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Aug 02
Chinese (SSE) Chemicals Industry Analysis
UpdatedAug 03, 2024
DataAggregated Company Financials
Companies487
- 7D0.6%
- 3M-14.5%
- 1Y-28.3%
- YTD-18.3%
In the last week, the Chemicals industry is up 3.2%, with Haohua Chemical Science & Technology up 3.5%. Meanwhile, Wanhua Chemical Group actually underperformed within the industry, shrinking 6.7% in the last week. In the past year, the industry is down 28%. Earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Chinese Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 03 Aug 2024 | CN¥3.9t | CN¥3.6t | CN¥144.2b | 28.5x | 27.1x | 1.1x |
| Mon, 01 Jul 2024 | CN¥4.1t | CN¥3.6t | CN¥143.0b | 29.2x | 28.6x | 1.1x |
| Wed, 29 May 2024 | CN¥4.4t | CN¥3.5t | CN¥136.9b | 32.4x | 32.2x | 1.2x |
| Fri, 26 Apr 2024 | CN¥4.3t | CN¥3.5t | CN¥158.6b | 29.1x | 27.2x | 1.2x |
| Sun, 24 Mar 2024 | CN¥4.4t | CN¥3.5t | CN¥176.8b | 29.9x | 24.7x | 1.2x |
| Tue, 20 Feb 2024 | CN¥4.0t | CN¥3.5t | CN¥174.7b | 26x | 23.1x | 1.2x |
| Thu, 18 Jan 2024 | CN¥4.4t | CN¥3.5t | CN¥171.4b | 33.5x | 25.4x | 1.2x |
| Sat, 16 Dec 2023 | CN¥4.6t | CN¥3.5t | CN¥170.4b | 35.5x | 26.8x | 1.3x |
| Mon, 13 Nov 2023 | CN¥4.8t | CN¥3.5t | CN¥170.5b | 36.8x | 28.4x | 1.4x |
| Wed, 11 Oct 2023 | CN¥4.8t | CN¥3.5t | CN¥192.3b | 34.1x | 25.1x | 1.4x |
| Fri, 08 Sep 2023 | CN¥5.0t | CN¥3.5t | CN¥193.2b | 34.3x | 26x | 1.4x |
| Sun, 06 Aug 2023 | CN¥5.3t | CN¥3.5t | CN¥253.7b | 28.5x | 20.7x | 1.5x |
| Tue, 04 Jul 2023 | CN¥5.2t | CN¥3.5t | CN¥254.8b | 29.5x | 20.3x | 1.5x |
| Thu, 01 Jun 2023 | CN¥5.1t | CN¥3.5t | CN¥253.9b | 28.7x | 19.9x | 1.4x |
| Sat, 29 Apr 2023 | CN¥5.3t | CN¥3.5t | CN¥274.8b | 28x | 19.4x | 1.5x |
| Mon, 27 Mar 2023 | CN¥5.7t | CN¥3.5t | CN¥329.9b | 29.1x | 17.3x | 1.6x |
| Wed, 22 Feb 2023 | CN¥6.1t | CN¥3.5t | CN¥323.9b | 29.9x | 18.9x | 1.8x |
| Fri, 20 Jan 2023 | CN¥5.7t | CN¥3.4t | CN¥309.0b | 28.5x | 18.4x | 1.7x |
| Sun, 18 Dec 2022 | CN¥5.6t | CN¥3.4t | CN¥309.1b | 28.2x | 18.1x | 1.6x |
| Tue, 15 Nov 2022 | CN¥5.6t | CN¥3.4t | CN¥308.6b | 28x | 18.2x | 1.6x |
| Thu, 13 Oct 2022 | CN¥5.6t | CN¥3.3t | CN¥332.7b | 25.4x | 16.7x | 1.7x |
| Sat, 10 Sep 2022 | CN¥6.2t | CN¥3.3t | CN¥331.3b | 28.5x | 18.7x | 1.9x |
| Mon, 08 Aug 2022 | CN¥6.2t | CN¥3.1t | CN¥313.2b | 28.7x | 19.8x | 2x |
| Wed, 06 Jul 2022 | CN¥6.5t | CN¥3.1t | CN¥312.0b | 28.3x | 21x | 2.1x |
| Fri, 03 Jun 2022 | CN¥5.8t | CN¥3.1t | CN¥312.9b | 25.8x | 18.5x | 1.9x |
| Sun, 01 May 2022 | CN¥5.2t | CN¥3.0t | CN¥301.6b | 23.4x | 17.2x | 1.7x |
| Tue, 29 Mar 2022 | CN¥5.8t | CN¥2.8t | CN¥274.8b | 29.4x | 21.1x | 2.1x |
| Thu, 24 Feb 2022 | CN¥6.5t | CN¥2.7t | CN¥256.3b | 33.4x | 25.3x | 2.4x |
| Sat, 22 Jan 2022 | CN¥5.9t | CN¥2.7t | CN¥252.9b | 32.7x | 23.3x | 2.2x |
| Mon, 20 Dec 2021 | CN¥6.5t | CN¥2.7t | CN¥252.2b | 33.9x | 25.7x | 2.4x |
| Wed, 17 Nov 2021 | CN¥6.1t | CN¥2.6t | CN¥251.2b | 33.1x | 24.3x | 2.3x |
| Fri, 15 Oct 2021 | CN¥6.1t | CN¥2.4t | CN¥214.5b | 31.2x | 28.5x | 2.5x |
| Sun, 12 Sep 2021 | CN¥7.0t | CN¥2.4t | CN¥213.9b | 34.7x | 32.7x | 2.9x |
| Tue, 10 Aug 2021 | CN¥6.1t | CN¥2.4t | CN¥213.7b | 32.2x | 28.3x | 2.5x |
Price to Earnings Ratio
28.3x
Current Industry PE
- Investors are optimistic on the Chinese Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.4x which is higher than its 3-year average PE of 23.1x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 | 0.82% | |
| Materials | 1.01% | |
| Chemicals | 0.60% | |
| Commodity Chemicals | 1.03% | |
| Industrial Gases | 0.86% | |
| Specialty Chemicals | 0.44% | |
| Fertilizers and Agricultural Chemicals | 0.38% | |
| Diversified Chemicals | -3.52% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry even though it's trading below its 3-year average PE ratio of 41.4x.
- Analysts are expecting annual earnings growth of 25.8%, which is higher than its past year's earnings decline of 1.8% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 18.5x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 600378 Haohua Chemical Science & Technology | CN¥27.88 | 3.5% +CN¥6.3b | -20.1% | PE38.2x | |
| 002001 Zhejiang NHU | CN¥21.62 | 7.5% +CN¥4.6b | 31.9% | PE22.7x | |
| 603826 Fujian Kuncai Material Technology | CN¥28.51 | 10.7% +CN¥1.8b | -23.1% | PE205.8x | |
| 300641 Jiangsu Zhengdan Chemical Industry | CN¥29.80 | 12.5% +CN¥1.8b | 451.9% | PE275.2x | |
| 000893 Asia-potash International Investment (Guangzhou)Co.Ltd | CN¥16.36 | 12.7% +CN¥1.7b | -38.6% | PE15.3x |
