Is First Pacific (HKG:142) A Risky Investment?
Dec 06
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Hong Kong (HSI) Food Industry Analysis
UpdatedDec 08, 2024
DataAggregated Company Financials
Companies53
- 7D0.5%
- 3M6.2%
- 1Y2.4%
- YTD-0.03%
The Food is pretty flat in the last 7 days, but First Pacific has stood out, gaining 6.3%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 14% annually.
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, 08 Dec 2024 | HK$505.8b | HK$725.2b | HK$35.1b | 13.9x | 14.4x | 0.7x |
| Tue, 05 Nov 2024 | HK$524.8b | HK$736.1b | HK$35.6b | 14.7x | 14.8x | 0.7x |
| Thu, 03 Oct 2024 | HK$550.4b | HK$740.7b | HK$35.8b | 14.4x | 15.4x | 0.7x |
| Sat, 31 Aug 2024 | HK$474.9b | HK$739.3b | HK$35.8b | 12.1x | 13.3x | 0.6x |
| Mon, 29 Jul 2024 | HK$453.9b | HK$737.3b | HK$27.7b | 12.7x | 16.4x | 0.6x |
| Wed, 26 Jun 2024 | HK$468.9b | HK$737.9b | HK$27.1b | 13.9x | 17.3x | 0.6x |
| Fri, 24 May 2024 | HK$506.6b | HK$739.9b | HK$27.3b | 14.9x | 18.6x | 0.7x |
| Sun, 21 Apr 2024 | HK$472.4b | HK$742.3b | HK$27.3b | 13.8x | 17.3x | 0.6x |
| Tue, 19 Mar 2024 | HK$462.7b | HK$751.6b | HK$35.5b | 13.9x | 13x | 0.6x |
| Thu, 15 Feb 2024 | HK$425.7b | HK$753.2b | HK$35.4b | 13.1x | 12x | 0.6x |
| Sat, 13 Jan 2024 | HK$525.3b | HK$789.2b | HK$37.0b | 14.9x | 14.2x | 0.7x |
| Mon, 11 Dec 2023 | HK$520.3b | HK$786.3b | HK$36.7b | 14.1x | 14.2x | 0.7x |
| Wed, 08 Nov 2023 | HK$548.9b | HK$765.3b | HK$35.1b | 16.1x | 15.6x | 0.7x |
| Fri, 06 Oct 2023 | HK$537.7b | HK$764.9b | HK$35.1b | 15.9x | 15.3x | 0.7x |
| Sun, 03 Sep 2023 | HK$548.9b | HK$768.7b | HK$35.3b | 16.3x | 15.6x | 0.7x |
| Tue, 01 Aug 2023 | HK$582.6b | HK$759.1b | HK$39.8b | 17.5x | 14.7x | 0.8x |
| Thu, 29 Jun 2023 | HK$566.3b | HK$757.4b | HK$39.8b | 15.8x | 14.2x | 0.7x |
| Sat, 27 May 2023 | HK$579.4b | HK$768.7b | HK$40.7b | 13.7x | 14.2x | 0.8x |
| Mon, 24 Apr 2023 | HK$623.3b | HK$780.4b | HK$41.4b | 14.4x | 15.1x | 0.8x |
| Wed, 22 Mar 2023 | HK$638.2b | HK$761.3b | HK$43.9b | 11.9x | 14.5x | 0.8x |
| Fri, 17 Feb 2023 | HK$669.2b | HK$760.2b | HK$44.2b | 10.8x | 15.1x | 0.9x |
| Sun, 15 Jan 2023 | HK$705.9b | HK$766.0b | HK$44.7b | 11.1x | 15.8x | 0.9x |
| Tue, 13 Dec 2022 | HK$641.8b | HK$736.2b | HK$43.0b | 11.1x | 14.9x | 0.9x |
| Thu, 10 Nov 2022 | HK$559.4b | HK$728.1b | HK$42.8b | 9x | 13.1x | 0.8x |
| Sat, 08 Oct 2022 | HK$587.8b | HK$735.2b | HK$43.3b | 9.2x | 13.6x | 0.8x |
| Mon, 05 Sep 2022 | HK$631.7b | HK$749.0b | HK$44.3b | 11.8x | 14.3x | 0.8x |
| Wed, 03 Aug 2022 | HK$657.9b | HK$743.2b | HK$47.4b | 9.8x | 13.9x | 0.9x |
| Fri, 01 Jul 2022 | HK$733.7b | HK$746.8b | HK$47.7b | 11.2x | 15.4x | 1x |
| Sun, 29 May 2022 | HK$711.3b | HK$746.3b | HK$47.9b | 10.7x | 14.8x | 1x |
| Tue, 26 Apr 2022 | HK$695.3b | HK$759.1b | HK$49.1b | 9.6x | 14.1x | 0.9x |
| Thu, 24 Mar 2022 | HK$764.8b | HK$773.3b | HK$55.0b | 9.6x | 13.9x | 1x |
| Sat, 19 Feb 2022 | HK$888.4b | HK$774.5b | HK$58.0b | 9.5x | 15.3x | 1.1x |
| Mon, 17 Jan 2022 | HK$846.9b | HK$772.2b | HK$57.8b | 9.2x | 14.6x | 1.1x |
| Wed, 15 Dec 2021 | HK$830.8b | HK$773.1b | HK$57.9b | 8.6x | 14.4x | 1.1x |
Price to Earnings Ratio
14.4x
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 0.79x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 15% per year over the last three years,
- Revenues have also declined 2.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | 3.07% | |
| Consumer Staples | 1.68% | |
| Food | 0.51% | |
| Agricultural Products | 3.89% | |
| Packaged Foods and Meats | 0.40% | |
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 11.6%, which is higher than its past year's earnings decline of 3.3% 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 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 | |
|---|---|---|---|---|---|
| 142 First Pacific | HK$4.75 | 6.3% +HK$1.2b | 56.3% | PE6x | |
| 288 WH Group | HK$6.25 | 1.3% +HK$1.1b | 29.7% | PE11.4x | |
| 322 Tingyi (Cayman Islands) Holding | HK$9.94 | 1.9% +HK$1.1b | 7.9% | PE15.6x | |
| 220 Uni-President China Holdings | HK$7.08 | 2.9% +HK$863.9m | 34.1% | PE16.3x | |
| 9985 WEILONG Delicious Global Holdings | HK$7.52 | 4.2% +HK$705.3m | 11.6% | PE15.7x |
