CITIC (HKG:267) Is Increasing Its Dividend To HK$0.46
The board of CITIC Limited ( HKG:267 ) has announced that it will be increasing its dividend on the 8th of August to...
Hong Kong (HSI) Industrials Industry Analysis
UpdatedMay 15, 2022
DataAggregated Company Financials
Companies11
- 7D-0.1%
- 3M-10.5%
- 1Y-14.0%
- YTD0.7%
Over the last 7 days, the Industrials industry has remained flat. As for the longer term, the industry has declined 14% in the last year. Earnings are forecast to grow by 4.6% annually.
Industry Valuation and Performance
Has the Hong Kong Industrials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 15 May 2022 | HK$580.5b | HK$1.5t | HK$123.6b | 5.8x |
| Tue, 12 Apr 2022 | HK$613.0b | HK$1.5t | HK$124.4b | 6x |
| Thu, 10 Mar 2022 | HK$588.5b | HK$1.4t | HK$128.7b | 5.5x |
| Sat, 05 Feb 2022 | HK$621.0b | HK$1.4t | HK$128.3b | 6.2x |
| Mon, 03 Jan 2022 | HK$575.3b | HK$1.4t | HK$129.3b | 5.7x |
| Wed, 01 Dec 2021 | HK$552.1b | HK$1.4t | HK$129.2b | 5.8x |
| Fri, 29 Oct 2021 | HK$595.4b | HK$1.4t | HK$129.3b | 6x |
| Sun, 26 Sep 2021 | HK$615.5b | HK$1.4t | HK$127.4b | 5.7x |
| Tue, 24 Aug 2021 | HK$630.9b | HK$1.4t | HK$124.0b | 5.5x |
| Wed, 30 Jun 2021 | HK$661.0b | HK$1.4t | HK$124.0b | 5.8x |
| Sat, 03 Apr 2021 | HK$636.0b | HK$1.3t | HK$110.2b | 6x |
| Tue, 05 Jan 2021 | HK$556.1b | HK$1.2t | HK$96.5b | 6.3x |
| Fri, 09 Oct 2020 | HK$503.3b | HK$1.2t | HK$95.0b | 6.2x |
| Thu, 02 Jul 2020 | HK$579.6b | HK$1.2t | HK$93.4b | 6.6x |
| Sun, 05 Apr 2020 | HK$609.6b | HK$1.3t | HK$108.9b | 5.5x |
| Wed, 08 Jan 2020 | HK$808.6b | HK$1.3t | HK$125.3b | 5.7x |
| Tue, 01 Oct 2019 | HK$760.1b | HK$1.3t | HK$126.4b | 6.2x |
| Fri, 05 Jul 2019 | HK$851.9b | HK$1.3t | HK$128.2b | 6.1x |
Median PE Ratio
6x
Current Industry PE
- Investors are relatively neutral on the 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 PE ratio of 6.0x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.1% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | -0.027% | |
| Industrials | -0.60% | |
| Industrials | -0.13% | |
| Industrial Conglomerates | -0.13% | |
Industry PE
- Investors are most optimistic about the Industrial Conglomerates industry, which is trading close to its 3-year average PE ratio of 6.0x.
- Analysts are expecting annual earnings growth of 4.6%, which is lower than the prior year's growth of 26% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the Industrial Conglomerates industry, expecting annual earnings growth of 4.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 267 CITIC | HK$8.12 | 1.0% +HK$2.3b | -6.2% | PS3.4x | |
| 363 Shanghai Industrial Holdings | HK$11.64 | 1.6% +HK$195.7m | -2.5% | PS3.4x | |
| 1323 Huasheng International Holding | HK$0.12 | 9.9% +HK$46.2m | -85.5% | PS20.2x |
