Returns On Capital Signal Tricky Times Ahead For Shanghai M&G Stationery (SHSE:603899)
Oct 18
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Chinese (SSE) Commercial Services Industry Analysis
UpdatedOct 21, 2024
DataAggregated Company Financials
Companies109
- 7D3.6%
- 3M18.0%
- 1Y-5.8%
- YTD-8.9%
In the last week, the Commercial Services industry is up 3.6%, with Ferrotec (An Hui) Technology DevelopmentLTD up 44%. Meanwhile, Shanghai M&G Stationery actually underperformed within the industry, shrinking 6.1% in the last week. In contrast, the industry has lost 5.8% in the last 12 months. Earnings are forecast to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Mon, 21 Oct 2024 | CN¥508.5b | CN¥354.8b | CN¥13.7b | 26.7x | 37.1x | 1.4x |
| Wed, 18 Sep 2024 | CN¥411.3b | CN¥352.2b | CN¥13.4b | 21.9x | 30.8x | 1.2x |
| Fri, 16 Aug 2024 | CN¥430.0b | CN¥349.1b | CN¥13.5b | 23.5x | 31.8x | 1.2x |
| Sun, 14 Jul 2024 | CN¥435.2b | CN¥348.6b | CN¥13.5b | 23.4x | 32.3x | 1.2x |
| Tue, 11 Jun 2024 | CN¥466.5b | CN¥349.0b | CN¥13.7b | 26x | 34.1x | 1.3x |
| Thu, 09 May 2024 | CN¥503.8b | CN¥349.0b | CN¥12.5b | 27.4x | 40.4x | 1.4x |
| Sat, 06 Apr 2024 | CN¥526.7b | CN¥350.9b | CN¥10.1b | 29.2x | 51.9x | 1.5x |
| Mon, 04 Mar 2024 | CN¥488.4b | CN¥351.1b | CN¥2.7b | 29.1x | 179.4x | 1.4x |
| Wed, 31 Jan 2024 | CN¥493.7b | CN¥351.2b | CN¥2.9b | 30.1x | 172.5x | 1.4x |
| Fri, 29 Dec 2023 | CN¥550.5b | CN¥351.1b | CN¥2.8b | 31.7x | 194.3x | 1.6x |
| Sun, 26 Nov 2023 | CN¥555.8b | CN¥329.5b | CN¥1.3b | 32.9x | 424.1x | 1.7x |
| Tue, 24 Oct 2023 | CN¥514.8b | CN¥323.3b | CN¥8.9b | 30.6x | 58.1x | 1.6x |
| Thu, 21 Sep 2023 | CN¥545.7b | CN¥313.7b | CN¥8.6b | 30.5x | 63.2x | 1.7x |
| Sat, 19 Aug 2023 | CN¥571.6b | CN¥312.4b | CN¥9.5b | 33.6x | 60x | 1.8x |
| Mon, 17 Jul 2023 | CN¥561.5b | CN¥308.3b | CN¥9.3b | 30x | 60.1x | 1.8x |
| Wed, 14 Jun 2023 | CN¥560.3b | CN¥308.3b | CN¥9.3b | 30x | 60x | 1.8x |
| Fri, 12 May 2023 | CN¥563.5b | CN¥307.6b | CN¥9.7b | 32.6x | 58x | 1.8x |
| Sun, 09 Apr 2023 | CN¥570.2b | CN¥291.9b | CN¥8.3b | 29.6x | 68.8x | 2x |
| Tue, 07 Mar 2023 | CN¥586.5b | CN¥289.6b | CN¥6.6b | 31.7x | 88.8x | 2x |
| Thu, 02 Feb 2023 | CN¥570.7b | CN¥289.5b | CN¥8.2b | 28.1x | 69.3x | 2x |
| Sat, 31 Dec 2022 | CN¥530.9b | CN¥289.5b | CN¥8.2b | 25.9x | 64.4x | 1.8x |
| Mon, 28 Nov 2022 | CN¥546.9b | CN¥293.9b | CN¥9.0b | 27.7x | 60.5x | 1.9x |
| Wed, 26 Oct 2022 | CN¥508.2b | CN¥291.0b | CN¥9.3b | 26x | 54.8x | 1.7x |
| Fri, 23 Sep 2022 | CN¥533.2b | CN¥290.2b | CN¥9.1b | 27.9x | 58.5x | 1.8x |
| Sun, 21 Aug 2022 | CN¥560.3b | CN¥298.7b | CN¥11.3b | 31x | 49.4x | 1.9x |
| Tue, 19 Jul 2022 | CN¥556.6b | CN¥299.7b | CN¥8.2b | 29.9x | 68.3x | 1.9x |
| Thu, 16 Jun 2022 | CN¥516.4b | CN¥297.9b | CN¥8.0b | 29.4x | 64.6x | 1.7x |
| Sat, 14 May 2022 | CN¥505.7b | CN¥296.8b | CN¥5.9b | 28.3x | 85.5x | 1.7x |
| Mon, 11 Apr 2022 | CN¥528.2b | CN¥306.5b | CN¥9.5b | 28.1x | 55.7x | 1.7x |
| Wed, 09 Mar 2022 | CN¥585.0b | CN¥308.1b | CN¥10.2b | 28.7x | 57.6x | 1.9x |
| Fri, 04 Feb 2022 | CN¥561.1b | CN¥314.1b | CN¥10.1b | 27.9x | 55.4x | 1.8x |
| Sun, 02 Jan 2022 | CN¥643.8b | CN¥313.7b | CN¥10.1b | 30.6x | 63.6x | 2.1x |
| Tue, 30 Nov 2021 | CN¥592.3b | CN¥312.2b | CN¥9.9b | 30.4x | 59.8x | 1.9x |
| Thu, 28 Oct 2021 | CN¥545.7b | CN¥309.4b | CN¥11.0b | 23.9x | 49.5x | 1.8x |
Price to Earnings Ratio
49.5x
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 37.1x which is lower than its 3-year average PE of 77.8x.
- The 3-year average PS ratio of 1.7x 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 grown 7.8% 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 | 2.66% | |
| Industrials | 2.95% | |
| Commercial Services | 3.57% | |
| Environmental and Facilities Services | 4.52% | |
| Diversified Support Services | 3.48% | |
| Commercial Printing | 2.68% | |
| Security and Alarm Services | 1.55% | |
| Office Services and Supplies | -1.95% | |
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 52.0%, which is lower than the prior year's growth of 93.2% per year.
- Investors are most pessimistic about the Office Services and Supplies industry, which is trading below its 3-year average of 80.9x.
Forecasted Growth
- Analysts are most optimistic on the Commercial Printing industry, expecting annual earnings growth of 52% over the next 5 years.
- However this is lower than its past earnings growth rate of 93% 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 | |
|---|---|---|---|---|---|
| 301297 Ferrotec (An Hui) Technology DevelopmentLTD | CN¥29.98 | 44.0% +CN¥3.1b | 33.2% | PE101.2x | |
| 301259 Hunan Airbluer Environmental Protection Technology | CN¥43.24 | 29.8% +CN¥1.6b | 223.4% | PS55x | |
| 300779 Qingdao Huicheng Environmental Technology Group | CN¥71.00 | 7.1% +CN¥911.8m | 114.8% | PE157.5x | |
| 600217 China Resources and EnvironmentLtd | CN¥5.82 | 7.2% +CN¥646.5m | 28.2% | PE44.6x | |
| 002183 Eternal Asia Supply Chain Management | CN¥3.90 | 5.7% +CN¥545.4m | -8.2% | PE91.2x |
