Chinese (SSE) Machinery Industry Analysis
UpdatedJul 02, 2024
DataAggregated Company Financials
Companies482
- 7D2.2%
- 3M-8.5%
- 1Y-19.3%
- YTD-9.3%
Over the last 7 days, the Machinery industry has risen 2.2%, driven by gains in China CSSC Holdings and CRRC of 9.5% and 7.5%, respectively. Meanwhile, Zhejiang Sanhua Intelligent ControlsLtd actually underperformed within the industry, shrinking 11% in the last week. In the past year, the industry is down 19%. Earnings are forecast to grow by 27% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 02 Jul 2024 | CN¥3.6t | CN¥2.3t | CN¥110.7b | 27.7x | 32.3x | 1.6x |
| Thu, 30 May 2024 | CN¥3.7t | CN¥2.2t | CN¥107.9b | 29.9x | 34.7x | 1.7x |
| Sat, 27 Apr 2024 | CN¥3.8t | CN¥2.2t | CN¥104.9b | 30.3x | 36.2x | 1.7x |
| Mon, 25 Mar 2024 | CN¥3.9t | CN¥2.2t | CN¥105.1b | 32.1x | 37.1x | 1.8x |
| Wed, 21 Feb 2024 | CN¥3.4t | CN¥2.2t | CN¥105.9b | 25.7x | 32.5x | 1.6x |
| Fri, 19 Jan 2024 | CN¥3.6t | CN¥2.2t | CN¥106.5b | 29.7x | 34.1x | 1.7x |
| Sun, 17 Dec 2023 | CN¥3.8t | CN¥2.2t | CN¥109.6b | 32.1x | 34.7x | 1.8x |
| Tue, 14 Nov 2023 | CN¥3.9t | CN¥2.2t | CN¥109.5b | 33.5x | 35.3x | 1.8x |
| Thu, 12 Oct 2023 | CN¥3.9t | CN¥2.1t | CN¥103.6b | 33.2x | 38x | 1.9x |
| Sat, 09 Sep 2023 | CN¥4.0t | CN¥2.1t | CN¥102.9b | 34.9x | 38.9x | 1.9x |
| Mon, 07 Aug 2023 | CN¥4.3t | CN¥2.1t | CN¥104.3b | 36.3x | 41.3x | 2.1x |
| Wed, 05 Jul 2023 | CN¥4.4t | CN¥2.1t | CN¥102.9b | 38.1x | 42.8x | 2.1x |
| Fri, 02 Jun 2023 | CN¥4.1t | CN¥2.1t | CN¥102.3b | 36.7x | 40.3x | 2x |
| Sun, 30 Apr 2023 | CN¥4.0t | CN¥2.0t | CN¥105.7b | 34x | 38.1x | 2x |
| Tue, 28 Mar 2023 | CN¥4.1t | CN¥2.0t | CN¥98.5b | 36x | 41.3x | 2.1x |
| Thu, 23 Feb 2023 | CN¥4.2t | CN¥2.0t | CN¥96.6b | 36.9x | 43.5x | 2.1x |
| Sat, 21 Jan 2023 | CN¥4.0t | CN¥2.0t | CN¥94.9b | 34.8x | 41.8x | 2x |
| Mon, 19 Dec 2022 | CN¥3.8t | CN¥2.0t | CN¥94.7b | 33.6x | 40.3x | 2x |
| Wed, 16 Nov 2022 | CN¥4.0t | CN¥1.9t | CN¥93.5b | 36.5x | 42.5x | 2x |
| Fri, 14 Oct 2022 | CN¥3.7t | CN¥1.9t | CN¥97.8b | 33.1x | 37.4x | 1.9x |
| Sun, 11 Sep 2022 | CN¥4.0t | CN¥2.0t | CN¥98.8b | 36.8x | 40.3x | 2x |
| Tue, 09 Aug 2022 | CN¥4.0t | CN¥2.0t | CN¥105.2b | 36.6x | 38.4x | 2x |
| Thu, 07 Jul 2022 | CN¥3.8t | CN¥2.0t | CN¥103.8b | 33.2x | 36.6x | 1.9x |
| Sat, 04 Jun 2022 | CN¥3.5t | CN¥2.0t | CN¥103.1b | 32.5x | 33.7x | 1.8x |
| Mon, 02 May 2022 | CN¥3.0t | CN¥1.9t | CN¥100.7b | 27.1x | 29.8x | 1.6x |
| Wed, 30 Mar 2022 | CN¥3.4t | CN¥1.9t | CN¥121.3b | 31.3x | 28.1x | 1.8x |
| Fri, 25 Feb 2022 | CN¥3.8t | CN¥1.9t | CN¥119.0b | 36.8x | 32.2x | 2x |
| Sun, 23 Jan 2022 | CN¥3.9t | CN¥1.9t | CN¥117.3b | 37.6x | 32.9x | 2x |
| Tue, 21 Dec 2021 | CN¥4.1t | CN¥1.9t | CN¥116.5b | 39.9x | 35.2x | 2.2x |
| Thu, 18 Nov 2021 | CN¥4.1t | CN¥1.9t | CN¥119.4b | 40.1x | 34.4x | 2.1x |
| Sat, 16 Oct 2021 | CN¥3.9t | CN¥1.9t | CN¥119.6b | 35.6x | 32.4x | 2.1x |
| Mon, 13 Sep 2021 | CN¥4.2t | CN¥1.9t | CN¥119.6b | 38.8x | 35x | 2.2x |
| Wed, 11 Aug 2021 | CN¥4.1t | CN¥1.9t | CN¥119.1b | 36.9x | 34.1x | 2.2x |
Price to Earnings Ratio
30.5x
Current Industry PE
- Investors are pessimistic on the Chinese Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 32.3x which is lower than its 3-year average PE of 36.5x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.6% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Chinese Industrials industry?
| CN Market | 0.44% | |
| Industrials | 1.13% | |
| Machinery | 2.18% | |
| Agricultural Machinery | 6.89% | |
| Construction Machinery and Vehicles | 3.75% | |
| Industrial Machinery | 1.21% | |
Industry PE
- Investors are most optimistic about the Agricultural Machinery industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading close to its 3-year average of 27.3x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 3.5% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| 600150 China CSSC Holdings | CN¥41.10 | 10.9% +CN¥18.1b | 29.9% | PE55.5x | |
| 601766 CRRC | CN¥7.67 | 7.6% +CN¥15.5b | 15.3% | PE18.2x | |
| 601989 China Shipbuilding Industry | CN¥4.90 | 4.7% +CN¥5.0b | 1.9% | PS2.2x | |
| 600482 China Shipbuilding Industry Group Power | CN¥19.70 | 7.8% +CN¥3.1b | -14.6% | PE51.7x | |
| 605117 Ningbo Deye Technology Group | CN¥73.20 | -0.7% CN¥2.3b | -36.3% | PE28.6x |