China Satellite Communications (SHSE:601698) Could Be Struggling To Allocate Capital
Dec 22
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Chinese (SSE) Telecom Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies142
- 7D-3.1%
- 3M45.1%
- 1Y13.6%
- YTD14.8%
Over the last 7 days, the Telecom industry has dropped 3.1%, driven by China Satellite Communications declining 7.2%. Meanwhile, Cultural Investment HoldingsLtd actually outperformed within the industry, gaining 104% in the last week. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 31% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | CN¥1.9t | CN¥899.7b | CN¥36.2b | 59.1x | 52.3x | 2.1x |
| Tue, 19 Nov 2024 | CN¥1.7t | CN¥899.7b | CN¥36.2b | 49.7x | 47.4x | 1.9x |
| Thu, 17 Oct 2024 | CN¥1.6t | CN¥899.4b | CN¥39.1b | 46.6x | 40x | 1.7x |
| Sat, 14 Sep 2024 | CN¥1.3t | CN¥900.6b | CN¥39.1b | 36.6x | 32.6x | 1.4x |
| Mon, 12 Aug 2024 | CN¥1.3t | CN¥897.4b | CN¥41.3b | 38.7x | 31.7x | 1.5x |
| Wed, 10 Jul 2024 | CN¥1.3t | CN¥897.7b | CN¥42.1b | 39.7x | 31.7x | 1.5x |
| Fri, 07 Jun 2024 | CN¥1.4t | CN¥897.7b | CN¥42.1b | 40.2x | 33.1x | 1.6x |
| Sun, 05 May 2024 | CN¥1.6t | CN¥897.0b | CN¥40.6b | 45.2x | 38.4x | 1.7x |
| Tue, 02 Apr 2024 | CN¥1.7t | CN¥881.8b | CN¥29.9b | 44x | 56.3x | 1.9x |
| Thu, 29 Feb 2024 | CN¥1.6t | CN¥879.3b | CN¥26.9b | 45.9x | 58.1x | 1.8x |
| Sat, 27 Jan 2024 | CN¥1.6t | CN¥880.7b | CN¥25.7b | 43.9x | 60.6x | 1.8x |
| Mon, 25 Dec 2023 | CN¥1.7t | CN¥880.9b | CN¥25.8b | 48.7x | 63.9x | 1.9x |
| Wed, 22 Nov 2023 | CN¥1.8t | CN¥880.6b | CN¥25.5b | 52.6x | 69.6x | 2x |
| Fri, 20 Oct 2023 | CN¥1.6t | CN¥864.7b | CN¥21.1b | 43.1x | 76.8x | 1.9x |
| Sun, 17 Sep 2023 | CN¥1.7t | CN¥864.6b | CN¥21.0b | 45.7x | 80.5x | 2x |
| Tue, 15 Aug 2023 | CN¥1.8t | CN¥852.8b | CN¥19.8b | 52.9x | 93.1x | 2.2x |
| Thu, 13 Jul 2023 | CN¥1.8t | CN¥844.5b | CN¥18.8b | 53.5x | 97.1x | 2.2x |
| Sat, 10 Jun 2023 | CN¥2.1t | CN¥844.2b | CN¥18.7b | 67.4x | 110x | 2.4x |
| Mon, 08 May 2023 | CN¥2.1t | CN¥850.8b | CN¥18.0b | 62.5x | 117.8x | 2.5x |
| Wed, 05 Apr 2023 | CN¥1.9t | CN¥847.9b | CN¥28.8b | 44.7x | 66.8x | 2.3x |
| Fri, 03 Mar 2023 | CN¥1.6t | CN¥837.4b | CN¥29.0b | 37.6x | 56x | 1.9x |
| Sun, 29 Jan 2023 | CN¥1.5t | CN¥828.3b | CN¥27.6b | 36.8x | 53x | 1.8x |
| Tue, 27 Dec 2022 | CN¥1.4t | CN¥828.0b | CN¥27.8b | 35.3x | 48.8x | 1.6x |
| Thu, 24 Nov 2022 | CN¥1.3t | CN¥827.9b | CN¥27.8b | 35x | 46.7x | 1.6x |
| Sat, 22 Oct 2022 | CN¥1.2t | CN¥826.0b | CN¥31.5b | 30.1x | 37.4x | 1.4x |
| Mon, 19 Sep 2022 | CN¥1.2t | CN¥825.3b | CN¥31.7b | 30.8x | 39x | 1.5x |
| Wed, 17 Aug 2022 | CN¥1.3t | CN¥833.3b | CN¥38.8b | 31.7x | 32.9x | 1.5x |
| Fri, 15 Jul 2022 | CN¥1.3t | CN¥829.6b | CN¥37.7b | 30.9x | 33.5x | 1.5x |
| Sun, 12 Jun 2022 | CN¥1.3t | CN¥828.1b | CN¥37.6b | 30.1x | 34.6x | 1.6x |
| Tue, 10 May 2022 | CN¥1.2t | CN¥824.7b | CN¥35.8b | 29.6x | 33.6x | 1.5x |
| Thu, 07 Apr 2022 | CN¥1.4t | CN¥825.8b | CN¥32.7b | 34.1x | 43.5x | 1.7x |
| Sat, 05 Mar 2022 | CN¥1.4t | CN¥821.5b | CN¥31.2b | 35.2x | 45.9x | 1.7x |
| Mon, 31 Jan 2022 | CN¥1.4t | CN¥819.6b | CN¥32.2b | 34.4x | 44.7x | 1.8x |
| Wed, 29 Dec 2021 | CN¥1.6t | CN¥819.6b | CN¥32.2b | 37.4x | 49.4x | 1.9x |
Price to Earnings Ratio
49.4x
Current Industry PE
- Investors are relatively neutral on the Chinese Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 54.2x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 3.9% per year over the last three years.
- Revenues for these companies have grown 3.2% 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 | -1.18% | |
| Telecom | -3.11% | |
| Telecom Services and Carriers | 2.57% | |
| Interactive Media and Services | 1.20% | |
| Wireless Telecom | 0.48% | |
| Entertainment | -3.98% | |
| Media | -4.09% | |
Industry PE
- Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio of 69.3x.
- Analysts are expecting annual earnings growth of 43.1%, which is higher than its past year's earnings growth of 1.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 81% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| 600715 Cultural Investment HoldingsLtd | CN¥2.28 | 103.7% +CN¥4.7b | 83.5% | PS19.9x | |
| 000681 Visual China GroupLtd | CN¥30.99 | 21.3% +CN¥3.8b | 109.4% | PE206.4x | |
| 002602 Zhejiang Century Huatong GroupLtd | CN¥4.92 | 8.4% +CN¥2.8b | -4.8% | PE40.3x | |
| 300805 Guangdong Brandmax MarketingLtd | CN¥16.20 | 44.9% +CN¥2.1b | 58.8% | PE855.5x | |
| 600050 China United Network Communications | CN¥5.27 | 1.0% +CN¥1.6b | 23.4% | PE19.2x |
