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Hong Kong (HSI) Auto Components Industry Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies24
- 7D-4.0%
- 3M-6.6%
- 1Y-16.6%
- YTD-11.6%
Over the last 7 days, the Auto Components industry has dropped 4.0%, driven by a pullback from CALB Group of 20%. Overall the industry is down 17% in 12 months. Earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | HK$106.1b | HK$332.8b | HK$10.3b | 8.2x | 10.3x | 0.3x |
| Thu, 12 Sep 2024 | HK$91.1b | HK$332.8b | HK$10.3b | 6.5x | 8.9x | 0.3x |
| Sat, 10 Aug 2024 | HK$86.3b | HK$312.6b | HK$9.5b | 5.7x | 9.1x | 0.3x |
| Mon, 08 Jul 2024 | HK$105.9b | HK$309.9b | HK$9.4b | 6.8x | 11.3x | 0.3x |
| Wed, 05 Jun 2024 | HK$113.4b | HK$311.0b | HK$9.5b | 6.8x | 12x | 0.4x |
| Fri, 03 May 2024 | HK$119.1b | HK$311.0b | HK$9.4b | 6.8x | 12.7x | 0.4x |
| Sun, 31 Mar 2024 | HK$123.9b | HK$312.0b | HK$9.3b | 6.9x | 13.3x | 0.4x |
| Tue, 27 Feb 2024 | HK$111.5b | HK$299.1b | HK$9.9b | 7.6x | 11.3x | 0.4x |
| Thu, 25 Jan 2024 | HK$109.8b | HK$302.8b | HK$10.0b | 7.3x | 11x | 0.4x |
| Sat, 23 Dec 2023 | HK$119.7b | HK$301.1b | HK$9.9b | 7.6x | 12.1x | 0.4x |
| Mon, 20 Nov 2023 | HK$122.1b | HK$296.1b | HK$10.0b | 7.2x | 12.3x | 0.4x |
| Wed, 18 Oct 2023 | HK$124.7b | HK$292.7b | HK$9.4b | 8.6x | 13.3x | 0.4x |
| Fri, 15 Sep 2023 | HK$124.0b | HK$293.7b | HK$9.4b | 9x | 13.2x | 0.4x |
| Sun, 13 Aug 2023 | HK$127.1b | HK$268.6b | HK$8.5b | 10.8x | 15x | 0.5x |
| Tue, 11 Jul 2023 | HK$128.9b | HK$268.7b | HK$8.5b | 11.7x | 15.2x | 0.5x |
| Thu, 08 Jun 2023 | HK$117.1b | HK$272.8b | HK$8.6b | 10.4x | 13.6x | 0.4x |
| Sat, 06 May 2023 | HK$127.0b | HK$278.4b | HK$8.4b | 10.4x | 15.1x | 0.5x |
| Mon, 03 Apr 2023 | HK$98.9b | HK$279.9b | HK$8.3b | 10.5x | 12x | 0.4x |
| Wed, 01 Mar 2023 | HK$129.9b | HK$261.9b | HK$5.1b | 14.2x | 25.7x | 0.5x |
| Fri, 27 Jan 2023 | HK$142.1b | HK$266.0b | HK$5.1b | 13.5x | 27.6x | 0.5x |
| Sun, 25 Dec 2022 | HK$125.3b | HK$259.0b | HK$5.0b | 12.8x | 25.1x | 0.5x |
| Tue, 22 Nov 2022 | HK$126.3b | HK$255.4b | HK$4.9b | 14.1x | 25.8x | 0.5x |
| Thu, 20 Oct 2022 | HK$144.6b | HK$253.2b | HK$5.2b | 14.2x | 28x | 0.6x |
| Sat, 17 Sep 2022 | HK$91.6b | HK$248.2b | HK$5.1b | 15.8x | 17.9x | 0.4x |
| Mon, 15 Aug 2022 | HK$101.6b | HK$260.0b | HK$6.9b | 14.3x | 14.8x | 0.4x |
| Wed, 13 Jul 2022 | HK$98.9b | HK$261.1b | HK$6.9b | 14.1x | 14.3x | 0.4x |
| Fri, 10 Jun 2022 | HK$87.6b | HK$262.1b | HK$6.9b | 13x | 12.7x | 0.3x |
| Sun, 08 May 2022 | HK$78.0b | HK$263.1b | HK$7.4b | 11.1x | 10.5x | 0.3x |
| Tue, 05 Apr 2022 | HK$89.2b | HK$272.5b | HK$7.7b | 12.6x | 11.7x | 0.3x |
| Thu, 03 Mar 2022 | HK$107.1b | HK$256.2b | HK$9.8b | 13.5x | 10.9x | 0.4x |
| Sat, 29 Jan 2022 | HK$120.6b | HK$253.7b | HK$9.7b | 16.6x | 12.4x | 0.5x |
| Mon, 27 Dec 2021 | HK$127.5b | HK$253.9b | HK$9.7b | 15.1x | 13.1x | 0.5x |
| Wed, 24 Nov 2021 | HK$135.7b | HK$253.0b | HK$9.7b | 16.6x | 14x | 0.5x |
| Fri, 22 Oct 2021 | HK$127.1b | HK$249.7b | HK$9.7b | 15.2x | 13.1x | 0.5x |
Price to Earnings Ratio
13.1x
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 10.3x which is lower than its 3-year average PE of 14.8x.
- The industry is trading close to its 3-year average PS ratio of 0.42x.
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 10.0% 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 | -6.19% | |
| Consumer Discretionary | -4.90% | |
| Auto Components | -4.05% | |
| Tires and Rubber | 1.17% | |
| Auto Parts and Equipment | -4.46% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry even though it's trading below its 3-year average PE ratio of 15.5x.
- Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings decline of 27.2% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 1571 Xin Point Holdings | HK$3.64 | 1.4% +HK$50.1m | 29.1% | PE5x | |
| 2457 Buyang International Holding | HK$0.38 | 8.7% +HK$30.0m | 13.6% | PE9.3x | |
| 2025 Ruifeng Power Group | HK$1.18 | 0.9% +HK$8.0m | -20.8% | PE64.8x | |
| 1930 Shinelong Automotive Lightweight Application | HK$0.28 | 3.7% +HK$6.6m | -21.1% | PE12x | |
| 6928 TOMO Holdings | HK$0.17 | 4.9% +HK$3.6m | -55.8% | PS5.1x |