China Railway Group's (SHSE:601390) Returns On Capital Not Reflecting Well On The Business
Aug 09
Chinese (SSE) Construction Industry Analysis
UpdatedAug 08, 2024
DataAggregated Company Financials
Companies106
- 7D-1.9%
- 3M-8.5%
- 1Y-24.8%
- YTD-6.6%
Over the last 7 days, the Construction industry has dropped 1.9%, driven by declines in China State Construction Engineering and China Railway Group of 3.0% and 4.3%, respectively. In contrast, Fujian Tendering has gained 31%. 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, 09 Aug 2024 | CN¥1.2t | CN¥7.3t | CN¥162.4b | 18.6x | 7.4x | 0.2x |
| Sun, 07 Jul 2024 | CN¥1.2t | CN¥7.3t | CN¥162.2b | 18.8x | 7.6x | 0.2x |
| Tue, 04 Jun 2024 | CN¥1.3t | CN¥7.3t | CN¥162.2b | 21.9x | 8x | 0.2x |
| Thu, 02 May 2024 | CN¥1.2t | CN¥7.3t | CN¥163.8b | 23x | 7.6x | 0.2x |
| Sat, 30 Mar 2024 | CN¥1.3t | CN¥7.1t | CN¥150.1b | 20x | 8.4x | 0.2x |
| Mon, 26 Feb 2024 | CN¥1.3t | CN¥7.0t | CN¥150.7b | 20.4x | 8.4x | 0.2x |
| Wed, 24 Jan 2024 | CN¥1.2t | CN¥7.0t | CN¥150.6b | 21x | 7.7x | 0.2x |
| Fri, 22 Dec 2023 | CN¥1.2t | CN¥7.0t | CN¥150.8b | 23.1x | 8x | 0.2x |
| Sun, 19 Nov 2023 | CN¥1.3t | CN¥6.9t | CN¥150.8b | 25.5x | 8.5x | 0.2x |
| Tue, 17 Oct 2023 | CN¥1.3t | CN¥6.9t | CN¥156.2b | 20.6x | 8.6x | 0.2x |
| Thu, 14 Sep 2023 | CN¥1.4t | CN¥6.9t | CN¥156.3b | 22.5x | 9x | 0.2x |
| Sat, 12 Aug 2023 | CN¥1.5t | CN¥6.8t | CN¥155.7b | 21.9x | 9.6x | 0.2x |
| Mon, 10 Jul 2023 | CN¥1.5t | CN¥6.8t | CN¥155.4b | 21.4x | 9.7x | 0.2x |
| Wed, 07 Jun 2023 | CN¥1.5t | CN¥6.8t | CN¥153.7b | 20.7x | 9.9x | 0.2x |
| Fri, 05 May 2023 | CN¥1.7t | CN¥6.8t | CN¥152.3b | 25.4x | 11.4x | 0.3x |
| Sun, 02 Apr 2023 | CN¥1.5t | CN¥6.5t | CN¥153.0b | 25x | 9.8x | 0.2x |
| Tue, 28 Feb 2023 | CN¥1.4t | CN¥6.5t | CN¥145.1b | 24.2x | 9.8x | 0.2x |
| Thu, 26 Jan 2023 | CN¥1.4t | CN¥6.5t | CN¥145.2b | 23.8x | 9.4x | 0.2x |
| Sat, 24 Dec 2022 | CN¥1.3t | CN¥6.5t | CN¥145.1b | 21.6x | 8.8x | 0.2x |
| Mon, 21 Nov 2022 | CN¥1.3t | CN¥6.5t | CN¥145.1b | 24.1x | 9x | 0.2x |
| Wed, 19 Oct 2022 | CN¥1.3t | CN¥6.4t | CN¥142.3b | 22.5x | 9x | 0.2x |
| Fri, 16 Sep 2022 | CN¥1.3t | CN¥6.4t | CN¥142.3b | 24.1x | 9.5x | 0.2x |
| Sun, 14 Aug 2022 | CN¥1.3t | CN¥6.3t | CN¥136.7b | 24.2x | 9.7x | 0.2x |
| Tue, 12 Jul 2022 | CN¥1.4t | CN¥6.3t | CN¥136.5b | 23.3x | 10.2x | 0.2x |
| Thu, 09 Jun 2022 | CN¥1.4t | CN¥6.3t | CN¥136.4b | 24.4x | 10.2x | 0.2x |
| Sat, 07 May 2022 | CN¥1.4t | CN¥6.3t | CN¥136.9b | 21x | 9.9x | 0.2x |
| Mon, 04 Apr 2022 | CN¥1.4t | CN¥6.1t | CN¥152.8b | 23x | 9.1x | 0.2x |
| Wed, 02 Mar 2022 | CN¥1.4t | CN¥6.1t | CN¥151.9b | 23.6x | 9.4x | 0.2x |
| Fri, 28 Jan 2022 | CN¥1.4t | CN¥6.0t | CN¥153.6b | 19.8x | 9x | 0.2x |
| Sun, 26 Dec 2021 | CN¥1.4t | CN¥6.0t | CN¥153.5b | 20.9x | 8.9x | 0.2x |
| Tue, 23 Nov 2021 | CN¥1.3t | CN¥6.0t | CN¥153.3b | 19.8x | 8.2x | 0.2x |
| Thu, 21 Oct 2021 | CN¥1.3t | CN¥6.1t | CN¥152.4b | 17.7x | 8.5x | 0.2x |
| Sat, 18 Sep 2021 | CN¥1.4t | CN¥6.1t | CN¥152.2b | 18.3x | 9x | 0.2x |
| Mon, 16 Aug 2021 | CN¥1.2t | CN¥6.1t | CN¥153.1b | 16.5x | 7.9x | 0.2x |
Price to Earnings Ratio
7.9x
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 7.4x 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 | -2.57% | |
| Industrials | -2.11% | |
| Construction | -1.85% | |
| Construction and Engineering | -1.85% | |
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 | |
|---|---|---|---|---|---|
| 301136 Fujian Tendering | CN¥15.71 | 31.2% +CN¥1.0b | 6.4% | PE263.8x | |
| 002482 Shenzhen Grandland Group | CN¥1.67 | 8.4% +CN¥487.6m | -25.8% | PE2.8x | |
| 600326 Tibet Tianlu | CN¥4.62 | 6.7% +CN¥373.1m | -2.3% | PS1.5x | |
| 000498 Shandong Hi-Speed Road&Bridge Group | CN¥5.19 | 1.8% +CN¥140.5m | -24.7% | PE3.6x | |
| 300029 Jiangsu Huasheng Tianlong PhotoelectricLtd | CN¥4.52 | 17.1% +CN¥132.3m | -35.1% | PE174x |
