Analysis Article • Aug 25
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- 7D2.1%
- 3M-2.4%
- 1Y30.4%
- YTD16.3%
The Oil and Gas industry is up 2.1% in the last week, with China Petroleum & Chemical up 8.2%. This means that the industry has gained 30% over the past year. As for the next few years, earnings are expected to grow by 3.2% 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, 29 Aug 2026 | HK$6.1t | HK$7.9t | HK$491.8b | 12.2x | 12.5x | 0.8x |
| Mon, 27 Jul 2026 | HK$5.8t | HK$7.8t | HK$472.4b | 11x | 12.3x | 0.7x |
| Wed, 24 Jun 2026 | HK$5.2t | HK$7.7t | HK$472.0b | 12.3x | 11.1x | 0.7x |
| Fri, 22 May 2026 | HK$6.1t | HK$7.7t | HK$470.4b | 13x | 13x | 0.8x |
| Sun, 19 Apr 2026 | HK$6.2t | HK$7.7t | HK$459.9b | 14.8x | 13.5x | 0.8x |
| Tue, 17 Mar 2026 | HK$6.5t | HK$7.7t | HK$464.2b | 14.4x | 14.1x | 0.8x |
| Thu, 12 Feb 2026 | HK$5.8t | HK$7.7t | HK$462.6b | 11.1x | 12.5x | 0.8x |
| Sat, 10 Jan 2026 | HK$5.2t | HK$7.6t | HK$456.6b | 9.3x | 11.4x | 0.7x |
| Mon, 08 Dec 2025 | HK$5.2t | HK$7.5t | HK$450.3b | 9.7x | 11.4x | 0.7x |
| Wed, 05 Nov 2025 | HK$5.0t | HK$7.4t | HK$447.1b | 9.6x | 11.2x | 0.7x |
| Fri, 03 Oct 2025 | HK$4.4t | HK$7.5t | HK$457.4b | 9.3x | 9.7x | 0.6x |
| Sun, 31 Aug 2025 | HK$4.6t | HK$7.5t | HK$462.3b | 8.6x | 9.9x | 0.6x |
| Tue, 29 Jul 2025 | HK$4.6t | HK$7.7t | HK$488.3b | 8.2x | 9.3x | 0.6x |
| Thu, 26 Jun 2025 | HK$4.5t | HK$7.7t | HK$487.8b | 8.1x | 9.2x | 0.6x |
| Sat, 24 May 2025 | HK$4.4t | HK$7.7t | HK$486.0b | 7.4x | 9x | 0.6x |
| Mon, 21 Apr 2025 | HK$4.2t | HK$7.7t | HK$486.8b | 6.1x | 8.6x | 0.5x |
| Wed, 19 Mar 2025 | HK$4.3t | HK$7.8t | HK$483.9b | 7.9x | 8.8x | 0.5x |
| Fri, 14 Feb 2025 | HK$4.4t | HK$7.8t | HK$480.7b | 8.6x | 9.1x | 0.6x |
| Sun, 12 Jan 2025 | HK$4.5t | HK$7.8t | HK$478.0b | 9.2x | 9.4x | 0.6x |
| Tue, 10 Dec 2024 | HK$4.6t | HK$7.8t | HK$481.6b | 9.2x | 9.5x | 0.6x |
| Thu, 07 Nov 2024 | HK$4.5t | HK$7.9t | HK$487.7b | 9.9x | 9.3x | 0.6x |
| Sat, 05 Oct 2024 | HK$5.1t | HK$8.3t | HK$505.5b | 9.9x | 10.1x | 0.6x |
| Mon, 02 Sep 2024 | HK$5.0t | HK$8.2t | HK$504.8b | 7.6x | 9.8x | 0.6x |
| Wed, 31 Jul 2024 | HK$4.7t | HK$8.1t | HK$483.9b | 6.5x | 9.7x | 0.6x |
| Fri, 28 Jun 2024 | HK$5.0t | HK$8.1t | HK$483.6b | 6.8x | 10.4x | 0.6x |
| Sun, 26 May 2024 | HK$5.0t | HK$8.1t | HK$485.8b | 6.7x | 10.4x | 0.6x |
| Tue, 23 Apr 2024 | HK$5.2t | HK$8.0t | HK$487.3b | 6.4x | 10.6x | 0.6x |
| Thu, 21 Mar 2024 | HK$4.7t | HK$8.3t | HK$499.3b | 6.2x | 9.3x | 0.6x |
| Sat, 17 Feb 2024 | HK$4.3t | HK$8.4t | HK$504.7b | 6.1x | 8.5x | 0.5x |
| Mon, 15 Jan 2024 | HK$3.9t | HK$8.4t | HK$500.2b | 6.3x | 7.7x | 0.5x |
| Wed, 13 Dec 2023 | HK$3.6t | HK$8.3t | HK$498.9b | 6.2x | 7.3x | 0.4x |
| Fri, 10 Nov 2023 | HK$3.6t | HK$8.2t | HK$493.2b | 6.5x | 7.4x | 0.4x |
| Sun, 08 Oct 2023 | HK$3.9t | HK$8.2t | HK$494.8b | 6.5x | 7.9x | 0.5x |
| Tue, 05 Sep 2023 | HK$4.0t | HK$8.3t | HK$496.9b | 6.5x | 8x | 0.5x |
Price to Earnings Ratio
8x
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 12.3x which is higher than its 3-year average PE of 10.0x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- Both revenue and earnings for companies in the Oil and Gas industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Energy industry?
| HK Market | -0.095% | |
| Energy | 2.04% | |
| Oil and Gas | 2.11% | |
| Coal and Fuels | 3.02% | |
| Integrated Oil and Gas | 2.30% | |
| Oil and Gas Exploration and Production | 1.02% | |
| Oil and Gas Refining and Marketing | -0.28% | |
| Oil and Gas Storage and Transportation | -1.81% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry, which is trading close to its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings growth of 15.7% 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 growth rate of 16% 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 | |
|---|---|---|---|---|---|
| 386 China Petroleum & Chemical | HK$4.77 | 8.2% +HK$43.5b | 10.6% | PE14x | |
| 1088 China Shenhua Energy | HK$45.82 | 1.8% +HK$17.4b | 31.4% | PE16.2x | |
| 883 CNOOC | HK$25.44 | 1.0% +HK$12.4b | 30.4% | PE7.5x | |
| 857 PetroChina | HK$10.19 | 0.6% +HK$11.0b | 35.7% | PE10.1x | |
| 1898 China Coal Energy | HK$11.98 | 7.1% +HK$10.5b | 26.6% | PE7.4x |