Estimating The Intrinsic Value Of China PengFei Group Limited (HKG:3348)
Jun 13
Hong Kong (HSI) Machinery Industry Analysis
UpdatedJun 16, 2024
DataAggregated Company Financials
Companies46
- 7D-1.2%
- 3M-3.0%
- 1Y10.7%
- YTD15.8%
Over the last 7 days, the Machinery industry has dropped 1.2%, driven by Weichai Power declining 3.6%. On the other hand Ubtech Robotics is actually up 6.3%. Over the past 12 months, the industry was up 11%. 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 |
|---|---|---|---|---|---|---|
| Sun, 16 Jun 2024 | HK$666.9b | HK$621.5b | HK$37.3b | 9.1x | 17.9x | 1.1x |
| Tue, 14 May 2024 | HK$714.2b | HK$648.8b | HK$39.9b | 9.5x | 17.9x | 1.1x |
| Thu, 11 Apr 2024 | HK$683.3b | HK$646.5b | HK$39.1b | 8.1x | 17.5x | 1.1x |
| Sat, 09 Mar 2024 | HK$685.5b | HK$621.2b | HK$36.7b | 9.3x | 18.7x | 1.1x |
| Mon, 05 Feb 2024 | HK$577.3b | HK$615.8b | HK$36.6b | 8.7x | 15.8x | 0.9x |
| Wed, 03 Jan 2024 | HK$604.2b | HK$618.9b | HK$36.8b | 8.9x | 16.4x | 1x |
| Fri, 01 Dec 2023 | HK$562.6b | HK$617.5b | HK$37.9b | 9.4x | 14.8x | 0.9x |
| Sun, 29 Oct 2023 | HK$534.1b | HK$595.0b | HK$35.3b | 9.1x | 15.1x | 0.9x |
| Tue, 26 Sep 2023 | HK$541.4b | HK$593.8b | HK$34.7b | 9.5x | 15.6x | 0.9x |
| Thu, 24 Aug 2023 | HK$536.2b | HK$566.3b | HK$31.2b | 10x | 17.2x | 0.9x |
| Sat, 22 Jul 2023 | HK$573.2b | HK$572.2b | HK$32.4b | 9.1x | 17.7x | 1x |
| Mon, 19 Jun 2023 | HK$565.1b | HK$575.7b | HK$32.6b | 11.3x | 17.3x | 1x |
| Wed, 17 May 2023 | HK$577.1b | HK$587.1b | HK$33.2b | 11.7x | 17.4x | 1x |
| Fri, 14 Apr 2023 | HK$562.8b | HK$578.7b | HK$31.3b | 12.6x | 18x | 1x |
| Sun, 12 Mar 2023 | HK$570.6b | HK$552.3b | HK$31.2b | 11.9x | 18.3x | 1x |
| Tue, 07 Feb 2023 | HK$618.0b | HK$563.5b | HK$31.8b | 11.4x | 19.4x | 1.1x |
| Thu, 05 Jan 2023 | HK$557.0b | HK$555.7b | HK$31.5b | 11.7x | 17.7x | 1x |
| Sat, 03 Dec 2022 | HK$566.8b | HK$543.7b | HK$30.9b | 11.9x | 18.4x | 1x |
| Mon, 31 Oct 2022 | HK$413.9b | HK$517.6b | HK$28.7b | 10.3x | 14.4x | 0.8x |
| Wed, 28 Sep 2022 | HK$441.0b | HK$519.5b | HK$28.7b | 11.6x | 15.4x | 0.8x |
| Fri, 26 Aug 2022 | HK$509.1b | HK$609.8b | HK$35.5b | 11.2x | 14.4x | 0.8x |
| Sun, 24 Jul 2022 | HK$515.7b | HK$611.0b | HK$35.8b | 11.4x | 14.4x | 0.8x |
| Tue, 21 Jun 2022 | HK$512.2b | HK$621.0b | HK$36.2b | 11x | 14.2x | 0.8x |
| Thu, 19 May 2022 | HK$550.4b | HK$644.3b | HK$38.0b | 10x | 14.5x | 0.9x |
| Sat, 16 Apr 2022 | HK$596.5b | HK$710.8b | HK$42.6b | 10.4x | 14x | 0.8x |
| Mon, 14 Mar 2022 | HK$631.2b | HK$745.5b | HK$47.8b | 10.6x | 13.2x | 0.8x |
| Wed, 09 Feb 2022 | HK$679.4b | HK$731.4b | HK$46.4b | 11.7x | 14.6x | 0.9x |
| Fri, 07 Jan 2022 | HK$743.8b | HK$731.1b | HK$46.4b | n/a | 16x | 1x |
| Sun, 05 Dec 2021 | HK$786.4b | HK$729.9b | HK$46.3b | 11x | 17x | 1.1x |
| Tue, 02 Nov 2021 | HK$724.8b | HK$722.9b | HK$45.5b | 12x | 15.9x | 1x |
| Thu, 30 Sep 2021 | HK$738.4b | HK$735.4b | HK$46.3b | 10.9x | 16x | 1x |
| Sat, 28 Aug 2021 | HK$835.9b | HK$734.3b | HK$46.1b | 15.7x | 18.1x | 1.1x |
| Sun, 04 Jul 2021 | HK$716.0b | HK$734.3b | HK$46.1b | 14.4x | 15.5x | 1x |
Price to Earnings Ratio
15.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.9x which is higher than its 3-year average PE of 16.2x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 6.9% per year over the last three years,
- Revenues have also declined 5.4% 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 | -1.82% | |
| Industrials | -3.19% | |
| Machinery | -1.23% | |
| Industrial Machinery | -0.085% | |
| Construction Machinery and Vehicles | -2.30% | |
| Agricultural Machinery | -3.19% | |
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 15.6%, which is higher than its past year's earnings decline of 12.7% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 18.7x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 62% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 9880 Ubtech Robotics | HK$163.00 | 6.3% +HK$4.1b | n/a | PS60x | |
| 631 Sany Heavy Equipment International Holdings | HK$5.35 | 0.8% +HK$127.7m | -49.0% | PE8.8x | |
| 2155 Morimatsu International Holdings | HK$6.08 | 1.7% +HK$120.0m | -11.0% | PE8.1x | |
| 9882 Best Linking Group Holdings | HK$1.02 | 13.3% +HK$96.0m | 48.9% | PE37x | |
| 1645 Haina Intelligent Equipment International Holdings | HK$1.45 | 12.4% +HK$90.2m | 25.0% | PS2.2x |
