Improved Earnings Required Before COSCO SHIPPING Holdings Co., Ltd. (HKG:1919) Shares Find Their Feet
Nov 19
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Hong Kong (HSI) Marine Industry Analysis
UpdatedNov 24, 2024
DataAggregated Company Financials
Companies16
- 7D-1.9%
- 3M8.0%
- 1Y44.5%
- YTDn/a
Over the last 7 days, the Marine industry has dropped 1.9%, driven by COSCO SHIPPING Holdings declining 1.9%. In contrast, Ever Harvest Group Holdings has gained 9.0%. Over the past 12 months, the industry was up 45%. In the next few years, earnings are forecast to decline by 17% annually.
Industry Valuation and Performance
Has the Hong Kong Marine Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | HK$383.8b | HK$350.9b | HK$56.9b | 8.4x | 6.7x | 1.1x |
| Tue, 22 Oct 2024 | HK$393.4b | HK$314.3b | HK$40.2b | 7.8x | 9.8x | 1.3x |
| Thu, 19 Sep 2024 | HK$340.6b | HK$315.6b | HK$40.4b | 7.8x | 8.4x | 1.1x |
| Sat, 17 Aug 2024 | HK$354.5b | HK$302.8b | HK$41.2b | 12.7x | 8.6x | 1.2x |
| Mon, 15 Jul 2024 | HK$376.7b | HK$299.8b | HK$41.1b | 13.6x | 9.2x | 1.3x |
| Wed, 12 Jun 2024 | HK$460.3b | HK$299.8b | HK$41.0b | 14.7x | 11.2x | 1.5x |
| Fri, 10 May 2024 | HK$383.1b | HK$300.8b | HK$41.1b | 13.1x | 9.3x | 1.3x |
| Sun, 07 Apr 2024 | HK$294.2b | HK$300.1b | HK$41.6b | 10.6x | 7.1x | 1x |
| Tue, 05 Mar 2024 | HK$307.5b | HK$383.6b | HK$89.3b | 6.4x | 3.4x | 0.8x |
| Thu, 01 Feb 2024 | HK$292.7b | HK$389.9b | HK$91.4b | 6.5x | 3.2x | 0.8x |
| Sat, 30 Dec 2023 | HK$289.7b | HK$389.7b | HK$91.4b | 6.6x | 3.2x | 0.7x |
| Mon, 27 Nov 2023 | HK$276.9b | HK$384.1b | HK$90.7b | 5.8x | 3.1x | 0.7x |
| Wed, 25 Oct 2023 | HK$266.9b | HK$447.9b | HK$119.1b | 5.8x | 2.2x | 0.6x |
| Fri, 22 Sep 2023 | HK$289.2b | HK$448.2b | HK$119.2b | 6.1x | 2.4x | 0.6x |
| Sun, 20 Aug 2023 | HK$292.2b | HK$516.7b | HK$149.9b | 6.6x | 1.9x | 0.6x |
| Tue, 18 Jul 2023 | HK$296.5b | HK$584.5b | HK$196.1b | 6.2x | 1.5x | 0.5x |
| Thu, 15 Jun 2023 | HK$295.4b | HK$586.5b | HK$197.0b | 4.1x | 1.5x | 0.5x |
| Sat, 13 May 2023 | HK$352.7b | HK$598.2b | HK$200.2b | 4.1x | 1.8x | 0.6x |
| Mon, 10 Apr 2023 | HK$351.3b | HK$701.6b | HK$235.6b | 4.1x | 1.5x | 0.5x |
| Wed, 08 Mar 2023 | HK$353.8b | HK$700.8b | HK$233.8b | 3.3x | 1.5x | 0.5x |
| Fri, 03 Feb 2023 | HK$346.3b | HK$717.4b | HK$241.3b | 2.6x | 1.4x | 0.5x |
| Sun, 01 Jan 2023 | HK$332.6b | HK$701.7b | HK$236.7b | 2.6x | 1.4x | 0.5x |
| Tue, 29 Nov 2022 | HK$345.6b | HK$684.6b | HK$231.9b | 2.5x | 1.5x | 0.5x |
| Thu, 27 Oct 2022 | HK$325.3b | HK$666.7b | HK$229.1b | 2x | 1.4x | 0.5x |
| Sat, 24 Sep 2022 | HK$351.9b | HK$678.5b | HK$232.5b | 2.2x | 1.5x | 0.5x |
| Mon, 22 Aug 2022 | HK$476.5b | HK$658.9b | HK$219.7b | 3.2x | 2.2x | 0.7x |
| Wed, 20 Jul 2022 | HK$485.6b | HK$619.3b | HK$190.7b | 3.8x | 2.5x | 0.8x |
| Fri, 17 Jun 2022 | HK$499.9b | HK$621.9b | HK$191.4b | 4.9x | 2.6x | 0.8x |
| Sun, 15 May 2022 | HK$494.7b | HK$617.2b | HK$190.1b | 4.5x | 2.6x | 0.8x |
| Tue, 12 Apr 2022 | HK$496.3b | HK$595.0b | HK$182.7b | 4.2x | 2.7x | 0.8x |
| Thu, 10 Mar 2022 | HK$553.9b | HK$495.8b | HK$135.8b | 5.2x | 4.1x | 1.1x |
| Sat, 05 Feb 2022 | HK$529.9b | HK$477.9b | HK$126.0b | 11x | 4.2x | 1.1x |
| Mon, 03 Jan 2022 | HK$562.7b | HK$478.7b | HK$126.2b | 10.1x | 4.5x | 1.2x |
| Wed, 01 Dec 2021 | HK$515.8b | HK$476.9b | HK$125.7b | 10.5x | 4.1x | 1.1x |
Price to Earnings Ratio
4.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Marine industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 6.8x which is higher than its 3-year average PE of 3.9x.
- The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Marine industry have declined 23% per year over the last three years,
- Revenues have also declined 9.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Marine compare with similar industries?
| HK Market | -0.64% | |
| Industrials | 0.066% | |
| Marine and Shipping | -1.90% | |
| Marine | -1.90% | |
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 | |
|---|---|---|---|---|---|
| 1549 Ever Harvest Group Holdings | HK$0.11 | 9.0% +HK$14.0m | 9.0% | PS0.5x | |
| 137 Jinhui Holdings | HK$0.68 | 3.0% +HK$10.6m | -1.4% | PS0.4x |