Chinese Universe Publishing and Media Group's (SHSE:600373) Solid Earnings May Rest On Weak Foundations
Apr 25
Chinese (SSE) Telecom Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies144
- 7D-1.5%
- 3M-3.6%
- 1Y-22.2%
- YTD-8.4%
Over the last 7 days, the Telecom industry has dropped 1.3%, and China United Network Communications contributed the most with a 2.1% decline. The industry has fallen 24% in the last year. Earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Chinese Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | CN¥1.5t | CN¥900.5b | CN¥32.2b | 38.4x | 46.9x | 1.7x |
| Sun, 24 Mar 2024 | CN¥1.8t | CN¥880.8b | CN¥30.2b | 49.4x | 59x | 2x |
| Tue, 20 Feb 2024 | CN¥1.5t | CN¥879.3b | CN¥26.8b | 43.7x | 55.3x | 1.7x |
| Thu, 18 Jan 2024 | CN¥1.5t | CN¥880.9b | CN¥25.8b | 43.1x | 58.1x | 1.7x |
| Sat, 16 Dec 2023 | CN¥1.8t | CN¥880.9b | CN¥25.8b | 53.5x | 70.9x | 2.1x |
| Mon, 13 Nov 2023 | CN¥1.7t | CN¥880.6b | CN¥25.5b | 47.4x | 67.6x | 2x |
| Wed, 11 Oct 2023 | CN¥1.7t | CN¥864.7b | CN¥21.1b | 45.2x | 80.1x | 2x |
| Fri, 08 Sep 2023 | CN¥1.7t | CN¥857.6b | CN¥20.8b | 47.4x | 84.1x | 2x |
| Sun, 06 Aug 2023 | CN¥1.9t | CN¥844.6b | CN¥18.8b | 54.9x | 98.6x | 2.2x |
| Tue, 04 Jul 2023 | CN¥1.9t | CN¥843.5b | CN¥18.7b | 58.5x | 100.4x | 2.2x |
| Thu, 01 Jun 2023 | CN¥1.9t | CN¥847.0b | CN¥19.7b | 60.5x | 98.7x | 2.3x |
| Sat, 29 Apr 2023 | CN¥2.0t | CN¥855.9b | CN¥28.2b | 63x | 72.4x | 2.4x |
| Mon, 27 Mar 2023 | CN¥1.8t | CN¥844.6b | CN¥28.6b | 43.1x | 63.1x | 2.1x |
| Wed, 22 Feb 2023 | CN¥1.6t | CN¥837.4b | CN¥27.9b | 37.8x | 56.4x | 1.9x |
| Fri, 20 Jan 2023 | CN¥1.4t | CN¥828.5b | CN¥27.6b | 37x | 52.4x | 1.7x |
| Sun, 18 Dec 2022 | CN¥1.4t | CN¥828.0b | CN¥27.8b | 36x | 49.3x | 1.7x |
| Tue, 15 Nov 2022 | CN¥1.3t | CN¥828.6b | CN¥27.8b | 35.2x | 45.8x | 1.5x |
| Thu, 13 Oct 2022 | CN¥1.2t | CN¥826.0b | CN¥31.8b | 29.2x | 36.7x | 1.4x |
| Sat, 10 Sep 2022 | CN¥1.3t | CN¥828.3b | CN¥32.0b | 31.8x | 40.3x | 1.6x |
| Mon, 08 Aug 2022 | CN¥1.3t | CN¥828.2b | CN¥37.6b | 32.4x | 33.6x | 1.5x |
| Wed, 06 Jul 2022 | CN¥1.3t | CN¥828.0b | CN¥37.6b | 32.1x | 34.6x | 1.6x |
| Fri, 03 Jun 2022 | CN¥1.3t | CN¥828.0b | CN¥37.5b | 31.2x | 34.4x | 1.6x |
| Sun, 01 May 2022 | CN¥1.2t | CN¥826.7b | CN¥35.5b | 29x | 34.3x | 1.5x |
| Tue, 29 Mar 2022 | CN¥1.4t | CN¥825.3b | CN¥31.7b | 33.8x | 43.2x | 1.7x |
| Thu, 24 Feb 2022 | CN¥1.5t | CN¥818.6b | CN¥32.2b | 36x | 46.4x | 1.8x |
| Sat, 22 Jan 2022 | CN¥1.6t | CN¥819.5b | CN¥32.2b | 37.5x | 49.2x | 1.9x |
| Mon, 20 Dec 2021 | CN¥1.6t | CN¥819.6b | CN¥32.2b | 38.4x | 49.8x | 2x |
| Wed, 17 Nov 2021 | CN¥1.5t | CN¥819.5b | CN¥32.3b | 35x | 47.3x | 1.9x |
| Fri, 15 Oct 2021 | CN¥1.4t | CN¥803.6b | CN¥35.6b | 28.9x | 40.2x | 1.8x |
| Sun, 12 Sep 2021 | CN¥1.5t | CN¥804.4b | CN¥35.7b | 30.9x | 41.7x | 1.8x |
| Tue, 10 Aug 2021 | CN¥1.4t | CN¥804.2b | CN¥35.7b | 28.5x | 39.5x | 1.8x |
| Mon, 03 May 2021 | CN¥1.5t | CN¥768.6b | CN¥28.5b | 30.3x | 54.1x | 2x |
Price to Earnings Ratio
54.1x
Current Industry PE
- Investors are pessimistic on the Chinese Communication Services 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 45.6x which is lower than its 3-year average PE of 55.9x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 5.5% 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 Telecom sector?
| CN Market | -0.29% | |
| Telecom | -1.49% | |
| Interactive Media and Services | 2.78% | |
| Telecom Services and Carriers | -0.15% | |
| Entertainment | -1.18% | |
| Wireless Telecom | -1.92% | |
| Media | -2.02% | |
Industry PE
- Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 57.0x.
- Analysts are expecting annual earnings growth of 33.7%, which is higher than its past year's earnings growth of 25.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 72% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 2517 Kingnet Network | CN¥10.98 | 3.9% +CN¥873.5m | -27.6% | PE19.6x | |
| 601595 Shanghai Film | CN¥28.78 | 6.6% +CN¥802.3m | -16.2% | PS19.4x | |
| 2558 Giant Network Group | CN¥11.02 | 3.9% +CN¥779.2m | -23.5% | PE18.1x | |
| 2343 Ciwen MediaLtd | CN¥8.24 | 18.1% +CN¥758.0m | -19.1% | PE179.4x | |
| 2315 Focus Technology | CN¥32.45 | 7.4% +CN¥709.4m | 4.6% | PE27.1x |
