Dongguan Development (Holdings)'s (SZSE:000828) Soft Earnings Don't Show The Whole Picture
Apr 22
Chinese (SSE) Infrastructure Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies40
- 7D2.0%
- 3M15.1%
- 1Y-1.2%
- YTD10.3%
Over the last 7 days, the Infrastructure industry has risen 2.0%, driven by gains from Shandong Hi-speed of 1.9%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | CN¥801.4b | CN¥345.5b | CN¥52.0b | 14.5x | 15.4x | 2.3x |
| Wed, 20 Mar 2024 | CN¥749.0b | CN¥335.2b | CN¥46.2b | 15.7x | 16.2x | 2.2x |
| Fri, 16 Feb 2024 | CN¥728.8b | CN¥334.9b | CN¥46.1b | 14.3x | 15.8x | 2.2x |
| Sun, 14 Jan 2024 | CN¥728.7b | CN¥331.4b | CN¥46.5b | 15.4x | 15.7x | 2.2x |
| Tue, 12 Dec 2023 | CN¥732.9b | CN¥338.7b | CN¥46.9b | 15.8x | 15.6x | 2.2x |
| Thu, 09 Nov 2023 | CN¥712.5b | CN¥338.4b | CN¥46.8b | 16x | 15.2x | 2.1x |
| Sat, 07 Oct 2023 | CN¥734.2b | CN¥334.9b | CN¥43.6b | 19.3x | 16.8x | 2.2x |
| Mon, 04 Sep 2023 | CN¥730.1b | CN¥335.4b | CN¥43.3b | 18.9x | 16.9x | 2.2x |
| Wed, 02 Aug 2023 | CN¥783.0b | CN¥336.6b | CN¥42.4b | 19.2x | 18.5x | 2.3x |
| Fri, 30 Jun 2023 | CN¥754.0b | CN¥332.8b | CN¥41.8b | 17.9x | 18x | 2.3x |
| Sun, 28 May 2023 | CN¥762.5b | CN¥333.4b | CN¥41.9b | 18.3x | 18.2x | 2.3x |
| Tue, 25 Apr 2023 | CN¥779.3b | CN¥284.5b | CN¥43.0b | 17.9x | 18.1x | 2.7x |
| Thu, 23 Mar 2023 | CN¥772.4b | CN¥275.8b | CN¥43.5b | 18.2x | 17.8x | 2.8x |
| Sat, 18 Feb 2023 | CN¥755.5b | CN¥275.9b | CN¥43.6b | 18.4x | 17.3x | 2.7x |
| Mon, 16 Jan 2023 | CN¥741.3b | CN¥276.8b | CN¥44.3b | 18.2x | 16.7x | 2.7x |
| Wed, 14 Dec 2022 | CN¥770.2b | CN¥263.3b | CN¥44.3b | 16.4x | 17.4x | 2.9x |
| Fri, 11 Nov 2022 | CN¥739.7b | CN¥262.8b | CN¥44.1b | 15.7x | 16.8x | 2.8x |
| Sun, 09 Oct 2022 | CN¥725.2b | CN¥265.8b | CN¥43.8b | 15.9x | 16.5x | 2.7x |
| Tue, 06 Sep 2022 | CN¥718.4b | CN¥275.5b | CN¥47.6b | 16.3x | 15.1x | 2.6x |
| Thu, 04 Aug 2022 | CN¥671.3b | CN¥282.6b | CN¥47.9b | 13.2x | 14x | 2.4x |
| Sat, 02 Jul 2022 | CN¥698.5b | CN¥282.8b | CN¥47.9b | 13.8x | 14.6x | 2.5x |
| Mon, 30 May 2022 | CN¥699.8b | CN¥282.8b | CN¥47.9b | 14.5x | 14.6x | 2.5x |
| Wed, 27 Apr 2022 | CN¥648.0b | CN¥282.2b | CN¥46.1b | 11.6x | 14x | 2.3x |
| Fri, 25 Mar 2022 | CN¥678.7b | CN¥275.4b | CN¥46.2b | 14.1x | 14.7x | 2.5x |
| Sun, 20 Feb 2022 | CN¥732.3b | CN¥273.8b | CN¥46.1b | 15.1x | 15.9x | 2.7x |
| Tue, 18 Jan 2022 | CN¥689.3b | CN¥273.6b | CN¥45.3b | 14.5x | 15.2x | 2.5x |
| Thu, 16 Dec 2021 | CN¥666.9b | CN¥273.6b | CN¥45.3b | 15.4x | 14.7x | 2.4x |
| Sat, 13 Nov 2021 | CN¥635.2b | CN¥272.2b | CN¥44.8b | 13.6x | 14.2x | 2.3x |
| Mon, 11 Oct 2021 | CN¥676.8b | CN¥264.7b | CN¥45.5b | 14.9x | 14.9x | 2.6x |
| Wed, 08 Sep 2021 | CN¥690.1b | CN¥264.2b | CN¥45.4b | 15.1x | 15.2x | 2.6x |
| Fri, 06 Aug 2021 | CN¥601.4b | CN¥264.6b | CN¥45.5b | 13.7x | 13.2x | 2.3x |
| Mon, 10 May 2021 | CN¥645.1b | CN¥246.2b | CN¥37.7b | 14.4x | 17.1x | 2.6x |
Price to Earnings Ratio
17.1x
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 16.0x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 12% 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 | -0.40% | |
| Industrials | 0.35% | |
| Infrastructure | 1.96% | |
| Airport Services | 2.49% | |
| Marine Ports and Services | 1.95% | |
| Highways and Railtracks | 1.69% | |
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 47.2%, which is higher than its past year's earnings decline of 55.1% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, which is trading close to its 3-year average of 11.8x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the Highways and Railtracks industry is expected to see its earnings grow by 2.6% 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 | |
|---|---|---|---|---|---|
| 600350 Shandong Hi-speed | CN¥9.16 | 1.9% +CN¥822.9m | 35.3% | PE13.4x | |
| 600009 Shanghai International Airport | CN¥36.78 | 0.6% +CN¥522.6m | -29.9% | PE98x | |
| 600004 Guangzhou Baiyun International Airport | CN¥10.39 | 1.5% +CN¥355.0m | -30.5% | PS4.7x | |
| 2023 Sichuan Haite High-techLtd | CN¥9.44 | 3.6% +CN¥244.5m | 5.6% | PE221.8x | |
| 600575 Huaihe Energy (Group)Ltd | CN¥2.87 | 2.1% +CN¥230.9m | 20.1% | PE13.2x |
