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Hong Kong (HSI) Machinery Industry Analysis
UpdatedSep 01, 2024
DataAggregated Company Financials
Companies47
- 7D-1.8%
- 3M-9.0%
- 1Y12.9%
- YTD5.7%
Over the last 7 days, the Machinery industry has dropped 1.8%, driven by a pullback from Zhuzhou CRRC Times Electric of 14%. Meanwhile, Ubtech Robotics actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 13%. Looking forward, 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, 02 Sep 2024 | HK$613.0b | HK$652.1b | HK$41.6b | 7.3x | 14.8x | 0.9x |
| Wed, 31 Jul 2024 | HK$610.5b | HK$620.3b | HK$37.2b | 9x | 16.4x | 1x |
| Fri, 28 Jun 2024 | HK$652.7b | HK$618.0b | HK$37.0b | 9.2x | 17.6x | 1.1x |
| Sun, 26 May 2024 | HK$696.8b | HK$648.0b | HK$39.7b | 9.3x | 17.5x | 1.1x |
| Tue, 23 Apr 2024 | HK$686.4b | HK$646.0b | HK$39.1b | 8.3x | 17.6x | 1.1x |
| Thu, 21 Mar 2024 | HK$718.6b | HK$621.1b | HK$36.9b | 8.8x | 19.5x | 1.2x |
| Sat, 17 Feb 2024 | HK$593.3b | HK$620.8b | HK$36.9b | 8.8x | 16.1x | 1x |
| Mon, 15 Jan 2024 | HK$593.5b | HK$617.6b | HK$36.7b | 9.1x | 16.2x | 1x |
| Wed, 13 Dec 2023 | HK$543.0b | HK$615.1b | HK$37.7b | 9.1x | 14.4x | 0.9x |
| Fri, 10 Nov 2023 | HK$532.1b | HK$608.9b | HK$37.5b | 8.8x | 14.2x | 0.9x |
| Sun, 08 Oct 2023 | HK$527.7b | HK$595.6b | HK$35.1b | 9.4x | 15x | 0.9x |
| Tue, 05 Sep 2023 | HK$558.0b | HK$597.6b | HK$34.9b | 9.9x | 16x | 0.9x |
| Thu, 03 Aug 2023 | HK$601.3b | HK$571.1b | HK$32.3b | 9.6x | 18.6x | 1.1x |
| Sat, 01 Jul 2023 | HK$566.2b | HK$568.2b | HK$32.2b | 10.5x | 17.6x | 1x |
| Mon, 29 May 2023 | HK$540.2b | HK$580.6b | HK$32.9b | 11.1x | 16.4x | 0.9x |
| Wed, 26 Apr 2023 | HK$547.3b | HK$576.6b | HK$31.8b | 12.2x | 17.2x | 0.9x |
| Fri, 24 Mar 2023 | HK$577.8b | HK$554.8b | HK$30.4b | 13.6x | 19x | 1x |
| Sun, 19 Feb 2023 | HK$609.7b | HK$558.2b | HK$31.6b | 12x | 19.3x | 1.1x |
| Tue, 17 Jan 2023 | HK$612.4b | HK$564.4b | HK$31.9b | 11.7x | 19.2x | 1.1x |
| Thu, 15 Dec 2022 | HK$576.3b | HK$548.7b | HK$31.1b | 11.9x | 18.5x | 1.1x |
| Sat, 12 Nov 2022 | HK$465.7b | HK$520.1b | HK$28.1b | 10.7x | 16.5x | 0.9x |
| Mon, 10 Oct 2022 | HK$421.5b | HK$520.9b | HK$28.7b | 11.1x | 14.7x | 0.8x |
| Wed, 07 Sep 2022 | HK$491.1b | HK$540.7b | HK$29.3b | 11.6x | 16.8x | 0.9x |
| Fri, 05 Aug 2022 | HK$499.1b | HK$610.6b | HK$35.8b | 11.2x | 13.9x | 0.8x |
| Sun, 03 Jul 2022 | HK$514.2b | HK$614.3b | HK$36.0b | 11x | 14.3x | 0.8x |
| Tue, 31 May 2022 | HK$533.4b | HK$614.3b | HK$35.9b | 10.7x | 14.9x | 0.9x |
| Thu, 28 Apr 2022 | HK$547.7b | HK$694.3b | HK$41.8b | 9.4x | 13.1x | 0.8x |
| Sat, 26 Mar 2022 | HK$632.8b | HK$745.2b | HK$47.6b | 10.3x | 13.3x | 0.8x |
| Mon, 21 Feb 2022 | HK$680.9b | HK$735.2b | HK$46.6b | 11.3x | 14.6x | 0.9x |
| Wed, 19 Jan 2022 | HK$717.3b | HK$732.3b | HK$46.5b | 11.2x | 15.4x | 1x |
| Fri, 17 Dec 2021 | HK$795.6b | HK$731.3b | HK$46.4b | 11.9x | 17.1x | 1.1x |
| Sun, 14 Nov 2021 | HK$732.6b | HK$727.7b | HK$46.1b | 11.6x | 15.9x | 1x |
| Tue, 12 Oct 2021 | HK$727.9b | HK$737.1b | HK$46.4b | 10.8x | 15.7x | 1x |
| Thu, 09 Sep 2021 | HK$835.5b | HK$734.2b | HK$46.1b | 16.1x | 18.1x | 1.1x |
Price to Earnings Ratio
18.1x
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 3.4% per year over the last three years,
- Revenues have also declined 3.9% 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 | 1.07% | |
| Industrials | 0.14% | |
| Machinery | -1.78% | |
| Agricultural Machinery | 6.50% | |
| Industrial Machinery | 0.93% | |
| Construction Machinery and Vehicles | -4.95% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 18.9x.
- Analysts are expecting annual earnings growth of 18.8%, which is higher than its past year's earnings growth of 1.9% 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 19% over the next 5 years.
- This is better than its past earnings growth rate of 1.9% 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$92.25 | 11.1% +HK$3.9b | n/a | PS27.5x | |
| 631 Sany Heavy Equipment International Holdings | HK$4.51 | 13.3% +HK$1.8b | -63.2% | PE7.5x | |
| 38 First Tractor | HK$7.88 | 6.5% +HK$539.3m | 97.0% | PE7x | |
| 669 Techtronic Industries | HK$105.10 | 0.1% +HK$183.3m | 35.6% | PE23.5x | |
| 1651 Precision Tsugami (China) | HK$9.78 | 4.0% +HK$144.6m | 22.3% | PE7.1x |