We Think Hainan Strait ShippingLtd's (SZSE:002320) Profit Is Only A Baseline For What They Can Achieve
Apr 05
Chinese (SSE) Marine Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies12
- 7D3.7%
- 3M14.4%
- 1Y-14.5%
- YTDn/a
The Marine industry is up 3.7% in the last week, with Shanghai Zhonggu Logistics up 5.8%. In the same time, Nanjing ShengHang Shipping was down 5.1%. In contrast, the industry has lost 15% in the last 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Chinese Marine Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | CN¥112.5b | CN¥55.1b | CN¥6.0b | 19.2x | 18.7x | 2x |
| Wed, 20 Mar 2024 | CN¥105.6b | CN¥49.9b | CN¥5.8b | 16.8x | 18.2x | 2.1x |
| Fri, 16 Feb 2024 | CN¥98.2b | CN¥49.7b | CN¥5.8b | 14.8x | 17x | 2x |
| Sun, 14 Jan 2024 | CN¥111.6b | CN¥49.6b | CN¥5.8b | 19.5x | 19.4x | 2.3x |
| Tue, 12 Dec 2023 | CN¥113.9b | CN¥49.6b | CN¥5.8b | 19.6x | 19.8x | 2.3x |
| Thu, 09 Nov 2023 | CN¥93.4b | CN¥49.6b | CN¥5.8b | 19.6x | 16.2x | 1.9x |
| Sat, 07 Oct 2023 | CN¥99.0b | CN¥50.6b | CN¥6.7b | 22.1x | 14.7x | 2x |
| Mon, 04 Sep 2023 | CN¥100.5b | CN¥50.6b | CN¥6.7b | 22.1x | 15x | 2x |
| Wed, 02 Aug 2023 | CN¥110.0b | CN¥51.5b | CN¥7.8b | 20.7x | 14x | 2.1x |
| Fri, 30 Jun 2023 | CN¥104.0b | CN¥51.8b | CN¥7.7b | 20.4x | 13.5x | 2x |
| Sun, 28 May 2023 | CN¥107.0b | CN¥51.8b | CN¥7.7b | 19.8x | 13.9x | 2.1x |
| Tue, 25 Apr 2023 | CN¥112.0b | CN¥51.5b | CN¥8.2b | 20.9x | 13.7x | 2.2x |
| Thu, 23 Mar 2023 | CN¥106.3b | CN¥49.7b | CN¥8.1b | 23.4x | 13.1x | 2.1x |
| Sat, 18 Feb 2023 | CN¥104.4b | CN¥49.6b | CN¥8.1b | 23.3x | 12.9x | 2.1x |
| Mon, 16 Jan 2023 | CN¥99.0b | CN¥49.2b | CN¥8.0b | 21.8x | 12.3x | 2x |
| Wed, 14 Dec 2022 | CN¥108.2b | CN¥49.2b | CN¥8.0b | 25x | 13.4x | 2.2x |
| Fri, 11 Nov 2022 | CN¥81.1b | CN¥44.6b | CN¥7.3b | 22.6x | 11x | 1.8x |
| Sun, 09 Oct 2022 | CN¥91.0b | CN¥42.2b | CN¥7.0b | 27.3x | 13.1x | 2.2x |
| Tue, 06 Sep 2022 | CN¥106.3b | CN¥42.2b | CN¥7.0b | 34.9x | 15.3x | 2.5x |
| Thu, 04 Aug 2022 | CN¥94.6b | CN¥40.2b | CN¥6.9b | 16.9x | 13.8x | 2.4x |
| Sat, 02 Jul 2022 | CN¥89.0b | CN¥39.2b | CN¥6.8b | 17x | 13x | 2.3x |
| Mon, 30 May 2022 | CN¥94.4b | CN¥39.2b | CN¥6.8b | 17.8x | 13.8x | 2.4x |
| Wed, 27 Apr 2022 | CN¥74.1b | CN¥35.5b | CN¥6.8b | 21.5x | 10.9x | 2.1x |
| Fri, 25 Mar 2022 | CN¥81.5b | CN¥33.6b | CN¥6.5b | 23.3x | 12.6x | 2.4x |
| Sun, 20 Feb 2022 | CN¥88.0b | CN¥32.5b | CN¥6.0b | 24.5x | 14.7x | 2.7x |
| Tue, 18 Jan 2022 | CN¥89.6b | CN¥32.5b | CN¥6.0b | 25.3x | 15x | 2.8x |
| Thu, 16 Dec 2021 | CN¥86.6b | CN¥32.5b | CN¥6.0b | 23x | 14.5x | 2.7x |
| Sat, 13 Nov 2021 | CN¥85.7b | CN¥32.5b | CN¥6.0b | 21.9x | 14.4x | 2.6x |
| Mon, 11 Oct 2021 | CN¥93.1b | CN¥30.9b | CN¥5.2b | 21.1x | 17.9x | 3x |
| Wed, 08 Sep 2021 | CN¥100.3b | CN¥30.9b | CN¥5.2b | 23.4x | 19.4x | 3.2x |
| Fri, 06 Aug 2021 | CN¥89.6b | CN¥30.9b | CN¥5.2b | 21.1x | 17.3x | 2.9x |
| Mon, 10 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 Marine 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 Marine 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 Comparison
How does Chinese Marine compare with similar industries?
| 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¥9.90 | 6.0% +CN¥1.2b | -9.7% | PE12.1x | |
| 520 Phoenix Shipping (Wuhan) | CN¥2.78 | 18.3% +CN¥435.2m | -14.7% | PS2.7x | |
| 603209 Xingtong Shipping | CN¥14.91 | 6.5% +CN¥251.1m | -39.3% | PE16.3x | |
| 603162 Fujian Highton Development | CN¥13.72 | 2.7% +CN¥221.3m | -24.6% | PE42.6x | |
| 2320 Hainan Strait ShippingLtd | CN¥6.33 | 1.4% +CN¥200.6m | -2.3% | PE32.5x |
