Kweichow Moutai Co., Ltd. (SHSE:600519) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Oct 28
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Chinese (SSE) Market Analysis & Valuation
UpdatedOct 31, 2024
DataAggregated Company Financials
Companies4985
- 7D0.1%
- 3M18.0%
- 1Y4.1%
- YTD6.3%
In the last week, the market has stayed flat, however the Real Estate sector stood out, gaining 4.3%. More promisingly, the market is up 4.1% over the past year. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Thu, 31 Oct 2024 | CN¥70.5t | CN¥50.2t | CN¥2.8t | 34x | 25.4x | 1.4x |
| Sat, 28 Sep 2024 | CN¥63.8t | CN¥50.4t | CN¥2.8t | 30x | 22.9x | 1.3x |
| Mon, 26 Aug 2024 | CN¥56.3t | CN¥50.8t | CN¥2.8t | 26.1x | 19.8x | 1.1x |
| Wed, 24 Jul 2024 | CN¥58.4t | CN¥50.7t | CN¥2.8t | 27.4x | 20.8x | 1.2x |
| Fri, 21 Jun 2024 | CN¥61.5t | CN¥50.8t | CN¥2.8t | 29.4x | 22x | 1.2x |
| Sun, 19 May 2024 | CN¥66.2t | CN¥50.8t | CN¥2.8t | 32.4x | 23.7x | 1.3x |
| Tue, 16 Apr 2024 | CN¥63.2t | CN¥51.0t | CN¥2.9t | 29.5x | 22.1x | 1.2x |
| Thu, 14 Mar 2024 | CN¥65.0t | CN¥51.5t | CN¥2.9t | 31x | 22.7x | 1.3x |
| Sat, 10 Feb 2024 | CN¥59.2t | CN¥51.9t | CN¥3.1t | 26.5x | 19.2x | 1.1x |
| Mon, 08 Jan 2024 | CN¥63.5t | CN¥49.9t | CN¥2.7t | 34.2x | 23.4x | 1.3x |
| Wed, 06 Dec 2023 | CN¥65.3t | CN¥49.8t | CN¥2.7t | 34.9x | 24.1x | 1.3x |
| Fri, 03 Nov 2023 | CN¥65.6t | CN¥71.3t | CN¥11.0t | 34.2x | 6x | 0.9x |
| Sun, 01 Oct 2023 | CN¥67.6t | CN¥49.6t | CN¥2.7t | 35.2x | 24.8x | 1.4x |
| Tue, 29 Aug 2023 | CN¥67.1t | CN¥49.4t | CN¥2.8t | 33.5x | 23.8x | 1.4x |
| Thu, 27 Jul 2023 | CN¥70.9t | CN¥49.1t | CN¥2.8t | 36.1x | 25.1x | 1.4x |
| Sat, 24 Jun 2023 | CN¥70.5t | CN¥49.1t | CN¥2.8t | 36x | 25.1x | 1.4x |
| Mon, 22 May 2023 | CN¥71.0t | CN¥49.0t | CN¥2.8t | 35.6x | 25.2x | 1.5x |
| Wed, 19 Apr 2023 | CN¥74.4t | CN¥48.4t | CN¥2.9t | 36x | 26x | 1.5x |
| Fri, 17 Mar 2023 | CN¥70.8t | CN¥47.9t | CN¥2.9t | 35.2x | 24.7x | 1.5x |
| Sun, 12 Feb 2023 | CN¥73.7t | CN¥47.5t | CN¥2.9t | 36.5x | 25.7x | 1.6x |
| Tue, 10 Jan 2023 | CN¥70.3t | CN¥47.5t | CN¥2.8t | 33.6x | 24.9x | 1.5x |
| Thu, 08 Dec 2022 | CN¥70.4t | CN¥47.5t | CN¥2.8t | 34.5x | 24.9x | 1.5x |
| Sat, 05 Nov 2022 | CN¥68.2t | CN¥47.4t | CN¥2.8t | 34.1x | 24.2x | 1.4x |
| Mon, 03 Oct 2022 | CN¥65.3t | CN¥46.6t | CN¥2.9t | 30x | 22.9x | 1.4x |
| Wed, 31 Aug 2022 | CN¥71.3t | CN¥46.6t | CN¥2.9t | 34.3x | 25x | 1.5x |
| Fri, 29 Jul 2022 | CN¥72.0t | CN¥46.1t | CN¥2.8t | 34.5x | 25.4x | 1.6x |
| Sun, 26 Jun 2022 | CN¥72.2t | CN¥46.2t | CN¥2.8t | 33.9x | 25.5x | 1.6x |
| Tue, 24 May 2022 | CN¥66.2t | CN¥46.1t | CN¥2.8t | 31.3x | 23.5x | 1.4x |
| Thu, 21 Apr 2022 | CN¥65.8t | CN¥45.5t | CN¥3.0t | 30.5x | 22.1x | 1.4x |
| Sat, 19 Mar 2022 | CN¥70.0t | CN¥44.8t | CN¥3.0t | 32.3x | 23.4x | 1.6x |
| Mon, 14 Feb 2022 | CN¥73.5t | CN¥44.1t | CN¥3.0t | 34.1x | 24.8x | 1.7x |
| Wed, 12 Jan 2022 | CN¥77.7t | CN¥43.8t | CN¥2.9t | 37.6x | 26.5x | 1.8x |
| Fri, 10 Dec 2021 | CN¥80.3t | CN¥43.7t | CN¥2.9t | 37x | 27.4x | 1.8x |
| Sun, 07 Nov 2021 | CN¥75.4t | CN¥43.8t | CN¥2.9t | 34.3x | 25.8x | 1.7x |
Price to Earnings Ratio
25.8x
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 | 0.13% | |
| Real Estate | 4.29% | |
| Tech | 1.51% | |
| Telecom | 1.43% | |
| Consumer Discretionary | 1.21% | |
| Materials | 0.36% | |
| Industrials | 0.19% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Energy | -0.33% | |
| Consumer Staples | -0.69% | |
| Healthcare | -1.18% | |
| Utilities | -1.36% | |
| Financials | -2.03% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 48.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 38.7% which is higher than its past year's earnings decline of 1.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 1.4% 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 | |
|---|---|---|---|---|---|---|
| 601127 Seres GroupLtd | CN¥116.70 | 19.7% +CN¥28.9b | 37.1% | PE45.3x | Consumer Discretionary | |
| 600839 Sichuan Changhong ElectricLtd | CN¥16.48 | 50.0% +CN¥25.3b | 198.6% | PE137.4x | Consumer Discretionary | |
| 600438 TongweiLtd | CN¥30.75 | 22.3% +CN¥25.2b | 18.2% | PS1.3x | Tech | |
| 000958 SPIC Industry-Finance Holdings | CN¥9.67 | 61.2% +CN¥19.8b | 133.6% | PE39.5x | Financials | |
| 002583 Hytera Communications | CN¥28.20 | 61.1% +CN¥19.4b | 374.7% | PS8.2x | Tech |