China Mengniu Dairy Company Limited's (HKG:2319) Business Is Trailing The Market But Its Shares Aren't
Aug 05
Hong Kong (HSI) Food Industry Analysis
UpdatedAug 05, 2024
DataAggregated Company Financials
Companies53
- 7D-0.6%
- 3M-9.5%
- 1Y-21.3%
- YTD-10.0%
The Food industry has been flat over the last week, but China Mengniu Dairy has lost 7.8%. Unfortunately though, the industry is down 21% over the past 12 months. Looking forward, earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Mon, 05 Aug 2024 | HK$453.8b | HK$748.1b | HK$28.1b | 12.3x | 16.2x | 0.6x |
| Wed, 03 Jul 2024 | HK$468.7b | HK$736.7b | HK$27.7b | 13.7x | 16.9x | 0.6x |
| Fri, 31 May 2024 | HK$489.7b | HK$741.2b | HK$27.3b | 15x | 17.9x | 0.7x |
| Sun, 28 Apr 2024 | HK$492.1b | HK$741.4b | HK$27.3b | 14.6x | 18x | 0.7x |
| Tue, 26 Mar 2024 | HK$460.1b | HK$749.1b | HK$35.2b | 13.6x | 13.1x | 0.6x |
| Thu, 22 Feb 2024 | HK$444.0b | HK$753.0b | HK$35.5b | 13.3x | 12.5x | 0.6x |
| Sat, 20 Jan 2024 | HK$488.1b | HK$792.2b | HK$37.2b | 13.4x | 13.1x | 0.6x |
| Mon, 18 Dec 2023 | HK$537.8b | HK$790.5b | HK$37.1b | 14.7x | 14.5x | 0.7x |
| Wed, 15 Nov 2023 | HK$540.4b | HK$764.1b | HK$35.1b | 15.6x | 15.4x | 0.7x |
| Fri, 13 Oct 2023 | HK$546.3b | HK$764.3b | HK$35.0b | 16x | 15.6x | 0.7x |
| Sun, 10 Sep 2023 | HK$545.2b | HK$763.6b | HK$35.0b | 16.3x | 15.6x | 0.7x |
| Tue, 08 Aug 2023 | HK$569.0b | HK$757.6b | HK$39.7b | 18.1x | 14.3x | 0.8x |
| Thu, 06 Jul 2023 | HK$573.9b | HK$756.3b | HK$39.7b | 16.1x | 14.5x | 0.8x |
| Sat, 03 Jun 2023 | HK$578.7b | HK$769.3b | HK$40.7b | 13.3x | 14.2x | 0.8x |
| Mon, 01 May 2023 | HK$617.3b | HK$779.3b | HK$41.3b | 14.1x | 14.9x | 0.8x |
| Wed, 29 Mar 2023 | HK$633.8b | HK$763.9b | HK$43.2b | 12.5x | 14.7x | 0.8x |
| Fri, 24 Feb 2023 | HK$661.2b | HK$757.0b | HK$43.9b | 11.3x | 15.1x | 0.9x |
| Sun, 22 Jan 2023 | HK$697.7b | HK$762.8b | HK$44.5b | 11x | 15.7x | 0.9x |
| Tue, 20 Dec 2022 | HK$660.1b | HK$741.9b | HK$42.9b | 11.3x | 15.4x | 0.9x |
| Thu, 17 Nov 2022 | HK$591.5b | HK$737.2b | HK$43.4b | 10.4x | 13.6x | 0.8x |
| Sat, 15 Oct 2022 | HK$562.6b | HK$732.0b | HK$43.1b | 9.3x | 13.1x | 0.8x |
| Mon, 12 Sep 2022 | HK$619.2b | HK$747.6b | HK$44.2b | 11.6x | 14x | 0.8x |
| Wed, 10 Aug 2022 | HK$659.0b | HK$744.1b | HK$47.5b | 9.5x | 13.9x | 0.9x |
| Fri, 08 Jul 2022 | HK$732.3b | HK$746.7b | HK$47.7b | 10.9x | 15.4x | 1x |
| Sun, 05 Jun 2022 | HK$725.2b | HK$748.5b | HK$48.1b | 10.6x | 15.1x | 1x |
| Tue, 03 May 2022 | HK$715.2b | HK$751.8b | HK$48.5b | 10.3x | 14.7x | 1x |
| Thu, 31 Mar 2022 | HK$721.5b | HK$749.8b | HK$50.0b | 9.6x | 14.4x | 1x |
| Sat, 26 Feb 2022 | HK$857.0b | HK$777.2b | HK$58.2b | 8.9x | 14.7x | 1.1x |
| Mon, 24 Jan 2022 | HK$866.2b | HK$773.3b | HK$57.9b | 9.2x | 15x | 1.1x |
| Wed, 22 Dec 2021 | HK$820.5b | HK$772.3b | HK$57.8b | 8.7x | 14.2x | 1.1x |
| Fri, 19 Nov 2021 | HK$859.4b | HK$769.6b | HK$58.1b | 9.9x | 14.8x | 1.1x |
| Sun, 17 Oct 2021 | HK$839.9b | HK$765.4b | HK$59.8b | 10.2x | 14x | 1.1x |
| Tue, 14 Sep 2021 | HK$850.3b | HK$762.6b | HK$59.5b | 9.9x | 14.3x | 1.1x |
| Thu, 12 Aug 2021 | HK$861.0b | HK$765.3b | HK$59.0b | 10x | 14.6x | 1.1x |
Price to Earnings Ratio
14.6x
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 0.84x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 22% 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 | -0.016% | |
| Consumer Staples | -0.36% | |
| Food | -0.57% | |
| Agricultural Products | 2.16% | |
| Packaged Foods and Meats | -0.65% | |
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 14.7x.
- Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings growth of 4.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings decline of 69% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 6186 China Feihe | HK$3.67 | 5.8% +HK$1.8b | -24.8% | PE9x | |
| 288 WH Group | HK$5.14 | 1.6% +HK$1.1b | 25.1% | PE14.9x | |
| 151 Want Want China Holdings | HK$4.51 | 0.4% +HK$236.2m | -19.3% | PE12.3x | |
| 1112 Health and Happiness (H&H) International Holdings | HK$8.47 | 3.0% +HK$161.4m | -19.2% | PE8.6x | |
| 2425 AustAsia Group | HK$1.14 | 8.6% +HK$62.9m | -36.7% | PS0.2x |
