Risks To Shareholder Returns Are Elevated At These Prices For Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359)
Aug 07
Chinese (SSE) Software Industry Analysis
UpdatedAug 07, 2024
DataAggregated Company Financials
Companies142
- 7D0.5%
- 3M-15.7%
- 1Y-44.6%
- YTD-31.2%
Last week, the Software industry hasn't moved much but Beijing Kingsoft Office Software is up 3.8% in that time. Unfortunately though, the industry is down 45% over the past 12 months. As for the next few years, earnings are expected to grow by 42% per annum.
Industry Valuation and Performance
Has the Chinese Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 07 Aug 2024 | CN¥1.2t | CN¥288.4b | -CN¥133,213,809.00 | 58.1x | -8839.9x | 4.1x |
| Fri, 05 Jul 2024 | CN¥1.2t | CN¥287.5b | -CN¥591,234,431.00 | 54.2x | -1979.7x | 4.1x |
| Sun, 02 Jun 2024 | CN¥1.3t | CN¥287.6b | -CN¥425,501,722.00 | 64.1x | -3093.9x | 4.6x |
| Tue, 30 Apr 2024 | CN¥1.4t | CN¥289.7b | CN¥953.0m | 62.3x | 1492.2x | 4.9x |
| Thu, 28 Mar 2024 | CN¥1.4t | CN¥288.4b | CN¥3.6b | 72.7x | 379.1x | 4.8x |
| Sat, 24 Feb 2024 | CN¥1.4t | CN¥288.6b | CN¥5.2b | 70.1x | 268.5x | 4.9x |
| Mon, 22 Jan 2024 | CN¥1.4t | CN¥291.3b | CN¥4.4b | 73.6x | 321.5x | 4.8x |
| Wed, 20 Dec 2023 | CN¥1.7t | CN¥291.1b | CN¥4.3b | 89.1x | 399.1x | 5.9x |
| Fri, 17 Nov 2023 | CN¥1.8t | CN¥291.1b | CN¥4.3b | 86.8x | 417.6x | 6.2x |
| Sun, 15 Oct 2023 | CN¥1.8t | CN¥290.2b | CN¥3.7b | 67.8x | 476.2x | 6.1x |
| Tue, 12 Sep 2023 | CN¥1.9t | CN¥290.6b | CN¥3.9b | 76.9x | 483.7x | 6.4x |
| Thu, 10 Aug 2023 | CN¥2.0t | CN¥289.1b | CN¥3.4b | 75.6x | 593.1x | 7x |
| Sat, 08 Jul 2023 | CN¥2.1t | CN¥288.5b | CN¥3.9b | 75.4x | 530.1x | 7.1x |
| Mon, 05 Jun 2023 | CN¥2.2t | CN¥291.6b | CN¥2.8b | 80.6x | 794.6x | 7.6x |
| Wed, 03 May 2023 | CN¥2.1t | CN¥292.4b | CN¥1.4b | 80.5x | 1535.3x | 7.3x |
| Fri, 31 Mar 2023 | CN¥2.2t | CN¥295.7b | CN¥6.9b | 87.4x | 319x | 7.5x |
| Sun, 26 Feb 2023 | CN¥1.9t | CN¥297.0b | CN¥7.3b | 76x | 260.6x | 6.4x |
| Tue, 24 Jan 2023 | CN¥1.9t | CN¥296.4b | CN¥7.3b | 76.2x | 254.1x | 6.2x |
| Thu, 22 Dec 2022 | CN¥1.5t | CN¥296.2b | CN¥7.2b | 62.7x | 213.9x | 5.2x |
| Sat, 19 Nov 2022 | CN¥1.7t | CN¥295.3b | CN¥7.1b | 72.3x | 242x | 5.8x |
| Mon, 17 Oct 2022 | CN¥1.4t | CN¥293.2b | CN¥10.4b | 55.3x | 139.1x | 4.9x |
| Wed, 14 Sep 2022 | CN¥1.5t | CN¥293.3b | CN¥10.4b | 55.1x | 140.6x | 5x |
| Fri, 12 Aug 2022 | CN¥1.6t | CN¥292.9b | CN¥12.6b | 55.3x | 124.4x | 5.4x |
| Sun, 10 Jul 2022 | CN¥1.4t | CN¥292.2b | CN¥12.7b | 52.3x | 113.1x | 4.9x |
| Tue, 07 Jun 2022 | CN¥1.5t | CN¥291.5b | CN¥12.5b | 54.2x | 117.2x | 5x |
| Thu, 05 May 2022 | CN¥1.3t | CN¥316.9b | CN¥15.0b | 43.4x | 85.6x | 4x |
| Sat, 02 Apr 2022 | CN¥1.6t | CN¥309.4b | CN¥8.5b | 43.8x | 182.3x | 5x |
| Mon, 28 Feb 2022 | CN¥1.7t | CN¥282.5b | CN¥14.9b | 48.3x | 117.1x | 6.2x |
| Wed, 26 Jan 2022 | CN¥1.8t | CN¥274.8b | CN¥15.3b | 54.5x | 120.8x | 6.7x |
| Fri, 24 Dec 2021 | CN¥1.9t | CN¥271.1b | CN¥14.6b | 53.7x | 129.1x | 7x |
| Sun, 21 Nov 2021 | CN¥1.8t | CN¥270.6b | CN¥14.5b | 51.9x | 125.8x | 6.7x |
| Tue, 19 Oct 2021 | CN¥1.7t | CN¥263.0b | CN¥15.6b | 48.9x | 111.1x | 6.6x |
| Thu, 16 Sep 2021 | CN¥1.7t | CN¥262.7b | CN¥15.6b | 50x | 110.3x | 6.6x |
| Sat, 14 Aug 2021 | CN¥1.9t | CN¥262.7b | CN¥15.6b | 52.5x | 118.8x | 7.1x |
Price to Earnings Ratio
118.8x
Current Industry PE
- Investors are pessimistic on the Chinese Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- Total earnings for the Software industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 3.2% 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 | 0.44% | |
| Tech | -1.92% | |
| Software | 0.49% | |
| Systems Software | 1.93% | |
| Application Software | -0.0031% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 221x.
- Analysts are expecting annual earnings growth of 37.3%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 56% over the next 5 years.
- This is better than its past earnings growth rate of 5.4% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| 300010 Doushen (Beijing) Education & Technology | CN¥2.94 | 12.2% +CN¥661.3m | 27.3% | PE56.6x | |
| 301269 Empyrean Technology | CN¥79.59 | 1.1% +CN¥461.5m | -23.6% | PE230.8x | |
| 300359 Qtone Education Group (Guangdong)Ltd | CN¥5.30 | 15.2% +CN¥443.3m | -14.2% | PE634.7x | |
| 688083 ZwsoftLtd | CN¥69.63 | 4.5% +CN¥366.2m | -52.0% | PE157.4x | |
| 003029 Jilin University Zhengyuan Information Technologies | CN¥20.15 | 9.0% +CN¥272.2m | -20.7% | PS9.2x |
