A Look At The Intrinsic Value Of Shenzhen Inovance Technology Co.,Ltd (SZSE:300124)
Aug 21
Chinese (SSE) Machinery Industry Analysis
UpdatedAug 24, 2024
DataAggregated Company Financials
Companies482
- 7D-2.6%
- 3M-12.9%
- 1Y-15.6%
- YTD-16.4%
Over the last 7 days, the Machinery industry has dropped 3.2%, driven by Shenzhen Inovance TechnologyLtd declining 5.7%. On the other hand CRRC is actually up 6.2%. However, the industry is down 17% over the past year. Earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Sat, 24 Aug 2024 | CN¥3.3t | CN¥2.3t | CN¥109.6b | 25.7x | 30.1x | 1.5x |
| Mon, 22 Jul 2024 | CN¥3.5t | CN¥2.3t | CN¥110.9b | 26.6x | 31.5x | 1.5x |
| Wed, 19 Jun 2024 | CN¥3.7t | CN¥2.3t | CN¥110.2b | 29.2x | 33.7x | 1.6x |
| Fri, 17 May 2024 | CN¥3.8t | CN¥2.2t | CN¥107.3b | 30.4x | 35.8x | 1.7x |
| Sun, 14 Apr 2024 | CN¥3.8t | CN¥2.2t | CN¥104.5b | 30.5x | 36.2x | 1.7x |
| Tue, 12 Mar 2024 | CN¥3.9t | CN¥2.2t | CN¥104.6b | 30.3x | 37.1x | 1.8x |
| Thu, 08 Feb 2024 | CN¥3.2t | CN¥2.2t | CN¥106.3b | 22.6x | 30.5x | 1.5x |
| Sat, 06 Jan 2024 | CN¥3.8t | CN¥2.2t | CN¥108.3b | 31.8x | 34.9x | 1.7x |
| Mon, 04 Dec 2023 | CN¥3.9t | CN¥2.2t | CN¥109.4b | 33.4x | 35.8x | 1.8x |
| Wed, 01 Nov 2023 | CN¥3.8t | CN¥2.1t | CN¥104.4b | 32.4x | 36.4x | 1.8x |
| Fri, 29 Sep 2023 | CN¥4.0t | CN¥2.1t | CN¥102.7b | 34x | 38.8x | 1.9x |
| Sun, 27 Aug 2023 | CN¥3.9t | CN¥2.1t | CN¥106.0b | 33.2x | 36.9x | 1.9x |
| Tue, 25 Jul 2023 | CN¥4.2t | CN¥2.1t | CN¥103.4b | 36.3x | 41x | 2x |
| Thu, 22 Jun 2023 | CN¥4.3t | CN¥2.1t | CN¥103.1b | 36.9x | 41.4x | 2.1x |
| Sat, 20 May 2023 | CN¥4.1t | CN¥2.1t | CN¥101.9b | 35.6x | 40.4x | 2x |
| Mon, 17 Apr 2023 | CN¥4.2t | CN¥2.0t | CN¥107.3b | 35.1x | 38.8x | 2.1x |
| Wed, 15 Mar 2023 | CN¥4.1t | CN¥2.0t | CN¥97.0b | 35x | 42x | 2.1x |
| Fri, 10 Feb 2023 | CN¥4.2t | CN¥2.0t | CN¥95.4b | 37.5x | 43.8x | 2.1x |
| Sun, 08 Jan 2023 | CN¥3.8t | CN¥2.0t | CN¥94.6b | 33.8x | 40.5x | 2x |
| Tue, 06 Dec 2022 | CN¥4.0t | CN¥2.0t | CN¥94.3b | 35.3x | 42.2x | 2x |
| Thu, 03 Nov 2022 | CN¥3.9t | CN¥1.9t | CN¥94.0b | 35.3x | 41.3x | 2x |
| Sat, 01 Oct 2022 | CN¥3.6t | CN¥1.9t | CN¥97.1b | 32.2x | 36.6x | 1.8x |
| Mon, 29 Aug 2022 | CN¥4.0t | CN¥2.0t | CN¥109.1b | 36.9x | 36.6x | 2x |
| Wed, 27 Jul 2022 | CN¥3.9t | CN¥2.0t | CN¥104.2b | 34.8x | 37.8x | 2x |
| Fri, 24 Jun 2022 | CN¥3.7t | CN¥2.0t | CN¥103.3b | 33.9x | 36.1x | 1.9x |
| Sun, 22 May 2022 | CN¥3.3t | CN¥1.9t | CN¥102.1b | 30.8x | 32x | 1.7x |
| Tue, 19 Apr 2022 | CN¥3.2t | CN¥1.9t | CN¥110.3b | 29.1x | 29.4x | 1.7x |
| Thu, 17 Mar 2022 | CN¥3.4t | CN¥1.9t | CN¥120.3b | 31.1x | 28.5x | 1.8x |
| Sat, 12 Feb 2022 | CN¥3.7t | CN¥1.9t | CN¥118.7b | 34.8x | 31.4x | 2x |
| Mon, 10 Jan 2022 | CN¥4.1t | CN¥1.9t | CN¥117.0b | 40.6x | 34.8x | 2.1x |
| Wed, 08 Dec 2021 | CN¥4.1t | CN¥1.9t | CN¥116.3b | 39.4x | 35.3x | 2.2x |
| Fri, 05 Nov 2021 | CN¥4.0t | CN¥1.9t | CN¥119.0b | 37x | 33.5x | 2.1x |
| Sun, 03 Oct 2021 | CN¥3.9t | CN¥1.9t | CN¥119.7b | 36x | 32.5x | 2.1x |
| Tue, 31 Aug 2021 | CN¥4.1t | CN¥1.9t | CN¥119.1b | 38.1x | 34.6x | 2.2x |
Price to Earnings Ratio
34.6x
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 29.8x which is lower than its 3-year average PE of 36.3x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 2.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.4% 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 | -2.33% | |
| Industrials | -2.05% | |
| Machinery | -2.64% | |
| Construction Machinery and Vehicles | -0.18% | |
| Industrial Machinery | -4.23% | |
| Agricultural Machinery | -6.83% | |
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 27.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 2.9% 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 | |
|---|---|---|---|---|---|
| 601766 CRRC | CN¥8.09 | 6.2% +CN¥13.5b | 36.2% | PE19.2x | |
| 600031 Sany Heavy IndustryLtd | CN¥15.95 | 4.3% +CN¥5.6b | 5.1% | PE29.4x | |
| 002595 Himile Mechanical Science and Technology (Shandong) | CN¥38.33 | 10.0% +CN¥2.8b | 22.6% | PE17x | |
| 601100 Jiangsu Hengli HydraulicLtd | CN¥45.83 | 3.2% +CN¥1.9b | -26.6% | PE24.8x | |
| 000425 XCMG Construction Machinery | CN¥6.66 | 1.7% +CN¥1.3b | 8.8% | PE14.6x |
