Geely Automobile Holdings (HKG:175) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Aug 28
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Hong Kong (HSI) Auto Industry Analysis
UpdatedAug 31, 2024
DataAggregated Company Financials
Companies13
- 7D6.1%
- 3M-2.5%
- 1Y-6.4%
- YTD4.3%
Last week, the Auto industry hasn't moved much but BYD is up 6.6% in that time. Unfortunately though, the industry is down 11% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 31 Aug 2024 | HK$1.2t | HK$1.7t | HK$71.8b | 6.3x | 16.9x | 0.7x |
| Mon, 29 Jul 2024 | HK$1.2t | HK$1.6t | HK$59.4b | 9.6x | 20.4x | 0.8x |
| Wed, 26 Jun 2024 | HK$1.3t | HK$1.6t | HK$58.6b | 10.4x | 21.7x | 0.8x |
| Fri, 24 May 2024 | HK$1.2t | HK$1.6t | HK$58.8b | 12.6x | 20.5x | 0.8x |
| Sun, 21 Apr 2024 | HK$1.1t | HK$1.6t | HK$56.0b | 13.9x | 20.5x | 0.7x |
| Tue, 19 Mar 2024 | HK$1.2t | HK$1.5t | HK$66.9b | 13.2x | 17.8x | 0.8x |
| Thu, 15 Feb 2024 | HK$1.0t | HK$1.5t | HK$67.0b | 11.3x | 15.2x | 0.7x |
| Sat, 13 Jan 2024 | HK$1.1t | HK$1.5t | HK$65.1b | 14.1x | 17x | 0.7x |
| Mon, 11 Dec 2023 | HK$1.2t | HK$1.5t | HK$65.0b | 14.5x | 17.7x | 0.8x |
| Wed, 08 Nov 2023 | HK$1.3t | HK$1.5t | HK$64.0b | 17.1x | 20.5x | 0.9x |
| Fri, 06 Oct 2023 | HK$1.2t | HK$1.4t | HK$58.4b | 16.2x | 21.4x | 0.9x |
| Sun, 03 Sep 2023 | HK$1.3t | HK$1.4t | HK$58.9b | 17.1x | 22x | 0.9x |
| Tue, 01 Aug 2023 | HK$1.5t | HK$1.3t | HK$62.1b | 12x | 23.5x | 1.1x |
| Thu, 29 Jun 2023 | HK$1.3t | HK$1.3t | HK$61.2b | 10.1x | 21.7x | 1x |
| Sat, 27 May 2023 | HK$1.3t | HK$1.3t | HK$62.8b | 9.4x | 20.4x | 1x |
| Mon, 24 Apr 2023 | HK$1.3t | HK$1.3t | HK$62.5b | 7.8x | 21.1x | 1x |
| Wed, 22 Mar 2023 | HK$1.3t | HK$1.2t | HK$53.4b | 7.9x | 24.1x | 1.1x |
| Fri, 17 Feb 2023 | HK$1.5t | HK$1.2t | HK$53.5b | 10.4x | 27.7x | 1.3x |
| Sun, 15 Jan 2023 | HK$1.5t | HK$1.2t | HK$56.3b | 8x | 26.3x | 1.2x |
| Tue, 13 Dec 2022 | HK$1.4t | HK$1.1t | HK$53.9b | 8.3x | 26.1x | 1.2x |
| Thu, 10 Nov 2022 | HK$1.3t | HK$1.1t | HK$53.0b | 7.2x | 23.9x | 1.1x |
| Sat, 08 Oct 2022 | HK$1.3t | HK$1.0t | HK$45.1b | 7.7x | 28.5x | 1.3x |
| Mon, 05 Sep 2022 | HK$1.5t | HK$1.0t | HK$45.5b | 11.2x | 32.6x | 1.4x |
| Wed, 03 Aug 2022 | HK$1.7t | HK$1.0t | HK$45.7b | 11.7x | 37.7x | 1.7x |
| Fri, 01 Jul 2022 | HK$1.8t | HK$1.0t | HK$45.7b | 13.8x | 39.8x | 1.8x |
| Sun, 29 May 2022 | HK$1.6t | HK$1.0t | HK$45.8b | 12.5x | 35.1x | 1.6x |
| Tue, 26 Apr 2022 | HK$1.3t | HK$1.0t | HK$45.9b | 10.2x | 27.5x | 1.2x |
| Thu, 24 Mar 2022 | HK$1.4t | HK$1.0t | HK$51.8b | 10.8x | 27.2x | 1.4x |
| Sat, 19 Feb 2022 | HK$1.6t | HK$1.0t | HK$51.8b | 14.6x | 30.7x | 1.6x |
| Mon, 17 Jan 2022 | HK$1.8t | HK$1.0t | HK$51.6b | 18.2x | 34.1x | 1.7x |
| Wed, 15 Dec 2021 | HK$2.0t | HK$1.0t | HK$51.6b | 19.4x | 38.3x | 1.9x |
| Fri, 12 Nov 2021 | HK$2.2t | HK$1.0t | HK$51.3b | 19x | 42x | 2.1x |
| Sun, 10 Oct 2021 | HK$1.8t | HK$1.0t | HK$54.6b | 18x | 32.9x | 1.8x |
| Tue, 07 Sep 2021 | HK$2.1t | HK$1.0t | HK$54.4b | 25.3x | 38.3x | 2.1x |
Price to Earnings Ratio
38.3x
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 16.6x which is lower than its 3-year average PE of 26.1x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Auto industry have grown 8.5% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | 1.07% | |
| Consumer Discretionary | 5.17% | |
| Auto | 6.12% | |
| Motorcycle Manufacturers | 9.66% | |
| Automobile Manufacturers | 6.01% | |
Industry PE
- Investors are most optimistic about the Automobile Manufacturers industry even though it's trading below its 3-year average PE ratio of 26.3x.
- Analysts are expecting annual earnings growth of 14.0%, which is higher than its past year's earnings growth of 3.5% per year.
- Investors are most pessimistic about the Motorcycle Manufacturers industry, which is trading below its 3-year average of 21.4x.
Forecasted Growth
- Analysts are most optimistic on the Motorcycle Manufacturers industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Automobile Manufacturers industry is expected to see its earnings grow by 14% 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$241.20 | 6.6% +HK$44.0b | -1.9% | PE19.5x | |
| 175 Geely Automobile Holdings | HK$8.82 | 9.6% +HK$7.7b | -9.4% | PE5.7x | |
| 2333 Great Wall Motor | HK$11.22 | 6.7% +HK$6.0b | 20.6% | PE6.8x | |
| 1585 Yadea Group Holdings | HK$11.00 | 11.1% +HK$3.3b | -27.1% | PE12.2x | |
| 9863 Zhejiang Leapmotor Technology | HK$21.55 | 6.2% +HK$1.7b | -45.2% | PS1.3x |