Analysis Article • 2h
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- 7D2.9%
- 3M-4.2%
- 1Y-0.7%
- YTD-4.2%
In the last week, the Chemicals industry is up 2.9%, with China XLX Fertiliser up 11%. Meanwhile, Fufeng Group actually underperformed within the industry, shrinking 8.1% in the last week. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 46% per annum.
Industry Valuation and Performance
Has the Hong Kong Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 02 Sep 2026 | HK$166.7b | HK$339.4b | HK$7.1b | 10.1x | 23.4x | 0.5x |
| Fri, 31 Jul 2026 | HK$155.2b | HK$326.1b | HK$7.5b | 10.4x | 20.6x | 0.5x |
| Sun, 28 Jun 2026 | HK$186.2b | HK$323.8b | HK$7.2b | 12.1x | 25.9x | 0.6x |
| Tue, 26 May 2026 | HK$170.0b | HK$323.3b | HK$7.4b | 12x | 22.9x | 0.5x |
| Thu, 23 Apr 2026 | HK$175.6b | HK$323.7b | HK$6.8b | 10.8x | 25.7x | 0.5x |
| Sat, 21 Mar 2026 | HK$181.2b | HK$323.7b | HK$9.3b | 9.8x | 19.4x | 0.6x |
| Mon, 16 Feb 2026 | HK$183.0b | HK$327.0b | HK$10.8b | 9.5x | 17x | 0.6x |
| Wed, 14 Jan 2026 | HK$170.7b | HK$323.3b | HK$10.7b | 8.7x | 16x | 0.5x |
| Fri, 12 Dec 2025 | HK$162.0b | HK$318.9b | HK$10.5b | 8.9x | 15.4x | 0.5x |
| Sun, 09 Nov 2025 | HK$160.1b | HK$315.6b | HK$10.4b | 9.7x | 15.4x | 0.5x |
| Tue, 07 Oct 2025 | HK$162.0b | HK$319.3b | HK$10.4b | 8.6x | 15.6x | 0.5x |
| Thu, 04 Sep 2025 | HK$162.5b | HK$319.1b | HK$10.4b | 8x | 15.6x | 0.5x |
| Sat, 02 Aug 2025 | HK$150.9b | HK$326.6b | HK$8.9b | 9.6x | 17x | 0.5x |
| Mon, 30 Jun 2025 | HK$141.5b | HK$328.4b | HK$8.9b | 9.4x | 15.9x | 0.4x |
| Wed, 28 May 2025 | HK$134.1b | HK$326.2b | HK$8.7b | 9.4x | 15.5x | 0.4x |
| Fri, 25 Apr 2025 | HK$128.1b | HK$319.0b | HK$8.5b | 9.2x | 15.1x | 0.4x |
| Sun, 23 Mar 2025 | HK$134.2b | HK$326.2b | HK$9.2b | 9.6x | 14.5x | 0.4x |
| Tue, 18 Feb 2025 | HK$128.0b | HK$329.0b | HK$8.6b | 10x | 15x | 0.4x |
| Thu, 16 Jan 2025 | HK$124.6b | HK$326.3b | HK$8.5b | 9.5x | 14.7x | 0.4x |
| Sat, 14 Dec 2024 | HK$128.0b | HK$328.1b | HK$8.5b | 9.3x | 15x | 0.4x |
| Mon, 11 Nov 2024 | HK$130.1b | HK$331.8b | HK$8.3b | 9.7x | 15.6x | 0.4x |
| Wed, 09 Oct 2024 | HK$137.0b | HK$340.2b | HK$8.8b | 9.2x | 15.7x | 0.4x |
| Fri, 06 Sep 2024 | HK$116.3b | HK$338.8b | HK$8.6b | 9.4x | 13.6x | 0.3x |
| Sun, 04 Aug 2024 | HK$120.5b | HK$326.6b | HK$10.2b | 9.8x | 11.8x | 0.4x |
| Tue, 02 Jul 2024 | HK$126.2b | HK$322.1b | HK$9.9b | 9.2x | 12.7x | 0.4x |
| Thu, 30 May 2024 | HK$134.8b | HK$321.1b | HK$10.0b | 10.4x | 13.4x | 0.4x |
| Sat, 27 Apr 2024 | HK$125.9b | HK$321.7b | HK$10.0b | 10.2x | 12.5x | 0.4x |
| Mon, 25 Mar 2024 | HK$118.5b | HK$322.2b | HK$11.7b | 6.5x | 10.1x | 0.4x |
| Wed, 21 Feb 2024 | HK$113.8b | HK$315.3b | HK$10.8b | 5.8x | 10.5x | 0.4x |
| Fri, 19 Jan 2024 | HK$112.1b | HK$318.8b | HK$11.3b | 5.4x | 9.9x | 0.4x |
| Sun, 17 Dec 2023 | HK$114.0b | HK$319.0b | HK$11.3b | 5.1x | 10.1x | 0.4x |
| Tue, 14 Nov 2023 | HK$114.6b | HK$312.1b | HK$11.0b | 5.1x | 10.4x | 0.4x |
| Thu, 12 Oct 2023 | HK$116.7b | HK$298.0b | HK$9.0b | 5.5x | 12.9x | 0.4x |
| Sat, 09 Sep 2023 | HK$121.9b | HK$300.5b | HK$10.5b | 5.7x | 11.6x | 0.4x |
Price to Earnings Ratio
11.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.4x which is higher than its 3-year average PE of 15.5x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 1.17% | |
| Materials | -1.79% | |
| Chemicals | 2.91% | |
| Industrial Gases | 10.59% | |
| Specialty Chemicals | 6.16% | |
| Fertilizers and Agricultural Chemicals | 3.30% | |
| Commodity Chemicals | 1.49% | |
| Diversified Chemicals | -6.20% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 34.9x.
- Analysts are expecting annual earnings growth of 94.5%, which is higher than its past year's earnings growth of 2.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 94% over the next 5 years.
- This is better than its past earnings growth rate of 2.2% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 1866 China XLX Fertiliser | HK$11.47 | 11.1% +HK$1.7b | 53.1% | PE11.4x | |
| 189 Dongyue Group | HK$13.45 | 5.3% +HK$1.2b | 7.1% | PE10.6x | |
| 338 Sinopec Shanghai Petrochemical | HK$1.18 | 3.5% +HK$421.7m | -11.3% | PS0.1x | |
| 2198 China Sanjiang Fine Chemicals | HK$3.81 | 6.7% +HK$283.8m | 112.8% | PE5.1x | |
| 301 SANVO Fine Chemicals Group | HK$7.23 | 7.8% +HK$247.0m | 464.5% | PS2.7x |