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Hong Kong (HSI) Machinery Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies49
- 7D-2.1%
- 3M-2.4%
- 1Y8.0%
- YTD5.7%
Over the last 7 days, the Machinery industry has dropped 2.1%, driven by a pullback from Techtronic Industries of 4.0%. Over the past 12 months, the industry was up 8.0%. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | HK$633.6b | HK$633.1b | HK$40.2b | 7.6x | 15.8x | 1x |
| Tue, 19 Nov 2024 | HK$624.7b | HK$637.4b | HK$40.7b | 7.2x | 15.3x | 1x |
| Thu, 17 Oct 2024 | HK$649.5b | HK$648.4b | HK$41.4b | 7.8x | 15.7x | 1x |
| Sat, 14 Sep 2024 | HK$590.0b | HK$651.9b | HK$41.6b | 7x | 14.2x | 0.9x |
| Mon, 12 Aug 2024 | HK$605.0b | HK$628.4b | HK$38.1b | 8.4x | 15.9x | 1x |
| Wed, 10 Jul 2024 | HK$608.7b | HK$618.2b | HK$37.1b | 8.4x | 16.4x | 1x |
| Fri, 07 Jun 2024 | HK$675.2b | HK$622.1b | HK$37.3b | 9x | 18.1x | 1.1x |
| Sun, 05 May 2024 | HK$674.8b | HK$648.5b | HK$39.9b | 8.7x | 16.9x | 1x |
| Tue, 02 Apr 2024 | HK$661.4b | HK$646.2b | HK$39.1b | 8.1x | 16.9x | 1x |
| Thu, 29 Feb 2024 | HK$612.9b | HK$616.1b | HK$36.7b | 9.2x | 16.7x | 1x |
| Sat, 27 Jan 2024 | HK$596.9b | HK$619.2b | HK$36.8b | 8.7x | 16.2x | 1x |
| Mon, 25 Dec 2023 | HK$551.8b | HK$618.1b | HK$37.9b | 8.8x | 14.5x | 0.9x |
| Wed, 22 Nov 2023 | HK$567.4b | HK$616.8b | HK$37.9b | 9.4x | 15x | 0.9x |
| Fri, 20 Oct 2023 | HK$513.4b | HK$594.3b | HK$35.0b | 9.4x | 14.7x | 0.9x |
| Sun, 17 Sep 2023 | HK$538.0b | HK$596.7b | HK$34.9b | 9.9x | 15.4x | 0.9x |
| Tue, 15 Aug 2023 | HK$553.4b | HK$566.5b | HK$31.1b | 9.5x | 17.8x | 1x |
| Thu, 13 Jul 2023 | HK$575.9b | HK$572.1b | HK$32.4b | 9.4x | 17.8x | 1x |
| Sat, 10 Jun 2023 | HK$534.2b | HK$576.7b | HK$32.7b | 11.2x | 16.3x | 0.9x |
| Mon, 08 May 2023 | HK$593.3b | HK$589.7b | HK$33.2b | 12.2x | 17.9x | 1x |
| Wed, 05 Apr 2023 | HK$578.0b | HK$579.0b | HK$31.3b | 12.6x | 18.5x | 1x |
| Fri, 03 Mar 2023 | HK$585.5b | HK$552.5b | HK$31.1b | 11.6x | 18.8x | 1.1x |
| Sun, 29 Jan 2023 | HK$620.4b | HK$563.2b | HK$31.9b | 12.7x | 19.5x | 1.1x |
| Tue, 27 Dec 2022 | HK$542.5b | HK$550.3b | HK$31.2b | 11.2x | 17.4x | 1x |
| Thu, 24 Nov 2022 | HK$470.5b | HK$521.9b | HK$28.2b | 11.3x | 16.7x | 0.9x |
| Sat, 22 Oct 2022 | HK$413.4b | HK$515.8b | HK$28.5b | 11x | 14.5x | 0.8x |
| Mon, 19 Sep 2022 | HK$474.8b | HK$527.5b | HK$29.1b | 11.6x | 16.3x | 0.9x |
| Wed, 17 Aug 2022 | HK$514.3b | HK$614.2b | HK$36.2b | 10.5x | 14.2x | 0.8x |
| Fri, 15 Jul 2022 | HK$503.4b | HK$613.4b | HK$35.9b | 10.8x | 14x | 0.8x |
| Sun, 12 Jun 2022 | HK$548.5b | HK$613.7b | HK$35.9b | 10.9x | 15.3x | 0.9x |
| Tue, 10 May 2022 | HK$520.7b | HK$657.6b | HK$38.6b | 10.1x | 13.5x | 0.8x |
| Thu, 07 Apr 2022 | HK$616.1b | HK$711.5b | HK$42.6b | 10x | 14.5x | 0.9x |
| Sat, 05 Mar 2022 | HK$658.4b | HK$746.5b | HK$47.5b | 11.1x | 13.9x | 0.9x |
| Mon, 31 Jan 2022 | HK$653.9b | HK$731.3b | HK$46.4b | 11x | 14.1x | 0.9x |
| Wed, 29 Dec 2021 | HK$756.5b | HK$731.0b | HK$46.4b | 11.6x | 16.3x | 1x |
Price to Earnings Ratio
16.3x
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 0.96x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 4.7% per year over the last three years,
- Revenues have also declined 4.7% 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 | -0.53% | |
| Industrials | -1.83% | |
| Machinery | -2.06% | |
| Construction Machinery and Vehicles | -0.38% | |
| Industrial Machinery | -3.43% | |
| Agricultural Machinery | -4.55% | |
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 18.6%, which is higher than its past year's earnings growth of 7.5% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 25% 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 | |
|---|---|---|---|---|---|
| 3808 Sinotruk (Hong Kong) | HK$22.30 | 1.6% +HK$966.3m | 53.4% | PE9.2x | |
| 317 CSSC Offshore & Marine Engineering (Group) | HK$10.92 | 4.0% +HK$593.7m | 1.9% | PE68.6x | |
| 2283 TK Group (Holdings) | HK$2.19 | 7.9% +HK$132.4m | 49.0% | PE7.9x | |
| 1286 Impro Precision Industries | HK$2.05 | 3.0% +HK$113.2m | -7.2% | PE6.6x | |
| 9882 Best Linking Group Holdings | HK$0.85 | 14.9% +HK$88.0m | -24.4% | PE39.5x |
