Returns On Capital Signal Tricky Times Ahead For Minth Group (HKG:425)
Dec 12
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Hong Kong (HSI) Auto Components Industry Analysis
UpdatedDec 17, 2024
DataAggregated Company Financials
Companies26
- 7D0.7%
- 3M12.5%
- 1Y-12.4%
- YTD-13.4%
The Auto Components industry is up 5.8% in the last week, with Tianneng Power International up 11%. During this same period, the iMotion Automotive Technology (Suzhou) underperformed, falling 15%. In contrast, the industry has lost 13% in the last 12 months. Earnings are forecast to grow by 21% 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, 17 Dec 2024 | HK$115.0b | HK$325.6b | HK$9.6b | 6.9x | 12x | 0.4x |
| Thu, 14 Nov 2024 | HK$101.9b | HK$328.2b | HK$10.2b | 7.5x | 10x | 0.3x |
| Sat, 12 Oct 2024 | HK$105.5b | HK$332.6b | HK$10.3b | 8.2x | 10.3x | 0.3x |
| Mon, 09 Sep 2024 | HK$99.0b | HK$333.6b | HK$10.3b | 6.6x | 9.6x | 0.3x |
| Wed, 07 Aug 2024 | HK$87.8b | HK$313.5b | HK$9.5b | 5.6x | 9.2x | 0.3x |
| Fri, 05 Jul 2024 | HK$106.1b | HK$309.6b | HK$9.4b | 6.8x | 11.3x | 0.3x |
| Sun, 02 Jun 2024 | HK$119.1b | HK$311.2b | HK$9.5b | 6.8x | 12.6x | 0.4x |
| Tue, 30 Apr 2024 | HK$129.5b | HK$311.4b | HK$9.4b | 6.4x | 13.8x | 0.4x |
| Thu, 28 Mar 2024 | HK$122.9b | HK$312.2b | HK$9.5b | 7.5x | 13x | 0.4x |
| Sat, 24 Feb 2024 | HK$111.4b | HK$299.2b | HK$9.9b | 7.6x | 11.3x | 0.4x |
| Mon, 22 Jan 2024 | HK$109.6b | HK$300.3b | HK$9.9b | 7.3x | 11.1x | 0.4x |
| Wed, 20 Dec 2023 | HK$120.6b | HK$300.0b | HK$9.9b | 7.6x | 12.2x | 0.4x |
| Fri, 17 Nov 2023 | HK$121.3b | HK$294.9b | HK$9.9b | 7.1x | 12.2x | 0.4x |
| Sun, 15 Oct 2023 | HK$124.7b | HK$292.7b | HK$9.4b | 8.6x | 13.3x | 0.4x |
| Tue, 12 Sep 2023 | HK$125.1b | HK$293.3b | HK$9.4b | 8.9x | 13.3x | 0.4x |
| Thu, 10 Aug 2023 | HK$131.5b | HK$269.3b | HK$8.5b | 11.5x | 15.5x | 0.5x |
| Sat, 08 Jul 2023 | HK$127.2b | HK$269.2b | HK$8.5b | 11.6x | 15x | 0.5x |
| Mon, 05 Jun 2023 | HK$117.6b | HK$273.6b | HK$8.6b | 10.9x | 13.6x | 0.4x |
| Wed, 03 May 2023 | HK$125.6b | HK$278.5b | HK$8.4b | 10.7x | 14.9x | 0.5x |
| Fri, 31 Mar 2023 | HK$98.1b | HK$279.5b | HK$7.8b | 13x | 12.6x | 0.4x |
| Sun, 26 Feb 2023 | HK$129.0b | HK$261.4b | HK$5.0b | 14.3x | 25.6x | 0.5x |
| Tue, 24 Jan 2023 | HK$137.0b | HK$266.0b | HK$5.1b | 13.5x | 26.6x | 0.5x |
| Thu, 22 Dec 2022 | HK$127.0b | HK$259.0b | HK$5.0b | 12.6x | 25.4x | 0.5x |
| Sat, 19 Nov 2022 | HK$127.1b | HK$254.5b | HK$4.9b | 14.3x | 26.1x | 0.5x |
| Mon, 17 Oct 2022 | HK$145.0b | HK$253.4b | HK$5.2b | 13.9x | 28.1x | 0.6x |
| Wed, 14 Sep 2022 | HK$94.6b | HK$250.0b | HK$5.2b | 16.1x | 18.3x | 0.4x |
| Fri, 12 Aug 2022 | HK$101.2b | HK$260.8b | HK$6.9b | 14.2x | 14.7x | 0.4x |
| Sun, 10 Jul 2022 | HK$104.8b | HK$261.8b | HK$6.9b | 14.2x | 15.1x | 0.4x |
| Tue, 07 Jun 2022 | HK$89.9b | HK$262.8b | HK$6.9b | 13.2x | 13x | 0.3x |
| Thu, 05 May 2022 | HK$80.4b | HK$264.9b | HK$7.5b | 11.9x | 10.8x | 0.3x |
| Sat, 02 Apr 2022 | HK$86.3b | HK$275.2b | HK$6.9b | 13.3x | 12.4x | 0.3x |
| Mon, 28 Feb 2022 | HK$111.8b | HK$255.8b | HK$9.8b | 14.5x | 11.4x | 0.4x |
| Wed, 26 Jan 2022 | HK$126.2b | HK$254.6b | HK$9.7b | 15.4x | 13x | 0.5x |
| Fri, 24 Dec 2021 | HK$128.2b | HK$253.9b | HK$9.7b | 15.2x | 13.2x | 0.5x |
Price to Earnings Ratio
13.2x
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 12.3x which is lower than its 3-year average PE of 14.6x.
- The industry is trading close to its 3-year average PS ratio of 0.40x.
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 8.7% 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 | -2.45% | |
| Consumer Discretionary | -2.80% | |
| Auto Components | 0.69% | |
| Auto Parts and Equipment | 0.70% | |
| Tires and Rubber | 0.51% | |
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 15.4x.
- Analysts are expecting annual earnings growth of 21.9%, 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 9.0x.
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 Tires and Rubber industry is expected to see its earnings grow by 4.5% 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 | |
|---|---|---|---|---|---|
| 819 Tianneng Power International | HK$7.81 | 8.2% +HK$664.4m | 22.8% | PE4.5x | |
| 425 Minth Group | HK$14.50 | 3.0% +HK$483.7m | -3.8% | PE7.5x | |
| 2570 Shanghai REFIRE Group | HK$151.10 | 3.6% +HK$447.9m | n/a | PS13.6x | |
| 2025 Ruifeng Power Group | HK$2.05 | 36.7% +HK$440.0m | 24.2% | PE115.2x | |
| 1809 Prinx Chengshan Holdings | HK$7.92 | 1.3% +HK$63.7m | 24.3% | PE3.1x |
