Techtronic Industries Company Limited's (HKG:669) Price Is Out Of Tune With Earnings
Jan 20
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Hong Kong (HSI) Machinery Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies51
- 7D5.9%
- 3M-6.1%
- 1Y20.8%
- YTD5.1%
In the last week, the Machinery industry is up 5.9%, with Techtronic Industries up 6.3%. This takes the industry's 12 month performance to a gain of 21%. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Hong Kong Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | HK$658.6b | HK$634.2b | HK$39.7b | 7.6x | 16.6x | 1x |
| Thu, 19 Dec 2024 | HK$632.7b | HK$633.2b | HK$40.3b | 8.1x | 15.7x | 1x |
| Sat, 16 Nov 2024 | HK$625.3b | HK$637.5b | HK$40.7b | 7.4x | 15.4x | 1x |
| Mon, 14 Oct 2024 | HK$679.3b | HK$651.6b | HK$41.6b | 7.7x | 16.3x | 1x |
| Wed, 11 Sep 2024 | HK$586.2b | HK$650.1b | HK$41.4b | 6.9x | 14.1x | 0.9x |
| Fri, 09 Aug 2024 | HK$608.7b | HK$627.5b | HK$38.0b | 8.3x | 16x | 1x |
| Sun, 07 Jul 2024 | HK$614.7b | HK$618.5b | HK$37.1b | 8.7x | 16.6x | 1x |
| Tue, 04 Jun 2024 | HK$689.1b | HK$648.3b | HK$39.8b | 9.1x | 17.3x | 1.1x |
| Thu, 02 May 2024 | HK$679.3b | HK$649.0b | HK$39.9b | 8.5x | 17x | 1x |
| Sat, 30 Mar 2024 | HK$721.6b | HK$645.8b | HK$39.2b | 8.4x | 18.4x | 1.1x |
| Mon, 26 Feb 2024 | HK$611.4b | HK$616.2b | HK$36.7b | 9.1x | 16.7x | 1x |
| Wed, 24 Jan 2024 | HK$562.8b | HK$617.3b | HK$36.7b | 8.2x | 15.3x | 0.9x |
| Fri, 22 Dec 2023 | HK$549.9b | HK$617.1b | HK$37.9b | 8.8x | 14.5x | 0.9x |
| Sun, 19 Nov 2023 | HK$562.6b | HK$612.2b | HK$37.6b | 9.1x | 14.9x | 0.9x |
| Tue, 17 Oct 2023 | HK$532.3b | HK$594.8b | HK$35.1b | 9.7x | 15.2x | 0.9x |
| Thu, 14 Sep 2023 | HK$543.2b | HK$596.9b | HK$34.9b | 9.2x | 15.6x | 0.9x |
| Sat, 12 Aug 2023 | HK$558.8b | HK$567.9b | HK$31.2b | 9.7x | 17.9x | 1x |
| Mon, 10 Jul 2023 | HK$563.8b | HK$570.2b | HK$32.3b | 9.7x | 17.5x | 1x |
| Wed, 07 Jun 2023 | HK$519.0b | HK$577.6b | HK$32.7b | 11.5x | 15.9x | 0.9x |
| Fri, 05 May 2023 | HK$591.0b | HK$589.8b | HK$33.2b | 12.2x | 17.8x | 1x |
| Sun, 02 Apr 2023 | HK$576.2b | HK$579.9b | HK$31.3b | 12.6x | 18.4x | 1x |
| Tue, 28 Feb 2023 | HK$567.4b | HK$553.6b | HK$31.4b | 12x | 18.1x | 1x |
| Thu, 26 Jan 2023 | HK$606.1b | HK$563.3b | HK$31.9b | 12.4x | 19x | 1.1x |
| Sat, 24 Dec 2022 | HK$539.0b | HK$548.6b | HK$31.1b | 11.2x | 17.3x | 1x |
| Mon, 21 Nov 2022 | HK$476.4b | HK$523.3b | HK$28.3b | 10.9x | 16.8x | 0.9x |
| Wed, 19 Oct 2022 | HK$418.3b | HK$516.7b | HK$28.5b | 11.6x | 14.7x | 0.8x |
| Fri, 16 Sep 2022 | HK$480.3b | HK$529.0b | HK$29.1b | 12.1x | 16.5x | 0.9x |
| Sun, 14 Aug 2022 | HK$515.2b | HK$616.3b | HK$36.3b | 10.3x | 14.2x | 0.8x |
| Tue, 12 Jul 2022 | HK$509.1b | HK$615.0b | HK$36.0b | 10.7x | 14.1x | 0.8x |
| Thu, 09 Jun 2022 | HK$542.8b | HK$617.2b | HK$36.1b | 10.7x | 15.1x | 0.9x |
| Sat, 07 May 2022 | HK$521.0b | HK$658.3b | HK$38.7b | 10.1x | 13.5x | 0.8x |
| Mon, 04 Apr 2022 | HK$638.3b | HK$711.3b | HK$42.7b | 10x | 15x | 0.9x |
| Wed, 02 Mar 2022 | HK$670.1b | HK$738.0b | HK$46.7b | 10.9x | 14.4x | 0.9x |
| Fri, 28 Jan 2022 | HK$666.7b | HK$734.4b | HK$46.6b | 10.9x | 14.3x | 0.9x |
Price to Earnings Ratio
14.3x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Machinery 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 16.2x.
- The industry is trading close to its 3-year average PS ratio of 0.95x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 5.2% per year over the last three years,
- Revenues have also declined 4.8% 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 | 3.38% | |
| Industrials | 3.01% | |
| Machinery | 5.93% | |
| Industrial Machinery | 7.42% | |
| Construction Machinery and Vehicles | 4.61% | |
| Agricultural Machinery | 2.87% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 18.5x.
- Analysts are expecting annual earnings growth of 17.4%, which is higher than its past year's earnings growth of 7.8% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 16.4x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 4.4% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 669 Techtronic Industries | HK$106.20 | 9.2% +HK$16.4b | 20.3% | PE23.8x | |
| 9880 Ubtech Robotics | HK$60.55 | 27.2% +HK$5.6b | -29.3% | PS19.1x | |
| 2582 Jiangsu Guofu Hydrogen Energy Equipment | HK$137.80 | 14.9% +HK$1.9b | n/a | PS25.8x | |
| 3808 Sinotruk (Hong Kong) | HK$23.65 | 2.8% +HK$1.8b | 64.0% | PE9.8x | |
| 2338 Weichai Power | HK$13.56 | 1.5% +HK$1.7b | 8.3% | PE10x |
