Tiangong International (HKG:826) Might Be Having Difficulty Using Its Capital Effectively
Oct 19
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Hong Kong (HSI) Steel Industry Analysis
UpdatedNov 04, 2025
DataAggregated Company Financials
Companies22
- 7D-2.4%
- 3M4.6%
- 1Y46.1%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.4%, driven by a pullback from Angang Steel of 8.6%. This takes the industry's 12 month performance to a gain of 43%. Earnings are forecast to grow by 90% 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 |
|---|---|---|---|---|---|---|
| Wed, 05 Nov 2025 | HK$132.7b | HK$371.9b | -HK$7,612,341,053.43 | 11.5x | -17.4x | 0.4x |
| Fri, 03 Oct 2025 | HK$132.0b | HK$370.0b | -HK$11,580,145,209.24 | 10.4x | -11.4x | 0.4x |
| Sun, 31 Aug 2025 | HK$119.8b | HK$380.9b | -HK$11,271,502,376.31 | 7.8x | -10.6x | 0.3x |
| Tue, 29 Jul 2025 | HK$119.7b | HK$395.2b | -HK$11,015,988,151.12 | 5.4x | -10.9x | 0.3x |
| Thu, 26 Jun 2025 | HK$104.5b | HK$396.0b | -HK$11,390,231,265.46 | 4.6x | -9.2x | 0.3x |
| Sat, 24 May 2025 | HK$101.2b | HK$394.6b | -HK$11,338,339,449.18 | 4.2x | -8.9x | 0.3x |
| Mon, 21 Apr 2025 | HK$93.2b | HK$390.1b | -HK$12,205,511,599.34 | 4.2x | -7.6x | 0.2x |
| Wed, 19 Mar 2025 | HK$103.9b | HK$413.2b | -HK$8,651,437,002.19 | 8x | -12x | 0.3x |
| Fri, 14 Feb 2025 | HK$97.2b | HK$410.7b | -HK$8,563,946,522.28 | 6.6x | -11.3x | 0.2x |
| Sun, 12 Jan 2025 | HK$94.3b | HK$408.6b | -HK$8,502,528,426.09 | 6.3x | -11.1x | 0.2x |
| Tue, 10 Dec 2024 | HK$103.1b | HK$411.4b | -HK$8,587,714,090.49 | 6.9x | -12x | 0.3x |
| Thu, 07 Nov 2024 | HK$103.1b | HK$416.0b | -HK$8,725,332,355.69 | 6.6x | -11.8x | 0.2x |
| Sat, 05 Oct 2024 | HK$101.7b | HK$435.7b | -HK$4,349,184,920.59 | 8.9x | -23.4x | 0.2x |
| Mon, 02 Sep 2024 | HK$84.3b | HK$440.3b | -HK$5,305,307,180.65 | 6.4x | -15.9x | 0.2x |
| Wed, 31 Jul 2024 | HK$86.0b | HK$437.4b | -HK$4,988,087,705.29 | 6.9x | -17.2x | 0.2x |
| Fri, 28 Jun 2024 | HK$89.2b | HK$436.3b | -HK$4,966,782,754.20 | 7.5x | -18x | 0.2x |
| Sun, 26 May 2024 | HK$97.9b | HK$437.9b | -HK$4,998,100,356.35 | 7.8x | -19.6x | 0.2x |
| Tue, 23 Apr 2024 | HK$100.8b | HK$448.4b | -HK$3,355,403,395.60 | 7.2x | -30x | 0.2x |
| Thu, 21 Mar 2024 | HK$99.3b | HK$448.3b | -HK$2,450,045,699.87 | 4.8x | -40.5x | 0.2x |
| Sat, 17 Feb 2024 | HK$102.7b | HK$452.5b | -HK$2,789,045,274.16 | 4x | -36.8x | 0.2x |
| Mon, 15 Jan 2024 | HK$103.7b | HK$466.1b | -HK$4,203,640,944.00 | 4.4x | -24.7x | 0.2x |
| Wed, 13 Dec 2023 | HK$99.3b | HK$465.0b | -HK$4,188,979,157.00 | 4.6x | -23.7x | 0.2x |
| Fri, 10 Nov 2023 | HK$97.6b | HK$458.3b | -HK$4,065,384,315.00 | 4x | -24x | 0.2x |
| Sun, 08 Oct 2023 | HK$101.1b | HK$460.5b | -HK$7,044,558,726.00 | 3.9x | -14.4x | 0.2x |
| Tue, 05 Sep 2023 | HK$105.8b | HK$462.6b | -HK$7,075,413,130.00 | 4x | -15x | 0.2x |
| Thu, 03 Aug 2023 | HK$108.4b | HK$476.5b | -HK$2,404,791,220.00 | 5x | -45.1x | 0.2x |
| Sat, 01 Jul 2023 | HK$93.9b | HK$473.0b | -HK$2,365,410,980.00 | 4.5x | -39.7x | 0.2x |
| Mon, 29 May 2023 | HK$102.3b | HK$485.7b | -HK$2,512,018,097.00 | 4.9x | -40.7x | 0.2x |
| Wed, 26 Apr 2023 | HK$107.2b | HK$502.9b | HK$1.8b | 5.3x | 58.2x | 0.2x |
| Fri, 24 Mar 2023 | HK$117.8b | HK$515.9b | HK$6.7b | 4.9x | 17.5x | 0.2x |
| Sun, 19 Feb 2023 | HK$114.4b | HK$509.5b | HK$5.5b | 3.9x | 20.8x | 0.2x |
| Tue, 17 Jan 2023 | HK$113.9b | HK$517.3b | HK$5.6b | 4x | 20.5x | 0.2x |
| Thu, 15 Dec 2022 | HK$115.6b | HK$545.3b | HK$8.9b | 4.1x | 13.1x | 0.2x |
| Sat, 12 Nov 2022 | HK$104.5b | HK$531.4b | HK$8.7b | 3.5x | 12.1x | 0.2x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Steel industry, and appear confident in long term growth rates.
- 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 11% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Steel compare with similar industries?
| HK Market | -1.10% | |
| Materials | 0.17% | |
| Metals and Mining | 0.70% | |
| Steel | -2.41% | |
| Aluminum | 6.99% | |
| Gold | 0.93% | |
| Silver | -3.13% | |
| Diversified Metals and Mining | -5.62% | |
| Copper | -8.76% | |
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 | |
|---|---|---|---|---|---|
| 2623 Add New Energy Investment Holdings Group | HK$3.12 | 290.0% +HK$812.7m | 352.2% | PE13.4x | |
| 639 Shougang Fushan Resources Group | HK$3.14 | 2.6% +HK$407.3m | 10.2% | PE15.1x | |
| 6885 Henan Jinma Energy | HK$1.62 | 23.7% +HK$166.0m | 145.5% | PS0.09x | |
| 1116 Huiyuan Cowins Technology Group | HK$0.33 | 11.9% +HK$75.5m | n/a | PS0.9x | |
| 159 Brockman Mining | HK$0.12 | 3.6% +HK$37.1m | 18.4% | PB2.4x |
