Estimating The Fair Value Of Vesync Co., Ltd (HKG:2148)
Nov 24
Hong Kong (HSI) Consumer Durables Industry Analysis
UpdatedDec 05, 2023
DataAggregated Company Financials
Companies39
- 7D-3.7%
- 3M-10.5%
- 1Y-46.8%
- YTD-44.5%
Over the last 7 days, the Consumer Durables industry has dropped 3.7%, driven by Chervon Holdings declining 8.2%. Meanwhile, Jiu Rong Holdings actually outperformed within the industry, gaining 75% in the last week. However, the industry is down 47% over the past year. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Hong Kong Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | HK$67.7b | HK$205.1b | HK$7.8b | 7x | 8.7x | 0.3x |
| Thu, 02 Nov 2023 | HK$66.8b | HK$204.9b | HK$7.3b | 7.5x | 9.1x | 0.3x |
| Sat, 30 Sep 2023 | HK$72.2b | HK$246.7b | HK$7.4b | 8.3x | 9.8x | 0.3x |
| Mon, 28 Aug 2023 | HK$77.7b | HK$251.4b | HK$7.7b | 9.5x | 10.1x | 0.3x |
| Wed, 26 Jul 2023 | HK$85.2b | HK$257.8b | HK$7.8b | 9.2x | 10.9x | 0.3x |
| Fri, 23 Jun 2023 | HK$103.7b | HK$258.3b | HK$7.2b | 9.4x | 14.5x | 0.4x |
| Sun, 21 May 2023 | HK$107.6b | HK$260.0b | HK$7.2b | 9.7x | 15x | 0.4x |
| Tue, 18 Apr 2023 | HK$119.9b | HK$265.2b | HK$7.6b | 9.7x | 15.8x | 0.5x |
| Thu, 16 Mar 2023 | HK$120.5b | HK$269.4b | HK$9.7b | 7.8x | 12.4x | 0.4x |
| Sat, 11 Feb 2023 | HK$136.2b | HK$275.5b | HK$10.0b | 7.6x | 13.6x | 0.5x |
| Mon, 09 Jan 2023 | HK$136.3b | HK$274.2b | HK$9.9b | 7.7x | 13.7x | 0.5x |
| Wed, 07 Dec 2022 | HK$129.3b | HK$271.9b | HK$9.9b | 7.3x | 13.1x | 0.5x |
| Fri, 04 Nov 2022 | HK$97.3b | HK$269.1b | HK$10.5b | 6.8x | 9.3x | 0.4x |
| Sun, 02 Oct 2022 | HK$100.1b | HK$270.0b | HK$10.8b | 7.1x | 9.3x | 0.4x |
| Tue, 30 Aug 2022 | HK$122.0b | HK$274.1b | HK$11.5b | 9.1x | 10.6x | 0.4x |
| Thu, 28 Jul 2022 | HK$129.1b | HK$276.5b | HK$13.2b | 8.2x | 9.8x | 0.5x |
| Sat, 25 Jun 2022 | HK$140.3b | HK$279.3b | HK$12.9b | 9x | 10.8x | 0.5x |
| Mon, 23 May 2022 | HK$135.1b | HK$279.4b | HK$12.9b | 8.6x | 10.4x | 0.5x |
| Wed, 20 Apr 2022 | HK$135.7b | HK$282.4b | HK$13.1b | 8.9x | 10.3x | 0.5x |
| Fri, 18 Mar 2022 | HK$147.0b | HK$275.9b | HK$14.4b | 7.6x | 10.2x | 0.5x |
| Sun, 13 Feb 2022 | HK$180.3b | HK$269.3b | HK$15.6b | 8x | 11.6x | 0.7x |
| Tue, 11 Jan 2022 | HK$170.5b | HK$256.8b | HK$14.7b | 7.9x | 11.6x | 0.7x |
| Thu, 09 Dec 2021 | HK$178.8b | HK$256.9b | HK$14.7b | 7.7x | 12.2x | 0.7x |
| Sat, 06 Nov 2021 | HK$176.5b | HK$252.6b | HK$14.4b | 7.9x | 12.3x | 0.7x |
| Mon, 04 Oct 2021 | HK$183.0b | HK$249.1b | HK$14.1b | 8.1x | 13x | 0.7x |
| Wed, 01 Sep 2021 | HK$204.0b | HK$250.0b | HK$11.0b | 8.2x | 18.6x | 0.8x |
| Thu, 08 Jul 2021 | HK$232.9b | HK$250.0b | HK$11.0b | 8.3x | 21.2x | 0.9x |
| Wed, 31 Mar 2021 | HK$223.4b | HK$230.8b | HK$9.8b | 9.1x | 22.8x | 1x |
| Sat, 02 Jan 2021 | HK$190.8b | HK$211.1b | HK$8.3b | 9.2x | 22.9x | 0.9x |
Price to Earnings Ratio
22.9x
Current Industry PE
- Investors are pessimistic on the Hong Kong Consumer Durables 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 8.7x which is lower than its 3-year average PE of 14.3x.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have declined 2.2% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | -3.21% | |
| Consumer Discretionary | -7.81% | |
| Consumer Durables | -3.67% | |
| Consumer Electronics | 0.14% | |
| Homebuilding | -1.97% | |
| Housewares and Specialties | -2.16% | |
| Home Furnishings | -4.55% | |
| Household Appliances | -5.47% | |
Industry PE
- Investors are most optimistic about the Consumer Electronics industry which is trading above its 3-year average PE ratio of 12.0x.
- Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings decline of 2.3% per year.
- Investors are most pessimistic about the Housewares and Specialties industry, which is trading below its 3-year average of 4.1x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Electronics industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 2.3% per year.
- In contrast, the Household Appliances industry is expected to see its earnings grow by 7.1% 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 | |
|---|---|---|---|---|---|
| 2358 Jiu Rong Holdings | HK$0.035 | 75.0% +HK$82.1m | -55.1% | PS0.2x | |
| 464 China Overseas Nuoxin International Holdings | HK$0.47 | 18.8% +HK$40.0m | 50.8% | PS1.9x | |
| 684 Allan International Holdings | HK$1.15 | 8.5% +HK$30.0m | 22.3% | PS0.9x | |
| 1747 Home Control International | HK$0.45 | 12.5% +HK$25.3m | -27.4% | PS0.3x | |
| 3882 Sky Light Holdings | HK$0.94 | 2.2% +HK$20.2m | -35.2% | PS3.2x |
