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Hong Kong (HSI) Machinery Industry Analysis
UpdatedOct 21, 2024
DataAggregated Company Financials
Companies47
- 7D-2.9%
- 3M7.4%
- 1Y30.5%
- YTD14.0%
Over the last 7 days, the Machinery industry has dropped 2.9%, driven by a pullback from Weichai Power of 7.1%. In the past year, the industry has gained 31%. As for the next few years, earnings are expected to grow by 16% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 21 Oct 2024 | HK$662.3b | HK$649.1b | HK$41.4b | 7.7x | 16x | 1x |
| Wed, 18 Sep 2024 | HK$596.2b | HK$651.3b | HK$41.5b | 6.8x | 14.4x | 0.9x |
| Fri, 16 Aug 2024 | HK$609.1b | HK$628.5b | HK$38.1b | 8x | 16x | 1x |
| Sun, 14 Jul 2024 | HK$629.7b | HK$619.2b | HK$37.1b | 8.5x | 17x | 1x |
| Tue, 11 Jun 2024 | HK$671.4b | HK$622.1b | HK$37.3b | 9.3x | 18x | 1.1x |
| Thu, 09 May 2024 | HK$690.4b | HK$649.9b | HK$40.0b | 9.1x | 17.3x | 1.1x |
| Sat, 06 Apr 2024 | HK$670.3b | HK$646.1b | HK$39.1b | 8.2x | 17.1x | 1x |
| Mon, 04 Mar 2024 | HK$624.8b | HK$616.4b | HK$36.7b | 9.1x | 17x | 1x |
| Wed, 31 Jan 2024 | HK$582.5b | HK$621.6b | HK$37.0b | 8.4x | 15.8x | 0.9x |
| Fri, 29 Dec 2023 | HK$563.7b | HK$620.5b | HK$38.1b | 8.9x | 14.8x | 0.9x |
| Sun, 26 Nov 2023 | HK$558.0b | HK$615.6b | HK$37.8b | 9.5x | 14.7x | 0.9x |
| Tue, 24 Oct 2023 | HK$508.8b | HK$594.2b | HK$35.0b | 9.4x | 14.5x | 0.9x |
| Thu, 21 Sep 2023 | HK$541.4b | HK$595.1b | HK$34.8b | 9.8x | 15.6x | 0.9x |
| Sat, 19 Aug 2023 | HK$535.6b | HK$563.4b | HK$30.8b | 10x | 17.4x | 1x |
| Mon, 17 Jul 2023 | HK$579.4b | HK$574.3b | HK$32.5b | 9.4x | 17.8x | 1x |
| Wed, 14 Jun 2023 | HK$543.8b | HK$575.1b | HK$32.6b | 11.1x | 16.7x | 0.9x |
| Fri, 12 May 2023 | HK$573.3b | HK$587.3b | HK$33.1b | 11.8x | 17.3x | 1x |
| Sun, 09 Apr 2023 | HK$573.1b | HK$579.3b | HK$31.3b | 12.6x | 18.3x | 1x |
| Tue, 07 Mar 2023 | HK$585.9b | HK$550.7b | HK$31.0b | 11.9x | 18.9x | 1.1x |
| Thu, 02 Feb 2023 | HK$636.2b | HK$565.8b | HK$32.0b | 12.4x | 19.9x | 1.1x |
| Sat, 31 Dec 2022 | HK$544.7b | HK$553.0b | HK$31.3b | 11.3x | 17.4x | 1x |
| Mon, 28 Nov 2022 | HK$468.5b | HK$520.1b | HK$28.1b | 11.5x | 16.7x | 0.9x |
| Wed, 26 Oct 2022 | HK$412.4b | HK$513.7b | HK$28.4b | 9.9x | 14.5x | 0.8x |
| Fri, 23 Sep 2022 | HK$460.2b | HK$524.5b | HK$28.9b | 11.6x | 15.9x | 0.9x |
| Sun, 21 Aug 2022 | HK$527.2b | HK$611.2b | HK$35.8b | 11.3x | 14.7x | 0.9x |
| Tue, 19 Jul 2022 | HK$488.6b | HK$610.7b | HK$35.8b | 10.8x | 13.7x | 0.8x |
| Thu, 16 Jun 2022 | HK$526.6b | HK$611.5b | HK$35.8b | 10.8x | 14.7x | 0.9x |
| Sat, 14 May 2022 | HK$529.2b | HK$648.6b | HK$38.2b | 9.9x | 13.9x | 0.8x |
| Mon, 11 Apr 2022 | HK$611.7b | HK$711.7b | HK$42.6b | 10x | 14.4x | 0.9x |
| Wed, 09 Mar 2022 | HK$635.5b | HK$746.7b | HK$47.9b | 10.7x | 13.3x | 0.9x |
| Fri, 04 Feb 2022 | HK$659.3b | HK$731.3b | HK$46.4b | 11.3x | 14.2x | 0.9x |
| Sun, 02 Jan 2022 | HK$758.2b | HK$732.5b | HK$46.5b | 11.2x | 16.3x | 1x |
| Tue, 30 Nov 2021 | HK$746.3b | HK$727.8b | HK$46.1b | 11.4x | 16.2x | 1x |
| Thu, 28 Oct 2021 | HK$742.6b | HK$739.2b | HK$46.9b | 12.5x | 15.8x | 1x |
Price to Earnings Ratio
15.8x
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 16.2x.
- 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 4.1% per year over the last three years,
- Revenues have also declined 4.2% 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 | -1.01% | |
| Industrials | -1.42% | |
| Machinery | -2.94% | |
| Industrial Machinery | -1.45% | |
| Agricultural Machinery | -3.02% | |
| Construction Machinery and Vehicles | -4.50% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 18.7x.
- Analysts are expecting annual earnings growth of 18.1%, which is higher than its past year's earnings growth of 2.6% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 2.6% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 13% 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$89.70 | 1.5% +HK$545.4m | n/a | PS26.8x | |
| 1286 Impro Precision Industries | HK$2.34 | 6.8% +HK$283.1m | 5.4% | PE7.5x | |
| 1651 Precision Tsugami (China) | HK$11.04 | 4.3% +HK$175.1m | 43.0% | PE8x | |
| 1596 Hebei Yichen Industrial Group | HK$2.40 | 8.6% +HK$170.6m | -44.2% | PE47.8x | |
| 2155 Morimatsu International Holdings | HK$5.08 | 1.6% +HK$97.0m | -2.3% | PE7.1x |
