Shenzhou International Group Holdings (HKG:2313) Might Be Having Difficulty Using Its Capital Effectively
Jun 25
Hong Kong (HSI) Luxury Industry Analysis
UpdatedJun 25, 2024
DataAggregated Company Financials
Companies114
- 7D-2.7%
- 3M-0.3%
- 1Y-2.5%
- YTD11.2%
Over the last 7 days, the Luxury industry has dropped 2.7%, driven by Prada declining 5.4%. Meanwhile, Yue Yuen Industrial (Holdings) actually outperformed within the industry, gaining 9.9% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 13% 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, 26 Jun 2024 | HK$789.4b | HK$517.3b | HK$40.7b | 10.1x | 19.4x | 1.5x |
| Fri, 24 May 2024 | HK$845.9b | HK$518.2b | HK$40.7b | 11.3x | 20.8x | 1.6x |
| Sun, 21 Apr 2024 | HK$785.8b | HK$519.5b | HK$40.3b | 10.8x | 19.5x | 1.5x |
| Tue, 19 Mar 2024 | HK$785.2b | HK$528.6b | HK$36.8b | 10.2x | 21.3x | 1.5x |
| Thu, 15 Feb 2024 | HK$703.9b | HK$525.2b | HK$35.2b | 9.2x | 20x | 1.3x |
| Sat, 13 Jan 2024 | HK$700.3b | HK$527.1b | HK$35.3b | 9.2x | 19.9x | 1.3x |
| Mon, 11 Dec 2023 | HK$713.8b | HK$525.8b | HK$35.1b | 8.8x | 20.3x | 1.4x |
| Wed, 08 Nov 2023 | HK$796.5b | HK$525.8b | HK$35.0b | 8.2x | 22.7x | 1.5x |
| Fri, 06 Oct 2023 | HK$803.6b | HK$526.1b | HK$35.0b | 8.3x | 23x | 1.5x |
| Sun, 03 Sep 2023 | HK$833.8b | HK$526.4b | HK$34.8b | 8.5x | 23.9x | 1.6x |
| Tue, 01 Aug 2023 | HK$893.9b | HK$531.6b | HK$36.7b | 10.1x | 24.4x | 1.7x |
| Thu, 29 Jun 2023 | HK$831.7b | HK$527.5b | HK$35.8b | 9.9x | 23.2x | 1.6x |
| Sat, 27 May 2023 | HK$814.5b | HK$535.3b | HK$35.3b | 9.2x | 23.1x | 1.5x |
| Mon, 24 Apr 2023 | HK$951.8b | HK$540.6b | HK$35.7b | 9.3x | 26.6x | 1.8x |
| Wed, 22 Mar 2023 | HK$963.9b | HK$542.9b | HK$39.0b | 7.7x | 24.7x | 1.8x |
| Fri, 17 Feb 2023 | HK$1.0t | HK$539.6b | HK$39.6b | 8.9x | 25.6x | 1.9x |
| Sun, 15 Jan 2023 | HK$1.0t | HK$543.6b | HK$40.0b | 8.5x | 25.5x | 1.9x |
| Tue, 13 Dec 2022 | HK$899.4b | HK$530.9b | HK$38.8b | 8.8x | 23.2x | 1.7x |
| Thu, 10 Nov 2022 | HK$741.7b | HK$511.9b | HK$34.6b | 8.4x | 21.4x | 1.4x |
| Sat, 08 Oct 2022 | HK$863.3b | HK$516.5b | HK$35.1b | 8.5x | 24.6x | 1.7x |
| Mon, 05 Sep 2022 | HK$905.1b | HK$524.8b | HK$35.8b | 8.8x | 25.3x | 1.7x |
| Wed, 03 Aug 2022 | HK$895.0b | HK$508.7b | HK$40.3b | 8.1x | 22.2x | 1.8x |
| Fri, 01 Jul 2022 | HK$982.5b | HK$508.0b | HK$40.1b | 8.5x | 24.5x | 1.9x |
| Sun, 29 May 2022 | HK$871.6b | HK$505.8b | HK$42.2b | 8.3x | 20.7x | 1.7x |
| Tue, 26 Apr 2022 | HK$898.4b | HK$511.2b | HK$37.8b | 8.3x | 23.8x | 1.8x |
| Thu, 24 Mar 2022 | HK$971.5b | HK$513.4b | HK$41.0b | 9.3x | 23.7x | 1.9x |
| Sat, 19 Feb 2022 | HK$1.2t | HK$480.6b | HK$34.2b | 9.7x | 34.1x | 2.4x |
| Mon, 17 Jan 2022 | HK$1.1t | HK$479.6b | HK$34.1b | 9.7x | 33.2x | 2.4x |
| Wed, 15 Dec 2021 | HK$1.2t | HK$465.6b | HK$32.3b | 9.8x | 37.7x | 2.6x |
| Fri, 12 Nov 2021 | HK$1.3t | HK$468.1b | HK$30.0b | 8.8x | 42x | 2.7x |
| Sun, 10 Oct 2021 | HK$1.2t | HK$466.4b | HK$29.8b | 8.9x | 39.8x | 2.5x |
| Tue, 07 Sep 2021 | HK$1.4t | HK$465.1b | HK$29.5b | 9.5x | 47.6x | 3x |
| Thu, 05 Aug 2021 | HK$1.4t | HK$478.2b | HK$30.2b | 9.9x | 47x | 3x |
Price to Earnings Ratio
49.5x
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 19.4x which is lower than its 3-year average PE of 27.0x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 10% per year over the last three years.
- Revenues for these companies have grown 2.7% 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 | 0.97% | |
| Consumer Discretionary | -1.29% | |
| Luxury | -2.74% | |
| Footwear | 3.63% | |
| Apparel, Accessories and Luxury Goods | -3.22% | |
| Textiles | -3.23% | |
Industry PE
- Investors are most optimistic about the Textiles industry even though it's trading below its 3-year average PE ratio of 80.0x.
- Analysts are expecting annual earnings growth of 44.6%, which is higher than its past year's earnings decline of 18.9% per year.
- Investors are most pessimistic about the Footwear industry, which is trading below its 3-year average of 22.3x.
Forecasted Growth
- Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Footwear industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 551 Yue Yuen Industrial (Holdings) | HK$15.98 | 9.9% +HK$2.3b | 54.8% | PE10.2x | |
| 1910 Samsonite International | HK$24.45 | 4.7% +HK$1.6b | 11.4% | PE10.7x | |
| 1836 Stella International Holdings | HK$15.78 | 12.1% +HK$1.4b | 109.3% | PE11.6x | |
| 1234 China Lilang | HK$4.61 | 3.4% +HK$179.6m | 11.4% | PE9.7x | |
| 2260 Vanov Holdings | HK$2.00 | 19.0% +HK$154.7m | 115.1% | PE16.9x |
