Benign Growth For Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Underpins Its Share Price
Jul 24
Chinese (SSE) Basic Materials Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies40
- 7D-1.9%
- 3M-14.4%
- 1Y-35.3%
- YTD-20.9%
Over the last 7 days, the Basic Materials industry has dropped 1.9%, driven by a pullback from Tianshan Material of 2.9%. The industry has fallen 35% in the last year. Looking forward, earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Chinese Basic Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥292.6b | CN¥371.5b | CN¥10.0b | 16.5x | 29.2x | 0.8x |
| Sun, 23 Jun 2024 | CN¥313.7b | CN¥371.5b | CN¥10.0b | 17x | 31.3x | 0.8x |
| Tue, 21 May 2024 | CN¥376.3b | CN¥373.1b | CN¥10.3b | 20.5x | 36.4x | 1x |
| Thu, 18 Apr 2024 | CN¥354.8b | CN¥385.4b | CN¥13.3b | 20.1x | 26.6x | 0.9x |
| Sat, 16 Mar 2024 | CN¥367.3b | CN¥392.3b | CN¥12.5b | 18.8x | 29.4x | 0.9x |
| Mon, 12 Feb 2024 | CN¥348.6b | CN¥386.8b | CN¥10.9b | 22.5x | 31.9x | 0.9x |
| Wed, 10 Jan 2024 | CN¥372.2b | CN¥386.8b | CN¥10.9b | 25.3x | 34.1x | 1x |
| Fri, 08 Dec 2023 | CN¥388.7b | CN¥384.3b | CN¥11.3b | 25.9x | 34.4x | 1x |
| Sun, 05 Nov 2023 | CN¥393.7b | CN¥383.0b | CN¥11.1b | 24.6x | 35.4x | 1x |
| Tue, 03 Oct 2023 | CN¥423.1b | CN¥393.4b | CN¥12.8b | 26.7x | 33x | 1.1x |
| Thu, 31 Aug 2023 | CN¥434.5b | CN¥393.6b | CN¥12.9b | 25.3x | 33.8x | 1.1x |
| Sat, 29 Jul 2023 | CN¥460.1b | CN¥406.6b | CN¥17.3b | 25.6x | 26.6x | 1.1x |
| Mon, 26 Jun 2023 | CN¥425.0b | CN¥406.7b | CN¥17.3b | 22.4x | 24.6x | 1x |
| Wed, 24 May 2023 | CN¥441.0b | CN¥407.0b | CN¥17.3b | 24.3x | 25.5x | 1.1x |
| Fri, 21 Apr 2023 | CN¥483.7b | CN¥416.1b | CN¥24.6b | 23.2x | 19.7x | 1.2x |
| Sun, 19 Mar 2023 | CN¥502.5b | CN¥444.0b | CN¥31.4b | 21x | 16x | 1.1x |
| Tue, 14 Feb 2023 | CN¥530.4b | CN¥445.9b | CN¥32.1b | 18.7x | 16.5x | 1.2x |
| Thu, 12 Jan 2023 | CN¥495.3b | CN¥445.8b | CN¥32.3b | 17.1x | 15.3x | 1.1x |
| Sat, 10 Dec 2022 | CN¥519.9b | CN¥445.2b | CN¥32.3b | 18.6x | 16.1x | 1.2x |
| Mon, 07 Nov 2022 | CN¥457.9b | CN¥444.1b | CN¥32.0b | 16.4x | 14.3x | 1x |
| Wed, 05 Oct 2022 | CN¥463.5b | CN¥459.2b | CN¥38.1b | 15.7x | 12.2x | 1x |
| Fri, 02 Sep 2022 | CN¥510.1b | CN¥462.8b | CN¥38.7b | 17.4x | 13.2x | 1.1x |
| Sun, 31 Jul 2022 | CN¥556.2b | CN¥471.8b | CN¥43.1b | 16.4x | 12.9x | 1.2x |
| Tue, 28 Jun 2022 | CN¥599.6b | CN¥473.2b | CN¥43.7b | 17.4x | 13.7x | 1.3x |
| Thu, 26 May 2022 | CN¥568.2b | CN¥470.4b | CN¥43.7b | 16.3x | 13x | 1.2x |
| Sat, 23 Apr 2022 | CN¥538.9b | CN¥470.5b | CN¥45.9b | 17x | 11.7x | 1.1x |
| Mon, 21 Mar 2022 | CN¥592.6b | CN¥314.1b | CN¥37.1b | 19.1x | 16x | 1.9x |
| Wed, 16 Feb 2022 | CN¥638.9b | CN¥311.2b | CN¥36.0b | 19.1x | 17.7x | 2.1x |
| Fri, 14 Jan 2022 | CN¥629.9b | CN¥308.7b | CN¥35.8b | 18.1x | 17.6x | 2x |
| Sun, 12 Dec 2021 | CN¥596.7b | CN¥308.7b | CN¥35.8b | 17.6x | 16.7x | 1.9x |
| Tue, 09 Nov 2021 | CN¥548.7b | CN¥308.6b | CN¥35.7b | 15.6x | 15.4x | 1.8x |
| Thu, 07 Oct 2021 | CN¥488.5b | CN¥290.1b | CN¥35.3b | 16.4x | 13.9x | 1.7x |
| Sat, 04 Sep 2021 | CN¥533.8b | CN¥289.7b | CN¥35.4b | 18.8x | 15.1x | 1.8x |
| Mon, 02 Aug 2021 | CN¥472.8b | CN¥289.1b | CN¥35.2b | 17.2x | 13.4x | 1.6x |
Price to Earnings Ratio
13.4x
Current Industry PE
- Investors are optimistic on the Chinese Basic Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.2x which is higher than its 3-year average PE of 21.5x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.79x.
Past Earnings Growth
- The earnings for companies in the Basic Materials industry have declined 34% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.7% 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 industry?
| CN Market | -3.39% | |
| Materials | -5.63% | |
| Basic Materials | -1.89% | |
| Construction Materials | -1.89% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600176 China Jushi | CN¥10.75 | 1.8% +CN¥760.6m | -27.9% | PE17.4x | |
| 001212 Sinostone(Guangdong)Ltd | CN¥24.65 | 21.2% +CN¥508.0m | -7.3% | PE38.2x | |
| 002233 Guangdong Tapai Group | CN¥7.22 | 1.0% +CN¥78.9m | -14.8% | PE12.4x | |
| 600678 Sichuan Golden Summit (group) | CN¥5.27 | 4.4% +CN¥76.8m | -9.6% | PS5.5x | |
| 002302 China West Construction Group | CN¥4.92 | 1.2% +CN¥75.7m | -35.1% | PE10.5x |