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Chinese (SSE) Materials Sector Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies801
  • 7D-4.7%
  • 3M-6.7%
  • 1Y-22.3%
  • YTD-7.2%

Over the last 7 days, the Materials industry has dropped 4.7%, driven by declines in Tianqi Lithium and Ganfeng Lithium Group of 7.9% and 8.4%, respectively. Overall the industry is down 22% in 12 months. Looking forward, earnings are forecast to grow by 32% annually.

Sector Valuation and Performance

Has the Chinese Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024CN¥7.6tCN¥8.4tCN¥317.2b28.3x23.8x0.9x
Sat, 24 Feb 2024CN¥7.4tCN¥8.4tCN¥309.8b27.8x23.9x0.9x
Mon, 22 Jan 2024CN¥7.5tCN¥8.4tCN¥303.9b30.7x24.6x0.9x
Wed, 20 Dec 2023CN¥7.8tCN¥8.3tCN¥300.5b33.5x26x0.9x
Fri, 17 Nov 2023CN¥8.4tCN¥8.3tCN¥300.1b34.8x28.1x1x
Sun, 15 Oct 2023CN¥8.4tCN¥8.3tCN¥313.7b32.3x26.6x1x
Tue, 12 Sep 2023CN¥8.7tCN¥8.3tCN¥313.7b33.9x27.7x1x
Thu, 10 Aug 2023CN¥8.9tCN¥8.5tCN¥398.0b29.6x22.5x1.1x
Sat, 08 Jul 2023CN¥8.7tCN¥8.5tCN¥399.2b29.8x21.9x1x
Mon, 05 Jun 2023CN¥8.8tCN¥8.4tCN¥398.1b29.9x22.2x1x
Wed, 03 May 2023CN¥9.1tCN¥8.5tCN¥417.7b29.9x21.8x1.1x
Fri, 31 Mar 2023CN¥9.5tCN¥8.5tCN¥507.7b28.3x18.8x1.1x
Sun, 26 Feb 2023CN¥10.2tCN¥8.4tCN¥509.3b30.6x20x1.2x
Tue, 24 Jan 2023CN¥10.0tCN¥8.4tCN¥513.4b29.1x19.4x1.2x
Thu, 22 Dec 2022CN¥9.4tCN¥8.4tCN¥513.2b27.2x18.3x1.1x
Sat, 19 Nov 2022CN¥9.6tCN¥8.4tCN¥512.4b28x18.8x1.1x
Mon, 17 Oct 2022CN¥9.6tCN¥8.4tCN¥572.9b26.2x16.8x1.1x
Wed, 14 Sep 2022CN¥10.6tCN¥8.4tCN¥571.1b28.6x18.5x1.3x
Fri, 12 Aug 2022CN¥11.0tCN¥8.1tCN¥580.9b29.6x18.9x1.3x
Sun, 10 Jul 2022CN¥10.9tCN¥8.1tCN¥574.3b27.9x18.9x1.3x
Tue, 07 Jun 2022CN¥10.4tCN¥8.1tCN¥575.1b26.9x18x1.3x
Thu, 05 May 2022CN¥9.1tCN¥8.1tCN¥574.3b23.2x15.8x1.1x
Sat, 02 Apr 2022CN¥10.3tCN¥7.5tCN¥547.3b27.5x18.8x1.4x
Mon, 28 Feb 2022CN¥11.2tCN¥7.2tCN¥512.7b30.8x21.9x1.6x
Wed, 26 Jan 2022CN¥10.5tCN¥7.2tCN¥512.8b29.5x20.4x1.5x
Fri, 24 Dec 2021CN¥11.4tCN¥7.1tCN¥511.2b32x22.2x1.6x
Sun, 21 Nov 2021CN¥11.1tCN¥7.1tCN¥506.3b31.6x21.9x1.6x
Tue, 19 Oct 2021CN¥11.0tCN¥6.6tCN¥449.2b29.9x24.4x1.7x
Thu, 16 Sep 2021CN¥12.5tCN¥6.6tCN¥444.6b33.5x28.1x1.9x
Sat, 14 Aug 2021CN¥11.2tCN¥6.5tCN¥443.9b31.3x25.1x1.7x
Wed, 09 Jun 2021CN¥8.9tCN¥6.0tCN¥349.5b29.9x25.4x1.5x
Price to Earnings Ratio

22.8x


Total Market Cap: CN¥7.9tTotal Earnings: CN¥347.1bTotal Revenue: CN¥6.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Materials Sector Price to Earnings3Y Average 21.7x202220232024
Current Industry PE
  • Investors are relatively neutral on the Chinese Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.7x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 3.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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 Materials sector?

CN Market-4.90%
Materials-4.66%
Basic Materials-2.07%
Paper and Forestry Products-3.91%
Metals and Mining-4.05%
Packaging-4.20%
Chemicals-5.30%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 63.6x.
    • Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings decline of 17.0% per year.
  • Investors are most pessimistic about the Metals and Mining industry, which is trading close to its 3-year average of 20.5x.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 27% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
600309 Wanhua Chemical GroupCN¥80.454.2%
+CN¥10.2b
-16.6%PE15x
600160 Zhejiang JuhuaCN¥23.426.2%
+CN¥3.7b
35.6%PE44.3x
600346 Hengli PetrochemicalLtdCN¥13.703.1%
+CN¥2.9b
-15.4%PE49.9x
300777 Sinofibers TechnologyLtdCN¥31.7124.6%
+CN¥2.8b
-36.7%PE26.8x
600176 China JushiCN¥10.476.4%
+CN¥2.5b
-29.5%PE13.8x
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Latest News

2466

CN¥47.66

Tianqi Lithium

7D

-7.9%

1Y

-37.7%

688295

CN¥30.15

Zhongfu Shenying Carbon FiberLtd

7D

9.2%

1Y

-22.3%

807

CN¥13.62

Yunnan Aluminium

7D

5.0%

1Y

1.2%

893

CN¥19.32

Asia-potash International Investment (Guangzhou)Co.Ltd

7D

-14.0%

1Y

-29.3%

300777

CN¥31.71

Sinofibers TechnologyLtd

7D

24.6%

1Y

-36.7%

600160

CN¥23.42

Zhejiang Juhua

7D

6.2%

1Y

35.6%

600111

CN¥19.09

China Northern Rare Earth (Group) High-TechLtd

7D

-5.8%

1Y

-26.3%

2460

CN¥35.93

Ganfeng Lithium Group

7D

-8.4%

1Y

-46.2%