Canggang Railway Limited's (HKG:2169) Shares Climb 29% But Its Business Is Yet to Catch Up
Dec 06
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Hong Kong (HSI) Railroads Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies3
- 7D-3.3%
- 3M-2.1%
- 1Y-6.7%
- YTDn/a
Over the last 7 days, the Railroads industry has dropped 1.8%, driven by a pullback from MTR of 5.0%. In contrast, Canggang Railway has gained 5.9%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 7.9% per annum.
Industry Valuation and Performance
Has the Hong Kong Railroads Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | HK$194.8b | HK$87.8b | HK$11.0b | 17.2x | 17.6x | 2.2x |
| Tue, 19 Nov 2024 | HK$198.6b | HK$88.1b | HK$11.1b | 17.7x | 18x | 2.3x |
| Thu, 17 Oct 2024 | HK$211.0b | HK$88.2b | HK$11.1b | 18.7x | 19x | 2.4x |
| Sat, 14 Sep 2024 | HK$191.9b | HK$88.4b | HK$11.1b | 17.3x | 17.2x | 2.2x |
| Mon, 12 Aug 2024 | HK$188.9b | HK$86.4b | HK$9.2b | 20.7x | 20.6x | 2.2x |
| Wed, 10 Jul 2024 | HK$181.1b | HK$86.0b | HK$9.1b | 19.8x | 19.8x | 2.1x |
| Fri, 07 Jun 2024 | HK$189.8b | HK$86.1b | HK$9.1b | 20.9x | 20.8x | 2.2x |
| Sun, 05 May 2024 | HK$191.6b | HK$86.1b | HK$9.1b | 21.2x | 21x | 2.2x |
| Tue, 02 Apr 2024 | HK$184.7b | HK$85.7b | HK$9.0b | 20.6x | 20.5x | 2.2x |
| Thu, 29 Feb 2024 | HK$191.3b | HK$78.7b | HK$9.4b | 73.3x | 20.4x | 2.4x |
| Sat, 27 Jan 2024 | HK$189.0b | HK$78.9b | HK$9.4b | 97.2x | 20.2x | 2.4x |
| Mon, 25 Dec 2023 | HK$210.2b | HK$78.9b | HK$9.4b | 101.3x | 22.4x | 2.7x |
| Wed, 22 Nov 2023 | HK$214.7b | HK$78.8b | HK$9.4b | 128.3x | 22.9x | 2.7x |
| Fri, 20 Oct 2023 | HK$216.5b | HK$77.2b | HK$8.8b | 87x | 24.7x | 2.8x |
| Sun, 17 Sep 2023 | HK$222.9b | HK$77.3b | HK$8.8b | 72.7x | 25.5x | 2.9x |
| Tue, 15 Aug 2023 | HK$244.2b | HK$75.4b | HK$8.1b | 58.9x | 30.3x | 3.2x |
| Thu, 13 Jul 2023 | HK$245.9b | HK$71.1b | HK$8.6b | 43.3x | 28.6x | 3.5x |
| Sat, 10 Jun 2023 | HK$260.9b | HK$71.4b | HK$8.6b | 32.9x | 30.4x | 3.7x |
| Mon, 08 May 2023 | HK$274.2b | HK$72.1b | HK$8.6b | 31.1x | 32.1x | 3.8x |
| Wed, 05 Apr 2023 | HK$259.3b | HK$71.6b | HK$8.0b | 31.2x | 32.6x | 3.6x |
| Fri, 03 Mar 2023 | HK$268.6b | HK$71.6b | HK$9.7b | 31.3x | 27.6x | 3.8x |
| Sun, 29 Jan 2023 | HK$281.2b | HK$71.9b | HK$9.7b | 37.8x | 29x | 3.9x |
| Tue, 27 Dec 2022 | HK$273.3b | HK$71.3b | HK$9.8b | 38.1x | 28x | 3.8x |
| Thu, 24 Nov 2022 | HK$253.6b | HK$70.7b | HK$9.8b | 36.5x | 25.9x | 3.6x |
| Sat, 22 Oct 2022 | HK$227.5b | HK$70.1b | HK$9.8b | 25.9x | 23.3x | 3.2x |
| Mon, 19 Sep 2022 | HK$267.1b | HK$70.8b | HK$9.7b | 27.1x | 27.5x | 3.8x |
| Wed, 17 Aug 2022 | HK$276.2b | HK$72.4b | HK$10.2b | 20.7x | 27x | 3.8x |
| Fri, 15 Jul 2022 | HK$275.4b | HK$71.9b | HK$8.1b | 21.6x | 33.8x | 3.8x |
| Sun, 12 Jun 2022 | HK$277.3b | HK$71.9b | HK$8.1b | 25x | 34x | 3.9x |
| Tue, 10 May 2022 | HK$282.2b | HK$72.1b | HK$8.1b | 24.9x | 34.7x | 3.9x |
| Thu, 07 Apr 2022 | HK$279.5b | HK$72.5b | HK$8.4b | 24.7x | 33.1x | 3.9x |
| Sat, 05 Mar 2022 | HK$270.7b | HK$68.1b | -HK$1,339,430,194.00 | 27x | -202.1x | 4x |
| Mon, 31 Jan 2022 | HK$283.2b | HK$67.9b | -HK$1,343,733,592.00 | 25.9x | -210.7x | 4.2x |
| Wed, 29 Dec 2021 | HK$278.7b | HK$67.9b | -HK$1,343,997,885.00 | 26.3x | -207.4x | 4.1x |
Price to Earnings Ratio
-207.4x
Current Industry PE
- There are only 3 companies in the Hong Kong Railroads industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Total earnings for the Railroads industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 9.0% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Hong Kong Railroads compare with similar industries?
| HK Market | -0.53% | |
| Industrials | -1.83% | |
| Transportation | -3.09% | |
| Railroads | -3.35% | |
| Trucking | 0.056% | |
| Cargo Ground Transportation | -0.85% | |
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 | |
|---|---|---|---|---|---|
| 2169 Canggang Railway | HK$1.45 | 10.7% +HK$551.5m | -30.5% | PE98.9x |