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Hong Kong (HSI) Oil and Gas Industry Analysis
UpdatedSep 15, 2024
DataAggregated Company Financials
Companies37
- 7D-7.8%
- 3M-20.2%
- 1Y8.8%
- YTD12.0%
Over the last 7 days, the Oil and Gas industry has dropped 7.8%, driven by a pullback from PetroChina of 4.9%. Over the past 12 months, the industry was up 8.8%. 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 |
|---|---|---|---|---|---|---|
| Tue, 17 Sep 2024 | HK$4.4t | HK$8.2t | HK$504.6b | 8.1x | 8.7x | 0.5x |
| Thu, 15 Aug 2024 | HK$4.7t | HK$8.2t | HK$490.1b | 6.3x | 9.7x | 0.6x |
| Sat, 13 Jul 2024 | HK$5.2t | HK$8.1t | HK$483.6b | 7x | 10.7x | 0.6x |
| Mon, 10 Jun 2024 | HK$5.2t | HK$8.1t | HK$485.4b | 7.1x | 10.6x | 0.6x |
| Wed, 08 May 2024 | HK$5.0t | HK$8.1t | HK$488.1b | 6.6x | 10.3x | 0.6x |
| Fri, 05 Apr 2024 | HK$5.0t | HK$8.0t | HK$484.8b | 6.5x | 10.3x | 0.6x |
| Sun, 03 Mar 2024 | HK$4.5t | HK$8.3t | HK$499.8b | 6.5x | 9x | 0.5x |
| Tue, 30 Jan 2024 | HK$4.3t | HK$8.3t | HK$498.5b | 6.5x | 8.6x | 0.5x |
| Thu, 28 Dec 2023 | HK$3.8t | HK$8.4t | HK$500.7b | 6.3x | 7.5x | 0.4x |
| Sat, 25 Nov 2023 | HK$3.7t | HK$8.3t | HK$499.6b | 6.4x | 7.5x | 0.4x |
| Mon, 23 Oct 2023 | HK$3.8t | HK$8.2t | HK$493.4b | 6.5x | 7.7x | 0.5x |
| Wed, 20 Sep 2023 | HK$4.0t | HK$8.2t | HK$494.7b | 6.7x | 8.2x | 0.5x |
| Fri, 18 Aug 2023 | HK$3.7t | HK$8.4t | HK$525.8b | 6.6x | 7.1x | 0.4x |
| Sun, 16 Jul 2023 | HK$4.0t | HK$8.6t | HK$535.5b | 6.4x | 7.5x | 0.5x |
| Tue, 13 Jun 2023 | HK$3.9t | HK$8.6t | HK$535.9b | 6.5x | 7.3x | 0.5x |
| Thu, 11 May 2023 | HK$4.1t | HK$8.9t | HK$552.9b | 6.5x | 7.5x | 0.5x |
| Sat, 08 Apr 2023 | HK$3.6t | HK$9.0t | HK$557.6b | 6.2x | 6.4x | 0.4x |
| Mon, 06 Mar 2023 | HK$3.4t | HK$8.7t | HK$525.8b | 5.9x | 6.4x | 0.4x |
| Wed, 01 Feb 2023 | HK$3.3t | HK$8.9t | HK$536.6b | 5.7x | 6.1x | 0.4x |
| Fri, 30 Dec 2022 | HK$3.0t | HK$8.6t | HK$517.9b | 5.5x | 5.8x | 0.4x |
| Sun, 27 Nov 2022 | HK$3.1t | HK$8.4t | HK$503.9b | 5.9x | 6.2x | 0.4x |
| Tue, 25 Oct 2022 | HK$3.1t | HK$8.0t | HK$462.1b | 5.1x | 6.8x | 0.4x |
| Thu, 22 Sep 2022 | HK$3.3t | HK$8.2t | HK$476.7b | 5.3x | 6.9x | 0.4x |
| Sat, 20 Aug 2022 | HK$3.2t | HK$8.0t | HK$425.2b | 5.7x | 7.6x | 0.4x |
| Mon, 18 Jul 2022 | HK$3.1t | HK$8.0t | HK$426.0b | 5.6x | 7.2x | 0.4x |
| Wed, 15 Jun 2022 | HK$3.6t | HK$8.0t | HK$425.9b | 6.6x | 8.5x | 0.5x |
| Fri, 13 May 2022 | HK$3.2t | HK$8.1t | HK$416.6b | 7x | 7.7x | 0.4x |
| Sun, 10 Apr 2022 | HK$3.5t | HK$7.9t | HK$383.4b | 7.7x | 9.1x | 0.4x |
| Tue, 08 Mar 2022 | HK$3.4t | HK$7.3t | HK$338.4b | 8x | 10.1x | 0.5x |
| Thu, 03 Feb 2022 | HK$3.0t | HK$7.2t | HK$335.7b | 6.9x | 8.8x | 0.4x |
| Sat, 01 Jan 2022 | HK$2.9t | HK$7.2t | HK$335.3b | 6.4x | 8.5x | 0.4x |
| Mon, 29 Nov 2021 | HK$2.7t | HK$7.2t | HK$334.3b | 6.1x | 8.1x | 0.4x |
| Wed, 27 Oct 2021 | HK$3.1t | HK$6.7t | HK$379.6b | 9.3x | 8.2x | 0.5x |
| Fri, 24 Sep 2021 | HK$3.2t | HK$6.6t | HK$372.6b | 9.4x | 8.6x | 0.5x |
Price to Earnings Ratio
8.6x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.1x.
- 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 11% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 | -2.15% | |
| Energy | -7.72% | |
| Oil and Gas | -7.77% | |
| Oil and Gas Refining and Marketing | 1.15% | |
| Coal and Fuels | -4.81% | |
| Oil and Gas Exploration and Production | -7.06% | |
| Oil and Gas Storage and Transportation | -8.54% | |
| Integrated Oil and Gas | -9.36% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio of 0.74x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- 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 18% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Coal and Fuels 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 | |
|---|---|---|---|---|---|
| 1088 China Shenhua Energy | HK$30.40 | 1.0% +HK$6.0b | 23.3% | PE9.9x | |
| 1277 Kinetic Development Group | HK$1.21 | 10.0% +HK$927.3m | 144.4% | PE3.6x | |
| 1164 CGN Mining | HK$1.38 | 2.2% +HK$228.0m | 22.1% | PE24.4x | |
| 934 Sinopec Kantons Holdings | HK$4.18 | 0.7% +HK$74.6m | 31.0% | PE8.4x | |
| 9689 JTF International Holdings | HK$0.48 | 20.0% +HK$74.4m | -30.4% | PE65.1x |
