We Ran A Stock Scan For Earnings Growth And Xinyi Electric Storage Holdings (HKG:8328) Passed With Ease
Jan 09
Hong Kong (HSI) Electrical Industry Analysis
UpdatedJan 31, 2023
DataAggregated Company Financials
Companies31
- 7D-0.8%
- 3M23.1%
- 1Y6.6%
- YTD6.9%
Over the last 7 days, the Electrical industry has remained flat, although notably Honbridge Holdings gained 21%. As for the the longer term, the industry is up 6.6% over the past 12 months. Looking forward, earnings are forecast to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Jan 2023 | HK$184.6b | HK$344.0b | -HK$11,494,022,301.00 | 11.8x | -16.1x | 0.5x |
| Thu, 29 Dec 2022 | HK$170.3b | HK$331.8b | -HK$11,057,899,737.00 | 9.9x | -15.4x | 0.5x |
| Sat, 26 Nov 2022 | HK$251.6b | HK$342.4b | -HK$8,207,284,941.00 | 14x | -30.7x | 0.7x |
| Mon, 24 Oct 2022 | HK$245.3b | HK$341.3b | -HK$7,269,336,811.00 | 14.4x | -33.7x | 0.7x |
| Wed, 21 Sep 2022 | HK$255.3b | HK$351.3b | -HK$7,270,996,864.00 | 14x | -35.1x | 0.7x |
| Fri, 19 Aug 2022 | HK$240.3b | HK$373.9b | -HK$12,949,858,349.00 | 13.8x | -18.6x | 0.6x |
| Sun, 17 Jul 2022 | HK$241.7b | HK$375.3b | -HK$12,858,847,620.00 | 12.1x | -18.8x | 0.6x |
| Tue, 14 Jun 2022 | HK$227.6b | HK$391.8b | -HK$13,932,255,207.00 | 12.1x | -16.3x | 0.6x |
| Thu, 12 May 2022 | HK$201.6b | HK$388.5b | -HK$13,227,540,749.00 | 10.1x | -15.2x | 0.5x |
| Sat, 09 Apr 2022 | HK$227.8b | HK$406.0b | -HK$13,694,757,786.00 | 10.7x | -16.6x | 0.6x |
| Mon, 07 Mar 2022 | HK$270.7b | HK$429.7b | HK$5.4b | 6.3x | 49.9x | 0.6x |
| Wed, 02 Feb 2022 | HK$276.4b | HK$425.3b | HK$5.5b | 6.9x | 50x | 0.6x |
| Fri, 31 Dec 2021 | HK$322.8b | HK$424.8b | HK$5.5b | 7.2x | 58.5x | 0.8x |
| Sun, 28 Nov 2021 | HK$327.0b | HK$423.1b | HK$5.6b | 6.1x | 58.9x | 0.8x |
| Tue, 26 Oct 2021 | HK$278.5b | HK$419.5b | HK$6.1b | 7.3x | 45.9x | 0.7x |
| Thu, 23 Sep 2021 | HK$265.8b | HK$415.1b | HK$5.7b | 7.5x | 46.2x | 0.6x |
| Sat, 21 Aug 2021 | HK$237.3b | HK$416.3b | HK$5.6b | 8.7x | 42.2x | 0.6x |
| Sat, 05 Jun 2021 | HK$208.6b | HK$398.5b | HK$13.6b | 8.7x | 15.4x | 0.5x |
| Tue, 09 Mar 2021 | HK$229.8b | HK$369.8b | HK$12.2b | 11.9x | 18.8x | 0.6x |
| Mon, 30 Nov 2020 | HK$192.2b | HK$343.2b | HK$10.1b | 9.9x | 18.9x | 0.6x |
| Thu, 03 Sep 2020 | HK$188.5b | HK$310.3b | HK$8.0b | 13.5x | 23.6x | 0.6x |
| Sun, 07 Jun 2020 | HK$151.8b | HK$301.7b | HK$6.7b | 11.5x | 22.7x | 0.5x |
| Sat, 29 Feb 2020 | HK$167.7b | HK$313.9b | HK$6.7b | 11.1x | 25x | 0.5x |
Price to Earnings Ratio
25.2x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Electrical industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- Total earnings for the Electrical industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 3.1% per year.
- This means that although more sales are being generated, 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 | 0.072% | |
| Industrials | -0.18% | |
| Electrical | -0.77% | |
| Electrical Components | 7.99% | |
| Heavy Electrical Equipment | -2.20% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 100x.
- Analysts are expecting annual earnings growth of 30.9%, which is higher than its past year's earnings decline of 16.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| 8137 Honbridge Holdings | HK$0.91 | 26.4% +HK$1.9b | 171.6% | PS35.6x | |
| 842 Leoch International Technology | HK$1.95 | 13.4% +HK$312.3m | 150.0% | PE12.2x | |
| 1729 Time Interconnect Technology | HK$1.54 | 6.9% +HK$194.6m | 58.8% | PE17.9x | |
| 580 Sun.King Technology Group | HK$2.10 | 3.4% +HK$114.1m | -34.6% | PE153.2x | |
| 505 Xingye Alloy Materials Group | HK$1.10 | 6.8% +HK$62.5m | -1.8% | PE3.6x |
