Estimating The Fair Value Of Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338)
Oct 21
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Chinese (SSE) Machinery Industry Analysis
UpdatedOct 21, 2024
DataAggregated Company Financials
Companies482
- 7D2.7%
- 3M12.4%
- 1Y3.9%
- YTD0.09%
Over the last 7 days, the Machinery industry has risen 2.7%, driven by gains from RoboTechnik Intelligent Technology of 28%. In the last 12 months, the industry was up 3.9%. As for the next few years, earnings are expected to grow by 28% per annum.
Industry Valuation and Performance
Has the Chinese Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 21 Oct 2024 | CN¥4.0t | CN¥2.3t | CN¥108.9b | 31.5x | 36.4x | 1.7x |
| Wed, 18 Sep 2024 | CN¥3.2t | CN¥2.3t | CN¥107.2b | 25.4x | 30.1x | 1.4x |
| Fri, 16 Aug 2024 | CN¥3.4t | CN¥2.3t | CN¥111.7b | 27.3x | 30.5x | 1.5x |
| Sun, 14 Jul 2024 | CN¥3.5t | CN¥2.3t | CN¥110.9b | 27.2x | 31.6x | 1.5x |
| Tue, 11 Jun 2024 | CN¥3.7t | CN¥2.3t | CN¥110.1b | 27.7x | 33.2x | 1.6x |
| Thu, 09 May 2024 | CN¥3.9t | CN¥2.2t | CN¥106.6b | 30.8x | 36.3x | 1.7x |
| Sat, 06 Apr 2024 | CN¥3.8t | CN¥2.2t | CN¥104.1b | 31x | 36.8x | 1.7x |
| Mon, 04 Mar 2024 | CN¥3.8t | CN¥2.2t | CN¥104.6b | 29x | 36.2x | 1.7x |
| Wed, 31 Jan 2024 | CN¥3.4t | CN¥2.2t | CN¥106.8b | 27.1x | 32.2x | 1.6x |
| Fri, 29 Dec 2023 | CN¥3.8t | CN¥2.2t | CN¥109.6b | 32x | 34.9x | 1.8x |
| Sun, 26 Nov 2023 | CN¥3.9t | CN¥2.2t | CN¥109.4b | 33.1x | 35.6x | 1.8x |
| Tue, 24 Oct 2023 | CN¥3.6t | CN¥2.1t | CN¥104.1b | 30.4x | 35x | 1.7x |
| Thu, 21 Sep 2023 | CN¥3.9t | CN¥2.1t | CN¥102.7b | 33.4x | 37.9x | 1.9x |
| Sat, 19 Aug 2023 | CN¥4.1t | CN¥2.1t | CN¥104.8b | 35.2x | 38.9x | 2x |
| Mon, 17 Jul 2023 | CN¥4.4t | CN¥2.1t | CN¥103.2b | 37.6x | 42.2x | 2.1x |
| Wed, 14 Jun 2023 | CN¥4.1t | CN¥2.1t | CN¥102.5b | 35.8x | 40x | 2x |
| Fri, 12 May 2023 | CN¥4.0t | CN¥2.1t | CN¥101.2b | 33.8x | 39.6x | 2x |
| Sun, 09 Apr 2023 | CN¥4.2t | CN¥2.0t | CN¥102.8b | 35.2x | 40.4x | 2.1x |
| Tue, 07 Mar 2023 | CN¥4.2t | CN¥2.0t | CN¥96.8b | 36.6x | 43.8x | 2.2x |
| Thu, 02 Feb 2023 | CN¥4.1t | CN¥2.0t | CN¥95.0b | 36.2x | 43.3x | 2.1x |
| Sat, 31 Dec 2022 | CN¥3.7t | CN¥2.0t | CN¥94.6b | 32.9x | 39.2x | 1.9x |
| Mon, 28 Nov 2022 | CN¥3.9t | CN¥1.9t | CN¥94.2b | 34.5x | 41.1x | 2x |
| Wed, 26 Oct 2022 | CN¥3.8t | CN¥1.9t | CN¥98.0b | 34.7x | 39.1x | 2x |
| Fri, 23 Sep 2022 | CN¥3.8t | CN¥1.9t | CN¥97.1b | 35x | 39.2x | 2x |
| Sun, 21 Aug 2022 | CN¥4.2t | CN¥2.0t | CN¥106.4b | 38.1x | 39.2x | 2.1x |
| Tue, 19 Jul 2022 | CN¥3.8t | CN¥2.0t | CN¥103.9b | 33.3x | 36.8x | 2x |
| Thu, 16 Jun 2022 | CN¥3.5t | CN¥2.0t | CN¥103.2b | 32.2x | 34.3x | 1.8x |
| Sat, 14 May 2022 | CN¥3.2t | CN¥1.9t | CN¥102.0b | 29.7x | 30.9x | 1.6x |
| Mon, 11 Apr 2022 | CN¥3.4t | CN¥1.9t | CN¥111.3b | 30.4x | 30.5x | 1.8x |
| Wed, 09 Mar 2022 | CN¥3.7t | CN¥1.9t | CN¥119.9b | 32.9x | 30.7x | 1.9x |
| Fri, 04 Feb 2022 | CN¥3.8t | CN¥1.9t | CN¥118.7b | 36.1x | 31.8x | 2x |
| Sun, 02 Jan 2022 | CN¥4.2t | CN¥1.9t | CN¥116.5b | 39.9x | 35.7x | 2.2x |
| Tue, 30 Nov 2021 | CN¥4.2t | CN¥1.9t | CN¥119.6b | 40.8x | 34.9x | 2.2x |
| Thu, 28 Oct 2021 | CN¥3.9t | CN¥1.9t | CN¥120.6b | 35.7x | 32.6x | 2.1x |
Price to Earnings Ratio
32.6x
Current Industry PE
- Investors are relatively neutral on the Chinese Machinery 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 36.2x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 3.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Industrials industry?
| CN Market | 2.66% | |
| Industrials | 2.95% | |
| Machinery | 2.66% | |
| Agricultural Machinery | 5.64% | |
| Industrial Machinery | 4.16% | |
| Construction Machinery and Vehicles | 0.15% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 42.3x.
- Analysts are expecting annual earnings growth of 29.8%, which is higher than its past year's earnings decline of 4.1% per year.
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 its past earnings decline of 4.1% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| 300757 RoboTechnik Intelligent Technology | CN¥190.67 | 27.5% +CN¥6.4b | 317.7% | PE254.9x | |
| 000425 XCMG Construction Machinery | CN¥7.84 | 5.0% +CN¥4.4b | 33.8% | PE17x | |
| 002595 Himile Mechanical Science and Technology (Shandong) | CN¥50.45 | 9.2% +CN¥3.4b | 53.5% | PE22.4x | |
| 301611 Suzhou Kematek | CN¥72.36 | 11.6% +CN¥3.3b | n/a | PE168.7x | |
| 601766 CRRC | CN¥8.17 | 1.4% +CN¥3.2b | 52.4% | PE18.8x |
