Canggang Railway (HKG:2169) Takes On Some Risk With Its Use Of Debt
Nov 11
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Hong Kong (HSI) Transportation Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies13
- 7D-1.1%
- 3M-1.2%
- 1Y-5.8%
- YTD-7.4%
Over the last 7 days, the Transportation industry has dropped 1.9%, driven by a pullback from MTR of 2.0%. On the other hand Canggang Railway is actually up 18%. The industry has fallen 6.5% in the last year. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Hong Kong Transportation Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$218.5b | HK$116.9b | HK$14.0b | 13.4x | 15.6x | 1.9x |
| Sat, 19 Oct 2024 | HK$233.4b | HK$116.8b | HK$14.1b | 14.3x | 16.6x | 2x |
| Mon, 16 Sep 2024 | HK$212.4b | HK$117.1b | HK$14.2b | 12.9x | 14.9x | 1.8x |
| Wed, 14 Aug 2024 | HK$209.0b | HK$113.1b | HK$10.5b | 17.7x | 19.9x | 1.8x |
| Fri, 12 Jul 2024 | HK$203.2b | HK$112.6b | HK$10.5b | 17.2x | 19.4x | 1.8x |
| Sun, 09 Jun 2024 | HK$205.6b | HK$110.9b | HK$10.3b | 12.5x | 19.9x | 1.9x |
| Tue, 07 May 2024 | HK$211.5b | HK$110.7b | HK$10.0b | 15x | 21.1x | 1.9x |
| Thu, 04 Apr 2024 | HK$198.5b | HK$109.8b | HK$10.0b | 12.3x | 19.9x | 1.8x |
| Sat, 02 Mar 2024 | HK$199.6b | HK$102.3b | HK$9.6b | 21.5x | 20.8x | 2x |
| Mon, 29 Jan 2024 | HK$204.1b | HK$102.5b | HK$9.6b | 22.1x | 21.2x | 2x |
| Wed, 27 Dec 2023 | HK$226.3b | HK$102.6b | HK$9.6b | 23.6x | 23.5x | 2.2x |
| Fri, 24 Nov 2023 | HK$230.6b | HK$102.2b | HK$9.6b | 20.1x | 24x | 2.3x |
| Sun, 22 Oct 2023 | HK$235.0b | HK$100.2b | HK$9.0b | 19.8x | 26.2x | 2.3x |
| Tue, 19 Sep 2023 | HK$239.6b | HK$100.3b | HK$9.0b | 19.1x | 26.7x | 2.4x |
| Thu, 17 Aug 2023 | HK$256.6b | HK$97.0b | HK$7.9b | 19x | 32.5x | 2.6x |
| Sat, 15 Jul 2023 | HK$267.5b | HK$93.3b | HK$8.4b | 20x | 31.7x | 2.9x |
| Mon, 12 Jun 2023 | HK$276.6b | HK$93.3b | HK$8.4b | 27.7x | 32.8x | 3x |
| Wed, 10 May 2023 | HK$287.6b | HK$94.5b | HK$8.4b | 28.8x | 34.3x | 3x |
| Fri, 07 Apr 2023 | HK$278.7b | HK$101.2b | HK$7.8b | 34.2x | 35.7x | 2.8x |
| Sun, 05 Mar 2023 | HK$285.0b | HK$94.0b | HK$10.6b | 21.6x | 26.9x | 3x |
| Tue, 31 Jan 2023 | HK$300.8b | HK$94.8b | HK$10.6b | 22.9x | 28.4x | 3.2x |
| Thu, 29 Dec 2022 | HK$289.0b | HK$93.3b | HK$10.6b | 22x | 27.2x | 3.1x |
| Sat, 26 Nov 2022 | HK$259.5b | HK$92.4b | HK$10.6b | 19.9x | 24.5x | 2.8x |
| Mon, 24 Oct 2022 | HK$237.3b | HK$91.6b | HK$10.5b | 12.6x | 22.5x | 2.6x |
| Wed, 21 Sep 2022 | HK$278.8b | HK$92.8b | HK$10.5b | 14.8x | 26.5x | 3x |
| Fri, 19 Aug 2022 | HK$289.2b | HK$96.3b | HK$8.4b | 18.9x | 34.5x | 3x |
| Sun, 17 Jul 2022 | HK$289.1b | HK$95.8b | HK$6.3b | 16.1x | 45.8x | 3x |
| Tue, 14 Jun 2022 | HK$287.4b | HK$92.3b | HK$6.0b | 23x | 48.1x | 3.1x |
| Thu, 12 May 2022 | HK$296.9b | HK$92.2b | HK$6.0b | 21.7x | 49.5x | 3.2x |
| Sat, 09 Apr 2022 | HK$291.4b | HK$93.5b | HK$6.2b | 20.9x | 47.3x | 3.1x |
| Mon, 07 Mar 2022 | HK$277.8b | HK$76.5b | HK$586.9m | 9x | 473.3x | 3.6x |
| Wed, 02 Feb 2022 | HK$288.5b | HK$76.3b | HK$582.8m | 10x | 495x | 3.8x |
| Fri, 31 Dec 2021 | HK$288.7b | HK$76.3b | HK$582.3m | 10.7x | 495.8x | 3.8x |
| Sun, 28 Nov 2021 | HK$286.6b | HK$76.1b | HK$601.9m | 11.6x | 476.2x | 3.8x |
Price to Earnings Ratio
476.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Transportation industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.6x which is lower than its 3-year average PE of 74.8x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Transportation industry have grown 185% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 0.42% | |
| Industrials | 0.40% | |
| Transportation | -1.14% | |
| Cargo Ground Transportation | 0.0082% | |
| Railroads | -1.15% | |
| Trucking | -2.83% | |
Industry PE
- Investors are most optimistic about the Railroads industry which is trading above its 3-year average PE ratio of 2.1x.
- Analysts are expecting annual earnings growth of 9.2%, which is higher than its past year's earnings growth of 4.1% per year.
- Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 34.9x.
Forecasted Growth
- Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 4.5% per year.
- In contrast, the Railroads industry is expected to see its earnings grow by 9.2% 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 | |
|---|---|---|---|---|---|
| 2169 Canggang Railway | HK$0.95 | 21.8% +HK$669.6m | -51.8% | PE64.3x | |
| 66 MTR | HK$27.50 | 0.4% +HK$622.5m | -8.0% | PE17.7x | |
| 525 Guangshen Railway | HK$2.12 | 3.9% +HK$566.7m | 40.4% | PE11.2x | |
| 9956 ANE (Cayman) | HK$8.14 | 1.1% +HK$104.3m | 27.4% | PE13.2x | |
| 2505 EDA Group Holdings | HK$2.25 | 2.3% +HK$22.0m | n/a | PE13.1x |
