Does This Valuation Of Shanghai International Port (Group) Co., Ltd. (SHSE:600018) Imply Investors Are Overpaying?
Nov 22
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Chinese (SSE) Infrastructure Industry Analysis
UpdatedNov 23, 2024
DataAggregated Company Financials
Companies40
- 7D-1.8%
- 3M0.6%
- 1Y9.7%
- YTD11.2%
The Infrastructure industry is up 1.6% in the last week, with Shenzhen Yan Tian Port HoldingsLtd up -3.0%. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Chinese Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | CN¥817.8b | CN¥354.6b | CN¥52.3b | 15.5x | 15.6x | 2.3x |
| Tue, 22 Oct 2024 | CN¥816.7b | CN¥354.7b | CN¥55.2b | 15.4x | 14.8x | 2.3x |
| Thu, 19 Sep 2024 | CN¥749.4b | CN¥354.7b | CN¥55.2b | 14.4x | 13.6x | 2.1x |
| Sat, 17 Aug 2024 | CN¥804.5b | CN¥351.0b | CN¥54.1b | 14.8x | 14.9x | 2.3x |
| Mon, 15 Jul 2024 | CN¥789.4b | CN¥350.8b | CN¥54.1b | 14.8x | 14.6x | 2.3x |
| Wed, 12 Jun 2024 | CN¥791.3b | CN¥350.8b | CN¥54.1b | 14.5x | 14.6x | 2.3x |
| Fri, 10 May 2024 | CN¥804.9b | CN¥351.0b | CN¥54.0b | 15.3x | 14.9x | 2.3x |
| Sun, 07 Apr 2024 | CN¥782.9b | CN¥345.7b | CN¥49.8b | 14.7x | 15.7x | 2.3x |
| Tue, 05 Mar 2024 | CN¥743.8b | CN¥335.0b | CN¥46.2b | 15.6x | 16.1x | 2.2x |
| Thu, 01 Feb 2024 | CN¥727.2b | CN¥335.0b | CN¥46.0b | 15.1x | 15.8x | 2.2x |
| Sat, 30 Dec 2023 | CN¥708.7b | CN¥333.5b | CN¥47.0b | 15.5x | 15.1x | 2.1x |
| Mon, 27 Nov 2023 | CN¥725.6b | CN¥338.8b | CN¥46.9b | 16x | 15.5x | 2.1x |
| Wed, 25 Oct 2023 | CN¥694.8b | CN¥334.6b | CN¥43.5b | 18.3x | 16x | 2.1x |
| Fri, 22 Sep 2023 | CN¥738.4b | CN¥334.9b | CN¥43.6b | 19.2x | 16.9x | 2.2x |
| Sun, 20 Aug 2023 | CN¥759.4b | CN¥334.4b | CN¥42.4b | 18.5x | 17.9x | 2.3x |
| Tue, 18 Jul 2023 | CN¥759.8b | CN¥336.2b | CN¥41.8b | 18.7x | 18.2x | 2.3x |
| Thu, 15 Jun 2023 | CN¥766.2b | CN¥333.0b | CN¥41.9b | 18.5x | 18.3x | 2.3x |
| Sat, 13 May 2023 | CN¥808.9b | CN¥332.1b | CN¥42.9b | 17.6x | 18.9x | 2.4x |
| Mon, 10 Apr 2023 | CN¥778.1b | CN¥285.1b | CN¥42.6b | 17.7x | 18.3x | 2.7x |
| Wed, 08 Mar 2023 | CN¥779.5b | CN¥275.7b | CN¥43.5b | 18.4x | 17.9x | 2.8x |
| Fri, 03 Feb 2023 | CN¥764.2b | CN¥276.9b | CN¥43.9b | 19.3x | 17.4x | 2.8x |
| Sun, 01 Jan 2023 | CN¥744.9b | CN¥275.9b | CN¥45.3b | 17.2x | 16.4x | 2.7x |
| Tue, 29 Nov 2022 | CN¥732.4b | CN¥262.9b | CN¥44.1b | 16.1x | 16.6x | 2.8x |
| Thu, 27 Oct 2022 | CN¥725.4b | CN¥264.8b | CN¥43.6b | 15.6x | 16.6x | 2.7x |
| Sat, 24 Sep 2022 | CN¥723.4b | CN¥265.9b | CN¥43.9b | 15.4x | 16.5x | 2.7x |
| Mon, 22 Aug 2022 | CN¥682.7b | CN¥284.6b | CN¥47.0b | 16x | 14.5x | 2.4x |
| Wed, 20 Jul 2022 | CN¥682.7b | CN¥282.6b | CN¥47.9b | 13.6x | 14.3x | 2.4x |
| Fri, 17 Jun 2022 | CN¥689.3b | CN¥282.8b | CN¥47.9b | 14.1x | 14.4x | 2.4x |
| Sun, 15 May 2022 | CN¥683.2b | CN¥282.7b | CN¥48.0b | 13.7x | 14.2x | 2.4x |
| Tue, 12 Apr 2022 | CN¥706.7b | CN¥283.1b | CN¥46.1b | 13.6x | 15.3x | 2.5x |
| Thu, 10 Mar 2022 | CN¥680.0b | CN¥274.0b | CN¥46.2b | 14.1x | 14.7x | 2.5x |
| Sat, 05 Feb 2022 | CN¥684.0b | CN¥273.6b | CN¥46.1b | 13.9x | 14.8x | 2.5x |
| Mon, 03 Jan 2022 | CN¥677.7b | CN¥273.6b | CN¥45.3b | 14.6x | 15x | 2.5x |
| Wed, 01 Dec 2021 | CN¥621.6b | CN¥272.3b | CN¥44.8b | 14.8x | 13.9x | 2.3x |
Price to Earnings Ratio
13.9x
Current Industry PE
- Investors are relatively neutral on the Chinese Infrastructure industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 15.9x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 5.3% per year over the last three years.
- Revenues for these companies have grown 9.2% 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 | -2.14% | |
| Industrials | -1.50% | |
| Infrastructure | -1.81% | |
| Highways and Railtracks | 0.0069% | |
| Marine Ports and Services | -2.47% | |
| Airport Services | -3.42% | |
Industry PE
- Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 30.7%, which is lower than the prior year's growth of 139.0% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.9x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 31% over the next 5 years.
- However this is lower than its past earnings growth rate of 139% per year.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 2.9% 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 | |
|---|---|---|---|---|---|
| 000088 Shenzhen Yan Tian Port HoldingsLtd | CN¥4.85 | -3.0% CN¥3.8b | -5.5% | PE21.7x | |
| 000900 Xiandai InvestmentLtd | CN¥4.81 | 16.2% +CN¥1.0b | 17.9% | PE13.8x | |
| 000429 Guangdong Provincial Expressway Development | CN¥11.72 | 2.2% +CN¥522.7m | 44.5% | PE15x | |
| 600575 Huaihe Energy (Group)Ltd | CN¥3.67 | 3.1% +CN¥427.5m | 46.2% | PE14.1x | |
| 000548 Hunan Investment GroupLtd | CN¥5.81 | 14.1% +CN¥359.4m | 6.0% | PE16.8x |
