AviChina Industry & Technology (HKG:2357) Might Be Having Difficulty Using Its Capital Effectively
Dec 09
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Hong Kong (HSI) Aerospace and Defense Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies4
- 7D-2.6%
- 3M14.8%
- 1Y13.2%
- YTDn/a
Over the last 7 days, the Aerospace and Defense industry has dropped 2.6%, driven by a pullback from AviChina Industry & Technology of 5.9%. Over the past 12 months, the industry was up 14%. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Hong Kong Aerospace and Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | HK$38.6b | HK$93.0b | HK$3.1b | 11.4x | 12.3x | 0.4x |
| Tue, 19 Nov 2024 | HK$41.5b | HK$93.9b | HK$3.2b | 13.2x | 13.1x | 0.4x |
| Thu, 17 Oct 2024 | HK$39.0b | HK$95.1b | HK$3.2b | 12.5x | 12.2x | 0.4x |
| Sat, 14 Sep 2024 | HK$33.1b | HK$95.6b | HK$3.2b | 10.3x | 10.3x | 0.3x |
| Mon, 12 Aug 2024 | HK$40.1b | HK$102.5b | HK$3.5b | 11x | 11.4x | 0.4x |
| Wed, 10 Jul 2024 | HK$30.3b | HK$92.9b | HK$2.8b | 9.7x | 10.9x | 0.3x |
| Fri, 07 Jun 2024 | HK$31.2b | HK$93.3b | HK$2.8b | 10.5x | 11.2x | 0.3x |
| Sun, 05 May 2024 | HK$28.7b | HK$93.4b | HK$2.8b | 9.9x | 10.3x | 0.3x |
| Tue, 02 Apr 2024 | HK$25.9b | HK$93.6b | HK$2.8b | 7.2x | 9.2x | 0.3x |
| Thu, 29 Feb 2024 | HK$26.3b | HK$79.0b | HK$2.8b | 9.7x | 9.4x | 0.3x |
| Sat, 27 Jan 2024 | HK$25.0b | HK$79.6b | HK$2.8b | 9.5x | 8.9x | 0.3x |
| Mon, 25 Dec 2023 | HK$27.6b | HK$79.6b | HK$2.8b | 10.1x | 9.8x | 0.3x |
| Wed, 22 Nov 2023 | HK$30.3b | HK$79.3b | HK$2.8b | 9.6x | 10.8x | 0.4x |
| Fri, 20 Oct 2023 | HK$28.7b | HK$77.7b | HK$2.8b | 9.3x | 10.4x | 0.4x |
| Sun, 17 Sep 2023 | HK$31.1b | HK$78.2b | HK$2.8b | 10.4x | 11.2x | 0.4x |
| Tue, 15 Aug 2023 | HK$29.3b | HK$70.3b | HK$2.4b | 13.1x | 12.4x | 0.4x |
| Thu, 13 Jul 2023 | HK$32.6b | HK$71.0b | HK$2.4b | 14.7x | 13.6x | 0.5x |
| Sat, 10 Jun 2023 | HK$31.6b | HK$71.7b | HK$2.4b | 14.4x | 13.1x | 0.4x |
| Mon, 08 May 2023 | HK$34.8b | HK$74.0b | HK$2.5b | 15.2x | 13.9x | 0.5x |
| Wed, 05 Apr 2023 | HK$34.0b | HK$74.2b | HK$2.4b | 12.7x | 13.9x | 0.5x |
| Fri, 03 Mar 2023 | HK$31.8b | HK$67.9b | HK$2.6b | 11.3x | 12.5x | 0.5x |
| Sun, 29 Jan 2023 | HK$34.1b | HK$68.9b | HK$2.6b | 12x | 13.1x | 0.5x |
| Tue, 27 Dec 2022 | HK$27.3b | HK$67.0b | HK$2.5b | 9.9x | 10.9x | 0.4x |
| Thu, 24 Nov 2022 | HK$29.0b | HK$65.4b | HK$2.5b | 10.8x | 11.8x | 0.4x |
| Sat, 22 Oct 2022 | HK$26.8b | HK$65.0b | HK$2.4b | 10x | 11x | 0.4x |
| Mon, 19 Sep 2022 | HK$29.3b | HK$67.0b | HK$2.5b | 10.6x | 11.6x | 0.4x |
| Wed, 17 Aug 2022 | HK$32.9b | HK$71.3b | HK$2.6b | 11.4x | 12.4x | 0.5x |
| Fri, 15 Jul 2022 | HK$35.2b | HK$72.0b | HK$2.7b | 12x | 13.2x | 0.5x |
| Sun, 12 Jun 2022 | HK$35.3b | HK$72.1b | HK$2.7b | 12.1x | 13.2x | 0.5x |
| Tue, 10 May 2022 | HK$31.8b | HK$71.1b | HK$2.7b | 11.1x | 11.6x | 0.4x |
| Thu, 07 Apr 2022 | HK$34.5b | HK$74.4b | HK$2.9b | 11.5x | 12x | 0.5x |
| Sat, 05 Mar 2022 | HK$37.0b | HK$70.6b | HK$2.8b | 12.5x | 13.2x | 0.5x |
| Mon, 31 Jan 2022 | HK$35.4b | HK$69.9b | HK$2.8b | 11.9x | 12.7x | 0.5x |
| Wed, 29 Dec 2021 | HK$41.8b | HK$69.9b | HK$2.8b | 14.2x | 15x | 0.6x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Aerospace and Defense 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 11.9x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Aerospace and Defense industry have grown 4.2% 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 Comparison
How does Hong Kong Aerospace and Defense compare with similar industries?
| HK Market | -0.53% | |
| Industrials | -1.83% | |
| Aerospace & Defense | -2.56% | |
| Aerospace and Defense | -2.56% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2507 Cirrus Aircraft | HK$20.20 | 1.0% +HK$73.2m | n/a | PE9.7x |