Should You Investigate Sinotruk (Hong Kong) Limited (HKG:3808) At HK$20.50?
Nov 17
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Hong Kong (HSI) Machinery Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies47
- 7D0.6%
- 3M-0.6%
- 1Y7.1%
- YTD7.5%
The Machinery is pretty flat in the last 7 days, but Weichai Power has stood out, gaining 4.1%. The past year has been better, since the industry has gained 4.8% in that time. As for the next few years, earnings are expected to grow by 16% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$635.1b | HK$636.2b | HK$40.6b | 7.3x | 15.6x | 1x |
| Sat, 19 Oct 2024 | HK$661.8b | HK$648.9b | HK$41.4b | 7.7x | 16x | 1x |
| Mon, 16 Sep 2024 | HK$590.4b | HK$652.0b | HK$41.6b | 7x | 14.2x | 0.9x |
| Wed, 14 Aug 2024 | HK$609.7b | HK$627.6b | HK$38.0b | 8.4x | 16x | 1x |
| Fri, 12 Jul 2024 | HK$611.6b | HK$618.3b | HK$37.1b | 8.5x | 16.5x | 1x |
| Sun, 09 Jun 2024 | HK$671.4b | HK$622.1b | HK$37.3b | 9.3x | 18x | 1.1x |
| Tue, 07 May 2024 | HK$692.2b | HK$650.6b | HK$40.0b | 8.9x | 17.3x | 1.1x |
| Thu, 04 Apr 2024 | HK$667.6b | HK$646.0b | HK$39.1b | 8.1x | 17.1x | 1x |
| Sat, 02 Mar 2024 | HK$625.0b | HK$616.3b | HK$36.7b | 9.1x | 17x | 1x |
| Mon, 29 Jan 2024 | HK$595.8b | HK$618.3b | HK$36.8b | 8.7x | 16.2x | 1x |
| Wed, 27 Dec 2023 | HK$554.1b | HK$617.8b | HK$37.9b | 8.8x | 14.6x | 0.9x |
| Fri, 24 Nov 2023 | HK$561.5b | HK$616.9b | HK$37.9b | 9.4x | 14.8x | 0.9x |
| Sun, 22 Oct 2023 | HK$510.5b | HK$594.2b | HK$35.0b | 9.4x | 14.6x | 0.9x |
| Tue, 19 Sep 2023 | HK$538.5b | HK$594.9b | HK$34.8b | 10x | 15.5x | 0.9x |
| Thu, 17 Aug 2023 | HK$540.3b | HK$565.2b | HK$31.0b | 8.9x | 17.4x | 1x |
| Sat, 15 Jul 2023 | HK$579.3b | HK$574.6b | HK$32.5b | 9.4x | 17.8x | 1x |
| Mon, 12 Jun 2023 | HK$533.8b | HK$576.9b | HK$32.7b | 11.2x | 16.3x | 0.9x |
| Wed, 10 May 2023 | HK$587.2b | HK$588.6b | HK$33.2b | 11.9x | 17.7x | 1x |
| Fri, 07 Apr 2023 | HK$572.2b | HK$579.3b | HK$31.3b | 12.6x | 18.3x | 1x |
| Sun, 05 Mar 2023 | HK$588.3b | HK$552.3b | HK$31.1b | 12x | 18.9x | 1.1x |
| Tue, 31 Jan 2023 | HK$617.4b | HK$565.7b | HK$32.0b | 12.3x | 19.3x | 1.1x |
| Thu, 29 Dec 2022 | HK$542.9b | HK$548.4b | HK$31.1b | 11.3x | 17.5x | 1x |
| Sat, 26 Nov 2022 | HK$468.7b | HK$520.8b | HK$28.2b | 11.4x | 16.6x | 0.9x |
| Mon, 24 Oct 2022 | HK$413.0b | HK$514.4b | HK$28.4b | 11x | 14.5x | 0.8x |
| Wed, 21 Sep 2022 | HK$472.2b | HK$526.7b | HK$29.0b | 11.6x | 16.3x | 0.9x |
| Fri, 19 Aug 2022 | HK$528.5b | HK$612.2b | HK$35.7b | 10.5x | 14.8x | 0.9x |
| Sun, 17 Jul 2022 | HK$488.6b | HK$610.7b | HK$35.8b | 10.8x | 13.7x | 0.8x |
| Tue, 14 Jun 2022 | HK$541.5b | HK$613.7b | HK$35.9b | 10.9x | 15.1x | 0.9x |
| Thu, 12 May 2022 | HK$526.6b | HK$652.4b | HK$38.4b | 10x | 13.7x | 0.8x |
| Sat, 09 Apr 2022 | HK$611.8b | HK$712.0b | HK$42.6b | 10x | 14.4x | 0.9x |
| Mon, 07 Mar 2022 | HK$658.4b | HK$746.5b | HK$47.9b | 11.1x | 13.8x | 0.9x |
| Wed, 02 Feb 2022 | HK$659.4b | HK$731.7b | HK$46.4b | 11.3x | 14.2x | 0.9x |
| Fri, 31 Dec 2021 | HK$757.0b | HK$730.9b | HK$46.4b | 11.1x | 16.3x | 1x |
| Sun, 28 Nov 2021 | HK$742.7b | HK$727.8b | HK$46.1b | 11.3x | 16.1x | 1x |
Price to Earnings Ratio
16.1x
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 4.1% per year over the last three years,
- Revenues have also declined 4.4% 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 | 0.42% | |
| Industrials | 0.40% | |
| Machinery | 0.62% | |
| Agricultural Machinery | 5.29% | |
| Construction Machinery and Vehicles | 2.15% | |
| Industrial Machinery | -0.97% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 18.6x.
- Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings growth of 5.0% 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$22.80 | 14.3% +HK$7.9b | 36.7% | PE9.4x | |
| 2338 Weichai Power | HK$11.68 | 5.8% +HK$5.5b | -19.1% | PE8.6x | |
| 669 Techtronic Industries | HK$106.00 | 0.7% +HK$1.3b | 34.9% | PE23.7x | |
| 38 First Tractor | HK$7.15 | 7.8% +HK$584.3m | 65.9% | PE7.4x | |
| 1882 Haitian International Holdings | HK$20.60 | 1.2% +HK$399.0m | 3.6% | PE11x |
