Does Shenzhen Megmeet Electrical (SZSE:002851) Have A Healthy Balance Sheet?
Dec 19
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Chinese (SSE) Electrical Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies306
- 7D-0.8%
- 3M31.3%
- 1Y22.3%
- YTD18.1%
Over the last 7 days, the Electrical industry has remained flat, although notably Shenzhen Megmeet Electrical gained 40%. The past year has been better, since the industry has gained 22% in that time. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Chinese Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | CN¥4.4t | CN¥2.2t | CN¥141.4b | 36.7x | 31.4x | 2x |
| Tue, 19 Nov 2024 | CN¥4.4t | CN¥2.2t | CN¥141.4b | 34.2x | 30.9x | 2x |
| Thu, 17 Oct 2024 | CN¥3.9t | CN¥2.1t | CN¥134.2b | 30.7x | 29x | 1.8x |
| Sat, 14 Sep 2024 | CN¥3.3t | CN¥2.1t | CN¥134.4b | 26.2x | 24.3x | 1.5x |
| Mon, 12 Aug 2024 | CN¥3.3t | CN¥2.1t | CN¥138.7b | 27.9x | 23.5x | 1.6x |
| Wed, 10 Jul 2024 | CN¥3.3t | CN¥2.1t | CN¥137.3b | 29.5x | 24.2x | 1.6x |
| Fri, 07 Jun 2024 | CN¥3.6t | CN¥2.1t | CN¥137.2b | 29.8x | 26.5x | 1.7x |
| Sun, 05 May 2024 | CN¥3.7t | CN¥2.1t | CN¥138.4b | 31.5x | 26.6x | 1.7x |
| Tue, 02 Apr 2024 | CN¥3.7t | CN¥2.1t | CN¥150.6b | 31.9x | 24.8x | 1.7x |
| Thu, 29 Feb 2024 | CN¥3.3t | CN¥2.1t | CN¥150.9b | 28.2x | 21.6x | 1.5x |
| Sat, 27 Jan 2024 | CN¥3.3t | CN¥2.1t | CN¥152.5b | 31x | 21.7x | 1.5x |
| Mon, 25 Dec 2023 | CN¥3.5t | CN¥2.1t | CN¥150.8b | 32.7x | 23x | 1.6x |
| Wed, 22 Nov 2023 | CN¥3.8t | CN¥2.2t | CN¥152.5b | 35x | 25x | 1.8x |
| Fri, 20 Oct 2023 | CN¥3.7t | CN¥2.1t | CN¥156.6b | 32.3x | 23.6x | 1.8x |
| Sun, 17 Sep 2023 | CN¥3.8t | CN¥2.1t | CN¥156.1b | 34x | 24.6x | 1.8x |
| Tue, 15 Aug 2023 | CN¥4.2t | CN¥2.1t | CN¥156.0b | 35.3x | 26.9x | 2x |
| Thu, 13 Jul 2023 | CN¥4.3t | CN¥2.0t | CN¥151.4b | 38.9x | 28.7x | 2.2x |
| Sat, 10 Jun 2023 | CN¥4.1t | CN¥2.0t | CN¥151.0b | 35.4x | 26.9x | 2x |
| Mon, 08 May 2023 | CN¥4.2t | CN¥2.0t | CN¥150.3b | 34.5x | 27.6x | 2.1x |
| Wed, 05 Apr 2023 | CN¥4.2t | CN¥1.8t | CN¥121.8b | 36.1x | 34.7x | 2.3x |
| Fri, 03 Mar 2023 | CN¥4.4t | CN¥1.7t | CN¥115.3b | 38.4x | 38.6x | 2.5x |
| Sun, 29 Jan 2023 | CN¥4.6t | CN¥1.7t | CN¥111.2b | 36.1x | 41.5x | 2.7x |
| Tue, 27 Dec 2022 | CN¥4.1t | CN¥1.7t | CN¥109.7b | 33.6x | 37x | 2.4x |
| Thu, 24 Nov 2022 | CN¥4.4t | CN¥1.7t | CN¥109.6b | 35.4x | 39.9x | 2.6x |
| Sat, 22 Oct 2022 | CN¥4.5t | CN¥1.6t | CN¥97.1b | 34.8x | 46.5x | 2.8x |
| Mon, 19 Sep 2022 | CN¥4.4t | CN¥1.6t | CN¥97.1b | 34.2x | 45.4x | 2.8x |
| Wed, 17 Aug 2022 | CN¥5.3t | CN¥1.5t | CN¥85.5b | 42.7x | 61.6x | 3.5x |
| Fri, 15 Jul 2022 | CN¥5.2t | CN¥1.5t | CN¥85.5b | 39.5x | 61.2x | 3.5x |
| Sun, 12 Jun 2022 | CN¥4.2t | CN¥1.5t | CN¥81.8b | 34.9x | 51.2x | 2.9x |
| Tue, 10 May 2022 | CN¥3.4t | CN¥1.5t | CN¥81.7b | 30.6x | 41.7x | 2.3x |
| Thu, 07 Apr 2022 | CN¥4.1t | CN¥1.3t | CN¥83.1b | 35.1x | 49.8x | 3.2x |
| Sat, 05 Mar 2022 | CN¥4.5t | CN¥1.3t | CN¥85.2b | 39.8x | 53x | 3.5x |
| Mon, 31 Jan 2022 | CN¥4.8t | CN¥1.3t | CN¥84.5b | 39.8x | 56.5x | 3.7x |
| Wed, 29 Dec 2021 | CN¥5.3t | CN¥1.3t | CN¥84.8b | 45.3x | 62.4x | 4.1x |
Price to Earnings Ratio
62.4x
Current Industry PE
- Investors are pessimistic on the Chinese Electrical 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 31.4x which is lower than its 3-year average PE of 35.5x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 20% 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 | -1.18% | |
| Industrials | -1.61% | |
| Electrical | -0.82% | |
| Electrical Components | -0.81% | |
| Heavy Electrical Equipment | -0.87% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 35.8x.
- Analysts are expecting annual earnings growth of 28.7%, which is higher than its past year's earnings growth of 16.3% per year.
- Investors are most pessimistic about the Electrical Components industry, which is trading below its 3-year average of 37.1x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| 002851 Shenzhen Megmeet Electrical | CN¥56.17 | 40.0% +CN¥8.4b | 148.0% | PE52.8x | |
| 002130 ShenZhen Woer Heat-Shrinkable MaterialLtd | CN¥24.96 | 21.1% +CN¥5.4b | 254.0% | PE35.5x | |
| 300913 Zhejiang Zhaolong Interconnect TechnologyLtd | CN¥51.70 | 39.5% +CN¥3.8b | 81.9% | PE113.9x | |
| 600577 Tongling Jingda Special Magnet Wire | CN¥7.90 | 24.2% +CN¥3.2b | 98.5% | PE31.3x | |
| 600406 NARI Technology | CN¥24.85 | 1.6% +CN¥3.1b | 15.1% | PE26.6x |
