Revenues Not Telling The Story For Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) After Shares Rise 49%
Sep 26
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Chinese (SSE) Packaging Industry Analysis
UpdatedSep 27, 2024
DataAggregated Company Financials
Companies45
- 7D9.3%
- 3M1.1%
- 1Y-21.6%
- YTD-19.7%
The Packaging industry is up 9.3% in the last week, with ShenZhen YUTO Packaging Technology up 16%. Meanwhile, Zhejiang Zhongxin Environmental Protection Technology Group actually underperformed within the industry, shrinking 6.4% in the last week. In the past year, the industry is down 22%. Looking forward, earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Chinese Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 27 Sep 2024 | CN¥178.8b | CN¥139.2b | CN¥5.4b | 26.4x | 33x | 1.3x |
| Sun, 25 Aug 2024 | CN¥158.6b | CN¥137.5b | CN¥5.7b | 25.9x | 27.9x | 1.2x |
| Tue, 23 Jul 2024 | CN¥166.3b | CN¥137.8b | CN¥5.6b | 29x | 29.9x | 1.2x |
| Thu, 20 Jun 2024 | CN¥181.9b | CN¥137.8b | CN¥5.6b | 29.6x | 32.7x | 1.3x |
| Sat, 18 May 2024 | CN¥203.5b | CN¥137.7b | CN¥5.6b | 32x | 36.6x | 1.5x |
| Mon, 15 Apr 2024 | CN¥197.4b | CN¥139.6b | CN¥5.6b | 32.3x | 34.9x | 1.4x |
| Wed, 13 Mar 2024 | CN¥195.8b | CN¥140.5b | CN¥5.9b | 31.2x | 33x | 1.4x |
| Fri, 09 Feb 2024 | CN¥171.8b | CN¥140.5b | CN¥5.9b | 25.8x | 29x | 1.2x |
| Sun, 07 Jan 2024 | CN¥216.8b | CN¥140.5b | CN¥5.9b | 39.9x | 36.6x | 1.5x |
| Tue, 05 Dec 2023 | CN¥220.6b | CN¥140.5b | CN¥6.0b | 39.5x | 36.7x | 1.6x |
| Thu, 02 Nov 2023 | CN¥225.4b | CN¥147.0b | CN¥6.3b | 38.7x | 35.6x | 1.5x |
| Sat, 30 Sep 2023 | CN¥229.0b | CN¥149.4b | CN¥6.3b | 41x | 36.2x | 1.5x |
| Mon, 28 Aug 2023 | CN¥221.3b | CN¥151.1b | CN¥6.8b | 33.8x | 32.8x | 1.5x |
| Wed, 26 Jul 2023 | CN¥234.7b | CN¥150.1b | CN¥6.5b | 38.4x | 36.2x | 1.6x |
| Fri, 23 Jun 2023 | CN¥223.2b | CN¥150.3b | CN¥6.5b | 37.6x | 34.3x | 1.5x |
| Sun, 21 May 2023 | CN¥227.7b | CN¥149.1b | CN¥6.4b | 40.4x | 35.4x | 1.5x |
| Tue, 18 Apr 2023 | CN¥235.3b | CN¥153.9b | CN¥7.7b | 32.2x | 30.5x | 1.5x |
| Thu, 16 Mar 2023 | CN¥241.9b | CN¥154.7b | CN¥8.8b | 30x | 27.5x | 1.6x |
| Sat, 11 Feb 2023 | CN¥256.2b | CN¥154.4b | CN¥8.7b | 31.6x | 29.5x | 1.7x |
| Mon, 09 Jan 2023 | CN¥241.9b | CN¥154.4b | CN¥8.7b | 29.4x | 27.9x | 1.6x |
| Wed, 07 Dec 2022 | CN¥244.6b | CN¥154.4b | CN¥8.7b | 29.3x | 28.2x | 1.6x |
| Fri, 04 Nov 2022 | CN¥231.4b | CN¥154.4b | CN¥8.6b | 28.3x | 26.9x | 1.5x |
| Sun, 02 Oct 2022 | CN¥218.9b | CN¥149.6b | CN¥9.2b | 26.7x | 23.8x | 1.5x |
| Tue, 30 Aug 2022 | CN¥233.3b | CN¥148.3b | CN¥9.4b | 31.4x | 24.9x | 1.6x |
| Thu, 28 Jul 2022 | CN¥249.2b | CN¥147.4b | CN¥9.8b | 30.7x | 25.5x | 1.7x |
| Sat, 25 Jun 2022 | CN¥233.8b | CN¥147.4b | CN¥9.8b | 28.4x | 24x | 1.6x |
| Mon, 23 May 2022 | CN¥217.7b | CN¥147.0b | CN¥9.9b | 26.9x | 22x | 1.5x |
| Wed, 20 Apr 2022 | CN¥224.3b | CN¥140.8b | CN¥11.2b | 26.2x | 20x | 1.6x |
| Fri, 18 Mar 2022 | CN¥248.9b | CN¥139.9b | CN¥11.3b | 27.5x | 22.1x | 1.8x |
| Sun, 13 Feb 2022 | CN¥272.7b | CN¥138.1b | CN¥11.1b | 31.1x | 24.6x | 2x |
| Tue, 11 Jan 2022 | CN¥508.8b | CN¥145.1b | CN¥13.3b | 36.5x | 38.2x | 3.5x |
| Thu, 09 Dec 2021 | CN¥513.9b | CN¥144.5b | CN¥13.2b | 34.5x | 38.8x | 3.6x |
| Sat, 06 Nov 2021 | CN¥496.6b | CN¥143.7b | CN¥13.1b | 29.1x | 37.8x | 3.5x |
| Mon, 04 Oct 2021 | CN¥502.7b | CN¥138.1b | CN¥12.7b | 31.9x | 39.7x | 3.6x |
Price to Earnings Ratio
39.7x
Current Industry PE
- Investors are relatively neutral on the Chinese Packaging industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 31.0x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 25% 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 Trends
Which industries have driven the changes within the Chinese Materials industry?
| CN Market | 9.62% | |
| Materials | 9.27% | |
| Packaging | 9.27% | |
| Paper Packaging | 9.47% | |
| Metal and Glass Containers | 8.95% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 32.7x.
- Analysts are expecting annual earnings growth of 35.6%, which is higher than its past year's earnings growth of 12.7% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 29.2x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 002831 ShenZhen YUTO Packaging Technology | CN¥23.94 | 16.3% +CN¥3.1b | -3.0% | PE14.6x | |
| 002859 Zhejiang Jiemei Electronic And Technology | CN¥18.86 | 20.2% +CN¥1.4b | -28.0% | PE29x | |
| 600210 Shanghai Zijiang Enterprise Group | CN¥5.62 | 14.2% +CN¥1.1b | 4.7% | PE14x | |
| 002701 ORG TechnologyLtd | CN¥4.65 | 9.7% +CN¥1.0b | -0.2% | PE13.9x | |
| 002585 Jiangsu Shuangxing Color Plastic New Materials | CN¥5.17 | 20.8% +CN¥1.0b | -43.6% | PS1.1x |
