Slowing Rates Of Return At Yue Yuen Industrial (Holdings) (HKG:551) Leave Little Room For Excitement
Jul 04
Hong Kong (HSI) Footwear Industry Analysis
UpdatedJul 24, 2024
DataAggregated Company Financials
Companies10
- 7D-1.7%
- 3M-2.8%
- 1Y-11.7%
- YTDn/a
Over the last 7 days, the Footwear industry has dropped 1.7%, driven by Stella International Holdings declining 7.6%. Meanwhile, Golden Solar New Energy Technology Holdings actually outperformed within the industry, gaining 9.0% in the last week. Overall the industry is down 12% in 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Hong Kong Footwear Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jul 2024 | HK$51.2b | HK$91.3b | HK$4.5b | 10.8x | 11.5x | 0.6x |
| Fri, 21 Jun 2024 | HK$56.5b | HK$91.4b | HK$4.5b | 10.4x | 12.6x | 0.6x |
| Sun, 19 May 2024 | HK$62.5b | HK$91.5b | HK$4.5b | 12.7x | 14x | 0.7x |
| Tue, 16 Apr 2024 | HK$52.2b | HK$92.5b | HK$4.1b | 10.2x | 12.7x | 0.6x |
| Thu, 14 Mar 2024 | HK$48.1b | HK$92.8b | HK$3.2b | 10.8x | 15.3x | 0.5x |
| Sat, 10 Feb 2024 | HK$39.8b | HK$92.8b | HK$3.2b | 9.1x | 12.6x | 0.4x |
| Mon, 08 Jan 2024 | HK$39.5b | HK$92.8b | HK$3.2b | 8.7x | 12.5x | 0.4x |
| Wed, 06 Dec 2023 | HK$41.8b | HK$92.9b | HK$3.2b | 10x | 13.2x | 0.5x |
| Fri, 03 Nov 2023 | HK$54.1b | HK$96.2b | HK$3.5b | 9.3x | 15.7x | 0.6x |
| Sun, 01 Oct 2023 | HK$52.5b | HK$96.3b | HK$3.5b | 9x | 15.2x | 0.5x |
| Tue, 29 Aug 2023 | HK$55.5b | HK$96.4b | HK$3.5b | 11x | 16x | 0.6x |
| Thu, 27 Jul 2023 | HK$56.7b | HK$98.2b | HK$3.8b | 11.3x | 14.8x | 0.6x |
| Sat, 24 Jun 2023 | HK$55.9b | HK$98.5b | HK$3.8b | 17.5x | 14.6x | 0.6x |
| Mon, 22 May 2023 | HK$58.1b | HK$98.8b | HK$3.9b | 17.8x | 15.1x | 0.6x |
| Wed, 19 Apr 2023 | HK$64.8b | HK$101.8b | HK$4.2b | 19.9x | 15.5x | 0.6x |
| Fri, 17 Mar 2023 | HK$58.5b | HK$100.6b | HK$4.4b | 12.5x | 13.2x | 0.6x |
| Sun, 12 Feb 2023 | HK$67.2b | HK$101.6b | HK$4.3b | 14x | 15.5x | 0.7x |
| Tue, 10 Jan 2023 | HK$66.1b | HK$101.1b | HK$4.3b | 13.9x | 15.3x | 0.7x |
| Thu, 08 Dec 2022 | HK$60.8b | HK$100.2b | HK$4.3b | 13.4x | 14.2x | 0.6x |
| Sat, 05 Nov 2022 | HK$55.5b | HK$95.3b | HK$2.9b | 14.9x | 19x | 0.6x |
| Mon, 03 Oct 2022 | HK$58.6b | HK$95.8b | HK$3.0b | 17.4x | 19.7x | 0.6x |
| Wed, 31 Aug 2022 | HK$72.1b | HK$96.3b | HK$3.1b | 20.2x | 23x | 0.7x |
| Fri, 29 Jul 2022 | HK$80.9b | HK$93.8b | HK$2.8b | 19.3x | 29.3x | 0.9x |
| Sun, 26 Jun 2022 | HK$72.7b | HK$93.9b | HK$2.8b | 25.6x | 26x | 0.8x |
| Tue, 24 May 2022 | HK$64.8b | HK$94.0b | HK$2.9b | 19.3x | 22x | 0.7x |
| Thu, 21 Apr 2022 | HK$68.8b | HK$95.4b | HK$3.0b | 18.6x | 23.1x | 0.7x |
| Sat, 19 Mar 2022 | HK$69.1b | HK$95.2b | HK$2.8b | 22.1x | 24.6x | 0.7x |
| Mon, 14 Feb 2022 | HK$83.0b | HK$93.6b | HK$2.5b | 23x | 33.2x | 0.9x |
| Wed, 12 Jan 2022 | HK$368.4b | HK$146.9b | HK$11.5b | 27.8x | 32.1x | 2.5x |
| Fri, 10 Dec 2021 | HK$426.6b | HK$147.3b | HK$11.5b | 28x | 37x | 2.9x |
| Sun, 07 Nov 2021 | HK$417.2b | HK$149.3b | HK$11.9b | 20.4x | 35x | 2.8x |
| Tue, 05 Oct 2021 | HK$455.5b | HK$148.9b | HK$11.8b | 20.9x | 38.5x | 3.1x |
| Thu, 02 Sep 2021 | HK$527.1b | HK$148.4b | HK$11.8b | 21.6x | 44.8x | 3.6x |
| Sat, 31 Jul 2021 | HK$532.6b | HK$148.4b | HK$11.8b | 21.1x | 45.3x | 3.6x |
Price to Earnings Ratio
45.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Footwear 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 11.5x which is lower than its 3-year average PE of 21.3x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.56x.
Past Earnings Growth
- The earnings for companies in the Footwear industry have declined 28% per year over the last three years,
- Revenues have also declined 15% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Footwear compare with similar industries?
| HK Market | -2.37% | |
| Consumer Discretionary | -1.60% | |
| Luxury | -1.77% | |
| Footwear | -1.73% | |
| Textiles | 0.88% | |
| Apparel, Accessories and Luxury Goods | -1.88% | |
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 | |
|---|---|---|---|---|---|
| 1121 Golden Solar New Energy Technology Holdings | HK$3.63 | 9.0% +HK$544.0m | -42.4% | PS20.8x | |
| 1028 C.banner International Holdings | HK$0.36 | 9.1% +HK$62.3m | 151.7% | PE33.4x | |
| 676 Pegasus International Holdings | HK$0.77 | 5.5% +HK$29.2m | 11.6% | PE159.8x | |
| 1170 Kingmaker Footwear Holdings | HK$0.75 | 2.7% +HK$14.5m | -15.7% | PE24.9x | |
| 8187 Jimu Group | HK$0.39 | 1.3% +HK$541.7k | 63.2% | PS1.5x |
