Positive Sentiment Still Eludes Enjoyor Technology Co., Ltd. (SZSE:300020) Following 27% Share Price Slump
May 06
Chinese (SSE) IT Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies94
- 7D-2.5%
- 3M13.4%
- 1Y-17.9%
- YTD-11.4%
Over the last 7 days, the IT industry has dropped 2.5%, driven by a pullback from Range Intelligent Computing Technology Group of 8.5%. Meanwhile, State Grid Information & Communication actually outperformed within the industry, gaining 12% in the last week. The industry has fallen 18% in the last year. As for the next few years, earnings are expected to grow by 36% per annum.
Industry Valuation and Performance
Has the Chinese IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | CN¥626.0b | CN¥349.3b | CN¥4.6b | 46.8x | 136.2x | 1.8x |
| Sun, 07 Apr 2024 | CN¥642.9b | CN¥349.5b | CN¥7.6b | 53.9x | 84.5x | 1.8x |
| Tue, 05 Mar 2024 | CN¥629.4b | CN¥340.6b | CN¥4.7b | 56.5x | 132.7x | 1.8x |
| Thu, 01 Feb 2024 | CN¥519.2b | CN¥338.8b | CN¥4.2b | 45.1x | 122.7x | 1.5x |
| Sat, 30 Dec 2023 | CN¥667.6b | CN¥337.4b | CN¥4.1b | 63.1x | 161.8x | 2x |
| Mon, 27 Nov 2023 | CN¥692.9b | CN¥337.1b | CN¥4.1b | 65.5x | 169.3x | 2.1x |
| Wed, 25 Oct 2023 | CN¥627.1b | CN¥338.6b | CN¥4.8b | 56.1x | 129.5x | 1.9x |
| Fri, 22 Sep 2023 | CN¥641.7b | CN¥338.2b | CN¥4.8b | 57.3x | 132.4x | 1.9x |
| Sun, 20 Aug 2023 | CN¥674.1b | CN¥338.9b | CN¥4.7b | 59.2x | 142.1x | 2x |
| Tue, 18 Jul 2023 | CN¥706.9b | CN¥338.0b | CN¥5.8b | 58.3x | 122.7x | 2.1x |
| Thu, 15 Jun 2023 | CN¥747.8b | CN¥336.2b | CN¥5.6b | 64.5x | 132.7x | 2.2x |
| Sat, 13 May 2023 | CN¥671.3b | CN¥335.5b | CN¥5.6b | 57.9x | 119.9x | 2x |
| Mon, 10 Apr 2023 | CN¥774.4b | CN¥335.6b | CN¥3.5b | 62.5x | 221.6x | 2.3x |
| Wed, 08 Mar 2023 | CN¥684.7b | CN¥350.4b | CN¥3.2b | 57x | 215.7x | 2x |
| Fri, 03 Feb 2023 | CN¥637.4b | CN¥350.4b | CN¥3.2b | 54.2x | 197.6x | 1.8x |
| Sun, 01 Jan 2023 | CN¥548.2b | CN¥351.4b | CN¥3.2b | 43.7x | 170.3x | 1.6x |
| Tue, 29 Nov 2022 | CN¥573.4b | CN¥352.2b | CN¥3.3b | 44.9x | 171.3x | 1.6x |
| Thu, 27 Oct 2022 | CN¥549.8b | CN¥351.7b | CN¥4.2b | 42.9x | 129.6x | 1.6x |
| Sat, 24 Sep 2022 | CN¥474.0b | CN¥349.4b | CN¥4.2b | 39.6x | 113.5x | 1.4x |
| Mon, 22 Aug 2022 | CN¥542.3b | CN¥355.0b | CN¥4.9b | 44.1x | 111.8x | 1.5x |
| Wed, 20 Jul 2022 | CN¥499.1b | CN¥352.9b | CN¥5.1b | 40.5x | 97.8x | 1.4x |
| Fri, 17 Jun 2022 | CN¥508.7b | CN¥351.5b | CN¥5.0b | 42.1x | 101.4x | 1.4x |
| Sun, 15 May 2022 | CN¥462.4b | CN¥333.7b | CN¥4.2b | 40.2x | 110.3x | 1.4x |
| Tue, 12 Apr 2022 | CN¥520.2b | CN¥328.6b | CN¥494.6m | 41.4x | 1051.7x | 1.6x |
| Thu, 10 Mar 2022 | CN¥603.6b | CN¥318.3b | CN¥1.8b | 47.7x | 343.7x | 1.9x |
| Sat, 05 Feb 2022 | CN¥580.1b | CN¥317.1b | CN¥1.9b | 45.3x | 312.5x | 1.8x |
| Mon, 03 Jan 2022 | CN¥596.2b | CN¥316.5b | CN¥1.7b | 47.5x | 356.6x | 1.9x |
| Wed, 01 Dec 2021 | CN¥582.4b | CN¥317.3b | CN¥1.7b | 50.2x | 340.6x | 1.8x |
| Fri, 29 Oct 2021 | CN¥515.2b | CN¥314.1b | CN¥2.0b | 41.9x | 258.9x | 1.6x |
| Sun, 26 Sep 2021 | CN¥554.5b | CN¥306.1b | CN¥2.0b | 42.3x | 272.2x | 1.8x |
| Tue, 24 Aug 2021 | CN¥548.5b | CN¥305.7b | CN¥2.0b | 43.5x | 274.9x | 1.8x |
| Wed, 30 Jun 2021 | CN¥563.1b | CN¥305.7b | CN¥2.0b | 46.2x | 282.2x | 1.8x |
Price to Earnings Ratio
250.3x
Current Industry PE
- Investors are pessimistic on the Chinese IT 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 136x which is lower than its 3-year average PE of 202x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 6.6% 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 industry?
| CN Market | 2.17% | |
| Tech | 0.34% | |
| IT | -2.46% | |
| Data Processing Services | -0.54% | |
| IT Consulting | -2.40% | |
| Internet Services and Infrastructure | -2.59% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 276x.
- Analysts are expecting annual earnings growth of 46.1%, which is higher than its past year's earnings decline of 6.5% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings decline of 6.5% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| 600131 State Grid Information & Communication | CN¥19.19 | 12.0% +CN¥2.5b | 6.0% | PE30x | |
| 300766 Merit InteractiveLtd | CN¥13.75 | 16.4% +CN¥760.8m | -24.4% | PS12.8x | |
| 301179 Jiangsu Zeyu Intelligent PowerLtd | CN¥23.74 | 9.9% +CN¥500.3m | -10.5% | PE23.3x | |
| 889 ZJBC Information Technology | CN¥1.70 | 23.2% +CN¥299.6m | -2.9% | PS1.1x | |
| 300542 Brilliance Technology | CN¥13.02 | 5.7% +CN¥209.0m | 3.7% | PE131.8x |
