Calculating The Fair Value Of CM Hi-Tech Cleanroom Limited (HKG:2115)
Dec 05
Hong Kong (HSI) Building Products Industry Analysis
UpdatedDec 06, 2023
DataAggregated Company Financials
Companies11
- 7D-7.2%
- 3M-23.2%
- 1Y-45.4%
- YTD-42.9%
Over the last 7 days, the Building Products industry has dropped 6.7%, driven by a pullback from Xinyi Glass Holdings of 9.0%. Overall the industry is down 45% in 12 months. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Hong Kong Building Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 06 Dec 2023 | HK$62.7b | HK$84.5b | HK$7.7b | 7.1x | 8.1x | 0.7x |
| Fri, 03 Nov 2023 | HK$65.4b | HK$83.3b | HK$7.7b | 6.6x | 8.5x | 0.8x |
| Sun, 01 Oct 2023 | HK$70.6b | HK$82.4b | HK$7.6b | 9.8x | 9.3x | 0.9x |
| Tue, 29 Aug 2023 | HK$74.0b | HK$82.5b | HK$7.7b | 9.9x | 9.6x | 0.9x |
| Thu, 27 Jul 2023 | HK$83.1b | HK$83.4b | HK$8.8b | 10.5x | 9.5x | 1x |
| Sat, 24 Jun 2023 | HK$80.8b | HK$83.4b | HK$8.8b | 10.3x | 9.2x | 1x |
| Mon, 22 May 2023 | HK$86.5b | HK$84.5b | HK$8.8b | 11x | 9.8x | 1x |
| Wed, 19 Apr 2023 | HK$103.7b | HK$85.2b | HK$9.0b | 11.6x | 11.5x | 1.2x |
| Fri, 17 Mar 2023 | HK$98.0b | HK$86.0b | HK$9.3b | 11.2x | 10.5x | 1.1x |
| Sun, 12 Feb 2023 | HK$113.1b | HK$91.5b | HK$13.8b | 10.7x | 8.2x | 1.2x |
| Tue, 10 Jan 2023 | HK$114.7b | HK$91.4b | HK$13.8b | 10.3x | 8.3x | 1.3x |
| Thu, 08 Dec 2022 | HK$105.9b | HK$89.6b | HK$13.6b | 10.3x | 7.8x | 1.2x |
| Sat, 05 Nov 2022 | HK$90.3b | HK$88.1b | HK$13.5b | 7.4x | 6.7x | 1x |
| Mon, 03 Oct 2022 | HK$87.9b | HK$89.3b | HK$13.7b | 7.9x | 6.4x | 1x |
| Wed, 31 Aug 2022 | HK$111.5b | HK$90.1b | HK$14.5b | 8.5x | 7.7x | 1.2x |
| Fri, 29 Jul 2022 | HK$117.7b | HK$90.2b | HK$16.7b | 8.8x | 7x | 1.3x |
| Sun, 26 Jun 2022 | HK$131.4b | HK$90.7b | HK$16.8b | 9.5x | 7.8x | 1.4x |
| Tue, 24 May 2022 | HK$129.8b | HK$90.7b | HK$16.8b | 8.9x | 7.7x | 1.4x |
| Thu, 21 Apr 2022 | HK$117.1b | HK$92.9b | HK$17.0b | 7.3x | 6.9x | 1.3x |
| Sat, 19 Mar 2022 | HK$139.8b | HK$90.3b | HK$17.9b | 7x | 7.8x | 1.5x |
| Mon, 14 Feb 2022 | HK$161.6b | HK$84.7b | HK$16.8b | 8.7x | 9.6x | 1.9x |
| Wed, 12 Jan 2022 | HK$181.9b | HK$96.7b | HK$17.6b | 9.1x | 10.3x | 1.9x |
| Fri, 10 Dec 2021 | HK$153.6b | HK$84.8b | HK$16.8b | 8.2x | 9.2x | 1.8x |
| Sun, 07 Nov 2021 | HK$141.2b | HK$90.1b | HK$16.8b | 7.7x | 8.4x | 1.6x |
| Tue, 05 Oct 2021 | HK$147.1b | HK$89.2b | HK$16.7b | 8.2x | 8.8x | 1.6x |
| Thu, 02 Sep 2021 | HK$204.7b | HK$89.0b | HK$16.7b | 12.1x | 12.3x | 2.3x |
| Sat, 31 Jul 2021 | HK$194.7b | HK$89.0b | HK$16.7b | 11.3x | 11.7x | 2.2x |
| Tue, 04 May 2021 | HK$186.6b | HK$81.1b | HK$13.7b | 12.9x | 13.6x | 2.3x |
| Fri, 05 Feb 2021 | HK$130.0b | HK$73.7b | HK$10.7b | 11x | 12.2x | 1.8x |
Price to Earnings Ratio
13.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Building Products 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 8.2x which is lower than its 3-year average PE of 9.7x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 0.75x.
Past Earnings Growth
- The earnings for companies in the Building Products industry have declined 10% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Building Products compare with similar industries?
| HK Market | -4.20% | |
| Industrials | -3.23% | |
| Building | -7.24% | |
| Building Products | -7.24% | |
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$4.16 | 3.0% +HK$77.5m | -55.7% | PE7.1x | |
| 830 China State Construction Development Holdings | HK$2.39 | 1.3% +HK$67.7m | 24.5% | PE10x | |
| 2115 CM Hi-Tech Cleanroom | HK$0.23 | 12.5% +HK$35.0m | 12.5% | PE4.3x | |
| 2789 Yuanda China Holdings | HK$0.05 | 2.0% +HK$6.2m | 51.5% | PE3.8x |
