Here's What's Concerning About Tiande Chemical Holdings' (HKG:609) Returns On Capital
What financial metrics can indicate to us that a company is maturing or even in decline? When we see a declining return...
Has the Hong Kong Chemicals Industry valuation changed over the past few years?
|Sat, 27 Nov 2021||HK$245.8b||HK$294.7b||HK$18.3b||7.2x|
|Mon, 25 Oct 2021||HK$225.2b||HK$287.3b||HK$18.6b||7.6x|
|Wed, 22 Sep 2021||HK$249.8b||HK$284.1b||HK$18.4b||8.1x|
|Fri, 20 Aug 2021||HK$220.2b||HK$284.8b||HK$18.5b||8.4x|
|Fri, 04 Jun 2021||HK$179.1b||HK$267.3b||HK$14.7b||9.3x|
|Mon, 08 Mar 2021||HK$162.1b||HK$250.0b||HK$9.2b||10.7x|
|Thu, 10 Dec 2020||HK$131.5b||HK$244.9b||HK$7.9b||8.4x|
|Wed, 02 Sep 2020||HK$112.9b||HK$239.9b||HK$7.2b||9.2x|
|Sat, 06 Jun 2020||HK$98.0b||HK$253.8b||HK$9.9b||7.4x|
|Tue, 10 Mar 2020||HK$114.4b||HK$273.4b||HK$12.9b||7.7x|
|Mon, 02 Dec 2019||HK$113.2b||HK$269.1b||HK$14.3b||5.9x|
|Thu, 05 Sep 2019||HK$121.9b||HK$284.7b||HK$16.9b||7x|
|Sun, 09 Jun 2019||HK$143.4b||HK$291.4b||HK$18.5b||7.6x|
|Sat, 02 Mar 2019||HK$140.1b||HK$262.4b||HK$16.9b||8.4x|
|Tue, 04 Dec 2018||HK$130.5b||HK$254.3b||HK$16.7b||8.2x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 8.1x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 3.0% per year over the last three years, and revenues for these companies have grown 5.0% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Hong Kong Chemicals industry?
|Fertilizers and Agricultural Chemicals||-5.18%|
Industry PE: Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 10.3x. However analysts expect its future annual earnings growth (36%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today. Meanwhile, investors are most pessimistic about the Commodity Chemicals industry, which is trading below its 3-year average of 7.1x.
Forecasted Growth: Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 36% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 2.2% per year over the next few years.
Which companies have driven the market over the last 7 days?
Sunlight Technology Holdings
Tiande Chemical Holdings
Huabao International Holdings
China Boton Group
China Risun Group
Sinopec Shanghai Petrochemical
China Sanjiang Fine Chemicals
China XLX Fertiliser
Ko Yo Chemical (Group)
Tsaker Chemical Group
Yip's Chemical Holdings