Impressive Earnings May Not Tell The Whole Story For West China Cement (HKG:2233)
Apr 30
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Hong Kong (HSI) Construction Materials Industry Analysis
UpdatedMay 04, 2026
DataAggregated Company Financials
Companies20
- 7D0.6%
- 3M-8.9%
- 1Y20.9%
- YTDn/a
Last week, the Construction Materials industry hasn't moved much but West China Cement is up 5.0% in that time. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are expected to grow by 44% per annum.
Industry Valuation and Performance
Has the Hong Kong Construction Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 May 2026 | HK$93.5b | HK$373.8b | -HK$5,486,588,240.58 | 17.3x | -17x | 0.3x |
| Thu, 02 Apr 2026 | HK$94.3b | HK$374.9b | -HK$5,194,945,986.57 | 15.9x | -18.2x | 0.3x |
| Sat, 28 Feb 2026 | HK$119.6b | HK$396.4b | HK$6.8b | 11.8x | 17.5x | 0.3x |
| Mon, 26 Jan 2026 | HK$108.1b | HK$389.0b | HK$6.7b | 12.7x | 16.1x | 0.3x |
| Wed, 24 Dec 2025 | HK$98.2b | HK$384.5b | HK$6.6b | 12x | 14.8x | 0.3x |
| Fri, 21 Nov 2025 | HK$101.5b | HK$380.0b | HK$6.5b | 14.6x | 15.6x | 0.3x |
| Sun, 19 Oct 2025 | HK$107.3b | HK$388.3b | HK$6.6b | 17.4x | 16.3x | 0.3x |
| Tue, 16 Sep 2025 | HK$239.1b | HK$483.7b | HK$19.7b | 14.3x | 12.1x | 0.5x |
| Thu, 14 Aug 2025 | HK$233.9b | HK$488.3b | HK$13.3b | 17.7x | 17.6x | 0.5x |
| Sat, 12 Jul 2025 | HK$211.7b | HK$489.5b | HK$12.5b | 13.5x | 16.9x | 0.4x |
| Mon, 09 Jun 2025 | HK$197.7b | HK$488.9b | HK$11.4b | 11.9x | 17.3x | 0.4x |
| Wed, 07 May 2025 | HK$204.8b | HK$481.0b | HK$11.2b | 13.3x | 18.2x | 0.4x |
| Fri, 04 Apr 2025 | HK$213.1b | HK$476.9b | HK$9.6b | 14.3x | 22.3x | 0.4x |
| Sun, 02 Mar 2025 | HK$207.0b | HK$504.9b | HK$6.0b | 34.4x | 34.4x | 0.4x |
| Tue, 28 Jan 2025 | HK$211.5b | HK$507.7b | HK$6.1b | 33.2x | 34.9x | 0.4x |
| Thu, 26 Dec 2024 | HK$209.7b | HK$500.5b | HK$5.9b | 33.8x | 35.7x | 0.4x |
| Sat, 23 Nov 2024 | HK$211.2b | HK$498.3b | HK$6.8b | 32.5x | 31.3x | 0.4x |
| Mon, 21 Oct 2024 | HK$209.9b | HK$519.0b | HK$5.7b | 49.3x | 36.6x | 0.4x |
| Wed, 18 Sep 2024 | HK$165.3b | HK$521.3b | HK$5.8b | 36.7x | 28.6x | 0.3x |
| Fri, 16 Aug 2024 | HK$182.2b | HK$535.0b | HK$11.9b | 12.5x | 15.3x | 0.3x |
| Sun, 14 Jul 2024 | HK$197.1b | HK$532.4b | HK$12.5b | 13x | 15.7x | 0.4x |
| Tue, 11 Jun 2024 | HK$196.7b | HK$541.5b | HK$11.9b | 13.9x | 16.6x | 0.4x |
| Thu, 09 May 2024 | HK$191.5b | HK$551.3b | HK$12.8b | 13.1x | 14.9x | 0.3x |
| Sat, 06 Apr 2024 | HK$200.0b | HK$574.9b | HK$14.9b | 12.3x | 13.4x | 0.3x |
| Mon, 04 Mar 2024 | HK$210.4b | HK$576.8b | HK$17.5b | 13x | 12x | 0.4x |
| Wed, 31 Jan 2024 | HK$199.7b | HK$583.4b | HK$17.7b | 11.1x | 11.3x | 0.3x |
| Fri, 29 Dec 2023 | HK$208.2b | HK$583.4b | HK$17.7b | 14.7x | 11.7x | 0.4x |
| Sun, 26 Nov 2023 | HK$223.8b | HK$577.9b | HK$17.6b | 13.5x | 12.7x | 0.4x |
| Tue, 24 Oct 2023 | HK$217.5b | HK$574.6b | HK$19.4b | 9.9x | 11.2x | 0.4x |
| Thu, 21 Sep 2023 | HK$249.7b | HK$575.9b | HK$19.5b | 11.5x | 12.8x | 0.4x |
| Sat, 19 Aug 2023 | HK$254.9b | HK$588.1b | HK$24.3b | 11.5x | 10.5x | 0.4x |
| Mon, 17 Jul 2023 | HK$249.6b | HK$600.7b | HK$25.6b | 9.4x | 9.8x | 0.4x |
| Wed, 14 Jun 2023 | HK$269.5b | HK$601.4b | HK$25.6b | 11x | 10.5x | 0.4x |
| Fri, 12 May 2023 | HK$298.1b | HK$619.3b | HK$26.4b | 11.7x | 11.3x | 0.5x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Construction Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.38x.
Past Earnings Growth
- Total earnings for the Construction Materials industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 16% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Construction Materials compare with similar industries?
| HK Market | -0.78% | |
| Materials | -4.74% | |
| Basic Materials | 0.55% | |
| Construction Materials | 0.55% | |
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 | |
|---|---|---|---|---|---|
| 695 Dongwu Cement International | HK$7.35 | 2.2% +HK$88.3m | 219.6% | PS18.9x | |
| 2187 Zhixin Group Holding | HK$0.82 | 6.5% +HK$44.9m | 70.8% | PS1.2x | |
| 366 Luks Group (Vietnam Holdings) | HK$0.97 | 6.6% +HK$30.1m | 34.7% | PE26.9x | |
| 6193 Tailam Tech Construction Holdings | HK$0.30 | 15.4% +HK$16.0m | 38.2% | PE18.2x | |
| 58 Sunway International Holdings | HK$0.30 | 7.1% +HK$10.3m | 73.4% | PS0.8x |