Sino Oil and Gas Holdings (HKG:702) Might Have The Makings Of A Multi-Bagger
Nov 28
Hong Kong (HSI) Oil and Gas Industry Analysis
UpdatedDec 09, 2023
DataAggregated Company Financials
Companies44
- 7D-3.3%
- 3M-10.5%
- 1Y18.2%
- YTD15.8%
Over the last 7 days, the Oil and Gas industry has dropped 4.1%, driven by a pullback from PetroChina of 4.9%. In the past year, the industry has gained 19%. As for the next few years, earnings are forecast to decline by 1.7% per annum.
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, 09 Dec 2023 | HK$3.6t | HK$8.4t | HK$500.0b | 6x | 7.3x | 0.4x |
| Mon, 06 Nov 2023 | HK$3.7t | HK$8.2t | HK$492.8b | 6.5x | 7.6x | 0.5x |
| Wed, 04 Oct 2023 | HK$4.0t | HK$8.2t | HK$494.9b | 6.5x | 8x | 0.5x |
| Fri, 01 Sep 2023 | HK$3.8t | HK$8.3t | HK$495.1b | 6.3x | 7.7x | 0.5x |
| Sun, 30 Jul 2023 | HK$3.9t | HK$8.6t | HK$533.5b | 6.3x | 7.3x | 0.5x |
| Tue, 27 Jun 2023 | HK$3.7t | HK$8.5t | HK$529.2b | 5.9x | 7x | 0.4x |
| Thu, 25 May 2023 | HK$3.9t | HK$8.7t | HK$542.6b | 6.5x | 7.2x | 0.4x |
| Sat, 22 Apr 2023 | HK$3.9t | HK$9.0t | HK$556.2b | 6.1x | 7.1x | 0.4x |
| Mon, 20 Mar 2023 | HK$3.5t | HK$8.7t | HK$526.3b | 5.5x | 6.7x | 0.4x |
| Wed, 15 Feb 2023 | HK$3.2t | HK$8.8t | HK$532.9b | 5.5x | 6.1x | 0.4x |
| Fri, 13 Jan 2023 | HK$3.2t | HK$8.9t | HK$535.3b | 5.8x | 5.9x | 0.4x |
| Sun, 11 Dec 2022 | HK$3.1t | HK$8.6t | HK$517.8b | 5.5x | 6x | 0.4x |
| Tue, 08 Nov 2022 | HK$3.1t | HK$8.4t | HK$506.0b | 5.5x | 6.1x | 0.4x |
| Thu, 06 Oct 2022 | HK$3.2t | HK$8.1t | HK$470.3b | 5.1x | 6.8x | 0.4x |
| Sat, 03 Sep 2022 | HK$3.3t | HK$8.4t | HK$484.2b | 6.1x | 6.9x | 0.4x |
| Mon, 01 Aug 2022 | HK$3.2t | HK$8.1t | HK$426.8b | 5.7x | 7.4x | 0.4x |
| Wed, 29 Jun 2022 | HK$3.4t | HK$8.1t | HK$429.7b | 6x | 7.8x | 0.4x |
| Fri, 27 May 2022 | HK$3.4t | HK$8.2t | HK$432.3b | 6.2x | 8x | 0.4x |
| Sun, 24 Apr 2022 | HK$3.4t | HK$7.7t | HK$381.1b | 7.1x | 8.8x | 0.4x |
| Tue, 22 Mar 2022 | HK$3.1t | HK$7.3t | HK$335.4b | 7.5x | 9.4x | 0.4x |
| Thu, 17 Feb 2022 | HK$3.2t | HK$7.3t | HK$337.2b | 7.7x | 9.6x | 0.4x |
| Sat, 15 Jan 2022 | HK$3.0t | HK$7.2t | HK$335.5b | 6.9x | 9x | 0.4x |
| Mon, 13 Dec 2021 | HK$2.8t | HK$7.2t | HK$335.5b | 6.3x | 8.5x | 0.4x |
| Wed, 10 Nov 2021 | HK$2.8t | HK$7.2t | HK$333.4b | 7.6x | 8.4x | 0.4x |
| Fri, 08 Oct 2021 | HK$3.2t | HK$6.6t | HK$373.6b | 9.6x | 8.6x | 0.5x |
| Sun, 05 Sep 2021 | HK$2.8t | HK$6.6t | HK$372.7b | 9x | 7.6x | 0.4x |
| Tue, 03 Aug 2021 | HK$2.6t | HK$6.6t | HK$372.7b | 8.2x | 6.9x | 0.4x |
| Fri, 07 May 2021 | HK$2.6t | HK$5.9t | HK$272.0b | 8.8x | 9.5x | 0.4x |
| Mon, 08 Feb 2021 | HK$2.4t | HK$5.8t | HK$153.3b | 10.9x | 15.3x | 0.4x |
Price to Earnings Ratio
15.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong Oil and Gas 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 7.2x which is lower than its 3-year average PE of 8.4x.
- The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 48% per year over the last three years.
- Revenues for these companies have grown 13% 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 | -2.61% | |
| Energy | -3.34% | |
| Oil and Gas | -3.34% | |
| Oil and Gas Refining and Marketing | 6.86% | |
| Oil and Gas Exploration and Production | -2.16% | |
| Coal and Fuels | -2.37% | |
| Oil and Gas Storage and Transportation | -3.10% | |
| Integrated Oil and Gas | -4.18% | |
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.
- Analysts are expecting annual earnings growth of 21.2%, which is lower than the prior year's growth of 45.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 46% per year.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings decline by 3.7% 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 | |
|---|---|---|---|---|---|
| 1277 Kinetic Development Group | HK$0.57 | 1.8% +HK$84.3m | -16.2% | PE2.4x | |
| 956 China Suntien Green Energy | HK$2.57 | 0.8% +HK$83.7m | -19.7% | PE4.8x | |
| 852 Strong Petrochemical Holdings | HK$0.14 | 25.5% +HK$59.5m | -22.5% | PS0.3x | |
| 9689 JTF International Holdings | HK$0.45 | 12.5% +HK$46.5m | -19.6% | PE18.5x | |
| 8270 China CBM Group | HK$0.80 | 12.7% +HK$37.1m | -44.1% | PE18.2x |
