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Hong Kong (HSI) Steel Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies22
- 7D1.9%
- 3M-1.8%
- 1Y1.1%
- YTDn/a
Over the last 7 days, the Steel industry has risen 1.9%, driven by gains in Maanshan Iron & Steel and Shougang Fushan Resources Group of 4.3% and 3.7%, respectively. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 74% annually.
Industry Valuation and Performance
Has the Hong Kong Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | HK$100.4b | HK$409.1b | -HK$8,521,165,775.32 | 6.7x | -11.8x | 0.2x |
| Thu, 28 Nov 2024 | HK$96.4b | HK$413.1b | -HK$8,638,452,707.83 | 6.9x | -11.2x | 0.2x |
| Sat, 26 Oct 2024 | HK$95.5b | HK$431.8b | -HK$4,280,622,046.12 | 7x | -22.3x | 0.2x |
| Mon, 23 Sep 2024 | HK$81.0b | HK$437.0b | -HK$4,368,905,516.60 | 8x | -18.5x | 0.2x |
| Wed, 21 Aug 2024 | HK$83.9b | HK$442.5b | -HK$4,966,142,433.58 | 7x | -16.9x | 0.2x |
| Fri, 19 Jul 2024 | HK$90.4b | HK$436.7b | -HK$4,976,038,437.42 | 7.5x | -18.2x | 0.2x |
| Sun, 16 Jun 2024 | HK$92.9b | HK$437.2b | -HK$4,983,538,050.87 | 7.9x | -18.6x | 0.2x |
| Tue, 14 May 2024 | HK$99.7b | HK$438.3b | -HK$5,005,898,365.61 | 8.1x | -19.9x | 0.2x |
| Thu, 11 Apr 2024 | HK$99.5b | HK$448.8b | -HK$3,360,979,034.10 | 7.5x | -29.6x | 0.2x |
| Sat, 09 Mar 2024 | HK$104.2b | HK$448.2b | -HK$2,704,387,731.86 | 4.2x | -38.5x | 0.2x |
| Mon, 05 Feb 2024 | HK$98.6b | HK$464.6b | -HK$4,179,885,493.00 | 3.8x | -23.6x | 0.2x |
| Wed, 03 Jan 2024 | HK$105.5b | HK$467.3b | -HK$4,223,662,343.00 | 4.4x | -25x | 0.2x |
| Fri, 01 Dec 2023 | HK$100.6b | HK$467.1b | -HK$4,221,509,545.00 | 4.3x | -23.8x | 0.2x |
| Sun, 29 Oct 2023 | HK$98.1b | HK$459.0b | -HK$7,007,867,250.00 | 4x | -14x | 0.2x |
| Tue, 26 Sep 2023 | HK$102.6b | HK$459.3b | -HK$7,017,758,666.00 | 4x | -14.6x | 0.2x |
| Thu, 24 Aug 2023 | HK$99.4b | HK$474.7b | -HK$1,296,065,282.00 | 4.1x | -76.7x | 0.2x |
| Sat, 22 Jul 2023 | HK$98.2b | HK$477.3b | -HK$2,415,218,840.00 | 4.6x | -40.7x | 0.2x |
| Mon, 19 Jun 2023 | HK$97.1b | HK$480.9b | -HK$2,456,300,272.00 | 4.5x | -39.5x | 0.2x |
| Wed, 17 May 2023 | HK$109.2b | HK$492.4b | -HK$2,589,099,924.00 | 5x | -42.2x | 0.2x |
| Fri, 14 Apr 2023 | HK$111.4b | HK$506.1b | HK$1.8b | 5.5x | 60.7x | 0.2x |
| Sun, 12 Mar 2023 | HK$114.7b | HK$506.9b | HK$5.5b | 3.7x | 20.9x | 0.2x |
| Tue, 07 Feb 2023 | HK$117.3b | HK$515.8b | HK$5.5b | 4x | 21.1x | 0.2x |
| Thu, 05 Jan 2023 | HK$109.6b | HK$507.0b | HK$5.5b | 3.7x | 19.9x | 0.2x |
| Sat, 03 Dec 2022 | HK$111.7b | HK$538.1b | HK$8.7b | 3.8x | 12.8x | 0.2x |
| Mon, 31 Oct 2022 | HK$96.6b | HK$530.2b | HK$9.7b | 3.2x | 9.9x | 0.2x |
| Wed, 28 Sep 2022 | HK$107.4b | HK$550.1b | HK$16.9b | 4.5x | 6.4x | 0.2x |
| Fri, 26 Aug 2022 | HK$123.5b | HK$579.1b | HK$28.9b | 3.8x | 4.3x | 0.2x |
| Sun, 24 Jul 2022 | HK$130.1b | HK$578.4b | HK$29.0b | 4.9x | 4.5x | 0.2x |
| Tue, 21 Jun 2022 | HK$147.4b | HK$581.2b | HK$29.1b | 4.8x | 5.1x | 0.3x |
| Thu, 19 May 2022 | HK$143.8b | HK$579.5b | HK$29.1b | 5.3x | 4.9x | 0.2x |
| Sat, 16 Apr 2022 | HK$162.6b | HK$595.8b | HK$30.6b | 4.6x | 5.3x | 0.3x |
| Mon, 14 Mar 2022 | HK$157.3b | HK$568.0b | HK$32.1b | 4.1x | 4.9x | 0.3x |
| Wed, 09 Feb 2022 | HK$164.9b | HK$558.3b | HK$33.9b | 4.3x | 4.9x | 0.3x |
| Fri, 07 Jan 2022 | HK$156.7b | HK$558.1b | HK$33.9b | n/a | 4.6x | 0.3x |
Price to Earnings Ratio
4.6x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Steel 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 PS ratio of 0.23x.
Past Earnings Growth
- Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 9.9% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Steel compare with similar industries?
| HK Market | 2.11% | |
| Materials | 1.69% | |
| Metals and Mining | 1.68% | |
| Steel | 1.88% | |
| Copper | 2.06% | |
| Gold | 2.02% | |
| Aluminum | 1.91% | |
| Diversified Metals and Mining | 0.40% | |
| Precious Metals and Minerals | 0% | |
| Silver | -0.83% | |
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 | |
|---|---|---|---|---|---|
| 323 Maanshan Iron & Steel | HK$1.47 | 6.5% +HK$697.2m | 19.5% | PS0.1x | |
| 639 Shougang Fushan Resources Group | HK$2.56 | 3.2% +HK$407.3m | -11.1% | PE8.7x | |
| 2798 Perennial Energy Holdings | HK$0.90 | 7.1% +HK$96.0m | 5.9% | PE2.2x | |
| 103 Shougang Century Holdings | HK$0.45 | 6.0% +HK$58.8m | 83.9% | PE14.2x | |
| 1029 IRC | HK$0.086 | 4.9% +HK$51.1m | -19.6% | PS0.6x |
