The Market Doesn't Like What It Sees From COSCO SHIPPING Holdings Co., Ltd.'s (HKG:1919) Earnings Yet As Shares Tumble 27%
Jul 21
Hong Kong (HSI) Marine and Shipping Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies15
- 7D-3.2%
- 3M7.2%
- 1Y14.4%
- YTD22.5%
Over the last 7 days, the Marine and Shipping industry has dropped 3.0%, driven by SITC International Holdings declining 8.4%. On the other hand Xin Yuan Enterprises Group is actually up 7.4%. Over the past 12 months, the industry was up 15%. As for the next few years, earnings are forecast to decline by 7.2% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | HK$352.0b | HK$300.4b | HK$41.2b | 12.6x | 8.5x | 1.2x |
| Sun, 23 Jun 2024 | HK$437.4b | HK$299.4b | HK$41.0b | 15x | 10.7x | 1.5x |
| Tue, 21 May 2024 | HK$410.8b | HK$300.0b | HK$41.0b | 13.5x | 10x | 1.4x |
| Thu, 18 Apr 2024 | HK$301.4b | HK$300.0b | HK$41.6b | 12.3x | 7.2x | 1x |
| Sat, 16 Mar 2024 | HK$312.1b | HK$378.1b | HK$85.0b | 9.6x | 3.7x | 0.8x |
| Mon, 12 Feb 2024 | HK$286.6b | HK$388.1b | HK$91.2b | 6.6x | 3.1x | 0.7x |
| Wed, 10 Jan 2024 | HK$289.5b | HK$388.5b | HK$91.2b | 6.4x | 3.2x | 0.7x |
| Fri, 08 Dec 2023 | HK$272.0b | HK$385.4b | HK$90.9b | 5.7x | 3x | 0.7x |
| Sun, 05 Nov 2023 | HK$278.6b | HK$380.8b | HK$90.3b | 5.8x | 3.1x | 0.7x |
| Tue, 03 Oct 2023 | HK$282.9b | HK$448.9b | HK$119.4b | 6.1x | 2.4x | 0.6x |
| Thu, 31 Aug 2023 | HK$294.7b | HK$450.2b | HK$119.8b | 6.2x | 2.5x | 0.7x |
| Sat, 29 Jul 2023 | HK$316.2b | HK$583.9b | HK$195.9b | 6.4x | 1.6x | 0.5x |
| Mon, 26 Jun 2023 | HK$291.5b | HK$585.3b | HK$196.7b | 4.2x | 1.5x | 0.5x |
| Wed, 24 May 2023 | HK$343.8b | HK$592.1b | HK$198.5b | 4.1x | 1.7x | 0.6x |
| Fri, 21 Apr 2023 | HK$386.2b | HK$669.1b | HK$224.8b | 4.1x | 1.7x | 0.6x |
| Sun, 19 Mar 2023 | HK$347.6b | HK$705.5b | HK$234.9b | 3.2x | 1.5x | 0.5x |
| Tue, 14 Feb 2023 | HK$340.3b | HK$710.7b | HK$239.5b | 2.5x | 1.4x | 0.5x |
| Thu, 12 Jan 2023 | HK$333.9b | HK$711.3b | HK$239.5b | 2.6x | 1.4x | 0.5x |
| Sat, 10 Dec 2022 | HK$371.9b | HK$695.1b | HK$234.7b | 2.7x | 1.6x | 0.5x |
| Mon, 07 Nov 2022 | HK$322.2b | HK$686.7b | HK$232.8b | 1.9x | 1.4x | 0.5x |
| Wed, 05 Oct 2022 | HK$333.0b | HK$676.2b | HK$231.9b | 2.1x | 1.4x | 0.5x |
| Fri, 02 Sep 2022 | HK$409.2b | HK$690.7b | HK$236.0b | 2.5x | 1.7x | 0.6x |
| Sun, 31 Jul 2022 | HK$517.9b | HK$624.6b | HK$193.3b | 4.1x | 2.7x | 0.8x |
| Tue, 28 Jun 2022 | HK$475.2b | HK$623.5b | HK$191.9b | 4.8x | 2.5x | 0.8x |
| Thu, 26 May 2022 | HK$534.3b | HK$625.9b | HK$192.5b | 4.7x | 2.8x | 0.9x |
| Sat, 23 Apr 2022 | HK$497.9b | HK$589.9b | HK$181.4b | 4.2x | 2.7x | 0.8x |
| Mon, 21 Mar 2022 | HK$569.2b | HK$553.9b | HK$154.8b | 5.7x | 3.7x | 1x |
| Wed, 16 Feb 2022 | HK$536.9b | HK$478.6b | HK$126.2b | 10x | 4.3x | 1.1x |
| Fri, 14 Jan 2022 | HK$568.1b | HK$478.0b | HK$126.0b | 11.4x | 4.5x | 1.2x |
| Sun, 12 Dec 2021 | HK$571.1b | HK$477.8b | HK$126.0b | 11.3x | 4.5x | 1.2x |
| Tue, 09 Nov 2021 | HK$456.6b | HK$475.2b | HK$125.2b | 9x | 3.6x | 1x |
| Thu, 07 Oct 2021 | HK$477.6b | HK$414.1b | HK$91.0b | 10.1x | 5.2x | 1.2x |
| Sat, 04 Sep 2021 | HK$568.9b | HK$412.6b | HK$90.7b | 11.6x | 6.3x | 1.4x |
| Mon, 02 Aug 2021 | HK$541.4b | HK$412.6b | HK$90.7b | 10.2x | 6x | 1.3x |
Price to Earnings Ratio
6x
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 8.6x which is higher than its 3-year average PE of 3.5x.
- The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have declined 23% per year over the last three years,
- Revenues have also declined 10% 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 | -3.89% | |
| Industrials | -2.87% | |
| Marine and Shipping | -3.16% | |
| Marine | -3.16% | |
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$10.74 | 1.1% +HK$1.9b | 30.8% | PE6.8x | |
| 1308 SITC International Holdings | HK$17.10 | 1.4% +HK$643.9m | 2.0% | PE11.1x | |
| 2490 LC Logistics | HK$28.05 | 3.9% +HK$300.6m | n/a | PE62.8x | |
| 1748 Xin Yuan Enterprises Group | HK$4.00 | 1.8% +HK$30.8m | 83.5% | PE26.5x | |
| 1145 Courage Investment Group | HK$0.084 | 12.0% +HK$9.9m | 18.3% | PS1.4x |