Prinx Chengshan Holdings (HKG:1809) Could Be Struggling To Allocate Capital
Dec 02
Hong Kong (HSI) Auto Components Industry Analysis
UpdatedDec 04, 2022
DataAggregated Company Financials
Companies24
- 7D6.6%
- 3M-1.4%
- 1Y-33.6%
- YTD-38.0%
In the last week, the Auto Components industry is up 6.6%, with CALB up 7.5%. In contrast, the industry has lost 34% in the last 12 months. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the Hong Kong Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 Dec 2022 | HK$125.7b | HK$256.9b | HK$4.9b | 14x | 25.5x | 0.5x |
| Tue, 01 Nov 2022 | HK$111.8b | HK$251.8b | HK$5.1b | 12.3x | 21.8x | 0.4x |
| Thu, 29 Sep 2022 | HK$82.7b | HK$243.3b | HK$5.0b | 14.4x | 16.5x | 0.3x |
| Sat, 27 Aug 2022 | HK$101.0b | HK$256.7b | HK$5.6b | 14x | 17.9x | 0.4x |
| Mon, 25 Jul 2022 | HK$102.4b | HK$260.1b | HK$6.9b | 14.2x | 14.9x | 0.4x |
| Wed, 22 Jun 2022 | HK$92.1b | HK$261.9b | HK$6.9b | 12.6x | 13.3x | 0.4x |
| Fri, 20 May 2022 | HK$83.3b | HK$260.0b | HK$6.9b | 12x | 12.1x | 0.3x |
| Sun, 17 Apr 2022 | HK$82.2b | HK$272.5b | HK$7.7b | 11.4x | 10.7x | 0.3x |
| Tue, 15 Mar 2022 | HK$84.7b | HK$255.7b | HK$9.8b | 9.9x | 8.7x | 0.3x |
| Thu, 10 Feb 2022 | HK$125.3b | HK$253.8b | HK$9.7b | 16.2x | 12.9x | 0.5x |
| Sat, 08 Jan 2022 | HK$128.0b | HK$253.5b | HK$9.7b | 16x | 13.2x | 0.5x |
| Mon, 06 Dec 2021 | HK$133.6b | HK$253.5b | HK$9.7b | 16.3x | 13.8x | 0.5x |
| Wed, 03 Nov 2021 | HK$125.9b | HK$249.8b | HK$9.7b | n/a | 13x | 0.5x |
| Fri, 01 Oct 2021 | HK$114.2b | HK$248.5b | HK$9.7b | 13x | 11.8x | 0.5x |
| Sun, 29 Aug 2021 | HK$135.4b | HK$247.5b | HK$9.6b | 14.1x | 14x | 0.5x |
| Mon, 05 Jul 2021 | HK$143.6b | HK$247.5b | HK$9.6b | 17.6x | 14.9x | 0.6x |
| Thu, 08 Apr 2021 | HK$137.0b | HK$228.9b | HK$8.4b | 17x | 16.3x | 0.6x |
| Sun, 10 Jan 2021 | HK$145.5b | HK$211.4b | HK$4.3b | 18.8x | 34x | 0.7x |
| Sat, 03 Oct 2020 | HK$110.2b | HK$195.2b | -HK$777,193,378.16 | 11.3x | -141.8x | 0.6x |
| Tue, 07 Jul 2020 | HK$93.3b | HK$182.1b | -HK$2,354,132,683.33 | 9.3x | -39.6x | 0.5x |
| Fri, 10 Apr 2020 | HK$70.2b | HK$186.4b | -HK$929,119,958.22 | 10.1x | -75.6x | 0.4x |
| Thu, 02 Jan 2020 | HK$101.0b | HK$193.7b | HK$3.6b | 16.7x | 28.4x | 0.5x |
Price to Earnings Ratio
28.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong Auto Components 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 25.5x which is higher than its 3-year average PE of -9.7x.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 industry?
| HK Market | 3.74% | |
| Consumer Discretionary | 14.44% | |
| Auto Components | 6.63% | |
| Tires and Rubber | 6.67% | |
| Auto Parts and Equipment | 6.63% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry which is trading above its 3-year average PE ratio of 3.4x.
- Analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings decline of 39.2% per year.
- Investors are most pessimistic about the Tires and Rubber industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.3x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 39% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 34% 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 | |
|---|---|---|---|---|---|
| 3931 CALB | HK$19.38 | 7.5% +HK$2.4b | n/a | PE223.4x | |
| 425 Minth Group | HK$20.00 | 8.5% +HK$1.8b | -45.1% | PE16.7x | |
| 6928 TOMO Holdings | HK$6.20 | 38.7% +HK$778.5m | 68.5% | PS48.4x | |
| 1316 Nexteer Automotive Group | HK$5.06 | 4.8% +HK$577.3m | -49.8% | PE67.6x | |
| 179 Johnson Electric Holdings | HK$9.73 | 6.3% +HK$526.8m | -44.4% | PE10.4x |
