Why We're Not Concerned About The Hongkong and Shanghai Hotels, Limited's (HKG:45) Share Price
Apr 25
Hong Kong (HSI) Hotels, Resorts and Cruise Lines Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies39
- 7D3.3%
- 3M15.3%
- 1Y-16.1%
- YTDn/a
Over the last 7 days, the Hotels, Resorts and Cruise Lines industry has dropped 2.3%, driven by a pullback from Tongcheng Travel Holdings of 2.0%. Meanwhile, China Tian Yuan Healthcare Group actually outperformed within the industry, gaining 12% in the last week. The industry has fallen 22% in the last year. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Hong Kong Hotels, Resorts and Cruise Lines Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | HK$139.9b | HK$87.6b | HK$1.9b | 14.5x | 74.2x | 1.6x |
| Sun, 24 Mar 2024 | HK$131.5b | HK$86.0b | HK$3.1b | 12.9x | 42.5x | 1.5x |
| Tue, 20 Feb 2024 | HK$123.0b | HK$77.0b | HK$2.3b | 10.8x | 52.4x | 1.6x |
| Thu, 18 Jan 2024 | HK$124.2b | HK$77.0b | HK$2.3b | 10.7x | 55.2x | 1.6x |
| Sat, 16 Dec 2023 | HK$135.2b | HK$77.4b | HK$2.3b | 10.9x | 59.2x | 1.7x |
| Mon, 13 Nov 2023 | HK$131.5b | HK$74.9b | HK$1.8b | 12.8x | 74.4x | 1.8x |
| Wed, 11 Oct 2023 | HK$142.7b | HK$74.9b | HK$1.7b | 14.1x | 82x | 1.9x |
| Fri, 08 Sep 2023 | HK$154.5b | HK$74.9b | HK$1.7b | 15.8x | 91.1x | 2.1x |
| Sun, 06 Aug 2023 | HK$165.2b | HK$67.3b | -HK$2,761,552,525.00 | 11.7x | -59.8x | 2.5x |
| Tue, 04 Jul 2023 | HK$156.0b | HK$66.4b | -HK$2,729,597,913.00 | 13.3x | -57.2x | 2.4x |
| Thu, 01 Jun 2023 | HK$152.7b | HK$66.8b | -HK$3,262,998,807.00 | 11.7x | -46.8x | 2.3x |
| Sat, 29 Apr 2023 | HK$169.9b | HK$66.6b | -HK$3,567,286,128.00 | 12.9x | -47.6x | 2.5x |
| Mon, 27 Mar 2023 | HK$173.2b | HK$69.8b | -HK$4,071,533,760.00 | 8.6x | -42.5x | 2.5x |
| Wed, 22 Feb 2023 | HK$129.0b | HK$62.1b | -HK$6,852,831,476.00 | 7.6x | -18.8x | 2.1x |
| Fri, 20 Jan 2023 | HK$133.0b | HK$62.3b | -HK$6,869,003,028.00 | 7.9x | -19.4x | 2.1x |
| Sun, 18 Dec 2022 | HK$124.8b | HK$61.5b | -HK$6,811,534,737.00 | 7.5x | -18.3x | 2x |
| Tue, 15 Nov 2022 | HK$107.4b | HK$61.4b | -HK$6,292,391,807.00 | 14.3x | -17.1x | 1.7x |
| Thu, 13 Oct 2022 | HK$101.8b | HK$61.3b | -HK$6,272,319,039.00 | 14.4x | -16.2x | 1.7x |
| Sat, 10 Sep 2022 | HK$113.6b | HK$61.9b | -HK$6,250,899,307.00 | 16x | -18.2x | 1.8x |
| Mon, 08 Aug 2022 | HK$121.6b | HK$53.6b | -HK$7,909,092,218.00 | 26.4x | -15.4x | 2.3x |
| Wed, 06 Jul 2022 | HK$124.8b | HK$53.4b | -HK$8,515,388,346.00 | 28.9x | -14.7x | 2.3x |
| Fri, 03 Jun 2022 | HK$133.0b | HK$72.2b | -HK$7,560,753,278.00 | 25.9x | -17.6x | 1.8x |
| Sun, 01 May 2022 | HK$135.8b | HK$75.1b | -HK$16,164,586,694.00 | 24.9x | -8.4x | 1.8x |
| Tue, 29 Mar 2022 | HK$134.7b | HK$69.7b | -HK$15,343,403,717.00 | 18.7x | -8.8x | 1.9x |
| Thu, 24 Feb 2022 | HK$148.7b | HK$62.9b | -HK$17,402,466,373.00 | 24.1x | -8.5x | 2.4x |
| Sat, 22 Jan 2022 | HK$145.8b | HK$62.6b | -HK$17,347,155,958.00 | 24x | -8.4x | 2.3x |
| Mon, 20 Dec 2021 | HK$139.7b | HK$62.5b | -HK$17,357,461,902.00 | 24.1x | -8x | 2.2x |
| Wed, 17 Nov 2021 | HK$144.1b | HK$62.2b | -HK$16,925,514,646.00 | 20.4x | -8.5x | 2.3x |
| Fri, 15 Oct 2021 | HK$141.7b | HK$62.0b | -HK$16,696,630,637.00 | 13.6x | -8.5x | 2.3x |
| Sun, 12 Sep 2021 | HK$146.9b | HK$61.7b | -HK$15,934,787,132.74 | 15.9x | -9.2x | 2.4x |
| Tue, 10 Aug 2021 | HK$138.9b | HK$61.8b | -HK$15,951,915,132.74 | 15.7x | -8.7x | 2.2x |
| Mon, 03 May 2021 | HK$153.9b | HK$60.0b | -HK$20,829,878,113.23 | 18.5x | -7.4x | 2.6x |
Price to Earnings Ratio
-7.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Hotels, Resorts and Cruise Lines industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 70.9x which is higher than its 3-year average PE of -1.4x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- Total earnings for the Hotels, Resorts and Cruise Lines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% 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 Hotels, Resorts and Cruise Lines compare with similar industries?
| HK Market | 3.52% | |
| Consumer Discretionary | 4.65% | |
| Hospitality | 9.03% | |
| Hotels, Resorts and Cruise Lines | 3.29% | |
| Restaurants | 11.72% | |
| Leisure Facilities | 6.00% | |
| Casinos and Gaming | 3.12% | |
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 | |
|---|---|---|---|---|---|
| 696 TravelSky Technology | HK$10.24 | 9.8% +HK$2.7b | -32.1% | PE19.8x | |
| 69 Shangri-La Asia | HK$5.65 | 5.4% +HK$1.0b | -21.3% | PE13.9x | |
| 45 Hongkong and Shanghai Hotels | HK$6.40 | 6.1% +HK$610.3m | -16.9% | PE72.3x | |
| 1992 Fosun Tourism Group | HK$3.71 | 13.5% +HK$547.1m | -58.8% | PE13.9x | |
| 308 China Travel International Investment Hong Kong | HK$1.22 | 2.5% +HK$166.1m | -25.6% | PE28.2x |
