Harbin Electric (HKG:1133) Is Increasing Its Dividend To CN¥0.0573
Apr 19
Hong Kong (HSI) Electrical Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies31
- 7D5.3%
- 3M12.0%
- 1Y-15.3%
- YTD0.4%
The Electrical industry is up 4.7% in the last week, with Dongfang Electric up 9.1%. In the past year, the industry is down 17%. Earnings are forecast to grow by 54% annually.
Industry Valuation and Performance
Has the Hong Kong Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | HK$193.6b | HK$337.8b | HK$2.0b | 8.8x | 96.2x | 0.6x |
| Fri, 22 Mar 2024 | HK$188.2b | HK$337.1b | HK$1.7b | 7.6x | 111.4x | 0.6x |
| Sun, 18 Feb 2024 | HK$187.2b | HK$337.1b | HK$1.7b | 6.3x | 109x | 0.6x |
| Tue, 16 Jan 2024 | HK$191.0b | HK$359.2b | HK$1.9b | 7.2x | 101.7x | 0.5x |
| Thu, 14 Dec 2023 | HK$150.5b | HK$339.9b | HK$2.4b | 7.2x | 63.6x | 0.4x |
| Sat, 11 Nov 2023 | HK$150.7b | HK$335.7b | HK$2.6b | 8.9x | 58.9x | 0.4x |
| Mon, 09 Oct 2023 | HK$151.9b | HK$336.2b | HK$1.7b | 9.2x | 91.8x | 0.5x |
| Wed, 06 Sep 2023 | HK$158.3b | HK$337.3b | HK$2.1b | 10.5x | 75.8x | 0.5x |
| Fri, 04 Aug 2023 | HK$169.2b | HK$329.5b | HK$331.9m | 10.4x | 509.7x | 0.5x |
| Sun, 02 Jul 2023 | HK$166.5b | HK$327.3b | HK$399.6m | 10.3x | 416.8x | 0.5x |
| Tue, 30 May 2023 | HK$167.1b | HK$333.4b | HK$363.1m | 10x | 460.3x | 0.5x |
| Thu, 27 Apr 2023 | HK$175.7b | HK$340.2b | HK$226.6m | 10.9x | 775.4x | 0.5x |
| Sat, 25 Mar 2023 | HK$182.1b | HK$339.1b | -HK$11,363,033,778.00 | 12.5x | -16x | 0.5x |
| Mon, 20 Feb 2023 | HK$181.7b | HK$340.0b | -HK$11,223,710,012.00 | 13.7x | -16.2x | 0.5x |
| Wed, 18 Jan 2023 | HK$181.7b | HK$342.6b | -HK$11,442,097,896.00 | 10.1x | -15.9x | 0.5x |
| Fri, 16 Dec 2022 | HK$169.4b | HK$331.6b | -HK$11,050,936,829.00 | 10.8x | -15.3x | 0.5x |
| Sun, 13 Nov 2022 | HK$251.1b | HK$345.6b | -HK$8,227,203,393.00 | 12.3x | -30.5x | 0.7x |
| Tue, 11 Oct 2022 | HK$223.6b | HK$345.8b | -HK$7,601,887,433.00 | 13.2x | -29.4x | 0.6x |
| Thu, 08 Sep 2022 | HK$260.8b | HK$354.8b | -HK$7,348,373,182.00 | 13.6x | -35.5x | 0.7x |
| Sat, 06 Aug 2022 | HK$234.1b | HK$375.7b | -HK$12,867,325,563.00 | 11.8x | -18.2x | 0.6x |
| Mon, 04 Jul 2022 | HK$237.8b | HK$392.4b | -HK$13,954,565,750.00 | 12.2x | -17x | 0.6x |
| Wed, 01 Jun 2022 | HK$219.3b | HK$394.3b | -HK$14,000,516,503.00 | 10.9x | -15.7x | 0.6x |
| Fri, 29 Apr 2022 | HK$198.1b | HK$395.1b | -HK$13,160,275,354.00 | 10.6x | -15.1x | 0.5x |
| Sun, 27 Mar 2022 | HK$248.6b | HK$427.3b | HK$5.4b | 6x | 46x | 0.6x |
| Tue, 22 Feb 2022 | HK$270.2b | HK$427.7b | HK$5.5b | 7x | 48.8x | 0.6x |
| Thu, 20 Jan 2022 | HK$295.3b | HK$425.5b | HK$5.5b | 7.4x | 53.4x | 0.7x |
| Sat, 18 Dec 2021 | HK$321.9b | HK$425.1b | HK$5.5b | 6.4x | 58.3x | 0.8x |
| Mon, 15 Nov 2021 | HK$301.8b | HK$423.5b | HK$5.6b | 6.2x | 54.3x | 0.7x |
| Wed, 13 Oct 2021 | HK$251.4b | HK$415.7b | HK$6.0b | 7x | 41.7x | 0.6x |
| Fri, 10 Sep 2021 | HK$274.3b | HK$414.5b | HK$5.7b | 9.2x | 47.8x | 0.7x |
| Sun, 08 Aug 2021 | HK$225.3b | HK$416.3b | HK$5.6b | 9.4x | 40x | 0.5x |
| Sat, 01 May 2021 | HK$210.0b | HK$398.5b | HK$13.6b | 9.2x | 15.5x | 0.5x |
Price to Earnings Ratio
15.5x
Current Industry PE
- Investors are pessimistic on the Hong Kong Electrical 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 97.3x which is lower than its 3-year average PE of 126x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 47% per year over the last three years,
- Revenues have also declined 5.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 2.33% | |
| Industrials | 1.34% | |
| Electrical | 5.29% | |
| Heavy Electrical Equipment | 7.27% | |
| Electrical Components | 1.28% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry even though it's trading below its 3-year average PE ratio of 1kx.
- Analysts are expecting annual earnings growth of 43.3%, which is higher than its past year's earnings growth of 24.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 97% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 43% 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 | |
|---|---|---|---|---|---|
| 1072 Dongfang Electric | HK$10.78 | 9.1% +HK$2.8b | -1.3% | PE8.8x | |
| 2727 Shanghai Electric Group | HK$1.67 | 6.4% +HK$1.6b | -15.2% | PE84.4x | |
| 666 REPT BATTERO Energy | HK$14.56 | 3.0% +HK$956.3m | n/a | PS2.2x | |
| 1133 Harbin Electric | HK$2.38 | 6.3% +HK$313.1m | -32.8% | PE8.6x | |
| 8328 Xinyi Electric Storage Holdings | HK$1.55 | 8.4% +HK$94.3m | -41.3% | PE14.6x |
