Kweichow Moutai Co., Ltd. (SHSE:600519) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Oct 28
Have your own idea? Try our Stock Screener
Chinese (SSE) Market Analysis & Valuation
UpdatedNov 01, 2024
DataAggregated Company Financials
Companies4986
- 7D1.5%
- 3M19.9%
- 1Y5.7%
- YTD7.0%
Over the last 7 days, the market has remained flat, although notably the Real Estate sector gained 4.3% in that time. More promisingly, the market is up 4.1% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 01 Nov 2024 | CN¥70.5t | CN¥50.0t | CN¥2.7t | 34.9x | 25.7x | 1.4x |
| Sun, 29 Sep 2024 | CN¥63.8t | CN¥50.3t | CN¥2.8t | 30x | 23x | 1.3x |
| Tue, 27 Aug 2024 | CN¥56.4t | CN¥50.9t | CN¥2.8t | 26.3x | 19.8x | 1.1x |
| Thu, 25 Jul 2024 | CN¥57.8t | CN¥50.7t | CN¥2.8t | 26.9x | 20.6x | 1.1x |
| Sat, 22 Jun 2024 | CN¥61.4t | CN¥50.8t | CN¥2.8t | 29.5x | 21.9x | 1.2x |
| Mon, 20 May 2024 | CN¥66.2t | CN¥50.8t | CN¥2.8t | 32.4x | 23.8x | 1.3x |
| Wed, 17 Apr 2024 | CN¥63.2t | CN¥50.9t | CN¥2.9t | 27.7x | 22x | 1.2x |
| Fri, 15 Mar 2024 | CN¥64.6t | CN¥51.5t | CN¥2.9t | 30.8x | 22.5x | 1.3x |
| Sun, 11 Feb 2024 | CN¥59.2t | CN¥51.9t | CN¥3.1t | 26.5x | 19.2x | 1.1x |
| Tue, 09 Jan 2024 | CN¥62.4t | CN¥49.9t | CN¥2.7t | 33.6x | 23x | 1.2x |
| Thu, 07 Dec 2023 | CN¥65.5t | CN¥49.8t | CN¥2.7t | 35x | 24.1x | 1.3x |
| Sat, 04 Nov 2023 | CN¥66.3t | CN¥49.7t | CN¥2.7t | 34.7x | 24.6x | 1.3x |
| Mon, 02 Oct 2023 | CN¥67.6t | CN¥49.6t | CN¥2.7t | 35.2x | 24.8x | 1.4x |
| Wed, 30 Aug 2023 | CN¥68.7t | CN¥49.4t | CN¥2.8t | 35x | 24.3x | 1.4x |
| Fri, 28 Jul 2023 | CN¥70.6t | CN¥49.1t | CN¥2.8t | 35.8x | 24.9x | 1.4x |
| Sun, 25 Jun 2023 | CN¥70.5t | CN¥49.1t | CN¥2.8t | 36x | 25.1x | 1.4x |
| Tue, 23 May 2023 | CN¥67.0t | CN¥49.0t | CN¥2.8t | 36x | 23.8x | 1.4x |
| Thu, 20 Apr 2023 | CN¥73.9t | CN¥48.4t | CN¥2.9t | 36.1x | 25.9x | 1.5x |
| Sat, 18 Mar 2023 | CN¥71.2t | CN¥47.9t | CN¥2.9t | 35.5x | 24.8x | 1.5x |
| Mon, 13 Feb 2023 | CN¥73.6t | CN¥47.5t | CN¥2.9t | 36.6x | 25.7x | 1.6x |
| Wed, 11 Jan 2023 | CN¥70.3t | CN¥47.5t | CN¥2.8t | 33.6x | 24.9x | 1.5x |
| Fri, 09 Dec 2022 | CN¥70.3t | CN¥47.5t | CN¥2.8t | 34.4x | 24.9x | 1.5x |
| Sun, 06 Nov 2022 | CN¥68.2t | CN¥47.4t | CN¥2.8t | 34.1x | 24.2x | 1.4x |
| Tue, 04 Oct 2022 | CN¥65.3t | CN¥46.6t | CN¥2.9t | 30x | 22.9x | 1.4x |
| Thu, 01 Sep 2022 | CN¥70.2t | CN¥45.6t | CN¥2.8t | 33.2x | 25x | 1.5x |
| Sat, 30 Jul 2022 | CN¥71.7t | CN¥46.1t | CN¥2.8t | 34.7x | 25.3x | 1.6x |
| Mon, 27 Jun 2022 | CN¥72.2t | CN¥46.2t | CN¥2.8t | 33.9x | 25.5x | 1.6x |
| Wed, 25 May 2022 | CN¥64.0t | CN¥46.1t | CN¥2.8t | 30x | 22.7x | 1.4x |
| Fri, 22 Apr 2022 | CN¥64.0t | CN¥45.6t | CN¥3.0t | 29.3x | 21.5x | 1.4x |
| Sun, 20 Mar 2022 | CN¥70.0t | CN¥44.8t | CN¥3.0t | 32.3x | 23.4x | 1.6x |
| Tue, 15 Feb 2022 | CN¥73.0t | CN¥44.1t | CN¥3.0t | 34.1x | 24.7x | 1.7x |
| Thu, 13 Jan 2022 | CN¥78.7t | CN¥43.8t | CN¥2.9t | 38.3x | 26.8x | 1.8x |
| Sat, 11 Dec 2021 | CN¥80.3t | CN¥43.7t | CN¥2.9t | 36.9x | 27.4x | 1.8x |
| Mon, 08 Nov 2021 | CN¥75.4t | CN¥43.8t | CN¥2.9t | 34.2x | 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 | 1.55% | |
| Real Estate | 7.17% | |
| Tech | 3.81% | |
| Telecom | 2.36% | |
| Materials | 2.05% | |
| Industrials | 1.99% | |
| Consumer Discretionary | 1.73% | |
| Consumer Staples | 0.14% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Energy | -0.36% | |
| Utilities | -0.46% | |
| Financials | -0.77% | |
| Healthcare | -0.97% | |
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 |