Sichuan Tianyi Comheart Telecom Co., Ltd.'s (SZSE:300504) P/E Is Still On The Mark Following 40% Share Price Bounce
Aug 16
Chinese (SSE) Communications Industry Analysis
UpdatedAug 17, 2024
DataAggregated Company Financials
Companies98
- 7D2.2%
- 3M-11.0%
- 1Y-11.6%
- YTD-9.9%
Over the last 7 days, the Communications industry has remained flat, although notably Zhongji Innolight gained 6.6%. Unfortunately though, the industry is down 15% over the past 12 months. Looking forward, earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Chinese Communications Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 18 Aug 2024 | CN¥893.0b | CN¥424.3b | CN¥18.8b | 44.9x | 47.4x | 2.1x |
| Tue, 16 Jul 2024 | CN¥949.0b | CN¥426.1b | CN¥18.0b | 49.8x | 52.7x | 2.2x |
| Thu, 13 Jun 2024 | CN¥925.7b | CN¥426.1b | CN¥18.0b | 48.8x | 51.4x | 2.2x |
| Sat, 11 May 2024 | CN¥997.4b | CN¥425.5b | CN¥18.1b | 52.4x | 55x | 2.3x |
| Mon, 08 Apr 2024 | CN¥997.8b | CN¥425.4b | CN¥20.2b | 49.1x | 49.4x | 2.3x |
| Wed, 06 Mar 2024 | CN¥1.0t | CN¥421.5b | CN¥20.2b | 50.6x | 50.1x | 2.4x |
| Fri, 02 Feb 2024 | CN¥807.7b | CN¥420.8b | CN¥19.3b | 39.4x | 41.9x | 1.9x |
| Sun, 31 Dec 2023 | CN¥1.0t | CN¥420.9b | CN¥19.3b | 54.6x | 52.4x | 2.4x |
| Tue, 28 Nov 2023 | CN¥1.0t | CN¥421.0b | CN¥19.3b | 52.8x | 53x | 2.4x |
| Thu, 26 Oct 2023 | CN¥976.4b | CN¥424.3b | CN¥20.5b | 48.4x | 47.6x | 2.3x |
| Sat, 23 Sep 2023 | CN¥1.1t | CN¥429.2b | CN¥20.4b | 51.9x | 51.5x | 2.5x |
| Mon, 21 Aug 2023 | CN¥1.0t | CN¥432.3b | CN¥20.9b | 50.6x | 48.5x | 2.3x |
| Wed, 19 Jul 2023 | CN¥1.2t | CN¥432.2b | CN¥20.4b | 56x | 56.6x | 2.7x |
| Fri, 16 Jun 2023 | CN¥1.1t | CN¥432.1b | CN¥20.3b | 57.1x | 56x | 2.6x |
| Sun, 14 May 2023 | CN¥957.5b | CN¥433.0b | CN¥20.5b | 46.6x | 46.8x | 2.2x |
| Tue, 11 Apr 2023 | CN¥1.1t | CN¥421.3b | CN¥20.2b | 52.1x | 54.8x | 2.6x |
| Thu, 09 Mar 2023 | CN¥984.6b | CN¥420.4b | CN¥19.4b | 48.5x | 50.8x | 2.3x |
| Sat, 04 Feb 2023 | CN¥885.6b | CN¥420.1b | CN¥19.4b | 43.2x | 45.7x | 2.1x |
| Mon, 02 Jan 2023 | CN¥793.9b | CN¥420.1b | CN¥19.3b | 35.8x | 41x | 1.9x |
| Wed, 30 Nov 2022 | CN¥835.3b | CN¥420.0b | CN¥19.4b | 38.7x | 43.2x | 2x |
| Fri, 28 Oct 2022 | CN¥807.0b | CN¥418.4b | CN¥19.3b | 36.6x | 41.7x | 1.9x |
| Sun, 25 Sep 2022 | CN¥782.2b | CN¥407.7b | CN¥17.8b | 32.7x | 44x | 1.9x |
| Tue, 23 Aug 2022 | CN¥860.1b | CN¥398.1b | CN¥16.9b | 45.3x | 50.9x | 2.2x |
| Thu, 21 Jul 2022 | CN¥835.4b | CN¥396.6b | CN¥16.3b | 45.7x | 51.2x | 2.1x |
| Sat, 18 Jun 2022 | CN¥777.9b | CN¥394.1b | CN¥16.1b | 42x | 48.2x | 2x |
| Mon, 16 May 2022 | CN¥705.1b | CN¥391.5b | CN¥15.9b | 38.9x | 44.2x | 1.8x |
| Wed, 13 Apr 2022 | CN¥742.7b | CN¥379.0b | CN¥6.7b | 40x | 110.8x | 2x |
| Fri, 11 Mar 2022 | CN¥852.3b | CN¥382.2b | -CN¥118,628,887.00 | 43.9x | -7184.2x | 2.2x |
| Sun, 06 Feb 2022 | CN¥895.6b | CN¥377.1b | CN¥63.4m | 46.1x | 14130.6x | 2.4x |
| Tue, 04 Jan 2022 | CN¥996.8b | CN¥376.9b | -CN¥187,344,458.00 | 52.5x | -5320.8x | 2.6x |
| Thu, 02 Dec 2021 | CN¥980.8b | CN¥376.9b | -CN¥192,377,141.00 | 51.1x | -5098.2x | 2.6x |
| Sat, 30 Oct 2021 | CN¥888.8b | CN¥378.0b | CN¥459.9m | 49.1x | 1932.7x | 2.4x |
| Mon, 27 Sep 2021 | CN¥919.0b | CN¥368.5b | -CN¥328,561,227.00 | 49.7x | -2797x | 2.5x |
| Wed, 25 Aug 2021 | CN¥989.7b | CN¥368.4b | -CN¥350,707,637.87 | 50.3x | -2821.9x | 2.7x |
Price to Earnings Ratio
-2821.9x
Current Industry PE
- Investors are optimistic on the Chinese Communications industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.9x which is higher than its 3-year average PE of -232x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- Total earnings for the Communications industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 4.8% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -0.33% | |
| Tech | 0.40% | |
| Communications | 2.17% | |
| Communications Equipment | 2.17% | |
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 | |
|---|---|---|---|---|---|
| 300308 Zhongji Innolight | CN¥119.96 | 6.6% +CN¥8.2b | 45.4% | PE44.9x | |
| 300394 Suzhou TFC Optical Communication | CN¥90.20 | 7.7% +CN¥3.6b | 50.6% | PE54.5x | |
| 000810 Skyworth Digital | CN¥10.07 | 30.1% +CN¥2.7b | -24.9% | PE19.5x | |
| 301165 Ruijie Networks | CN¥31.70 | 8.2% +CN¥1.4b | -32.1% | PE63.4x | |
| 000063 ZTE | CN¥26.04 | 0.9% +CN¥1.1b | -24.8% | PE13x |
