Returns On Capital At Hebei Yichen Industrial Group (HKG:1596) Paint A Concerning Picture
Feb 21
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Hong Kong (HSI) Construction Machinery and Vehicles Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies12
- 7D1.5%
- 3M10.1%
- 1Y0.6%
- YTDn/a
In the last week, the Construction Machinery and Vehicles industry is up 3.7%, with Shanghai REFIRE Group leading the way, up 6.7%. This takes the industry's 12 month performance to a gain of 4.8%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | HK$323.7b | HK$415.5b | HK$24.5b | 9.5x | 13.2x | 0.8x |
| Sun, 19 Jan 2025 | HK$319.2b | HK$412.3b | HK$24.4b | 9.8x | 13.1x | 0.8x |
| Tue, 17 Dec 2024 | HK$290.8b | HK$413.1b | HK$25.0b | 9.3x | 11.6x | 0.7x |
| Thu, 14 Nov 2024 | HK$298.9b | HK$417.5b | HK$25.3b | 8.9x | 11.8x | 0.7x |
| Sat, 12 Oct 2024 | HK$327.3b | HK$429.6b | HK$26.0b | 9.3x | 12.6x | 0.8x |
| Mon, 09 Sep 2024 | HK$277.6b | HK$429.9b | HK$26.0b | 8x | 10.7x | 0.6x |
| Wed, 07 Aug 2024 | HK$296.6b | HK$412.0b | HK$22.9b | 9.3x | 13x | 0.7x |
| Fri, 05 Jul 2024 | HK$301.7b | HK$405.4b | HK$22.5b | 9.7x | 13.4x | 0.7x |
| Sun, 02 Jun 2024 | HK$335.3b | HK$433.1b | HK$25.1b | 9.8x | 13.4x | 0.8x |
| Tue, 30 Apr 2024 | HK$352.0b | HK$430.6b | HK$24.4b | 9.3x | 14.4x | 0.8x |
| Thu, 28 Mar 2024 | HK$330.3b | HK$429.7b | HK$25.3b | 10.2x | 13x | 0.8x |
| Sat, 24 Feb 2024 | HK$325.1b | HK$407.0b | HK$22.0b | 9.4x | 14.8x | 0.8x |
| Mon, 22 Jan 2024 | HK$287.1b | HK$409.2b | HK$22.1b | 8.5x | 13x | 0.7x |
| Wed, 20 Dec 2023 | HK$287.4b | HK$409.1b | HK$22.1b | 9.7x | 13x | 0.7x |
| Fri, 17 Nov 2023 | HK$314.3b | HK$402.7b | HK$21.8b | 12.7x | 14.4x | 0.8x |
| Sun, 15 Oct 2023 | HK$300.8b | HK$386.8b | HK$19.4b | 12.9x | 15.5x | 0.8x |
| Tue, 12 Sep 2023 | HK$309.1b | HK$387.7b | HK$19.4b | 13.6x | 15.9x | 0.8x |
| Thu, 10 Aug 2023 | HK$316.0b | HK$360.8b | HK$16.0b | 14.9x | 19.8x | 0.9x |
| Sat, 08 Jul 2023 | HK$317.0b | HK$360.6b | HK$16.0b | 15.9x | 19.8x | 0.9x |
| Mon, 05 Jun 2023 | HK$300.6b | HK$368.1b | HK$16.3b | 15.3x | 18.4x | 0.8x |
| Wed, 03 May 2023 | HK$309.9b | HK$376.3b | HK$16.5b | 16.3x | 18.8x | 0.8x |
| Fri, 31 Mar 2023 | HK$307.1b | HK$338.6b | HK$14.4b | 14.2x | 21.3x | 0.9x |
| Sun, 26 Feb 2023 | HK$306.2b | HK$331.6b | HK$13.5b | 15.3x | 22.6x | 0.9x |
| Tue, 24 Jan 2023 | HK$306.8b | HK$339.2b | HK$13.8b | 16x | 22.2x | 0.9x |
| Thu, 22 Dec 2022 | HK$279.5b | HK$328.3b | HK$13.4b | 17.1x | 20.9x | 0.9x |
| Sat, 19 Nov 2022 | HK$199.3b | HK$302.3b | HK$10.5b | 15.3x | 18.9x | 0.7x |
| Mon, 17 Oct 2022 | HK$175.9b | HK$298.6b | HK$10.9b | 15x | 16.1x | 0.6x |
| Wed, 14 Sep 2022 | HK$208.7b | HK$309.9b | HK$11.4b | 15.3x | 18.4x | 0.7x |
| Fri, 12 Aug 2022 | HK$222.2b | HK$396.1b | HK$17.7b | 14.7x | 12.6x | 0.6x |
| Sun, 10 Jul 2022 | HK$238.3b | HK$397.9b | HK$17.8b | 14.9x | 13.4x | 0.6x |
| Tue, 07 Jun 2022 | HK$234.7b | HK$399.8b | HK$17.8b | 15x | 13.2x | 0.6x |
| Thu, 05 May 2022 | HK$241.6b | HK$444.2b | HK$20.6b | 14.3x | 11.7x | 0.5x |
| Sat, 02 Apr 2022 | HK$283.3b | HK$494.5b | HK$24.3b | 14.1x | 11.7x | 0.6x |
| Mon, 28 Feb 2022 | HK$298.6b | HK$539.1b | HK$29.7b | 14.7x | 10x | 0.6x |
Price to Earnings Ratio
10x
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 13.2x which is lower than its 3-year average PE of 15.2x.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Construction Machinery and Heavy Trucks industry have declined 6.3% per year over the last three years,
- Revenues have also declined 8.4% 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 | 3.24% | |
| Industrials | 1.03% | |
| Machinery | 2.68% | |
| Construction Machinery and Vehicles | 1.50% | |
| Industrial Machinery | 4.01% | |
| Agricultural Machinery | -2.34% | |
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 | |
|---|---|---|---|---|---|
| 2338 Weichai Power | HK$14.64 | 3.7% +HK$4.5b | -4.4% | PE10.8x | |
| 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 | |
| 317 CSSC Offshore & Marine Engineering (Group) | HK$9.20 | 1.7% +HK$212.0m | -14.2% | PE57.4x | |
| 1536 Yuk Wing Group Holdings | HK$0.10 | 14.9% +HK$5.9m | -2.0% | PS0.2x |
