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Hong Kong (HSI) Machinery Industry Analysis
UpdatedAug 19, 2024
DataAggregated Company Financials
Companies47
- 7D2.7%
- 3M-14.6%
- 1Y16.9%
- YTD7.0%
In the last week, the Machinery industry is up 2.7%, with Techtronic Industries up 7.3%. In the last 12 months, the industry was up 17%. 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 |
|---|---|---|---|---|---|---|
| Mon, 19 Aug 2024 | HK$616.3b | HK$628.0b | HK$38.0b | 8.3x | 16.2x | 1x |
| Wed, 17 Jul 2024 | HK$622.6b | HK$618.2b | HK$37.1b | 8.9x | 16.8x | 1x |
| Fri, 14 Jun 2024 | HK$670.2b | HK$621.6b | HK$37.3b | 9.2x | 18x | 1.1x |
| Sun, 12 May 2024 | HK$705.1b | HK$649.5b | HK$40.0b | 9.3x | 17.6x | 1.1x |
| Tue, 09 Apr 2024 | HK$675.4b | HK$646.4b | HK$39.1b | 8x | 17.3x | 1x |
| Thu, 07 Mar 2024 | HK$688.0b | HK$615.9b | HK$36.7b | 9.1x | 18.7x | 1.1x |
| Sat, 03 Feb 2024 | HK$577.5b | HK$621.7b | HK$37.0b | 8.6x | 15.6x | 0.9x |
| Mon, 01 Jan 2024 | HK$605.6b | HK$621.2b | HK$37.0b | 9.1x | 16.4x | 1x |
| Wed, 29 Nov 2023 | HK$567.0b | HK$615.7b | HK$37.8b | 9.5x | 15x | 0.9x |
| Fri, 27 Oct 2023 | HK$527.2b | HK$593.7b | HK$35.1b | 9x | 15x | 0.9x |
| Sun, 24 Sep 2023 | HK$544.3b | HK$594.8b | HK$34.8b | 9.5x | 15.7x | 0.9x |
| Tue, 22 Aug 2023 | HK$535.9b | HK$562.7b | HK$30.8b | 9.9x | 17.4x | 1x |
| Thu, 20 Jul 2023 | HK$582.8b | HK$569.2b | HK$32.2b | 9.4x | 18.1x | 1x |
| Sat, 17 Jun 2023 | HK$564.9b | HK$576.9b | HK$32.7b | 11.3x | 17.3x | 1x |
| Mon, 15 May 2023 | HK$559.3b | HK$586.4b | HK$33.0b | 11.8x | 16.9x | 1x |
| Wed, 12 Apr 2023 | HK$571.6b | HK$578.3b | HK$31.3b | 12.5x | 18.3x | 1x |
| Fri, 10 Mar 2023 | HK$579.4b | HK$548.8b | HK$30.9b | 12.7x | 18.7x | 1.1x |
| Sun, 05 Feb 2023 | HK$633.6b | HK$564.1b | HK$31.9b | 11.8x | 19.9x | 1.1x |
| Tue, 03 Jan 2023 | HK$546.7b | HK$553.7b | HK$31.4b | 11.3x | 17.4x | 1x |
| Thu, 01 Dec 2022 | HK$486.7b | HK$520.4b | HK$28.1b | 11.4x | 17.3x | 0.9x |
| Sat, 29 Oct 2022 | HK$414.3b | HK$516.6b | HK$28.7b | 9.9x | 14.4x | 0.8x |
| Mon, 26 Sep 2022 | HK$450.8b | HK$520.3b | HK$28.7b | 11.6x | 15.7x | 0.9x |
| Wed, 24 Aug 2022 | HK$511.7b | HK$609.2b | HK$35.7b | 11x | 14.4x | 0.8x |
| Fri, 22 Jul 2022 | HK$520.7b | HK$610.0b | HK$35.8b | 10.9x | 14.6x | 0.9x |
| Sun, 19 Jun 2022 | HK$508.4b | HK$613.1b | HK$35.8b | 10.6x | 14.2x | 0.8x |
| Tue, 17 May 2022 | HK$530.4b | HK$648.4b | HK$38.2b | 9.8x | 13.9x | 0.8x |
| Thu, 14 Apr 2022 | HK$590.7b | HK$711.4b | HK$42.6b | 10.6x | 13.9x | 0.8x |
| Sat, 12 Mar 2022 | HK$631.5b | HK$747.4b | HK$48.0b | 10.6x | 13.2x | 0.8x |
| Mon, 07 Feb 2022 | HK$684.2b | HK$730.9b | HK$46.4b | 11.6x | 14.8x | 0.9x |
| Wed, 05 Jan 2022 | HK$751.9b | HK$732.4b | HK$46.5b | 11x | 16.2x | 1x |
| Fri, 03 Dec 2021 | HK$780.4b | HK$730.4b | HK$46.4b | 11.3x | 16.8x | 1.1x |
| Sun, 31 Oct 2021 | HK$725.4b | HK$737.4b | HK$46.8b | 12.3x | 15.5x | 1x |
| Tue, 28 Sep 2021 | HK$747.7b | HK$735.0b | HK$46.2b | 11.1x | 16.2x | 1x |
| Thu, 26 Aug 2021 | HK$819.6b | HK$734.3b | HK$46.1b | 15.8x | 17.8x | 1.1x |
Price to Earnings Ratio
17.8x
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 16.3x.
- 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 6.2% per year over the last three years,
- Revenues have also declined 5.1% 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 | 1.96% | |
| Industrials | 1.49% | |
| Machinery | 2.70% | |
| Industrial Machinery | 3.98% | |
| Construction Machinery and Vehicles | 1.45% | |
| Agricultural Machinery | 1.34% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 19.0x.
- Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings decline of 5.0% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 17.9x.
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 5.0% 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 | |
|---|---|---|---|---|---|
| 669 Techtronic Industries | HK$103.90 | 7.3% +HK$13.0b | 32.3% | PE23.2x | |
| 2338 Weichai Power | HK$11.98 | 2.2% +HK$2.2b | 23.8% | PE9.8x | |
| 3898 Zhuzhou CRRC Times Electric | HK$29.85 | 2.6% +HK$1.1b | 16.1% | PE12x | |
| 317 CSSC Offshore & Marine Engineering (Group) | HK$15.34 | 4.8% +HK$989.5m | 66.2% | PE221.3x | |
| 558 L.K. Technology Holdings | HK$2.96 | 3.9% +HK$150.1m | -59.2% | PE8.3x |
