A Look At The Intrinsic Value Of China Yongda Automobiles Services Holdings Limited (HKG:3669)
Nov 17
Hong Kong (HSI) Consumer Discretionary Sector Analysis
UpdatedNov 26, 2022
DataAggregated Company Financials
Companies467
- 7D-8.3%
- 3M-20.7%
- 1Y-42.5%
- YTD-35.0%
Over the last 7 days, the Consumer Discretionary industry has dropped 8.3%, driven by a pullback from Meituan of 15%. Meanwhile, GOME Retail Holdings actually outperformed within the industry, gaining 37% in the last week. The industry has fallen 43% in the last year. Earnings are forecast to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | HK$4.5t | HK$3.5t | HK$80.0b | 9.5x | 56.2x | 1.3x |
| Tue, 25 Oct 2022 | HK$4.4t | HK$3.3t | HK$69.3b | 9x | 63.8x | 1.3x |
| Thu, 22 Sep 2022 | HK$4.9t | HK$3.4t | HK$70.0b | 9.7x | 69.7x | 1.4x |
| Sat, 20 Aug 2022 | HK$5.4t | HK$3.5t | HK$71.0b | 10.5x | 75.8x | 1.5x |
| Mon, 18 Jul 2022 | HK$5.8t | HK$3.5t | HK$69.1b | 10.6x | 83.3x | 1.6x |
| Wed, 15 Jun 2022 | HK$5.9t | HK$3.5t | HK$72.0b | 10.9x | 81.4x | 1.7x |
| Fri, 13 May 2022 | HK$5.0t | HK$3.5t | HK$66.1b | 10.3x | 75.8x | 1.4x |
| Sun, 10 Apr 2022 | HK$5.2t | HK$3.6t | HK$68.7b | 10.6x | 76.4x | 1.4x |
| Tue, 08 Mar 2022 | HK$5.2t | HK$3.5t | HK$48.3b | 10.1x | 107.2x | 1.5x |
| Thu, 03 Feb 2022 | HK$6.2t | HK$3.5t | HK$51.9b | 11x | 118.8x | 1.8x |
| Sat, 01 Jan 2022 | HK$6.6t | HK$3.5t | HK$51.4b | 12x | 128.4x | 1.9x |
| Mon, 29 Nov 2021 | HK$7.3t | HK$3.4t | HK$72.4b | 12.2x | 100.5x | 2.1x |
| Wed, 27 Oct 2021 | HK$7.6t | HK$3.4t | HK$72.2b | 13.1x | 105.4x | 2.2x |
| Fri, 24 Sep 2021 | HK$7.0t | HK$3.4t | HK$70.4b | 13x | 98.8x | 2.1x |
| Sun, 22 Aug 2021 | HK$6.8t | HK$3.3t | HK$83.2b | 13.1x | 82.2x | 2x |
| Fri, 09 Jul 2021 | HK$8.3t | HK$3.3t | HK$82.2b | 14.4x | 100.7x | 2.5x |
| Thu, 01 Apr 2021 | HK$7.3t | HK$3.1t | HK$58.8b | 13.7x | 123.5x | 2.3x |
| Sun, 03 Jan 2021 | HK$7.4t | HK$2.8t | HK$9.3b | 15.5x | 798.2x | 2.6x |
| Wed, 07 Oct 2020 | HK$5.3t | HK$2.7t | HK$38.8b | 15.2x | 136.5x | 2x |
| Tue, 30 Jun 2020 | HK$4.2t | HK$2.7t | HK$37.0b | 14.1x | 113.2x | 1.6x |
| Fri, 03 Apr 2020 | HK$3.3t | HK$2.8t | HK$84.4b | 12.4x | 39.1x | 1.2x |
| Mon, 06 Jan 2020 | HK$4.1t | HK$3.0t | HK$159.7b | 14x | 25.4x | 1.4x |
Price to Earnings Ratio
24.1x
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 56.2x which is lower than its 3-year average PE of 149x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have declined 21% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.9% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary sector?
| HK Market | -0.23% | |
| Consumer Discretionary | -8.27% | |
| General Merchanise and Department Stores | 1.52% | |
| Retail Distributors | -0.99% | |
| Leisure | -1.12% | |
| Consumer Durables | -1.42% | |
| Luxury | -5.61% | |
| Auto | -5.92% | |
| Consumer Services | -7.46% | |
| Auto Components | -7.48% | |
| Hospitality | -8.48% | |
| Specialty Stores | -11.19% | |
| Online Retail and Ecommerce | -12.43% | |
Industry PE
- Investors are most optimistic about the Leisure industry even though it's trading below its 3-year average PE ratio of 55.5x.
- Analysts are expecting annual earnings growth of 38.3%, which is higher than its past year's earnings growth of 15.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 67% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the General Merchanise and Department Stores industry is expected to see its earnings grow by 8.6% 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 | |
|---|---|---|---|---|---|
| 493 GOME Retail Holdings | HK$0.17 | 36.9% +HK$1.5b | -75.8% | PS0.2x | |
| 9863 Zhejiang Leapmotor Technology | HK$20.00 | 3.7% +HK$822.7m | n/a | PS1.9x | |
| 2255 Haichang Ocean Park Holdings | HK$3.70 | 2.2% +HK$649.1m | 168.1% | PE47.3x | |
| 2232 Crystal International Group | HK$2.25 | 10.8% +HK$627.6m | -18.2% | PE4.7x | |
| 1999 Man Wah Holdings | HK$6.78 | 2.3% +HK$587.7m | -46.4% | PE11.3x |