Investors Met With Slowing Returns on Capital At Xinyi Glass Holdings (HKG:868)
May 25
Hong Kong (HSI) Building Industry Analysis
UpdatedMay 28, 2023
DataAggregated Company Financials
Companies11
- 7D-4.3%
- 3M-24.4%
- 1Y-38.7%
- YTD-22.0%
Over the last 7 days, the Building industry has dropped 4.3%, driven by a pullback from Xinyi Glass Holdings of 6.3%. The industry has fallen 39% in the last year. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Hong Kong Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 28 May 2023 | HK$82.4b | HK$84.3b | HK$8.8b | 10.8x | 9.3x | 1x |
| Tue, 25 Apr 2023 | HK$101.4b | HK$85.1b | HK$9.0b | 11.2x | 11.2x | 1.2x |
| Thu, 23 Mar 2023 | HK$99.5b | HK$84.7b | HK$9.4b | 10.8x | 10.6x | 1.2x |
| Sat, 18 Feb 2023 | HK$111.9b | HK$90.9b | HK$13.7b | 10.5x | 8.2x | 1.2x |
| Mon, 16 Jan 2023 | HK$118.6b | HK$92.0b | HK$13.8b | 10.9x | 8.6x | 1.3x |
| Wed, 14 Dec 2022 | HK$106.1b | HK$89.8b | HK$13.6b | 10.4x | 7.8x | 1.2x |
| Fri, 11 Nov 2022 | HK$90.8b | HK$88.4b | HK$13.5b | 7.2x | 6.7x | 1x |
| Sun, 09 Oct 2022 | HK$90.7b | HK$89.3b | HK$13.7b | 8x | 6.6x | 1x |
| Tue, 06 Sep 2022 | HK$105.6b | HK$91.1b | HK$13.8b | 9.1x | 7.6x | 1.2x |
| Thu, 04 Aug 2022 | HK$111.5b | HK$90.3b | HK$14.6b | 8.5x | 7.6x | 1.2x |
| Sat, 02 Jul 2022 | HK$137.2b | HK$90.6b | HK$16.7b | 10.3x | 8.2x | 1.5x |
| Mon, 30 May 2022 | HK$129.7b | HK$90.6b | HK$16.8b | 8.4x | 7.7x | 1.4x |
| Wed, 27 Apr 2022 | HK$111.5b | HK$91.5b | HK$16.9b | 7.2x | 6.6x | 1.2x |
| Fri, 25 Mar 2022 | HK$137.3b | HK$91.2b | HK$17.9b | 7.2x | 7.7x | 1.5x |
| Sun, 20 Feb 2022 | HK$152.5b | HK$85.0b | HK$16.8b | 8.3x | 9.1x | 1.8x |
| Tue, 18 Jan 2022 | HK$148.9b | HK$84.7b | HK$16.8b | 8.5x | 8.9x | 1.8x |
| Thu, 16 Dec 2021 | HK$143.1b | HK$84.7b | HK$16.8b | 8.1x | 8.5x | 1.7x |
| Sat, 13 Nov 2021 | HK$152.5b | HK$90.2b | HK$16.9b | 8.4x | 9.1x | 1.7x |
| Mon, 11 Oct 2021 | HK$147.1b | HK$89.2b | HK$16.7b | 8.2x | 8.8x | 1.6x |
| Wed, 08 Sep 2021 | HK$198.9b | HK$89.0b | HK$16.7b | 11.7x | 11.9x | 2.2x |
| Fri, 06 Aug 2021 | HK$201.2b | HK$89.0b | HK$16.7b | 11.5x | 12x | 2.3x |
| Mon, 10 May 2021 | HK$186.6b | HK$81.1b | HK$13.7b | 12.9x | 13.6x | 2.3x |
| Sun, 31 Jan 2021 | HK$130.0b | HK$73.7b | HK$10.7b | 11x | 12.2x | 1.8x |
| Wed, 04 Nov 2020 | HK$120.3b | HK$68.2b | HK$8.7b | 10.7x | 13.7x | 1.8x |
| Sat, 08 Aug 2020 | HK$102.5b | HK$63.5b | HK$7.0b | 11.6x | 14.5x | 1.6x |
Price to Earnings Ratio
9.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Building 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 9.3x which is lower than its 3-year average PE of 10.4x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Building industry have grown 4.6% per year over the last three years.
- Revenues for these companies have grown 9.8% 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 industry?
| HK Market | -3.76% | |
| Industrials | -5.06% | |
| Building | -4.31% | |
| Building Products | -4.31% | |
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 | |
|---|---|---|---|---|---|
| 1108 Triumph New Energy | HK$6.55 | 1.7% +HK$71.0m | -38.9% | PE12.3x | |
| 3300 China Glass Holdings | HK$0.98 | 2.1% +HK$36.7m | -24.0% | PE14x | |
| 8646 China Hongguang Holdings | HK$0.23 | 3.6% +HK$3.2m | -70.0% | PE2.3x |
