Is There An Opportunity With China Yongda Automobiles Services Holdings Limited's (HKG:3669) 35% Undervaluation?
Nov 28
Hong Kong (HSI) Automotive Retail Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies15
- 7D-7.8%
- 3M-22.6%
- 1Y-58.8%
- YTD-59.5%
Over the last 7 days, the Automotive Retail industry has dropped 3.6%, driven by a pullback from Zhongsheng Group Holdings of 7.2%. The industry has fallen 57% in the last year. Looking forward, earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Hong Kong Automotive Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 Dec 2023 | HK$58.7b | HK$399.1b | HK$7.1b | 7.8x | 8.3x | 0.1x |
| Mon, 06 Nov 2023 | HK$65.8b | HK$389.7b | HK$6.8b | 7.4x | 9.7x | 0.2x |
| Wed, 04 Oct 2023 | HK$70.4b | HK$390.3b | HK$6.8b | 7.9x | 10.3x | 0.2x |
| Fri, 01 Sep 2023 | HK$77.9b | HK$391.5b | HK$6.8b | 10x | 11.4x | 0.2x |
| Sun, 30 Jul 2023 | HK$92.2b | HK$393.9b | HK$7.1b | 9x | 13x | 0.2x |
| Tue, 27 Jun 2023 | HK$96.5b | HK$391.4b | HK$7.1b | 9.7x | 13.6x | 0.2x |
| Thu, 25 May 2023 | HK$105.7b | HK$401.3b | HK$7.3b | 9.2x | 14.6x | 0.3x |
| Sat, 22 Apr 2023 | HK$116.9b | HK$411.5b | HK$7.4b | 8.5x | 15.7x | 0.3x |
| Mon, 20 Mar 2023 | HK$120.3b | HK$396.9b | HK$13.4b | 6.7x | 9x | 0.3x |
| Wed, 15 Feb 2023 | HK$152.8b | HK$401.1b | HK$13.5b | 8.4x | 11.3x | 0.4x |
| Fri, 13 Jan 2023 | HK$163.1b | HK$402.9b | HK$13.6b | 8.9x | 12x | 0.4x |
| Sun, 11 Dec 2022 | HK$141.6b | HK$389.7b | HK$13.1b | 8x | 10.8x | 0.4x |
| Tue, 08 Nov 2022 | HK$123.6b | HK$380.5b | HK$12.8b | 7x | 9.6x | 0.3x |
| Thu, 06 Oct 2022 | HK$118.2b | HK$384.1b | HK$12.9b | 6.6x | 9.1x | 0.3x |
| Sat, 03 Sep 2022 | HK$131.3b | HK$395.5b | HK$13.3b | 7.3x | 9.9x | 0.3x |
| Mon, 01 Aug 2022 | HK$160.4b | HK$425.0b | HK$16.4b | 5.2x | 9.8x | 0.4x |
| Wed, 29 Jun 2022 | HK$205.5b | HK$428.2b | HK$16.5b | 10.3x | 12.4x | 0.5x |
| Fri, 27 May 2022 | HK$191.3b | HK$430.9b | HK$16.6b | 9.7x | 11.5x | 0.4x |
| Sun, 24 Apr 2022 | HK$191.0b | HK$440.7b | HK$17.0b | 9.7x | 11.2x | 0.4x |
| Tue, 22 Mar 2022 | HK$190.2b | HK$473.1b | HK$6.3b | 8.1x | 30.2x | 0.4x |
| Thu, 17 Feb 2022 | HK$229.8b | HK$480.6b | HK$4.4b | 8.7x | 51.7x | 0.5x |
| Sat, 15 Jan 2022 | HK$236.1b | HK$478.2b | HK$4.4b | 10.9x | 53.4x | 0.5x |
| Mon, 13 Dec 2021 | HK$242.7b | HK$478.1b | HK$4.4b | 9.9x | 54.9x | 0.5x |
| Wed, 10 Nov 2021 | HK$261.6b | HK$475.0b | HK$4.4b | 12.4x | 59.5x | 0.6x |
| Fri, 08 Oct 2021 | HK$240.9b | HK$471.7b | HK$4.4b | 13.3x | 55.1x | 0.5x |
| Sun, 05 Sep 2021 | HK$257.7b | HK$469.6b | HK$4.3b | 12x | 59.2x | 0.5x |
| Tue, 03 Aug 2021 | HK$265.6b | HK$469.6b | HK$4.3b | 12.1x | 61.1x | 0.6x |
| Fri, 07 May 2021 | HK$230.7b | HK$416.9b | HK$2.0b | 16.3x | 115.7x | 0.6x |
| Mon, 08 Feb 2021 | HK$174.7b | HK$382.8b | HK$122.7m | 13.4x | 1423.9x | 0.5x |
Price to Earnings Ratio
1701.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Automotive Retail 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 8.5x which is lower than its 3-year average PE of 161x.
- The industry is trading close to its 3-year average PS ratio of 0.40x.
Past Earnings Growth
- The earnings for companies in the Automotive Retail industry have grown 286% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Hong Kong Automotive Retail compare with similar industries?
| HK Market | -3.37% | |
| Consumer Discretionary | -2.82% | |
| Specialty Stores | -4.24% | |
| Automotive Retail | -7.82% | |
| Home Improvement Retail | 1.11% | |
| Home Furnishing Retail | -1.75% | |
| Computer and Electronics Retail | -3.24% | |
| Specialty Stores | -3.25% | |
| Apparel Retail | -3.41% | |
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 | |
|---|---|---|---|---|---|
| 2473 XXF Group Holdings | HK$2.44 | 17.3% +HK$185.6m | n/a | PE12.1x | |
| 2337 United Strength Power Holdings | HK$4.95 | 0.8% +HK$15.0m | -35.5% | PE98.5x | |
| 8536 TL Natural Gas Holdings | HK$0.85 | 6.3% +HK$8.9m | 596.7% | PS1.9x |
