GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Not Lagging Market On Growth Or Pricing
Jun 21
Chinese (SSE) Professional Services Industry Analysis
UpdatedJun 25, 2024
DataAggregated Company Financials
Companies53
- 7D-4.2%
- 3M-11.8%
- 1Y-26.9%
- YTD-19.1%
The Professional Services is pretty flat in the last 7 days, but CATARC Automotive Proving GroundLtd has stood out, gaining 10%. As for the longer term, the industry has declined 25% in the last year. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Chinese Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 25 Jun 2024 | CN¥200.3b | CN¥162.5b | CN¥4.6b | 33.1x | 43.4x | 1.2x |
| Thu, 23 May 2024 | CN¥232.5b | CN¥162.4b | CN¥4.6b | 40.4x | 50.4x | 1.4x |
| Sat, 20 Apr 2024 | CN¥220.9b | CN¥123.3b | CN¥5.9b | 34.6x | 37.7x | 1.8x |
| Mon, 18 Mar 2024 | CN¥220.9b | CN¥122.3b | CN¥5.5b | 34.9x | 40.4x | 1.8x |
| Wed, 14 Feb 2024 | CN¥190.6b | CN¥122.6b | CN¥5.5b | 28.6x | 34.5x | 1.6x |
| Fri, 12 Jan 2024 | CN¥221.2b | CN¥116.8b | CN¥5.7b | 41.2x | 38.6x | 1.9x |
| Sun, 10 Dec 2023 | CN¥232.5b | CN¥116.8b | CN¥5.7b | 41x | 40.6x | 2x |
| Tue, 07 Nov 2023 | CN¥228.4b | CN¥116.1b | CN¥5.6b | 39.2x | 40.8x | 2x |
| Thu, 05 Oct 2023 | CN¥240.2b | CN¥115.1b | CN¥6.0b | 39.5x | 40.1x | 2.1x |
| Sat, 02 Sep 2023 | CN¥247.8b | CN¥115.0b | CN¥6.0b | 39x | 41.5x | 2.2x |
| Mon, 31 Jul 2023 | CN¥261.5b | CN¥111.3b | CN¥6.1b | 41x | 42.7x | 2.3x |
| Wed, 28 Jun 2023 | CN¥249.6b | CN¥110.9b | CN¥6.0b | 41x | 41.8x | 2.3x |
| Fri, 26 May 2023 | CN¥241.8b | CN¥110.6b | CN¥5.8b | 39.6x | 41.4x | 2.2x |
| Sun, 23 Apr 2023 | CN¥237.3b | CN¥106.7b | CN¥2.0b | 36x | 119.1x | 2.2x |
| Tue, 21 Mar 2023 | CN¥243.8b | CN¥105.2b | CN¥1.6b | 38.7x | 155.4x | 2.3x |
| Thu, 16 Feb 2023 | CN¥243.2b | CN¥104.3b | CN¥1.6b | 39.5x | 149.4x | 2.3x |
| Sat, 14 Jan 2023 | CN¥224.1b | CN¥103.5b | CN¥1.5b | 37.6x | 145x | 2.2x |
| Mon, 12 Dec 2022 | CN¥228.1b | CN¥103.5b | CN¥1.5b | 39.3x | 147.6x | 2.2x |
| Wed, 09 Nov 2022 | CN¥216.0b | CN¥103.3b | CN¥1.5b | 34.3x | 145.5x | 2.1x |
| Fri, 07 Oct 2022 | CN¥201.5b | CN¥101.2b | CN¥1.5b | 31x | 130.6x | 2x |
| Sun, 04 Sep 2022 | CN¥217.3b | CN¥104.4b | CN¥856.3m | 36.2x | 253.8x | 2.1x |
| Tue, 02 Aug 2022 | CN¥216.6b | CN¥88.2b | CN¥1.5b | 40x | 140.7x | 2.5x |
| Thu, 30 Jun 2022 | CN¥211.1b | CN¥87.2b | CN¥1.5b | 36.6x | 144.5x | 2.4x |
| Sat, 28 May 2022 | CN¥201.6b | CN¥86.9b | CN¥1.4b | 34.8x | 145.3x | 2.3x |
| Mon, 25 Apr 2022 | CN¥189.3b | CN¥90.4b | CN¥4.9b | 34.1x | 39x | 2.1x |
| Wed, 23 Mar 2022 | CN¥206.2b | CN¥86.3b | CN¥5.0b | 38.3x | 41.3x | 2.4x |
| Fri, 18 Feb 2022 | CN¥218.4b | CN¥84.7b | CN¥4.9b | 40.1x | 44.2x | 2.6x |
| Sun, 16 Jan 2022 | CN¥216.3b | CN¥83.9b | CN¥4.8b | 40.8x | 44.7x | 2.6x |
| Tue, 14 Dec 2021 | CN¥219.5b | CN¥83.5b | CN¥4.8b | 40.4x | 46x | 2.6x |
| Thu, 11 Nov 2021 | CN¥216.8b | CN¥83.9b | CN¥4.8b | 38.7x | 44.9x | 2.6x |
| Sat, 09 Oct 2021 | CN¥208.9b | CN¥80.3b | CN¥4.9b | 38.3x | 42.4x | 2.6x |
| Mon, 06 Sep 2021 | CN¥222.7b | CN¥80.3b | CN¥4.9b | 42.4x | 45.2x | 2.8x |
| Wed, 04 Aug 2021 | CN¥226.3b | CN¥80.4b | CN¥5.0b | 41.3x | 45.7x | 2.8x |
Price to Earnings Ratio
46.1x
Current Industry PE
- Investors are pessimistic on the Chinese Professional Services 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 45.4x which is lower than its 3-year average PE of 77.5x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Professional Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 28% 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 | -3.61% | |
| Industrials | -3.77% | |
| Professional Services | -4.21% | |
| Research and Consulting Services | -3.75% | |
| HR Services | -6.91% | |
Industry PE
- Investors are most optimistic about the Research and Consulting Services industry even though it's trading below its 3-year average PE ratio of 95.8x.
- Analysts are expecting annual earnings growth of 29.4%, which is higher than its past year's earnings decline of 0.06% per year.
- Investors are most pessimistic about the HR Services industry, which is trading below its 3-year average of 31.7x.
Forecasted Growth
- Analysts are most optimistic on the Research and Consulting Services industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 0.06% per year.
- In contrast, the HR Services industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 300826 NanJing Research Institute of Surveying Mapping & Geotechnical InvestigationLtd | CN¥12.98 | 14.8% +CN¥263.7m | -18.0% | PE51.1x | |
| 300500 Tus-Design Group | CN¥11.78 | 14.1% +CN¥254.0m | -35.1% | PS1.3x | |
| 300778 Shenzhen New Land Tool Planning & Architectural Design | CN¥10.70 | 9.6% +CN¥191.2m | -37.7% | PS7.5x | |
| 603458 Guizhou Transportation Planning Survey&Design AcademeLtd | CN¥4.91 | 5.6% +CN¥80.9m | -49.1% | PS0.8x | |
| 300564 Zhubo Design | CN¥9.10 | 2.0% +CN¥29.3m | -26.0% | PE33.5x |
