Weichai Power Co., Ltd.'s (HKG:2338) Share Price Could Signal Some Risk
Dec 20
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Hong Kong (HSI) Construction Machinery and Vehicles Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies11
- 7D-0.4%
- 3M2.9%
- 1Y6.7%
- YTDn/a
Over the last 7 days, the Construction Machinery and Vehicles industry has dropped 2.0%, driven by Weichai Power declining 1.6%. Over the past 12 months, the industry was up 5.9%. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Hong Kong Construction Machinery and Vehicles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | HK$291.5b | HK$412.1b | HK$25.0b | 9.2x | 11.7x | 0.7x |
| Mon, 18 Nov 2024 | HK$296.0b | HK$416.7b | HK$25.2b | 8.8x | 11.7x | 0.7x |
| Wed, 16 Oct 2024 | HK$308.6b | HK$426.9b | HK$25.8b | 8.8x | 12x | 0.7x |
| Fri, 13 Sep 2024 | HK$268.5b | HK$428.4b | HK$25.9b | 7.6x | 10.4x | 0.6x |
| Sun, 11 Aug 2024 | HK$292.9b | HK$410.8b | HK$22.8b | 9.5x | 12.8x | 0.7x |
| Tue, 09 Jul 2024 | HK$291.1b | HK$405.5b | HK$22.5b | 9.2x | 12.9x | 0.7x |
| Thu, 06 Jun 2024 | HK$333.5b | HK$432.2b | HK$25.0b | 9.4x | 13.3x | 0.8x |
| Sat, 04 May 2024 | HK$349.9b | HK$433.4b | HK$25.2b | 9.5x | 13.9x | 0.8x |
| Mon, 01 Apr 2024 | HK$337.1b | HK$431.4b | HK$24.6b | 9.2x | 13.7x | 0.8x |
| Wed, 28 Feb 2024 | HK$336.8b | HK$407.4b | HK$22.1b | 10x | 15.3x | 0.8x |
| Fri, 26 Jan 2024 | HK$308.5b | HK$408.3b | HK$22.1b | 8.8x | 14x | 0.8x |
| Sun, 24 Dec 2023 | HK$289.1b | HK$410.2b | HK$22.2b | 9.6x | 13x | 0.7x |
| Tue, 21 Nov 2023 | HK$318.7b | HK$407.0b | HK$22.0b | 12.4x | 14.5x | 0.8x |
| Thu, 19 Oct 2023 | HK$298.5b | HK$386.4b | HK$19.4b | 12.4x | 15.4x | 0.8x |
| Sat, 16 Sep 2023 | HK$302.0b | HK$388.5b | HK$19.5b | 13.4x | 15.5x | 0.8x |
| Mon, 14 Aug 2023 | HK$307.1b | HK$359.4b | HK$15.9b | 14.5x | 19.3x | 0.9x |
| Wed, 12 Jul 2023 | HK$325.4b | HK$361.6b | HK$16.0b | 16.2x | 20.3x | 0.9x |
| Fri, 09 Jun 2023 | HK$295.0b | HK$365.7b | HK$16.2b | 15.4x | 18.2x | 0.8x |
| Sun, 07 May 2023 | HK$330.1b | HK$376.3b | HK$16.5b | 17.9x | 20x | 0.9x |
| Tue, 04 Apr 2023 | HK$310.9b | HK$364.3b | HK$14.5b | 16.6x | 21.4x | 0.9x |
| Thu, 02 Mar 2023 | HK$310.7b | HK$336.7b | HK$13.9b | 15.9x | 22.3x | 0.9x |
| Sat, 28 Jan 2023 | HK$309.0b | HK$339.1b | HK$13.8b | 15.9x | 22.3x | 0.9x |
| Mon, 26 Dec 2022 | HK$272.4b | HK$328.2b | HK$13.4b | 17x | 20.3x | 0.8x |
| Wed, 23 Nov 2022 | HK$198.8b | HK$301.0b | HK$10.5b | 15.3x | 19x | 0.7x |
| Fri, 21 Oct 2022 | HK$176.7b | HK$297.0b | HK$10.9b | 14.6x | 16.2x | 0.6x |
| Sun, 18 Sep 2022 | HK$196.4b | HK$307.1b | HK$11.3b | 14.6x | 17.4x | 0.6x |
| Tue, 16 Aug 2022 | HK$220.2b | HK$394.5b | HK$17.6b | 14.6x | 12.5x | 0.6x |
| Thu, 14 Jul 2022 | HK$225.8b | HK$396.1b | HK$17.7b | 14.2x | 12.8x | 0.6x |
| Sat, 11 Jun 2022 | HK$229.8b | HK$398.0b | HK$17.7b | 14.9x | 12.9x | 0.6x |
| Mon, 09 May 2022 | HK$233.9b | HK$440.5b | HK$20.4b | 14.2x | 11.4x | 0.5x |
| Wed, 06 Apr 2022 | HK$282.0b | HK$492.8b | HK$24.2b | 14.2x | 11.6x | 0.6x |
| Fri, 04 Mar 2022 | HK$302.1b | HK$539.0b | HK$29.7b | 14.7x | 10.2x | 0.6x |
| Sun, 30 Jan 2022 | HK$298.0b | HK$533.9b | HK$29.4b | 15.1x | 10.1x | 0.6x |
| Tue, 28 Dec 2021 | HK$333.3b | HK$534.2b | HK$29.5b | 14.8x | 11.3x | 0.6x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Construction Machinery and Heavy Trucks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.7x which is lower than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- The earnings for companies in the Construction Machinery and Heavy Trucks industry have declined 5.4% per year over the last three years,
- Revenues have also declined 8.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Construction Machinery and Vehicles compare with similar industries?
| 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 PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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% | PE68.7x | |
| 1786 CRCC High-Tech Equipment | HK$0.77 | 2.7% +HK$30.4m | 20.3% | PE6.8x | |
| 1536 Yuk Wing Group Holdings | HK$0.14 | 3.8% +HK$1.9m | 34.0% | PS0.3x |
