Estimating The Fair Value Of Canggang Railway Limited (HKG:2169)
May 10
Hong Kong (HSI) Industrials Sector Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies476
- 7D4.9%
- 3M13.2%
- 1Y-10.9%
- YTD6.9%
Over the last 7 days, the Industrials industry has risen 4.9%, driven by gains in COSCO SHIPPING Holdings and CITIC of 12% and 7.7%, respectively. During this same period, the Ubtech Robotics underperformed, falling 7.3%. However, the industry is down 11% over the past year. Earnings are forecast to grow by 17% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 11 May 2024 | HK$3.7t | HK$7.4t | HK$331.3b | 8.4x | 11.2x | 0.5x |
| Mon, 08 Apr 2024 | HK$3.5t | HK$7.4t | HK$330.6b | 7.9x | 10.5x | 0.5x |
| Wed, 06 Mar 2024 | HK$3.3t | HK$7.3t | HK$352.0b | 7.9x | 9.5x | 0.5x |
| Fri, 02 Feb 2024 | HK$3.2t | HK$7.4t | HK$353.1b | 7.6x | 9.2x | 0.4x |
| Sun, 31 Dec 2023 | HK$3.4t | HK$7.4t | HK$354.9b | 8.2x | 9.5x | 0.5x |
| Tue, 28 Nov 2023 | HK$3.3t | HK$7.4t | HK$352.9b | 8.2x | 9.2x | 0.4x |
| Thu, 26 Oct 2023 | HK$3.1t | HK$7.2t | HK$350.6b | 7.9x | 9x | 0.4x |
| Sat, 23 Sep 2023 | HK$3.3t | HK$7.2t | HK$351.1b | 8.2x | 9.5x | 0.5x |
| Mon, 21 Aug 2023 | HK$3.4t | HK$7.1t | HK$370.3b | 8.8x | 9.2x | 0.5x |
| Wed, 19 Jul 2023 | HK$3.6t | HK$7.2t | HK$414.6b | 8.9x | 8.7x | 0.5x |
| Fri, 16 Jun 2023 | HK$3.6t | HK$7.2t | HK$413.9b | 9.4x | 8.8x | 0.5x |
| Sun, 14 May 2023 | HK$3.8t | HK$7.4t | HK$419.0b | 9.4x | 9x | 0.5x |
| Tue, 11 Apr 2023 | HK$3.8t | HK$7.4t | HK$437.5b | 9.8x | 8.7x | 0.5x |
| Thu, 09 Mar 2023 | HK$3.8t | HK$7.3t | HK$465.6b | 8.8x | 8.1x | 0.5x |
| Sat, 04 Feb 2023 | HK$3.9t | HK$7.4t | HK$474.7b | 9x | 8.2x | 0.5x |
| Mon, 02 Jan 2023 | HK$3.6t | HK$7.2t | HK$465.4b | 8.8x | 7.7x | 0.5x |
| Wed, 30 Nov 2022 | HK$3.5t | HK$7.0t | HK$457.7b | 8.9x | 7.6x | 0.5x |
| Fri, 28 Oct 2022 | HK$3.2t | HK$7.0t | HK$471.4b | 8.7x | 6.8x | 0.5x |
| Sun, 25 Sep 2022 | HK$3.5t | HK$7.0t | HK$472.7b | 9.3x | 7.4x | 0.5x |
| Tue, 23 Aug 2022 | HK$3.8t | HK$7.1t | HK$473.7b | 9.6x | 8.1x | 0.5x |
| Thu, 21 Jul 2022 | HK$4.0t | HK$7.1t | HK$448.9b | 9.8x | 8.8x | 0.6x |
| Sat, 18 Jun 2022 | HK$3.9t | HK$7.2t | HK$449.9b | 9.3x | 8.6x | 0.5x |
| Mon, 16 May 2022 | HK$3.9t | HK$7.1t | HK$438.8b | 8.3x | 8.8x | 0.5x |
| Wed, 13 Apr 2022 | HK$4.1t | HK$7.3t | HK$444.6b | 9x | 9.3x | 0.6x |
| Fri, 11 Mar 2022 | HK$4.3t | HK$7.1t | HK$425.8b | 8.1x | 10.2x | 0.6x |
| Sun, 06 Feb 2022 | HK$4.4t | HK$7.0t | HK$400.7b | 8.7x | 11.1x | 0.6x |
| Tue, 04 Jan 2022 | HK$4.6t | HK$7.0t | HK$401.9b | 8.7x | 11.4x | 0.7x |
| Thu, 02 Dec 2021 | HK$4.3t | HK$7.0t | HK$402.5b | 8.9x | 10.7x | 0.6x |
| Sat, 30 Oct 2021 | HK$4.4t | HK$6.8t | HK$373.8b | 9x | 11.7x | 0.6x |
| Mon, 27 Sep 2021 | HK$4.6t | HK$6.8t | HK$369.9b | 9.2x | 12.5x | 0.7x |
| Wed, 25 Aug 2021 | HK$4.6t | HK$6.8t | HK$366.5b | 9.8x | 12.6x | 0.7x |
| Thu, 01 Jul 2021 | HK$4.5t | HK$6.8t | HK$366.5b | 9.4x | 12.4x | 0.7x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are optimistic on the Hong Kong Industrials 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 9.6x.
- The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 4.0% per year over the last three years.
- Revenues for these companies have grown 5.7% 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 Industrials sector?
| HK Market | 2.53% | |
| Industrials | 4.90% | |
| Aerospace & Defense | 12.23% | |
| Marine and Shipping | 11.18% | |
| Building | 8.22% | |
| Logistics | 8.11% | |
| Electrical | 6.69% | |
| Machinery | 5.89% | |
| Commercial Services | 5.14% | |
| Transportation | 4.39% | |
| Infrastructure | 4.26% | |
| Construction | 4.24% | |
| Trade Distributors | 2.37% | |
| Industrials | 1.34% | |
| Professional Services | 0.47% | |
| Airlines | -0.34% | |
Industry PE
- Investors are most optimistic about the Professional Services industry even though it's trading below its 3-year average PE ratio of 570x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 62% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Commercial Services industry is expected to see its earnings decline by 13% 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 | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$11.70 | 11.9% +HK$19.8b | 20.7% | PE7.3x | |
| 267 CITIC | HK$8.22 | 7.7% +HK$17.2b | -17.8% | PE3.8x | |
| 669 Techtronic Industries | HK$112.00 | 6.0% +HK$11.6b | 42.2% | PE26.9x | |
| 316 Orient Overseas (International) | HK$129.50 | 13.1% +HK$9.9b | -17.9% | PE8x | |
| 1519 J&T Global Express | HK$7.92 | 15.5% +HK$9.3b | n/a | PS1x |
