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Jul 25
Hong Kong (HSI) Machinery Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies47
- 7D-3.9%
- 3M-16.5%
- 1Y-1.0%
- YTD2.6%
Over the last 7 days, the Machinery industry has dropped 2.2%, driven by Techtronic Industries declining 5.6%. As for the longer term, the industry's performance has been flat for the past year. 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | HK$598.2b | HK$621.3b | HK$37.3b | 8.7x | 16x | 1x |
| Sun, 23 Jun 2024 | HK$651.8b | HK$620.7b | HK$37.2b | 9.2x | 17.5x | 1.1x |
| Tue, 21 May 2024 | HK$684.2b | HK$647.6b | HK$39.7b | 9.9x | 17.2x | 1.1x |
| Thu, 18 Apr 2024 | HK$690.2b | HK$646.0b | HK$39.1b | 8.1x | 17.7x | 1.1x |
| Sat, 16 Mar 2024 | HK$713.5b | HK$620.1b | HK$36.7b | 8.8x | 19.4x | 1.2x |
| Mon, 12 Feb 2024 | HK$590.3b | HK$618.1b | HK$36.8b | 8.6x | 16.1x | 1x |
| Wed, 10 Jan 2024 | HK$580.4b | HK$619.3b | HK$36.8b | 8.6x | 15.8x | 0.9x |
| Fri, 08 Dec 2023 | HK$537.0b | HK$617.6b | HK$37.9b | 9.2x | 14.2x | 0.9x |
| Sun, 05 Nov 2023 | HK$534.6b | HK$608.8b | HK$37.5b | 9.3x | 14.3x | 0.9x |
| Tue, 03 Oct 2023 | HK$538.0b | HK$595.7b | HK$35.1b | 9.5x | 15.3x | 0.9x |
| Thu, 31 Aug 2023 | HK$544.8b | HK$569.8b | HK$32.9b | 9.9x | 16.6x | 1x |
| Sat, 29 Jul 2023 | HK$590.1b | HK$572.2b | HK$32.4b | 9.9x | 18.2x | 1x |
| Mon, 26 Jun 2023 | HK$547.2b | HK$573.2b | HK$32.5b | 10x | 16.8x | 1x |
| Wed, 24 May 2023 | HK$552.7b | HK$581.2b | HK$32.9b | 11.5x | 16.8x | 1x |
| Fri, 21 Apr 2023 | HK$571.4b | HK$579.3b | HK$32.0b | 12.6x | 17.9x | 1x |
| Sun, 19 Mar 2023 | HK$576.8b | HK$550.6b | HK$30.3b | 12.1x | 19x | 1x |
| Tue, 14 Feb 2023 | HK$628.8b | HK$561.2b | HK$31.7b | 12x | 19.8x | 1.1x |
| Thu, 12 Jan 2023 | HK$583.7b | HK$562.0b | HK$31.8b | 11.5x | 18.4x | 1x |
| Sat, 10 Dec 2022 | HK$570.5b | HK$548.5b | HK$31.1b | 12.1x | 18.4x | 1x |
| Mon, 07 Nov 2022 | HK$438.7b | HK$521.9b | HK$28.3b | 10.5x | 15.5x | 0.8x |
| Wed, 05 Oct 2022 | HK$420.8b | HK$520.9b | HK$28.7b | 11.2x | 14.6x | 0.8x |
| Fri, 02 Sep 2022 | HK$496.6b | HK$532.5b | HK$29.3b | 11.8x | 16.9x | 0.9x |
| Sun, 31 Jul 2022 | HK$504.7b | HK$611.5b | HK$35.8b | 11x | 14.1x | 0.8x |
| Tue, 28 Jun 2022 | HK$530.8b | HK$614.8b | HK$35.9b | 11x | 14.8x | 0.9x |
| Thu, 26 May 2022 | HK$533.2b | HK$652.6b | HK$38.5b | 10.3x | 13.8x | 0.8x |
| Sat, 23 Apr 2022 | HK$577.4b | HK$704.8b | HK$42.2b | 10x | 13.7x | 0.8x |
| Mon, 21 Mar 2022 | HK$636.8b | HK$743.2b | HK$47.5b | 10.8x | 13.4x | 0.9x |
| Wed, 16 Feb 2022 | HK$678.9b | HK$732.3b | HK$46.5b | 11.3x | 14.6x | 0.9x |
| Fri, 14 Jan 2022 | HK$723.5b | HK$731.5b | HK$46.4b | 10.9x | 15.6x | 1x |
| Sun, 12 Dec 2021 | HK$777.1b | HK$731.0b | HK$46.4b | 11x | 16.7x | 1.1x |
| Tue, 09 Nov 2021 | HK$716.9b | HK$723.9b | HK$45.6b | 11.9x | 15.7x | 1x |
| Thu, 07 Oct 2021 | HK$735.9b | HK$737.0b | HK$46.4b | 10.8x | 15.9x | 1x |
| Sat, 04 Sep 2021 | HK$851.5b | HK$734.3b | HK$46.1b | 15.8x | 18.5x | 1.2x |
| Mon, 02 Aug 2021 | HK$755.7b | HK$734.3b | HK$46.1b | 15x | 16.4x | 1x |
Price to Earnings Ratio
16.4x
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 16.3x.
- 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 7.0% per year over the last three years,
- Revenues have also declined 5.6% 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 | -3.89% | |
| Industrials | -2.87% | |
| Machinery | -3.91% | |
| Construction Machinery and Vehicles | -3.15% | |
| Industrial Machinery | -4.47% | |
| Agricultural Machinery | -7.56% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 19.1x.
- Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 6.0% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 18.2x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 6.0% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 3339 Lonking Holdings | HK$1.48 | 1.4% +HK$85.6m | 8.0% | PE9.1x | |
| 2283 TK Group (Holdings) | HK$1.89 | 3.3% +HK$50.0m | 26.8% | PE7.7x | |
| 679 Asia Tele-Net and Technology | HK$0.91 | 4.6% +HK$15.3m | 3.4% | PE1.1x | |
| 1289 Wuxi Sunlit Science and Technology | HK$0.96 | 11.6% +HK$12.8m | 41.2% | PE3.9x | |
| 365 Sino ICT Holdings | HK$0.12 | 5.4% +HK$8.7m | -64.5% | PS0.8x |
