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Hong Kong (HSI) Machinery Industry Analysis
UpdatedAug 06, 2024
DataAggregated Company Financials
Companies47
- 7D-3.0%
- 3M-18.8%
- 1Y-1.6%
- YTD3.7%
Over the last 7 days, the Machinery industry has dropped 3.0%, driven by pullbacks in Weichai Power and Techtronic Industries of 7.2% and 3.7%, respectively. Over the last year, the industry has been flat overall. 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 |
|---|---|---|---|---|---|---|
| Tue, 06 Aug 2024 | HK$606.5b | HK$626.2b | HK$37.5b | 8.3x | 16.2x | 1x |
| Thu, 04 Jul 2024 | HK$637.3b | HK$618.0b | HK$37.1b | 8.9x | 17.2x | 1x |
| Sat, 01 Jun 2024 | HK$686.5b | HK$648.5b | HK$39.8b | 8.9x | 17.3x | 1.1x |
| Mon, 29 Apr 2024 | HK$678.5b | HK$646.0b | HK$39.1b | 8.3x | 17.3x | 1.1x |
| Wed, 27 Mar 2024 | HK$717.7b | HK$645.8b | HK$40.0b | 8.8x | 17.9x | 1.1x |
| Fri, 23 Feb 2024 | HK$611.5b | HK$615.9b | HK$36.6b | 9.1x | 16.7x | 1x |
| Sun, 21 Jan 2024 | HK$567.2b | HK$619.6b | HK$36.8b | 8.5x | 15.4x | 0.9x |
| Tue, 19 Dec 2023 | HK$552.4b | HK$616.8b | HK$37.8b | 8.9x | 14.6x | 0.9x |
| Thu, 16 Nov 2023 | HK$562.7b | HK$611.0b | HK$37.6b | 9.4x | 15x | 0.9x |
| Sat, 14 Oct 2023 | HK$532.3b | HK$594.8b | HK$35.1b | 9.7x | 15.2x | 0.9x |
| Mon, 11 Sep 2023 | HK$538.4b | HK$593.4b | HK$34.7b | 10.3x | 15.5x | 0.9x |
| Wed, 09 Aug 2023 | HK$597.6b | HK$569.5b | HK$32.2b | 9.8x | 18.6x | 1x |
| Fri, 07 Jul 2023 | HK$572.4b | HK$568.3b | HK$32.2b | 9.9x | 17.8x | 1x |
| Sun, 04 Jun 2023 | HK$534.2b | HK$579.6b | HK$32.8b | 11.3x | 16.3x | 0.9x |
| Tue, 02 May 2023 | HK$571.9b | HK$589.8b | HK$33.2b | 12.4x | 17.2x | 1x |
| Thu, 30 Mar 2023 | HK$581.1b | HK$552.1b | HK$30.5b | 12.7x | 19x | 1.1x |
| Sat, 25 Feb 2023 | HK$568.5b | HK$554.0b | HK$31.4b | 11.9x | 18.1x | 1x |
| Mon, 23 Jan 2023 | HK$606.0b | HK$563.1b | HK$31.8b | 12.4x | 19x | 1.1x |
| Wed, 21 Dec 2022 | HK$552.2b | HK$548.4b | HK$31.1b | 11.4x | 17.8x | 1x |
| Fri, 18 Nov 2022 | HK$478.9b | HK$525.2b | HK$28.4b | 11x | 16.9x | 0.9x |
| Sun, 16 Oct 2022 | HK$411.3b | HK$516.9b | HK$28.5b | 10.9x | 14.4x | 0.8x |
| Tue, 13 Sep 2022 | HK$501.2b | HK$531.0b | HK$29.2b | 11.6x | 17.1x | 0.9x |
| Thu, 11 Aug 2022 | HK$495.7b | HK$611.0b | HK$35.8b | 10.8x | 13.8x | 0.8x |
| Sat, 09 Jul 2022 | HK$524.5b | HK$614.4b | HK$36.0b | 10.8x | 14.6x | 0.9x |
| Mon, 06 Jun 2022 | HK$540.1b | HK$616.8b | HK$36.0b | 10.8x | 15x | 0.9x |
| Wed, 04 May 2022 | HK$555.3b | HK$661.7b | HK$38.8b | 9.9x | 14.3x | 0.8x |
| Fri, 01 Apr 2022 | HK$645.5b | HK$759.7b | HK$48.7b | 10.2x | 13.3x | 0.8x |
| Sun, 27 Feb 2022 | HK$666.7b | HK$736.8b | HK$46.7b | 11.2x | 14.3x | 0.9x |
| Tue, 25 Jan 2022 | HK$693.0b | HK$732.7b | HK$46.5b | 11.1x | 14.9x | 0.9x |
| Thu, 23 Dec 2021 | HK$756.6b | HK$731.0b | HK$46.4b | 10.8x | 16.3x | 1x |
| Sat, 20 Nov 2021 | HK$753.1b | HK$727.5b | HK$46.0b | 12x | 16.4x | 1x |
| Mon, 18 Oct 2021 | HK$739.4b | HK$737.5b | HK$46.4b | 11x | 15.9x | 1x |
| Wed, 15 Sep 2021 | HK$803.9b | HK$734.2b | HK$46.1b | 15.4x | 17.4x | 1.1x |
| Fri, 13 Aug 2021 | HK$831.8b | HK$734.3b | HK$46.1b | 15.6x | 18x | 1.1x |
Price to Earnings Ratio
18x
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 16.3x.
- The industry is trading close to its 3-year average PS ratio of 0.96x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 6.7% per year over the last three years,
- Revenues have also declined 5.2% 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 | -2.82% | |
| Industrials | -1.75% | |
| Machinery | -2.98% | |
| Industrial Machinery | -2.53% | |
| Agricultural Machinery | -2.67% | |
| Construction Machinery and Vehicles | -3.45% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 19.1x.
- Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 9.0% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 18.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 9.0% per year.
- In contrast, the Agricultural Machinery 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 | |
|---|---|---|---|---|---|
| 3898 Zhuzhou CRRC Times Electric | HK$29.90 | 6.0% +HK$2.4b | 5.5% | PE11.9x | |
| 1882 Haitian International Holdings | HK$21.95 | 4.5% +HK$1.5b | 13.1% | PE12.9x | |
| 9880 Ubtech Robotics | HK$103.00 | 3.2% +HK$1.5b | n/a | PS37.5x | |
| 3808 Sinotruk (Hong Kong) | HK$19.22 | 1.3% +HK$662.6m | 20.7% | PE9.1x | |
| 38 First Tractor | HK$6.55 | 2.7% +HK$191.0m | 79.9% | PE6.1x |
