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Chinese (SSE) Market Analysis & Valuation
UpdatedOct 28, 2024
DataAggregated Company Financials
Companies4983
- 7D2.7%
- 3M21.3%
- 1Y5.2%
- YTD6.7%
Over the last 7 days, the market has risen 2.7%, driven by gains of 3.8% in the Industrials sector. The market is up 5.2% over the last 12 months. Earnings are forecast to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Mon, 28 Oct 2024 | CN¥70.8t | CN¥50.3t | CN¥2.8t | 34.1x | 25.2x | 1.4x |
| Wed, 25 Sep 2024 | CN¥57.6t | CN¥50.3t | CN¥2.8t | 27.3x | 20.8x | 1.1x |
| Fri, 23 Aug 2024 | CN¥56.3t | CN¥50.8t | CN¥2.8t | 26.2x | 19.8x | 1.1x |
| Sun, 21 Jul 2024 | CN¥60.0t | CN¥50.7t | CN¥2.8t | 28.1x | 21.3x | 1.2x |
| Tue, 18 Jun 2024 | CN¥62.5t | CN¥50.8t | CN¥2.8t | 29.9x | 22.3x | 1.2x |
| Thu, 16 May 2024 | CN¥65.3t | CN¥50.8t | CN¥2.8t | 31.8x | 23.5x | 1.3x |
| Sat, 13 Apr 2024 | CN¥63.0t | CN¥50.9t | CN¥2.9t | 30.3x | 22x | 1.2x |
| Mon, 11 Mar 2024 | CN¥63.7t | CN¥51.3t | CN¥2.8t | 30.2x | 22.4x | 1.2x |
| Wed, 07 Feb 2024 | CN¥56.8t | CN¥51.9t | CN¥3.1t | 25.1x | 18.4x | 1.1x |
| Fri, 05 Jan 2024 | CN¥64.2t | CN¥49.9t | CN¥2.7t | 34.9x | 23.6x | 1.3x |
| Sun, 03 Dec 2023 | CN¥66.7t | CN¥49.8t | CN¥2.7t | 35.7x | 24.6x | 1.3x |
| Tue, 31 Oct 2023 | CN¥66.4t | CN¥49.7t | CN¥2.7t | 34.3x | 24.3x | 1.3x |
| Thu, 28 Sep 2023 | CN¥67.4t | CN¥49.6t | CN¥2.7t | 34.9x | 24.7x | 1.4x |
| Sat, 26 Aug 2023 | CN¥66.4t | CN¥49.3t | CN¥2.8t | 33.3x | 23.5x | 1.3x |
| Mon, 24 Jul 2023 | CN¥69.8t | CN¥49.1t | CN¥2.8t | 35.8x | 24.7x | 1.4x |
| Wed, 21 Jun 2023 | CN¥71.9t | CN¥49.1t | CN¥2.8t | 36.7x | 25.5x | 1.5x |
| Fri, 19 May 2023 | CN¥71.0t | CN¥49.0t | CN¥2.8t | 35.5x | 25.2x | 1.5x |
| Sun, 16 Apr 2023 | CN¥74.0t | CN¥59.2t | CN¥4.3t | 36.2x | 17.3x | 1.2x |
| Tue, 14 Mar 2023 | CN¥72.1t | CN¥47.9t | CN¥2.9t | 36.2x | 25.1x | 1.5x |
| Thu, 09 Feb 2023 | CN¥73.2t | CN¥47.9t | CN¥3.1t | 36x | 24x | 1.5x |
| Sat, 07 Jan 2023 | CN¥69.8t | CN¥47.6t | CN¥2.8t | 33.5x | 24.7x | 1.5x |
| Mon, 05 Dec 2022 | CN¥69.5t | CN¥47.5t | CN¥2.8t | 34.5x | 24.6x | 1.5x |
| Wed, 02 Nov 2022 | CN¥65.6t | CN¥47.5t | CN¥2.8t | 33x | 23.2x | 1.4x |
| Fri, 30 Sep 2022 | CN¥66.0t | CN¥46.6t | CN¥2.9t | 30.3x | 23.1x | 1.4x |
| Sun, 28 Aug 2022 | CN¥71.5t | CN¥46.9t | CN¥2.9t | 34.2x | 24.9x | 1.5x |
| Tue, 26 Jul 2022 | CN¥71.2t | CN¥46.1t | CN¥2.8t | 33.9x | 25.1x | 1.5x |
| Thu, 23 Jun 2022 | CN¥69.8t | CN¥46.1t | CN¥2.8t | 32.7x | 24.7x | 1.5x |
| Sat, 21 May 2022 | CN¥66.1t | CN¥46.1t | CN¥2.8t | 31x | 23.4x | 1.4x |
| Mon, 18 Apr 2022 | CN¥66.8t | CN¥45.4t | CN¥3.0t | 30.3x | 22.5x | 1.5x |
| Wed, 16 Mar 2022 | CN¥65.7t | CN¥44.7t | CN¥3.0t | 30.4x | 22x | 1.5x |
| Fri, 11 Feb 2022 | CN¥74.5t | CN¥44.1t | CN¥3.0t | 35.1x | 25.2x | 1.7x |
| Sun, 09 Jan 2022 | CN¥78.0t | CN¥43.8t | CN¥2.9t | 37.6x | 26.6x | 1.8x |
| Tue, 07 Dec 2021 | CN¥78.6t | CN¥43.7t | CN¥2.9t | 36.4x | 26.9x | 1.8x |
| Thu, 04 Nov 2021 | CN¥75.1t | CN¥43.8t | CN¥2.9t | 33.6x | 25.6x | 1.7x |
Price to Earnings Ratio
25.6x
Current Market PE
- Investors are relatively neutral on the Chinese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 23.9x.
Past Earnings Growth
- The earnings for Chinese listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 4.7% 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 | 2.67% | |
| Telecom | 4.36% | |
| Materials | 4.16% | |
| Industrials | 3.82% | |
| Consumer Discretionary | 3.38% | |
| Real Estate | 2.95% | |
| Healthcare | 2.91% | |
| Tech | 2.79% | |
| Consumer Staples | 2.60% | |
| Energy | 1.60% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.12% | |
| Financials | -0.62% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 48.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 37.5% which is higher than its past year's earnings decline of 2.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 2.0% per year.
- In contrast, the Utilities 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 | |
|---|---|---|---|---|---|---|
| 600519 Kweichow Moutai | CN¥1.57k | 2.4% +CN¥45.5b | -6.9% | PE23.8x | Consumer Staples | |
| 000858 Wuliangye YibinLtd | CN¥153.97 | 7.7% +CN¥42.5b | -1.7% | PE18.5x | Consumer Staples | |
| 600438 TongweiLtd | CN¥28.80 | 33.0% +CN¥32.2b | 3.9% | PS1.2x | Tech | |
| 601012 LONGi Green Energy Technology | CN¥20.08 | 14.7% +CN¥19.5b | -20.2% | PS1.5x | Tech | |
| 688303 Xinjiang Daqo New EnergyLtd | CN¥35.55 | 33.0% +CN¥18.8b | -1.2% | PE113.9x | Tech |
