Does Nexteer Automotive Group (HKG:1316) Have A Healthy Balance Sheet?
Apr 16
Hong Kong (HSI) Auto Components Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies26
- 7D0.09%
- 3M11.4%
- 1Y-24.9%
- YTD-0.6%
Over the last 7 days, the Auto Components industry has dropped 1.3%, driven by declines in Minth Group and Nexteer Automotive Group of 4.4% and 5.7%, respectively. On the other hand iMotion Automotive Technology (Suzhou) is actually up 9.3%. However, the industry is down 27% over the past year. As for the next few years, earnings are expected to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | HK$122.5b | HK$311.6b | HK$9.4b | 6.1x | 13x | 0.4x |
| Sun, 17 Mar 2024 | HK$116.6b | HK$299.1b | HK$10.1b | 7.7x | 11.6x | 0.4x |
| Tue, 13 Feb 2024 | HK$105.4b | HK$299.2b | HK$9.9b | 7.8x | 10.7x | 0.4x |
| Thu, 11 Jan 2024 | HK$116.0b | HK$300.0b | HK$9.9b | 7.8x | 11.7x | 0.4x |
| Sat, 09 Dec 2023 | HK$116.7b | HK$298.3b | HK$10.0b | 7.3x | 11.6x | 0.4x |
| Mon, 06 Nov 2023 | HK$119.2b | HK$292.8b | HK$9.4b | 8.3x | 12.7x | 0.4x |
| Wed, 04 Oct 2023 | HK$123.7b | HK$293.2b | HK$9.4b | 8.5x | 13.2x | 0.4x |
| Fri, 01 Sep 2023 | HK$124.8b | HK$293.8b | HK$9.2b | 9.5x | 13.6x | 0.4x |
| Sun, 30 Jul 2023 | HK$133.5b | HK$270.2b | HK$8.5b | 12.1x | 15.7x | 0.5x |
| Tue, 27 Jun 2023 | HK$116.9b | HK$269.1b | HK$8.5b | 10.7x | 13.8x | 0.4x |
| Thu, 25 May 2023 | HK$121.8b | HK$274.4b | HK$8.7b | 10.8x | 14.1x | 0.4x |
| Sat, 22 Apr 2023 | HK$126.4b | HK$279.2b | HK$8.2b | 12.7x | 15.4x | 0.5x |
| Mon, 20 Mar 2023 | HK$119.3b | HK$266.8b | HK$5.4b | 13.3x | 22.3x | 0.4x |
| Wed, 15 Feb 2023 | HK$139.8b | HK$265.6b | HK$5.1b | 14.4x | 27.2x | 0.5x |
| Fri, 13 Jan 2023 | HK$138.5b | HK$266.3b | HK$5.1b | 13.5x | 26.9x | 0.5x |
| Sun, 11 Dec 2022 | HK$131.3b | HK$258.8b | HK$5.0b | 14.2x | 26.5x | 0.5x |
| Tue, 08 Nov 2022 | HK$128.9b | HK$253.7b | HK$5.2b | 14.1x | 24.9x | 0.5x |
| Thu, 06 Oct 2022 | HK$82.5b | HK$244.9b | HK$5.1b | 14.2x | 16.3x | 0.3x |
| Sat, 03 Sep 2022 | HK$93.4b | HK$250.2b | HK$5.2b | 15.5x | 18.1x | 0.4x |
| Mon, 01 Aug 2022 | HK$101.9b | HK$260.3b | HK$6.9b | 14x | 14.8x | 0.4x |
| Wed, 29 Jun 2022 | HK$108.6b | HK$261.8b | HK$6.9b | 14.2x | 15.7x | 0.4x |
| Fri, 27 May 2022 | HK$85.1b | HK$263.1b | HK$7.0b | 12.1x | 12.2x | 0.3x |
| Sun, 24 Apr 2022 | HK$79.5b | HK$268.3b | HK$7.6b | 11.4x | 10.5x | 0.3x |
| Tue, 22 Mar 2022 | HK$85.2b | HK$253.3b | HK$9.1b | 13x | 9.3x | 0.3x |
| Thu, 17 Feb 2022 | HK$122.5b | HK$254.9b | HK$9.7b | 16.1x | 12.6x | 0.5x |
| Sat, 15 Jan 2022 | HK$132.5b | HK$253.8b | HK$9.7b | 16.1x | 13.7x | 0.5x |
| Mon, 13 Dec 2021 | HK$135.6b | HK$253.9b | HK$9.7b | 16.9x | 14x | 0.5x |
| Wed, 10 Nov 2021 | HK$124.3b | HK$249.8b | HK$9.7b | 15.1x | 12.8x | 0.5x |
| Fri, 08 Oct 2021 | HK$116.8b | HK$248.5b | HK$9.7b | 13.1x | 12.1x | 0.5x |
| Sun, 05 Sep 2021 | HK$127.4b | HK$247.5b | HK$9.6b | 14x | 13.2x | 0.5x |
| Tue, 03 Aug 2021 | HK$140.0b | HK$247.5b | HK$9.6b | 15.5x | 14.5x | 0.6x |
| Fri, 07 May 2021 | HK$135.3b | HK$228.9b | HK$8.4b | 16.9x | 16.1x | 0.6x |
Price to Earnings Ratio
16.1x
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 12.9x which is lower than its 3-year average PE of 15.5x.
- The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 3.7% per year over the last three years.
- Revenues for these companies have grown 11% 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 | -1.99% | |
| Consumer Discretionary | -4.57% | |
| Auto Components | 0.092% | |
| Tires and Rubber | 1.76% | |
| Auto Parts and Equipment | -0.018% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry, which is trading close to its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings growth of 19.8%, which is higher than its past year's earnings decline of 16.7% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 1274 iMotion Automotive Technology (Suzhou) | HK$98.50 | 9.3% +HK$1.9b | n/a | PS16.9x | |
| 3931 CALB Group | HK$13.42 | 4.0% +HK$921.6m | -33.2% | PE74.7x | |
| 1809 Prinx Chengshan Holdings | HK$7.57 | 5.0% +HK$229.1m | 36.6% | PE4.3x | |
| 1269 China First Capital Group | HK$0.045 | 55.2% +HK$29.6m | -27.4% | PS0.04x |