Chinese (SSE) Machinery Industry Analysis
- 7D0.6%
- 3M0.7%
- 1Y9.5%
- YTD9.1%
Over the last 7 days, the Machinery industry has remained flat, although notably Jee Technology gained 31%. As for the the longer term, the industry is up 8.8% over the past 12 months.
Industry Valuation and Performance
Has the Chinese Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 05 Dec 2021 | CN¥4.2t | CN¥1.9t | CN¥119.6b | 41.3x |
| Tue, 02 Nov 2021 | CN¥3.9t | CN¥1.9t | CN¥120.8b | 35.8x |
| Thu, 30 Sep 2021 | CN¥3.8t | CN¥1.9t | CN¥119.7b | 35.1x |
| Sat, 28 Aug 2021 | CN¥4.1t | CN¥1.9t | CN¥119.1b | 38.8x |
| Sun, 04 Jul 2021 | CN¥3.6t | CN¥1.9t | CN¥117.5b | 34.2x |
| Wed, 07 Apr 2021 | CN¥3.4t | CN¥1.8t | CN¥114.3b | 32.4x |
| Sat, 09 Jan 2021 | CN¥3.4t | CN¥1.6t | CN¥94.1b | 39.7x |
| Fri, 02 Oct 2020 | CN¥3.1t | CN¥1.5t | CN¥84.8b | 41.4x |
| Mon, 06 Jul 2020 | CN¥2.7t | CN¥1.5t | CN¥75.0b | 42.1x |
| Thu, 09 Apr 2020 | CN¥2.3t | CN¥1.4t | CN¥60.1b | 38x |
| Wed, 01 Jan 2020 | CN¥2.4t | CN¥1.4t | CN¥69.3b | 35.7x |
| Sat, 05 Oct 2019 | CN¥2.3t | CN¥1.4t | CN¥71.2b | 34.3x |
| Tue, 09 Jul 2019 | CN¥2.2t | CN¥1.4t | CN¥70.2b | 34.5x |
| Mon, 01 Apr 2019 | CN¥2.4t | CN¥1.3t | CN¥65.3b | 36.7x |
| Thu, 03 Jan 2019 | CN¥1.8t | CN¥1.3t | CN¥50.3b | 30.6x |
30.6x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 36.8x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Machinery industry have grown 20% per year over the last three years, and revenues for these companies have grown 15% 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 Machinery industry?
| Construction Machinery and Vehicles | 2.39% | |
| Agricultural Machinery | 0.94% | |
| Industrial Machinery | -0.17% | |
Industry PE: Investors are most optimistic about the Agricultural Machinery industry even though it's trading below its 3-year average PE ratio of 124x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 29.4x.
Forecasted Growth: Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 30% over the next 5 years. This is better than it's past earnings growth rate of 23% per year. Meanwhile, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 23% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 600150 China CSSC Holdings | 6.9%+CN¥7.1b | 28.8% | PE199.8x | |
| 601766 CRRC | 3.4%+CN¥5.7b | 9.6% | PE16.1x | |
| 600765 AVIC Heavy Machinery | 8.7%+CN¥4.2b | 172.8% | PE76.9x | |
| 2008 Han's Laser Technology Industry Group | 7.5%+CN¥3.5b | 20.4% | PE34.3x | |
| 157 Zoomlion Heavy Industry Science and Technology | 5.3%+CN¥3.2b | -27.6% | PE8.7x |