Shanxi Xinghuacun Fen Wine FactoryLtd's (SHSE:600809) Upcoming Dividend Will Be Larger Than Last Year's
Jul 01
Chinese (SSE) Market Analysis & Valuation
UpdatedJul 02, 2024
DataAggregated Company Financials
Companies4992
- 7D0.4%
- 3M-7.3%
- 1Y-17.8%
- YTD-8.5%
The Communication Services sector gained 3.2% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 18%. Earnings are forecast to grow by 22% annually.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 02 Jul 2024 | CN¥60.5t | CN¥50.8t | CN¥2.8t | 29.1x | 21.6x | 1.2x |
| Thu, 30 May 2024 | CN¥64.3t | CN¥50.7t | CN¥2.8t | 31.3x | 23.1x | 1.3x |
| Sat, 27 Apr 2024 | CN¥64.1t | CN¥50.9t | CN¥2.9t | 30.3x | 22.3x | 1.3x |
| Mon, 25 Mar 2024 | CN¥65.1t | CN¥51.4t | CN¥2.9t | 31.5x | 22.6x | 1.3x |
| Wed, 21 Feb 2024 | CN¥60.3t | CN¥51.9t | CN¥3.1t | 27.7x | 19.5x | 1.2x |
| Fri, 19 Jan 2024 | CN¥61.9t | CN¥51.2t | CN¥2.8t | 32.3x | 22.1x | 1.2x |
| Sun, 17 Dec 2023 | CN¥64.9t | CN¥49.8t | CN¥2.7t | 34.9x | 23.9x | 1.3x |
| Tue, 14 Nov 2023 | CN¥67.1t | CN¥49.8t | CN¥2.7t | 35.6x | 24.7x | 1.3x |
| Thu, 12 Oct 2023 | CN¥67.3t | CN¥49.6t | CN¥2.7t | 35.1x | 24.6x | 1.4x |
| Sat, 09 Sep 2023 | CN¥68.2t | CN¥49.6t | CN¥2.7t | 35x | 24.8x | 1.4x |
| Mon, 07 Aug 2023 | CN¥72.3t | CN¥49.2t | CN¥2.8t | 35.8x | 25.5x | 1.5x |
| Wed, 05 Jul 2023 | CN¥71.5t | CN¥49.1t | CN¥2.8t | 37x | 25.4x | 1.5x |
| Fri, 02 Jun 2023 | CN¥70.0t | CN¥49.0t | CN¥2.8t | 35.8x | 24.9x | 1.4x |
| Sun, 30 Apr 2023 | CN¥71.8t | CN¥49.0t | CN¥2.8t | 35.1x | 25.6x | 1.5x |
| Tue, 28 Mar 2023 | CN¥72.5t | CN¥48.1t | CN¥2.9t | 36x | 24.9x | 1.5x |
| Thu, 23 Feb 2023 | CN¥73.8t | CN¥47.7t | CN¥2.9t | 36.7x | 25.8x | 1.5x |
| Sat, 21 Jan 2023 | CN¥72.7t | CN¥47.4t | CN¥2.9t | 34.7x | 25.5x | 1.5x |
| Mon, 19 Dec 2022 | CN¥69.6t | CN¥47.5t | CN¥2.8t | 33.8x | 24.6x | 1.5x |
| Wed, 16 Nov 2022 | CN¥69.5t | CN¥47.5t | CN¥2.8t | 34.6x | 24.6x | 1.5x |
| Fri, 14 Oct 2022 | CN¥65.5t | CN¥46.6t | CN¥2.9t | 31x | 22.9x | 1.4x |
| Sun, 11 Sep 2022 | CN¥71.2t | CN¥46.4t | CN¥2.8t | 34.1x | 25x | 1.5x |
| Tue, 09 Aug 2022 | CN¥71.9t | CN¥46.1t | CN¥2.8t | 34.8x | 25.3x | 1.6x |
| Thu, 07 Jul 2022 | CN¥72.6t | CN¥46.0t | CN¥2.8t | 33.6x | 25.8x | 1.6x |
| Sat, 04 Jun 2022 | CN¥67.4t | CN¥46.1t | CN¥2.8t | 32.2x | 23.8x | 1.5x |
| Mon, 02 May 2022 | CN¥62.8t | CN¥46.3t | CN¥2.9t | 28.2x | 21.3x | 1.4x |
| Wed, 30 Mar 2022 | CN¥68.1t | CN¥45.0t | CN¥3.0t | 31.7x | 22.7x | 1.5x |
| Fri, 25 Feb 2022 | CN¥73.8t | CN¥44.3t | CN¥3.0t | 34.7x | 24.9x | 1.7x |
| Sun, 23 Jan 2022 | CN¥76.5t | CN¥43.8t | CN¥2.9t | 36.1x | 26x | 1.7x |
| Tue, 21 Dec 2021 | CN¥78.6t | CN¥43.7t | CN¥2.9t | 37.3x | 26.8x | 1.8x |
| Thu, 18 Nov 2021 | CN¥77.5t | CN¥43.7t | CN¥2.9t | 36.5x | 26.5x | 1.8x |
| Sat, 16 Oct 2021 | CN¥75.5t | CN¥42.5t | CN¥2.9t | 33.3x | 25.7x | 1.8x |
| Mon, 13 Sep 2021 | CN¥78.3t | CN¥42.4t | CN¥2.9t | 35.7x | 26.7x | 1.8x |
| Wed, 11 Aug 2021 | CN¥76.3t | CN¥42.4t | CN¥2.9t | 35x | 26.2x | 1.8x |
Price to Earnings Ratio
26x
Current Market PE
- Investors are pessimistic on the Chinese market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 21.6x which is lower than its 3-year average PE of 24.3x.
Past Earnings Growth
- The earnings for Chinese listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.3% 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.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | 0.44% | |
| Telecom | 3.23% | |
| Utilities | 3.23% | |
| Real Estate | 2.49% | |
| Materials | 1.82% | |
| Energy | 1.50% | |
| Industrials | 1.13% | |
| Financials | 0.034% | |
| Consumer Discretionary | -0.067% | |
| Tech | -0.51% | |
| Healthcare | -0.62% | |
| Consumer Staples | -1.57% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 48.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 33.5% which is higher than its past year's earnings decline of 5.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 5.5% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 11% 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 | Sector | |
|---|---|---|---|---|---|---|
| 600900 China Yangtze Power | CN¥29.48 | 2.9% +CN¥20.3b | 33.7% | PE26.1x | Utilities | |
| 600036 China Merchants Bank | CN¥35.08 | 2.3% +CN¥19.7b | 4.7% | PB0.8x | Financials | |
| 601138 Foxconn Industrial Internet | CN¥27.36 | 3.5% +CN¥18.3b | 11.3% | PE24.6x | Tech | |
| 600150 China CSSC Holdings | CN¥41.10 | 10.9% +CN¥18.1b | 29.9% | PE55.5x | Industrials | |
| 601766 CRRC | CN¥7.67 | 7.6% +CN¥15.5b | 15.3% | PE18.2x | Industrials |
