Returns At Sany Heavy Equipment International Holdings (HKG:631) Appear To Be Weighed Down
Aug 07
Hong Kong (HSI) Machinery Industry Analysis
UpdatedAug 07, 2024
DataAggregated Company Financials
Companies47
- 7D-1.2%
- 3M-17.7%
- 1Y-0.6%
- YTD3.3%
Over the last 7 days, the Machinery industry has dropped 1.2%, driven by a pullback from Techtronic Industries of 5.3%. As for the longer term, the industry's performance has been flat for the past year. 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 |
|---|---|---|---|---|---|---|
| Thu, 08 Aug 2024 | HK$603.5b | HK$626.4b | HK$37.5b | 8.4x | 16.1x | 1x |
| Sat, 06 Jul 2024 | HK$614.6b | HK$618.4b | HK$37.1b | 8.7x | 16.6x | 1x |
| Mon, 03 Jun 2024 | HK$686.7b | HK$648.6b | HK$39.8b | 8.9x | 17.3x | 1.1x |
| Wed, 01 May 2024 | HK$679.5b | HK$649.2b | HK$39.9b | 8.5x | 17x | 1x |
| Fri, 29 Mar 2024 | HK$721.6b | HK$645.6b | HK$39.0b | 8.4x | 18.5x | 1.1x |
| Sun, 25 Feb 2024 | HK$611.4b | HK$616.2b | HK$36.7b | 9.1x | 16.7x | 1x |
| Tue, 23 Jan 2024 | HK$542.8b | HK$615.4b | HK$36.6b | 8.2x | 14.8x | 0.9x |
| Thu, 21 Dec 2023 | HK$551.8b | HK$617.1b | HK$37.9b | 8.8x | 14.6x | 0.9x |
| Sat, 18 Nov 2023 | HK$561.9b | HK$612.2b | HK$37.6b | 9.1x | 14.9x | 0.9x |
| Mon, 16 Oct 2023 | HK$532.3b | HK$594.8b | HK$35.1b | 9.7x | 15.2x | 0.9x |
| Wed, 13 Sep 2023 | HK$550.2b | HK$595.9b | HK$34.8b | 9.3x | 15.8x | 0.9x |
| Fri, 11 Aug 2023 | HK$561.6b | HK$569.3b | HK$31.2b | 9.7x | 18x | 1x |
| Sun, 09 Jul 2023 | HK$563.8b | HK$570.2b | HK$32.3b | 9.7x | 17.5x | 1x |
| Tue, 06 Jun 2023 | HK$532.7b | HK$577.4b | HK$32.7b | 11.5x | 16.3x | 0.9x |
| Thu, 04 May 2023 | HK$569.6b | HK$589.8b | HK$33.2b | 11.8x | 17.1x | 1x |
| Sat, 01 Apr 2023 | HK$576.1b | HK$577.1b | HK$30.6b | 12.7x | 18.8x | 1x |
| Mon, 27 Feb 2023 | HK$567.2b | HK$553.4b | HK$31.3b | 11.9x | 18.1x | 1x |
| Wed, 25 Jan 2023 | HK$606.1b | HK$563.3b | HK$31.9b | 12.4x | 19x | 1.1x |
| Fri, 23 Dec 2022 | HK$547.9b | HK$548.4b | HK$31.1b | 11.3x | 17.6x | 1x |
| Sun, 20 Nov 2022 | HK$476.4b | HK$523.3b | HK$28.3b | 10.9x | 16.8x | 0.9x |
| Tue, 18 Oct 2022 | HK$411.3b | HK$516.9b | HK$28.5b | 10.9x | 14.4x | 0.8x |
| Thu, 15 Sep 2022 | HK$485.7b | HK$531.1b | HK$29.2b | 11.7x | 16.6x | 0.9x |
| Sat, 13 Aug 2022 | HK$515.3b | HK$616.6b | HK$36.3b | 10.3x | 14.2x | 0.8x |
| Mon, 11 Jul 2022 | HK$524.7b | HK$615.0b | HK$36.0b | 10.8x | 14.6x | 0.9x |
| Wed, 08 Jun 2022 | HK$542.8b | HK$617.2b | HK$36.1b | 10.7x | 15.1x | 0.9x |
| Fri, 06 May 2022 | HK$546.3b | HK$661.9b | HK$38.9b | 10.2x | 14.1x | 0.8x |
| Sun, 03 Apr 2022 | HK$638.3b | HK$710.8b | HK$43.5b | 10.3x | 14.7x | 0.9x |
| Tue, 01 Mar 2022 | HK$667.1b | HK$738.0b | HK$46.7b | 11.1x | 14.3x | 0.9x |
| Thu, 27 Jan 2022 | HK$679.8b | HK$733.9b | HK$46.5b | 11x | 14.6x | 0.9x |
| Sat, 25 Dec 2021 | HK$760.8b | HK$731.0b | HK$46.4b | 11.2x | 16.4x | 1x |
| Mon, 22 Nov 2021 | HK$757.3b | HK$726.9b | HK$46.0b | 12x | 16.5x | 1x |
| Wed, 20 Oct 2021 | HK$759.0b | HK$738.0b | HK$46.5b | 11.6x | 16.3x | 1x |
| Fri, 17 Sep 2021 | HK$791.1b | HK$738.1b | HK$46.4b | 12.3x | 17.1x | 1.1x |
| Sun, 15 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 6.6% 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 | -1.71% | |
| Industrials | -0.42% | |
| Machinery | -1.24% | |
| Agricultural Machinery | 2.63% | |
| Construction Machinery and Vehicles | -0.61% | |
| Industrial Machinery | -2.06% | |
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 18.0x.
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$29.70 | 2.9% +HK$1.2b | 6.1% | PE11.9x | |
| 38 First Tractor | HK$6.80 | 1.5% +HK$112.4m | 87.3% | PE6.3x | |
| 716 Singamas Container Holdings | HK$0.79 | 5.3% +HK$95.3m | 27.4% | PE12.4x | |
| 1301 D&G Technology Holding | HK$0.70 | 6.1% +HK$25.6m | -31.4% | PS1.5x | |
| 1721 FSM Holdings | HK$0.41 | 2.5% +HK$10.0m | 13.7% | PS4.4x |
