Sentiment Still Eluding MIE Holdings Corporation (HKG:1555)
Apr 21
Hong Kong (HSI) Oil and Gas Exploration and Production Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies9
- 7D3.3%
- 3M28.4%
- 1Y47.7%
- YTDn/a
In the last week, Oil and Gas Exploration and Production has been flat. As for the the longer term, the industry is up 44% over the past 12 months. Looking forward, earnings are expected to remain mostly flat in the next few years.
Industry Valuation and Performance
Has the Hong Kong Oil and Gas Exploration and Production Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | HK$957.6b | HK$465.3b | HK$132.2b | 8.9x | 7.2x | 2.1x |
| Sun, 24 Mar 2024 | HK$897.2b | HK$463.7b | HK$136.2b | 9.2x | 6.6x | 1.9x |
| Tue, 20 Feb 2024 | HK$766.9b | HK$467.0b | HK$141.2b | 8.7x | 5.4x | 1.6x |
| Thu, 18 Jan 2024 | HK$688.7b | HK$470.6b | HK$142.7b | 7.1x | 4.8x | 1.5x |
| Sat, 16 Dec 2023 | HK$641.9b | HK$475.2b | HK$144.1b | 6.7x | 4.5x | 1.4x |
| Mon, 13 Nov 2023 | HK$669.8b | HK$463.9b | HK$140.9b | 5.4x | 4.8x | 1.4x |
| Wed, 11 Oct 2023 | HK$711.5b | HK$457.5b | HK$146.0b | 5.5x | 4.9x | 1.6x |
| Fri, 08 Sep 2023 | HK$706.0b | HK$456.8b | HK$145.8b | 5.5x | 4.8x | 1.5x |
| Sun, 06 Aug 2023 | HK$646.3b | HK$483.9b | HK$155.0b | 5x | 4.2x | 1.3x |
| Tue, 04 Jul 2023 | HK$604.5b | HK$480.3b | HK$153.8b | 4.5x | 3.9x | 1.3x |
| Thu, 01 Jun 2023 | HK$625.6b | HK$489.8b | HK$156.9b | 4.2x | 4x | 1.3x |
| Sat, 29 Apr 2023 | HK$655.6b | HK$503.6b | HK$161.8b | 3.9x | 4.1x | 1.3x |
| Mon, 27 Mar 2023 | HK$575.3b | HK$453.2b | HK$147.7b | 5.4x | 3.9x | 1.3x |
| Wed, 22 Feb 2023 | HK$590.0b | HK$453.1b | HK$147.4b | 4.7x | 4x | 1.3x |
| Fri, 20 Jan 2023 | HK$551.3b | HK$458.4b | HK$149.1b | 5.1x | 3.7x | 1.2x |
| Sun, 18 Dec 2022 | HK$512.3b | HK$443.8b | HK$144.3b | 5x | 3.6x | 1.2x |
| Tue, 15 Nov 2022 | HK$529.1b | HK$438.3b | HK$142.9b | 7x | 3.7x | 1.2x |
| Thu, 13 Oct 2022 | HK$497.2b | HK$385.9b | HK$123.0b | 4.5x | 4x | 1.3x |
| Sat, 10 Sep 2022 | HK$509.5b | HK$397.0b | HK$126.6b | 4.3x | 4x | 1.3x |
| Mon, 08 Aug 2022 | HK$491.2b | HK$343.3b | HK$106.3b | 10x | 4.6x | 1.4x |
| Wed, 06 Jul 2022 | HK$538.3b | HK$346.2b | HK$107.2b | 8.8x | 5x | 1.6x |
| Fri, 03 Jun 2022 | HK$631.0b | HK$349.0b | HK$107.4b | 9x | 5.9x | 1.8x |
| Sun, 01 May 2022 | HK$573.0b | HK$352.2b | HK$108.4b | 9.7x | 5.3x | 1.6x |
| Tue, 29 Mar 2022 | HK$515.5b | HK$247.6b | HK$60.0b | 12.1x | 8.6x | 2.1x |
| Thu, 24 Feb 2022 | HK$495.5b | HK$248.8b | HK$60.5b | 8.8x | 8.2x | 2x |
| Sat, 22 Jan 2022 | HK$459.2b | HK$247.2b | HK$60.1b | 7x | 7.6x | 1.9x |
| Mon, 20 Dec 2021 | HK$381.9b | HK$246.2b | HK$59.9b | 6.3x | 6.4x | 1.6x |
| Wed, 17 Nov 2021 | HK$398.7b | HK$246.0b | HK$60.0b | 7x | 6.6x | 1.6x |
| Fri, 15 Oct 2021 | HK$432.2b | HK$243.8b | HK$59.2b | 17x | 7.3x | 1.8x |
| Sun, 12 Sep 2021 | HK$407.4b | HK$242.3b | HK$58.9b | 15.1x | 6.9x | 1.7x |
| Tue, 10 Aug 2021 | HK$405.6b | HK$242.3b | HK$58.9b | 13.1x | 6.9x | 1.7x |
| Mon, 03 May 2021 | HK$424.0b | HK$217.2b | HK$44.4b | 15.5x | 9.6x | 2x |
Price to Earnings Ratio
9.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 7.1x which is higher than its 3-year average PE of 5.6x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Exploration and Production industry have grown 44% per year over the last three years.
- Revenues for these companies have grown 29% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Oil and Gas Exploration and Production compare with similar industries?
| HK Market | 3.52% | |
| Energy | 0.82% | |
| Oil and Gas | 0.85% | |
| Oil and Gas Exploration and Production | 3.31% | |
| Oil and Gas Storage and Transportation | 2.42% | |
| Integrated Oil and Gas | 1.55% | |
| Oil and Gas Refining and Marketing | -1.42% | |
| Coal and Fuels | -2.86% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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$19.00 | 3.3% +HK$28.5b | 53.0% | PE6.8x | |
| 467 United Energy Group | HK$0.57 | 7.5% +HK$1.0b | -52.1% | PS1.1x | |
| 1101 China Huarong Energy | HK$0.027 | 3.8% +HK$4.8m | -46.0% | PS1.4x | |
| 2012 Sunshine Oilsands | HK$0.34 | 3.0% +HK$2.4m | -58.5% | PS0.5x |
