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Aug 01
Hong Kong (HSI) Energy Services Industry Analysis
UpdatedAug 01, 2024
DataAggregated Company Financials
Companies15
- 7D0.03%
- 3M-13.1%
- 1Y-22.3%
- YTD-9.4%
The Energy Services is pretty flat in the last 7 days, but China Oilfield Services has stood out, gaining 4.1%. Unfortunately though, the industry is down 22% over the past 12 months. Earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Thu, 01 Aug 2024 | HK$104.6b | HK$168.4b | HK$4.1b | 9.4x | 25.8x | 0.6x |
| Sat, 29 Jun 2024 | HK$111.6b | HK$167.4b | HK$4.0b | 10.3x | 27.7x | 0.7x |
| Mon, 27 May 2024 | HK$119.7b | HK$172.4b | HK$4.3b | 9.7x | 27.9x | 0.7x |
| Wed, 24 Apr 2024 | HK$120.8b | HK$170.4b | HK$4.0b | 10x | 30x | 0.7x |
| Fri, 22 Mar 2024 | HK$114.0b | HK$165.5b | HK$2.7b | 11.9x | 42.3x | 0.7x |
| Sun, 18 Feb 2024 | HK$102.3b | HK$166.0b | HK$2.7b | 10.7x | 37.6x | 0.6x |
| Tue, 16 Jan 2024 | HK$109.8b | HK$166.5b | HK$2.7b | 12x | 40.3x | 0.7x |
| Thu, 14 Dec 2023 | HK$108.0b | HK$166.2b | HK$2.7b | 12.2x | 39.7x | 0.7x |
| Sat, 11 Nov 2023 | HK$112.2b | HK$163.6b | HK$2.7b | 12.3x | 41.8x | 0.7x |
| Mon, 09 Oct 2023 | HK$120.2b | HK$161.6b | HK$2.7b | 12.4x | 45x | 0.7x |
| Wed, 06 Sep 2023 | HK$119.6b | HK$162.5b | HK$2.7b | 16.1x | 44.8x | 0.7x |
| Fri, 04 Aug 2023 | HK$118.7b | HK$160.0b | HK$1.6b | 14.6x | 73.6x | 0.7x |
| Sun, 02 Jul 2023 | HK$106.1b | HK$158.8b | HK$1.6b | 12.7x | 66.2x | 0.7x |
| Tue, 30 May 2023 | HK$111.0b | HK$162.6b | HK$1.6b | 12.9x | 67.9x | 0.7x |
| Thu, 27 Apr 2023 | HK$124.1b | HK$161.9b | HK$1.5b | 14.1x | 82.9x | 0.8x |
| Sat, 25 Mar 2023 | HK$115.9b | HK$160.7b | -HK$1,019,857,245.00 | 19.4x | -113.7x | 0.7x |
| Mon, 20 Feb 2023 | HK$121.3b | HK$160.8b | -HK$1,092,567,604.00 | 23x | -111x | 0.8x |
| Wed, 18 Jan 2023 | HK$125.4b | HK$162.7b | -HK$1,105,129,596.00 | 23x | -113.5x | 0.8x |
| Fri, 16 Dec 2022 | HK$119.7b | HK$157.3b | -HK$1,068,148,169.00 | 21.8x | -112.1x | 0.8x |
| Sun, 13 Nov 2022 | HK$120.8b | HK$155.3b | -HK$1,055,532,106.00 | 23.4x | -114.4x | 0.8x |
| Tue, 11 Oct 2022 | HK$110.1b | HK$150.8b | -HK$1,473,318,241.00 | 23.9x | -74.8x | 0.7x |
| Thu, 08 Sep 2022 | HK$118.5b | HK$153.7b | -HK$1,745,663,067.00 | 34.8x | -67.9x | 0.8x |
| Sat, 06 Aug 2022 | HK$106.3b | HK$155.4b | -HK$843,740,221.00 | 43.6x | -126x | 0.7x |
| Mon, 04 Jul 2022 | HK$111.7b | HK$156.7b | -HK$850,182,091.00 | 48x | -131.4x | 0.7x |
| Wed, 01 Jun 2022 | HK$120.5b | HK$157.6b | -HK$855,545,198.00 | 42.3x | -140.8x | 0.8x |
| Fri, 29 Apr 2022 | HK$102.8b | HK$158.9b | -HK$1,054,946,489.00 | 39.2x | -97.5x | 0.6x |
| Sun, 27 Mar 2022 | HK$117.4b | HK$160.8b | HK$1.2b | 24.6x | 95.7x | 0.7x |
| Tue, 22 Feb 2022 | HK$132.0b | HK$155.2b | HK$3.0b | 15.6x | 44x | 0.9x |
| Thu, 20 Jan 2022 | HK$127.9b | HK$154.4b | HK$3.0b | 15x | 42.9x | 0.8x |
| Sat, 18 Dec 2021 | HK$121.7b | HK$154.3b | HK$3.0b | 13x | 40.9x | 0.8x |
| Mon, 15 Nov 2021 | HK$122.3b | HK$153.8b | HK$3.0b | 13.4x | 41.2x | 0.8x |
| Wed, 13 Oct 2021 | HK$135.6b | HK$151.2b | HK$2.5b | 16.8x | 53.5x | 0.9x |
| Fri, 10 Sep 2021 | HK$129.6b | HK$150.6b | HK$2.5b | 20.6x | 51.3x | 0.9x |
| Sun, 08 Aug 2021 | HK$105.7b | HK$150.6b | HK$2.5b | 19x | 41.9x | 0.7x |
Price to Earnings Ratio
41.9x
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 25.8x which is higher than its 3-year average PE of -4.7x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 3.8% 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 | -0.69% | |
| Energy | -1.75% | |
| Energy Services | 0.033% | |
| Oil and Gas Drilling | 1.62% | |
| Oil and Gas Services | -2.09% | |
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 28.0%, which is higher than its past year's earnings growth of 12.7% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 49.4x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 2883 China Oilfield Services | HK$7.00 | 5.7% +HK$1.8b | -23.7% | PE9.5x | |
| 1033 Sinopec Oilfield Service | HK$0.52 | 6.1% +HK$569.5m | -11.9% | PE14.7x | |
| 2236 Wison Engineering Services | HK$0.19 | 1.6% +HK$12.2m | -47.0% | PS0.2x | |
| 1938 Chu Kong Petroleum and Natural Gas Steel Pipe Holdings | HK$0.19 | 5.7% +HK$10.1m | -32.4% | PE0.9x | |
| 568 Shandong Molong Petroleum Machinery | HK$0.99 | 1.0% +HK$8.0m | -64.9% | PS0.7x |
