Shenzhen Megmeet Electrical Co., LTD's (SZSE:002851) 30% Share Price Surge Not Quite Adding Up
Nov 19
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Chinese (SSE) Electrical Components Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies253
- 7D-4.1%
- 3M39.4%
- 1Y17.6%
- YTDn/a
Over the last 7 days, the Electrical Components industry has dropped 3.1%, driven by Contemporary Amperex Technology declining 5.1%. On the other hand Solareast Holdings is actually up 49%. Over the past 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Chinese Electrical Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥3.8t | CN¥1.9t | CN¥126.9b | 36.2x | 30.2x | 2x |
| Sat, 19 Oct 2024 | CN¥3.4t | CN¥1.8t | CN¥119.7b | 32.9x | 28.7x | 1.9x |
| Mon, 16 Sep 2024 | CN¥2.7t | CN¥1.8t | CN¥119.9b | 27x | 22.5x | 1.5x |
| Wed, 14 Aug 2024 | CN¥2.7t | CN¥1.8t | CN¥124.6b | 28.9x | 21.9x | 1.5x |
| Fri, 12 Jul 2024 | CN¥2.8t | CN¥1.8t | CN¥123.3b | 29.6x | 22.5x | 1.6x |
| Sun, 09 Jun 2024 | CN¥3.0t | CN¥1.8t | CN¥123.2b | 30.6x | 24.2x | 1.7x |
| Tue, 07 May 2024 | CN¥3.2t | CN¥1.8t | CN¥124.1b | 32.8x | 25.5x | 1.8x |
| Thu, 04 Apr 2024 | CN¥3.1t | CN¥1.8t | CN¥135.3b | 31.3x | 23x | 1.7x |
| Sat, 02 Mar 2024 | CN¥2.8t | CN¥1.8t | CN¥136.2b | 29.8x | 20.9x | 1.6x |
| Mon, 29 Jan 2024 | CN¥2.7t | CN¥1.8t | CN¥138.2b | 31.2x | 19.9x | 1.5x |
| Wed, 27 Dec 2023 | CN¥2.9t | CN¥1.8t | CN¥136.8b | 33.2x | 21.1x | 1.6x |
| Fri, 24 Nov 2023 | CN¥3.1t | CN¥1.8t | CN¥137.1b | 35.3x | 22.9x | 1.7x |
| Sun, 22 Oct 2023 | CN¥3.1t | CN¥1.8t | CN¥140.6b | 32.9x | 21.9x | 1.7x |
| Tue, 19 Sep 2023 | CN¥3.3t | CN¥1.8t | CN¥139.0b | 34.6x | 23.5x | 1.8x |
| Thu, 17 Aug 2023 | CN¥3.5t | CN¥1.8t | CN¥137.1b | 34.3x | 25.2x | 2x |
| Sat, 15 Jul 2023 | CN¥3.6t | CN¥1.7t | CN¥133.5b | 39.1x | 27.3x | 2.1x |
| Mon, 12 Jun 2023 | CN¥3.4t | CN¥1.7t | CN¥133.1b | 34.6x | 25.5x | 2x |
| Wed, 10 May 2023 | CN¥3.5t | CN¥1.7t | CN¥132.2b | 33.9x | 26.2x | 2x |
| Fri, 07 Apr 2023 | CN¥3.6t | CN¥1.5t | CN¥100.0b | 37.4x | 35.6x | 2.3x |
| Sun, 05 Mar 2023 | CN¥3.7t | CN¥1.5t | CN¥92.8b | 39.1x | 40.4x | 2.6x |
| Tue, 31 Jan 2023 | CN¥4.0t | CN¥1.4t | CN¥88.6b | 37.5x | 45.1x | 2.8x |
| Thu, 29 Dec 2022 | CN¥3.6t | CN¥1.4t | CN¥87.2b | 34.5x | 41.2x | 2.6x |
| Sat, 26 Nov 2022 | CN¥3.6t | CN¥1.4t | CN¥87.1b | 35.1x | 41.5x | 2.6x |
| Mon, 24 Oct 2022 | CN¥3.8t | CN¥1.4t | CN¥80.0b | 36.4x | 47.7x | 2.8x |
| Wed, 21 Sep 2022 | CN¥3.8t | CN¥1.3t | CN¥73.7b | 36x | 52.1x | 3x |
| Fri, 19 Aug 2022 | CN¥4.7t | CN¥1.2t | CN¥61.6b | 45.8x | 75.6x | 3.9x |
| Sun, 17 Jul 2022 | CN¥4.4t | CN¥1.2t | CN¥61.3b | 41.1x | 71.1x | 3.7x |
| Tue, 14 Jun 2022 | CN¥3.6t | CN¥1.2t | CN¥59.4b | 36.7x | 59.9x | 3.1x |
| Thu, 12 May 2022 | CN¥3.1t | CN¥1.2t | CN¥59.2b | 33.2x | 51.9x | 2.7x |
| Sat, 09 Apr 2022 | CN¥3.4t | CN¥1.0t | CN¥60.9b | 35.4x | 56x | 3.4x |
| Mon, 07 Mar 2022 | CN¥3.8t | CN¥1.0t | CN¥62.0b | 42.1x | 61.6x | 3.8x |
| Wed, 02 Feb 2022 | CN¥4.1t | CN¥997.1b | CN¥63.1b | 42.9x | 64.4x | 4.1x |
| Fri, 31 Dec 2021 | CN¥4.5t | CN¥998.4b | CN¥63.6b | 48x | 70.8x | 4.5x |
| Sun, 28 Nov 2021 | CN¥4.9t | CN¥995.2b | CN¥63.3b | 49.7x | 76.8x | 4.9x |
Price to Earnings Ratio
76.8x
Current Industry PE
- Investors are pessimistic on the Chinese Electrical Components and Equipment 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 30.0x which is lower than its 3-year average PE of 38.4x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Electrical Components and Equipment industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Electrical Components compare with similar industries?
| CN Market | -3.39% | |
| Industrials | -2.83% | |
| Electrical | -3.93% | |
| Electrical Components | -4.09% | |
| Heavy Electrical Equipment | -3.06% | |
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 | |
|---|---|---|---|---|---|
| 603366 Solareast Holdings | CN¥13.07 | 48.9% +CN¥3.4b | 117.1% | PE97.6x | |
| 002484 Nantong Jianghai Capacitor | CN¥19.39 | 25.9% +CN¥3.4b | 13.1% | PE25x | |
| 301358 Hunan Yuneng New Energy Battery MaterialLtd | CN¥51.38 | 8.7% +CN¥3.1b | 48.4% | PE73.5x | |
| 301082 Jiusheng Electric | CN¥19.79 | 61.2% +CN¥1.7b | 56.7% | PE283.1x | |
| 300870 Shenzhen Honor Electronic | CN¥75.45 | 27.4% +CN¥1.6b | 52.6% | PE24.3x |
