Does Man Wah Holdings (HKG:1999) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Has the Hong Kong Consumer Durables Industry valuation changed over the past few years?
|Thu, 09 Dec 2021||HK$174.3b||HK$256.8b||HK$14.7b||7.7x|
|Sat, 06 Nov 2021||HK$176.5b||HK$252.6b||HK$14.4b||7.9x|
|Mon, 04 Oct 2021||HK$183.0b||HK$249.1b||HK$14.1b||8.1x|
|Wed, 01 Sep 2021||HK$204.0b||HK$250.0b||HK$11.0b||8.2x|
|Thu, 08 Jul 2021||HK$232.9b||HK$250.0b||HK$11.0b||8.3x|
|Wed, 31 Mar 2021||HK$223.4b||HK$230.8b||HK$9.8b||9.1x|
|Sat, 02 Jan 2021||HK$190.8b||HK$211.1b||HK$8.3b||9.2x|
|Tue, 06 Oct 2020||HK$137.6b||HK$194.4b||HK$3.6b||10.3x|
|Fri, 10 Jul 2020||HK$106.6b||HK$169.1b||HK$1.2b||9.7x|
|Thu, 02 Apr 2020||HK$88.4b||HK$170.6b||HK$2.2b||11.1x|
|Sun, 05 Jan 2020||HK$109.0b||HK$170.8b||HK$3.3b||14x|
|Wed, 09 Oct 2019||HK$83.7b||HK$149.8b||HK$3.4b||14.9x|
|Tue, 02 Jul 2019||HK$78.1b||HK$160.9b||HK$3.0b||13.7x|
|Fri, 05 Apr 2019||HK$87.3b||HK$164.9b||HK$3.0b||14.8x|
|Mon, 07 Jan 2019||HK$73.7b||HK$167.6b||HK$2.7b||12x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 11.4x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Consumer Durables industry have grown 76% per year over the last three years, and revenues for these companies have grown 15% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Hong Kong Consumer Durables industry?
|Housewares and Specialties||1.64%|
Industry PE: Investors are most optimistic about the Consumer Electronics industry even though it's trading below its 3-year average PE ratio of 13.5x. However analysts are expecting annual earnings growth of 6.6%, which is lower than the prior year's growth of 88% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Homebuilding industry, which is trading below its 3-year average of 17.7x.
Forecasted Growth: Analysts are most optimistic on the Home Furnishings industry, expecting annual earnings growth of 25% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Consumer Electronics industry is expected to see its earnings grow by 6.6% per year over the next few years.
Which companies have driven the market over the last 7 days?
Man Wah Holdings
China Automobile New Retail (Holdings)
Q Technology (Group)
JS Global Lifestyle
Yuxing InfoTech Investment Holdings
Tai Ping Carpets International
Royale Home Holdings
Imperium Technology Group
Kasen International Holdings
TCL Electronics Holdings
Huisen Household International Group