iFLYTEKLTD (SZSE:002230) Is Carrying A Fair Bit Of Debt
Apr 24
Chinese (SSE) Tech Sector Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies982
- 7D-0.2%
- 3M-2.2%
- 1Y-22.8%
- YTD-11.9%
Over the last 7 days, the Tech industry has risen 1.7%, driven by gains from Beijing Kingsoft Office Software of 5.4%. Meanwhile, Hygon Information Technology actually underperformed within the industry, shrinking 5.9% in the last week. However, the industry is down 26% over the past year. Earnings are forecast to grow by 34% annually.
Sector Valuation and Performance
Has the Chinese Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | CN¥11.3t | CN¥5.7t | CN¥284.8b | 44.7x | 39.7x | 2x |
| Sat, 23 Mar 2024 | CN¥12.5t | CN¥5.7t | CN¥270.4b | 51.4x | 46.1x | 2.2x |
| Mon, 19 Feb 2024 | CN¥10.5t | CN¥5.6t | CN¥270.6b | 40x | 38.7x | 1.9x |
| Wed, 17 Jan 2024 | CN¥11.6t | CN¥5.6t | CN¥263.9b | 53.6x | 44x | 2.1x |
| Fri, 15 Dec 2023 | CN¥12.9t | CN¥5.6t | CN¥263.2b | 56.9x | 49.2x | 2.3x |
| Sun, 12 Nov 2023 | CN¥13.2t | CN¥5.6t | CN¥264.0b | 56.4x | 49.9x | 2.3x |
| Tue, 10 Oct 2023 | CN¥13.1t | CN¥5.6t | CN¥275.3b | 53x | 47.5x | 2.3x |
| Thu, 07 Sep 2023 | CN¥13.6t | CN¥5.6t | CN¥275.2b | 55x | 49.3x | 2.4x |
| Sat, 05 Aug 2023 | CN¥14.0t | CN¥5.3t | CN¥279.1b | 55.6x | 50.2x | 2.7x |
| Mon, 03 Jul 2023 | CN¥14.5t | CN¥5.3t | CN¥279.8b | 57.4x | 51.9x | 2.8x |
| Wed, 31 May 2023 | CN¥14.1t | CN¥5.2t | CN¥278.0b | 57x | 50.7x | 2.7x |
| Fri, 28 Apr 2023 | CN¥13.5t | CN¥35.0t | CN¥989.4b | 50.2x | 13.6x | 0.4x |
| Sun, 26 Mar 2023 | CN¥14.3t | CN¥5.1t | CN¥298.5b | 54.2x | 47.8x | 2.8x |
| Tue, 21 Feb 2023 | CN¥13.0t | CN¥4.9t | CN¥265.0b | 49.9x | 49.2x | 2.7x |
| Thu, 19 Jan 2023 | CN¥12.4t | CN¥4.9t | CN¥268.0b | 46.6x | 46.1x | 2.5x |
| Sat, 17 Dec 2022 | CN¥11.8t | CN¥4.9t | CN¥267.3b | 44.1x | 44.1x | 2.4x |
| Mon, 14 Nov 2022 | CN¥12.0t | CN¥4.9t | CN¥266.9b | 45.4x | 45x | 2.4x |
| Wed, 12 Oct 2022 | CN¥10.4t | CN¥4.8t | CN¥278.4b | 36.6x | 37.3x | 2.2x |
| Fri, 09 Sep 2022 | CN¥12.2t | CN¥4.7t | CN¥275.6b | 42.9x | 44.2x | 2.6x |
| Sun, 07 Aug 2022 | CN¥12.8t | CN¥4.6t | CN¥278.8b | 46.3x | 45.7x | 2.8x |
| Tue, 05 Jul 2022 | CN¥11.9t | CN¥4.5t | CN¥271.6b | 42.9x | 43.8x | 2.6x |
| Thu, 02 Jun 2022 | CN¥10.9t | CN¥4.6t | CN¥271.3b | 39.9x | 40.3x | 2.4x |
| Sat, 30 Apr 2022 | CN¥10.0t | CN¥4.8t | CN¥244.2b | 34.9x | 40.9x | 2.1x |
| Mon, 28 Mar 2022 | CN¥11.7t | CN¥4.6t | CN¥236.1b | 42.2x | 49.4x | 2.6x |
| Wed, 23 Feb 2022 | CN¥12.7t | CN¥4.4t | CN¥228.1b | 46.5x | 55.6x | 2.9x |
| Fri, 21 Jan 2022 | CN¥13.6t | CN¥4.4t | CN¥228.4b | 50.9x | 59.6x | 3.1x |
| Sun, 19 Dec 2021 | CN¥14.0t | CN¥4.4t | CN¥227.0b | 50.3x | 61.7x | 3.2x |
| Tue, 16 Nov 2021 | CN¥13.8t | CN¥4.4t | CN¥225.8b | 49.9x | 61.2x | 3.2x |
| Thu, 14 Oct 2021 | CN¥12.6t | CN¥4.3t | CN¥210.8b | 44.6x | 59.6x | 2.9x |
| Sat, 11 Sep 2021 | CN¥13.3t | CN¥4.3t | CN¥210.4b | 48.5x | 63.3x | 3.1x |
| Mon, 09 Aug 2021 | CN¥13.6t | CN¥4.3t | CN¥208.5b | 49.2x | 65.4x | 3.2x |
| Sun, 02 May 2021 | CN¥11.1t | CN¥4.1t | CN¥195.4b | 42.2x | 56.6x | 2.7x |
Price to Earnings Ratio
56.6x
Current Industry PE
- Investors are pessimistic on the Chinese Information Technology 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 38.6x which is lower than its 3-year average PE of 49.6x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Tech sector?
| CN Market | -0.42% | |
| Tech | -0.22% | |
| IT | 1.97% | |
| Software | 1.55% | |
| Communications | 1.45% | |
| Electronic Equipment and Components | 0.51% | |
| Tech Hardware | -1.85% | |
| Semiconductors | -2.29% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 269x.
- Analysts are expecting annual earnings growth of 46.6%, which is higher than its past year's earnings growth of 4.4% per year.
- Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 49.9x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| 688111 Beijing Kingsoft Office Software | CN¥304.70 | 5.4% +CN¥7.1b | -29.2% | PE99.3x | |
| 300502 Eoptolink Technology | CN¥79.38 | 11.1% +CN¥5.6b | 56.1% | PE62.3x | |
| 600845 Shanghai Baosight SoftwareLtd | CN¥40.09 | 4.8% +CN¥4.4b | -10.3% | PE36.4x | |
| 300661 SG Micro | CN¥71.58 | 15.0% +CN¥4.4b | -24.7% | PE126.3x | |
| 2415 Hangzhou Hikvision Digital Technology | CN¥32.51 | 1.2% +CN¥3.7b | -12.4% | PE21.3x |
