Ferrotec (An Hui) Technology DevelopmentLTD's (SZSE:301297) Solid Earnings May Rest On Weak Foundations
Sep 02
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Chinese (SSE) Commercial Services Industry Analysis
UpdatedSep 02, 2024
DataAggregated Company Financials
Companies108
- 7D2.1%
- 3M-13.3%
- 1Y-28.6%
- YTD-24.8%
The Commercial Services industry is up 2.1% in the last week, with Qingdao Huicheng Environmental Technology Group up 7.5%. During this same period, the Beijing Originwater Technology underperformed, falling 15%. In the past year, the industry is down 29%. As for the next few years, earnings are expected to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Sep 2024 | CN¥417.5b | CN¥352.3b | CN¥13.5b | 23.1x | 30.9x | 1.2x |
| Thu, 01 Aug 2024 | CN¥438.9b | CN¥348.6b | CN¥13.5b | 24.3x | 32.6x | 1.3x |
| Sat, 29 Jun 2024 | CN¥439.6b | CN¥349.0b | CN¥13.7b | 24.6x | 32.2x | 1.3x |
| Mon, 27 May 2024 | CN¥493.8b | CN¥349.1b | CN¥12.3b | 27.2x | 40x | 1.4x |
| Wed, 24 Apr 2024 | CN¥475.5b | CN¥347.8b | CN¥11.1b | 27.1x | 42.7x | 1.4x |
| Fri, 22 Mar 2024 | CN¥519.2b | CN¥348.3b | CN¥10.0b | 31.4x | 51.7x | 1.5x |
| Sun, 18 Feb 2024 | CN¥446.5b | CN¥351.2b | CN¥2.8b | 25x | 157.3x | 1.3x |
| Tue, 16 Jan 2024 | CN¥544.9b | CN¥351.1b | CN¥2.8b | 31.7x | 192.3x | 1.6x |
| Thu, 14 Dec 2023 | CN¥559.5b | CN¥348.8b | CN¥2.7b | 32.9x | 205.6x | 1.6x |
| Sat, 11 Nov 2023 | CN¥550.6b | CN¥329.5b | CN¥1.3b | 32.9x | 417.4x | 1.7x |
| Mon, 09 Oct 2023 | CN¥559.5b | CN¥322.1b | CN¥8.7b | 33.8x | 64.5x | 1.7x |
| Wed, 06 Sep 2023 | CN¥570.4b | CN¥314.3b | CN¥8.7b | 31.6x | 65.2x | 1.8x |
| Fri, 04 Aug 2023 | CN¥576.3b | CN¥308.4b | CN¥9.4b | 31.5x | 61.4x | 1.9x |
| Sun, 02 Jul 2023 | CN¥564.2b | CN¥308.3b | CN¥9.3b | 31.2x | 60.4x | 1.8x |
| Tue, 30 May 2023 | CN¥563.1b | CN¥309.2b | CN¥9.9b | 31.1x | 56.9x | 1.8x |
| Thu, 27 Apr 2023 | CN¥540.1b | CN¥303.5b | CN¥9.5b | 31.1x | 56.7x | 1.8x |
| Sat, 25 Mar 2023 | CN¥573.9b | CN¥290.0b | CN¥6.6b | 32x | 87.3x | 2x |
| Mon, 20 Feb 2023 | CN¥580.5b | CN¥289.5b | CN¥8.2b | 28.6x | 70.5x | 2x |
| Wed, 18 Jan 2023 | CN¥544.2b | CN¥289.5b | CN¥8.2b | 26.7x | 66x | 1.9x |
| Fri, 16 Dec 2022 | CN¥546.7b | CN¥289.0b | CN¥8.2b | 27.5x | 67.1x | 1.9x |
| Sun, 13 Nov 2022 | CN¥544.7b | CN¥292.1b | CN¥8.8b | 27.9x | 61.6x | 1.9x |
| Tue, 11 Oct 2022 | CN¥500.8b | CN¥290.0b | CN¥9.1b | 25.4x | 54.7x | 1.7x |
| Thu, 08 Sep 2022 | CN¥567.9b | CN¥290.4b | CN¥11.0b | 28.8x | 51.6x | 2x |
| Sat, 06 Aug 2022 | CN¥552.1b | CN¥300.2b | CN¥8.3b | 29.5x | 66.6x | 1.8x |
| Mon, 04 Jul 2022 | CN¥558.2b | CN¥297.9b | CN¥8.0b | 30.1x | 69.9x | 1.9x |
| Wed, 01 Jun 2022 | CN¥525.8b | CN¥297.8b | CN¥6.0b | 28.6x | 88x | 1.8x |
| Fri, 29 Apr 2022 | CN¥452.8b | CN¥303.7b | CN¥8.9b | 25.9x | 51.1x | 1.5x |
| Sun, 27 Mar 2022 | CN¥551.5b | CN¥309.7b | CN¥10.2b | 28.8x | 54x | 1.8x |
| Tue, 22 Feb 2022 | CN¥611.5b | CN¥314.2b | CN¥10.2b | 30.4x | 60.2x | 1.9x |
| Thu, 20 Jan 2022 | CN¥615.8b | CN¥313.7b | CN¥10.1b | 29x | 60.9x | 2x |
| Sat, 18 Dec 2021 | CN¥627.0b | CN¥312.1b | CN¥9.9b | 31.3x | 63.4x | 2x |
| Mon, 15 Nov 2021 | CN¥566.4b | CN¥311.4b | CN¥9.8b | 27.9x | 57.8x | 1.8x |
| Wed, 13 Oct 2021 | CN¥570.3b | CN¥304.5b | CN¥11.2b | 23.8x | 50.9x | 1.9x |
| Fri, 10 Sep 2021 | CN¥584.3b | CN¥303.4b | CN¥11.0b | 23.5x | 52.9x | 1.9x |
Price to Earnings Ratio
52.9x
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 30.9x which is lower than its 3-year average PE of 78.6x.
- 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 7.0% per year over the last three years.
- Revenues for these companies have grown 5.1% 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 | 1.47% | |
| Industrials | 1.27% | |
| Commercial Services | 2.14% | |
| Commercial Printing | 4.91% | |
| Security and Alarm Services | 3.64% | |
| Diversified Support Services | 2.99% | |
| Office Services and Supplies | 2.34% | |
| Environmental and Facilities Services | 1.84% | |
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 31.2%, 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 84.2x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 29% 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 | |
|---|---|---|---|---|---|
| 300779 Qingdao Huicheng Environmental Technology Group | CN¥44.97 | 7.5% +CN¥604.1m | 15.9% | PE99.6x | |
| 600217 China Resources and EnvironmentLtd | CN¥4.52 | 6.4% +CN¥447.6m | -4.8% | PE34.6x | |
| 300384 Beijing Sanlian Hope Shin-Gosen Technical Service | CN¥12.80 | 10.8% +CN¥398.8m | -24.3% | PE12.7x | |
| 301259 Hunan Airbluer Environmental Protection Technology | CN¥26.18 | 9.8% +CN¥363.5m | 68.3% | PS33.3x | |
| 002266 Zhefu Holding Group | CN¥2.91 | 2.1% +CN¥346.8m | -27.3% | PE19.8x |
