There May Be Reason For Hope In Minsheng Education Group's (HKG:1569) Disappointing Earnings
Apr 18
Hong Kong (HSI) Consumer Services Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies60
- 7D-3.7%
- 3M6.8%
- 1Y-35.3%
- YTD-7.7%
Over the last 7 days, the Consumer Services industry has dropped 3.7%, driven by declines in Perfect Medical Health Management and China Education Group Holdings of 16% and 4.9%, respectively. On the other hand Keep is actually up 15%. The industry has fallen 35% in the last year. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Hong Kong Consumer Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | HK$100.1b | HK$65.5b | HK$12.4b | 6.8x | 8.1x | 1.5x |
| Thu, 21 Mar 2024 | HK$130.0b | HK$67.6b | HK$9.9b | 7.8x | 13.1x | 1.9x |
| Sat, 17 Feb 2024 | HK$127.3b | HK$68.0b | HK$10.4b | 8.6x | 12.3x | 1.9x |
| Mon, 15 Jan 2024 | HK$131.3b | HK$67.3b | HK$10.7b | 8.9x | 12.3x | 1.9x |
| Wed, 13 Dec 2023 | HK$144.4b | HK$67.2b | HK$10.7b | 8.4x | 13.5x | 2.2x |
| Fri, 10 Nov 2023 | HK$156.2b | HK$63.7b | HK$11.0b | 7.5x | 14.2x | 2.5x |
| Sun, 08 Oct 2023 | HK$150.3b | HK$63.7b | HK$10.1b | 8.3x | 14.9x | 2.4x |
| Tue, 05 Sep 2023 | HK$162.3b | HK$63.9b | HK$10.1b | 8.4x | 16.1x | 2.5x |
| Thu, 03 Aug 2023 | HK$150.7b | HK$56.6b | HK$10.9b | 9.5x | 13.8x | 2.7x |
| Sat, 01 Jul 2023 | HK$132.4b | HK$56.0b | HK$10.6b | 9.6x | 12.5x | 2.4x |
| Mon, 29 May 2023 | HK$134.6b | HK$56.4b | HK$10.9b | 9.4x | 12.4x | 2.4x |
| Wed, 26 Apr 2023 | HK$148.8b | HK$55.2b | HK$10.8b | 9.3x | 13.8x | 2.7x |
| Fri, 24 Mar 2023 | HK$168.9b | HK$58.6b | HK$10.7b | 9.7x | 15.7x | 2.9x |
| Sun, 19 Feb 2023 | HK$193.1b | HK$56.4b | HK$10.7b | 9.6x | 18x | 3.4x |
| Tue, 17 Jan 2023 | HK$215.9b | HK$55.2b | HK$10.1b | 9.7x | 21.3x | 3.9x |
| Thu, 15 Dec 2022 | HK$164.4b | HK$51.7b | HK$9.7b | 7.3x | 17x | 3.2x |
| Sat, 12 Nov 2022 | HK$137.5b | HK$48.4b | HK$4.4b | 7.5x | 31x | 2.8x |
| Mon, 10 Oct 2022 | HK$127.0b | HK$49.0b | HK$4.5b | 7.1x | 28.2x | 2.6x |
| Wed, 07 Sep 2022 | HK$138.2b | HK$50.0b | HK$4.7b | 8.1x | 29.7x | 2.8x |
| Fri, 05 Aug 2022 | HK$126.5b | HK$53.8b | HK$3.3b | 7.7x | 38.5x | 2.4x |
| Sun, 03 Jul 2022 | HK$135.6b | HK$54.2b | HK$3.4b | 8.7x | 40.4x | 2.5x |
| Tue, 31 May 2022 | HK$103.7b | HK$54.1b | HK$3.6b | 7.7x | 28.6x | 1.9x |
| Thu, 28 Apr 2022 | HK$112.4b | HK$54.4b | HK$4.0b | 8.6x | 28.2x | 2.1x |
| Sat, 26 Mar 2022 | HK$119.6b | HK$54.9b | HK$3.9b | 8.6x | 30.6x | 2.2x |
| Mon, 21 Feb 2022 | HK$140.6b | HK$57.5b | HK$7.6b | 10.4x | 18.6x | 2.4x |
| Wed, 19 Jan 2022 | HK$161.3b | HK$57.3b | HK$7.4b | 12.2x | 21.7x | 2.8x |
| Fri, 17 Dec 2021 | HK$187.7b | HK$61.2b | HK$11.3b | 13.4x | 16.7x | 3.1x |
| Sun, 14 Nov 2021 | HK$194.5b | HK$56.2b | HK$10.3b | 14.5x | 19x | 3.5x |
| Tue, 12 Oct 2021 | HK$184.9b | HK$55.6b | HK$10.2b | 15.6x | 18.2x | 3.3x |
| Thu, 09 Sep 2021 | HK$200.9b | HK$55.3b | HK$10.0b | 15.4x | 20.1x | 3.6x |
| Sat, 07 Aug 2021 | HK$204.1b | HK$55.3b | HK$10.0b | 16.7x | 20.5x | 3.7x |
| Fri, 30 Apr 2021 | HK$302.7b | HK$51.5b | HK$9.3b | 23.5x | 32.5x | 5.9x |
Price to Earnings Ratio
32.5x
Current Industry PE
- Investors are pessimistic on the Hong Kong Consumer Services 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 8.1x which is lower than its 3-year average PE of 20.9x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Consumer Services industry have grown 9.9% per year over the last three years.
- Revenues for these companies have grown 8.3% 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 | -0.66% | |
| Consumer Discretionary | -4.41% | |
| Consumer Services | -3.69% | |
| Education Services | -3.57% | |
| Specialized Consumer Services | -4.01% | |
Industry PE
- Investors are most optimistic about the Specialized Consumer Services industry even though it's trading below its 3-year average PE ratio of 27.3x.
- Analysts are expecting annual earnings growth of 4.5%, which is lower than the prior year's growth of 37.0% per year.
- Investors are most pessimistic about the Education Services industry, which is trading below its 3-year average of 21.5x.
Forecasted Growth
- Analysts are most optimistic on the Education Services industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Specialized Consumer Services industry is expected to see its earnings grow by 4.5% 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 | |
|---|---|---|---|---|---|
| 1773 Tianli International Holdings | HK$4.48 | 9.8% +HK$846.4m | 111.3% | PE26.3x | |
| 3650 Keep | HK$6.87 | 22.9% +HK$670.2m | n/a | PE3x | |
| 1769 Scholar Education Group | HK$4.36 | 12.4% +HK$266.0m | 142.2% | PE26x | |
| 3978 China Beststudy Education Group | HK$3.06 | 13.3% +HK$266.0m | 282.5% | PE22.9x | |
| 2373 Beauty Farm Medical and Health Industry | HK$14.94 | 6.6% +HK$216.9m | -50.2% | PE15.1x |
