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Hong Kong (HSI) Auto Components Industry Analysis
UpdatedAug 02, 2024
DataAggregated Company Financials
Companies25
- 7D3.3%
- 3M-17.1%
- 1Y-29.6%
- YTD-17.8%
The Auto Components industry is up 3.3% in the last week, with iMotion Automotive Technology (Suzhou) up 22%. During this same period, the New Focus Auto Tech Holdings underperformed, falling 16%. However, the industry is down 30% over the past year. Looking forward, earnings are forecast to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Fri, 02 Aug 2024 | HK$92.0b | HK$310.7b | HK$9.4b | 6.1x | 9.8x | 0.3x |
| Sun, 30 Jun 2024 | HK$110.3b | HK$309.7b | HK$9.4b | 6.9x | 11.7x | 0.4x |
| Tue, 28 May 2024 | HK$117.6b | HK$310.6b | HK$9.4b | 6.5x | 12.5x | 0.4x |
| Thu, 25 Apr 2024 | HK$125.4b | HK$311.3b | HK$9.4b | 6.4x | 13.3x | 0.4x |
| Sat, 23 Mar 2024 | HK$118.8b | HK$298.4b | HK$9.9b | 7.5x | 12x | 0.4x |
| Mon, 19 Feb 2024 | HK$108.4b | HK$299.2b | HK$9.9b | 7.4x | 11x | 0.4x |
| Wed, 17 Jan 2024 | HK$114.0b | HK$299.3b | HK$9.9b | 7.6x | 11.6x | 0.4x |
| Fri, 15 Dec 2023 | HK$116.9b | HK$298.9b | HK$10.1b | 7.6x | 11.6x | 0.4x |
| Sun, 12 Nov 2023 | HK$118.1b | HK$294.1b | HK$9.9b | 7.5x | 11.9x | 0.4x |
| Tue, 10 Oct 2023 | HK$123.4b | HK$293.4b | HK$9.4b | 8.5x | 13.1x | 0.4x |
| Thu, 07 Sep 2023 | HK$124.6b | HK$293.5b | HK$9.4b | 9x | 13.2x | 0.4x |
| Sat, 05 Aug 2023 | HK$134.0b | HK$269.7b | HK$8.5b | 11.8x | 15.8x | 0.5x |
| Mon, 03 Jul 2023 | HK$123.3b | HK$268.5b | HK$8.5b | 11x | 14.6x | 0.5x |
| Wed, 31 May 2023 | HK$116.3b | HK$273.6b | HK$8.6b | 10.7x | 13.5x | 0.4x |
| Fri, 28 Apr 2023 | HK$124.3b | HK$278.1b | HK$8.2b | 12x | 15.1x | 0.4x |
| Sun, 26 Mar 2023 | HK$125.2b | HK$270.4b | HK$5.7b | 14.2x | 22.1x | 0.5x |
| Tue, 21 Feb 2023 | HK$136.6b | HK$263.7b | HK$5.1b | 14.4x | 26.8x | 0.5x |
| Thu, 19 Jan 2023 | HK$135.8b | HK$266.6b | HK$5.2b | 13.4x | 26.3x | 0.5x |
| Sat, 17 Dec 2022 | HK$127.4b | HK$258.8b | HK$5.0b | 13.7x | 25.5x | 0.5x |
| Mon, 14 Nov 2022 | HK$128.7b | HK$256.1b | HK$4.9b | 13.8x | 26.2x | 0.5x |
| Wed, 12 Oct 2022 | HK$140.6b | HK$254.4b | HK$5.2b | 13.6x | 27.1x | 0.6x |
| Fri, 09 Sep 2022 | HK$93.7b | HK$248.9b | HK$5.1b | 15.8x | 18.2x | 0.4x |
| Sun, 07 Aug 2022 | HK$103.6b | HK$259.8b | HK$6.9b | 14.4x | 15.1x | 0.4x |
| Tue, 05 Jul 2022 | HK$102.2b | HK$261.5b | HK$6.9b | 14x | 14.8x | 0.4x |
| Thu, 02 Jun 2022 | HK$88.7b | HK$262.4b | HK$6.9b | 13.7x | 12.8x | 0.3x |
| Sat, 30 Apr 2022 | HK$80.4b | HK$264.3b | HK$7.4b | 12.2x | 10.8x | 0.3x |
| Mon, 28 Mar 2022 | HK$84.9b | HK$252.8b | HK$8.3b | 13.3x | 10.2x | 0.3x |
| Wed, 23 Feb 2022 | HK$114.5b | HK$255.0b | HK$9.7b | 15.1x | 11.8x | 0.4x |
| Fri, 21 Jan 2022 | HK$133.0b | HK$254.3b | HK$9.7b | 17.5x | 13.7x | 0.5x |
| Sun, 19 Dec 2021 | HK$128.9b | HK$253.7b | HK$9.7b | 15.7x | 13.3x | 0.5x |
| Tue, 16 Nov 2021 | HK$129.4b | HK$253.3b | HK$9.7b | 16x | 13.4x | 0.5x |
| Thu, 14 Oct 2021 | HK$118.9b | HK$248.2b | HK$9.7b | 13.7x | 12.3x | 0.5x |
| Sat, 11 Sep 2021 | HK$127.9b | HK$247.5b | HK$9.6b | 14.1x | 13.3x | 0.5x |
| Mon, 09 Aug 2021 | HK$145.1b | HK$247.5b | HK$9.6b | 17x | 15x | 0.6x |
Price to Earnings Ratio
15x
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 9.8x which is lower than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 0.43x.
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 7.9% 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 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 | 1.31% | |
| Consumer Discretionary | 0.083% | |
| Auto Components | 3.27% | |
| Auto Parts and Equipment | 3.60% | |
| Tires and Rubber | -0.63% | |
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 15.7x.
- Analysts are expecting annual earnings growth of 23.5%, 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 9.5x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 24% 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 24% 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$27.10 | 21.8% +HK$1.1b | n/a | PS4.7x | |
| 179 Johnson Electric Holdings | HK$10.78 | 1.9% +HK$184.7m | -0.6% | PE5.6x | |
| 819 Tianneng Power International | HK$5.28 | 3.1% +HK$180.2m | -36.4% | PE3x | |
| 6830 Huazhong In-Vehicle Holdings | HK$2.34 | 4.0% +HK$159.2m | -0.4% | PE99.6x | |
| 2488 Launch Tech | HK$4.20 | 8.5% +HK$137.2m | 100.0% | PE9.6x |
