Hangzhou Oxygen Plant Group Co.,Ltd.'s (SZSE:002430) Price Is Right But Growth Is Lacking
Apr 16
Chinese (SSE) Industrial Gases Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies8
- 7D-1.1%
- 3M6.0%
- 1Y-27.9%
- YTDn/a
Over the last 7 days, the Industrial Gases industry has dropped 2.5%, driven by Peric Special Gases declining 6.7%. The industry has fallen 23% in the last year. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Chinese Industrial Gases Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | CN¥92.2b | CN¥23.8b | CN¥2.6b | 39.8x | 35.2x | 3.9x |
| Wed, 20 Mar 2024 | CN¥95.4b | CN¥23.4b | CN¥2.2b | 44.3x | 43x | 4.1x |
| Fri, 16 Feb 2024 | CN¥89.9b | CN¥23.4b | CN¥2.2b | 40.8x | 40x | 3.8x |
| Sun, 14 Jan 2024 | CN¥95.9b | CN¥23.4b | CN¥2.2b | 45.7x | 42.7x | 4.1x |
| Tue, 12 Dec 2023 | CN¥109.1b | CN¥23.4b | CN¥2.2b | 51x | 48.6x | 4.7x |
| Thu, 09 Nov 2023 | CN¥113.8b | CN¥23.5b | CN¥2.2b | 53.8x | 50.9x | 4.8x |
| Sat, 07 Oct 2023 | CN¥109.1b | CN¥23.6b | CN¥2.4b | 49.8x | 44.9x | 4.6x |
| Mon, 04 Sep 2023 | CN¥109.7b | CN¥23.6b | CN¥2.4b | 49.7x | 45.1x | 4.7x |
| Wed, 02 Aug 2023 | CN¥98.4b | CN¥22.3b | CN¥2.3b | 50.4x | 42.4x | 4.4x |
| Fri, 30 Jun 2023 | CN¥100.0b | CN¥22.3b | CN¥2.3b | 50.3x | 43.1x | 4.5x |
| Sun, 28 May 2023 | CN¥105.8b | CN¥22.3b | CN¥2.3b | 52.9x | 45.6x | 4.7x |
| Tue, 25 Apr 2023 | CN¥109.6b | CN¥21.3b | CN¥2.3b | 53.5x | 46.7x | 5.2x |
| Thu, 23 Mar 2023 | CN¥77.7b | CN¥19.4b | CN¥2.2b | 51.1x | 35.4x | 4x |
| Sat, 18 Feb 2023 | CN¥78.6b | CN¥19.2b | CN¥2.2b | 48.1x | 35.7x | 4.1x |
| Mon, 16 Jan 2023 | CN¥80.3b | CN¥19.2b | CN¥2.2b | 44.1x | 36.5x | 4.2x |
| Wed, 14 Dec 2022 | CN¥81.0b | CN¥19.2b | CN¥2.2b | 44.2x | 36.8x | 4.2x |
| Fri, 11 Nov 2022 | CN¥85.1b | CN¥19.2b | CN¥2.2b | 48.2x | 38.7x | 4.4x |
| Sun, 09 Oct 2022 | CN¥78.8b | CN¥18.7b | CN¥2.0b | 54.3x | 39.6x | 4.2x |
| Tue, 06 Sep 2022 | CN¥83.5b | CN¥18.7b | CN¥2.0b | 62.3x | 42x | 4.5x |
| Thu, 04 Aug 2022 | CN¥79.0b | CN¥18.1b | CN¥2.0b | 50.5x | 40.2x | 4.4x |
| Sat, 02 Jul 2022 | CN¥72.5b | CN¥18.1b | CN¥2.0b | 52.9x | 36.6x | 4x |
| Mon, 30 May 2022 | CN¥56.1b | CN¥17.3b | CN¥1.8b | 50.4x | 31.2x | 3.2x |
| Wed, 27 Apr 2022 | CN¥46.2b | CN¥16.7b | CN¥1.8b | 43.3x | 26.2x | 2.8x |
| Fri, 25 Mar 2022 | CN¥62.2b | CN¥16.5b | CN¥1.8b | 64.4x | 35.2x | 3.8x |
| Sun, 20 Feb 2022 | CN¥60.8b | CN¥16.2b | CN¥1.8b | 61.8x | 34.6x | 3.8x |
| Tue, 18 Jan 2022 | CN¥66.8b | CN¥16.2b | CN¥1.8b | 71.2x | 38x | 4.1x |
| Thu, 16 Dec 2021 | CN¥65.4b | CN¥16.2b | CN¥1.8b | 71.7x | 37.2x | 4x |
| Sat, 13 Nov 2021 | CN¥58.6b | CN¥16.2b | CN¥1.8b | 68.6x | 33.3x | 3.6x |
| Mon, 11 Oct 2021 | CN¥33.0b | CN¥4.2b | CN¥523.4m | 66.4x | 63x | 7.8x |
| Wed, 08 Sep 2021 | CN¥34.5b | CN¥4.2b | CN¥523.4m | 70.9x | 65.9x | 8.1x |
| Fri, 06 Aug 2021 | CN¥36.2b | CN¥4.2b | CN¥523.4m | 73.5x | 69.2x | 8.5x |
| Mon, 10 May 2021 | CN¥27.5b | CN¥3.9b | CN¥514.6m | 57x | 53.4x | 7x |
Price to Earnings Ratio
53.4x
Current Industry PE
- Investors are pessimistic on the Chinese Industrial Gases 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 35.5x which is lower than its 3-year average PE of 43.3x.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Industrial Gases industry have grown 72% per year over the last three years.
- Revenues for these companies have grown 82% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Industrial Gases compare with similar industries?
| CN Market | -0.40% | |
| Materials | -1.25% | |
| Chemicals | -1.12% | |
| Industrial Gases | -1.13% | |
| Fertilizers and Agricultural Chemicals | 1.58% | |
| Diversified Chemicals | 0.43% | |
| Commodity Chemicals | -0.89% | |
| Specialty Chemicals | -2.77% | |
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 | |
|---|---|---|---|---|---|
| 301286 Sichuan Qiaoyuan GasLtd | CN¥30.35 | 0.3% +CN¥40.0m | 17.5% | PE59.9x | |
| 688268 Guangdong Huate Gas | CN¥44.46 | 0.3% +CN¥18.0m | -50.0% | PE31.1x |
