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Chinese (SSE) Materials Sector Analysis

UpdatedFeb 28, 2024
DataAggregated Company Financials
Companies799
  • 7D4.8%
  • 3M-9.3%
  • 1Y-27.9%
  • YTD-7.4%

Over the last 7 days, the Materials industry has risen 4.8%, driven by gains from Tianqi Lithium of 6.4%. Meanwhile, Jiangsu Eastern ShenghongLtd actually underperformed within the industry, shrinking 5.2% in the last week. In contrast, the industry has lost 28% in the last 12 months. As for the next few years, earnings are expected to grow by 34% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Feb 2024CN¥7.5tCN¥8.4tCN¥310.0b28.4x24.3x0.9x
Fri, 26 Jan 2024CN¥7.5tCN¥8.4tCN¥304.3b30.1x24.6x0.9x
Sun, 24 Dec 2023CN¥7.8tCN¥8.3tCN¥300.6b33.4x26.1x0.9x
Tue, 21 Nov 2023CN¥8.4tCN¥8.3tCN¥300.1b35x28x1x
Thu, 19 Oct 2023CN¥8.2tCN¥8.3tCN¥314.0b31.7x26.2x1x
Sat, 16 Sep 2023CN¥8.6tCN¥8.3tCN¥313.6b33.2x27.5x1x
Mon, 14 Aug 2023CN¥8.8tCN¥8.5tCN¥396.3b29.4x22.2x1x
Wed, 12 Jul 2023CN¥8.9tCN¥8.5tCN¥399.4b30.5x22.2x1x
Fri, 09 Jun 2023CN¥8.6tCN¥8.4tCN¥398.5b28.6x21.6x1x
Sun, 07 May 2023CN¥9.0tCN¥8.5tCN¥414.4b29.5x21.7x1.1x
Tue, 04 Apr 2023CN¥9.6tCN¥8.5tCN¥505.5b28.7x19.1x1.1x
Thu, 02 Mar 2023CN¥10.2tCN¥8.4tCN¥508.8b30.9x20.1x1.2x
Sat, 28 Jan 2023CN¥10.0tCN¥8.4tCN¥513.5b29.1x19.4x1.2x
Mon, 26 Dec 2022CN¥9.1tCN¥8.4tCN¥513.2b26.5x17.8x1.1x
Wed, 23 Nov 2022CN¥9.6tCN¥8.4tCN¥512.5b27.7x18.7x1.1x
Fri, 21 Oct 2022CN¥9.5tCN¥8.4tCN¥575.3b26.6x16.5x1.1x
Sun, 18 Sep 2022CN¥9.9tCN¥8.4tCN¥570.8b26.7x17.3x1.2x
Tue, 16 Aug 2022CN¥11.1tCN¥8.1tCN¥580.5b29.7x19x1.4x
Thu, 14 Jul 2022CN¥10.6tCN¥8.1tCN¥574.7b27.6x18.4x1.3x
Sat, 11 Jun 2022CN¥10.6tCN¥8.1tCN¥575.2b27.1x18.4x1.3x
Mon, 09 May 2022CN¥9.1tCN¥8.1tCN¥570.9b23.5x15.9x1.1x
Wed, 06 Apr 2022CN¥10.3tCN¥7.6tCN¥549.0b27.8x18.7x1.4x
Fri, 04 Mar 2022CN¥11.1tCN¥7.2tCN¥514.6b31.3x21.6x1.6x
Sun, 30 Jan 2022CN¥10.3tCN¥7.2tCN¥513.1b29.2x20.1x1.4x
Tue, 28 Dec 2021CN¥11.1tCN¥7.1tCN¥511.3b32.1x21.8x1.6x
Thu, 25 Nov 2021CN¥11.3tCN¥7.1tCN¥506.3b32.4x22.3x1.6x
Sat, 23 Oct 2021CN¥11.0tCN¥6.6tCN¥455.7b30.1x24.1x1.7x
Mon, 20 Sep 2021CN¥12.3tCN¥6.6tCN¥444.4b32.9x27.6x1.9x
Wed, 18 Aug 2021CN¥10.9tCN¥6.5tCN¥443.9b31.5x24.5x1.7x
Wed, 02 Jun 2021CN¥8.9tCN¥6.0tCN¥349.5b29.9x25.4x1.5x
Sat, 06 Mar 2021CN¥8.2tCN¥5.4tCN¥270.3b34.6x30.4x1.5x
Price to Earnings Ratio

30.4x


Total Market Cap: CN¥8.2tTotal Earnings: CN¥270.3bTotal Revenue: CN¥5.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Materials Sector Price to Earnings3Y Average 21.6x202220232024
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 24.3x which is higher than its 3-year average PE of 21.6x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 4.7% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Chinese Materials sector?

CN Market5.29%
Materials4.81%
Packaging8.97%
Paper and Forestry Products7.00%
Chemicals5.38%
Basic Materials3.93%
Metals and Mining3.52%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 61.9x.
    • Analysts are expecting annual earnings growth of 38.5%, which is higher than its past year's earnings decline of 26.2% per year.
  • Investors are most pessimistic about the Metals and Mining industry, which is trading close to its 3-year average of 20.4x.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Metals and Mining industry is expected to see its earnings grow by 28% 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
2466 Tianqi LithiumCN¥50.166.4%
+CN¥4.9b
-38.9%PE5.1x
600989 Ningxia Baofeng Energy GroupCN¥15.073.9%
+CN¥4.1b
-7.2%PE22.9x
600160 Zhejiang JuhuaCN¥20.707.3%
+CN¥3.8b
8.0%PE39.1x
2460 Ganfeng Lithium GroupCN¥37.433.5%
+CN¥2.6b
-48.2%PE6.4x
600126 Hang Zhou Iron & SteelLtdCN¥5.0916.7%
+CN¥2.5b
4.3%PE248.3x
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