Chinese (SSE) Utilities Sector Analysis
UpdatedSep 26, 2023
DataAggregated Company Financials
Companies113
- 7D-1.2%
- 3M-5.3%
- 1Y-1.0%
- YTD-0.2%
Over the last 7 days, the Utilities industry has dropped 1.2%, driven by China Three Gorges Renewables (Group)Ltd declining 1.7%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 24% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 26 Sep 2023 | CN¥2.4t | CN¥1.5t | CN¥104.2b | 20.7x | 23x | 1.6x |
| Thu, 24 Aug 2023 | CN¥2.4t | CN¥1.5t | CN¥99.4b | 21.4x | 24.4x | 1.6x |
| Sat, 22 Jul 2023 | CN¥2.5t | CN¥1.5t | CN¥99.7b | 23.5x | 24.9x | 1.7x |
| Mon, 19 Jun 2023 | CN¥2.5t | CN¥1.5t | CN¥99.3b | 23x | 25x | 1.7x |
| Wed, 17 May 2023 | CN¥2.6t | CN¥1.5t | CN¥99.5b | 23.3x | 25.8x | 1.7x |
| Fri, 14 Apr 2023 | CN¥2.4t | CN¥1.5t | CN¥92.1b | 23.1x | 26.1x | 1.6x |
| Sun, 12 Mar 2023 | CN¥2.3t | CN¥1.4t | CN¥83.4b | 22.8x | 28x | 1.6x |
| Tue, 07 Feb 2023 | CN¥2.3t | CN¥1.9t | CN¥274.1b | 23x | 8.4x | 1.2x |
| Thu, 05 Jan 2023 | CN¥2.3t | CN¥1.4t | CN¥82.8b | 23x | 27.4x | 1.6x |
| Sat, 03 Dec 2022 | CN¥2.3t | CN¥1.4t | CN¥84.0b | 23.3x | 27.7x | 1.7x |
| Mon, 31 Oct 2022 | CN¥2.2t | CN¥1.4t | CN¥83.6b | 21.4x | 25.9x | 1.5x |
| Wed, 28 Sep 2022 | CN¥2.3t | CN¥1.3t | CN¥72.9b | 23.3x | 31.3x | 1.7x |
| Fri, 26 Aug 2022 | CN¥2.4t | CN¥1.3t | CN¥72.8b | 26.6x | 33.6x | 1.9x |
| Sun, 24 Jul 2022 | CN¥2.4t | CN¥1.3t | CN¥74.0b | 23.6x | 32.2x | 1.8x |
| Tue, 21 Jun 2022 | CN¥2.3t | CN¥1.3t | CN¥72.4b | 22.8x | 32.1x | 1.8x |
| Thu, 19 May 2022 | CN¥2.2t | CN¥1.3t | CN¥72.7b | 20.5x | 30.3x | 1.7x |
| Sat, 16 Apr 2022 | CN¥2.2t | CN¥1.2t | CN¥92.0b | 22.9x | 23.8x | 1.9x |
| Mon, 14 Mar 2022 | CN¥2.4t | CN¥1.2t | CN¥96.0b | 23.9x | 24.6x | 2x |
| Wed, 09 Feb 2022 | CN¥2.4t | CN¥1.2t | CN¥96.0b | 23.9x | 25x | 2.1x |
| Fri, 07 Jan 2022 | CN¥2.5t | CN¥1.2t | CN¥96.0b | n/a | 25.7x | 2.1x |
| Sun, 05 Dec 2021 | CN¥2.4t | CN¥1.2t | CN¥95.9b | 27.6x | 24.7x | 2.1x |
| Tue, 02 Nov 2021 | CN¥2.4t | CN¥1.1t | CN¥100.8b | 24x | 23.9x | 2.1x |
| Thu, 30 Sep 2021 | CN¥2.6t | CN¥1.1t | CN¥116.0b | 24.1x | 22x | 2.3x |
| Sat, 28 Aug 2021 | CN¥2.1t | CN¥1.1t | CN¥116.1b | 21.6x | 18.4x | 1.9x |
| Sun, 04 Jul 2021 | CN¥2.1t | CN¥1.1t | CN¥115.3b | 19.5x | 18.2x | 1.9x |
| Wed, 07 Apr 2021 | CN¥2.0t | CN¥1.1t | CN¥111.5b | 20.7x | 17.9x | 1.9x |
| Sat, 09 Jan 2021 | CN¥1.7t | CN¥999.0b | CN¥102.9b | 20.1x | 16.6x | 1.7x |
| Fri, 02 Oct 2020 | CN¥1.6t | CN¥988.6b | CN¥99.9b | 19.1x | 16.4x | 1.7x |
Price to Earnings Ratio
16.4x
Current Industry PE
- Investors are relatively neutral on the Chinese Utilities 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 23.6x.
- 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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Chinese Utilities sector?
| CN Market | -0.76% | |
| Utilities | -1.17% | |
| Water Utilities | -0.99% | |
| Renewable Energy | -1.00% | |
| Gas Utilities | -1.35% | |
| Other Utilities | -2.92% | |
| Electric Utilities | -3.34% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 62.2x.
- Analysts are expecting annual earnings growth of 29.9%, which is higher than its past year's earnings decline of 27.0% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 17.9x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 600780 Top Energy CompanyShanxi | CN¥9.24 | 10.4% +CN¥997.5m | 62.4% | PE13.4x | |
| 600483 Fujian Funeng | CN¥8.59 | 0.8% +CN¥177.9m | 0.5% | PE9.2x | |
| 600863 Inner Mongolia MengDian HuaNeng Thermal Power | CN¥3.51 | 0.3% +CN¥65.3m | -9.3% | PE11.9x | |
| 900957 Shanghai Lingyun Industries Development | US$0.39 | 6.9% +US$8.7m | -33.7% | PE26.2x | |
| 603706 Xinjiang East Universe GasLtd | CN¥15.90 | 1.8% +CN¥53.0m | 5.5% | PE19.7x |