We Think China High-Speed Railway Technology (SZSE:000008) Has A Fair Chunk Of Debt
Dec 17
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Chinese (SSE) Transportation Industry Analysis
UpdatedDec 18, 2024
DataAggregated Company Financials
Companies18
- 7D-2.1%
- 3M18.5%
- 1Y13.7%
- YTD13.4%
Over the last 7 days, the Transportation industry has dropped 1.1%, driven by Beijing-Shanghai High-Speed Railway declining 2.0%. On the other hand Hainan Haiqi Transportation GroupLtd is actually up 7.0%. Over the past 12 months, the industry was up 14%. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Chinese Transportation Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 18 Dec 2024 | CN¥524.3b | CN¥163.7b | CN¥22.6b | 30.1x | 23.2x | 3.2x |
| Fri, 15 Nov 2024 | CN¥489.0b | CN¥163.7b | CN¥22.6b | 26.3x | 21.6x | 3x |
| Sun, 13 Oct 2024 | CN¥484.9b | CN¥167.2b | CN¥23.7b | 24.4x | 20.5x | 2.9x |
| Tue, 10 Sep 2024 | CN¥453.3b | CN¥167.1b | CN¥23.7b | 21.9x | 19.1x | 2.7x |
| Thu, 08 Aug 2024 | CN¥491.1b | CN¥169.8b | CN¥24.4b | 23.7x | 20.1x | 2.9x |
| Sat, 06 Jul 2024 | CN¥469.0b | CN¥169.8b | CN¥24.4b | 22.5x | 19.2x | 2.8x |
| Mon, 03 Jun 2024 | CN¥448.6b | CN¥169.8b | CN¥24.4b | 25.9x | 18.4x | 2.6x |
| Wed, 01 May 2024 | CN¥449.1b | CN¥169.7b | CN¥24.4b | 25.5x | 18.4x | 2.6x |
| Fri, 29 Mar 2024 | CN¥443.3b | CN¥160.3b | CN¥20.7b | 32.6x | 21.4x | 2.8x |
| Sun, 25 Feb 2024 | CN¥453.7b | CN¥160.3b | CN¥20.7b | 31.9x | 21.9x | 2.8x |
| Tue, 23 Jan 2024 | CN¥425.8b | CN¥160.3b | CN¥20.7b | 33.1x | 20.6x | 2.7x |
| Thu, 21 Dec 2023 | CN¥438.0b | CN¥160.3b | CN¥20.7b | 36.2x | 21.2x | 2.7x |
| Sat, 18 Nov 2023 | CN¥437.3b | CN¥160.3b | CN¥20.7b | 36.3x | 21.1x | 2.7x |
| Mon, 16 Oct 2023 | CN¥442.6b | CN¥153.8b | CN¥17.5b | 48.4x | 25.3x | 2.9x |
| Wed, 13 Sep 2023 | CN¥447.4b | CN¥153.8b | CN¥17.5b | 49.4x | 25.6x | 2.9x |
| Fri, 11 Aug 2023 | CN¥465.6b | CN¥144.9b | CN¥13.6b | 68.8x | 34.2x | 3.2x |
| Sun, 09 Jul 2023 | CN¥473.5b | CN¥144.9b | CN¥13.6b | 67.9x | 34.8x | 3.3x |
| Tue, 06 Jun 2023 | CN¥478.4b | CN¥144.9b | CN¥13.6b | 66.8x | 35.1x | 3.3x |
| Thu, 04 May 2023 | CN¥471.7b | CN¥141.1b | CN¥11.2b | 52.7x | 42x | 3.3x |
| Sat, 01 Apr 2023 | CN¥453.7b | CN¥147.0b | CN¥12.7b | 45.4x | 35.7x | 3.1x |
| Mon, 27 Feb 2023 | CN¥431.9b | CN¥147.0b | CN¥12.7b | 48.3x | 34x | 2.9x |
| Wed, 25 Jan 2023 | CN¥452.1b | CN¥154.3b | CN¥13.5b | 43.3x | 33.5x | 2.9x |
| Fri, 23 Dec 2022 | CN¥445.0b | CN¥154.3b | CN¥13.5b | 52.5x | 33x | 2.9x |
| Sun, 20 Nov 2022 | CN¥436.6b | CN¥154.3b | CN¥13.5b | 39.7x | 32.4x | 2.8x |
| Tue, 18 Oct 2022 | CN¥423.9b | CN¥154.9b | CN¥13.6b | 47.5x | 31.2x | 2.7x |
| Thu, 15 Sep 2022 | CN¥442.9b | CN¥152.9b | CN¥13.7b | 45.2x | 32.4x | 2.9x |
| Sat, 13 Aug 2022 | CN¥432.1b | CN¥162.0b | CN¥17.2b | 50x | 25.2x | 2.7x |
| Mon, 11 Jul 2022 | CN¥455.1b | CN¥174.1b | CN¥17.7b | 47.5x | 25.7x | 2.6x |
| Wed, 08 Jun 2022 | CN¥451.5b | CN¥174.1b | CN¥17.7b | 47.7x | 25.5x | 2.6x |
| Fri, 06 May 2022 | CN¥428.4b | CN¥174.6b | CN¥17.6b | 37.5x | 24.3x | 2.5x |
| Sun, 03 Apr 2022 | CN¥461.3b | CN¥170.9b | CN¥18.4b | 42.7x | 25x | 2.7x |
| Tue, 01 Mar 2022 | CN¥465.0b | CN¥159.6b | CN¥17.9b | 34.9x | 26x | 2.9x |
| Thu, 27 Jan 2022 | CN¥445.5b | CN¥161.4b | CN¥18.8b | 33.1x | 23.7x | 2.8x |
| Sat, 25 Dec 2021 | CN¥441.7b | CN¥161.4b | CN¥18.8b | 35.9x | 23.5x | 2.7x |
Price to Earnings Ratio
23.5x
Current Industry PE
- Investors are pessimistic on the Chinese Transportation 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 23.4x which is lower than its 3-year average PE of 26.4x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Transportation industry have grown 6.3% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Chinese Industrials industry?
| CN Market | -2.62% | |
| Industrials | -3.10% | |
| Transportation | -2.06% | |
| Railroads | -1.74% | |
| Trucking | -4.29% | |
| Cargo Ground Transportation | -7.78% | |
Industry PE
- Investors are most optimistic about the Trucking industry even though it's trading below its 3-year average PE ratio of 517x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Railroads industry, expecting annual earnings growth of 11% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Railroads industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 002357 Sichuan Fulin Transportation Group | CN¥7.84 | 5.2% +CN¥122.3m | 3.7% | PE30.1x | |
| 603813 GuangDong GenSho LogisticsLTD | CN¥14.04 | 5.7% +CN¥79.2m | -15.7% | PS4.3x | |
| 600561 Jiangxi Changyun | CN¥6.29 | 2.4% +CN¥42.7m | -10.5% | PS1.2x | |
| 002627 Hubei Three Gorges Tourism Group | CN¥5.48 | 0.6% +CN¥21.0m | -1.4% | PE27.9x |
