Returns On Capital At Hebei Yichen Industrial Group (HKG:1596) Paint A Concerning Picture
Feb 21
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Hong Kong (HSI) Machinery Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies51
- 7D2.7%
- 3M7.1%
- 1Y9.0%
- YTD10.4%
In the last week, the Machinery industry is up 2.7%, with Ubtech Robotics up 26%. This means that the industry has gained 9.0% over 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, 21 Feb 2025 | HK$689.9b | HK$637.4b | HK$39.9b | 8.4x | 17.3x | 1.1x |
| Sun, 19 Jan 2025 | HK$653.7b | HK$633.6b | HK$39.7b | 7.6x | 16.5x | 1x |
| Tue, 17 Dec 2024 | HK$634.1b | HK$633.6b | HK$40.3b | 7.7x | 15.7x | 1x |
| Thu, 14 Nov 2024 | HK$638.9b | HK$637.7b | HK$40.6b | 7.5x | 15.7x | 1x |
| Sat, 12 Oct 2024 | HK$686.1b | HK$651.3b | HK$41.6b | 7.7x | 16.5x | 1.1x |
| Mon, 09 Sep 2024 | HK$594.7b | HK$652.1b | HK$41.6b | 7.3x | 14.3x | 0.9x |
| Wed, 07 Aug 2024 | HK$603.5b | HK$626.4b | HK$37.5b | 8.4x | 16.1x | 1x |
| Fri, 05 Jul 2024 | HK$630.8b | HK$618.0b | HK$37.1b | 8.7x | 17x | 1x |
| Sun, 02 Jun 2024 | HK$686.7b | HK$648.6b | HK$39.8b | 8.9x | 17.3x | 1.1x |
| Tue, 30 Apr 2024 | HK$672.9b | HK$646.2b | HK$39.1b | 8.3x | 17.2x | 1x |
| Thu, 28 Mar 2024 | HK$710.1b | HK$645.3b | HK$39.9b | 8.8x | 17.8x | 1.1x |
| Sat, 24 Feb 2024 | HK$611.5b | HK$615.6b | HK$36.6b | 9.1x | 16.7x | 1x |
| Mon, 22 Jan 2024 | HK$567.8b | HK$618.1b | HK$36.8b | 8.5x | 15.4x | 0.9x |
| Wed, 20 Dec 2023 | HK$549.6b | HK$616.6b | HK$37.8b | 8.8x | 14.5x | 0.9x |
| Fri, 17 Nov 2023 | HK$563.3b | HK$609.6b | HK$37.5b | 9.4x | 15x | 0.9x |
| Sun, 15 Oct 2023 | HK$532.3b | HK$594.8b | HK$35.1b | 9.7x | 15.2x | 0.9x |
| Tue, 12 Sep 2023 | HK$548.7b | HK$595.7b | HK$34.8b | 9.4x | 15.8x | 0.9x |
| Thu, 10 Aug 2023 | HK$592.9b | HK$570.8b | HK$32.3b | 9.8x | 18.3x | 1x |
| Sat, 08 Jul 2023 | HK$562.9b | HK$570.4b | HK$32.3b | 9.7x | 17.4x | 1x |
| Mon, 05 Jun 2023 | HK$534.2b | HK$579.6b | HK$32.8b | 11.3x | 16.3x | 0.9x |
| Wed, 03 May 2023 | HK$571.9b | HK$589.8b | HK$33.2b | 11.9x | 17.2x | 1x |
| Fri, 31 Mar 2023 | HK$578.5b | HK$553.6b | HK$30.5b | 13x | 18.9x | 1x |
| Sun, 26 Feb 2023 | HK$567.2b | HK$553.4b | HK$31.3b | 11.9x | 18.1x | 1x |
| Tue, 24 Jan 2023 | HK$606.1b | HK$563.4b | HK$31.9b | 12.4x | 19x | 1.1x |
| Thu, 22 Dec 2022 | HK$546.8b | HK$548.5b | HK$31.1b | 11.4x | 17.6x | 1x |
| Sat, 19 Nov 2022 | HK$475.8b | HK$521.6b | HK$28.2b | 11x | 16.9x | 0.9x |
| Mon, 17 Oct 2022 | HK$411.3b | HK$516.9b | HK$28.5b | 10.9x | 14.4x | 0.8x |
| Wed, 14 Sep 2022 | HK$501.2b | HK$531.0b | HK$29.2b | 11.6x | 17.1x | 0.9x |
| Fri, 12 Aug 2022 | HK$520.7b | HK$617.8b | HK$36.3b | 11.1x | 14.3x | 0.8x |
| Sun, 10 Jul 2022 | HK$524.7b | HK$615.0b | HK$36.0b | 10.8x | 14.6x | 0.9x |
| Tue, 07 Jun 2022 | HK$547.8b | HK$616.8b | HK$36.0b | 10.6x | 15.2x | 0.9x |
| Thu, 05 May 2022 | HK$547.5b | HK$661.8b | HK$38.8b | 9.9x | 14.1x | 0.8x |
| Sat, 02 Apr 2022 | HK$639.0b | HK$712.7b | HK$43.6b | 10.3x | 14.6x | 0.9x |
| Mon, 28 Feb 2022 | HK$666.7b | HK$736.8b | HK$46.7b | 11.2x | 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 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 5.1% 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 | 3.24% | |
| Industrials | 1.03% | |
| Machinery | 2.68% | |
| Industrial Machinery | 4.01% | |
| Construction Machinery and Vehicles | 1.50% | |
| Agricultural Machinery | -2.34% | |
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 18.5%, 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 16.1x.
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 | |
|---|---|---|---|---|---|
| 9880 Ubtech Robotics | HK$102.40 | 26.0% +HK$9.1b | 12.3% | PS32.2x | |
| 2338 Weichai Power | HK$14.64 | 3.7% +HK$4.5b | -4.4% | PE10.8x | |
| 669 Techtronic Industries | HK$109.50 | 1.5% +HK$2.9b | 28.1% | PE24.6x | |
| 2570 Shanghai REFIRE Group | HK$254.80 | 10.2% +HK$2.0b | n/a | PS22.9x | |
| 3898 Zhuzhou CRRC Times Electric | HK$31.85 | 4.3% +HK$1.8b | 52.4% | PE11.6x |
