Chinese (SSE) Utilities Sector Analysis
UpdatedDec 03, 2022
DataAggregated Company Financials
Companies110
- 7D-0.03%
- 3M-5.1%
- 1Y-6.5%
- YTD-11.3%
Over the last 7 days, the Utilities industry has remained flat. As for the longer term, the industry has declined 6.5% in the last year. As for the next few years, earnings are expected to grow by 23% per annum.
Sector Valuation and Performance
Has the Chinese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 Dec 2022 | CN¥2.3t | CN¥1.4t | CN¥84.0b | 23.3x | 27.7x | 1.7x |
| Tue, 01 Nov 2022 | CN¥2.2t | CN¥1.4t | CN¥81.2b | 21.5x | 26.5x | 1.5x |
| Thu, 29 Sep 2022 | CN¥2.2t | CN¥1.3t | CN¥73.0b | 23x | 30.7x | 1.7x |
| Sat, 27 Aug 2022 | CN¥2.4t | CN¥1.3t | CN¥73.1b | 27.7x | 33.4x | 1.8x |
| Mon, 25 Jul 2022 | CN¥2.4t | CN¥1.3t | CN¥75.2b | 23.6x | 31.7x | 1.8x |
| Wed, 22 Jun 2022 | CN¥2.3t | CN¥1.3t | CN¥72.4b | 22.6x | 32.1x | 1.8x |
| Fri, 20 May 2022 | CN¥2.2t | CN¥1.3t | CN¥72.7b | 21.1x | 30.6x | 1.7x |
| Sun, 17 Apr 2022 | CN¥2.2t | CN¥1.2t | CN¥91.4b | 22.9x | 24x | 1.9x |
| Tue, 15 Mar 2022 | CN¥2.3t | CN¥1.2t | CN¥96.1b | 22.8x | 23.9x | 1.9x |
| Thu, 10 Feb 2022 | CN¥2.4t | CN¥1.2t | CN¥96.0b | 23.8x | 25.3x | 2.1x |
| Sat, 08 Jan 2022 | CN¥2.4t | CN¥1.2t | CN¥96.0b | 25.8x | 25.3x | 2.1x |
| Mon, 06 Dec 2021 | CN¥2.4t | CN¥1.2t | CN¥95.9b | 27.6x | 24.7x | 2.1x |
| Wed, 03 Nov 2021 | CN¥2.4t | CN¥1.1t | CN¥99.2b | 21.4x | 24.3x | 2.1x |
| Fri, 01 Oct 2021 | CN¥2.6t | CN¥1.1t | CN¥115.9b | 25.2x | 22.5x | 2.3x |
| Sun, 29 Aug 2021 | CN¥2.1t | CN¥1.1t | CN¥116.1b | 21.6x | 18.4x | 1.9x |
| Mon, 05 Jul 2021 | CN¥2.1t | CN¥1.1t | CN¥115.3b | 19.5x | 18.2x | 1.9x |
| Thu, 08 Apr 2021 | CN¥2.0t | CN¥1.1t | CN¥111.5b | 20.7x | 17.9x | 1.9x |
| Sun, 10 Jan 2021 | CN¥1.7t | CN¥999.0b | CN¥102.9b | 20.1x | 16.6x | 1.7x |
| Sat, 03 Oct 2020 | CN¥1.6t | CN¥988.6b | CN¥99.9b | 19.1x | 16.4x | 1.7x |
| Tue, 07 Jul 2020 | CN¥1.5t | CN¥978.6b | CN¥89.2b | 18.5x | 17.2x | 1.6x |
| Fri, 10 Apr 2020 | CN¥1.5t | CN¥987.3b | CN¥81.9b | 17.9x | 17.7x | 1.5x |
| Thu, 02 Jan 2020 | CN¥1.6t | CN¥997.6b | CN¥89.0b | 19.5x | 17.9x | 1.6x |
Price to Earnings Ratio
17.9x
Current Industry PE
- Investors are optimistic on the Chinese Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.7x which is higher than its 3-year average PE of 21.5x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 4.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 Utilities sector?
| CN Market | 2.50% | |
| Utilities | -0.03% | |
| Gas Utilities | 1.99% | |
| Electric Utilities | 1.39% | |
| Water Utilities | 1.11% | |
| Other Utilities | 0.57% | |
| Renewable Energy | -0.47% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 71.0x.
- Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 8.0% per year.
- Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 23.5x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 0.2% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 601016 CECEP Wind-power CorporationLtd | CN¥4.06 | -8.4% CN¥4.1b | -40.3% | PE24.2x | |
| 2911 Foran Energy Group | CN¥14.35 | 20.6% +CN¥2.3b | 29.2% | PE22.4x | |
| 600905 China Three Gorges Renewables (Group)Ltd | CN¥5.78 | 1.4% +CN¥2.3b | -15.7% | PE22.7x | |
| 591 CECEP Solar EnergyLtd | CN¥7.61 | 4.5% +CN¥1.3b | -34.1% | PE25.9x | |
| 601778 Jinko Power TechnologyLtd | CN¥5.40 | 8.7% +CN¥1.2b | -44.0% | PE45.9x |