Analysis Article • May 08
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- 7D-0.3%
- 3M3.4%
- 1Y46.7%
- YTD19.2%
Over the last 7 days, the Oil and Gas industry has remained flat, although notably CNOOC gained 3.9%. As for the the longer term, the industry is up 48% over the past 12 months. Earnings are forecast to grow by 4.0% annually.
Industry Valuation and Performance
Has the Hong Kong Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 May 2026 | HK$6.0t | HK$7.7t | HK$470.8b | 12.8x | 12.8x | 0.8x |
| Mon, 20 Apr 2026 | HK$6.2t | HK$7.7t | HK$459.9b | 14.8x | 13.5x | 0.8x |
| Wed, 18 Mar 2026 | HK$6.4t | HK$7.7t | HK$465.3b | 13.4x | 13.8x | 0.8x |
| Fri, 13 Feb 2026 | HK$5.9t | HK$7.7t | HK$463.2b | 11.2x | 12.7x | 0.8x |
| Sun, 11 Jan 2026 | HK$5.2t | HK$7.6t | HK$456.9b | 9.3x | 11.4x | 0.7x |
| Tue, 09 Dec 2025 | HK$5.1t | HK$7.5t | HK$450.2b | 9.4x | 11.3x | 0.7x |
| Thu, 06 Nov 2025 | HK$5.0t | HK$7.4t | HK$447.1b | 9.8x | 11.2x | 0.7x |
| Sat, 04 Oct 2025 | HK$4.4t | HK$7.5t | HK$457.4b | 9.4x | 9.7x | 0.6x |
| Mon, 01 Sep 2025 | HK$4.6t | HK$7.5t | HK$459.6b | 8.4x | 10x | 0.6x |
| Wed, 30 Jul 2025 | HK$4.6t | HK$7.7t | HK$488.2b | 8.9x | 9.4x | 0.6x |
| Fri, 27 Jun 2025 | HK$4.5t | HK$7.7t | HK$488.0b | 8.3x | 9.2x | 0.6x |
| Sun, 25 May 2025 | HK$4.4t | HK$7.7t | HK$486.2b | 7.4x | 9x | 0.6x |
| Tue, 22 Apr 2025 | HK$4.1t | HK$7.7t | HK$487.3b | 6.1x | 8.5x | 0.5x |
| Thu, 20 Mar 2025 | HK$4.3t | HK$7.8t | HK$483.6b | 8.2x | 8.8x | 0.5x |
| Sat, 15 Feb 2025 | HK$4.3t | HK$7.8t | HK$482.4b | 8.6x | 9x | 0.6x |
| Mon, 13 Jan 2025 | HK$4.5t | HK$7.8t | HK$478.0b | 9.2x | 9.4x | 0.6x |
| Wed, 11 Dec 2024 | HK$4.5t | HK$7.8t | HK$482.5b | 9.1x | 9.4x | 0.6x |
| Fri, 08 Nov 2024 | HK$4.6t | HK$7.9t | HK$488.8b | 10x | 9.3x | 0.6x |
| Sun, 06 Oct 2024 | HK$5.1t | HK$8.3t | HK$505.2b | 9.9x | 10.1x | 0.6x |
| Tue, 03 Sep 2024 | HK$5.0t | HK$8.2t | HK$503.1b | 7.8x | 9.9x | 0.6x |
| Thu, 01 Aug 2024 | HK$4.8t | HK$8.1t | HK$485.9b | 6.6x | 9.8x | 0.6x |
| Sat, 29 Jun 2024 | HK$5.2t | HK$8.1t | HK$484.0b | 6.6x | 10.8x | 0.6x |
| Mon, 27 May 2024 | HK$5.0t | HK$8.1t | HK$485.8b | 6.7x | 10.4x | 0.6x |
| Wed, 24 Apr 2024 | HK$5.0t | HK$8.0t | HK$487.1b | 6.1x | 10.2x | 0.6x |
| Fri, 22 Mar 2024 | HK$4.7t | HK$8.3t | HK$504.0b | 5.9x | 9.3x | 0.6x |
| Sun, 18 Feb 2024 | HK$4.3t | HK$8.3t | HK$499.5b | 6.2x | 8.6x | 0.5x |
| Tue, 16 Jan 2024 | HK$3.9t | HK$8.4t | HK$499.7b | 6.3x | 7.8x | 0.5x |
| Thu, 14 Dec 2023 | HK$3.6t | HK$8.3t | HK$498.9b | 5.7x | 7.2x | 0.4x |
| Sat, 11 Nov 2023 | HK$3.6t | HK$8.2t | HK$493.1b | 6.5x | 7.4x | 0.4x |
| Mon, 09 Oct 2023 | HK$3.9t | HK$8.2t | HK$494.8b | 6.5x | 7.9x | 0.5x |
| Wed, 06 Sep 2023 | HK$4.0t | HK$8.3t | HK$494.9b | 6.5x | 8x | 0.5x |
| Fri, 04 Aug 2023 | HK$3.7t | HK$8.5t | HK$532.5b | 6.2x | 7x | 0.4x |
| Sun, 02 Jul 2023 | HK$3.8t | HK$8.5t | HK$528.4b | 6.2x | 7.1x | 0.4x |
| Tue, 30 May 2023 | HK$3.9t | HK$8.7t | HK$540.4b | 6.4x | 7.3x | 0.5x |
Price to Earnings Ratio
7.3x
Current Industry PE
- Investors are optimistic on the Hong Kong Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.0x which is higher than its 3-year average PE of 9.6x.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 4.5% per year over the last three years,
- Revenues have also declined 3.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Energy industry?
| HK Market | -1.48% | |
| Energy | -0.27% | |
| Oil and Gas | -0.25% | |
| Oil and Gas Refining and Marketing | 4.69% | |
| Oil and Gas Exploration and Production | 3.87% | |
| Oil and Gas Storage and Transportation | 1.68% | |
| Integrated Oil and Gas | -0.73% | |
| Coal and Fuels | -2.98% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 16.5x.
- Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings decline of 7.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 7.7% per year.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| 883 CNOOC | HK$27.44 | 3.9% +HK$48.5b | 54.2% | PE9.1x | |
| 1138 COSCO SHIPPING Energy Transportation | HK$19.21 | 4.7% +HK$4.7b | 217.5% | PE16.6x | |
| 467 United Energy Group | HK$0.49 | 7.6% +HK$904.7m | 11.2% | PE11.5x | |
| 9689 JTF International Holdings | HK$0.70 | 20.7% +HK$111.6m | 154.5% | PS0.5x | |
| 92 Champion Technology Holdings | HK$0.20 | 7.0% +HK$14.3m | -1.5% | PS3.2x |
