Narrative Update • May 07
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Hong Kong (HSI) Auto Components Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies28
- 7D5.9%
- 3M-9.1%
- 1Y44.5%
- YTD-2.3%
Johnson Electric Holdings is up 35%, leading the way for the Auto Components industry, which has gained 5.9%. During this same period, the CALB Group underperformed, falling 6.6%. In the last 12 months, the industry was up 45%. Earnings are forecast to grow by 34% 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, 10 May 2026 | HK$239.8b | HK$350.6b | HK$8.0b | 14.5x | 29.9x | 0.7x |
| Tue, 07 Apr 2026 | HK$229.1b | HK$342.1b | HK$7.8b | 14.1x | 29.5x | 0.7x |
| Thu, 05 Mar 2026 | HK$240.7b | HK$326.9b | HK$10.1b | 10.9x | 23.9x | 0.7x |
| Sat, 31 Jan 2026 | HK$241.7b | HK$324.7b | HK$10.0b | 12x | 24.1x | 0.7x |
| Mon, 29 Dec 2025 | HK$221.6b | HK$321.1b | HK$9.9b | 12x | 22.4x | 0.7x |
| Wed, 26 Nov 2025 | HK$216.6b | HK$318.5b | HK$9.8b | 11.7x | 22x | 0.7x |
| Fri, 24 Oct 2025 | HK$209.7b | HK$308.4b | HK$9.8b | 11.4x | 21.4x | 0.7x |
| Sun, 21 Sep 2025 | HK$211.2b | HK$308.2b | HK$10.0b | 11.1x | 21x | 0.7x |
| Tue, 19 Aug 2025 | HK$172.2b | HK$325.1b | HK$10.3b | 11.6x | 16.7x | 0.5x |
| Thu, 17 Jul 2025 | HK$155.8b | HK$325.1b | HK$9.9b | 10.9x | 15.7x | 0.5x |
| Sat, 14 Jun 2025 | HK$140.8b | HK$325.0b | HK$9.9b | 9.3x | 14.2x | 0.4x |
| Mon, 12 May 2025 | HK$133.9b | HK$318.6b | HK$9.5b | 8.7x | 14x | 0.4x |
| Wed, 09 Apr 2025 | HK$112.7b | HK$314.5b | HK$9.4b | 8x | 12x | 0.4x |
| Fri, 07 Mar 2025 | HK$145.6b | HK$326.5b | HK$10.0b | 7.8x | 14.6x | 0.4x |
| Sun, 02 Feb 2025 | HK$114.3b | HK$327.2b | HK$10.0b | 7.3x | 11.4x | 0.3x |
| Tue, 31 Dec 2024 | HK$116.9b | HK$324.5b | HK$9.6b | 6.9x | 12.2x | 0.4x |
| Thu, 28 Nov 2024 | HK$96.8b | HK$326.6b | HK$10.2b | 6.8x | 9.5x | 0.3x |
| Sat, 26 Oct 2024 | HK$102.1b | HK$330.7b | HK$10.2b | 7.8x | 10x | 0.3x |
| Mon, 23 Sep 2024 | HK$95.5b | HK$334.9b | HK$10.3b | 7x | 9.2x | 0.3x |
| Wed, 21 Aug 2024 | HK$87.1b | HK$313.6b | HK$9.4b | 6.1x | 9.2x | 0.3x |
| Fri, 19 Jul 2024 | HK$95.4b | HK$310.0b | HK$9.4b | 6.9x | 10.2x | 0.3x |
| Sun, 16 Jun 2024 | HK$111.5b | HK$310.4b | HK$9.4b | 6.6x | 11.8x | 0.4x |
| Tue, 14 May 2024 | HK$115.3b | HK$311.1b | HK$9.4b | 6.8x | 12.3x | 0.4x |
| Thu, 11 Apr 2024 | HK$123.3b | HK$311.8b | HK$9.4b | 6.7x | 13.1x | 0.4x |
| Sat, 09 Mar 2024 | HK$112.4b | HK$299.2b | HK$10.1b | 7.6x | 11.1x | 0.4x |
| Mon, 05 Feb 2024 | HK$107.6b | HK$299.2b | HK$9.9b | 7.5x | 10.9x | 0.4x |
| Wed, 03 Jan 2024 | HK$122.9b | HK$300.7b | HK$9.9b | 7.6x | 12.4x | 0.4x |
| Fri, 01 Dec 2023 | HK$122.1b | HK$298.9b | HK$10.1b | 7.4x | 12.1x | 0.4x |
| Sun, 29 Oct 2023 | HK$119.5b | HK$292.3b | HK$9.4b | 8.5x | 12.7x | 0.4x |
| Tue, 26 Sep 2023 | HK$123.4b | HK$292.3b | HK$9.4b | 8.9x | 13.2x | 0.4x |
| Thu, 24 Aug 2023 | HK$122.2b | HK$275.1b | HK$9.2b | 10.2x | 13.2x | 0.4x |
| Sat, 22 Jul 2023 | HK$130.5b | HK$270.1b | HK$8.5b | 11.6x | 15.3x | 0.5x |
| Mon, 19 Jun 2023 | HK$121.3b | HK$271.7b | HK$8.6b | 12x | 14.2x | 0.4x |
| Wed, 17 May 2023 | HK$128.2b | HK$276.4b | HK$8.4b | 11.2x | 15.3x | 0.5x |
Price to Earnings Ratio
15.3x
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 29.9x which is higher than its 3-year average PE of 15.1x.
- 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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 8.2% 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 Consumer Discretionary industry?
| HK Market | 1.06% | |
| Consumer Discretionary | 0.92% | |
| Auto Components | 5.87% | |
| Auto Parts and Equipment | 6.10% | |
| Tires and Rubber | -0.86% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry which is trading above its 3-year average PE ratio of 17.0x.
- Analysts are expecting annual earnings growth of 33.7%, which is higher than its past year's earnings growth of 6.5% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 5.3x.
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 growth rate of 6.5% 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 | |
|---|---|---|---|---|---|
| 179 Johnson Electric Holdings | HK$28.22 | 35.0% +HK$6.8b | 101.9% | PE12.5x | |
| 425 Minth Group | HK$39.68 | 16.4% +HK$6.6b | 118.0% | PE15x | |
| 2632 Jiangsu New Vision Automotive Electronics | HK$116.00 | 36.5% +HK$3.8b | n/a | PS18.7x | |
| 1316 Nexteer Automotive Group | HK$5.28 | 9.8% +HK$1.2b | 1.3% | PE16.6x | |
| 2889 PATEO CONNECT Technology (Shanghai) | HK$140.00 | 3.6% +HK$720.0m | n/a | PS5.2x |