A Piece Of The Puzzle Missing From United Energy Group Limited's (HKG:467) 27% Share Price Climb
Aug 20
Hong Kong (HSI) Oil and Gas Industry Analysis
UpdatedAug 25, 2024
DataAggregated Company Financials
Companies36
- 7D-0.7%
- 3M-8.5%
- 1Y31.5%
- YTD28.6%
Over the last 7 days, the Oil and Gas industry has remained flat, although notably China Petroleum & Chemical gained 3.0%. As for the the longer term, the industry is up 31% over the past 12 months. Earnings are forecast to be flat in the coming 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 |
|---|---|---|---|---|---|---|
| Sun, 25 Aug 2024 | HK$4.9t | HK$8.2t | HK$491.1b | 6.6x | 9.9x | 0.6x |
| Tue, 23 Jul 2024 | HK$4.9t | HK$8.1t | HK$482.2b | 6.6x | 10.2x | 0.6x |
| Thu, 20 Jun 2024 | HK$5.2t | HK$8.1t | HK$484.5b | 7.1x | 10.6x | 0.6x |
| Sat, 18 May 2024 | HK$5.0t | HK$8.1t | HK$486.2b | 7.1x | 10.2x | 0.6x |
| Mon, 15 Apr 2024 | HK$5.0t | HK$8.1t | HK$487.6b | 6.4x | 10.2x | 0.6x |
| Wed, 13 Mar 2024 | HK$4.5t | HK$8.3t | HK$501.4b | 6.5x | 9x | 0.5x |
| Fri, 09 Feb 2024 | HK$4.3t | HK$8.4t | HK$505.0b | 6.2x | 8.4x | 0.5x |
| Sun, 07 Jan 2024 | HK$3.9t | HK$8.4t | HK$501.4b | 6.4x | 7.9x | 0.5x |
| Tue, 05 Dec 2023 | HK$3.8t | HK$8.4t | HK$501.9b | 6.1x | 7.5x | 0.4x |
| Thu, 02 Nov 2023 | HK$3.7t | HK$8.2t | HK$494.5b | 6.5x | 7.4x | 0.4x |
| Sat, 30 Sep 2023 | HK$4.0t | HK$8.2t | HK$494.9b | 6.6x | 8x | 0.5x |
| Mon, 28 Aug 2023 | HK$3.8t | HK$8.4t | HK$502.8b | 6.3x | 7.5x | 0.4x |
| Wed, 26 Jul 2023 | HK$3.9t | HK$8.6t | HK$535.1b | 6.4x | 7.3x | 0.5x |
| Fri, 23 Jun 2023 | HK$3.8t | HK$8.6t | HK$532.9b | 6x | 7x | 0.4x |
| Sun, 21 May 2023 | HK$4.0t | HK$8.8t | HK$544.5b | 6.5x | 7.4x | 0.5x |
| Tue, 18 Apr 2023 | HK$4.0t | HK$9.0t | HK$557.8b | 6.1x | 7.2x | 0.4x |
| Thu, 16 Mar 2023 | HK$3.5t | HK$8.8t | HK$527.6b | 5.1x | 6.6x | 0.4x |
| Sat, 11 Feb 2023 | HK$3.2t | HK$8.8t | HK$533.2b | 5.6x | 6.1x | 0.4x |
| Mon, 09 Jan 2023 | HK$3.1t | HK$8.7t | HK$528.1b | 5.4x | 5.8x | 0.4x |
| Wed, 07 Dec 2022 | HK$3.2t | HK$8.6t | HK$516.3b | 5.7x | 6.2x | 0.4x |
| Fri, 04 Nov 2022 | HK$3.0t | HK$8.3t | HK$495.8b | 5.4x | 6x | 0.4x |
| Sun, 02 Oct 2022 | HK$3.2t | HK$8.1t | HK$469.8b | 4.9x | 6.7x | 0.4x |
| Tue, 30 Aug 2022 | HK$3.4t | HK$8.4t | HK$474.2b | 6.5x | 7.2x | 0.4x |
| Thu, 28 Jul 2022 | HK$3.2t | HK$8.0t | HK$425.5b | 5.8x | 7.5x | 0.4x |
| Sat, 25 Jun 2022 | HK$3.2t | HK$8.1t | HK$429.4b | 6.3x | 7.6x | 0.4x |
| Mon, 23 May 2022 | HK$3.4t | HK$8.1t | HK$429.7b | 6.2x | 7.8x | 0.4x |
| Wed, 20 Apr 2022 | HK$3.6t | HK$7.9t | HK$389.0b | 7.1x | 9.1x | 0.5x |
| Fri, 18 Mar 2022 | HK$3.1t | HK$7.3t | HK$335.8b | 7.3x | 9.1x | 0.4x |
| Sun, 13 Feb 2022 | HK$3.3t | HK$7.2t | HK$336.1b | 8.1x | 9.9x | 0.5x |
| Tue, 11 Jan 2022 | HK$3.0t | HK$7.2t | HK$335.0b | 6.7x | 8.9x | 0.4x |
| Thu, 09 Dec 2021 | HK$2.9t | HK$7.2t | HK$335.4b | 6.3x | 8.5x | 0.4x |
| Sat, 06 Nov 2021 | HK$2.8t | HK$7.2t | HK$333.4b | 7.7x | 8.3x | 0.4x |
| Mon, 04 Oct 2021 | HK$3.2t | HK$6.6t | HK$373.5b | 9.7x | 8.6x | 0.5x |
| Wed, 01 Sep 2021 | HK$2.8t | HK$6.6t | HK$372.7b | 8.8x | 7.5x | 0.4x |
Price to Earnings Ratio
7.5x
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 9.9x which is higher than its 3-year average PE of 8.0x.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 9.6% per year over the last three years.
- Revenues for these companies have grown 7.7% 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 | 0.28% | |
| Energy | -0.69% | |
| Oil and Gas | -0.68% | |
| Integrated Oil and Gas | -0.22% | |
| Oil and Gas Exploration and Production | -0.68% | |
| Oil and Gas Refining and Marketing | -0.83% | |
| Coal and Fuels | -1.50% | |
| Oil and Gas Storage and Transportation | -2.92% | |
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 18.7%, which is lower than the prior year's growth of 44.4% 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 5.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 44% 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 | |
|---|---|---|---|---|---|
| 386 China Petroleum & Chemical | HK$5.10 | 3.0% +HK$18.3b | 16.7% | PE10.1x | |
| 467 United Energy Group | HK$0.42 | 3.7% +HK$389.2m | -57.9% | PS0.8x | |
| 956 China Suntien Green Energy | HK$3.20 | 1.3% +HK$168.2m | 12.7% | PE5.7x | |
| 979 Green Energy Group | HK$0.19 | 6.3% +HK$14.9m | -2.1% | PS3.4x | |
| 332 Yuan Heng Gas Holdings | HK$0.026 | 8.3% +HK$13.1m | -62.3% | PS0.2x |
