Returns At Sany Heavy Equipment International Holdings (HKG:631) Are On The Way Up
Nov 23
Hong Kong (HSI) Machinery Industry Analysis
UpdatedNov 27, 2022
DataAggregated Company Financials
Companies45
- 7D-0.5%
- 3M-6.4%
- 1Y-31.9%
- YTD-33.9%
Over the last 7 days, the Machinery industry has remained flat, although notably Weichai Power gained 5.5%. As for the longer term, the industry has declined 32% in the last year. Earnings are forecast to grow by 19% 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, 27 Nov 2022 | HK$468.5b | HK$520.1b | HK$28.1b | 11.5x | 16.7x | 0.9x |
| Tue, 25 Oct 2022 | HK$413.0b | HK$514.4b | HK$28.4b | 11x | 14.5x | 0.8x |
| Thu, 22 Sep 2022 | HK$468.4b | HK$526.0b | HK$29.0b | 11.6x | 16.1x | 0.9x |
| Sat, 20 Aug 2022 | HK$527.8b | HK$613.3b | HK$35.9b | 10.8x | 14.7x | 0.9x |
| Mon, 18 Jul 2022 | HK$488.6b | HK$610.7b | HK$35.8b | 10.8x | 13.7x | 0.8x |
| Wed, 15 Jun 2022 | HK$534.3b | HK$610.5b | HK$35.7b | 10.9x | 15x | 0.9x |
| Fri, 13 May 2022 | HK$526.6b | HK$652.4b | HK$38.4b | 10x | 13.7x | 0.8x |
| Sun, 10 Apr 2022 | HK$611.7b | HK$711.7b | HK$42.6b | 10x | 14.4x | 0.9x |
| Tue, 08 Mar 2022 | HK$635.4b | HK$746.7b | HK$47.9b | 10.9x | 13.3x | 0.9x |
| Thu, 03 Feb 2022 | HK$659.3b | HK$731.3b | HK$46.4b | 11.3x | 14.2x | 0.9x |
| Sat, 01 Jan 2022 | HK$757.6b | HK$730.8b | HK$46.4b | 11.2x | 16.3x | 1x |
| Mon, 29 Nov 2021 | HK$742.7b | HK$727.8b | HK$46.1b | 11.3x | 16.1x | 1x |
| Wed, 27 Oct 2021 | HK$761.5b | HK$741.7b | HK$47.0b | 12.5x | 16.2x | 1x |
| Fri, 24 Sep 2021 | HK$781.1b | HK$735.6b | HK$46.2b | 11.7x | 16.9x | 1.1x |
| Sun, 22 Aug 2021 | HK$799.4b | HK$734.3b | HK$46.1b | 15x | 17.3x | 1.1x |
| Fri, 09 Jul 2021 | HK$716.0b | HK$734.3b | HK$46.1b | 14.4x | 15.5x | 1x |
| Thu, 01 Apr 2021 | HK$712.0b | HK$679.4b | HK$42.6b | 14x | 16.7x | 1x |
| Sun, 03 Jan 2021 | HK$592.2b | HK$609.8b | HK$41.7b | 14.5x | 14.2x | 1x |
| Wed, 07 Oct 2020 | HK$537.2b | HK$562.2b | HK$37.7b | 12.4x | 14.2x | 1x |
| Tue, 30 Jun 2020 | HK$444.1b | HK$499.4b | HK$32.3b | 12.1x | 13.7x | 0.9x |
| Fri, 03 Apr 2020 | HK$356.1b | HK$485.8b | HK$31.9b | 12.6x | 11.2x | 0.7x |
| Mon, 06 Jan 2020 | HK$451.0b | HK$503.8b | HK$29.6b | 12.8x | 15.3x | 0.9x |
Price to Earnings Ratio
14.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.7x which is higher than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
- Both revenue and earnings for companies in the Machinery 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 | -0.24% | |
| Industrials | -0.18% | |
| Machinery | -0.52% | |
| Agricultural Machinery | 4.26% | |
| Construction Machinery and Vehicles | 3.83% | |
| Industrial Machinery | -3.90% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 11.7x.
- Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings decline of 26.3% per year.
- Investors are most pessimistic about the Industrial Machinery industry, which is trading below its 3-year average of 22.1x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 26% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 2338 Weichai Power | HK$9.71 | 5.5% +HK$4.4b | -29.5% | PE17.1x | |
| 1882 Haitian International Holdings | HK$18.78 | 4.9% +HK$1.4b | -14.6% | PE10.4x | |
| 3808 Sinotruk (Hong Kong) | HK$9.93 | 3.1% +HK$828.3m | -14.1% | PE12.7x | |
| 317 CSSC Offshore & Marine Engineering (Group) | HK$8.00 | 5.3% +HK$565.4m | 19.2% | PE106.9x | |
| 3339 Lonking Holdings | HK$1.38 | 10.4% +HK$556.4m | -34.6% | PE11.3x |
