A Piece Of The Puzzle Missing From Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) Share Price
Jul 19
Chinese (SSE) Materials Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies803
- 7D-5.6%
- 3M-15.0%
- 1Y-25.7%
- YTD-17.4%
Over the last 7 days, the Materials industry has dropped 5.6%, driven by a pullback from Ningxia Baofeng Energy Group of 13%. Meanwhile, Western Superconducting Technologies actually outperformed within the industry, gaining 6.1% in the last week. However, the industry is down 26% over the past year. Looking forward, earnings are forecast to grow by 28% annually.
Sector Valuation and Performance
Has the Chinese Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥6.8t | CN¥8.4t | CN¥277.3b | 25.9x | 24.5x | 0.8x |
| Sun, 23 Jun 2024 | CN¥7.4t | CN¥8.4t | CN¥275.7b | 28.2x | 26.9x | 0.9x |
| Tue, 21 May 2024 | CN¥8.3t | CN¥8.4t | CN¥270.4b | 32x | 30.8x | 1x |
| Thu, 18 Apr 2024 | CN¥7.9t | CN¥8.4t | CN¥301.9b | 27.5x | 26.3x | 0.9x |
| Sat, 16 Mar 2024 | CN¥7.8t | CN¥8.4t | CN¥312.4b | 29.6x | 25x | 0.9x |
| Mon, 12 Feb 2024 | CN¥7.1t | CN¥8.4t | CN¥308.9b | 24.7x | 22.9x | 0.8x |
| Wed, 10 Jan 2024 | CN¥7.8t | CN¥8.4t | CN¥302.9b | 32.6x | 25.8x | 0.9x |
| Fri, 08 Dec 2023 | CN¥8.0t | CN¥8.3t | CN¥300.5b | 33.9x | 26.8x | 1x |
| Sun, 05 Nov 2023 | CN¥8.3t | CN¥8.3t | CN¥300.2b | 33.7x | 27.5x | 1x |
| Tue, 03 Oct 2023 | CN¥8.4t | CN¥8.3t | CN¥312.8b | 32.9x | 27x | 1x |
| Thu, 31 Aug 2023 | CN¥8.6t | CN¥8.4t | CN¥339.8b | 32.7x | 25.2x | 1x |
| Sat, 29 Jul 2023 | CN¥9.0t | CN¥8.5t | CN¥398.6b | 30.2x | 22.6x | 1.1x |
| Mon, 26 Jun 2023 | CN¥8.5t | CN¥8.4t | CN¥398.4b | 29.2x | 21.3x | 1x |
| Wed, 24 May 2023 | CN¥8.9t | CN¥8.5t | CN¥402.2b | 29.8x | 22.1x | 1.1x |
| Fri, 21 Apr 2023 | CN¥9.5t | CN¥8.5t | CN¥500.9b | 28.4x | 18.9x | 1.1x |
| Sun, 19 Mar 2023 | CN¥9.6t | CN¥8.5t | CN¥513.6b | 29x | 18.6x | 1.1x |
| Tue, 14 Feb 2023 | CN¥10.3t | CN¥8.4t | CN¥513.7b | 30.2x | 20x | 1.2x |
| Thu, 12 Jan 2023 | CN¥9.6t | CN¥8.4t | CN¥513.6b | 27.9x | 18.6x | 1.1x |
| Sat, 10 Dec 2022 | CN¥10.0t | CN¥8.4t | CN¥513.1b | 28.7x | 19.4x | 1.2x |
| Mon, 07 Nov 2022 | CN¥9.7t | CN¥8.4t | CN¥512.3b | 28.3x | 18.9x | 1.1x |
| Wed, 05 Oct 2022 | CN¥9.4t | CN¥8.4t | CN¥572.3b | 25x | 16.4x | 1.1x |
| Fri, 02 Sep 2022 | CN¥10.1t | CN¥8.4t | CN¥572.8b | 27.5x | 17.7x | 1.2x |
| Sun, 31 Jul 2022 | CN¥10.6t | CN¥8.1t | CN¥580.0b | 29.3x | 18.4x | 1.3x |
| Tue, 28 Jun 2022 | CN¥11.0t | CN¥8.1t | CN¥576.1b | 28.1x | 19x | 1.4x |
| Thu, 26 May 2022 | CN¥9.7t | CN¥8.1t | CN¥575.0b | 25x | 16.8x | 1.2x |
| Sat, 23 Apr 2022 | CN¥9.2t | CN¥7.7t | CN¥554.7b | 24.9x | 16.6x | 1.2x |
| Mon, 21 Mar 2022 | CN¥10.2t | CN¥7.3t | CN¥529.3b | 28x | 19.3x | 1.4x |
| Wed, 16 Feb 2022 | CN¥10.7t | CN¥7.2t | CN¥514.0b | 30x | 20.9x | 1.5x |
| Fri, 14 Jan 2022 | CN¥11.1t | CN¥7.1t | CN¥511.9b | 31.6x | 21.6x | 1.5x |
| Sun, 12 Dec 2021 | CN¥11.6t | CN¥7.1t | CN¥511.0b | 32.1x | 22.6x | 1.6x |
| Tue, 09 Nov 2021 | CN¥10.7t | CN¥7.1t | CN¥505.3b | 29.1x | 21.3x | 1.5x |
| Thu, 07 Oct 2021 | CN¥11.0t | CN¥6.6t | CN¥445.0b | 29.7x | 24.7x | 1.7x |
| Sat, 04 Sep 2021 | CN¥11.7t | CN¥6.5t | CN¥444.1b | 32.4x | 26.3x | 1.8x |
| Mon, 02 Aug 2021 | CN¥10.4t | CN¥6.5t | CN¥442.6b | 29.6x | 23.4x | 1.6x |
Price to Earnings Ratio
23.4x
Current Industry PE
- Investors are optimistic on the Chinese Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.5x which is higher than its 3-year average PE of 22.2x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 14% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.8% 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 | -3.39% | |
| Materials | -5.63% | |
| Basic Materials | -1.89% | |
| Packaging | -3.00% | |
| Paper and Forestry Products | -4.46% | |
| Chemicals | -4.98% | |
| Metals and Mining | -7.35% | |
Industry PE
- Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 21.5x.
- Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings growth of 0.9% per year.
- Investors are most pessimistic about the Metals and Mining industry, which is trading close to its 3-year average of 20.8x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Packaging industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 688122 Western Superconducting Technologies | CN¥38.37 | 6.1% +CN¥1.4b | -28.3% | PE38.1x | |
| 600176 China Jushi | CN¥10.75 | 1.8% +CN¥760.6m | -27.9% | PE17.4x | |
| 301100 Yingkou Fengguang Advanced MaterialLtd | CN¥15.20 | 27.0% +CN¥646.0m | -27.4% | PS3.7x | |
| 688102 Shaanxi Sirui Advanced Materials | CN¥8.84 | 8.9% +CN¥521.6m | -1.2% | PE63.2x | |
| 300072 Beijing Haixin Energy TechnologyLtd | CN¥2.07 | 11.9% +CN¥516.9m | -42.5% | PS0.8x |
