China Merchants Expressway Network & Technology HoldingsLtd's (SZSE:001965) Upcoming Dividend Will Be Larger Than Last Year's
Jul 25
Chinese (SSE) Infrastructure Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies40
- 7D1.0%
- 3M0.5%
- 1Y2.9%
- YTD9.5%
The Infrastructure is pretty flat in the last 7 days, but TangShan Port GroupLtd has stood out, gaining 6.6%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 10% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥800.2b | CN¥350.8b | CN¥54.1b | 14.6x | 14.8x | 2.3x |
| Sun, 23 Jun 2024 | CN¥768.9b | CN¥350.8b | CN¥54.1b | 14.1x | 14.2x | 2.2x |
| Tue, 21 May 2024 | CN¥806.1b | CN¥350.8b | CN¥54.1b | 14.6x | 14.9x | 2.3x |
| Thu, 18 Apr 2024 | CN¥805.3b | CN¥342.3b | CN¥51.2b | 14.8x | 15.7x | 2.4x |
| Sat, 16 Mar 2024 | CN¥749.5b | CN¥335.2b | CN¥46.2b | 15.7x | 16.2x | 2.2x |
| Mon, 12 Feb 2024 | CN¥728.8b | CN¥334.9b | CN¥46.1b | 14.3x | 15.8x | 2.2x |
| Wed, 10 Jan 2024 | CN¥714.8b | CN¥331.4b | CN¥46.5b | 15.4x | 15.4x | 2.2x |
| Fri, 08 Dec 2023 | CN¥725.6b | CN¥338.8b | CN¥46.9b | 15.8x | 15.5x | 2.1x |
| Sun, 05 Nov 2023 | CN¥711.5b | CN¥332.8b | CN¥46.9b | 16x | 15.2x | 2.1x |
| Tue, 03 Oct 2023 | CN¥734.3b | CN¥334.9b | CN¥43.6b | 19.3x | 16.8x | 2.2x |
| Thu, 31 Aug 2023 | CN¥724.0b | CN¥328.1b | CN¥41.5b | 18.8x | 17.4x | 2.2x |
| Sat, 29 Jul 2023 | CN¥776.6b | CN¥336.6b | CN¥42.4b | 19.2x | 18.3x | 2.3x |
| Mon, 26 Jun 2023 | CN¥748.0b | CN¥333.0b | CN¥41.8b | 17.4x | 17.9x | 2.2x |
| Wed, 24 May 2023 | CN¥771.4b | CN¥333.4b | CN¥41.9b | 18.5x | 18.4x | 2.3x |
| Fri, 21 Apr 2023 | CN¥792.4b | CN¥284.8b | CN¥42.3b | 18.1x | 18.7x | 2.8x |
| Sun, 19 Mar 2023 | CN¥778.8b | CN¥275.9b | CN¥43.5b | 18.9x | 17.9x | 2.8x |
| Tue, 14 Feb 2023 | CN¥772.2b | CN¥276.1b | CN¥43.6b | 19.2x | 17.7x | 2.8x |
| Thu, 12 Jan 2023 | CN¥736.1b | CN¥276.3b | CN¥45.4b | 18.2x | 16.2x | 2.7x |
| Sat, 10 Dec 2022 | CN¥764.8b | CN¥263.4b | CN¥44.3b | 16.3x | 17.3x | 2.9x |
| Mon, 07 Nov 2022 | CN¥741.1b | CN¥263.0b | CN¥44.2b | 15.7x | 16.8x | 2.8x |
| Wed, 05 Oct 2022 | CN¥725.2b | CN¥265.8b | CN¥43.8b | 15.9x | 16.5x | 2.7x |
| Fri, 02 Sep 2022 | CN¥706.2b | CN¥284.6b | CN¥45.9b | 17x | 15.4x | 2.5x |
| Sun, 31 Jul 2022 | CN¥688.3b | CN¥282.7b | CN¥47.9b | 13.9x | 14.4x | 2.4x |
| Tue, 28 Jun 2022 | CN¥692.0b | CN¥282.9b | CN¥47.9b | 14.1x | 14.4x | 2.4x |
| Thu, 26 May 2022 | CN¥693.0b | CN¥283.0b | CN¥47.9b | 14.3x | 14.5x | 2.4x |
| Sat, 23 Apr 2022 | CN¥697.2b | CN¥282.6b | CN¥46.2b | 12.7x | 15.1x | 2.5x |
| Mon, 21 Mar 2022 | CN¥685.4b | CN¥275.4b | CN¥46.2b | 14.3x | 14.8x | 2.5x |
| Wed, 16 Feb 2022 | CN¥717.0b | CN¥273.6b | CN¥46.1b | 14.4x | 15.6x | 2.6x |
| Fri, 14 Jan 2022 | CN¥704.4b | CN¥273.6b | CN¥45.3b | 14.9x | 15.6x | 2.6x |
| Sun, 12 Dec 2021 | CN¥679.1b | CN¥273.6b | CN¥45.3b | 15x | 15x | 2.5x |
| Tue, 09 Nov 2021 | CN¥633.4b | CN¥272.2b | CN¥44.8b | 13.2x | 14.1x | 2.3x |
| Thu, 07 Oct 2021 | CN¥672.1b | CN¥264.7b | CN¥45.5b | 14.6x | 14.8x | 2.5x |
| Sat, 04 Sep 2021 | CN¥663.9b | CN¥264.6b | CN¥45.5b | 14.8x | 14.6x | 2.5x |
| Mon, 02 Aug 2021 | CN¥605.2b | CN¥264.6b | CN¥45.5b | 13.8x | 13.3x | 2.3x |
Price to Earnings Ratio
13.3x
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 15.8x.
- 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 5.9% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 | -3.39% | |
| Industrials | -1.25% | |
| Infrastructure | 0.96% | |
| Marine Ports and Services | 1.91% | |
| Highways and Railtracks | 0.15% | |
| Airport Services | -0.21% | |
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 30.1%, which is lower than the prior year's growth of 319.3% per year.
- Investors are most pessimistic about the Highways and Railtracks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.7x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 30% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 3.1% 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 | |
|---|---|---|---|---|---|
| 601000 TangShan Port GroupLtd | CN¥5.19 | 6.6% +CN¥1.9b | 39.5% | PE15.8x | |
| 001872 China Merchants Port Group | CN¥20.87 | 3.6% +CN¥1.8b | 16.5% | PE13.9x | |
| 001965 China Merchants Expressway Network & Technology HoldingsLtd | CN¥12.39 | 1.9% +CN¥1.6b | 34.8% | PE12.6x | |
| 601018 Ningbo Zhoushan Port | CN¥3.55 | 1.4% +CN¥972.7m | 0.6% | PE14.4x | |
| 600018 Shanghai International Port (Group) | CN¥6.14 | 0.7% +CN¥931.4m | 13.9% | PE10.7x |
