Is It Time To Consider Buying Goertek Inc. (SZSE:002241)?
May 11
Chinese (SSE) Electronic Equipment and Components Industry Analysis
UpdatedMay 13, 2024
DataAggregated Company Financials
Companies392
- 7D-0.8%
- 3M15.1%
- 1Y-2.5%
- YTD-4.5%
The Electronic Equipment and Components is pretty flat in the last 7 days, but AVIC Jonhon Optronic TechnologyLtd has stood out, gaining 4.8%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Chinese Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 May 2024 | CN¥4.4t | CN¥2.8t | CN¥116.5b | 40.4x | 37.6x | 1.6x |
| Wed, 10 Apr 2024 | CN¥4.3t | CN¥2.7t | CN¥102.5b | 40x | 42.2x | 1.6x |
| Fri, 08 Mar 2024 | CN¥4.3t | CN¥2.7t | CN¥101.7b | 37.7x | 42.7x | 1.6x |
| Sun, 04 Feb 2024 | CN¥3.5t | CN¥2.7t | CN¥99.9b | 32.3x | 35.2x | 1.3x |
| Tue, 02 Jan 2024 | CN¥4.7t | CN¥2.7t | CN¥99.2b | 47.4x | 46.9x | 1.7x |
| Thu, 30 Nov 2023 | CN¥4.7t | CN¥2.7t | CN¥99.0b | 47.7x | 47.6x | 1.7x |
| Sat, 28 Oct 2023 | CN¥4.4t | CN¥2.7t | CN¥96.5b | 40.4x | 46.1x | 1.6x |
| Mon, 25 Sep 2023 | CN¥4.6t | CN¥2.7t | CN¥97.4b | 41.9x | 47.2x | 1.7x |
| Wed, 23 Aug 2023 | CN¥4.6t | CN¥2.5t | CN¥101.6b | 41x | 45x | 1.8x |
| Fri, 21 Jul 2023 | CN¥4.8t | CN¥2.6t | CN¥102.1b | 45.4x | 47.1x | 1.9x |
| Sun, 18 Jun 2023 | CN¥4.9t | CN¥2.6t | CN¥101.8b | 46.4x | 48.3x | 1.9x |
| Tue, 16 May 2023 | CN¥4.4t | CN¥2.6t | CN¥102.1b | 39.8x | 43.2x | 1.7x |
| Thu, 13 Apr 2023 | CN¥5.0t | CN¥2.6t | CN¥121.0b | 40.6x | 41.5x | 2x |
| Sat, 11 Mar 2023 | CN¥4.4t | CN¥2.5t | CN¥124.9b | 38.5x | 35.1x | 1.7x |
| Mon, 06 Feb 2023 | CN¥4.4t | CN¥2.6t | CN¥123.7b | 38.7x | 35.6x | 1.7x |
| Wed, 04 Jan 2023 | CN¥4.0t | CN¥2.6t | CN¥123.8b | 33.9x | 32.4x | 1.6x |
| Fri, 02 Dec 2022 | CN¥4.1t | CN¥2.6t | CN¥124.8b | 34.9x | 32.7x | 1.6x |
| Sun, 30 Oct 2022 | CN¥3.8t | CN¥2.5t | CN¥135.0b | 32.7x | 28.2x | 1.5x |
| Tue, 27 Sep 2022 | CN¥3.8t | CN¥2.5t | CN¥137.4b | 31.1x | 27.5x | 1.5x |
| Thu, 25 Aug 2022 | CN¥4.3t | CN¥2.5t | CN¥145.8b | 37.3x | 29.6x | 1.7x |
| Sat, 23 Jul 2022 | CN¥4.2t | CN¥2.4t | CN¥144.9b | 35.9x | 28.9x | 1.7x |
| Mon, 20 Jun 2022 | CN¥4.0t | CN¥2.4t | CN¥145.4b | 33.7x | 27.8x | 1.7x |
| Wed, 18 May 2022 | CN¥3.7t | CN¥2.4t | CN¥146.0b | 30.2x | 25.5x | 1.5x |
| Fri, 15 Apr 2022 | CN¥3.8t | CN¥2.6t | CN¥139.1b | 31.3x | 27.5x | 1.5x |
| Sun, 13 Mar 2022 | CN¥4.4t | CN¥2.5t | CN¥132.5b | 36.9x | 32.8x | 1.7x |
| Tue, 08 Feb 2022 | CN¥4.7t | CN¥2.5t | CN¥135.0b | 40.2x | 34.8x | 1.9x |
| Thu, 06 Jan 2022 | CN¥5.3t | CN¥2.5t | CN¥135.9b | 43.2x | 39.3x | 2.1x |
| Sat, 04 Dec 2021 | CN¥5.3t | CN¥2.5t | CN¥135.7b | 42.1x | 39.2x | 2.1x |
| Mon, 01 Nov 2021 | CN¥4.8t | CN¥2.5t | CN¥135.7b | 36x | 35.1x | 1.9x |
| Wed, 29 Sep 2021 | CN¥4.8t | CN¥2.5t | CN¥129.5b | 37.9x | 37x | 1.9x |
| Fri, 27 Aug 2021 | CN¥5.1t | CN¥2.5t | CN¥129.4b | 40.3x | 39.4x | 2x |
| Sat, 03 Jul 2021 | CN¥5.1t | CN¥2.5t | CN¥128.3b | 38.8x | 40.1x | 2x |
Price to Earnings Ratio
41.8x
Current Industry PE
- Investors are relatively neutral on the Chinese Electronic 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 37.8x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.3% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | 1.72% | |
| Tech | -1.38% | |
| Electronic Equipment and Components | -0.84% | |
| Electronic Components | -0.41% | |
| Electronic Equipment and Instruments | -1.04% | |
| Electronic Manufacturing Services | -1.53% | |
| Technology Distributors | -1.93% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry, which is trading close to its 3-year average PE ratio of 42.1x.
- Analysts are expecting annual earnings growth of 32.0%, which is higher than its past year's earnings decline of 12.8% per year.
- Investors are most pessimistic about the Electronic Manufacturing Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.3x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Electronic Manufacturing Services industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| 2179 AVIC Jonhon Optronic TechnologyLtd | CN¥36.06 | 4.8% +CN¥3.5b | -17.1% | PE24.7x | |
| 603556 Hexing ElectricalLtd | CN¥52.68 | 13.6% +CN¥3.1b | 117.1% | PE25.1x | |
| 2938 Avary Holding(Shenzhen)Co | CN¥27.80 | 4.7% +CN¥2.9b | 21.2% | PE19.1x | |
| 2241 Goertek | CN¥16.80 | 3.1% +CN¥1.7b | -8.9% | PE41.7x | |
| 600183 Shengyi TechnologyLtd | CN¥20.22 | 3.2% +CN¥1.5b | 36.4% | PE36.4x |
