Is It Too Late To Consider Buying Minth Group Limited (HKG:425)?
Minth Group Limited ( HKG:425 ), is not the largest company out there, but it received a lot of attention from a...
Hong Kong (HSI) Auto Components Industry Analysis
UpdatedDec 02, 2021
DataAggregated Company Financials
Companies24
- 7D-1.3%
- 3M4.3%
- 1Y3.7%
- YTD-14.0%
Over the last 7 days, the Auto Components industry has dropped 2.2%, driven by a decline by Huazhong In-Vehicle Holdings of 20%. Meanwhile, Intron Technology Holdings actually outperformed within the industry, gaining 6.7% in the last week. This takes the industry's 12 month performance to a gain of 4.2%.
Industry Valuation and Performance
Has the Hong Kong Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 05 Dec 2021 | HK$136.3b | HK$253.9b | HK$9.7b | 16.4x |
| Tue, 02 Nov 2021 | HK$125.0b | HK$249.4b | HK$9.7b | 15.5x |
| Thu, 30 Sep 2021 | HK$113.5b | HK$248.0b | HK$9.7b | 12.7x |
| Sat, 28 Aug 2021 | HK$135.4b | HK$247.5b | HK$9.6b | 14.1x |
| Sun, 04 Jul 2021 | HK$143.6b | HK$247.5b | HK$9.6b | 17.6x |
| Wed, 07 Apr 2021 | HK$137.0b | HK$228.9b | HK$8.4b | 17x |
| Sat, 09 Jan 2021 | HK$145.5b | HK$211.4b | HK$4.3b | 18.8x |
| Fri, 02 Oct 2020 | HK$110.2b | HK$195.2b | -HK$777,193,378.16 | 11.3x |
| Mon, 06 Jul 2020 | HK$93.3b | HK$182.1b | -HK$2,354,132,683.33 | 9.3x |
| Thu, 09 Apr 2020 | HK$70.2b | HK$186.4b | -HK$929,119,958.22 | 10.1x |
| Wed, 01 Jan 2020 | HK$101.0b | HK$193.7b | HK$3.6b | 16.7x |
| Sat, 05 Oct 2019 | HK$106.2b | HK$191.4b | HK$8.0b | 10.3x |
| Tue, 09 Jul 2019 | HK$114.4b | HK$195.9b | HK$8.9b | 11.8x |
| Mon, 01 Apr 2019 | HK$131.7b | HK$199.2b | HK$9.3b | 12x |
| Thu, 03 Jan 2019 | HK$130.4b | HK$194.4b | HK$9.3b | 10.3x |
PE Ratio
10.3x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Auto Components industry have remained mostly flat over the last three years, while revenues for these companies have grown 9.7% 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.
Industry Trends
Which industries have driven the changes within the Hong Kong Auto Components industry?
| Tires and Rubber | 2.48% | |
| Auto Parts and Equipment | -1.49% | |
Industry PE: Investors are most optimistic about the Auto Parts and Equipment industry which is trading above its 3-year average PE ratio of 14.5x. This is likely because analysts are expecting annual earnings growth of 24%, which is higher than its past year's earnings growth of 20% per year. Meanwhile, investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 10.6x.
Forecasted Growth: Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 24% over the next 5 years. This is roughly in line with its past earnings growth rate.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 1760 Intron Technology Holdings | 6.7%+HK$368.6m | 90.9% | PE42.6x | |
| 425 Minth Group | 0.8%+HK$348.1m | -2.3% | PE18x | |
| 305 Wuling Motors Holdings | 5.6%+HK$329.8m | 82.7% | PE35.5x | |
| 1809 Prinx Chengshan Holdings | 2.5%+HK$101.8m | -20.7% | PE5.8x | |
| 1899 Xingda International Holdings | 2.5%+HK$66.5m | -9.2% | PE11.7x |
