Returns On Capital At Yihai International Holding (HKG:1579) Paint A Concerning Picture
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Hong Kong (HSI) Food Industry Analysis
UpdatedNov 24, 2024
DataAggregated Company Financials
Companies53
- 7D-1.5%
- 3M9.5%
- 1Y-6.4%
- YTD-0.7%
Over the last 7 days, the Food industry has dropped 1.5%, driven by a pullback from Tingyi (Cayman Islands) Holding of 5.5%. Overall the industry is down 6.4% in 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Hong Kong Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | HK$501.3b | HK$728.1b | HK$35.1b | 14x | 14.3x | 0.7x |
| Tue, 22 Oct 2024 | HK$519.1b | HK$734.7b | HK$35.5b | 13.6x | 14.6x | 0.7x |
| Thu, 19 Sep 2024 | HK$469.0b | HK$737.9b | HK$35.7b | 11.9x | 13.2x | 0.6x |
| Sat, 17 Aug 2024 | HK$467.3b | HK$741.7b | HK$31.4b | 12.6x | 14.9x | 0.6x |
| Mon, 15 Jul 2024 | HK$477.0b | HK$737.2b | HK$27.7b | 13.2x | 17.2x | 0.6x |
| Wed, 12 Jun 2024 | HK$489.5b | HK$739.3b | HK$27.3b | 14.6x | 18x | 0.7x |
| Fri, 10 May 2024 | HK$503.0b | HK$741.4b | HK$27.3b | 14.7x | 18.4x | 0.7x |
| Sun, 07 Apr 2024 | HK$481.5b | HK$742.2b | HK$27.3b | 14.4x | 17.6x | 0.6x |
| Tue, 05 Mar 2024 | HK$442.9b | HK$752.8b | HK$35.5b | 13x | 12.5x | 0.6x |
| Thu, 01 Feb 2024 | HK$478.0b | HK$793.0b | HK$37.2b | 13.3x | 12.8x | 0.6x |
| Sat, 30 Dec 2023 | HK$544.1b | HK$792.6b | HK$37.2b | 15.6x | 14.6x | 0.7x |
| Mon, 27 Nov 2023 | HK$547.2b | HK$770.1b | HK$35.5b | 15.2x | 15.4x | 0.7x |
| Wed, 25 Oct 2023 | HK$527.4b | HK$764.1b | HK$35.1b | 15.6x | 15x | 0.7x |
| Fri, 22 Sep 2023 | HK$534.1b | HK$764.0b | HK$35.0b | 16x | 15.2x | 0.7x |
| Sun, 20 Aug 2023 | HK$540.0b | HK$753.7b | HK$36.9b | 16.7x | 14.6x | 0.7x |
| Tue, 18 Jul 2023 | HK$567.0b | HK$759.7b | HK$39.8b | 17.2x | 14.2x | 0.7x |
| Thu, 15 Jun 2023 | HK$572.1b | HK$763.0b | HK$40.3b | 14.9x | 14.2x | 0.7x |
| Sat, 13 May 2023 | HK$602.1b | HK$776.5b | HK$41.2b | 13.8x | 14.6x | 0.8x |
| Mon, 10 Apr 2023 | HK$639.8b | HK$782.2b | HK$41.5b | 13.2x | 15.4x | 0.8x |
| Wed, 08 Mar 2023 | HK$657.8b | HK$755.0b | HK$43.5b | 11.6x | 15.1x | 0.9x |
| Fri, 03 Feb 2023 | HK$701.7b | HK$768.2b | HK$44.8b | 11x | 15.7x | 0.9x |
| Sun, 01 Jan 2023 | HK$668.6b | HK$749.0b | HK$43.3b | 10.9x | 15.4x | 0.9x |
| Tue, 29 Nov 2022 | HK$572.0b | HK$729.0b | HK$42.8b | 10x | 13.4x | 0.8x |
| Thu, 27 Oct 2022 | HK$542.8b | HK$726.6b | HK$42.7b | 9.3x | 12.7x | 0.7x |
| Sat, 24 Sep 2022 | HK$604.9b | HK$737.3b | HK$43.5b | 9.7x | 13.9x | 0.8x |
| Mon, 22 Aug 2022 | HK$644.4b | HK$742.7b | HK$47.6b | 10.1x | 13.5x | 0.9x |
| Wed, 20 Jul 2022 | HK$706.7b | HK$743.9b | HK$47.5b | 10.2x | 14.9x | 0.9x |
| Fri, 17 Jun 2022 | HK$681.3b | HK$745.4b | HK$47.9b | 10.7x | 14.2x | 0.9x |
| Sun, 15 May 2022 | HK$690.8b | HK$740.7b | HK$47.5b | 10.5x | 14.6x | 0.9x |
| Tue, 12 Apr 2022 | HK$705.4b | HK$768.0b | HK$49.9b | 10.8x | 14.1x | 0.9x |
| Thu, 10 Mar 2022 | HK$754.6b | HK$779.8b | HK$58.4b | 8.1x | 12.9x | 1x |
| Sat, 05 Feb 2022 | HK$847.4b | HK$772.5b | HK$57.8b | 9.1x | 14.7x | 1.1x |
| Mon, 03 Jan 2022 | HK$815.3b | HK$773.4b | HK$57.9b | 8.7x | 14.1x | 1.1x |
| Wed, 01 Dec 2021 | HK$807.6b | HK$769.4b | HK$57.5b | 8.9x | 14x | 1x |
Price to Earnings Ratio
14x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Food 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 PE ratio of 14.8x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 15% per year over the last three years.
- 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 Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | -0.64% | |
| Consumer Staples | -1.10% | |
| Food | -1.52% | |
| Packaged Foods and Meats | -1.51% | |
| Agricultural Products | -1.75% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 14.6x.
- Analysts are expecting annual earnings growth of 11.5%, which is higher than its past year's earnings decline of 3.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 104% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 288 WH Group | HK$6.29 | 1.9% +HK$1.7b | 31.0% | PE11.5x | |
| 6683 Star Plus Legend Holdings | HK$5.14 | 15.5% +HK$575.0m | -46.7% | PE85.8x | |
| 2419 Dekon Food and Agriculture Group | HK$35.95 | 3.8% +HK$505.5m | n/a | PE6x | |
| 2319 China Mengniu Dairy | HK$16.88 | 0.5% +HK$305.6m | -33.9% | PE14.5x | |
| 809 Global Bio-chem Technology Group | HK$0.082 | 13.9% +HK$89.0m | 51.9% | PE0.2x |
