Analysis Article • Apr 30
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- 7D-3.4%
- 3M-8.9%
- 1Y9.6%
- YTD-0.3%
Over the last 7 days, the Chemicals industry has dropped 3.4%, driven by pullbacks in Dongyue Group and Beijing Shougang LanzaTech Technology of 11% and 16%, respectively. In contrast, Global New Material International Holdings has gained 5.4%. Over the past 12 months, the industry was up 9.6%. As for the next few years, earnings are expected to grow by 41% 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 |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | HK$184.1b | HK$325.2b | HK$7.3b | 12.1x | 25.3x | 0.6x |
| Sat, 30 May 2026 | HK$169.4b | HK$324.2b | HK$7.4b | 10.9x | 22.7x | 0.5x |
| Mon, 27 Apr 2026 | HK$177.0b | HK$323.3b | HK$6.8b | 11.2x | 26x | 0.5x |
| Wed, 25 Mar 2026 | HK$177.8b | HK$323.1b | HK$8.1b | 9.3x | 22.1x | 0.6x |
| Fri, 20 Feb 2026 | HK$183.6b | HK$326.8b | HK$10.8b | 9.8x | 17x | 0.6x |
| Sun, 18 Jan 2026 | HK$171.0b | HK$323.4b | HK$10.7b | 9x | 16x | 0.5x |
| Tue, 16 Dec 2025 | HK$163.9b | HK$319.3b | HK$10.5b | 8.4x | 15.6x | 0.5x |
| Thu, 13 Nov 2025 | HK$164.0b | HK$315.6b | HK$10.4b | 9.6x | 15.8x | 0.5x |
| Sat, 11 Oct 2025 | HK$164.5b | HK$319.2b | HK$10.4b | 9.5x | 15.8x | 0.5x |
| Mon, 08 Sep 2025 | HK$162.8b | HK$319.2b | HK$10.4b | 8.1x | 15.7x | 0.5x |
| Wed, 06 Aug 2025 | HK$152.4b | HK$327.7b | HK$8.9b | 9.7x | 17.2x | 0.5x |
| Fri, 04 Jul 2025 | HK$143.6b | HK$328.9b | HK$8.9b | 9.5x | 16.1x | 0.4x |
| Sun, 01 Jun 2025 | HK$134.8b | HK$326.1b | HK$8.7b | 9.4x | 15.5x | 0.4x |
| Tue, 29 Apr 2025 | HK$128.7b | HK$318.5b | HK$8.5b | 9.1x | 15.2x | 0.4x |
| Thu, 27 Mar 2025 | HK$133.5b | HK$324.0b | HK$9.5b | 8.9x | 14x | 0.4x |
| Sat, 22 Feb 2025 | HK$127.4b | HK$328.9b | HK$8.5b | 9.7x | 14.9x | 0.4x |
| Mon, 20 Jan 2025 | HK$125.3b | HK$326.5b | HK$8.5b | 9.5x | 14.8x | 0.4x |
| Wed, 18 Dec 2024 | HK$128.1b | HK$327.6b | HK$8.5b | 9.2x | 15x | 0.4x |
| Fri, 15 Nov 2024 | HK$124.2b | HK$329.3b | HK$8.3b | 9.5x | 15x | 0.4x |
| Sun, 13 Oct 2024 | HK$134.5b | HK$339.4b | HK$8.7b | 9.2x | 15.4x | 0.4x |
| Tue, 10 Sep 2024 | HK$114.8b | HK$338.1b | HK$8.7b | 8.5x | 13.2x | 0.3x |
| Thu, 08 Aug 2024 | HK$118.7b | HK$325.7b | HK$10.2b | 9.6x | 11.6x | 0.4x |
| Sat, 06 Jul 2024 | HK$125.8b | HK$322.2b | HK$9.9b | 9.8x | 12.6x | 0.4x |
| Mon, 03 Jun 2024 | HK$132.6b | HK$321.8b | HK$10.1b | 10.3x | 13.1x | 0.4x |
| Wed, 01 May 2024 | HK$127.4b | HK$321.8b | HK$10.0b | 10.2x | 12.7x | 0.4x |
| Fri, 29 Mar 2024 | HK$117.8b | HK$319.2b | HK$9.3b | 8x | 12.6x | 0.4x |
| Sun, 25 Feb 2024 | HK$115.7b | HK$315.5b | HK$10.9b | 5.9x | 10.7x | 0.4x |
| Tue, 23 Jan 2024 | HK$107.8b | HK$318.6b | HK$11.3b | 5.6x | 9.6x | 0.3x |
| Thu, 21 Dec 2023 | HK$114.3b | HK$320.5b | HK$11.3b | 5.3x | 10.1x | 0.4x |
| Sat, 18 Nov 2023 | HK$113.8b | HK$314.9b | HK$11.1b | 5x | 10.2x | 0.4x |
| Mon, 16 Oct 2023 | HK$115.6b | HK$298.1b | HK$9.0b | 5.5x | 12.8x | 0.4x |
| Wed, 13 Sep 2023 | HK$121.7b | HK$302.2b | HK$10.6b | 5.6x | 11.5x | 0.4x |
| Fri, 11 Aug 2023 | HK$130.6b | HK$309.3b | HK$12.2b | 5.3x | 10.7x | 0.4x |
| Sun, 09 Jul 2023 | HK$126.5b | HK$310.3b | HK$13.0b | 5x | 9.7x | 0.4x |
Price to Earnings Ratio
9.7x
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 25.3x which is higher than its 3-year average PE of 14.9x.
- The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 18% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | -2.90% | |
| Materials | -6.84% | |
| Chemicals | -3.36% | |
| Industrial Gases | 8.00% | |
| Commodity Chemicals | -0.72% | |
| Fertilizers and Agricultural Chemicals | -3.49% | |
| Specialty Chemicals | -5.43% | |
| Diversified Chemicals | -7.53% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 24.2x.
- Analysts are expecting annual earnings growth of 88.2%, which is higher than its past year's earnings growth of 12.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 88% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 9.5% 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 | |
|---|---|---|---|---|---|
| 6616 Global New Material International Holdings | HK$7.08 | 5.4% +HK$449.4m | 38.0% | PS2.6x | |
| 3318 China Boton Group | HK$2.65 | 14.2% +HK$356.4m | 46.4% | PS1.7x | |
| 301 SANVO Fine Chemicals Group | HK$4.06 | 5.7% +HK$103.5m | 212.3% | PS1.6x | |
| 297 Sinofert Holdings | HK$1.30 | 0.8% +HK$70.2m | -2.3% | PE6.3x | |
| 1084 Green Fresh Biotechnology | HK$0.74 | 12.1% +HK$69.9m | 2.8% | PE85.1x |