L.K. Technology Holdings Limited's (HKG:558) P/E Is On The Mark
Aug 22
Hong Kong (HSI) Machinery Industry Analysis
UpdatedAug 25, 2024
DataAggregated Company Financials
Companies47
- 7D0.8%
- 3M-10.4%
- 1Y18.2%
- YTD7.8%
Over the last 7 days, the Machinery industry has remained flat, although notably Weichai Power gained 3.0%. The past year has been better, since the industry has gained 18% in that time. Looking forward, earnings are forecast to grow by 15% 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, 25 Aug 2024 | HK$625.6b | HK$644.8b | HK$40.8b | 8.3x | 15.3x | 1x |
| Tue, 23 Jul 2024 | HK$619.6b | HK$618.0b | HK$37.1b | 8.5x | 16.7x | 1x |
| Thu, 20 Jun 2024 | HK$672.3b | HK$621.0b | HK$37.2b | 9.6x | 18.1x | 1.1x |
| Sat, 18 May 2024 | HK$689.7b | HK$648.2b | HK$39.8b | 9.8x | 17.3x | 1.1x |
| Mon, 15 Apr 2024 | HK$690.2b | HK$646.4b | HK$39.1b | 8.1x | 17.6x | 1.1x |
| Wed, 13 Mar 2024 | HK$685.6b | HK$622.3b | HK$36.8b | 9.1x | 18.6x | 1.1x |
| Fri, 09 Feb 2024 | HK$590.6b | HK$621.0b | HK$36.9b | 8.5x | 16x | 1x |
| Sun, 07 Jan 2024 | HK$589.7b | HK$618.7b | HK$36.8b | 8.8x | 16x | 1x |
| Tue, 05 Dec 2023 | HK$550.1b | HK$618.1b | HK$37.9b | 9x | 14.5x | 0.9x |
| Thu, 02 Nov 2023 | HK$526.0b | HK$607.5b | HK$37.4b | 9x | 14.1x | 0.9x |
| Sat, 30 Sep 2023 | HK$537.8b | HK$595.7b | HK$35.1b | 9.5x | 15.3x | 0.9x |
| Mon, 28 Aug 2023 | HK$528.9b | HK$569.1b | HK$32.4b | 10.8x | 16.3x | 0.9x |
| Wed, 26 Jul 2023 | HK$578.0b | HK$573.9b | HK$32.4b | 9.3x | 17.8x | 1x |
| Fri, 23 Jun 2023 | HK$556.1b | HK$573.3b | HK$32.5b | 10.3x | 17.1x | 1x |
| Sun, 21 May 2023 | HK$562.3b | HK$582.4b | HK$33.0b | 11.9x | 17x | 1x |
| Tue, 18 Apr 2023 | HK$575.8b | HK$580.0b | HK$32.0b | 13x | 18x | 1x |
| Thu, 16 Mar 2023 | HK$577.7b | HK$554.7b | HK$31.3b | 12.5x | 18.5x | 1x |
| Sat, 11 Feb 2023 | HK$615.4b | HK$562.1b | HK$31.8b | 11.7x | 19.4x | 1.1x |
| Mon, 09 Jan 2023 | HK$565.4b | HK$557.5b | HK$31.5b | 11.4x | 17.9x | 1x |
| Wed, 07 Dec 2022 | HK$582.4b | HK$547.8b | HK$31.0b | 11.8x | 18.8x | 1.1x |
| Fri, 04 Nov 2022 | HK$429.2b | HK$517.3b | HK$28.1b | 10.6x | 15.3x | 0.8x |
| Sun, 02 Oct 2022 | HK$415.0b | HK$520.5b | HK$28.7b | 10.9x | 14.5x | 0.8x |
| Tue, 30 Aug 2022 | HK$504.7b | HK$600.5b | HK$34.1b | 11.9x | 14.8x | 0.8x |
| Thu, 28 Jul 2022 | HK$509.7b | HK$610.2b | HK$35.8b | 11x | 14.3x | 0.8x |
| Sat, 25 Jun 2022 | HK$519.0b | HK$614.4b | HK$35.9b | 10.7x | 14.4x | 0.8x |
| Mon, 23 May 2022 | HK$540.8b | HK$649.5b | HK$38.3b | 9.9x | 14.1x | 0.8x |
| Wed, 20 Apr 2022 | HK$590.8b | HK$711.7b | HK$42.6b | 10.2x | 13.9x | 0.8x |
| Fri, 18 Mar 2022 | HK$632.8b | HK$743.8b | HK$47.8b | 11x | 13.2x | 0.9x |
| Sun, 13 Feb 2022 | HK$682.6b | HK$732.3b | HK$46.5b | 11.4x | 14.7x | 0.9x |
| Tue, 11 Jan 2022 | HK$729.8b | HK$730.2b | HK$46.3b | 11.1x | 15.8x | 1x |
| Thu, 09 Dec 2021 | HK$786.7b | HK$730.9b | HK$46.4b | 11.4x | 17x | 1.1x |
| Sat, 06 Nov 2021 | HK$713.6b | HK$724.0b | HK$45.6b | 12x | 15.6x | 1x |
| Mon, 04 Oct 2021 | HK$740.1b | HK$737.0b | HK$46.4b | 10.8x | 16x | 1x |
| Wed, 01 Sep 2021 | HK$844.3b | HK$734.3b | HK$46.1b | 16.1x | 18.3x | 1.1x |
Price to Earnings Ratio
18.3x
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 4.3% per year over the last three years,
- Revenues have also declined 4.3% 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 | 0.28% | |
| Industrials | -0.31% | |
| Machinery | 0.76% | |
| Agricultural Machinery | 4.12% | |
| Construction Machinery and Vehicles | 1.96% | |
| Industrial Machinery | -0.56% | |
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 17.1%, which is higher than its past year's earnings decline of 9.0% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 15.0x.
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 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 | |
|---|---|---|---|---|---|
| 2338 Weichai Power | HK$12.34 | 3.0% +HK$3.1b | 28.4% | PE8.8x | |
| 3808 Sinotruk (Hong Kong) | HK$20.55 | 4.2% +HK$2.3b | 38.3% | PE8.3x | |
| 669 Techtronic Industries | HK$105.00 | 1.1% +HK$2.0b | 36.4% | PE23.5x | |
| 3898 Zhuzhou CRRC Times Electric | HK$31.25 | 4.7% +HK$2.0b | 14.7% | PE11.7x | |
| 1882 Haitian International Holdings | HK$22.45 | 2.7% +HK$957.6m | 29.2% | PE13.1x |
