An Intrinsic Calculation For SINOPEC Engineering (Group) Co., Ltd. (HKG:2386) Suggests It's 34% Undervalued
Jan 25
Hong Kong (HSI) Construction Industry Analysis
UpdatedJan 29, 2023
DataAggregated Company Financials
Companies155
- 7D1.6%
- 3M24.7%
- 1Y-13.3%
- YTD6.8%
The Construction industry is up 1.6% in the last week, with China Energy Engineering up 5.1%. In the past year, the industry is down 13%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Hong Kong Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Jan 2023 | HK$512.9b | HK$2.5t | HK$71.1b | 9.3x | 7.2x | 0.2x |
| Tue, 27 Dec 2022 | HK$465.9b | HK$2.4t | HK$69.3b | 9.1x | 6.7x | 0.2x |
| Thu, 24 Nov 2022 | HK$467.0b | HK$2.4t | HK$68.4b | 8.9x | 6.8x | 0.2x |
| Sat, 22 Oct 2022 | HK$439.2b | HK$2.3t | HK$67.6b | 10x | 6.5x | 0.2x |
| Mon, 19 Sep 2022 | HK$484.3b | HK$2.4t | HK$69.5b | 11.3x | 7x | 0.2x |
| Wed, 17 Aug 2022 | HK$500.7b | HK$2.4t | HK$66.6b | 11.6x | 7.5x | 0.2x |
| Fri, 15 Jul 2022 | HK$541.4b | HK$2.4t | HK$67.1b | 12x | 8.1x | 0.2x |
| Sun, 12 Jun 2022 | HK$548.9b | HK$2.4t | HK$67.8b | 10.5x | 8.1x | 0.2x |
| Tue, 10 May 2022 | HK$563.8b | HK$2.4t | HK$68.0b | 9.1x | 8.3x | 0.2x |
| Thu, 07 Apr 2022 | HK$594.2b | HK$2.5t | HK$71.2b | 10.2x | 8.3x | 0.2x |
| Sat, 05 Mar 2022 | HK$628.5b | HK$2.5t | HK$74.5b | 9.2x | 8.4x | 0.3x |
| Mon, 31 Jan 2022 | HK$594.9b | HK$2.5t | HK$74.2b | 8.6x | 8x | 0.2x |
| Wed, 29 Dec 2021 | HK$597.6b | HK$2.5t | HK$74.2b | 9.3x | 8.1x | 0.2x |
| Fri, 26 Nov 2021 | HK$565.7b | HK$2.5t | HK$73.9b | 9.6x | 7.7x | 0.2x |
| Sun, 24 Oct 2021 | HK$594.0b | HK$2.4t | HK$73.9b | 9.8x | 8x | 0.2x |
| Tue, 21 Sep 2021 | HK$614.7b | HK$2.4t | HK$72.9b | 9.3x | 8.4x | 0.3x |
| Thu, 19 Aug 2021 | HK$517.7b | HK$2.4t | HK$73.6b | 9.1x | 7x | 0.2x |
| Thu, 03 Jun 2021 | HK$506.9b | HK$2.2t | HK$65.0b | 9.4x | 7.8x | 0.2x |
| Sun, 07 Mar 2021 | HK$507.9b | HK$2.1t | HK$59.2b | 9.7x | 8.6x | 0.2x |
| Wed, 09 Dec 2020 | HK$499.2b | HK$1.9t | HK$53.3b | 10.1x | 9.4x | 0.3x |
| Tue, 01 Sep 2020 | HK$494.4b | HK$1.8t | HK$50.0b | 10.2x | 9.9x | 0.3x |
| Fri, 05 Jun 2020 | HK$435.2b | HK$1.7t | HK$53.8b | 9.9x | 8.1x | 0.3x |
| Mon, 09 Mar 2020 | HK$486.8b | HK$1.8t | HK$57.6b | 10.3x | 8.4x | 0.3x |
Price to Earnings Ratio
8.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Construction 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 8.0x.
- The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 7.3% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 2.72% | |
| Industrials | 1.38% | |
| Construction | 1.60% | |
| Construction and Engineering | 1.60% | |
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 | |
|---|---|---|---|---|---|
| 3996 China Energy Engineering | HK$1.04 | 5.1% +HK$2.1b | -15.4% | PE5.4x | |
| 1800 China Communications Construction | HK$4.09 | 2.3% +HK$1.5b | -8.5% | PE3.5x | |
| 586 China Conch Venture Holdings | HK$17.64 | 4.4% +HK$1.3b | -52.1% | PE4.5x | |
| 9979 Greentown Management Holdings | HK$6.80 | 6.3% +HK$804.0m | 14.3% | PE18.1x | |
| 1599 Beijing Urban Construction Design & Development Group | HK$2.46 | 20.6% +HK$566.4m | 17.7% | PE3.5x |