Minth Group Limited (HKG:425) Just Released Its Half-Yearly Earnings: Here's What Analysts Think
Aug 24
Hong Kong (HSI) Auto Components Industry Analysis
UpdatedAug 23, 2024
DataAggregated Company Financials
Companies25
- 7D2.9%
- 3M-24.4%
- 1Y-27.7%
- YTD-21.6%
In the last week, the Auto Components industry is up 2.9%, with iMotion Automotive Technology (Suzhou) up 27%. During this same period, the Intron Technology Holdings underperformed, falling 12%. However, the industry is down 28% over the past year. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Sat, 24 Aug 2024 | HK$87.9b | HK$315.5b | HK$9.7b | 5.8x | 9.1x | 0.3x |
| Mon, 22 Jul 2024 | HK$93.3b | HK$309.7b | HK$9.4b | 6.6x | 9.9x | 0.3x |
| Wed, 19 Jun 2024 | HK$111.4b | HK$310.2b | HK$9.4b | 6.6x | 11.8x | 0.4x |
| Fri, 17 May 2024 | HK$114.2b | HK$311.4b | HK$9.4b | 6.8x | 12.1x | 0.4x |
| Sun, 14 Apr 2024 | HK$121.5b | HK$311.8b | HK$9.4b | 6.7x | 12.9x | 0.4x |
| Tue, 12 Mar 2024 | HK$113.7b | HK$299.3b | HK$10.1b | 7.4x | 11.3x | 0.4x |
| Thu, 08 Feb 2024 | HK$104.1b | HK$301.8b | HK$9.9b | 7.4x | 10.5x | 0.3x |
| Sat, 06 Jan 2024 | HK$118.8b | HK$300.9b | HK$9.9b | 7.4x | 12x | 0.4x |
| Mon, 04 Dec 2023 | HK$120.2b | HK$299.1b | HK$10.1b | 7.4x | 11.9x | 0.4x |
| Wed, 01 Nov 2023 | HK$116.3b | HK$292.5b | HK$9.4b | 8x | 12.4x | 0.4x |
| Fri, 29 Sep 2023 | HK$122.1b | HK$292.9b | HK$9.4b | 8.3x | 13x | 0.4x |
| Sun, 27 Aug 2023 | HK$121.7b | HK$274.7b | HK$9.3b | 9.7x | 13.1x | 0.4x |
| Tue, 25 Jul 2023 | HK$129.0b | HK$269.6b | HK$8.5b | 11.4x | 15.2x | 0.5x |
| Thu, 22 Jun 2023 | HK$118.6b | HK$270.2b | HK$8.5b | 11.1x | 13.9x | 0.4x |
| Sat, 20 May 2023 | HK$124.2b | HK$275.2b | HK$8.7b | 10.8x | 14.3x | 0.5x |
| Mon, 17 Apr 2023 | HK$127.6b | HK$280.0b | HK$8.2b | 12.8x | 15.5x | 0.5x |
| Wed, 15 Mar 2023 | HK$119.0b | HK$263.7b | HK$5.1b | 13.5x | 23.4x | 0.5x |
| Fri, 10 Feb 2023 | HK$148.2b | HK$266.8b | HK$5.2b | 14.5x | 28.7x | 0.6x |
| Sun, 08 Jan 2023 | HK$131.5b | HK$263.5b | HK$5.1b | 13.7x | 25.8x | 0.5x |
| Tue, 06 Dec 2022 | HK$130.8b | HK$256.9b | HK$4.9b | 14.3x | 26.6x | 0.5x |
| Thu, 03 Nov 2022 | HK$119.3b | HK$251.3b | HK$5.1b | 13.2x | 23.3x | 0.5x |
| Sat, 01 Oct 2022 | HK$79.5b | HK$244.7b | HK$5.1b | 13.9x | 15.7x | 0.3x |
| Mon, 29 Aug 2022 | HK$101.0b | HK$250.2b | HK$5.8b | 14.1x | 17.6x | 0.4x |
| Wed, 27 Jul 2022 | HK$102.6b | HK$260.1b | HK$6.9b | 14x | 14.9x | 0.4x |
| Fri, 24 Jun 2022 | HK$98.6b | HK$261.7b | HK$6.9b | 13.7x | 14.3x | 0.4x |
| Sun, 22 May 2022 | HK$83.6b | HK$261.9b | HK$6.9b | 12.3x | 12.1x | 0.3x |
| Tue, 19 Apr 2022 | HK$82.2b | HK$272.5b | HK$7.7b | 11.4x | 10.7x | 0.3x |
| Thu, 17 Mar 2022 | HK$86.0b | HK$254.7b | HK$9.7b | 10.6x | 8.8x | 0.3x |
| Sat, 12 Feb 2022 | HK$122.9b | HK$254.3b | HK$9.7b | 15.9x | 12.6x | 0.5x |
| Mon, 10 Jan 2022 | HK$128.0b | HK$253.6b | HK$9.7b | 16x | 13.2x | 0.5x |
| Wed, 08 Dec 2021 | HK$127.5b | HK$253.5b | HK$9.7b | 15.9x | 13.1x | 0.5x |
| Fri, 05 Nov 2021 | HK$126.2b | HK$249.6b | HK$9.7b | 15.6x | 13x | 0.5x |
| Sun, 03 Oct 2021 | HK$114.2b | HK$248.4b | HK$9.7b | 13x | 11.8x | 0.5x |
| Tue, 31 Aug 2021 | HK$131.6b | HK$247.5b | HK$9.6b | 14.2x | 13.6x | 0.5x |
Price to Earnings Ratio
13.6x
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 9.1x which is lower than its 3-year average PE of 15.0x.
- 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 8.4% 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 | 1.60% | |
| Consumer Discretionary | 3.67% | |
| Auto Components | 2.90% | |
| Tires and Rubber | 4.28% | |
| Auto Parts and Equipment | 2.77% | |
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 15.6x.
- Analysts are expecting annual earnings growth of 22.1%, 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 9.4x.
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 17% 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 | |
|---|---|---|---|---|---|
| 1274 iMotion Automotive Technology (Suzhou) | HK$27.95 | 26.8% +HK$1.3b | n/a | PS4.4x | |
| 425 Minth Group | HK$11.18 | 5.3% +HK$650.7m | -51.0% | PE5.7x | |
| 1571 Xin Point Holdings | HK$3.25 | 15.2% +HK$431.2m | 12.5% | PE4.5x | |
| 1809 Prinx Chengshan Holdings | HK$7.98 | 7.3% +HK$343.8m | 23.1% | PE4.5x | |
| 1316 Nexteer Automotive Group | HK$2.52 | 4.1% +HK$251.0m | -48.5% | PE44x |
