Capital Allocation Trends At SUPCON Technology (SHSE:688777) Aren't Ideal
Aug 05
Chinese (SSE) Electronic Equipment and Components Industry Analysis
UpdatedAug 06, 2024
DataAggregated Company Financials
Companies390
- 7D-5.9%
- 3M-11.4%
- 1Y-19.8%
- YTD-13.0%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 5.9%, driven by Foxconn Industrial Internet declining 8.9%. In contrast, Wuhan Guide Infrared has gained 17%. Overall the industry is down 20% in 12 months. Earnings are forecast to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Wed, 07 Aug 2024 | CN¥4.0t | CN¥2.8t | CN¥116.7b | 36x | 34.2x | 1.4x |
| Fri, 05 Jul 2024 | CN¥4.4t | CN¥2.8t | CN¥117.1b | 38x | 37.2x | 1.6x |
| Sun, 02 Jun 2024 | CN¥4.3t | CN¥2.8t | CN¥117.1b | 42.3x | 37x | 1.6x |
| Tue, 30 Apr 2024 | CN¥4.4t | CN¥2.8t | CN¥108.9b | 41.6x | 40.9x | 1.6x |
| Thu, 28 Mar 2024 | CN¥4.3t | CN¥2.7t | CN¥101.5b | 37.8x | 42.1x | 1.6x |
| Sat, 24 Feb 2024 | CN¥4.1t | CN¥2.7t | CN¥100.4b | 36.3x | 40.6x | 1.5x |
| Mon, 22 Jan 2024 | CN¥4.1t | CN¥2.7t | CN¥99.1b | 41x | 41x | 1.5x |
| Wed, 20 Dec 2023 | CN¥4.5t | CN¥2.7t | CN¥99.0b | 45.3x | 45.8x | 1.7x |
| Fri, 17 Nov 2023 | CN¥4.8t | CN¥2.7t | CN¥98.9b | 45.8x | 48.6x | 1.8x |
| Sun, 15 Oct 2023 | CN¥4.7t | CN¥2.7t | CN¥97.5b | 42.6x | 48.3x | 1.7x |
| Tue, 12 Sep 2023 | CN¥4.7t | CN¥2.7t | CN¥97.1b | 44.4x | 48.5x | 1.7x |
| Thu, 10 Aug 2023 | CN¥4.7t | CN¥2.6t | CN¥102.9b | 43.1x | 46x | 1.9x |
| Sat, 08 Jul 2023 | CN¥4.9t | CN¥2.6t | CN¥101.6b | 46.7x | 48.2x | 1.9x |
| Mon, 05 Jun 2023 | CN¥4.7t | CN¥2.6t | CN¥101.8b | 45.4x | 46.3x | 1.8x |
| Wed, 03 May 2023 | CN¥4.5t | CN¥2.6t | CN¥102.0b | 40.8x | 44.5x | 1.8x |
| Fri, 31 Mar 2023 | CN¥4.7t | CN¥2.6t | CN¥124.6b | 38.1x | 37.7x | 1.8x |
| Sun, 26 Feb 2023 | CN¥4.4t | CN¥2.5t | CN¥120.2b | 38.2x | 36.7x | 1.7x |
| Tue, 24 Jan 2023 | CN¥4.2t | CN¥2.6t | CN¥123.4b | 36.4x | 34.4x | 1.7x |
| Thu, 22 Dec 2022 | CN¥3.9t | CN¥2.6t | CN¥123.3b | 32.6x | 31.5x | 1.5x |
| Sat, 19 Nov 2022 | CN¥4.2t | CN¥2.6t | CN¥124.8b | 36.7x | 33.3x | 1.6x |
| Mon, 17 Oct 2022 | CN¥3.8t | CN¥2.5t | CN¥137.8b | 31.6x | 27.8x | 1.5x |
| Wed, 14 Sep 2022 | CN¥4.2t | CN¥2.5t | CN¥137.4b | 34.7x | 30.2x | 1.7x |
| Fri, 12 Aug 2022 | CN¥4.6t | CN¥2.5t | CN¥146.7b | 40.3x | 31.2x | 1.9x |
| Sun, 10 Jul 2022 | CN¥4.2t | CN¥2.4t | CN¥144.8b | 35.3x | 28.8x | 1.7x |
| Tue, 07 Jun 2022 | CN¥4.1t | CN¥2.4t | CN¥145.7b | 34.4x | 28x | 1.7x |
| Thu, 05 May 2022 | CN¥3.7t | CN¥2.5t | CN¥149.1b | 28.7x | 24.7x | 1.5x |
| Sat, 02 Apr 2022 | CN¥4.1t | CN¥2.6t | CN¥137.0b | 34.8x | 30.1x | 1.6x |
| Mon, 28 Feb 2022 | CN¥4.8t | CN¥2.5t | CN¥136.1b | 40.3x | 35.2x | 1.9x |
| Wed, 26 Jan 2022 | CN¥5.0t | CN¥2.5t | CN¥136.2b | 40.6x | 36.5x | 2x |
| Fri, 24 Dec 2021 | CN¥5.4t | CN¥2.5t | CN¥135.7b | 42.8x | 40.2x | 2.2x |
| Sun, 21 Nov 2021 | CN¥5.3t | CN¥2.5t | CN¥136.7b | 41x | 38.6x | 2.1x |
| Tue, 19 Oct 2021 | CN¥4.7t | CN¥2.5t | CN¥129.5b | 36.4x | 36.4x | 1.9x |
| Thu, 16 Sep 2021 | CN¥4.8t | CN¥2.5t | CN¥129.4b | 38.3x | 37.4x | 1.9x |
| Sat, 14 Aug 2021 | CN¥5.2t | CN¥2.5t | CN¥129.1b | 40.8x | 40.3x | 2.1x |
Price to Earnings Ratio
40.3x
Current Industry PE
- Investors are pessimistic on the Chinese Electronic 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 34.2x which is lower than its 3-year average PE of 37.6x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 3.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.1% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -0.60% | |
| Tech | -3.55% | |
| Electronic Equipment and Components | -5.86% | |
| Technology Distributors | -2.09% | |
| Electronic Equipment and Instruments | -2.38% | |
| Electronic Components | -6.44% | |
| Electronic Manufacturing Services | -11.81% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry, which is trading close to its 3-year average PE ratio of 42.7x.
- Analysts are expecting annual earnings growth of 28.8%, which is higher than its past year's earnings decline of 12.4% per year.
- Investors are most pessimistic about the Electronic Manufacturing Services industry, which is trading close to its 3-year average of 20.5x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 002414 Wuhan Guide Infrared | CN¥7.30 | 16.8% +CN¥4.5b | -7.6% | PE2415.1x | |
| 688777 SUPCON Technology | CN¥37.66 | 6.4% +CN¥1.8b | -31.7% | PE25.7x | |
| 002389 Aerospace CH UAVLtd | CN¥15.06 | 10.3% +CN¥1.4b | -28.3% | PE108.6x | |
| 688582 Anhui XDLK Microsystem | CN¥32.21 | 10.3% +CN¥1.2b | -23.0% | PE71.2x | |
| 002416 Shenzhen Aisidi | CN¥9.25 | 9.2% +CN¥966.6m | 21.9% | PE17.7x |
