A Look At The Intrinsic Value Of Shenzhen International Holdings Limited (HKG:152)
Jan 19
Hong Kong (HSI) Infrastructure Industry Analysis
UpdatedJan 31, 2023
DataAggregated Company Financials
Companies27
- 7D-1.0%
- 3M29.4%
- 1Y-3.5%
- YTD4.5%
In the last week, the Infrastructure industry is flat overall, with COSCO SHIPPING Ports standing out by going down 7.2%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Jan 2023 | HK$381.4b | HK$226.2b | HK$38.9b | 6.4x | 9.8x | 1.7x |
| Thu, 29 Dec 2022 | HK$365.3b | HK$221.5b | HK$38.0b | 6.1x | 9.6x | 1.6x |
| Sat, 26 Nov 2022 | HK$342.7b | HK$218.9b | HK$36.6b | 5.7x | 9.4x | 1.6x |
| Mon, 24 Oct 2022 | HK$314.3b | HK$215.6b | HK$36.0b | 5.2x | 8.7x | 1.5x |
| Wed, 21 Sep 2022 | HK$345.1b | HK$220.1b | HK$36.9b | 5.9x | 9.3x | 1.6x |
| Fri, 19 Aug 2022 | HK$350.7b | HK$225.5b | HK$41.5b | 5.5x | 8.5x | 1.6x |
| Sun, 17 Jul 2022 | HK$366.6b | HK$220.2b | HK$42.6b | 5.7x | 8.6x | 1.7x |
| Tue, 14 Jun 2022 | HK$379.6b | HK$221.1b | HK$42.8b | 6.1x | 8.9x | 1.7x |
| Thu, 12 May 2022 | HK$365.2b | HK$219.4b | HK$42.5b | 6.1x | 8.6x | 1.7x |
| Sat, 09 Apr 2022 | HK$402.4b | HK$226.3b | HK$45.5b | 5.6x | 8.8x | 1.8x |
| Mon, 07 Mar 2022 | HK$456.0b | HK$218.9b | HK$41.5b | 5.6x | 11x | 2.1x |
| Wed, 02 Feb 2022 | HK$398.3b | HK$214.6b | HK$42.0b | 5.6x | 9.5x | 1.9x |
| Fri, 31 Dec 2021 | HK$402.9b | HK$214.4b | HK$42.0b | 5.6x | 9.6x | 1.9x |
| Sun, 28 Nov 2021 | HK$382.0b | HK$209.6b | HK$42.9b | 5.4x | 8.9x | 1.8x |
| Tue, 26 Oct 2021 | HK$390.3b | HK$203.9b | HK$43.4b | 5.4x | 9x | 1.9x |
| Thu, 23 Sep 2021 | HK$387.3b | HK$202.4b | HK$43.1b | 5.5x | 9x | 1.9x |
| Sat, 21 Aug 2021 | HK$363.5b | HK$202.2b | HK$43.0b | 5.8x | 8.4x | 1.8x |
| Sat, 05 Jun 2021 | HK$411.2b | HK$183.7b | HK$36.0b | 8x | 11.4x | 2.2x |
| Tue, 09 Mar 2021 | HK$401.6b | HK$167.1b | HK$28.5b | 10.2x | 14.1x | 2.4x |
| Mon, 30 Nov 2020 | HK$358.5b | HK$158.0b | HK$27.4b | 9.8x | 13.1x | 2.3x |
| Thu, 03 Sep 2020 | HK$348.6b | HK$149.2b | HK$27.2b | 10.6x | 12.8x | 2.3x |
| Sun, 07 Jun 2020 | HK$318.9b | HK$153.4b | HK$34.8b | 9.7x | 9.2x | 2.1x |
| Sat, 29 Feb 2020 | HK$355.6b | HK$163.2b | HK$42.9b | 8.4x | 8.3x | 2.2x |
Price to Earnings Ratio
9x
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 10.3x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have declined 3.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 11% 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% | |
| Infrastructure | -0.98% | |
| Highways and Railtracks | -0.35% | |
| Marine Ports and Services | -1.31% | |
| Airport Services | -2.08% | |
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 9.5x.
- Analysts are expecting annual earnings growth of 0.5%, which is higher than its past year's earnings decline of 1.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 98% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| 576 Zhejiang Expressway | HK$6.86 | 1.3% +HK$390.9m | 2.7% | PE6.9x | |
| 2880 Liaoning Port | HK$0.72 | 1.4% +HK$239.9m | 1.4% | PE10.5x | |
| 995 Anhui Expressway | HK$7.09 | 1.7% +HK$199.0m | 7.4% | PE7x | |
| 1052 Yuexiu Transport Infrastructure | HK$4.63 | 2.2% +HK$167.3m | -1.9% | PE5.2x | |
| 517 COSCO SHIPPING International (Hong Kong) | HK$2.69 | 3.9% +HK$148.2m | 9.3% | PE13.5x |
