These 4 Measures Indicate That Pacific Basin Shipping (HKG:2343) Is Using Debt Reasonably Well
May 13
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Hong Kong (HSI) Marine and Shipping Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies16
- 7D10.1%
- 3M11.3%
- 1Y1.2%
- YTD8.1%
In the last week, the Marine and Shipping industry is up 10%, with COSCO SHIPPING Holdings up 13%. During this same period, the Asia Energy Logistics Group underperformed, falling 14%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are forecast to decline by 34% 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 |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | HK$422.8b | HK$411.5b | HK$91.6b | 6.4x | 4.6x | 1x |
| Fri, 11 Apr 2025 | HK$366.1b | HK$394.8b | HK$85.0b | 5.7x | 4.3x | 0.9x |
| Sun, 09 Mar 2025 | HK$367.3b | HK$351.9b | HK$57.2b | 7.9x | 6.4x | 1x |
| Tue, 04 Feb 2025 | HK$372.7b | HK$351.3b | HK$56.9b | 7.5x | 6.6x | 1.1x |
| Thu, 02 Jan 2025 | HK$409.1b | HK$348.5b | HK$56.4b | 6.9x | 7.3x | 1.2x |
| Sat, 30 Nov 2024 | HK$369.2b | HK$351.1b | HK$56.9b | 7.9x | 6.5x | 1.1x |
| Mon, 28 Oct 2024 | HK$403.3b | HK$314.0b | HK$40.2b | 8x | 10x | 1.3x |
| Wed, 25 Sep 2024 | HK$382.7b | HK$317.2b | HK$40.6b | 7.8x | 9.4x | 1.2x |
| Fri, 23 Aug 2024 | HK$358.8b | HK$303.9b | HK$41.5b | 11.6x | 8.7x | 1.2x |
| Sun, 21 Jul 2024 | HK$356.1b | HK$299.5b | HK$41.1b | 12.6x | 8.7x | 1.2x |
| Tue, 18 Jun 2024 | HK$411.2b | HK$299.8b | HK$41.0b | 14.1x | 10x | 1.4x |
| Thu, 16 May 2024 | HK$405.0b | HK$300.6b | HK$41.1b | 13.6x | 9.8x | 1.3x |
| Sat, 13 Apr 2024 | HK$303.1b | HK$300.2b | HK$41.6b | 11.2x | 7.3x | 1x |
| Mon, 11 Mar 2024 | HK$316.1b | HK$378.6b | HK$85.0b | 9x | 3.7x | 0.8x |
| Wed, 07 Feb 2024 | HK$297.3b | HK$389.8b | HK$91.4b | 6.5x | 3.3x | 0.8x |
| Fri, 05 Jan 2024 | HK$303.4b | HK$387.7b | HK$91.0b | 6.5x | 3.3x | 0.8x |
| Sun, 03 Dec 2023 | HK$273.1b | HK$385.6b | HK$91.0b | 5.7x | 3x | 0.7x |
| Tue, 31 Oct 2023 | HK$277.5b | HK$447.7b | HK$119.1b | 5.9x | 2.3x | 0.6x |
| Thu, 28 Sep 2023 | HK$280.7b | HK$447.9b | HK$119.1b | 6.2x | 2.4x | 0.6x |
| Sat, 26 Aug 2023 | HK$286.4b | HK$516.7b | HK$150.0b | 6.2x | 1.9x | 0.6x |
| Mon, 24 Jul 2023 | HK$304.2b | HK$583.8b | HK$196.0b | 6.2x | 1.6x | 0.5x |
| Wed, 21 Jun 2023 | HK$296.4b | HK$584.9b | HK$196.5b | 4.2x | 1.5x | 0.5x |
| Fri, 19 May 2023 | HK$341.6b | HK$592.8b | HK$198.6b | 4.1x | 1.7x | 0.6x |
| Sun, 16 Apr 2023 | HK$369.9b | HK$670.2b | HK$225.1b | 4.2x | 1.6x | 0.6x |
| Tue, 14 Mar 2023 | HK$338.0b | HK$706.2b | HK$235.7b | 3.1x | 1.4x | 0.5x |
| Thu, 09 Feb 2023 | HK$342.5b | HK$713.6b | HK$240.3b | 2.6x | 1.4x | 0.5x |
| Sat, 07 Jan 2023 | HK$326.9b | HK$706.0b | HK$237.9b | 2.6x | 1.4x | 0.5x |
| Mon, 05 Dec 2022 | HK$353.7b | HK$691.6b | HK$233.7b | 2.5x | 1.5x | 0.5x |
| Wed, 02 Nov 2022 | HK$317.0b | HK$679.2b | HK$230.6b | 1.8x | 1.4x | 0.5x |
| Fri, 30 Sep 2022 | HK$328.4b | HK$670.8b | HK$230.3b | 2.1x | 1.4x | 0.5x |
| Sun, 28 Aug 2022 | HK$465.0b | HK$656.2b | HK$218.6b | 3x | 2.1x | 0.7x |
| Tue, 26 Jul 2022 | HK$502.3b | HK$619.5b | HK$190.8b | 4.1x | 2.6x | 0.8x |
| Thu, 23 Jun 2022 | HK$475.9b | HK$623.6b | HK$191.9b | 4.8x | 2.5x | 0.8x |
| Sat, 21 May 2022 | HK$519.5b | HK$621.9b | HK$191.4b | 4.7x | 2.7x | 0.8x |
Price to Earnings Ratio
2.7x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Shipping 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 4.2x.
- The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have declined 22% per year over the last three years,
- Revenues have also declined 13% 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 | 2.09% | |
| Industrials | 3.34% | |
| Marine and Shipping | 10.10% | |
| Marine | 10.10% | |
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$13.96 | 13.3% +HK$25.3b | 11.1% | PE3.7x | |
| 316 Orient Overseas (International) | HK$130.10 | 15.3% +HK$11.4b | -6.3% | PE4.3x | |
| 1308 SITC International Holdings | HK$22.90 | 8.8% +HK$5.0b | 13.9% | PE7.7x | |
| 2510 T.S. Lines | HK$7.51 | 18.3% +HK$1.9b | n/a | PE4.4x | |
| 2343 Pacific Basin Shipping | HK$1.94 | 9.0% +HK$806.8m | -33.6% | PE9.5x |
