Estimating The Fair Value Of Vesync Co., Ltd (HKG:2148)
Nov 24
Hong Kong (HSI) Household Appliances Industry Analysis
UpdatedNov 27, 2023
DataAggregated Company Financials
Companies12
- 7D8.9%
- 3M-3.5%
- 1Y-54.2%
- YTD-59.7%
In the last week, the Household Appliances industry is up 8.9%, with Vesync up 12%. During this same period, the Kin Yat Holdings underperformed, falling 10%. In the past year, the industry is down 54%. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Household Appliances Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 Nov 2023 | HK$24.1b | HK$61.8b | HK$3.3b | 8.2x | 7.2x | 0.4x |
| Thu, 26 Oct 2023 | HK$22.3b | HK$62.0b | HK$3.4b | 8x | 6.6x | 0.4x |
| Sat, 23 Sep 2023 | HK$23.8b | HK$61.9b | HK$3.4b | 8.5x | 7.1x | 0.4x |
| Mon, 21 Aug 2023 | HK$24.6b | HK$64.8b | HK$3.4b | 8.7x | 7.2x | 0.4x |
| Wed, 19 Jul 2023 | HK$28.4b | HK$64.7b | HK$3.4b | 8.5x | 8.3x | 0.4x |
| Fri, 16 Jun 2023 | HK$51.0b | HK$65.4b | HK$3.5b | 10.2x | 14.4x | 0.8x |
| Sun, 14 May 2023 | HK$49.7b | HK$65.5b | HK$3.5b | 9.6x | 14x | 0.8x |
| Tue, 11 Apr 2023 | HK$52.0b | HK$65.6b | HK$3.5b | 10.3x | 14.7x | 0.8x |
| Thu, 09 Mar 2023 | HK$57.5b | HK$65.9b | HK$4.2b | 9.1x | 13.8x | 0.9x |
| Sat, 04 Feb 2023 | HK$64.0b | HK$65.8b | HK$4.2b | 10.2x | 15.4x | 1x |
| Mon, 02 Jan 2023 | HK$59.6b | HK$65.5b | HK$4.1b | 9.5x | 14.4x | 0.9x |
| Wed, 30 Nov 2022 | HK$54.6b | HK$66.5b | HK$4.4b | 7.1x | 12.3x | 0.8x |
| Fri, 28 Oct 2022 | HK$45.2b | HK$66.8b | HK$4.5b | 6.8x | 10.1x | 0.7x |
| Sun, 25 Sep 2022 | HK$52.5b | HK$66.8b | HK$4.5b | 7.4x | 11.8x | 0.8x |
| Tue, 23 Aug 2022 | HK$57.6b | HK$65.6b | HK$5.0b | 8.3x | 11.5x | 0.9x |
| Thu, 21 Jul 2022 | HK$60.9b | HK$65.6b | HK$5.0b | 8.3x | 12.3x | 0.9x |
| Sat, 18 Jun 2022 | HK$61.5b | HK$66.2b | HK$5.0b | 8.9x | 12.2x | 0.9x |
| Mon, 16 May 2022 | HK$62.5b | HK$66.2b | HK$5.0b | 9.4x | 12.4x | 0.9x |
| Wed, 13 Apr 2022 | HK$63.9b | HK$66.1b | HK$5.0b | 9.6x | 12.7x | 1x |
| Fri, 11 Mar 2022 | HK$60.2b | HK$62.9b | HK$5.3b | 6.9x | 11.3x | 1x |
| Sun, 06 Feb 2022 | HK$82.9b | HK$62.7b | HK$5.3b | 11.1x | 15.6x | 1.3x |
| Tue, 04 Jan 2022 | HK$57.9b | HK$50.6b | HK$4.4b | 8.8x | 13.1x | 1.1x |
| Thu, 02 Dec 2021 | HK$66.9b | HK$50.6b | HK$4.4b | 9.3x | 15.1x | 1.3x |
| Sat, 30 Oct 2021 | HK$66.4b | HK$50.5b | HK$4.5b | 8.6x | 14.9x | 1.3x |
| Mon, 27 Sep 2021 | HK$72.1b | HK$50.5b | HK$4.5b | 8.4x | 16.1x | 1.4x |
| Wed, 25 Aug 2021 | HK$87.6b | HK$51.8b | HK$1.8b | 8.7x | 49.6x | 1.7x |
| Thu, 01 Jul 2021 | HK$93.6b | HK$51.8b | HK$1.8b | 9.3x | 53x | 1.8x |
| Sun, 04 Apr 2021 | HK$92.7b | HK$48.7b | HK$1.3b | 7.5x | 70.7x | 1.9x |
| Wed, 06 Jan 2021 | HK$67.7b | HK$45.2b | HK$842.6m | 6.7x | 80.3x | 1.5x |
Price to Earnings Ratio
-95.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Household Appliances 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 7.2x which is lower than its 3-year average PE of 23.7x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.39x.
Past Earnings Growth
- Total earnings for the Household Appliances industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 17% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Hong Kong Household Appliances compare with similar industries?
| HK Market | 0.94% | |
| Consumer Discretionary | -0.43% | |
| Consumer Durables | 2.95% | |
| Household Appliances | 8.93% | |
| Home Furnishings | 0.48% | |
| Consumer Electronics | 0.00099% | |
| Housewares and Specialties | -1.67% | |
| Homebuilding | -2.77% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2148 Vesync | HK$5.51 | 12.4% +HK$706.4m | 22.4% | PE949.1x | |
| 2285 Chervon Holdings | HK$19.70 | 1.5% +HK$153.3m | -48.6% | PE10.3x | |
| 464 China Overseas Nuoxin International Holdings | HK$0.40 | 8.1% +HK$16.0m | 21.2% | PS1.3x | |
| 684 Allan International Holdings | HK$1.06 | 2.9% +HK$10.0m | 19.1% | PS0.9x |
