Calculating The Intrinsic Value Of Hingtex Holdings Limited (HKG:1968)
Nov 06
Hong Kong (HSI) Textiles Industry Analysis
UpdatedDec 06, 2023
DataAggregated Company Financials
Companies21
- 7D7.0%
- 3M14.2%
- 1Y5.7%
- YTD1.1%
Over the last 7 days, the Textiles industry has risen 7.0%, driven by gains from Weiqiao Textile of 89%. During this same period, the Moody Technology Holdings underperformed, falling 15%. In the last 12 months, the industry was up 5.7%. Looking forward, earnings are forecast to grow by 77% annually.
Industry Valuation and Performance
Has the Hong Kong Textiles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 06 Dec 2023 | HK$31.3b | HK$86.4b | -HK$3,089,774,851.00 | 13.6x | -10.1x | 0.4x |
| Fri, 03 Nov 2023 | HK$27.4b | HK$86.3b | -HK$2,803,576,668.00 | 8.1x | -9.8x | 0.3x |
| Sun, 01 Oct 2023 | HK$28.0b | HK$86.5b | -HK$2,811,819,591.00 | 8.7x | -10x | 0.3x |
| Tue, 29 Aug 2023 | HK$27.5b | HK$87.7b | -HK$2,666,999,097.00 | 8.1x | -10.3x | 0.3x |
| Thu, 27 Jul 2023 | HK$30.6b | HK$93.7b | -HK$255,686,863.00 | 10.1x | -119.7x | 0.3x |
| Sat, 24 Jun 2023 | HK$29.0b | HK$94.4b | HK$1.8m | 8.8x | 15712.1x | 0.3x |
| Mon, 22 May 2023 | HK$31.0b | HK$97.1b | HK$78.9m | 8.7x | 393x | 0.3x |
| Wed, 19 Apr 2023 | HK$30.8b | HK$98.8b | HK$70.5m | 8.8x | 437.1x | 0.3x |
| Fri, 17 Mar 2023 | HK$30.1b | HK$105.4b | HK$5.2b | 6.5x | 5.8x | 0.3x |
| Sun, 12 Feb 2023 | HK$31.1b | HK$106.4b | HK$5.2b | 7x | 6x | 0.3x |
| Tue, 10 Jan 2023 | HK$30.9b | HK$106.3b | HK$5.2b | 8x | 5.9x | 0.3x |
| Thu, 08 Dec 2022 | HK$29.2b | HK$103.7b | HK$5.1b | 7.3x | 5.8x | 0.3x |
| Sat, 05 Nov 2022 | HK$29.3b | HK$102.4b | HK$5.0b | 6.1x | 5.8x | 0.3x |
| Mon, 03 Oct 2022 | HK$29.6b | HK$104.2b | HK$5.1b | 6x | 5.8x | 0.3x |
| Wed, 31 Aug 2022 | HK$33.1b | HK$105.6b | HK$5.7b | 7.1x | 5.8x | 0.3x |
| Fri, 29 Jul 2022 | HK$34.7b | HK$103.7b | HK$7.4b | 6.8x | 4.7x | 0.3x |
| Sun, 26 Jun 2022 | HK$35.3b | HK$104.4b | HK$7.4b | 6.6x | 4.7x | 0.3x |
| Tue, 24 May 2022 | HK$36.5b | HK$104.5b | HK$7.6b | 6.2x | 4.8x | 0.3x |
| Thu, 21 Apr 2022 | HK$38.2b | HK$107.9b | HK$7.9b | 6.8x | 4.8x | 0.4x |
| Sat, 19 Mar 2022 | HK$39.7b | HK$102.6b | HK$7.7b | 7.5x | 5.2x | 0.4x |
| Mon, 14 Feb 2022 | HK$41.3b | HK$97.3b | HK$6.6b | 8.1x | 6.3x | 0.4x |
| Wed, 12 Jan 2022 | HK$41.4b | HK$97.1b | HK$6.6b | 7.8x | 6.3x | 0.4x |
| Fri, 10 Dec 2021 | HK$29.0b | HK$83.3b | HK$4.8b | 8.4x | 6x | 0.3x |
| Sun, 07 Nov 2021 | HK$30.3b | HK$81.4b | HK$4.8b | 7x | 6.3x | 0.4x |
| Tue, 05 Oct 2021 | HK$30.4b | HK$81.0b | HK$4.8b | 7.3x | 6.3x | 0.4x |
| Thu, 02 Sep 2021 | HK$43.3b | HK$94.1b | HK$5.6b | 7.8x | 7.8x | 0.5x |
| Sat, 31 Jul 2021 | HK$42.3b | HK$94.1b | HK$5.6b | 7x | 7.6x | 0.4x |
| Tue, 04 May 2021 | HK$43.0b | HK$88.0b | HK$4.2b | 8.5x | 10.2x | 0.5x |
| Fri, 05 Feb 2021 | HK$35.4b | HK$82.3b | HK$2.9b | 11.4x | 12.4x | 0.4x |
Price to Earnings Ratio
11.6x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Textiles industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- Total earnings for the Textiles industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Textiles compare with similar industries?
| HK Market | -4.20% | |
| Consumer Discretionary | -7.64% | |
| Luxury | -4.27% | |
| Textiles | 6.96% | |
| Apparel, Accessories and Luxury Goods | -4.38% | |
| Footwear | -9.78% | |
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 | |
|---|---|---|---|---|---|
| 2698 Weiqiao Textile | HK$3.23 | 88.9% +HK$1.8b | 142.9% | PS0.2x | |
| 1440 Star Shine Holdings Group | HK$2.09 | 8.9% +HK$214.2m | 132.2% | PS23.9x | |
| 2299 Billion Industrial Holdings | HK$4.20 | 1.0% +HK$84.7m | 4.7% | PE47.5x | |
| 2111 Best Pacific International Holdings | HK$1.08 | 4.9% +HK$52.0m | -1.8% | PE4.2x | |
| 3778 China Weaving Materials Holdings | HK$0.34 | 11.7% +HK$43.8m | -24.7% | PS0.3x |