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Chinese (SSE) Utilities Sector Analysis

UpdatedJul 20, 2024
DataAggregated Company Financials
Companies117
  • 7D0.3%
  • 3M7.8%
  • 1Y15.6%
  • YTD16.0%

The Utilities industry has been flat over the last week, but Zhejiang Zheneng Electric Power has lost 3.2%. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Chinese Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jul 2024CN¥2.9tCN¥1.6tCN¥148.2b17.3x19.9x1.9x
Tue, 18 Jun 2024CN¥2.9tCN¥1.6tCN¥148.0b18.4x19.4x1.8x
Thu, 16 May 2024CN¥2.8tCN¥1.6tCN¥147.5b19x18.8x1.8x
Sat, 13 Apr 2024CN¥2.7tCN¥1.6tCN¥136.3b19.6x20x1.8x
Mon, 11 Mar 2024CN¥2.7tCN¥1.5tCN¥133.7b17.9x20x1.7x
Wed, 07 Feb 2024CN¥2.5tCN¥2.2tCN¥379.4b16.5x6.5x1.1x
Fri, 05 Jan 2024CN¥2.5tCN¥1.5tCN¥123.8b20.5x20.4x1.7x
Sun, 03 Dec 2023CN¥2.4tCN¥1.5tCN¥126.9b20.5x19.2x1.6x
Tue, 31 Oct 2023CN¥2.4tCN¥1.5tCN¥112.7b19.6x21.2x1.6x
Thu, 28 Sep 2023CN¥2.4tCN¥1.5tCN¥104.2b20.7x22.9x1.6x
Sat, 26 Aug 2023CN¥2.4tCN¥1.5tCN¥100.5b20.9x24x1.6x
Mon, 24 Jul 2023CN¥2.5tCN¥1.5tCN¥99.7b23.5x24.9x1.7x
Wed, 21 Jun 2023CN¥2.5tCN¥1.5tCN¥99.3b22.9x24.9x1.7x
Fri, 19 May 2023CN¥2.6tCN¥1.5tCN¥99.6b23.6x25.8x1.7x
Sun, 16 Apr 2023CN¥2.4tCN¥1.5tCN¥93.4b23.3x25.9x1.6x
Tue, 14 Mar 2023CN¥2.3tCN¥1.4tCN¥86.0b23.2x27.3x1.6x
Thu, 09 Feb 2023CN¥2.3tCN¥1.9tCN¥274.0b22.8x8.5x1.2x
Sat, 07 Jan 2023CN¥2.3tCN¥1.4tCN¥82.7b23.2x27.7x1.6x
Mon, 05 Dec 2022CN¥2.3tCN¥1.4tCN¥84.0b23.3x27.7x1.7x
Wed, 02 Nov 2022CN¥2.2tCN¥1.4tCN¥81.4b22.1x26.8x1.5x
Fri, 30 Sep 2022CN¥2.2tCN¥1.3tCN¥73.0b22.7x30.6x1.7x
Sun, 28 Aug 2022CN¥2.4tCN¥1.3tCN¥73.0b27.7x33.5x1.8x
Tue, 26 Jul 2022CN¥2.4tCN¥1.3tCN¥75.2b22.8x31.3x1.8x
Thu, 23 Jun 2022CN¥2.3tCN¥1.3tCN¥72.4b22.1x31.7x1.8x
Sat, 21 May 2022CN¥2.2tCN¥1.3tCN¥72.8b21.2x30.8x1.7x
Mon, 18 Apr 2022CN¥2.2tCN¥1.2tCN¥91.1b22.9x24.1x1.9x
Wed, 16 Mar 2022CN¥2.1tCN¥1.2tCN¥96.1b21.2x22.3x1.8x
Fri, 11 Feb 2022CN¥2.5tCN¥1.2tCN¥96.0b24.3x25.6x2.1x
Sun, 09 Jan 2022CN¥2.4tCN¥1.2tCN¥96.0b25.8x25.3x2.1x
Tue, 07 Dec 2021CN¥2.4tCN¥1.2tCN¥95.9b27.2x24.6x2x
Thu, 04 Nov 2021CN¥2.4tCN¥1.1tCN¥96.9b23.9x24.3x2.1x
Sat, 02 Oct 2021CN¥2.6tCN¥1.1tCN¥115.9b25.2x22.5x2.3x
Mon, 30 Aug 2021CN¥2.1tCN¥1.1tCN¥116.1b21.5x18.4x1.9x
Price to Earnings Ratio

17.6x


Total Market Cap: CN¥2.0tTotal Earnings: CN¥115.8bTotal Revenue: CN¥1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Utilities Sector Price to Earnings3Y Average 24.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Chinese Utilities 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 19.9x which is lower than its 3-year average PE of 24.1x.
  • 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 grown 8.6% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Utilities sector?

CN Market0.14%
Utilities0.29%
Renewable Energy0.64%
Gas Utilities-0.89%
Water Utilities-1.00%
Electric Utilities-2.06%
Other Utilities-3.79%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 67.5x.
    • Analysts are expecting annual earnings growth of 26.9%, which is higher than its past year's earnings growth of 20.6% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 23.4x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 21% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
600900 China Yangtze PowerCN¥30.582.3%
+CN¥17.1b
41.6%PE27.1x
601985 China National Nuclear PowerCN¥11.704.3%
+CN¥9.1b
65.5%PE20.7x
600025 Huaneng Lancang River HydropowerCN¥11.843.3%
+CN¥6.8b
69.4%PE27.3x
600905 China Three Gorges Renewables (Group)LtdCN¥4.685.2%
+CN¥6.6b
-11.7%PE18.6x
600886 SDIC Power HoldingsCN¥18.501.3%
+CN¥1.7b
46.8%PE19.4x
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