A Look At The Fair Value Of T.S. Lines Limited (HKG:2510)
Dec 22
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Hong Kong (HSI) Marine and Shipping Industry Analysis
UpdatedDec 23, 2025
DataAggregated Company Financials
Companies15
- 7D0.3%
- 3M3.9%
- 1Y17.3%
- YTD13.7%
The Marine and Shipping industry has stayed flat over the last week. The past year has been better, since the industry has gained 17% in that time. In the next few years, earnings are forecast to decline by 29% annually.
Industry Valuation and Performance
Has the Hong Kong Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | HK$440.6b | HK$401.3b | HK$79.0b | 5x | 5.6x | 1.1x |
| Fri, 21 Nov 2025 | HK$441.8b | HK$398.9b | HK$78.5b | 5.4x | 5.6x | 1.1x |
| Sun, 19 Oct 2025 | HK$439.8b | HK$414.0b | HK$91.1b | 7.2x | 4.8x | 1.1x |
| Tue, 16 Sep 2025 | HK$455.5b | HK$414.7b | HK$91.2b | 7.8x | 5x | 1.1x |
| Thu, 14 Aug 2025 | HK$461.1b | HK$412.8b | HK$92.1b | 7.5x | 5x | 1.1x |
| Sat, 12 Jul 2025 | HK$433.8b | HK$414.9b | HK$92.4b | 6.5x | 4.7x | 1x |
| Mon, 09 Jun 2025 | HK$434.4b | HK$414.2b | HK$92.3b | 5.6x | 4.7x | 1x |
| Wed, 07 May 2025 | HK$390.0b | HK$408.6b | HK$91.0b | 6.2x | 4.3x | 1x |
| Fri, 04 Apr 2025 | HK$380.7b | HK$397.2b | HK$85.5b | 6x | 4.5x | 1x |
| Sun, 02 Mar 2025 | HK$363.7b | HK$350.6b | HK$57.0b | 7.3x | 6.4x | 1x |
| Tue, 28 Jan 2025 | HK$377.8b | HK$350.9b | HK$56.8b | 7.5x | 6.6x | 1.1x |
| Thu, 26 Dec 2024 | HK$403.7b | HK$348.5b | HK$56.4b | 7.1x | 7.2x | 1.2x |
| Sat, 23 Nov 2024 | HK$383.9b | HK$350.8b | HK$56.8b | 8.4x | 6.8x | 1.1x |
| Mon, 21 Oct 2024 | HK$389.8b | HK$314.6b | HK$40.2b | 7.9x | 9.7x | 1.2x |
| Wed, 18 Sep 2024 | HK$340.7b | HK$312.9b | HK$40.3b | 8x | 8.5x | 1.1x |
| Fri, 16 Aug 2024 | HK$350.1b | HK$302.8b | HK$41.2b | 12.9x | 8.5x | 1.2x |
| Sun, 14 Jul 2024 | HK$376.7b | HK$299.8b | HK$41.1b | 13.6x | 9.2x | 1.3x |
| Tue, 11 Jun 2024 | HK$460.4b | HK$300.1b | HK$41.1b | 14.1x | 11.2x | 1.5x |
| Thu, 09 May 2024 | HK$359.4b | HK$300.8b | HK$41.2b | 13.6x | 8.7x | 1.2x |
| Sat, 06 Apr 2024 | HK$294.1b | HK$300.0b | HK$41.6b | 10.6x | 7.1x | 1x |
| Mon, 04 Mar 2024 | HK$305.7b | HK$384.0b | HK$89.4b | 6.4x | 3.4x | 0.8x |
| Wed, 31 Jan 2024 | HK$295.7b | HK$389.7b | HK$91.4b | 6.5x | 3.2x | 0.8x |
| Fri, 29 Dec 2023 | HK$290.1b | HK$389.7b | HK$91.4b | 6.5x | 3.2x | 0.7x |
| Sun, 26 Nov 2023 | HK$276.9b | HK$384.1b | HK$90.7b | 5.8x | 3.1x | 0.7x |
| Tue, 24 Oct 2023 | HK$270.6b | HK$447.9b | HK$119.1b | 5.9x | 2.3x | 0.6x |
| Thu, 21 Sep 2023 | HK$290.1b | HK$448.6b | HK$119.3b | 6.1x | 2.4x | 0.6x |
| Sat, 19 Aug 2023 | HK$292.0b | HK$567.3b | HK$185.3b | 6.6x | 1.6x | 0.5x |
| Mon, 17 Jul 2023 | HK$297.6b | HK$585.9b | HK$196.5b | 6.2x | 1.5x | 0.5x |
| Wed, 14 Jun 2023 | HK$295.9b | HK$586.9b | HK$197.1b | 4.2x | 1.5x | 0.5x |
| Fri, 12 May 2023 | HK$358.3b | HK$598.5b | HK$200.2b | 4.1x | 1.8x | 0.6x |
| Sun, 09 Apr 2023 | HK$351.3b | HK$701.6b | HK$235.6b | 4.1x | 1.5x | 0.5x |
| Tue, 07 Mar 2023 | HK$354.4b | HK$701.0b | HK$233.8b | 3.3x | 1.5x | 0.5x |
| Thu, 02 Feb 2023 | HK$348.9b | HK$716.1b | HK$241.0b | 2.7x | 1.4x | 0.5x |
| Sat, 31 Dec 2022 | HK$331.2b | HK$700.5b | HK$236.3b | 2.6x | 1.4x | 0.5x |
Price to Earnings Ratio
1.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Shipping industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.6x which is higher than its 3-year average PE of 4.9x.
- The 3-year average PS ratio of 0.91x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have declined 30% per year over the last three years,
- Revenues have also declined 17% 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 | 0.39% | |
| Industrials | -0.65% | |
| Marine and Shipping | 0.34% | |
| Marine | 0.34% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$13.91 | 4.0% +HK$8.1b | 9.5% | PE5.1x | |
| 1308 SITC International Holdings | HK$28.30 | 5.4% +HK$3.9b | 37.4% | PE7.5x | |
| 316 Orient Overseas (International) | HK$124.70 | 1.9% +HK$1.5b | 7.9% | PE3.9x | |
| 2510 T.S. Lines | HK$8.25 | 5.6% +HK$732.6m | 96.4% | PE3.6x | |
| 2343 Pacific Basin Shipping | HK$2.33 | 2.6% +HK$304.2m | 35.5% | PE15.2x |
