There Are Reasons To Feel Uneasy About Jiumaojiu International Holdings' (HKG:9922) Returns On Capital
Nov 23
Hong Kong (HSI) Hospitality Industry Analysis
UpdatedNov 27, 2022
DataAggregated Company Financials
Companies92
- 7D-8.5%
- 3M-10.7%
- 1Y-18.6%
- YTD-11.3%
Over the last 7 days, the Hospitality industry has dropped 8.5%, driven by Sands China declining 12%. However, the industry is down 19% over the past year. Earnings are forecast to grow by 67% annually.
Industry Valuation and Performance
Has the Hong Kong Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | HK$522.7b | HK$201.2b | -HK$27,687,215,952.00 | 20.5x | -18.9x | 2.6x |
| Tue, 25 Oct 2022 | HK$487.1b | HK$200.9b | -HK$27,009,581,621.00 | 18.4x | -18x | 2.4x |
| Thu, 22 Sep 2022 | HK$564.3b | HK$203.8b | -HK$26,506,103,283.00 | 20x | -21.3x | 2.8x |
| Sat, 20 Aug 2022 | HK$585.9b | HK$208.6b | -HK$30,655,754,919.00 | 21.4x | -19.1x | 2.8x |
| Mon, 18 Jul 2022 | HK$724.2b | HK$235.9b | -HK$37,461,187,683.00 | 23.1x | -19.3x | 3.1x |
| Wed, 15 Jun 2022 | HK$675.7b | HK$236.8b | -HK$36,288,524,087.00 | 23.2x | -18.6x | 2.9x |
| Fri, 13 May 2022 | HK$676.2b | HK$258.3b | -HK$44,821,103,632.00 | 19.1x | -15.1x | 2.6x |
| Sun, 10 Apr 2022 | HK$734.5b | HK$266.4b | -HK$40,925,823,336.00 | 16.1x | -17.9x | 2.8x |
| Tue, 08 Mar 2022 | HK$740.7b | HK$257.8b | -HK$40,994,435,653.00 | 20.5x | -18.1x | 2.9x |
| Thu, 03 Feb 2022 | HK$821.9b | HK$252.7b | -HK$41,146,072,716.00 | 20.6x | -20x | 3.3x |
| Sat, 01 Jan 2022 | HK$790.8b | HK$252.5b | -HK$41,152,708,519.00 | 21.6x | -19.2x | 3.1x |
| Mon, 29 Nov 2021 | HK$854.1b | HK$251.6b | -HK$40,823,634,575.00 | 23.3x | -20.9x | 3.4x |
| Wed, 27 Oct 2021 | HK$854.8b | HK$249.0b | -HK$40,720,268,399.00 | 19.7x | -21x | 3.4x |
| Fri, 24 Sep 2021 | HK$882.7b | HK$246.4b | -HK$40,814,661,099.00 | 23.4x | -21.6x | 3.6x |
| Sun, 22 Aug 2021 | HK$880.6b | HK$244.7b | -HK$40,808,055,255.44 | 24.1x | -21.6x | 3.6x |
| Fri, 09 Jul 2021 | HK$1.2t | HK$244.7b | -HK$40,808,055,255.44 | 24.5x | -29.7x | 5x |
| Thu, 01 Apr 2021 | HK$1.3t | HK$221.3b | -HK$48,832,774,645.88 | 22.5x | -27.6x | 6.1x |
| Sun, 03 Jan 2021 | HK$1.3t | HK$206.4b | -HK$59,525,271,523.00 | 27.2x | -21.1x | 6.1x |
| Wed, 07 Oct 2020 | HK$1.1t | HK$262.9b | -HK$36,430,421,959.97 | 25.7x | -30.8x | 4.3x |
| Tue, 30 Jun 2020 | HK$997.7b | HK$321.0b | -HK$13,160,039,415.46 | 21.2x | -75.8x | 3.1x |
| Fri, 03 Apr 2020 | HK$864.4b | HK$387.9b | HK$16.1b | 23.9x | 53.7x | 2.2x |
| Mon, 06 Jan 2020 | HK$1.2t | HK$453.2b | HK$47.4b | 19.7x | 24.6x | 2.6x |
Price to Earnings Ratio
22.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- Total earnings for the Hospitality industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 24% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | -0.24% | |
| Consumer Discretionary | -8.27% | |
| Hospitality | -8.48% | |
| Leisure Facilities | 1.98% | |
| Hotels, Resorts and Cruise Lines | -6.23% | |
| Casinos and Gaming | -7.14% | |
| Restaurants | -14.03% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Hotels, Resorts and Cruise Lines industry, expecting annual earnings growth of 92% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Leisure Facilities industry is expected to see its earnings grow by 40% 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 | |
|---|---|---|---|---|---|
| 2255 Haichang Ocean Park Holdings | HK$3.70 | 2.2% +HK$649.1m | 168.1% | PE47.3x | |
| 8527 JLogo Holdings | HK$1.48 | 66.3% +HK$295.0m | -46.8% | PS7.9x | |
| 71 Miramar Hotel and Investment Company | HK$11.16 | 3.3% +HK$248.7m | -12.8% | PE20.5x | |
| 487 Success Universe Group | HK$0.15 | 31.4% +HK$182.3m | 23.0% | PS4.5x | |
| 1488 Best Food Holding | HK$0.79 | 16.2% +HK$173.7m | -11.2% | PS1.7x |
