Returns On Capital At Sinotruk (Hong Kong) (HKG:3808) Paint A Concerning Picture
May 21
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Hong Kong (HSI) Machinery Industry Analysis
UpdatedMay 24, 2025
DataAggregated Company Financials
Companies52
- 7D0.3%
- 3M-2.2%
- 1Y-7.6%
- YTD11.0%
The Machinery is pretty flat in the last 7 days, but Weichai Power has stood out, gaining 4.1%. As for the longer term, the industry has declined 7.6% in the last year. Earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Sat, 24 May 2025 | HK$692.5b | HK$661.5b | HK$41.1b | 9.4x | 16.9x | 1x |
| Mon, 21 Apr 2025 | HK$613.3b | HK$644.7b | HK$40.2b | 8.8x | 15.2x | 1x |
| Wed, 19 Mar 2025 | HK$733.6b | HK$645.5b | HK$41.2b | 9.2x | 17.8x | 1.1x |
| Fri, 14 Feb 2025 | HK$673.2b | HK$636.0b | HK$39.8b | 8x | 16.9x | 1.1x |
| Sun, 12 Jan 2025 | HK$627.7b | HK$633.3b | HK$39.7b | 7.4x | 15.8x | 1x |
| Tue, 10 Dec 2024 | HK$657.7b | HK$634.8b | HK$40.4b | 7.9x | 16.3x | 1x |
| Thu, 07 Nov 2024 | HK$651.8b | HK$639.6b | HK$40.8b | 7.6x | 16x | 1x |
| Sat, 05 Oct 2024 | HK$727.9b | HK$652.3b | HK$41.6b | 8x | 17.5x | 1.1x |
| Mon, 02 Sep 2024 | HK$613.0b | HK$652.1b | HK$41.6b | 7.3x | 14.8x | 0.9x |
| Wed, 31 Jul 2024 | HK$610.5b | HK$620.3b | HK$37.2b | 9x | 16.4x | 1x |
| Fri, 28 Jun 2024 | HK$652.7b | HK$618.0b | HK$37.0b | 9.2x | 17.6x | 1.1x |
| Sun, 26 May 2024 | HK$696.8b | HK$648.0b | HK$39.7b | 9.3x | 17.5x | 1.1x |
| Tue, 23 Apr 2024 | HK$686.4b | HK$646.0b | HK$39.1b | 8.3x | 17.6x | 1.1x |
| Thu, 21 Mar 2024 | HK$718.6b | HK$621.1b | HK$36.9b | 8.8x | 19.5x | 1.2x |
| Sat, 17 Feb 2024 | HK$593.3b | HK$620.8b | HK$36.9b | 8.8x | 16.1x | 1x |
| Mon, 15 Jan 2024 | HK$593.5b | HK$617.6b | HK$36.7b | 9.1x | 16.2x | 1x |
| Wed, 13 Dec 2023 | HK$543.0b | HK$615.1b | HK$37.7b | 9.1x | 14.4x | 0.9x |
| Fri, 10 Nov 2023 | HK$532.1b | HK$608.9b | HK$37.5b | 8.8x | 14.2x | 0.9x |
| Sun, 08 Oct 2023 | HK$527.7b | HK$595.6b | HK$35.1b | 9.4x | 15x | 0.9x |
| Tue, 05 Sep 2023 | HK$558.0b | HK$597.6b | HK$34.9b | 9.9x | 16x | 0.9x |
| Thu, 03 Aug 2023 | HK$601.3b | HK$571.1b | HK$32.3b | 9.6x | 18.6x | 1.1x |
| Sat, 01 Jul 2023 | HK$566.2b | HK$568.2b | HK$32.2b | 10.5x | 17.6x | 1x |
| Mon, 29 May 2023 | HK$540.2b | HK$580.6b | HK$32.9b | 11.1x | 16.4x | 0.9x |
| Wed, 26 Apr 2023 | HK$547.3b | HK$576.6b | HK$31.8b | 12.2x | 17.2x | 0.9x |
| Fri, 24 Mar 2023 | HK$577.8b | HK$554.8b | HK$30.4b | 13.6x | 19x | 1x |
| Sun, 19 Feb 2023 | HK$609.7b | HK$558.2b | HK$31.6b | 12x | 19.3x | 1.1x |
| Tue, 17 Jan 2023 | HK$612.4b | HK$564.4b | HK$31.9b | 11.7x | 19.2x | 1.1x |
| Thu, 15 Dec 2022 | HK$576.3b | HK$548.7b | HK$31.1b | 11.9x | 18.5x | 1.1x |
| Sat, 12 Nov 2022 | HK$465.7b | HK$520.1b | HK$28.1b | 10.7x | 16.5x | 0.9x |
| Mon, 10 Oct 2022 | HK$421.5b | HK$520.9b | HK$28.7b | 11.1x | 14.7x | 0.8x |
| Wed, 07 Sep 2022 | HK$491.1b | HK$540.7b | HK$29.3b | 11.6x | 16.8x | 0.9x |
| Fri, 05 Aug 2022 | HK$499.1b | HK$610.6b | HK$35.8b | 11.2x | 13.9x | 0.8x |
| Sun, 03 Jul 2022 | HK$514.2b | HK$614.3b | HK$36.0b | 11x | 14.3x | 0.8x |
| Tue, 31 May 2022 | HK$533.4b | HK$614.3b | HK$35.9b | 10.7x | 14.9x | 0.9x |
Price to Earnings Ratio
14.9x
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 16.5x.
- The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 4.6% per year over the last three years.
- Revenues for these companies have grown 2.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 1.79% | |
| Industrials | 1.17% | |
| Machinery | 0.33% | |
| Construction Machinery and Vehicles | 3.32% | |
| Agricultural Machinery | -1.46% | |
| Industrial Machinery | -2.54% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 18.8x.
- Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings growth of 6.0% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 15.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| 2338 Weichai Power | HK$15.38 | 4.1% +HK$5.2b | 3.9% | PE10.6x | |
| 2570 Shanghai REFIRE Group | HK$258.40 | 12.7% +HK$2.5b | n/a | PS31.5x | |
| 1333 Breton Technology | HK$33.20 | 17.3% +HK$1.9b | n/a | PS18.2x | |
| 3808 Sinotruk (Hong Kong) | HK$19.70 | 1.8% +HK$938.7m | 5.6% | PE8.5x | |
| 3898 Zhuzhou CRRC Times Electric | HK$33.60 | 1.7% +HK$683.2m | 10.0% | PE11.1x |
