Calculating The Intrinsic Value Of China State Construction International Holdings Limited (HKG:3311)
Nov 17
Hong Kong (HSI) Industrials Sector Analysis
UpdatedNov 26, 2022
DataAggregated Company Financials
Companies473
- 7D-0.2%
- 3M-12.0%
- 1Y-20.3%
- YTD-25.5%
Over the last 7 days, the Industrials industry has remained flat, although notably CITIC gained 4.7%. As for the longer term, the industry has declined 20% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.
Sector Valuation and Performance
Has the Hong Kong Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | HK$3.4t | HK$7.1t | HK$459.7b | 8.8x | 7.5x | 0.5x |
| Tue, 25 Oct 2022 | HK$3.2t | HK$7.0t | HK$468.9b | 9x | 6.9x | 0.5x |
| Thu, 22 Sep 2022 | HK$3.6t | HK$7.1t | HK$475.6b | 9.4x | 7.6x | 0.5x |
| Sat, 20 Aug 2022 | HK$3.8t | HK$7.1t | HK$452.4b | 9.3x | 8.5x | 0.5x |
| Mon, 18 Jul 2022 | HK$3.9t | HK$7.1t | HK$448.5b | 9.7x | 8.6x | 0.5x |
| Wed, 15 Jun 2022 | HK$3.9t | HK$7.1t | HK$448.5b | 9.2x | 8.8x | 0.6x |
| Fri, 13 May 2022 | HK$3.9t | HK$7.2t | HK$440.6b | 8.6x | 8.8x | 0.5x |
| Sun, 10 Apr 2022 | HK$4.2t | HK$7.3t | HK$444.8b | 8.8x | 9.5x | 0.6x |
| Tue, 08 Mar 2022 | HK$4.4t | HK$7.1t | HK$407.8b | 8.2x | 10.8x | 0.6x |
| Thu, 03 Feb 2022 | HK$4.4t | HK$7.0t | HK$400.7b | 8.6x | 10.9x | 0.6x |
| Sat, 01 Jan 2022 | HK$4.5t | HK$7.0t | HK$402.4b | 8.6x | 11.3x | 0.6x |
| Mon, 29 Nov 2021 | HK$4.3t | HK$7.0t | HK$401.7b | 8.9x | 10.7x | 0.6x |
| Wed, 27 Oct 2021 | HK$4.4t | HK$6.8t | HK$374.2b | 9.3x | 11.8x | 0.6x |
| Fri, 24 Sep 2021 | HK$4.7t | HK$6.8t | HK$369.4b | 9.4x | 12.7x | 0.7x |
| Sun, 22 Aug 2021 | HK$4.4t | HK$6.8t | HK$366.5b | 9.2x | 12x | 0.6x |
| Fri, 09 Jul 2021 | HK$4.5t | HK$6.8t | HK$366.5b | 9.4x | 12.4x | 0.7x |
| Thu, 01 Apr 2021 | HK$4.0t | HK$6.2t | HK$309.1b | 10.3x | 12.9x | 0.6x |
| Sun, 03 Jan 2021 | HK$3.5t | HK$5.8t | HK$235.4b | 10.3x | 14.9x | 0.6x |
| Wed, 07 Oct 2020 | HK$3.1t | HK$5.5t | HK$228.9b | 10.1x | 13.4x | 0.6x |
| Tue, 30 Jun 2020 | HK$2.9t | HK$5.2t | HK$222.4b | 10.5x | 12.9x | 0.6x |
| Fri, 03 Apr 2020 | HK$2.8t | HK$5.2t | HK$267.8b | 10.7x | 10.5x | 0.5x |
| Mon, 06 Jan 2020 | HK$3.5t | HK$5.4t | HK$327.4b | 11.5x | 10.7x | 0.6x |
Price to Earnings Ratio
10.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.5x which is lower than its 3-year average PE of 11.5x.
- The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 10% 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 Industrials sector?
| HK Market | -0.23% | |
| Industrials | -0.18% | |
| Construction | 6.81% | |
| Electrical | 2.26% | |
| Industrials | 1.66% | |
| Infrastructure | 1.55% | |
| Professional Services | 1.08% | |
| Commercial Services | 0.46% | |
| Transportation | -0.27% | |
| Machinery | -0.52% | |
| Building | -0.55% | |
| Trade Distributors | -0.70% | |
| Aerospace & Defense | -1.56% | |
| Airlines | -4.32% | |
| Logistics | -6.61% | |
| Marine and Shipping | -7.24% | |
Industry PE
- Investors are most optimistic about the Professional Services industry which is trading above its 3-year average PE ratio of 112x.
- Analysts are expecting annual earnings growth of 61.7%, which is higher than its past year's earnings decline of 28.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 97% over the next 5 years.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 57% per year 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 | |
|---|---|---|---|---|---|
| 267 CITIC | HK$7.85 | 4.7% +HK$10.2b | 9.6% | PE3x | |
| 316 Orient Overseas (International) | HK$134.60 | 9.3% +HK$7.6b | -1.5% | PE1.1x | |
| 1618 Metallurgical Corporation of China | HK$1.70 | 19.7% +HK$5.8b | -15.8% | PE4.1x | |
| 1800 China Communications Construction | HK$3.72 | 10.4% +HK$5.7b | -9.7% | PE3.4x | |
| 2338 Weichai Power | HK$9.71 | 5.5% +HK$4.4b | -29.5% | PE17.1x |