Transportation Telecommunication & Information Development Inc.Ltd.Zhejiang's (SZSE:300469) 27% Price Boost Is Out Of Tune With Revenues
Sep 25
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Chinese (SSE) IT Industry Analysis
UpdatedSep 25, 2024
DataAggregated Company Financials
Companies94
- 7D7.6%
- 3M0.3%
- 1Y-20.6%
- YTD-20.9%
Over the last 7 days, the IT industry has risen 4.4%, driven by gains from iSoftStone Information Technology (Group) of 13%. During this same period, the Enjoyor Technology underperformed, falling 8.2%. In the past year, the industry is down 24%. Looking forward, earnings are forecast to grow by 32% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 25 Sep 2024 | CN¥558.2b | CN¥359.7b | CN¥4.5b | 53.4x | 124x | 1.6x |
| Fri, 23 Aug 2024 | CN¥501.8b | CN¥349.0b | CN¥4.3b | 39.5x | 116.7x | 1.4x |
| Sun, 21 Jul 2024 | CN¥521.0b | CN¥349.1b | CN¥4.4b | 40.9x | 119x | 1.5x |
| Tue, 18 Jun 2024 | CN¥579.3b | CN¥349.1b | CN¥4.4b | 47.5x | 132.3x | 1.7x |
| Thu, 16 May 2024 | CN¥603.5b | CN¥349.4b | CN¥4.6b | 44.4x | 129.8x | 1.7x |
| Sat, 13 Apr 2024 | CN¥615.2b | CN¥349.7b | CN¥7.8b | 50x | 78.9x | 1.8x |
| Mon, 11 Mar 2024 | CN¥619.9b | CN¥340.6b | CN¥4.7b | 55x | 130.6x | 1.8x |
| Wed, 07 Feb 2024 | CN¥477.6b | CN¥338.5b | CN¥4.3b | 40.4x | 112.2x | 1.4x |
| Fri, 05 Jan 2024 | CN¥658.3b | CN¥337.4b | CN¥4.1b | 61.7x | 159.5x | 2x |
| Sun, 03 Dec 2023 | CN¥702.8b | CN¥337.1b | CN¥4.1b | 66.4x | 171.7x | 2.1x |
| Tue, 31 Oct 2023 | CN¥673.5b | CN¥337.5b | CN¥4.8b | 62.8x | 139.8x | 2x |
| Thu, 28 Sep 2023 | CN¥658.4b | CN¥338.2b | CN¥4.8b | 57.4x | 135.9x | 1.9x |
| Sat, 26 Aug 2023 | CN¥655.2b | CN¥338.5b | CN¥4.5b | 60x | 144.3x | 1.9x |
| Mon, 24 Jul 2023 | CN¥669.2b | CN¥338.1b | CN¥5.8b | 56.3x | 115.9x | 2x |
| Wed, 21 Jun 2023 | CN¥796.3b | CN¥339.0b | CN¥5.8b | 64.8x | 136.8x | 2.3x |
| Fri, 19 May 2023 | CN¥676.2b | CN¥336.3b | CN¥5.6b | 57.4x | 120x | 2x |
| Sun, 16 Apr 2023 | CN¥767.9b | CN¥335.5b | CN¥3.0b | 65.6x | 253.1x | 2.3x |
| Tue, 14 Mar 2023 | CN¥707.8b | CN¥350.5b | CN¥3.2b | 59.8x | 221.6x | 2x |
| Thu, 09 Feb 2023 | CN¥668.2b | CN¥350.4b | CN¥3.2b | 53.9x | 207.2x | 1.9x |
| Sat, 07 Jan 2023 | CN¥587.3b | CN¥351.4b | CN¥3.2b | 45x | 182.5x | 1.7x |
| Mon, 05 Dec 2022 | CN¥596.5b | CN¥351.4b | CN¥3.3b | 46.9x | 183x | 1.7x |
| Wed, 02 Nov 2022 | CN¥577.9b | CN¥350.7b | CN¥3.2b | 47.7x | 182.7x | 1.6x |
| Fri, 30 Sep 2022 | CN¥457.0b | CN¥349.4b | CN¥4.2b | 39.2x | 109.5x | 1.3x |
| Sun, 28 Aug 2022 | CN¥517.5b | CN¥355.1b | CN¥4.6b | 43.3x | 113.2x | 1.5x |
| Tue, 26 Jul 2022 | CN¥519.3b | CN¥352.8b | CN¥5.1b | 43x | 101.6x | 1.5x |
| Thu, 23 Jun 2022 | CN¥499.7b | CN¥351.5b | CN¥5.0b | 41.3x | 99.6x | 1.4x |
| Sat, 21 May 2022 | CN¥488.1b | CN¥351.1b | CN¥5.2b | 40.5x | 94.7x | 1.4x |
| Mon, 18 Apr 2022 | CN¥503.8b | CN¥327.6b | CN¥543.8m | 41.1x | 926.4x | 1.5x |
| Wed, 16 Mar 2022 | CN¥568.5b | CN¥319.2b | CN¥1.9b | 42.7x | 298.5x | 1.8x |
| Fri, 11 Feb 2022 | CN¥616.5b | CN¥317.1b | CN¥1.9b | 46.5x | 332.1x | 1.9x |
| Sun, 09 Jan 2022 | CN¥598.5b | CN¥316.8b | CN¥1.7b | 47.7x | 347.1x | 1.9x |
| Tue, 07 Dec 2021 | CN¥562.6b | CN¥317.3b | CN¥1.7b | 46.8x | 329x | 1.8x |
| Thu, 04 Nov 2021 | CN¥530.0b | CN¥316.7b | CN¥1.7b | 43x | 315.4x | 1.7x |
| Sat, 02 Oct 2021 | CN¥534.1b | CN¥306.1b | CN¥2.0b | 42.9x | 262.2x | 1.7x |
Price to Earnings Ratio
262.2x
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 120x which is lower than its 3-year average PE of 184x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 5.5% 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 | 5.37% | |
| Tech | 4.53% | |
| IT | 7.60% | |
| IT Consulting | 8.35% | |
| Internet Services and Infrastructure | 5.89% | |
| Data Processing Services | 4.30% | |
Industry PE
- Investors are most optimistic about the Internet Services and Infrastructure industry even though it's trading below its 3-year average PE ratio of 175x.
- Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings decline of 6.9% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 300442 Range Intelligent Computing Technology Group | CN¥25.15 | 8.1% +CN¥3.3b | 2.5% | PE21.4x | |
| 301236 iSoftStone Information Technology (Group) | CN¥36.56 | 8.8% +CN¥2.8b | 40.9% | PE196.9x | |
| 300925 Shenzhen Farben Information TechnologyLtd | CN¥19.17 | 53.4% +CN¥2.8b | 45.1% | PE64.4x | |
| 600602 INESA Intelligent Tech | CN¥10.76 | 13.9% +CN¥1.8b | -28.0% | PE69.1x | |
| 000555 Digital China Information Service Group | CN¥9.94 | 22.4% +CN¥1.7b | -13.9% | PE192.2x |
