Returns On Capital At Chengdu Xingrong Environment (SZSE:000598) Have Hit The Brakes
Dec 24
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Chinese (SSE) Utilities Sector Analysis
UpdatedDec 24, 2024
DataAggregated Company Financials
Companies117
- 7D-1.1%
- 3M5.0%
- 1Y15.5%
- YTD12.7%
The Utilities industry is down 1.1% over the last week with Huaneng Lancang River Hydropower the worst performer, down 1.6%. Over the past 12 months, the industry was up 16%. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Wed, 25 Dec 2024 | CN¥2.9t | CN¥1.6t | CN¥138.8b | 18.9x | 20.7x | 1.8x |
| Fri, 22 Nov 2024 | CN¥2.8t | CN¥1.6t | CN¥138.8b | 18.8x | 20.4x | 1.8x |
| Sun, 20 Oct 2024 | CN¥2.8t | CN¥1.6t | CN¥155.7b | 18.4x | 18.1x | 1.8x |
| Tue, 17 Sep 2024 | CN¥2.6t | CN¥1.6t | CN¥155.4b | 16.6x | 16.8x | 1.7x |
| Thu, 15 Aug 2024 | CN¥2.9t | CN¥1.6t | CN¥148.3b | 17.6x | 19.3x | 1.8x |
| Sat, 13 Jul 2024 | CN¥2.9t | CN¥1.6t | CN¥148.1b | 17.7x | 19.9x | 1.9x |
| Mon, 10 Jun 2024 | CN¥2.9t | CN¥1.6t | CN¥148.0b | 18.9x | 19.8x | 1.9x |
| Wed, 08 May 2024 | CN¥2.7t | CN¥1.6t | CN¥150.2b | 19x | 18.3x | 1.7x |
| Fri, 05 Apr 2024 | CN¥2.7t | CN¥1.6t | CN¥136.4b | 19.3x | 19.5x | 1.7x |
| Sun, 03 Mar 2024 | CN¥2.6t | CN¥1.5t | CN¥133.3b | 17.8x | 19.2x | 1.7x |
| Tue, 30 Jan 2024 | CN¥2.5t | CN¥2.2t | CN¥371.3b | 18.6x | 6.8x | 1.1x |
| Thu, 28 Dec 2023 | CN¥2.5t | CN¥1.5t | CN¥126.7b | 20.6x | 19.4x | 1.6x |
| Sat, 25 Nov 2023 | CN¥2.4t | CN¥1.5t | CN¥126.1b | 20.2x | 19.1x | 1.6x |
| Mon, 23 Oct 2023 | CN¥2.3t | CN¥1.5t | CN¥104.8b | 20.3x | 22.4x | 1.6x |
| Wed, 20 Sep 2023 | CN¥2.4t | CN¥1.5t | CN¥104.2b | 20.4x | 23.3x | 1.6x |
| Fri, 18 Aug 2023 | CN¥2.5t | CN¥1.5t | CN¥100.3b | 22.4x | 24.6x | 1.7x |
| Sun, 16 Jul 2023 | CN¥2.5t | CN¥1.5t | CN¥99.6b | 24.3x | 25.5x | 1.7x |
| Tue, 13 Jun 2023 | CN¥2.5t | CN¥1.5t | CN¥99.3b | 23.2x | 25.3x | 1.7x |
| Thu, 11 May 2023 | CN¥2.5t | CN¥1.5t | CN¥99.0b | 24.1x | 25.4x | 1.7x |
| Sat, 08 Apr 2023 | CN¥2.4t | CN¥1.5t | CN¥91.9b | 22.1x | 25.7x | 1.6x |
| Mon, 06 Mar 2023 | CN¥2.4t | CN¥1.4t | CN¥83.4b | 23.8x | 28.7x | 1.7x |
| Wed, 01 Feb 2023 | CN¥2.3t | CN¥1.4t | CN¥85.0b | 22.9x | 26.9x | 1.6x |
| Fri, 30 Dec 2022 | CN¥2.2t | CN¥1.4t | CN¥83.9b | 22.1x | 26.5x | 1.6x |
| Sun, 27 Nov 2022 | CN¥2.3t | CN¥1.4t | CN¥83.0b | 23.1x | 27.8x | 1.6x |
| Tue, 25 Oct 2022 | CN¥2.3t | CN¥1.3t | CN¥72.9b | 24.4x | 31.5x | 1.7x |
| Thu, 22 Sep 2022 | CN¥2.4t | CN¥1.3t | CN¥72.8b | 23.6x | 32.3x | 1.8x |
| Sat, 20 Aug 2022 | CN¥2.4t | CN¥1.3t | CN¥73.9b | 24x | 33x | 1.9x |
| Mon, 18 Jul 2022 | CN¥2.4t | CN¥1.3t | CN¥72.6b | 24x | 32.9x | 1.8x |
| Wed, 15 Jun 2022 | CN¥2.3t | CN¥1.3t | CN¥72.4b | 23.1x | 32.4x | 1.8x |
| Fri, 13 May 2022 | CN¥2.2t | CN¥1.3t | CN¥72.8b | 21x | 29.9x | 1.7x |
| Sun, 10 Apr 2022 | CN¥2.2t | CN¥1.2t | CN¥97.6b | 23.8x | 23x | 1.9x |
| Tue, 08 Mar 2022 | CN¥2.4t | CN¥1.2t | CN¥94.5b | 24.9x | 25.6x | 2.1x |
| Thu, 03 Feb 2022 | CN¥2.3t | CN¥1.2t | CN¥96.0b | 22.8x | 23.7x | 1.9x |
| Sat, 01 Jan 2022 | CN¥2.5t | CN¥1.2t | CN¥96.0b | 26.9x | 26.5x | 2.2x |
Price to Earnings Ratio
26.5x
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 20.7x which is lower than its 3-year average PE of 23.7x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 11% 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 Market | -2.11% | |
| Utilities | -1.15% | |
| Renewable Energy | -0.65% | |
| Water Utilities | -2.12% | |
| Other Utilities | -2.99% | |
| Gas Utilities | -3.01% | |
| Electric Utilities | -4.75% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 24.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 15.8x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 7.9% 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 | |
|---|---|---|---|---|---|
| 600900 China Yangtze Power | CN¥29.81 | 1.8% +CN¥13.2b | 26.7% | PE21.6x | |
| 601985 China National Nuclear Power | CN¥10.36 | 3.1% +CN¥5.9b | 39.4% | PE19.1x | |
| 600642 Shenergy | CN¥9.45 | 4.7% +CN¥2.1b | 45.8% | PE10.9x | |
| 000600 Jointo Energy Investment Hebei | CN¥6.19 | 16.1% +CN¥1.6b | 30.6% | PE29.7x | |
| 600157 Wintime Energy GroupLtd | CN¥1.88 | 3.9% +CN¥1.5b | 40.3% | PE19.7x |
