COSCO SHIPPING Energy Transportation (HKG:1138) Is Increasing Its Dividend To CN¥0.3835
Jul 03
Hong Kong (HSI) Oil and Gas Industry Analysis
UpdatedJul 03, 2024
DataAggregated Company Financials
Companies35
- 7D1.8%
- 3M15.0%
- 1Y45.8%
- YTD46.2%
In the last week, the Oil and Gas industry is up 1.8%, with PetroChina up 8.9%. During this same period, the China Shenhua Energy underperformed, falling 6.2%. This means that the industry has gained 46% over the past year. 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 Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 04 Jul 2024 | HK$5.4t | HK$8.1t | HK$482.7b | 7.4x | 11.2x | 0.7x |
| Sat, 01 Jun 2024 | HK$5.2t | HK$8.1t | HK$486.3b | 7.2x | 10.6x | 0.6x |
| Mon, 29 Apr 2024 | HK$5.1t | HK$8.0t | HK$486.5b | 6.5x | 10.4x | 0.6x |
| Wed, 27 Mar 2024 | HK$4.6t | HK$8.1t | HK$491.0b | 5.8x | 9.5x | 0.6x |
| Fri, 23 Feb 2024 | HK$4.7t | HK$8.3t | HK$499.6b | 6.6x | 9.4x | 0.6x |
| Sun, 21 Jan 2024 | HK$3.8t | HK$8.4t | HK$502.8b | 5.8x | 7.5x | 0.5x |
| Tue, 19 Dec 2023 | HK$3.6t | HK$8.4t | HK$500.9b | 6x | 7.2x | 0.4x |
| Thu, 16 Nov 2023 | HK$3.7t | HK$8.3t | HK$494.2b | 6.7x | 7.5x | 0.4x |
| Sat, 14 Oct 2023 | HK$3.8t | HK$8.2t | HK$494.0b | 6.5x | 7.8x | 0.5x |
| Mon, 11 Sep 2023 | HK$3.9t | HK$8.2t | HK$492.3b | 6.6x | 8x | 0.5x |
| Wed, 09 Aug 2023 | HK$3.8t | HK$8.5t | HK$529.6b | 6.4x | 7.2x | 0.4x |
| Fri, 07 Jul 2023 | HK$3.8t | HK$8.5t | HK$527.9b | 6.3x | 7.2x | 0.5x |
| Sun, 04 Jun 2023 | HK$3.9t | HK$8.7t | HK$540.5b | 6.2x | 7.2x | 0.4x |
| Tue, 02 May 2023 | HK$4.1t | HK$8.9t | HK$555.2b | 6.2x | 7.4x | 0.5x |
| Thu, 30 Mar 2023 | HK$3.4t | HK$8.9t | HK$521.4b | 5.4x | 6.6x | 0.4x |
| Sat, 25 Feb 2023 | HK$3.2t | HK$8.7t | HK$522.9b | 4.9x | 6.2x | 0.4x |
| Mon, 23 Jan 2023 | HK$3.3t | HK$8.8t | HK$533.8b | 5.7x | 6.2x | 0.4x |
| Wed, 21 Dec 2022 | HK$3.0t | HK$8.6t | HK$516.8b | 5.4x | 5.9x | 0.4x |
| Fri, 18 Nov 2022 | HK$3.1t | HK$8.5t | HK$511.3b | 5.5x | 6x | 0.4x |
| Sun, 16 Oct 2022 | HK$3.1t | HK$8.0t | HK$465.2b | 5x | 6.8x | 0.4x |
| Tue, 13 Sep 2022 | HK$3.4t | HK$8.3t | HK$483.0b | 5.9x | 7.1x | 0.4x |
| Thu, 11 Aug 2022 | HK$3.1t | HK$8.0t | HK$426.2b | 5.6x | 7.4x | 0.4x |
| Sat, 09 Jul 2022 | HK$3.3t | HK$8.1t | HK$429.4b | 5.7x | 7.6x | 0.4x |
| Mon, 06 Jun 2022 | HK$3.5t | HK$8.2t | HK$431.7b | 6.3x | 8.2x | 0.4x |
| Wed, 04 May 2022 | HK$3.4t | HK$8.2t | HK$424.5b | 7.4x | 7.9x | 0.4x |
| Fri, 01 Apr 2022 | HK$3.4t | HK$7.6t | HK$377.5b | 7.9x | 9x | 0.4x |
| Sun, 27 Feb 2022 | HK$3.3t | HK$7.3t | HK$338.6b | 7.6x | 9.6x | 0.4x |
| Tue, 25 Jan 2022 | HK$3.1t | HK$7.2t | HK$336.5b | 7x | 9.2x | 0.4x |
| Thu, 23 Dec 2021 | HK$2.8t | HK$7.2t | HK$335.4b | 6.3x | 8.5x | 0.4x |
| Sat, 20 Nov 2021 | HK$2.7t | HK$7.2t | HK$334.6b | 6.6x | 8.1x | 0.4x |
| Mon, 18 Oct 2021 | HK$3.2t | HK$6.6t | HK$373.9b | 9.7x | 8.5x | 0.5x |
| Wed, 15 Sep 2021 | HK$3.2t | HK$6.6t | HK$371.8b | 11.3x | 8.7x | 0.5x |
| Fri, 13 Aug 2021 | HK$2.6t | HK$6.6t | HK$372.7b | 8.4x | 7x | 0.4x |
Price to Earnings Ratio
6.9x
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 11.2x which is higher than its 3-year average PE of 7.9x.
- The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 9.0% per year over the last three years.
- Revenues for these companies have grown 7.1% 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 | -0.59% | |
| Energy | 1.69% | |
| Oil and Gas | 1.77% | |
| Integrated Oil and Gas | 5.28% | |
| Oil and Gas Exploration and Production | 2.80% | |
| Oil and Gas Storage and Transportation | 2.68% | |
| Oil and Gas Refining and Marketing | -2.09% | |
| Coal and Fuels | -5.99% | |
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 19.7%, which is lower than the prior year's growth of 65.3% per year.
- Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.4x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 65% per year.
- In contrast, the Integrated Oil and Gas 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 | |
|---|---|---|---|---|---|
| 857 PetroChina | HK$8.41 | 8.9% +HK$126.3b | 50.4% | PE8.8x | |
| 883 CNOOC | HK$23.40 | 3.8% +HK$40.4b | 100.7% | PE7.9x | |
| 386 China Petroleum & Chemical | HK$5.26 | 5.0% +HK$30.4b | 15.6% | PE10.6x | |
| 1898 China Coal Energy | HK$9.43 | 2.3% +HK$2.8b | 60.1% | PE6.7x | |
| 1138 COSCO SHIPPING Energy Transportation | HK$10.04 | 2.3% +HK$1.1b | 20.1% | PE12.8x |
