Some Investors May Be Worried About CM Hi-Tech Cleanroom's (HKG:2115) Returns On Capital
Aug 08
Hong Kong (HSI) Building Industry Analysis
UpdatedAug 09, 2024
DataAggregated Company Financials
Companies11
- 7D-3.6%
- 3M-22.2%
- 1Y-34.9%
- YTD-11.3%
Over the last 7 days, the Building industry has dropped 4.6%, driven by a pullback from Xinyi Glass Holdings of 6.0%. In contrast, China Hongguang Holdings has gained 16%. However, the industry is down 35% over the past year. Looking forward, earnings are forecast to grow by 6.9% 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 |
|---|---|---|---|---|---|---|
| Fri, 09 Aug 2024 | HK$53.7b | HK$85.8b | HK$9.0b | 6.6x | 5.9x | 0.6x |
| Sun, 07 Jul 2024 | HK$57.9b | HK$86.1b | HK$8.4b | 6.7x | 6.9x | 0.7x |
| Tue, 04 Jun 2024 | HK$67.1b | HK$86.3b | HK$8.4b | 7.8x | 7.9x | 0.8x |
| Thu, 02 May 2024 | HK$60.4b | HK$86.3b | HK$8.4b | 8.5x | 7.2x | 0.7x |
| Sat, 30 Mar 2024 | HK$61.5b | HK$86.5b | HK$8.5b | 8.3x | 7.3x | 0.7x |
| Mon, 26 Feb 2024 | HK$56.4b | HK$84.1b | HK$7.7b | 7.8x | 7.3x | 0.7x |
| Wed, 24 Jan 2024 | HK$53.4b | HK$84.3b | HK$7.7b | 7x | 6.9x | 0.6x |
| Fri, 22 Dec 2023 | HK$61.6b | HK$84.4b | HK$7.7b | 6.2x | 8x | 0.7x |
| Sun, 19 Nov 2023 | HK$68.0b | HK$83.8b | HK$7.7b | 7.2x | 8.8x | 0.8x |
| Tue, 17 Oct 2023 | HK$69.9b | HK$82.4b | HK$7.6b | 9.6x | 9.2x | 0.8x |
| Thu, 14 Sep 2023 | HK$75.1b | HK$82.6b | HK$7.6b | 10.4x | 9.9x | 0.9x |
| Sat, 12 Aug 2023 | HK$79.9b | HK$81.9b | HK$7.6b | 11.2x | 10.5x | 1x |
| Mon, 10 Jul 2023 | HK$81.2b | HK$83.1b | HK$8.7b | 10.3x | 9.3x | 1x |
| Wed, 07 Jun 2023 | HK$84.2b | HK$83.9b | HK$8.8b | 11x | 9.6x | 1x |
| Fri, 05 May 2023 | HK$98.3b | HK$85.5b | HK$8.9b | 12.1x | 11x | 1.2x |
| Sun, 02 Apr 2023 | HK$99.4b | HK$84.9b | HK$9.0b | 11.3x | 11.1x | 1.2x |
| Tue, 28 Feb 2023 | HK$108.8b | HK$90.4b | HK$13.7b | 10.3x | 8x | 1.2x |
| Thu, 26 Jan 2023 | HK$118.5b | HK$91.6b | HK$13.8b | 10.7x | 8.6x | 1.3x |
| Sat, 24 Dec 2022 | HK$101.6b | HK$89.9b | HK$13.6b | 9.6x | 7.5x | 1.1x |
| Mon, 21 Nov 2022 | HK$101.9b | HK$89.1b | HK$13.6b | 10.2x | 7.5x | 1.1x |
| Wed, 19 Oct 2022 | HK$88.7b | HK$88.8b | HK$13.6b | 7.6x | 6.5x | 1x |
| Fri, 16 Sep 2022 | HK$105.3b | HK$90.4b | HK$13.8b | 8.9x | 7.6x | 1.2x |
| Sun, 14 Aug 2022 | HK$116.1b | HK$90.3b | HK$14.6b | 8.2x | 7.9x | 1.3x |
| Tue, 12 Jul 2022 | HK$125.0b | HK$90.7b | HK$16.7b | 9.5x | 7.5x | 1.4x |
| Thu, 09 Jun 2022 | HK$128.2b | HK$90.9b | HK$16.8b | 8.9x | 7.6x | 1.4x |
| Sat, 07 May 2022 | HK$118.1b | HK$91.0b | HK$16.8b | 7.8x | 7x | 1.3x |
| Mon, 04 Apr 2022 | HK$129.8b | HK$93.1b | HK$17.1b | 7.9x | 7.6x | 1.4x |
| Wed, 02 Mar 2022 | HK$150.8b | HK$85.2b | HK$16.8b | 8.2x | 9x | 1.8x |
| Fri, 28 Jan 2022 | HK$151.5b | HK$84.9b | HK$16.8b | 8.4x | 9x | 1.8x |
| Sun, 26 Dec 2021 | HK$138.6b | HK$84.6b | HK$16.8b | 8x | 8.3x | 1.6x |
| Tue, 23 Nov 2021 | HK$144.3b | HK$84.4b | HK$16.7b | 8x | 8.6x | 1.7x |
| Thu, 21 Oct 2021 | HK$156.4b | HK$89.7b | HK$16.8b | 9x | 9.3x | 1.7x |
| Sat, 18 Sep 2021 | HK$172.8b | HK$89.1b | HK$16.7b | 10x | 10.3x | 1.9x |
| Mon, 16 Aug 2021 | HK$192.8b | HK$89.0b | HK$16.7b | 11.1x | 11.5x | 2.2x |
Price to Earnings Ratio
11.5x
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 6.0x which is lower than its 3-year average PE of 8.5x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Building industry have declined 19% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | -2.08% | |
| Industrials | -2.60% | |
| Building | -3.63% | |
| Building Products | -3.63% | |
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 | |
|---|---|---|---|---|---|
| 830 China State Construction Development Holdings | HK$2.06 | 2.5% +HK$112.8m | -27.0% | PE8x | |
| 2115 CM Hi-Tech Cleanroom | HK$0.18 | 10.4% +HK$23.8m | -29.4% | PE4.2x | |
| 1108 Triumph New Energy | HK$4.17 | 0.7% +HK$19.4m | -27.1% | PE6.6x | |
| 8646 China Hongguang Holdings | HK$0.25 | 15.8% +HK$15.6m | -18.4% | PE2.9x |
