Hunan Valin Steel (SZSE:000932) Will Want To Turn Around Its Return Trends
Jul 22
Chinese (SSE) Steel Industry Analysis
UpdatedJul 23, 2024
DataAggregated Company Financials
Companies84
- 7D-1.4%
- 3M-11.9%
- 1Y-16.0%
- YTDn/a
In the last week, the Steel industry is flat overall, with Citic Pacific Special Steel Group standing out by going down 4.0%. As for the longer term, the industry has declined 16% in the last year. Earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Chinese Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Jul 2024 | CN¥910.7b | CN¥2.2t | CN¥40.5b | 20.3x | 22.5x | 0.4x |
| Thu, 20 Jun 2024 | CN¥961.5b | CN¥2.2t | CN¥40.5b | 21.9x | 23.7x | 0.4x |
| Sat, 18 May 2024 | CN¥1.1t | CN¥2.2t | CN¥40.8b | 23.8x | 26.1x | 0.5x |
| Mon, 15 Apr 2024 | CN¥1.1t | CN¥2.2t | CN¥47.6b | 26x | 22.2x | 0.5x |
| Wed, 13 Mar 2024 | CN¥1.0t | CN¥2.2t | CN¥46.5b | 27.7x | 21.9x | 0.5x |
| Fri, 09 Feb 2024 | CN¥965.1b | CN¥2.2t | CN¥46.2b | 24.2x | 20.9x | 0.4x |
| Sun, 07 Jan 2024 | CN¥1.0t | CN¥2.2t | CN¥45.0b | 30.6x | 23.2x | 0.5x |
| Tue, 05 Dec 2023 | CN¥1.1t | CN¥2.2t | CN¥44.8b | 31.7x | 23.9x | 0.5x |
| Thu, 02 Nov 2023 | CN¥1.1t | CN¥2.2t | CN¥43.8b | 32.2x | 24.2x | 0.5x |
| Sat, 30 Sep 2023 | CN¥1.1t | CN¥2.2t | CN¥34.4b | 30.5x | 31.5x | 0.5x |
| Mon, 28 Aug 2023 | CN¥1.1t | CN¥2.3t | CN¥40.5b | 26.5x | 26.1x | 0.5x |
| Wed, 26 Jul 2023 | CN¥1.1t | CN¥2.3t | CN¥44.3b | 29x | 25.1x | 0.5x |
| Fri, 23 Jun 2023 | CN¥1.0t | CN¥2.3t | CN¥44.2b | 27.4x | 23.8x | 0.5x |
| Sun, 21 May 2023 | CN¥1.1t | CN¥2.3t | CN¥44.4b | 25.7x | 25.6x | 0.5x |
| Tue, 18 Apr 2023 | CN¥1.2t | CN¥2.4t | CN¥56.8b | 29.2x | 21.7x | 0.5x |
| Thu, 16 Mar 2023 | CN¥1.3t | CN¥2.4t | CN¥54.9b | 30.6x | 22.9x | 0.5x |
| Sat, 11 Feb 2023 | CN¥1.2t | CN¥2.4t | CN¥54.8b | 32.1x | 22.5x | 0.5x |
| Mon, 09 Jan 2023 | CN¥1.2t | CN¥2.4t | CN¥54.8b | 29.8x | 21.5x | 0.5x |
| Wed, 07 Dec 2022 | CN¥1.2t | CN¥2.4t | CN¥54.8b | 30.8x | 22.7x | 0.5x |
| Fri, 04 Nov 2022 | CN¥1.2t | CN¥2.4t | CN¥55.0b | 28.8x | 21.1x | 0.5x |
| Sun, 02 Oct 2022 | CN¥1.2t | CN¥2.5t | CN¥86.9b | 22.9x | 13.5x | 0.5x |
| Tue, 30 Aug 2022 | CN¥1.3t | CN¥2.5t | CN¥97.8b | 25.4x | 13.1x | 0.5x |
| Thu, 28 Jul 2022 | CN¥1.3t | CN¥2.5t | CN¥113.5b | 26.2x | 11.4x | 0.5x |
| Sat, 25 Jun 2022 | CN¥1.3t | CN¥2.5t | CN¥113.7b | 24.6x | 11.6x | 0.5x |
| Mon, 23 May 2022 | CN¥1.2t | CN¥2.5t | CN¥113.5b | 21.9x | 10.8x | 0.5x |
| Wed, 20 Apr 2022 | CN¥1.4t | CN¥2.4t | CN¥127.5b | 18.7x | 10.6x | 0.6x |
| Fri, 18 Mar 2022 | CN¥1.3t | CN¥2.3t | CN¥130.3b | 19.5x | 9.7x | 0.5x |
| Sun, 13 Feb 2022 | CN¥1.4t | CN¥2.3t | CN¥131.7b | 20.8x | 10.7x | 0.6x |
| Tue, 11 Jan 2022 | CN¥1.4t | CN¥2.3t | CN¥131.5b | 21.5x | 11x | 0.6x |
| Thu, 09 Dec 2021 | CN¥1.4t | CN¥2.3t | CN¥131.5b | 20.3x | 10.7x | 0.6x |
| Sat, 06 Nov 2021 | CN¥1.3t | CN¥2.3t | CN¥131.2b | 18.5x | 9.6x | 0.5x |
| Mon, 04 Oct 2021 | CN¥1.4t | CN¥2.1t | CN¥116.3b | 18.1x | 12.2x | 0.7x |
| Wed, 01 Sep 2021 | CN¥1.6t | CN¥2.1t | CN¥116.2b | 18x | 13.6x | 0.7x |
Price to Earnings Ratio
11.7x
Current Industry PE
- Investors are optimistic on the Chinese Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.6x which is higher than its 3-year average PE of 18.7x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 30% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Chinese Steel compare with similar industries?
| CN Market | 0.55% | |
| Materials | -1.96% | |
| Metals and Mining | -3.08% | |
| Steel | -1.42% | |
| Gold | 0.20% | |
| Silver | 0% | |
| Diversified Metals and Mining | -3.65% | |
| Precious Metals and Minerals | -3.99% | |
| Aluminum | -6.96% | |
| Copper | -7.67% | |
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 | |
|---|---|---|---|---|---|
| 688122 Western Superconducting Technologies | CN¥36.34 | 3.3% +CN¥753.6m | -30.8% | PE36.1x | |
| 301063 Zhangjiagang Haiguo New Energy Equipment Manufacturing | CN¥17.11 | 18.0% +CN¥268.7m | -36.5% | PE35.2x | |
| 600022 Shandong Iron and Steel | CN¥1.25 | 0.8% +CN¥106.9m | -13.2% | PS0.2x | |
| 301040 Zhangjiagang Zhonghuan Hailu High-End Equipment | CN¥10.04 | 8.5% +CN¥79.0m | -50.7% | PS1.6x | |
| 301163 Jiangsu Hongde Special PartsLtd | CN¥19.96 | 5.1% +CN¥78.3m | -30.0% | PE38.2x |
