West China Cement (HKG:2233) Has A Somewhat Strained Balance Sheet
Nov 03
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Hong Kong (HSI) Construction Materials Industry Analysis
UpdatedNov 07, 2025
DataAggregated Company Financials
Companies19
- 7D-1.4%
- 3M8.5%
- 1Y27.5%
- YTDn/a
Over the last 7 days, the Construction Materials industry has dropped 2.9%, driven by a pullback from China National Building Material of 2.3%. This takes the industry's 12 month performance to a gain of 32%. As for the next few years, earnings are expected to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Fri, 07 Nov 2025 | HK$103.2b | HK$379.1b | HK$6.5b | 16x | 15.9x | 0.3x |
| Sun, 05 Oct 2025 | HK$105.1b | HK$389.3b | HK$6.6b | 16.7x | 16x | 0.3x |
| Tue, 02 Sep 2025 | HK$240.3b | HK$488.4b | HK$17.4b | 14.5x | 13.8x | 0.5x |
| Thu, 31 Jul 2025 | HK$228.4b | HK$489.2b | HK$12.5b | 15.1x | 18.2x | 0.5x |
| Sat, 28 Jun 2025 | HK$195.4b | HK$489.9b | HK$12.6b | 12.1x | 15.5x | 0.4x |
| Mon, 26 May 2025 | HK$202.5b | HK$488.5b | HK$11.4b | 12.6x | 17.8x | 0.4x |
| Wed, 23 Apr 2025 | HK$213.9b | HK$473.9b | HK$9.5b | 14.4x | 22.5x | 0.5x |
| Fri, 21 Mar 2025 | HK$220.2b | HK$505.7b | HK$7.4b | 39x | 29.8x | 0.4x |
| Sun, 16 Feb 2025 | HK$210.3b | HK$507.2b | HK$6.1b | 34.5x | 34.7x | 0.4x |
| Tue, 14 Jan 2025 | HK$199.5b | HK$502.1b | HK$6.0b | 30.9x | 33.3x | 0.4x |
| Thu, 12 Dec 2024 | HK$221.9b | HK$503.0b | HK$5.9b | 35.7x | 37.6x | 0.4x |
| Sat, 09 Nov 2024 | HK$228.5b | HK$503.5b | HK$6.8b | 34.4x | 33.5x | 0.5x |
| Mon, 07 Oct 2024 | HK$228.1b | HK$522.1b | HK$5.8b | 52.3x | 39.5x | 0.4x |
| Wed, 04 Sep 2024 | HK$169.0b | HK$519.8b | HK$6.3b | 39x | 26.7x | 0.3x |
| Fri, 02 Aug 2024 | HK$187.9b | HK$533.2b | HK$12.5b | 12.1x | 15x | 0.4x |
| Sun, 30 Jun 2024 | HK$187.5b | HK$539.8b | HK$11.8b | 12.4x | 15.9x | 0.3x |
| Tue, 28 May 2024 | HK$204.8b | HK$541.6b | HK$11.9b | 13.8x | 17.2x | 0.4x |
| Thu, 25 Apr 2024 | HK$184.6b | HK$574.2b | HK$15.2b | 13.5x | 12.2x | 0.3x |
| Sat, 23 Mar 2024 | HK$200.0b | HK$567.6b | HK$13.8b | 12.7x | 14.5x | 0.4x |
| Mon, 19 Feb 2024 | HK$211.3b | HK$576.7b | HK$17.5b | 14.3x | 12x | 0.4x |
| Wed, 17 Jan 2024 | HK$206.2b | HK$576.9b | HK$17.6b | 12.3x | 11.7x | 0.4x |
| Fri, 15 Dec 2023 | HK$200.9b | HK$580.3b | HK$17.6b | 13.8x | 11.4x | 0.3x |
| Sun, 12 Nov 2023 | HK$220.5b | HK$568.6b | HK$17.3b | 13.6x | 12.8x | 0.4x |
| Tue, 10 Oct 2023 | HK$235.0b | HK$576.9b | HK$19.5b | 10.4x | 12x | 0.4x |
| Thu, 07 Sep 2023 | HK$252.7b | HK$576.8b | HK$19.5b | 12.2x | 13x | 0.4x |
| Sat, 05 Aug 2023 | HK$277.0b | HK$596.9b | HK$25.4b | 9.9x | 10.9x | 0.5x |
| Mon, 03 Jul 2023 | HK$258.3b | HK$593.2b | HK$25.3b | 10.2x | 10.2x | 0.4x |
| Wed, 31 May 2023 | HK$262.2b | HK$607.3b | HK$25.9b | 11.9x | 10.1x | 0.4x |
| Fri, 28 Apr 2023 | HK$291.8b | HK$622.7b | HK$33.4b | 10.5x | 8.7x | 0.5x |
| Sun, 26 Mar 2023 | HK$325.1b | HK$662.2b | HK$45.3b | 9x | 7.2x | 0.5x |
| Tue, 21 Feb 2023 | HK$351.0b | HK$672.3b | HK$49.6b | 6.5x | 7.1x | 0.5x |
| Thu, 19 Jan 2023 | HK$330.6b | HK$680.9b | HK$50.2b | 6.8x | 6.6x | 0.5x |
| Sat, 17 Dec 2022 | HK$326.1b | HK$657.9b | HK$48.5b | 6.5x | 6.7x | 0.5x |
| Mon, 14 Nov 2022 | HK$289.1b | HK$650.2b | HK$48.0b | 5.8x | 6x | 0.4x |
Price to Earnings Ratio
6x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Construction Materials 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 16.7x.
- The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
- The earnings for companies in the Construction Materials industry have declined 49% per year over the last three years,
- Revenues have also declined 16% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Construction Materials compare with similar industries?
| HK Market | 1.01% | |
| Materials | 1.42% | |
| Basic Materials | -1.37% | |
| Construction Materials | -1.37% | |
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 | |
|---|---|---|---|---|---|
| 2233 West China Cement | HK$3.14 | 5.7% +HK$928.6m | 153.2% | PE15.9x | |
| 3323 China National Building Material | HK$5.54 | 0.5% +HK$227.8m | 51.8% | PE6.4x | |
| 2450 Huaibei GreenGold Industry Investment | HK$3.38 | 19.0% +HK$142.6m | 125.3% | PS3.2x | |
| 2187 Zhixin Group Holding | HK$0.49 | 22.5% +HK$67.3m | -15.5% | PS0.6x | |
| 1252 China Tianrui Group Cement | HK$0.33 | 3.2% +HK$30.8m | n/a | PE2.8x |
