Here's Why Shenzhen International Holdings (HKG:152) Has A Meaningful Debt Burden
Apr 17
Hong Kong (HSI) Infrastructure Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies26
- 7D0.03%
- 3M5.4%
- 1Y-7.7%
- YTD3.5%
The Infrastructure is pretty flat in the last 7 days, but Qingdao Port International has stood out, gaining 5.6%. Unfortunately though, the industry is down 7.7% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | HK$375.7b | HK$190.6b | HK$37.0b | 7.4x | 10.1x | 2x |
| Sun, 17 Mar 2024 | HK$359.8b | HK$178.0b | HK$34.5b | 6.7x | 10.4x | 2x |
| Tue, 13 Feb 2024 | HK$358.5b | HK$177.1b | HK$34.3b | 6.9x | 10.5x | 2x |
| Thu, 11 Jan 2024 | HK$363.1b | HK$207.6b | HK$34.9b | 7.6x | 10.4x | 1.7x |
| Sat, 09 Dec 2023 | HK$338.7b | HK$207.6b | HK$34.9b | 6.9x | 9.7x | 1.6x |
| Mon, 06 Nov 2023 | HK$337.0b | HK$205.1b | HK$34.5b | 7.1x | 9.8x | 1.6x |
| Wed, 04 Oct 2023 | HK$346.7b | HK$203.9b | HK$34.0b | 6.5x | 10.2x | 1.7x |
| Fri, 01 Sep 2023 | HK$342.7b | HK$204.7b | HK$34.0b | 6.5x | 10.1x | 1.7x |
| Sun, 30 Jul 2023 | HK$368.9b | HK$203.5b | HK$34.1b | 7.7x | 10.8x | 1.8x |
| Tue, 27 Jun 2023 | HK$357.0b | HK$213.5b | HK$33.4b | 7.4x | 10.7x | 1.7x |
| Thu, 25 May 2023 | HK$379.4b | HK$216.5b | HK$33.9b | 7.9x | 11.2x | 1.8x |
| Sat, 22 Apr 2023 | HK$381.3b | HK$218.0b | HK$33.2b | 7.6x | 11.5x | 1.7x |
| Mon, 20 Mar 2023 | HK$383.9b | HK$224.7b | HK$37.4b | 6.7x | 10.3x | 1.7x |
| Wed, 15 Feb 2023 | HK$374.7b | HK$225.3b | HK$38.7b | 6.1x | 9.7x | 1.7x |
| Fri, 13 Jan 2023 | HK$377.4b | HK$225.8b | HK$38.8b | 6.2x | 9.7x | 1.7x |
| Sun, 11 Dec 2022 | HK$366.7b | HK$221.7b | HK$38.0b | 5.9x | 9.6x | 1.7x |
| Tue, 08 Nov 2022 | HK$324.7b | HK$219.0b | HK$36.6b | 5.4x | 8.9x | 1.5x |
| Thu, 06 Oct 2022 | HK$322.6b | HK$217.6b | HK$36.6b | 5.3x | 8.8x | 1.5x |
| Sat, 03 Sep 2022 | HK$347.5b | HK$222.3b | HK$37.3b | 5.8x | 9.3x | 1.6x |
| Mon, 01 Aug 2022 | HK$366.5b | HK$220.5b | HK$42.7b | 5.5x | 8.6x | 1.7x |
| Wed, 29 Jun 2022 | HK$389.3b | HK$221.6b | HK$42.9b | 6.1x | 9.1x | 1.8x |
| Fri, 27 May 2022 | HK$376.0b | HK$222.4b | HK$43.1b | 5.9x | 8.7x | 1.7x |
| Sun, 24 Apr 2022 | HK$384.2b | HK$223.1b | HK$44.9b | 5.8x | 8.6x | 1.7x |
| Tue, 22 Mar 2022 | HK$428.0b | HK$217.7b | HK$42.0b | 5.3x | 10.2x | 2x |
| Thu, 17 Feb 2022 | HK$424.1b | HK$215.2b | HK$42.2b | 5.8x | 10.1x | 2x |
| Sat, 15 Jan 2022 | HK$406.9b | HK$214.5b | HK$42.0b | 5.8x | 9.7x | 1.9x |
| Mon, 13 Dec 2021 | HK$394.8b | HK$214.5b | HK$42.0b | 5.7x | 9.4x | 1.8x |
| Wed, 10 Nov 2021 | HK$377.0b | HK$209.1b | HK$42.8b | 5.2x | 8.8x | 1.8x |
| Fri, 08 Oct 2021 | HK$398.4b | HK$202.8b | HK$43.2b | 5.5x | 9.2x | 2x |
| Sun, 05 Sep 2021 | HK$391.3b | HK$202.2b | HK$43.0b | 6.2x | 9.1x | 1.9x |
| Tue, 03 Aug 2021 | HK$369.3b | HK$202.2b | HK$43.0b | 5.7x | 8.6x | 1.8x |
| Fri, 07 May 2021 | HK$415.1b | HK$183.7b | HK$36.0b | 7.8x | 11.5x | 2.3x |
Price to Earnings Ratio
11.5x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Infrastructure 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 9.9x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- Both revenue and earnings for companies in the Infrastructure industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | -2.76% | |
| Industrials | -2.22% | |
| Infrastructure | 0.034% | |
| Marine Ports and Services | 1.40% | |
| Highways and Railtracks | -0.80% | |
| Airport Services | -5.49% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry, which is trading close to its 3-year average PE ratio of 9.4x.
- Analysts are expecting annual earnings growth of 5.6%, which is lower than the prior year's growth of 8.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 97% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 5.6% 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 | |
|---|---|---|---|---|---|
| 6198 Qingdao Port International | HK$4.97 | 6.0% +HK$1.8b | 10.2% | PE6.1x | |
| 357 Hainan Meilan International Airport | HK$7.53 | 13.1% +HK$411.7m | -58.8% | PS1.6x | |
| 144 China Merchants Port Holdings | HK$10.06 | 0.8% +HK$335.8m | -14.0% | PE6.8x | |
| 3369 Qinhuangdao Port | HK$1.68 | 3.1% +HK$279.4m | 37.7% | PE5.7x | |
| 995 Anhui Expressway | HK$9.14 | 1.1% +HK$165.9m | 14.5% | PE8.4x |
