A Piece Of The Puzzle Missing From Honghua Group Limited's (HKG:196) Share Price
Feb 13
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Hong Kong (HSI) Energy Services Industry Analysis
UpdatedFeb 15, 2025
DataAggregated Company Financials
Companies15
- 7D-1.9%
- 3M-0.03%
- 1Y20.2%
- YTD-1.4%
Over the last 7 days, the Energy Services industry has dropped 1.9%, driven by declines in China Oilfield Services and Sinopec Oilfield Service of 2.1% and 4.5%, respectively. In contrast, Anton Oilfield Services Group has gained 11%. In the past year, the industry has gained 20%. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the Hong Kong Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | HK$114.6b | HK$169.3b | HK$4.3b | 9.9x | 26.4x | 0.7x |
| Tue, 14 Jan 2025 | HK$114.7b | HK$167.8b | HK$4.3b | 9.6x | 26.7x | 0.7x |
| Thu, 12 Dec 2024 | HK$118.5b | HK$169.0b | HK$4.3b | 8.8x | 27.4x | 0.7x |
| Sat, 09 Nov 2024 | HK$120.6b | HK$171.4b | HK$4.4b | 9.2x | 27.5x | 0.7x |
| Mon, 07 Oct 2024 | HK$116.7b | HK$173.8b | HK$4.4b | 9.5x | 26.3x | 0.7x |
| Wed, 04 Sep 2024 | HK$103.1b | HK$173.2b | HK$4.6b | 8.9x | 22.5x | 0.6x |
| Fri, 02 Aug 2024 | HK$105.0b | HK$167.9b | HK$4.0b | 9.5x | 26x | 0.6x |
| Sun, 30 Jun 2024 | HK$111.6b | HK$167.3b | HK$4.0b | 10.3x | 27.7x | 0.7x |
| Tue, 28 May 2024 | HK$122.3b | HK$172.3b | HK$4.3b | 9.8x | 28.5x | 0.7x |
| Thu, 25 Apr 2024 | HK$121.2b | HK$170.3b | HK$4.0b | 10x | 30.1x | 0.7x |
| Sat, 23 Mar 2024 | HK$111.1b | HK$164.8b | HK$2.7b | 11.8x | 41.3x | 0.7x |
| Mon, 19 Feb 2024 | HK$102.3b | HK$166.0b | HK$2.7b | 10.7x | 37.6x | 0.6x |
| Wed, 17 Jan 2024 | HK$109.2b | HK$166.1b | HK$2.7b | 11.9x | 40.1x | 0.7x |
| Fri, 15 Dec 2023 | HK$108.1b | HK$167.1b | HK$2.7b | 12.1x | 39.5x | 0.6x |
| Sun, 12 Nov 2023 | HK$112.1b | HK$163.6b | HK$2.7b | 12.3x | 41.8x | 0.7x |
| Tue, 10 Oct 2023 | HK$120.7b | HK$161.8b | HK$2.7b | 12.7x | 45.1x | 0.7x |
| Thu, 07 Sep 2023 | HK$121.2b | HK$162.5b | HK$2.7b | 16.5x | 45.4x | 0.7x |
| Sat, 05 Aug 2023 | HK$119.2b | HK$159.9b | HK$1.6b | 14.8x | 74x | 0.7x |
| Mon, 03 Jul 2023 | HK$106.1b | HK$158.8b | HK$1.6b | 12.7x | 66.2x | 0.7x |
| Wed, 31 May 2023 | HK$111.1b | HK$162.7b | HK$1.6b | 13x | 67.9x | 0.7x |
| Fri, 28 Apr 2023 | HK$123.3b | HK$164.9b | HK$1.6b | 14.2x | 78.1x | 0.7x |
| Sun, 26 Mar 2023 | HK$115.6b | HK$163.2b | HK$614.3m | 16.4x | 188.1x | 0.7x |
| Tue, 21 Feb 2023 | HK$122.5b | HK$160.8b | -HK$1,092,272,211.00 | 21.8x | -112.2x | 0.8x |
| Thu, 19 Jan 2023 | HK$125.7b | HK$163.1b | -HK$1,107,520,838.00 | 22.8x | -113.5x | 0.8x |
| Sat, 17 Dec 2022 | HK$119.7b | HK$157.3b | -HK$1,068,385,617.00 | 22x | -112x | 0.8x |
| Mon, 14 Nov 2022 | HK$120.8b | HK$155.3b | -HK$1,055,532,106.00 | 23.4x | -114.4x | 0.8x |
| Wed, 12 Oct 2022 | HK$108.1b | HK$150.0b | -HK$1,464,921,412.00 | 24.2x | -73.8x | 0.7x |
| Fri, 09 Sep 2022 | HK$114.3b | HK$153.1b | -HK$1,737,943,511.00 | 35.5x | -65.8x | 0.7x |
| Sun, 07 Aug 2022 | HK$106.2b | HK$155.3b | -HK$842,625,546.00 | 43.6x | -126x | 0.7x |
| Tue, 05 Jul 2022 | HK$112.6b | HK$156.7b | -HK$850,182,091.00 | 46.8x | -132.4x | 0.7x |
| Thu, 02 Jun 2022 | HK$121.0b | HK$157.3b | -HK$854,006,689.00 | 42.2x | -141.7x | 0.8x |
| Sat, 30 Apr 2022 | HK$105.9b | HK$158.4b | -HK$849,121,592.00 | 40.7x | -124.8x | 0.7x |
| Mon, 28 Mar 2022 | HK$117.4b | HK$160.8b | HK$1.2b | 24.6x | 95.7x | 0.7x |
| Wed, 23 Feb 2022 | HK$133.6b | HK$155.0b | HK$3.0b | 14.8x | 44.6x | 0.9x |
Price to Earnings Ratio
44.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Energy Services 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 26.4x which is higher than its 3-year average PE of -8.2x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 2.9% 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 Energy industry?
| HK Market | 4.28% | |
| Energy | -0.034% | |
| Energy Services | -1.91% | |
| Oil and Gas Services | -1.76% | |
| Oil and Gas Drilling | -2.05% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 47.5%, which is higher than its past year's earnings decline of 7.5% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 47.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 7.5% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 3337 Anton Oilfield Services Group | HK$0.78 | 11.4% +HK$236.4m | 90.2% | PE10.5x | |
| 2236 Wison Engineering Services | HK$0.35 | 12.7% +HK$163.0m | 22.4% | PS0.4x | |
| 196 Honghua Group | HK$0.14 | 13.4% +HK$142.7m | 40.6% | PS0.2x | |
| 568 Shandong Molong Petroleum Machinery | HK$1.15 | 6.5% +HK$55.8m | -30.3% | PS0.6x | |
| 1586 China Leon Inspection Holding | HK$2.36 | 2.2% +HK$29.6m | 69.7% | PE16.9x |
