Narrative Update • May 26
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Hong Kong (HSI) Auto Components Industry Analysis
UpdatedMay 31, 2026
DataAggregated Company Financials
Companies28
- 7D-1.6%
- 3M-14.6%
- 1Y28.9%
- YTD-3.1%
Over the last 7 days, the Auto Components industry has dropped 1.6%, driven by Johnson Electric Holdings declining 12%. On the other hand PATEO CONNECT Technology (Shanghai) is actually up 16%. This takes the industry's 12 month performance to a gain of 29%. Looking forward, earnings are forecast to grow by 39% annually.
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, 31 May 2026 | HK$238.0b | HK$352.7b | HK$7.6b | 14.3x | 31.5x | 0.7x |
| Tue, 28 Apr 2026 | HK$233.1b | HK$344.5b | HK$7.8b | 13.8x | 29.8x | 0.7x |
| Thu, 26 Mar 2026 | HK$216.3b | HK$329.9b | HK$10.2b | 10.9x | 21.2x | 0.7x |
| Sat, 21 Feb 2026 | HK$266.0b | HK$326.7b | HK$10.1b | 11.7x | 26.4x | 0.8x |
| Mon, 19 Jan 2026 | HK$240.7b | HK$323.6b | HK$10.0b | 12.5x | 24.1x | 0.7x |
| Wed, 17 Dec 2025 | HK$210.4b | HK$320.1b | HK$9.9b | 12.4x | 21.3x | 0.7x |
| Fri, 14 Nov 2025 | HK$221.9b | HK$315.6b | HK$10.2b | 12.2x | 21.8x | 0.7x |
| Sun, 12 Oct 2025 | HK$223.8b | HK$308.5b | HK$9.8b | 11.2x | 22.9x | 0.7x |
| Tue, 09 Sep 2025 | HK$192.6b | HK$308.4b | HK$10.1b | 10.7x | 19.2x | 0.6x |
| Thu, 07 Aug 2025 | HK$164.3b | HK$325.0b | HK$10.0b | 11.5x | 16.5x | 0.5x |
| Sat, 05 Jul 2025 | HK$148.3b | HK$325.7b | HK$10.0b | 10x | 14.9x | 0.5x |
| Mon, 02 Jun 2025 | HK$142.2b | HK$324.0b | HK$9.9b | 9.5x | 14.3x | 0.4x |
| Wed, 30 Apr 2025 | HK$128.8b | HK$316.5b | HK$9.5b | 8.8x | 13.6x | 0.4x |
| Fri, 28 Mar 2025 | HK$152.4b | HK$333.2b | HK$10.8b | 9.1x | 14.1x | 0.5x |
| Sun, 23 Feb 2025 | HK$143.6b | HK$326.2b | HK$10.0b | 7.5x | 14.4x | 0.4x |
| Tue, 21 Jan 2025 | HK$111.6b | HK$324.5b | HK$9.9b | 7.3x | 11.2x | 0.3x |
| Thu, 19 Dec 2024 | HK$117.5b | HK$325.4b | HK$9.6b | 7.1x | 12.3x | 0.4x |
| Sat, 16 Nov 2024 | HK$99.4b | HK$327.8b | HK$10.2b | 7.3x | 9.8x | 0.3x |
| Mon, 14 Oct 2024 | HK$106.1b | HK$332.8b | HK$10.3b | 8.2x | 10.3x | 0.3x |
| Wed, 11 Sep 2024 | HK$92.3b | HK$332.5b | HK$10.3b | 6.4x | 9x | 0.3x |
| Fri, 09 Aug 2024 | HK$86.6b | HK$312.3b | HK$9.5b | 5.6x | 9.1x | 0.3x |
| Sun, 07 Jul 2024 | HK$105.9b | HK$309.9b | HK$9.4b | 6.8x | 11.3x | 0.3x |
| Tue, 04 Jun 2024 | HK$112.7b | HK$311.0b | HK$9.5b | 6.8x | 11.9x | 0.4x |
| Thu, 02 May 2024 | HK$129.4b | HK$311.2b | HK$9.4b | 6.6x | 13.8x | 0.4x |
| Sat, 30 Mar 2024 | HK$124.0b | HK$311.8b | HK$9.6b | 6.6x | 12.9x | 0.4x |
| Mon, 26 Feb 2024 | HK$111.4b | HK$299.2b | HK$9.9b | 7.6x | 11.3x | 0.4x |
| Wed, 24 Jan 2024 | HK$108.3b | HK$300.0b | HK$9.9b | 7.1x | 11x | 0.4x |
| Fri, 22 Dec 2023 | HK$121.3b | HK$300.4b | HK$9.9b | 7.6x | 12.3x | 0.4x |
| Sun, 19 Nov 2023 | HK$122.1b | HK$296.1b | HK$10.0b | 7.2x | 12.3x | 0.4x |
| Tue, 17 Oct 2023 | HK$124.7b | HK$292.7b | HK$9.4b | 8.6x | 13.3x | 0.4x |
| Thu, 14 Sep 2023 | HK$124.7b | HK$293.9b | HK$9.4b | 8.8x | 13.2x | 0.4x |
| Sat, 12 Aug 2023 | HK$127.1b | HK$268.7b | HK$8.5b | 10.8x | 15x | 0.5x |
| Mon, 10 Jul 2023 | HK$127.2b | HK$269.1b | HK$8.5b | 11.6x | 15x | 0.5x |
| Wed, 07 Jun 2023 | HK$117.0b | HK$272.7b | HK$8.6b | 11.1x | 13.6x | 0.4x |
Price to Earnings Ratio
13.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Auto Components industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.5x which is higher than its 3-year average PE of 15.4x.
- The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have declined 4.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.9% 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 industry?
| HK Market | -1.58% | |
| Consumer Discretionary | -1.64% | |
| Auto Components | -1.58% | |
| Tires and Rubber | -0.96% | |
| Auto Parts and Equipment | -1.60% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry which is trading above its 3-year average PE ratio of 17.4x.
- Analysts are expecting annual earnings growth of 38.6%, which is higher than its past year's earnings growth of 0.01% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 5.2x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 0.01% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 39% 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 | |
|---|---|---|---|---|---|
| 2889 PATEO CONNECT Technology (Shanghai) | HK$201.20 | 16.3% +HK$4.2b | n/a | PS7.4x | |
| 2025 Ruifeng Power Group | HK$9.15 | 2.8% +HK$200.0m | 187.7% | PE271.6x | |
| 2665 Seyond Holdings | HK$7.63 | 1.7% +HK$168.9m | -16.2% | PS8.2x | |
| 360 New Focus Auto Tech Holdings | HK$0.05 | 6.4% +HK$51.7m | -10.7% | PS1.3x | |
| 951 Chaowei Power Holdings | HK$1.72 | 2.4% +HK$44.2m | 31.3% | PE4.5x |