Estimating The Fair Value Of China Everbright Environment Group Limited (HKG:257)
Jun 27
Hong Kong (HSI) Commercial Services Industry Analysis
UpdatedJul 01, 2024
DataAggregated Company Financials
Companies69
- 7D1.7%
- 3M23.5%
- 1Y2.6%
- YTD20.1%
In the last week, the Commercial Services industry is up 1.7%, with China Everbright Environment Group up 5.7%. Meanwhile, Changjiu Holdings actually underperformed within the industry, shrinking 6.8% in the last week. Overall in the last year, the industry is flat. As for the next few years, earnings are forecast to decline by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 01 Jul 2024 | HK$100.0b | HK$126.7b | HK$13.9b | 8x | 7.2x | 0.8x |
| Wed, 29 May 2024 | HK$105.1b | HK$127.7b | HK$13.5b | 6.6x | 7.8x | 0.8x |
| Fri, 26 Apr 2024 | HK$89.7b | HK$128.0b | HK$13.6b | 6.8x | 6.6x | 0.7x |
| Sun, 24 Mar 2024 | HK$81.9b | HK$127.1b | HK$11.7b | 6.3x | 7x | 0.6x |
| Tue, 20 Feb 2024 | HK$61.9b | HK$112.4b | HK$4.3b | 6.6x | 14.4x | 0.6x |
| Thu, 18 Jan 2024 | HK$64.8b | HK$113.9b | HK$4.4b | 6.7x | 14.6x | 0.6x |
| Sat, 16 Dec 2023 | HK$65.9b | HK$114.2b | HK$4.4b | 5.9x | 14.8x | 0.6x |
| Mon, 13 Nov 2023 | HK$66.7b | HK$112.8b | HK$4.3b | 6.2x | 15.4x | 0.6x |
| Wed, 11 Oct 2023 | HK$68.3b | HK$112.7b | HK$4.4b | 6.5x | 15.6x | 0.6x |
| Fri, 08 Sep 2023 | HK$71.5b | HK$112.7b | HK$4.5b | 6.7x | 15.9x | 0.6x |
| Sun, 06 Aug 2023 | HK$76.7b | HK$120.4b | HK$4.9b | 7.5x | 15.8x | 0.6x |
| Tue, 04 Jul 2023 | HK$73.6b | HK$120.1b | HK$4.9b | 8x | 15x | 0.6x |
| Thu, 01 Jun 2023 | HK$72.6b | HK$122.5b | HK$5.4b | 7.5x | 13.4x | 0.6x |
| Sat, 29 Apr 2023 | HK$75.7b | HK$123.9b | HK$6.0b | 8x | 12.6x | 0.6x |
| Mon, 27 Mar 2023 | HK$76.7b | HK$134.1b | HK$8.6b | 6.3x | 8.9x | 0.6x |
| Wed, 22 Feb 2023 | HK$80.0b | HK$137.8b | HK$10.0b | 6.4x | 8x | 0.6x |
| Fri, 20 Jan 2023 | HK$81.7b | HK$138.3b | HK$10.1b | 6.1x | 8.1x | 0.6x |
| Sun, 18 Dec 2022 | HK$79.4b | HK$136.2b | HK$9.9b | 5.7x | 8x | 0.6x |
| Tue, 15 Nov 2022 | HK$75.0b | HK$135.3b | HK$10.0b | 6.5x | 7.5x | 0.6x |
| Thu, 13 Oct 2022 | HK$72.9b | HK$133.8b | HK$9.7b | 6.9x | 7.5x | 0.5x |
| Sat, 10 Sep 2022 | HK$90.9b | HK$135.4b | HK$9.9b | 9.3x | 9.2x | 0.7x |
| Mon, 08 Aug 2022 | HK$93.0b | HK$138.4b | HK$11.2b | 11.3x | 8.3x | 0.7x |
| Wed, 06 Jul 2022 | HK$99.0b | HK$138.7b | HK$11.2b | 12.1x | 8.8x | 0.7x |
| Fri, 03 Jun 2022 | HK$98.0b | HK$138.3b | HK$11.5b | 8.5x | 8.5x | 0.7x |
| Sun, 01 May 2022 | HK$98.8b | HK$138.6b | HK$11.6b | 9.7x | 8.5x | 0.7x |
| Tue, 29 Mar 2022 | HK$91.8b | HK$137.3b | HK$11.3b | 8.5x | 8.1x | 0.7x |
| Thu, 24 Feb 2022 | HK$103.9b | HK$137.3b | HK$11.4b | 10.1x | 9.1x | 0.8x |
| Sat, 22 Jan 2022 | HK$104.9b | HK$133.7b | HK$11.4b | 10.6x | 9.2x | 0.8x |
| Mon, 20 Dec 2021 | HK$105.4b | HK$133.6b | HK$11.4b | 10.8x | 9.3x | 0.8x |
| Wed, 17 Nov 2021 | HK$100.5b | HK$134.1b | HK$11.5b | 9.3x | 8.7x | 0.7x |
| Fri, 15 Oct 2021 | HK$105.5b | HK$133.3b | HK$11.3b | 9.1x | 9.3x | 0.8x |
| Sun, 12 Sep 2021 | HK$105.8b | HK$133.0b | HK$11.3b | 10.3x | 9.4x | 0.8x |
| Tue, 10 Aug 2021 | HK$97.9b | HK$133.8b | HK$11.1b | 9.5x | 8.8x | 0.7x |
Price to Earnings Ratio
9.1x
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 7.2x which is lower than its 3-year average PE of 10.5x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 7.7% 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 | -0.99% | |
| Industrials | -1.29% | |
| Commercial Services | 1.65% | |
| Security and Alarm Services | 13.79% | |
| Office Services and Supplies | 12.50% | |
| Environmental and Facilities Services | 3.15% | |
| Diversified Support Services | -0.65% | |
| Commercial Printing | -0.95% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry, which is trading close to its 3-year average PE ratio of 8.9x.
- Analysts are expecting annual earnings growth of 6.2%, which is higher than its past year's earnings decline of 18.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 6.2% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings decline by 39% 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 | |
|---|---|---|---|---|---|
| 257 China Everbright Environment Group | HK$3.92 | 2.9% +HK$675.7m | 25.2% | PE5.4x | |
| 9690 TUHU Car | HK$23.25 | 2.6% +HK$485.8m | n/a | PE2.6x | |
| 1855 ZONQING Environmental | HK$29.05 | 4.1% +HK$316.3m | 109.3% | PE55x | |
| 1330 Dynagreen Environmental Protection Group | HK$3.06 | 5.5% +HK$223.0m | 20.5% | PE6.6x | |
| 587 China Conch Environment Protection Holdings | HK$0.87 | 10.1% +HK$146.1m | -62.2% | PE5.6x |
