Returns On Capital At Li Ning (HKG:2331) Paint A Concerning Picture
Dec 17
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Luxury Industry Analysis
UpdatedDec 17, 2024
DataAggregated Company Financials
Companies113
- 7D-0.6%
- 3M18.2%
- 1Y7.6%
- YTD12.0%
In the last week, the Luxury industry is up 2.4%, with Laopu Gold up 16%. This means that the industry has gained 6.5% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 18 Dec 2024 | HK$812.1b | HK$565.3b | HK$48.6b | 9.2x | 16.7x | 1.4x |
| Fri, 15 Nov 2024 | HK$780.6b | HK$543.0b | HK$47.8b | 8.8x | 16.3x | 1.4x |
| Sun, 13 Oct 2024 | HK$857.0b | HK$548.9b | HK$48.3b | 9.1x | 17.7x | 1.6x |
| Tue, 10 Sep 2024 | HK$696.2b | HK$549.0b | HK$48.5b | 8.4x | 14.4x | 1.3x |
| Thu, 08 Aug 2024 | HK$718.1b | HK$532.2b | HK$41.9b | 9.6x | 17.2x | 1.3x |
| Sat, 06 Jul 2024 | HK$754.2b | HK$526.7b | HK$40.9b | 10.5x | 18.4x | 1.4x |
| Mon, 03 Jun 2024 | HK$831.2b | HK$518.8b | HK$40.7b | 10.9x | 20.4x | 1.6x |
| Wed, 01 May 2024 | HK$847.4b | HK$519.2b | HK$40.2b | 11.3x | 21.1x | 1.6x |
| Fri, 29 Mar 2024 | HK$804.4b | HK$518.8b | HK$40.5b | 10.4x | 19.9x | 1.6x |
| Sun, 25 Feb 2024 | HK$751.7b | HK$525.5b | HK$35.2b | 9.4x | 21.3x | 1.4x |
| Tue, 23 Jan 2024 | HK$648.0b | HK$525.7b | HK$35.1b | 8.7x | 18.4x | 1.2x |
| Thu, 21 Dec 2023 | HK$729.4b | HK$527.2b | HK$35.3b | 9.2x | 20.7x | 1.4x |
| Sat, 18 Nov 2023 | HK$742.7b | HK$525.5b | HK$35.3b | 8.3x | 21x | 1.4x |
| Mon, 16 Oct 2023 | HK$810.7b | HK$524.8b | HK$34.9b | 8.5x | 23.2x | 1.5x |
| Wed, 13 Sep 2023 | HK$820.9b | HK$524.8b | HK$34.8b | 8.7x | 23.6x | 1.6x |
| Fri, 11 Aug 2023 | HK$870.7b | HK$530.6b | HK$36.6b | 10.1x | 23.8x | 1.6x |
| Sun, 09 Jul 2023 | HK$801.3b | HK$527.6b | HK$35.6b | 9.3x | 22.5x | 1.5x |
| Tue, 06 Jun 2023 | HK$831.2b | HK$533.5b | HK$35.1b | 9.4x | 23.7x | 1.6x |
| Thu, 04 May 2023 | HK$915.4b | HK$540.1b | HK$35.7b | 9.2x | 25.6x | 1.7x |
| Sat, 01 Apr 2023 | HK$999.7b | HK$543.5b | HK$35.2b | 9.5x | 28.4x | 1.8x |
| Mon, 27 Feb 2023 | HK$979.3b | HK$535.3b | HK$39.2b | 8.8x | 25x | 1.8x |
| Wed, 25 Jan 2023 | HK$1.1t | HK$542.0b | HK$39.8b | 8.6x | 26.6x | 2x |
| Fri, 23 Dec 2022 | HK$939.0b | HK$532.0b | HK$38.9b | 8.3x | 24.1x | 1.8x |
| Sun, 20 Nov 2022 | HK$833.0b | HK$526.1b | HK$37.9b | 8x | 22x | 1.6x |
| Tue, 18 Oct 2022 | HK$787.0b | HK$513.7b | HK$34.8b | 8.7x | 22.6x | 1.5x |
| Thu, 15 Sep 2022 | HK$898.2b | HK$523.9b | HK$35.7b | 8.4x | 25.2x | 1.7x |
| Sat, 13 Aug 2022 | HK$935.3b | HK$509.5b | HK$40.4b | 8.6x | 23.2x | 1.8x |
| Mon, 11 Jul 2022 | HK$978.3b | HK$508.0b | HK$39.9b | 7.9x | 24.5x | 1.9x |
| Wed, 08 Jun 2022 | HK$961.4b | HK$507.2b | HK$42.2b | 8.5x | 22.8x | 1.9x |
| Fri, 06 May 2022 | HK$926.7b | HK$506.7b | HK$37.3b | 8.6x | 24.8x | 1.8x |
| Sun, 03 Apr 2022 | HK$984.5b | HK$516.1b | HK$39.0b | 8.9x | 25.2x | 1.9x |
| Tue, 01 Mar 2022 | HK$1.1t | HK$481.8b | HK$34.2b | 9x | 32.7x | 2.3x |
| Thu, 27 Jan 2022 | HK$1.1t | HK$480.2b | HK$34.2b | 9.2x | 33.2x | 2.4x |
| Sat, 25 Dec 2021 | HK$1.1t | HK$479.1b | HK$34.0b | 9.6x | 33.8x | 2.4x |
Price to Earnings Ratio
33.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Luxury 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 16.8x which is lower than its 3-year average PE of 22.8x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 6.7% 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 | -2.45% | |
| Consumer Discretionary | -2.80% | |
| Luxury | -0.57% | |
| Footwear | 1.32% | |
| Textiles | 0.14% | |
| Apparel, Accessories and Luxury Goods | -0.77% | |
Industry PE
- Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 11.4%, which is lower than the prior year's growth of 15.7% per year.
- Investors are most pessimistic about the Footwear industry, which is trading below its 3-year average of 17.5x.
Forecasted Growth
- Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 30% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Footwear industry is expected to see its earnings grow by 7.5% 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 | |
|---|---|---|---|---|---|
| 6181 Laopu Gold | HK$234.80 | 15.4% +HK$5.3b | n/a | PE45.9x | |
| 1913 Prada | HK$63.80 | 1.5% +HK$2.4b | 41.0% | PE26.7x | |
| 2585 Mokingran Jewelry Group | HK$14.98 | 19.3% +HK$660.7m | n/a | PE22.1x | |
| 1368 Xtep International Holdings | HK$5.89 | 4.4% +HK$643.2m | 35.7% | PE12.7x | |
| 3306 JNBY Design | HK$16.10 | 7.2% +HK$549.6m | 63.8% | PE9x |
