Why Investors Shouldn't Be Surprised By SANVO Fine Chemicals Group Limited's (HKG:301) P/S
Aug 27
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Hong Kong (HSI) Chemicals Industry Analysis
UpdatedAug 29, 2025
DataAggregated Company Financials
Companies39
- 7D1.0%
- 3M22.5%
- 1Y43.8%
- YTD28.9%
The Chemicals industry is up 1.0% in the last week, with Huabao International Holdings up 9.9%. This takes the industry's 12 month performance to a gain of 44%. As for the next few years, earnings are expected to grow by 47% 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 |
|---|---|---|---|---|---|---|
| Fri, 29 Aug 2025 | HK$164.6b | HK$326.7b | HK$9.1b | 8.9x | 18.1x | 0.5x |
| Sun, 27 Jul 2025 | HK$156.0b | HK$328.5b | HK$8.9b | 9.8x | 17.5x | 0.5x |
| Tue, 24 Jun 2025 | HK$140.5b | HK$327.6b | HK$8.7b | 9.4x | 16.1x | 0.4x |
| Thu, 22 May 2025 | HK$132.0b | HK$325.5b | HK$8.6b | 9.4x | 15.3x | 0.4x |
| Sat, 19 Apr 2025 | HK$127.5b | HK$320.5b | HK$8.7b | 8.8x | 14.7x | 0.4x |
| Mon, 17 Mar 2025 | HK$135.6b | HK$329.7b | HK$8.5b | 9.3x | 15.9x | 0.4x |
| Wed, 12 Feb 2025 | HK$128.1b | HK$327.6b | HK$8.5b | 10x | 15x | 0.4x |
| Fri, 10 Jan 2025 | HK$124.6b | HK$326.0b | HK$8.5b | 9.4x | 14.7x | 0.4x |
| Sun, 08 Dec 2024 | HK$127.1b | HK$328.5b | HK$8.5b | 9.2x | 14.9x | 0.4x |
| Tue, 05 Nov 2024 | HK$128.0b | HK$335.6b | HK$8.4b | 9.3x | 15.2x | 0.4x |
| Thu, 03 Oct 2024 | HK$135.1b | HK$341.8b | HK$8.8b | 8.5x | 15.4x | 0.4x |
| Sat, 31 Aug 2024 | HK$118.8b | HK$334.5b | HK$8.7b | 9.7x | 13.7x | 0.4x |
| Mon, 29 Jul 2024 | HK$120.8b | HK$322.8b | HK$10.0b | 9.9x | 12.1x | 0.4x |
| Wed, 26 Jun 2024 | HK$127.5b | HK$322.2b | HK$10.0b | 9.6x | 12.8x | 0.4x |
| Fri, 24 May 2024 | HK$132.8b | HK$321.4b | HK$10.1b | 10.4x | 13.2x | 0.4x |
| Sun, 21 Apr 2024 | HK$123.2b | HK$323.3b | HK$10.1b | 9.2x | 12.2x | 0.4x |
| Tue, 19 Mar 2024 | HK$115.9b | HK$320.3b | HK$11.2b | 5.3x | 10.3x | 0.4x |
| Thu, 15 Feb 2024 | HK$110.3b | HK$315.8b | HK$10.9b | 5.7x | 10.2x | 0.3x |
| Sat, 13 Jan 2024 | HK$116.6b | HK$319.9b | HK$11.3b | 5.5x | 10.3x | 0.4x |
| Mon, 11 Dec 2023 | HK$114.8b | HK$317.2b | HK$11.2b | 5x | 10.2x | 0.4x |
| Wed, 08 Nov 2023 | HK$116.5b | HK$312.7b | HK$11.0b | 5.2x | 10.6x | 0.4x |
| Fri, 06 Oct 2023 | HK$120.7b | HK$298.4b | HK$9.0b | 5.5x | 13.4x | 0.4x |
| Sun, 03 Sep 2023 | HK$124.0b | HK$304.0b | HK$10.7b | 5.6x | 11.6x | 0.4x |
| Tue, 01 Aug 2023 | HK$133.8b | HK$312.2b | HK$13.1b | 5.1x | 10.2x | 0.4x |
| Thu, 29 Jun 2023 | HK$123.2b | HK$309.7b | HK$13.0b | 4.9x | 9.5x | 0.4x |
| Sat, 27 May 2023 | HK$135.4b | HK$316.8b | HK$13.3b | 5x | 10.2x | 0.4x |
| Mon, 24 Apr 2023 | HK$145.6b | HK$329.1b | HK$14.0b | 5.1x | 10.4x | 0.4x |
| Wed, 22 Mar 2023 | HK$145.7b | HK$341.9b | HK$15.2b | 5.4x | 9.6x | 0.4x |
| Fri, 17 Feb 2023 | HK$153.0b | HK$344.7b | HK$15.8b | 5.4x | 9.7x | 0.4x |
| Sun, 15 Jan 2023 | HK$151.9b | HK$350.1b | HK$16.1b | 5.1x | 9.5x | 0.4x |
| Tue, 13 Dec 2022 | HK$148.5b | HK$336.5b | HK$15.4b | 5.2x | 9.6x | 0.4x |
| Thu, 10 Nov 2022 | HK$135.6b | HK$328.1b | HK$15.0b | 5.1x | 9x | 0.4x |
| Sat, 08 Oct 2022 | HK$137.7b | HK$347.4b | HK$17.7b | 5.2x | 7.8x | 0.4x |
| Mon, 05 Sep 2022 | HK$145.7b | HK$355.8b | HK$18.2b | 5.3x | 8x | 0.4x |
Price to Earnings Ratio
8x
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 18.1x which is higher than its 3-year average PE of 12.2x.
- The industry is trading close to its 3-year average PS ratio of 0.40x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 21% per year over the last three years,
- Revenues have also declined 2.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | -0.88% | |
| Materials | 4.05% | |
| Chemicals | 1.03% | |
| Industrial Gases | 24.07% | |
| Specialty Chemicals | 2.40% | |
| Fertilizers and Agricultural Chemicals | 2.16% | |
| Diversified Chemicals | -0.18% | |
| Commodity Chemicals | -0.86% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 22.4x.
- Analysts expect its future annual earnings growth (25.8%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Industrial Gases industry, which is trading close to its 3-year average of 5.0x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 95% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 336 Huabao International Holdings | HK$4.21 | 9.9% +HK$1.2b | 90.5% | PS3.6x | |
| 3983 China BlueChemical | HK$2.40 | 7.1% +HK$737.6m | 22.4% | PE9.9x | |
| 2573 Newtrend Group Holding | HK$12.50 | -5.7% HK$616.2m | n/a | PE27x | |
| 189 Dongyue Group | HK$12.73 | 1.0% +HK$225.3m | 128.1% | PE15.7x | |
| 1940 China Gas Industry Investment Holdings | HK$0.67 | 24.1% +HK$156.0m | 35.4% | PE4.8x |
