Sany Heavy IndustryLtd (SHSE:600031) Is Reinvesting At Lower Rates Of Return
Sep 01
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Chinese (SSE) Machinery Industry Analysis
UpdatedSep 01, 2024
DataAggregated Company Financials
Companies481
- 7D1.7%
- 3M-11.0%
- 1Y-18.1%
- YTD-15.0%
In the last week, the Machinery industry is up 1.7%, with Shenzhen Inovance TechnologyLtd up 8.5%. Meanwhile, CRRC actually underperformed within the industry, shrinking 12% in the last week. In contrast, the industry has lost 18% in the last 12 months. Earnings are forecast to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Sun, 01 Sep 2024 | CN¥3.4t | CN¥2.3t | CN¥110.3b | 26.8x | 30.4x | 1.5x |
| Tue, 30 Jul 2024 | CN¥3.5t | CN¥2.3t | CN¥111.1b | 26.5x | 31.1x | 1.5x |
| Thu, 27 Jun 2024 | CN¥3.5t | CN¥2.3t | CN¥110.7b | 27.8x | 31.7x | 1.5x |
| Sat, 25 May 2024 | CN¥3.7t | CN¥2.2t | CN¥107.2b | 30x | 35x | 1.7x |
| Mon, 22 Apr 2024 | CN¥3.8t | CN¥2.2t | CN¥105.6b | 29.1x | 35.8x | 1.7x |
| Wed, 20 Mar 2024 | CN¥3.9t | CN¥2.2t | CN¥105.5b | 31.1x | 37.2x | 1.8x |
| Fri, 16 Feb 2024 | CN¥3.4t | CN¥2.2t | CN¥105.9b | 25x | 31.8x | 1.5x |
| Sun, 14 Jan 2024 | CN¥3.8t | CN¥2.2t | CN¥106.5b | 31.5x | 35.4x | 1.7x |
| Tue, 12 Dec 2023 | CN¥3.8t | CN¥2.2t | CN¥109.4b | 32.4x | 35.1x | 1.8x |
| Thu, 09 Nov 2023 | CN¥3.9t | CN¥2.2t | CN¥109.5b | 33.4x | 35.7x | 1.8x |
| Sat, 07 Oct 2023 | CN¥4.0t | CN¥2.1t | CN¥102.8b | 34x | 38.8x | 1.9x |
| Mon, 04 Sep 2023 | CN¥4.0t | CN¥2.2t | CN¥111.2b | 34.3x | 35.8x | 1.8x |
| Wed, 02 Aug 2023 | CN¥4.3t | CN¥2.1t | CN¥103.8b | 36.7x | 41.4x | 2.1x |
| Fri, 30 Jun 2023 | CN¥4.3t | CN¥2.1t | CN¥103.1b | 37.2x | 42.2x | 2.1x |
| Sun, 28 May 2023 | CN¥4.1t | CN¥2.1t | CN¥102.5b | 36.9x | 40.4x | 2x |
| Tue, 25 Apr 2023 | CN¥4.0t | CN¥2.0t | CN¥109.1b | 34.2x | 36.7x | 2x |
| Thu, 23 Mar 2023 | CN¥4.1t | CN¥2.0t | CN¥97.5b | 36.2x | 41.6x | 2.1x |
| Sat, 18 Feb 2023 | CN¥4.1t | CN¥2.0t | CN¥96.6b | 36.2x | 42.4x | 2.1x |
| Mon, 16 Jan 2023 | CN¥3.8t | CN¥2.0t | CN¥94.8b | 33.5x | 40.6x | 2x |
| Wed, 14 Dec 2022 | CN¥3.9t | CN¥2.0t | CN¥94.7b | 34.5x | 40.7x | 2x |
| Fri, 11 Nov 2022 | CN¥3.9t | CN¥1.9t | CN¥93.9b | 35.6x | 41.3x | 2x |
| Sun, 09 Oct 2022 | CN¥3.6t | CN¥1.9t | CN¥96.9b | 32.5x | 36.7x | 1.8x |
| Tue, 06 Sep 2022 | CN¥3.9t | CN¥2.0t | CN¥98.6b | 36.3x | 39.4x | 2x |
| Thu, 04 Aug 2022 | CN¥4.0t | CN¥2.0t | CN¥105.1b | 36.1x | 37.8x | 2x |
| Sat, 02 Jul 2022 | CN¥3.8t | CN¥2.0t | CN¥103.3b | 33.7x | 37x | 2x |
| Mon, 30 May 2022 | CN¥3.3t | CN¥2.0t | CN¥103.3b | 30.5x | 31.8x | 1.7x |
| Wed, 27 Apr 2022 | CN¥2.8t | CN¥1.9t | CN¥105.1b | 25.1x | 26.3x | 1.4x |
| Fri, 25 Mar 2022 | CN¥3.5t | CN¥1.9t | CN¥121.1b | 32.4x | 29x | 1.8x |
| Sun, 20 Feb 2022 | CN¥3.8t | CN¥1.9t | CN¥118.7b | 36.3x | 32.2x | 2x |
| Tue, 18 Jan 2022 | CN¥4.0t | CN¥1.9t | CN¥117.3b | 39.6x | 34.3x | 2.1x |
| Thu, 16 Dec 2021 | CN¥4.2t | CN¥1.9t | CN¥116.5b | 40.6x | 35.9x | 2.2x |
| Sat, 13 Nov 2021 | CN¥4.1t | CN¥1.9t | CN¥118.5b | 38.8x | 34.7x | 2.2x |
| Mon, 11 Oct 2021 | CN¥3.9t | CN¥1.9t | CN¥119.6b | 36.2x | 32.3x | 2x |
| Wed, 08 Sep 2021 | CN¥4.2t | CN¥1.9t | CN¥119.6b | 38.6x | 35.2x | 2.2x |
Price to Earnings Ratio
35.2x
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 30.4x which is lower than its 3-year average PE of 36.2x.
- 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 2.7% per year 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Industrials industry?
| CN Market | 1.47% | |
| Industrials | 1.28% | |
| Machinery | 1.73% | |
| Industrial Machinery | 4.34% | |
| Agricultural Machinery | 4.01% | |
| Construction Machinery and Vehicles | -2.12% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry even though it's trading below its 3-year average PE ratio of 42.7x.
- Analysts are expecting annual earnings growth of 28.8%, which is higher than its past year's earnings decline of 4.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 4.7% 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 | |
|---|---|---|---|---|---|
| 300124 Shenzhen Inovance TechnologyLtd | CN¥43.30 | 8.5% +CN¥9.1b | -36.5% | PE24.2x | |
| 601100 Jiangsu Hengli HydraulicLtd | CN¥51.00 | 11.3% +CN¥6.9b | -20.4% | PE27.3x | |
| 002050 Zhejiang Sanhua Intelligent ControlsLtd | CN¥17.34 | 5.7% +CN¥3.5b | -41.8% | PE21.1x | |
| 603298 Hangcha Group | CN¥17.59 | 10.6% +CN¥2.2b | 5.7% | PE11.8x | |
| 600031 Sany Heavy IndustryLtd | CN¥16.12 | 1.1% +CN¥1.4b | 1.1% | PE29x |