TBK & Sons Holdings Limited's (HKG:1960) 47% Share Price Surge Not Quite Adding Up
Feb 16
Have your own idea? Try our Stock Screener
- 7D-4.5%
- 3M28.8%
- 1Y34.6%
- YTD27.4%
Over the last 7 days, the Energy Services industry has dropped 2.1%, driven by a pullback from Shandong Molong Petroleum Machinery of 18%. This takes the industry's 12 month performance to a gain of 41%. Earnings are forecast to grow by 17% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 01 Apr 2026 | HK$148.7b | HK$190.8b | HK$5.4b | 21.7x | 27.3x | 0.8x |
| Fri, 27 Feb 2026 | HK$158.5b | HK$191.3b | HK$5.3b | 14.8x | 29.8x | 0.8x |
| Sun, 25 Jan 2026 | HK$138.2b | HK$187.3b | HK$5.2b | 15.5x | 26.5x | 0.7x |
| Tue, 23 Dec 2025 | HK$119.4b | HK$185.0b | HK$5.2b | 15.3x | 23.2x | 0.6x |
| Thu, 20 Nov 2025 | HK$129.7b | HK$183.3b | HK$5.1b | 14.7x | 25.4x | 0.7x |
| Sat, 18 Oct 2025 | HK$116.8b | HK$181.9b | HK$4.7b | 15.9x | 25x | 0.6x |
| Mon, 15 Sep 2025 | HK$120.2b | HK$182.6b | HK$4.7b | 15.9x | 25.7x | 0.7x |
| Wed, 13 Aug 2025 | HK$120.2b | HK$180.4b | HK$4.7b | 10.9x | 25.5x | 0.7x |
| Fri, 11 Jul 2025 | HK$115.7b | HK$180.7b | HK$4.7b | 10.3x | 24.5x | 0.6x |
| Sun, 08 Jun 2025 | HK$110.8b | HK$175.4b | HK$4.9b | 10.3x | 22.6x | 0.6x |
| Tue, 06 May 2025 | HK$107.7b | HK$171.3b | HK$4.8b | 9.9x | 22.5x | 0.6x |
| Thu, 03 Apr 2025 | HK$113.3b | HK$172.0b | HK$4.7b | 10.9x | 23.9x | 0.7x |
| Sat, 01 Mar 2025 | HK$115.3b | HK$168.8b | HK$4.3b | 10.1x | 26.7x | 0.7x |
| Mon, 27 Jan 2025 | HK$118.1b | HK$169.8b | HK$4.3b | 9.7x | 27.2x | 0.7x |
| Wed, 25 Dec 2024 | HK$114.3b | HK$168.2b | HK$4.3b | 8.7x | 26.5x | 0.7x |
| Fri, 22 Nov 2024 | HK$116.7b | HK$169.8b | HK$4.3b | 8.9x | 26.8x | 0.7x |
| Sun, 20 Oct 2024 | HK$111.6b | HK$172.7b | HK$4.4b | 9.2x | 25.3x | 0.6x |
| Tue, 17 Sep 2024 | HK$95.5b | HK$173.1b | HK$4.5b | 7.7x | 21.5x | 0.6x |
| Thu, 15 Aug 2024 | HK$103.5b | HK$169.9b | HK$4.1b | 9.1x | 25.3x | 0.6x |
| Sat, 13 Jul 2024 | HK$107.8b | HK$167.6b | HK$4.0b | 9.4x | 26.7x | 0.6x |
| Mon, 10 Jun 2024 | HK$115.6b | HK$172.3b | HK$4.3b | 9.4x | 26.9x | 0.7x |
| Wed, 08 May 2024 | HK$120.8b | HK$173.2b | HK$4.3b | 10x | 28x | 0.7x |
| Fri, 05 Apr 2024 | HK$129.0b | HK$170.7b | HK$3.7b | 9.5x | 34.9x | 0.8x |
| Sun, 03 Mar 2024 | HK$106.3b | HK$165.7b | HK$2.7b | 10.8x | 39.4x | 0.6x |
| Tue, 30 Jan 2024 | HK$109.0b | HK$166.1b | HK$2.7b | 11.5x | 40.1x | 0.7x |
| Thu, 28 Dec 2023 | HK$108.5b | HK$166.8b | HK$2.7b | 11.7x | 39.7x | 0.7x |
| Sat, 25 Nov 2023 | HK$113.2b | HK$166.3b | HK$2.7b | 12.4x | 41.5x | 0.7x |
| Mon, 23 Oct 2023 | HK$115.6b | HK$161.1b | HK$2.7b | 12.2x | 43.4x | 0.7x |
| Wed, 20 Sep 2023 | HK$123.2b | HK$162.3b | HK$2.7b | 16.5x | 45.7x | 0.8x |
| Fri, 18 Aug 2023 | HK$116.4b | HK$158.1b | HK$1.6b | 15x | 72.9x | 0.7x |
| Sun, 16 Jul 2023 | HK$114.9b | HK$160.9b | HK$1.6b | 14.4x | 70.9x | 0.7x |
| Tue, 13 Jun 2023 | HK$107.9b | HK$161.3b | HK$1.6b | 12.7x | 66.4x | 0.7x |
| Thu, 11 May 2023 | HK$119.2b | HK$166.2b | HK$1.7b | 13.2x | 71.5x | 0.7x |
| Sat, 08 Apr 2023 | HK$118.0b | HK$163.3b | HK$1.5b | 12.6x | 78.2x | 0.7x |
Price to Earnings Ratio
78.2x
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 28.0x which is lower than its 3-year average PE of 35.2x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 54% per year over the last three years.
- Revenues for these companies have grown 5.3% 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 | -1.06% | |
| Energy | -2.74% | |
| Energy Services | -4.54% | |
| Oil and Gas Drilling | -2.69% | |
| Oil and Gas Services | -6.10% | |
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 25.8%, which is higher than its past year's earnings growth of 2.4% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 18.9x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 2.4% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|
| 1921 Dalipal Holdings | HK$6.82 | 6.1% +HK$587.7m | -21.6% | PE657.9x | |
| 3337 Anton Oilfield Services Group | HK$1.07 | 1.9% +HK$55.2m | -2.7% | PE7x | |
| 1960 TBK & Sons Holdings | HK$0.41 | 3.8% +HK$15.0m | 190.2% | PS2.1x |