Returns On Capital Are Showing Encouraging Signs At TUHU Car (HKG:9690)
Jan 13
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Hong Kong (HSI) Commercial Services Industry Analysis
UpdatedJan 30, 2025
DataAggregated Company Financials
Companies67
- 7D0.08%
- 3M-8.7%
- 1Y-2.6%
- YTD-6.9%
Over the last 7 days, the Commercial Services industry has remained flat, although notably TUHU Car gained 3.4%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to decline by 16% per year.
Industry Valuation and Performance
Has the Hong Kong Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Jan 2025 | HK$80.3b | HK$126.4b | HK$13.5b | 7.5x | 6x | 0.6x |
| Sat, 28 Dec 2024 | HK$88.2b | HK$125.7b | HK$13.4b | 7.2x | 6.6x | 0.7x |
| Mon, 25 Nov 2024 | HK$86.3b | HK$127.1b | HK$13.6b | 7.1x | 6.4x | 0.7x |
| Wed, 23 Oct 2024 | HK$88.7b | HK$128.4b | HK$13.7b | 8.3x | 6.5x | 0.7x |
| Fri, 20 Sep 2024 | HK$81.5b | HK$129.2b | HK$13.7b | 8x | 5.9x | 0.6x |
| Sun, 18 Aug 2024 | HK$84.1b | HK$128.4b | HK$14.2b | 8x | 5.9x | 0.7x |
| Tue, 16 Jul 2024 | HK$89.7b | HK$126.9b | HK$13.9b | 8x | 6.5x | 0.7x |
| Thu, 13 Jun 2024 | HK$116.1b | HK$128.1b | HK$14.0b | 6.2x | 8.3x | 0.9x |
| Sat, 11 May 2024 | HK$100.6b | HK$127.9b | HK$13.6b | 6.7x | 7.4x | 0.8x |
| Mon, 08 Apr 2024 | HK$87.2b | HK$128.2b | HK$13.7b | 6.7x | 6.3x | 0.7x |
| Wed, 06 Mar 2024 | HK$63.4b | HK$111.8b | HK$4.3b | 6.9x | 14.8x | 0.6x |
| Fri, 02 Feb 2024 | HK$63.9b | HK$113.7b | HK$4.5b | 6.2x | 14.3x | 0.6x |
| Sun, 31 Dec 2023 | HK$66.5b | HK$114.4b | HK$4.4b | 6.2x | 15x | 0.6x |
| Tue, 28 Nov 2023 | HK$66.8b | HK$113.3b | HK$4.3b | 5.9x | 15.5x | 0.6x |
| Thu, 26 Oct 2023 | HK$68.4b | HK$112.7b | HK$4.4b | 6.3x | 15.6x | 0.6x |
| Sat, 23 Sep 2023 | HK$71.2b | HK$112.7b | HK$4.5b | 7x | 15.8x | 0.6x |
| Mon, 21 Aug 2023 | HK$73.4b | HK$119.3b | HK$4.9b | 7.5x | 14.9x | 0.6x |
| Wed, 19 Jul 2023 | HK$73.8b | HK$120.4b | HK$4.9b | 7.4x | 15.1x | 0.6x |
| Fri, 16 Jun 2023 | HK$74.5b | HK$122.0b | HK$5.0b | 7.8x | 15x | 0.6x |
| Sun, 14 May 2023 | HK$76.2b | HK$123.6b | HK$6.0b | 8.1x | 12.7x | 0.6x |
| Tue, 11 Apr 2023 | HK$75.7b | HK$124.2b | HK$6.0b | 8.2x | 12.6x | 0.6x |
| Thu, 09 Mar 2023 | HK$79.5b | HK$137.4b | HK$10.0b | 6.2x | 7.9x | 0.6x |
| Sat, 04 Feb 2023 | HK$82.2b | HK$138.7b | HK$10.1b | 6.3x | 8.1x | 0.6x |
| Mon, 02 Jan 2023 | HK$77.9b | HK$136.7b | HK$10.0b | 5.7x | 7.8x | 0.6x |
| Wed, 30 Nov 2022 | HK$76.8b | HK$135.1b | HK$10.0b | 6.1x | 7.7x | 0.6x |
| Fri, 28 Oct 2022 | HK$68.9b | HK$135.7b | HK$10.3b | 7.4x | 6.7x | 0.5x |
| Sun, 25 Sep 2022 | HK$80.5b | HK$132.7b | HK$9.7b | 7.8x | 8.3x | 0.6x |
| Tue, 23 Aug 2022 | HK$93.6b | HK$133.4b | HK$10.1b | 10.8x | 9.3x | 0.7x |
| Thu, 21 Jul 2022 | HK$96.0b | HK$138.4b | HK$11.2b | 11.1x | 8.6x | 0.7x |
| Sat, 18 Jun 2022 | HK$95.1b | HK$138.1b | HK$11.5b | 8.5x | 8.3x | 0.7x |
| Mon, 16 May 2022 | HK$98.5b | HK$137.6b | HK$11.5b | 9.7x | 8.6x | 0.7x |
| Wed, 13 Apr 2022 | HK$112.4b | HK$139.9b | HK$11.7b | 11.4x | 9.6x | 0.8x |
| Fri, 11 Mar 2022 | HK$99.8b | HK$137.3b | HK$11.4b | 8.4x | 8.8x | 0.7x |
| Sun, 06 Feb 2022 | HK$104.1b | HK$133.6b | HK$11.4b | 10.2x | 9.2x | 0.8x |
Price to Earnings Ratio
9.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Commercial Services 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 9.9x.
- The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 5.8% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 1.94% | |
| Industrials | 0.65% | |
| Commercial Services | 0.079% | |
| Diversified Support Services | 1.41% | |
| Security and Alarm Services | 0.90% | |
| Environmental and Facilities Services | -0.32% | |
| Commercial Printing | -0.77% | |
| Office Services and Supplies | -6.43% | |
Industry PE
- Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio.
- 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 Environmental and Facilities Services industry, expecting annual earnings growth of 4.5% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings decline by 50% 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 | |
|---|---|---|---|---|---|
| 9690 TUHU Car | HK$15.72 | 3.4% +HK$424.4m | -39.2% | PE1.7x | |
| 257 China Everbright Environment Group | HK$3.40 | 0.3% +HK$61.4m | 24.1% | PE5.1x | |
| 1855 ZONQING Environmental | HK$6.22 | 1.1% +HK$57.8m | -13.6% | PE36.1x | |
| 3989 Capital Environment Holdings | HK$0.099 | 4.2% +HK$57.2m | -10.8% | PE4.3x | |
| 976 Chiho Environmental Group | HK$0.48 | 6.7% +HK$48.2m | 10.3% | PS0.05x |
