Subdued Growth No Barrier To SPT Energy Group Inc. (HKG:1251) With Shares Advancing 27%
Apr 17
Hong Kong (HSI) Energy Services Industry Analysis
UpdatedApr 21, 2024
DataAggregated Company Financials
Companies16
- 7D-0.3%
- 3M19.8%
- 1Y-5.1%
- YTD9.3%
Last week, the Energy Services industry hasn't moved much but Jutal Offshore Oil Services is up 9.4% in that time. As for the longer term, the industry has declined 5.1% in the last year. Looking forward, earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Sun, 21 Apr 2024 | HK$126.1b | HK$170.5b | HK$4.0b | 9.8x | 31.3x | 0.7x |
| Tue, 19 Mar 2024 | HK$113.2b | HK$165.5b | HK$2.7b | 11.7x | 42x | 0.7x |
| Thu, 15 Feb 2024 | HK$102.0b | HK$166.2b | HK$2.7b | 10.6x | 37.5x | 0.6x |
| Sat, 13 Jan 2024 | HK$108.9b | HK$166.6b | HK$2.7b | 12x | 39.9x | 0.7x |
| Mon, 11 Dec 2023 | HK$108.8b | HK$166.4b | HK$2.7b | 12.2x | 39.9x | 0.7x |
| Wed, 08 Nov 2023 | HK$114.2b | HK$164.0b | HK$2.7b | 12x | 42.5x | 0.7x |
| Fri, 06 Oct 2023 | HK$121.0b | HK$161.6b | HK$2.7b | 12.3x | 45.3x | 0.7x |
| Sun, 03 Sep 2023 | HK$115.3b | HK$163.6b | HK$2.7b | 15.2x | 42.9x | 0.7x |
| Tue, 01 Aug 2023 | HK$118.8b | HK$160.4b | HK$1.6b | 14.7x | 73.5x | 0.7x |
| Thu, 29 Jun 2023 | HK$105.2b | HK$159.0b | HK$1.6b | 12.4x | 65.6x | 0.7x |
| Sat, 27 May 2023 | HK$110.4b | HK$163.0b | HK$1.6b | 13x | 67.4x | 0.7x |
| Mon, 24 Apr 2023 | HK$123.3b | HK$162.7b | HK$1.5b | 13.9x | 82x | 0.8x |
| Wed, 22 Mar 2023 | HK$119.7b | HK$160.8b | -HK$1,095,128,984.00 | 23x | -109.3x | 0.7x |
| Fri, 17 Feb 2023 | HK$122.4b | HK$161.2b | -HK$1,094,641,569.00 | 23x | -111.8x | 0.8x |
| Sun, 15 Jan 2023 | HK$126.8b | HK$163.9b | -HK$1,113,753,728.00 | 23.3x | -113.9x | 0.8x |
| Tue, 13 Dec 2022 | HK$120.3b | HK$157.0b | -HK$1,066,689,692.00 | 21.7x | -112.8x | 0.8x |
| Thu, 10 Nov 2022 | HK$117.6b | HK$152.7b | -HK$1,037,434,245.00 | 23x | -113.3x | 0.8x |
| Sat, 08 Oct 2022 | HK$107.4b | HK$150.9b | -HK$1,473,397,270.00 | 24.2x | -72.9x | 0.7x |
| Mon, 05 Sep 2022 | HK$113.7b | HK$154.5b | -HK$1,754,338,798.00 | 35.3x | -64.8x | 0.7x |
| Wed, 03 Aug 2022 | HK$105.7b | HK$155.2b | -HK$841,700,935.00 | 44x | -125.6x | 0.7x |
| Fri, 01 Jul 2022 | HK$112.9b | HK$156.7b | -HK$850,191,985.00 | 48x | -132.8x | 0.7x |
| Sun, 29 May 2022 | HK$82.6b | HK$74.4b | -HK$947,225,964.00 | 32.4x | -87.2x | 1.1x |
| Tue, 26 Apr 2022 | HK$103.8b | HK$159.4b | -HK$947,214,896.00 | 38.7x | -109.6x | 0.7x |
| Thu, 24 Mar 2022 | HK$118.1b | HK$156.5b | HK$3.2b | 15.5x | 37.2x | 0.8x |
| Sat, 19 Feb 2022 | HK$132.9b | HK$154.9b | HK$3.0b | 15.6x | 44.5x | 0.9x |
| Mon, 17 Jan 2022 | HK$125.5b | HK$154.3b | HK$3.0b | 14.8x | 42.1x | 0.8x |
| Wed, 15 Dec 2021 | HK$117.3b | HK$154.3b | HK$3.0b | 12.5x | 39.4x | 0.8x |
| Fri, 12 Nov 2021 | HK$122.3b | HK$153.5b | HK$3.0b | 13.7x | 41.3x | 0.8x |
| Sun, 10 Oct 2021 | HK$142.6b | HK$151.4b | HK$2.5b | 17.6x | 56.1x | 0.9x |
| Tue, 07 Sep 2021 | HK$126.7b | HK$150.6b | HK$2.5b | 20.6x | 50.2x | 0.8x |
| Thu, 05 Aug 2021 | HK$105.5b | HK$150.6b | HK$2.5b | 19x | 41.8x | 0.7x |
| Sun, 09 May 2021 | HK$110.5b | HK$148.1b | HK$2.4b | 9.8x | 45.4x | 0.7x |
Price to Earnings Ratio
45.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Energy Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.3x which is higher than its 3-year average PE of -3.2x.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 4.8% 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 | -0.66% | |
| Energy | 1.23% | |
| Energy Services | -0.28% | |
| Oil and Gas Drilling | -0.11% | |
| Oil and Gas Services | -0.57% | |
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 21.6%, which is higher than its past year's earnings growth of 14.0% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 50.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 3303 Jutal Offshore Oil Services | HK$0.58 | 9.4% +HK$106.6m | 23.4% | PE4.5x | |
| 1251 SPT Energy Group | HK$0.25 | 22.7% +HK$89.9m | -2.4% | PE26.9x | |
| 1960 TBK & Sons Holdings | HK$0.26 | 8.8% +HK$21.0m | -30.7% | PS1.2x | |
| 206 CM Energy Tech | HK$0.22 | 1.8% +HK$13.0m | -8.6% | PE9.8x | |
| 1080 Shengli Oil & Gas Pipe Holdings | HK$0.038 | 5.6% +HK$7.7m | -45.7% | PS0.2x |
