Haibo Heavy Engineering Science and Technology Co., Ltd.'s (SZSE:300517) 28% Price Boost Is Out Of Tune With Revenues
Jul 24
Chinese (SSE) Construction Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies106
- 7D-1.9%
- 3M-8.6%
- 1Y-24.7%
- YTD-7.7%
Over the last 7 days, the Construction industry has dropped 1.9%, driven by Sichuan Road & Bridge GroupLtd declining 10%. The industry has fallen 25% in the last year. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Chinese Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥1.2t | CN¥7.3t | CN¥162.3b | 17.7x | 7.3x | 0.2x |
| Sun, 23 Jun 2024 | CN¥1.3t | CN¥7.3t | CN¥162.2b | 20.5x | 7.8x | 0.2x |
| Tue, 21 May 2024 | CN¥1.3t | CN¥7.3t | CN¥162.5b | 23.3x | 8.3x | 0.2x |
| Thu, 18 Apr 2024 | CN¥1.3t | CN¥7.2t | CN¥153.9b | 20.2x | 8.2x | 0.2x |
| Sat, 16 Mar 2024 | CN¥1.3t | CN¥7.0t | CN¥150.8b | 21.6x | 8.4x | 0.2x |
| Mon, 12 Feb 2024 | CN¥1.2t | CN¥7.0t | CN¥150.6b | 18.1x | 7.9x | 0.2x |
| Wed, 10 Jan 2024 | CN¥1.2t | CN¥7.0t | CN¥150.5b | 22.4x | 8.1x | 0.2x |
| Fri, 08 Dec 2023 | CN¥1.2t | CN¥6.9t | CN¥150.6b | 24.5x | 8.2x | 0.2x |
| Sun, 05 Nov 2023 | CN¥1.3t | CN¥7.0t | CN¥151.2b | 24.3x | 8.6x | 0.2x |
| Tue, 03 Oct 2023 | CN¥1.4t | CN¥6.9t | CN¥156.2b | 22.1x | 9x | 0.2x |
| Thu, 31 Aug 2023 | CN¥1.4t | CN¥6.8t | CN¥154.2b | 23.1x | 9.2x | 0.2x |
| Sat, 29 Jul 2023 | CN¥1.5t | CN¥6.8t | CN¥155.5b | 21.3x | 9.8x | 0.2x |
| Mon, 26 Jun 2023 | CN¥1.5t | CN¥6.8t | CN¥153.7b | 21.2x | 9.6x | 0.2x |
| Wed, 24 May 2023 | CN¥1.5t | CN¥6.8t | CN¥153.6b | 21.2x | 10x | 0.2x |
| Fri, 21 Apr 2023 | CN¥1.7t | CN¥6.5t | CN¥148.3b | 25.4x | 11.3x | 0.3x |
| Sun, 19 Mar 2023 | CN¥1.6t | CN¥6.5t | CN¥146.5b | 26.7x | 10.8x | 0.2x |
| Tue, 14 Feb 2023 | CN¥1.4t | CN¥6.5t | CN¥145.2b | 25.1x | 9.9x | 0.2x |
| Thu, 12 Jan 2023 | CN¥1.3t | CN¥6.5t | CN¥145.0b | 22.9x | 9.1x | 0.2x |
| Sat, 10 Dec 2022 | CN¥1.4t | CN¥6.5t | CN¥145.1b | 24.1x | 9.7x | 0.2x |
| Mon, 07 Nov 2022 | CN¥1.3t | CN¥6.5t | CN¥145.1b | 23.7x | 8.8x | 0.2x |
| Wed, 05 Oct 2022 | CN¥1.2t | CN¥6.4t | CN¥142.2b | 21x | 8.7x | 0.2x |
| Fri, 02 Sep 2022 | CN¥1.3t | CN¥6.3t | CN¥137.5b | 23.2x | 9.7x | 0.2x |
| Sun, 31 Jul 2022 | CN¥1.4t | CN¥6.3t | CN¥136.6b | 23.3x | 9.9x | 0.2x |
| Tue, 28 Jun 2022 | CN¥1.4t | CN¥6.3t | CN¥136.5b | 24.4x | 10.1x | 0.2x |
| Thu, 26 May 2022 | CN¥1.4t | CN¥6.3t | CN¥136.5b | 23.4x | 10.1x | 0.2x |
| Sat, 23 Apr 2022 | CN¥1.3t | CN¥6.1t | CN¥148.9b | 19.3x | 8.8x | 0.2x |
| Mon, 21 Mar 2022 | CN¥1.4t | CN¥6.1t | CN¥152.5b | 22.2x | 9.1x | 0.2x |
| Wed, 16 Feb 2022 | CN¥1.5t | CN¥6.0t | CN¥153.4b | 22.2x | 9.5x | 0.2x |
| Fri, 14 Jan 2022 | CN¥1.4t | CN¥6.0t | CN¥153.4b | 21.7x | 9.1x | 0.2x |
| Sun, 12 Dec 2021 | CN¥1.3t | CN¥6.0t | CN¥153.3b | 20.7x | 8.7x | 0.2x |
| Tue, 09 Nov 2021 | CN¥1.2t | CN¥6.0t | CN¥153.3b | 18.3x | 8.1x | 0.2x |
| Thu, 07 Oct 2021 | CN¥1.3t | CN¥6.1t | CN¥152.4b | 17.9x | 8.8x | 0.2x |
| Sat, 04 Sep 2021 | CN¥1.3t | CN¥6.1t | CN¥153.1b | 18.1x | 8.8x | 0.2x |
| Mon, 02 Aug 2021 | CN¥1.2t | CN¥6.1t | CN¥153.0b | 16.2x | 7.7x | 0.2x |
Price to Earnings Ratio
7.7x
Current Industry PE
- Investors are pessimistic on the Chinese Construction 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 7.3x which is lower than its 3-year average PE of 9.1x.
- The industry is trading close to its 3-year average PS ratio of 0.21x.
Past Earnings Growth
- The earnings for companies in the Construction industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.1% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Chinese Industrials industry?
| CN Market | -3.39% | |
| Industrials | -1.25% | |
| Construction | -1.86% | |
| Construction and Engineering | -1.86% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 601668 China State Construction Engineering | CN¥5.49 | 0.7% +CN¥1.7b | -8.8% | PE4.2x | |
| 600170 Shanghai Construction Group | CN¥2.30 | 5.5% +CN¥1.1b | -21.2% | PE12.8x | |
| 600820 Shanghai Tunnel Engineering | CN¥6.87 | 4.2% +CN¥880.3m | 11.7% | PE7.3x | |
| 603843 Zhengping Road & Bridge ConstructionLtd | CN¥2.68 | 16.0% +CN¥258.9m | -33.5% | PS1x | |
| 002822 Shenzhen Zhongzhuang Construction GroupLtd | CN¥1.64 | 25.2% +CN¥235.2m | -63.6% | PS0.3x |
