Is There An Opportunity With Haidilao International Holding Ltd.'s (HKG:6862) 27% Undervaluation?
Apr 19
Hong Kong (HSI) Restaurants Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies35
- 7D8.3%
- 3M45.8%
- 1Y-19.9%
- YTDn/a
Over the last 7 days, the Restaurants industry has dropped 7.0%, driven by Meituan declining 6.7%. In contrast, Best Food Holding has gained 8.9%. However, the industry is down 31% over the past year. Looking forward, earnings are forecast to grow by 35% annually.
Industry Valuation and Performance
Has the Hong Kong Restaurants Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | HK$828.8b | HK$409.5b | HK$22.6b | 9.8x | 36.6x | 2x |
| Fri, 22 Mar 2024 | HK$722.4b | HK$380.8b | HK$15.0b | 12.2x | 48.1x | 1.9x |
| Sun, 18 Feb 2024 | HK$590.0b | HK$381.2b | HK$15.0b | 15.6x | 39.4x | 1.5x |
| Tue, 16 Jan 2024 | HK$598.9b | HK$382.1b | HK$15.0b | 16.2x | 39.9x | 1.6x |
| Thu, 14 Dec 2023 | HK$644.0b | HK$381.5b | HK$15.0b | 18.7x | 43x | 1.7x |
| Sat, 11 Nov 2023 | HK$846.2b | HK$360.5b | HK$12.2b | 16.2x | 69.6x | 2.3x |
| Mon, 09 Oct 2023 | HK$859.4b | HK$360.9b | HK$12.2b | 17.6x | 70.6x | 2.4x |
| Wed, 06 Sep 2023 | HK$998.4b | HK$361.2b | HK$12.2b | 19.2x | 81.9x | 2.8x |
| Fri, 04 Aug 2023 | HK$1.1t | HK$337.7b | HK$850.1m | 16.5x | 1263.8x | 3.2x |
| Sun, 02 Jul 2023 | HK$937.7b | HK$335.5b | HK$811.9m | 18.1x | 1154.9x | 2.8x |
| Tue, 30 May 2023 | HK$895.5b | HK$328.1b | -HK$9,478,912,911.00 | 23.7x | -94.5x | 2.7x |
| Thu, 27 Apr 2023 | HK$1.0t | HK$335.1b | -HK$9,699,182,639.00 | 19.1x | -106.6x | 3.1x |
| Sat, 25 Mar 2023 | HK$1.1t | HK$328.1b | -HK$20,518,220,405.00 | 21.1x | -52.6x | 3.3x |
| Mon, 20 Feb 2023 | HK$207.9b | HK$89.4b | -HK$7,870,981,333.00 | 34.8x | -26.4x | 2.3x |
| Wed, 18 Jan 2023 | HK$220.1b | HK$90.1b | -HK$7,949,825,326.00 | 37.1x | -27.7x | 2.4x |
| Fri, 16 Dec 2022 | HK$205.3b | HK$87.9b | -HK$7,685,084,085.00 | 35.6x | -26.7x | 2.3x |
| Sun, 13 Nov 2022 | HK$157.7b | HK$88.0b | -HK$7,632,231,744.00 | 20.6x | -20.7x | 1.8x |
| Tue, 11 Oct 2022 | HK$153.1b | HK$88.0b | -HK$7,640,614,548.00 | 14x | -20x | 1.7x |
| Thu, 08 Sep 2022 | HK$165.6b | HK$89.6b | -HK$7,833,706,143.00 | 17.8x | -21.1x | 1.8x |
| Sat, 06 Aug 2022 | HK$166.8b | HK$98.7b | -HK$10,994,537,676.00 | 18.7x | -15.2x | 1.7x |
| Mon, 04 Jul 2022 | HK$193.7b | HK$99.3b | -HK$11,077,852,159.00 | 16.9x | -17.5x | 2x |
| Wed, 01 Jun 2022 | HK$168.0b | HK$100.4b | -HK$10,813,968,887.00 | 15.9x | -15.5x | 1.7x |
| Fri, 29 Apr 2022 | HK$157.0b | HK$101.5b | -HK$10,887,248,502.00 | 14.5x | -14.4x | 1.5x |
| Sun, 27 Mar 2022 | HK$150.7b | HK$105.4b | -HK$9,448,769,974.00 | 19.3x | -15.9x | 1.4x |
| Tue, 22 Feb 2022 | HK$203.3b | HK$102.6b | -HK$2,434,260,372.00 | 23.3x | -83.5x | 2x |
| Thu, 20 Jan 2022 | HK$190.3b | HK$102.2b | -HK$2,419,644,814.00 | 16.6x | -78.7x | 1.9x |
| Sat, 18 Dec 2021 | HK$188.3b | HK$102.2b | -HK$2,416,986,484.00 | 24.5x | -77.9x | 1.8x |
| Mon, 15 Nov 2021 | HK$210.4b | HK$100.0b | -HK$2,498,554,189.00 | 20.2x | -84.2x | 2.1x |
| Wed, 13 Oct 2021 | HK$271.4b | HK$98.9b | -HK$2,473,830,801.00 | 23x | -109.7x | 2.7x |
| Fri, 10 Sep 2021 | HK$306.8b | HK$96.8b | -HK$2,827,672,687.59 | 22.5x | -108.5x | 3.2x |
| Sun, 08 Aug 2021 | HK$233.9b | HK$95.5b | -HK$2,839,904,630.90 | 22.7x | -82.4x | 2.4x |
| Sat, 01 May 2021 | HK$352.6b | HK$81.3b | HK$1.2b | 18.1x | 306.1x | 4.3x |
Price to Earnings Ratio
306.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Restaurants 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 33.7x which is lower than its 3-year average PE of 103x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Restaurants industry have grown 165% per year over the last three years.
- Revenues for these companies have grown 71% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Restaurants compare with similar industries?
| HK Market | 2.33% | |
| Consumer Discretionary | 2.70% | |
| Hospitality | 5.37% | |
| Restaurants | 8.29% | |
| Leisure Facilities | 2.85% | |
| Hotels, Resorts and Cruise Lines | 2.38% | |
| Casinos and Gaming | -2.88% | |
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 | |
|---|---|---|---|---|---|
| 3690 Meituan | HK$108.60 | 10.0% +HK$61.4b | -17.5% | PE45x | |
| 6862 Haidilao International Holding | HK$16.64 | 1.5% +HK$1.3b | -9.2% | PE19.1x | |
| 1405 DPC Dash | HK$53.55 | 3.7% +HK$247.6m | 3.0% | PS2.1x | |
| 8213 StarGlory Holdings | HK$0.62 | 45.9% +HK$101.6m | 55.0% | PS2.2x | |
| 520 Xiabuxiabu Catering Management (China) Holdings | HK$1.61 | 5.9% +HK$97.7m | -72.0% | PS0.3x |
