Precision Tsugami (China) (HKG:1651) Has Affirmed Its Dividend Of CN¥0.40
Jun 29
Hong Kong (HSI) Machinery Industry Analysis
UpdatedJun 28, 2024
DataAggregated Company Financials
Companies45
- 7D-0.4%
- 3M-4.8%
- 1Y12.1%
- YTD14.4%
Over the last 7 days, the Machinery industry has remained flat, although notably Weichai Power gained 11%. As for the the longer term, the industry is up 12% over the past 12 months. Looking forward, earnings are forecast to grow by 17% 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, 29 Jun 2024 | HK$652.7b | HK$618.0b | HK$37.0b | 9.2x | 17.6x | 1.1x |
| Mon, 27 May 2024 | HK$696.8b | HK$648.0b | HK$39.7b | 9.3x | 17.5x | 1.1x |
| Wed, 24 Apr 2024 | HK$669.6b | HK$645.8b | HK$39.1b | 8.1x | 17.1x | 1x |
| Fri, 22 Mar 2024 | HK$726.0b | HK$620.8b | HK$36.8b | 8.9x | 19.7x | 1.2x |
| Sun, 18 Feb 2024 | HK$593.6b | HK$615.8b | HK$36.6b | 8.9x | 16.2x | 1x |
| Tue, 16 Jan 2024 | HK$594.3b | HK$617.1b | HK$36.7b | 9x | 16.2x | 1x |
| Thu, 14 Dec 2023 | HK$535.0b | HK$615.1b | HK$37.7b | 8.9x | 14.2x | 0.9x |
| Sat, 11 Nov 2023 | HK$529.0b | HK$608.8b | HK$37.5b | 9.3x | 14.1x | 0.9x |
| Mon, 09 Oct 2023 | HK$527.7b | HK$595.6b | HK$35.1b | 9.4x | 15x | 0.9x |
| Wed, 06 Sep 2023 | HK$553.4b | HK$595.9b | HK$34.8b | 10.1x | 15.9x | 0.9x |
| Fri, 04 Aug 2023 | HK$606.8b | HK$571.8b | HK$32.3b | 9.8x | 18.8x | 1.1x |
| Sun, 02 Jul 2023 | HK$566.1b | HK$568.9b | HK$32.2b | 10.5x | 17.6x | 1x |
| Tue, 30 May 2023 | HK$528.4b | HK$579.3b | HK$32.8b | 11x | 16.1x | 0.9x |
| Thu, 27 Apr 2023 | HK$556.3b | HK$576.4b | HK$31.8b | 12.3x | 17.5x | 1x |
| Sat, 25 Mar 2023 | HK$571.0b | HK$551.6b | HK$30.4b | 13.2x | 18.8x | 1x |
| Mon, 20 Feb 2023 | HK$609.7b | HK$558.2b | HK$31.6b | 12x | 19.3x | 1.1x |
| Wed, 18 Jan 2023 | HK$604.9b | HK$562.8b | HK$31.8b | 12x | 19x | 1.1x |
| Fri, 16 Dec 2022 | HK$568.5b | HK$547.9b | HK$31.1b | 11.5x | 18.3x | 1x |
| Sun, 13 Nov 2022 | HK$467.4b | HK$524.8b | HK$28.3b | 10.6x | 16.5x | 0.9x |
| Tue, 11 Oct 2022 | HK$406.6b | HK$520.9b | HK$28.7b | 10.8x | 14.2x | 0.8x |
| Thu, 08 Sep 2022 | HK$491.1b | HK$540.7b | HK$29.3b | 11.6x | 16.8x | 0.9x |
| Sat, 06 Aug 2022 | HK$510.2b | HK$611.1b | HK$35.8b | 11.2x | 14.2x | 0.8x |
| Mon, 04 Jul 2022 | HK$514.2b | HK$614.3b | HK$36.0b | 11x | 14.3x | 0.8x |
| Wed, 01 Jun 2022 | HK$540.8b | HK$616.9b | HK$36.0b | 10.6x | 15x | 0.9x |
| Fri, 29 Apr 2022 | HK$547.6b | HK$695.1b | HK$41.9b | 9.5x | 13.1x | 0.8x |
| Sun, 27 Mar 2022 | HK$633.0b | HK$745.9b | HK$47.6b | 10.3x | 13.3x | 0.8x |
| Tue, 22 Feb 2022 | HK$687.4b | HK$735.2b | HK$46.6b | 11.3x | 14.7x | 0.9x |
| Thu, 20 Jan 2022 | HK$707.5b | HK$731.9b | HK$46.4b | 11.2x | 15.2x | 1x |
| Sat, 18 Dec 2021 | HK$766.5b | HK$731.4b | HK$46.4b | 11.6x | 16.5x | 1x |
| Mon, 15 Nov 2021 | HK$732.6b | HK$727.7b | HK$46.1b | 11.6x | 15.9x | 1x |
| Wed, 13 Oct 2021 | HK$718.8b | HK$735.9b | HK$46.3b | 10.8x | 15.5x | 1x |
| Fri, 10 Sep 2021 | HK$831.1b | HK$734.2b | HK$46.1b | 16.2x | 18x | 1.1x |
| Sun, 08 Aug 2021 | HK$778.8b | HK$734.3b | HK$46.1b | 14.9x | 16.9x | 1.1x |
Price to Earnings Ratio
15.5x
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 7.1% per year over the last three years,
- Revenues have also declined 5.6% 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 | -3.32% | |
| Industrials | -3.70% | |
| Machinery | -0.40% | |
| Construction Machinery and Vehicles | 2.13% | |
| Industrial Machinery | -2.11% | |
| Agricultural Machinery | -13.20% | |
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 18.9%, which is higher than its past year's earnings decline of 10.0% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 18.6x.
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 | |
|---|---|---|---|---|---|
| 2338 Weichai Power | HK$14.94 | 10.8% +HK$12.6b | 30.1% | PE12.3x | |
| 3808 Sinotruk (Hong Kong) | HK$20.30 | 6.6% +HK$3.5b | 33.4% | PE9.8x | |
| 3898 Zhuzhou CRRC Times Electric | HK$30.80 | 6.9% +HK$2.8b | 5.5% | PE12.5x | |
| 317 CSSC Offshore & Marine Engineering (Group) | HK$17.60 | 2.2% +HK$537.1m | 54.4% | PE256.8x | |
| 1651 Precision Tsugami (China) | HK$10.60 | 6.1% +HK$232.1m | 26.0% | PE7.8x |
