Here's Why Techtronic Industries (HKG:669) Can Manage Its Debt Responsibly
Apr 09
Hong Kong (HSI) Industrial Machinery Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies33
- 7D-6.3%
- 3M27.0%
- 1Y10.0%
- YTDn/a
Over the last 7 days, the Industrial Machinery industry has dropped 6.3%, driven by Techtronic Industries declining 8.4%. Over the past 12 months, the industry was up 10%. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Hong Kong Industrial Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | HK$294.4b | HK$200.4b | HK$13.5b | 7.5x | 21.8x | 1.5x |
| Thu, 21 Mar 2024 | HK$371.2b | HK$197.8b | HK$13.8b | 8.5x | 27x | 1.9x |
| Sat, 17 Feb 2024 | HK$266.9b | HK$193.3b | HK$13.6b | 8.5x | 19.6x | 1.4x |
| Mon, 15 Jan 2024 | HK$277.5b | HK$192.9b | HK$13.6b | 8.7x | 20.4x | 1.4x |
| Wed, 13 Dec 2023 | HK$230.9b | HK$191.6b | HK$14.7b | 8.2x | 15.7x | 1.2x |
| Fri, 10 Nov 2023 | HK$221.5b | HK$191.9b | HK$14.8b | 8.6x | 15x | 1.2x |
| Sun, 08 Oct 2023 | HK$217.5b | HK$192.3b | HK$14.8b | 7.4x | 14.7x | 1.1x |
| Tue, 05 Sep 2023 | HK$232.8b | HK$192.3b | HK$14.5b | 8.4x | 16x | 1.2x |
| Thu, 03 Aug 2023 | HK$262.7b | HK$194.4b | HK$15.6b | 8.2x | 16.8x | 1.4x |
| Sat, 01 Jul 2023 | HK$243.8b | HK$194.5b | HK$15.6b | 8.2x | 15.6x | 1.3x |
| Mon, 29 May 2023 | HK$226.7b | HK$196.0b | HK$15.8b | 9.2x | 14.3x | 1.2x |
| Wed, 26 Apr 2023 | HK$240.6b | HK$197.5b | HK$16.0b | 9.5x | 15x | 1.2x |
| Fri, 24 Mar 2023 | HK$261.1b | HK$199.8b | HK$15.6b | 9.2x | 16.8x | 1.3x |
| Sun, 19 Feb 2023 | HK$292.9b | HK$207.9b | HK$17.2b | 10.4x | 17x | 1.4x |
| Tue, 17 Jan 2023 | HK$296.5b | HK$208.4b | HK$17.3b | 10.4x | 17.1x | 1.4x |
| Thu, 15 Dec 2022 | HK$275.2b | HK$205.6b | HK$17.0b | 10x | 16.2x | 1.3x |
| Sat, 12 Nov 2022 | HK$260.1b | HK$205.2b | HK$17.1b | 9.8x | 15.2x | 1.3x |
| Mon, 10 Oct 2022 | HK$236.1b | HK$206.2b | HK$17.2b | 9.4x | 13.7x | 1.1x |
| Wed, 07 Sep 2022 | HK$272.0b | HK$207.7b | HK$17.4b | 10.4x | 15.6x | 1.3x |
| Fri, 05 Aug 2022 | HK$273.5b | HK$203.0b | HK$17.7b | 10.2x | 15.5x | 1.3x |
| Sun, 03 Jul 2022 | HK$265.2b | HK$203.4b | HK$17.7b | 10.2x | 15x | 1.3x |
| Tue, 31 May 2022 | HK$296.1b | HK$203.1b | HK$17.6b | 10x | 16.8x | 1.5x |
| Thu, 28 Apr 2022 | HK$302.9b | HK$204.3b | HK$17.8b | 8.9x | 17.1x | 1.5x |
| Sat, 26 Mar 2022 | HK$341.0b | HK$200.2b | HK$17.3b | 10.3x | 19.7x | 1.7x |
| Mon, 21 Feb 2022 | HK$360.9b | HK$184.7b | HK$16.4b | 11.3x | 22x | 2x |
| Wed, 19 Jan 2022 | HK$377.6b | HK$184.4b | HK$16.4b | 11.1x | 23.1x | 2x |
| Fri, 17 Dec 2021 | HK$440.1b | HK$184.3b | HK$16.4b | 11.6x | 26.8x | 2.4x |
| Sun, 14 Nov 2021 | HK$426.2b | HK$182.4b | HK$16.1b | 11.6x | 26.5x | 2.3x |
| Tue, 12 Oct 2021 | HK$392.0b | HK$180.4b | HK$15.7b | 10.8x | 24.9x | 2.2x |
| Thu, 09 Sep 2021 | HK$452.8b | HK$180.0b | HK$15.6b | 13.3x | 29x | 2.5x |
| Sat, 07 Aug 2021 | HK$402.7b | HK$180.1b | HK$15.6b | 13x | 25.8x | 2.2x |
| Fri, 30 Apr 2021 | HK$371.4b | HK$160.7b | HK$13.4b | 15.2x | 27.6x | 2.3x |
Price to Earnings Ratio
27.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Industrial Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.8x which is higher than its 3-year average PE of 19.3x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Industrial Machinery industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Hong Kong Industrial Machinery compare with similar industries?
| HK Market | -0.66% | |
| Industrials | -1.15% | |
| Machinery | -1.29% | |
| Industrial Machinery | -6.28% | |
| Agricultural Machinery | 5.61% | |
| Construction Machinery and Vehicles | 2.71% | |
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 | |
|---|---|---|---|---|---|
| 9880 Ubtech Robotics | HK$172.10 | 10.4% +HK$1.9b | n/a | PS17.8x | |
| 669 Techtronic Industries | HK$105.00 | 0.8% +HK$1.5b | 31.7% | PE25.2x | |
| 1882 Haitian International Holdings | HK$25.25 | 2.2% +HK$877.8m | 25.9% | PE15x | |
| 3899 CIMC Enric Holdings | HK$7.76 | 2.5% +HK$385.4m | 11.2% | PE13.1x | |
| 2155 Morimatsu International Holdings | HK$4.33 | 3.6% +HK$178.5m | -48.2% | PE5.6x |
