We Think Hainan Strait ShippingLtd's (SZSE:002320) Profit Is Only A Baseline For What They Can Achieve
Apr 05
Chinese (SSE) Marine and Shipping Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies12
- 7D3.7%
- 3M14.4%
- 1Y-14.5%
- YTD-3.3%
The Marine and Shipping industry is up 3.7% in the last week, with Shanghai Zhonggu Logistics up 6.0%. Meanwhile, Shanghai Jinjiang Shipping (Group) actually underperformed within the industry, shrinking 5.7% in the last week. In contrast, the industry has lost 15% in the last 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Chinese Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | CN¥112.5b | CN¥55.1b | CN¥6.0b | 19.2x | 18.7x | 2x |
| Fri, 22 Mar 2024 | CN¥107.5b | CN¥49.9b | CN¥5.8b | 17.3x | 18.5x | 2.2x |
| Sun, 18 Feb 2024 | CN¥98.2b | CN¥49.7b | CN¥5.8b | 14.8x | 17x | 2x |
| Tue, 16 Jan 2024 | CN¥112.5b | CN¥49.6b | CN¥5.8b | 19.5x | 19.5x | 2.3x |
| Thu, 14 Dec 2023 | CN¥112.3b | CN¥49.6b | CN¥5.8b | 19.3x | 19.5x | 2.3x |
| Sat, 11 Nov 2023 | CN¥96.1b | CN¥49.6b | CN¥5.8b | 20x | 16.7x | 1.9x |
| Mon, 09 Oct 2023 | CN¥99.0b | CN¥50.6b | CN¥6.7b | 22.1x | 14.7x | 2x |
| Wed, 06 Sep 2023 | CN¥101.9b | CN¥50.6b | CN¥6.7b | 22.6x | 15.2x | 2x |
| Fri, 04 Aug 2023 | CN¥108.7b | CN¥51.6b | CN¥7.8b | 20.6x | 13.9x | 2.1x |
| Sun, 02 Jul 2023 | CN¥105.1b | CN¥51.8b | CN¥7.7b | 20.4x | 13.6x | 2x |
| Tue, 30 May 2023 | CN¥106.0b | CN¥51.8b | CN¥7.7b | 19.8x | 13.7x | 2x |
| Thu, 27 Apr 2023 | CN¥112.8b | CN¥51.5b | CN¥8.2b | 20.6x | 13.8x | 2.2x |
| Sat, 25 Mar 2023 | CN¥104.2b | CN¥49.7b | CN¥8.1b | 22.5x | 12.9x | 2.1x |
| Mon, 20 Feb 2023 | CN¥104.4b | CN¥49.6b | CN¥8.1b | 23.3x | 12.9x | 2.1x |
| Wed, 18 Jan 2023 | CN¥99.6b | CN¥49.2b | CN¥8.0b | 21.8x | 12.4x | 2x |
| Fri, 16 Dec 2022 | CN¥106.4b | CN¥49.2b | CN¥8.0b | 23.8x | 13.2x | 2.2x |
| Sun, 13 Nov 2022 | CN¥83.5b | CN¥44.6b | CN¥7.3b | 24.2x | 11.4x | 1.9x |
| Tue, 11 Oct 2022 | CN¥90.5b | CN¥42.2b | CN¥7.0b | 27.8x | 13x | 2.1x |
| Thu, 08 Sep 2022 | CN¥106.1b | CN¥42.2b | CN¥7.0b | 34.9x | 15.2x | 2.5x |
| Sat, 06 Aug 2022 | CN¥95.8b | CN¥40.2b | CN¥6.9b | 16.8x | 13.9x | 2.4x |
| Mon, 04 Jul 2022 | CN¥89.0b | CN¥39.2b | CN¥6.8b | 17x | 13x | 2.3x |
| Wed, 01 Jun 2022 | CN¥93.4b | CN¥39.2b | CN¥6.8b | 17.7x | 13.7x | 2.4x |
| Fri, 29 Apr 2022 | CN¥75.7b | CN¥36.0b | CN¥6.9b | 19.7x | 11x | 2.1x |
| Sun, 27 Mar 2022 | CN¥83.3b | CN¥33.6b | CN¥6.5b | 23.6x | 12.8x | 2.5x |
| Tue, 22 Feb 2022 | CN¥88.0b | CN¥32.5b | CN¥6.0b | 24.6x | 14.7x | 2.7x |
| Thu, 20 Jan 2022 | CN¥89.2b | CN¥32.5b | CN¥6.0b | 25.2x | 14.9x | 2.7x |
| Sat, 18 Dec 2021 | CN¥87.0b | CN¥32.5b | CN¥6.0b | 23.5x | 14.6x | 2.7x |
| Mon, 15 Nov 2021 | CN¥85.7b | CN¥32.5b | CN¥6.0b | 21.9x | 14.4x | 2.6x |
| Wed, 13 Oct 2021 | CN¥89.5b | CN¥30.9b | CN¥5.2b | 20.2x | 17.2x | 2.9x |
| Fri, 10 Sep 2021 | CN¥101.1b | CN¥30.9b | CN¥5.2b | 23.7x | 19.5x | 3.3x |
| Sun, 08 Aug 2021 | CN¥89.6b | CN¥30.9b | CN¥5.2b | 21.1x | 17.3x | 2.9x |
| Sat, 01 May 2021 | CN¥78.2b | CN¥28.5b | CN¥3.6b | 26.4x | 22x | 2.7x |
Price to Earnings Ratio
22x
Current Industry PE
- Investors are optimistic on the Chinese Shipping industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.7x which is higher than its 3-year average PE of 15.3x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 25% 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 Industrials industry?
| CN Market | -0.40% | |
| Industrials | 0.35% | |
| Marine and Shipping | 3.70% | |
| Marine | 3.70% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 603565 Shanghai Zhonggu Logistics | CN¥9.82 | 6.3% +CN¥1.2b | -13.5% | PE12x | |
| 601022 Ningbo Ocean Shipping | CN¥9.06 | 7.9% +CN¥863.7m | -13.5% | PE23.5x | |
| 603162 Fujian Highton Development | CN¥13.67 | 10.3% +CN¥786.9m | -22.1% | PE42.4x | |
| 2320 Hainan Strait ShippingLtd | CN¥6.21 | 4.2% +CN¥557.2m | -5.5% | PE31.9x | |
| 603209 Xingtong Shipping | CN¥14.93 | 12.5% +CN¥458.0m | -36.9% | PE16.3x |
