CN¥610.4b | CN¥314.2b | CN¥10.2b | 30.4x | 60.1x | 1.9x |
| Mon, 17 Jan 2022 | CN¥615.1b | CN¥313.7b | CN¥10.1b | 28.1x | 60.9x | 2x |
| Wed, 15 Dec 2021 | CN¥610.1b | CN¥312.1b | CN¥9.9b | 31.4x | 61.7x | 2x |
| Fri, 12 Nov 2021 | CN¥557.9b | CN¥310.4b | CN¥9.7b | 27.1x | 57.4x | 1.8x |
| Sun, 10 Oct 2021 | CN¥596.6b | CN¥304.5b | CN¥11.2b | 24.2x | 53.3x | 2x |
| Tue, 07 Sep 2021 | CN¥586.0b | CN¥303.4b | CN¥11.0b | 24x | 53.1x | 1.9x |
| Thu, 05 Aug 2021 | CN¥533.6b | CN¥301.2b | CN¥10.6b | 22.4x | 50.2x | 1.8x |
Price to Earnings Ratio
50.2x
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 31.5x which is lower than its 3-year average PE of 79.3x.
- 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 8.3% per year over the last three years.
- Revenues for these companies have grown 5.0% 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 | -2.85% | |
| Industrials | -0.34% | |
| Commercial Services | -0.80% | |
| Security and Alarm Services | 2.20% | |
| Environmental and Facilities Services | 0.049% | |
| Diversified Support Services | -0.40% | |
| Commercial Printing | -1.79% | |
| Office Services and Supplies | -5.90% | |
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 25.6%, which is higher than its past year's earnings decline of 8.7% per year.
- Investors are most pessimistic about the Office Services and Supplies industry, which is trading below its 3-year average of 86.8x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 43% per year.
- In contrast, the Office Services and Supplies industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 003035 China Southern Power Grid Energy Efficiency & Clean Energy | CN¥4.24 | 1.7% +CN¥265.2m | -35.0% | PE50.4x | |
| 301049 Anhui Chaoyue Environmental Protection Technology | CN¥21.54 | 14.6% +CN¥258.3m | -13.9% | PS7.5x | |
| 300815 EIT Environmental Development GroupLtd | CN¥12.05 | 5.2% +CN¥239.2m | -20.9% | PE9.1x | |
| 002973 QiaoYin City Management | CN¥9.52 | 6.4% +CN¥232.9m | -25.6% | PE12.7x | |
| 605081 Shanghai Taihe Water Technology DevelopmentLtd | CN¥14.86 | 15.2% +CN¥222.0m | 4.7% | PS9.6x |
