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Hong Kong (HSI) Consumer Discretionary Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies453
- 7D-4.4%
- 3M16.3%
- 1Y-22.8%
- YTD2.1%
Over the last 7 days, the Consumer Discretionary industry has dropped 4.4%, driven by a pullback from BYD of 3.8%. On the other hand Meituan is actually up 10%. However, the industry is down 23% over the past year. Earnings are forecast to grow by 21% annually.
Sector Valuation and Performance
Has the Hong Kong Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | HK$3.6t | HK$4.0t | HK$169.1b | 8.8x | 21.3x | 0.9x |
| Fri, 22 Mar 2024 | HK$3.7t | HK$3.9t | HK$171.9b | 9.6x | 21.7x | 1x |
| Sun, 18 Feb 2024 | HK$3.4t | HK$3.9t | HK$156.3b | 9.4x | 21.6x | 0.9x |
| Tue, 16 Jan 2024 | HK$3.4t | HK$3.9t | HK$155.6b | 9.9x | 22x | 0.9x |
| Thu, 14 Dec 2023 | HK$3.5t | HK$3.9t | HK$155.4b | 9.8x | 22.5x | 0.9x |
| Sat, 11 Nov 2023 | HK$4.0t | HK$3.8t | HK$148.8b | 9.1x | 26.7x | 1x |
| Mon, 09 Oct 2023 | HK$4.0t | HK$3.8t | HK$141.6b | 9.4x | 28.3x | 1.1x |
| Wed, 06 Sep 2023 | HK$4.4t | HK$3.8t | HK$140.8b | 9.7x | 30.9x | 1.2x |
| Fri, 04 Aug 2023 | HK$4.7t | HK$3.6t | HK$124.0b | 10.8x | 38.1x | 1.3x |
| Sun, 02 Jul 2023 | HK$4.4t | HK$3.6t | HK$115.9b | 10.4x | 37.8x | 1.2x |
| Tue, 30 May 2023 | HK$4.2t | HK$3.7t | HK$106.5b | 10.4x | 39.7x | 1.2x |
| Thu, 27 Apr 2023 | HK$4.7t | HK$3.7t | HK$106.5b | 10.4x | 44x | 1.3x |
| Sat, 25 Mar 2023 | HK$4.8t | HK$3.6t | HK$92.7b | 9.9x | 51.8x | 1.3x |
| Mon, 20 Feb 2023 | HK$5.3t | HK$3.6t | HK$100.6b | 10.5x | 52.9x | 1.5x |
| Wed, 18 Jan 2023 | HK$5.6t | HK$3.7t | HK$102.0b | 10.5x | 54.8x | 1.5x |
| Fri, 16 Dec 2022 | HK$5.3t | HK$3.6t | HK$98.8b | 9.8x | 54.1x | 1.5x |
| Sun, 13 Nov 2022 | HK$4.8t | HK$3.5t | HK$79.0b | 9.3x | 60.7x | 1.4x |
| Tue, 11 Oct 2022 | HK$4.6t | HK$3.4t | HK$69.1b | 9x | 67x | 1.4x |
| Thu, 08 Sep 2022 | HK$5.1t | HK$3.4t | HK$70.5b | 10x | 71.7x | 1.5x |
| Sat, 06 Aug 2022 | HK$5.7t | HK$3.5t | HK$69.3b | 10.4x | 82x | 1.6x |
| Mon, 04 Jul 2022 | HK$6.1t | HK$3.5t | HK$69.7b | 11.2x | 87.5x | 1.7x |
| Wed, 01 Jun 2022 | HK$5.6t | HK$3.5t | HK$75.1b | 10.1x | 74.9x | 1.6x |
| Fri, 29 Apr 2022 | HK$5.0t | HK$3.6t | HK$67.4b | 10.4x | 74.4x | 1.4x |
| Sun, 27 Mar 2022 | HK$5.1t | HK$3.6t | HK$50.5b | 10.8x | 100.1x | 1.4x |
| Tue, 22 Feb 2022 | HK$6.1t | HK$3.5t | HK$52.0b | 11.3x | 117.6x | 1.8x |
| Thu, 20 Jan 2022 | HK$6.4t | HK$3.5t | HK$51.8b | 11.3x | 124x | 1.8x |
| Sat, 18 Dec 2021 | HK$6.6t | HK$3.4t | HK$53.0b | 11.9x | 125x | 1.9x |
| Mon, 15 Nov 2021 | HK$7.6t | HK$3.4t | HK$68.9b | 12.8x | 110.3x | 2.2x |
| Wed, 13 Oct 2021 | HK$7.1t | HK$3.4t | HK$71.0b | 12.8x | 99.6x | 2.1x |
| Fri, 10 Sep 2021 | HK$7.7t | HK$3.4t | HK$70.2b | 13.5x | 109.3x | 2.3x |
| Sun, 08 Aug 2021 | HK$7.3t | HK$3.3t | HK$83.2b | 13.4x | 88.2x | 2.2x |
| Sat, 01 May 2021 | HK$7.5t | HK$3.1t | HK$58.7b | 15.1x | 127.2x | 2.4x |
Price to Earnings Ratio
127.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Consumer Discretionary 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 21.3x which is lower than its 3-year average PE of 67.5x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 Hong Kong Consumer Discretionary sector?
| HK Market | -0.66% | |
| Consumer Discretionary | -4.41% | |
| Consumer Durables | 1.76% | |
| General Merchandise and Department Stores | 0.99% | |
| Online Retail and Ecommerce | 0% | |
| Auto Components | -0.069% | |
| Luxury | -1.18% | |
| Leisure | -3.41% | |
| Consumer Services | -3.69% | |
| Auto | -3.99% | |
| Specialty Stores | -5.24% | |
| Hospitality | -7.74% | |
| Retail Distributors | -9.08% | |
Industry PE
- Investors are most optimistic about the Hospitality industry which is trading above its 3-year average PE ratio of 17.3x.
- Analysts are expecting annual earnings growth of 32.1%, which is lower than the prior year's growth of 47.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 47% per year.
- In contrast, the Retail Distributors industry is expected to see its earnings grow by 8.3% 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 | |
|---|---|---|---|---|---|
| 3690 Meituan | HK$108.60 | 10.0% +HK$61.4b | -17.5% | PE45x | |
| 2020 ANTA Sports Products | HK$87.25 | 7.5% +HK$17.3b | -9.1% | PE22.3x | |
| 2313 Shenzhou International Group Holdings | HK$73.80 | 6.9% +HK$7.1b | -0.3% | PE22.5x | |
| 1913 Prada | HK$59.80 | 4.7% +HK$6.9b | 1.8% | PE27.3x | |
| 3998 Bosideng International Holdings | HK$4.49 | 16.3% +HK$6.8b | 17.2% | PE19.4x |
