Is Yadea Group Holdings Ltd. (HKG:1585) Potentially Undervalued?
Jun 03
Hong Kong (HSI) Auto Industry Analysis
UpdatedJun 07, 2024
DataAggregated Company Financials
Companies13
- 7D-0.05%
- 3M18.8%
- 1Y-4.2%
- YTD7.9%
The Auto industry is up 2.0% in the last week, with BYD up 4.5%. In the same time, Great Wall Motor was down 12%. In contrast, the industry has lost 4.2% in the last 12 months. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Hong Kong Auto Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Jun 2024 | HK$1.2t | HK$1.6t | HK$58.8b | 11.4x | 21.1x | 0.8x |
| Sun, 05 May 2024 | HK$1.2t | HK$1.6t | HK$58.9b | 15.9x | 20.8x | 0.8x |
| Tue, 02 Apr 2024 | HK$1.1t | HK$1.6t | HK$56.1b | 13.3x | 19.9x | 0.7x |
| Thu, 29 Feb 2024 | HK$1.1t | HK$1.5t | HK$66.9b | 11x | 15.8x | 0.7x |
| Sat, 27 Jan 2024 | HK$1.0t | HK$1.5t | HK$67.4b | 10.6x | 15.3x | 0.7x |
| Mon, 25 Dec 2023 | HK$1.1t | HK$1.5t | HK$65.3b | 14.3x | 17x | 0.7x |
| Wed, 22 Nov 2023 | HK$1.3t | HK$1.5t | HK$65.2b | 17x | 19.9x | 0.9x |
| Fri, 20 Oct 2023 | HK$1.3t | HK$1.4t | HK$58.3b | 16.3x | 22x | 0.9x |
| Sun, 17 Sep 2023 | HK$1.3t | HK$1.4t | HK$58.6b | 17.6x | 22.1x | 0.9x |
| Tue, 15 Aug 2023 | HK$1.3t | HK$1.3t | HK$61.3b | 11.1x | 21.1x | 1x |
| Thu, 13 Jul 2023 | HK$1.4t | HK$1.3t | HK$62.0b | 10.9x | 22.2x | 1x |
| Sat, 10 Jun 2023 | HK$1.3t | HK$1.3t | HK$62.3b | 9.7x | 21.3x | 1x |
| Mon, 08 May 2023 | HK$1.3t | HK$1.4t | HK$64.3b | 8.4x | 20.8x | 1x |
| Wed, 05 Apr 2023 | HK$1.4t | HK$1.3t | HK$64.2b | 6.8x | 21x | 1x |
| Fri, 03 Mar 2023 | HK$1.4t | HK$1.2t | HK$53.1b | 9.5x | 27.2x | 1.2x |
| Sun, 29 Jan 2023 | HK$1.5t | HK$1.2t | HK$55.8b | 8.8x | 26.9x | 1.3x |
| Tue, 27 Dec 2022 | HK$1.4t | HK$1.2t | HK$54.2b | 7.9x | 25x | 1.2x |
| Thu, 24 Nov 2022 | HK$1.3t | HK$1.1t | HK$52.9b | 8x | 23.7x | 1.1x |
| Sat, 22 Oct 2022 | HK$1.3t | HK$996.2b | HK$44.5b | 7.2x | 28.8x | 1.3x |
| Mon, 19 Sep 2022 | HK$1.4t | HK$1.0t | HK$44.9b | 10.8x | 30.4x | 1.3x |
| Wed, 17 Aug 2022 | HK$1.7t | HK$1.0t | HK$45.6b | 10.7x | 36.6x | 1.6x |
| Fri, 15 Jul 2022 | HK$1.7t | HK$1.0t | HK$46.0b | 12x | 37.4x | 1.7x |
| Sun, 12 Jun 2022 | HK$1.8t | HK$1.0t | HK$45.7b | 13.6x | 40.2x | 1.8x |
| Tue, 10 May 2022 | HK$1.3t | HK$1.0t | HK$46.2b | 10.2x | 28.5x | 1.3x |
| Thu, 07 Apr 2022 | HK$1.4t | HK$1.0t | HK$46.9b | 11.4x | 29.9x | 1.3x |
| Sat, 05 Mar 2022 | HK$1.4t | HK$1.0t | HK$52.1b | 11.4x | 27.4x | 1.4x |
| Mon, 31 Jan 2022 | HK$1.5t | HK$1.0t | HK$51.6b | 15.1x | 29.7x | 1.5x |
| Wed, 29 Dec 2021 | HK$1.8t | HK$1.0t | HK$51.5b | 18.2x | 35.6x | 1.8x |
| Fri, 26 Nov 2021 | HK$2.1t | HK$1.0t | HK$51.4b | 19.1x | 40.8x | 2.1x |
| Sun, 24 Oct 2021 | HK$2.1t | HK$1.0t | HK$55.1b | 18.8x | 37.5x | 2x |
| Tue, 21 Sep 2021 | HK$1.9t | HK$1.0t | HK$54.4b | 18.8x | 34.2x | 1.8x |
| Thu, 19 Aug 2021 | HK$2.0t | HK$1.0t | HK$62.6b | 16.5x | 32.2x | 2x |
Price to Earnings Ratio
27.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Auto 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 21.3x which is lower than its 3-year average PE of 26.8x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Auto industry have declined 2.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 16% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | 0.37% | |
| Consumer Discretionary | 1.00% | |
| Auto | -0.05% | |
| Automobile Manufacturers | 0.11% | |
| Motorcycle Manufacturers | -4.49% | |
Industry PE
- Investors are most optimistic about the Automobile Manufacturers industry even though it's trading below its 3-year average PE ratio of 27.0x.
- Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings growth of 4.5% per year.
- Investors are most pessimistic about the Motorcycle Manufacturers industry, which is trading below its 3-year average of 22.8x.
Forecasted Growth
- Analysts are most optimistic on the Motorcycle Manufacturers industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 23% per year.
- In contrast, the Automobile Manufacturers industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 1211 BYD | HK$229.20 | 4.5% +HK$28.5b | -7.5% | PE20.3x | |
| 1114 Brilliance China Automotive Holdings | HK$6.66 | 6.6% +HK$2.1b | 121.3% | PE4x | |
| 175 Geely Automobile Holdings | HK$9.81 | 1.7% +HK$1.6b | 4.4% | PE17.7x | |
| 476 Ev Dynamics (Holdings) | HK$0.10 | 3.1% +HK$2.8m | -67.7% | PS1.3x |
