Be Wary Of China Aluminum Cans Holdings (HKG:6898) And Its Returns On Capital
Jan 21
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Hong Kong (HSI) Packaging Industry Analysis
UpdatedJan 23, 2025
DataAggregated Company Financials
Companies19
- 7D2.0%
- 3M6.6%
- 1Y-1.5%
- YTD-2.1%
The Packaging industry is up 2.0% in the last week, with Jia Yao Holdings up 12%. In the same time, China Aluminum Cans Holdings was down 10.0%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 6.1% per annum.
Industry Valuation and Performance
Has the Hong Kong Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Jan 2025 | HK$21.2b | HK$36.5b | HK$1.4b | 13.4x | 14.7x | 0.6x |
| Sat, 21 Dec 2024 | HK$21.4b | HK$36.3b | HK$1.4b | 13.8x | 15x | 0.6x |
| Mon, 18 Nov 2024 | HK$19.7b | HK$36.6b | HK$1.5b | 10.5x | 13.3x | 0.5x |
| Wed, 16 Oct 2024 | HK$20.3b | HK$37.1b | HK$1.5b | 10.3x | 13.5x | 0.5x |
| Fri, 13 Sep 2024 | HK$20.6b | HK$37.2b | HK$1.5b | 12.1x | 13.8x | 0.6x |
| Sun, 11 Aug 2024 | HK$21.7b | HK$37.0b | HK$1.5b | 11.2x | 14.2x | 0.6x |
| Tue, 09 Jul 2024 | HK$22.2b | HK$37.0b | HK$1.5b | 12.7x | 14.8x | 0.6x |
| Thu, 06 Jun 2024 | HK$21.8b | HK$37.0b | HK$1.4b | 14.8x | 15.4x | 0.6x |
| Sat, 04 May 2024 | HK$21.6b | HK$37.1b | HK$1.4b | 14.6x | 15.3x | 0.6x |
| Mon, 01 Apr 2024 | HK$22.0b | HK$37.2b | HK$1.4b | 14.8x | 15.5x | 0.6x |
| Wed, 28 Feb 2024 | HK$22.9b | HK$39.2b | HK$945.9m | 14.6x | 24.2x | 0.6x |
| Fri, 26 Jan 2024 | HK$21.7b | HK$39.3b | HK$942.0m | 15.9x | 23x | 0.6x |
| Sun, 24 Dec 2023 | HK$24.9b | HK$39.5b | HK$947.4m | 18.3x | 26.3x | 0.6x |
| Tue, 21 Nov 2023 | HK$24.4b | HK$39.4b | HK$939.3m | 15.1x | 26x | 0.6x |
| Thu, 19 Oct 2023 | HK$23.8b | HK$38.9b | HK$921.1m | 15.7x | 25.9x | 0.6x |
| Sat, 16 Sep 2023 | HK$23.7b | HK$39.1b | HK$937.1m | 15.1x | 25.3x | 0.6x |
| Mon, 14 Aug 2023 | HK$22.5b | HK$40.2b | HK$807.4m | 14.9x | 27.9x | 0.6x |
| Wed, 12 Jul 2023 | HK$21.3b | HK$40.4b | HK$814.9m | 14x | 26.1x | 0.5x |
| Fri, 09 Jun 2023 | HK$21.5b | HK$41.2b | HK$748.3m | 14.1x | 28.8x | 0.5x |
| Sun, 07 May 2023 | HK$21.2b | HK$42.3b | HK$796.2m | 11.9x | 26.6x | 0.5x |
| Tue, 04 Apr 2023 | HK$21.3b | HK$43.0b | HK$846.0m | 11.4x | 25.1x | 0.5x |
| Thu, 02 Mar 2023 | HK$20.6b | HK$42.3b | HK$753.4m | 10.4x | 27.4x | 0.5x |
| Sat, 28 Jan 2023 | HK$20.0b | HK$42.6b | HK$779.1m | 9.3x | 25.6x | 0.5x |
| Mon, 26 Dec 2022 | HK$17.3b | HK$41.5b | HK$731.1m | 8.8x | 23.7x | 0.4x |
| Wed, 23 Nov 2022 | HK$16.2b | HK$40.8b | HK$1.2b | 7.7x | 14.1x | 0.4x |
| Fri, 21 Oct 2022 | HK$15.8b | HK$40.7b | HK$1.1b | 7.4x | 13.7x | 0.4x |
| Sun, 18 Sep 2022 | HK$16.2b | HK$41.8b | HK$1.2b | 7.4x | 13.5x | 0.4x |
| Tue, 16 Aug 2022 | HK$16.8b | HK$41.6b | HK$1.7b | 7.6x | 9.7x | 0.4x |
| Thu, 14 Jul 2022 | HK$17.6b | HK$41.8b | HK$2.0b | 8.2x | 8.8x | 0.4x |
| Sat, 11 Jun 2022 | HK$18.0b | HK$41.6b | HK$2.1b | 7.5x | 8.7x | 0.4x |
| Mon, 09 May 2022 | HK$19.2b | HK$41.7b | HK$2.1b | 8x | 9.3x | 0.5x |
| Wed, 06 Apr 2022 | HK$20.4b | HK$43.3b | HK$2.2b | 8.1x | 9.5x | 0.5x |
| Fri, 04 Mar 2022 | HK$21.4b | HK$40.6b | HK$2.6b | 8.5x | 8.4x | 0.5x |
| Sun, 30 Jan 2022 | HK$22.7b | HK$40.2b | HK$2.5b | 9.1x | 8.9x | 0.6x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are pessimistic on the Hong Kong Packaging industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.7x which is lower than its 3-year average PE of 18.4x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 17% per year over the last three years,
- Revenues have also declined 3.2% 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 | 1.24% | |
| Materials | 3.41% | |
| Packaging | 2.01% | |
| Paper Packaging | 4.13% | |
| Metal and Glass Containers | -0.63% | |
Industry PE
- Investors are most optimistic about the Metal and Glass Containers industry which is trading above its 3-year average PE ratio of 12.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Paper Packaging industry, which is trading below its 3-year average of 39.2x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 6.1% over the next 5 years.
- However this is lower than its past earnings growth rate of 49% per year.
- In contrast, the Paper Packaging industry is expected to see its earnings grow by 6.1% 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 | |
|---|---|---|---|---|---|
| 1626 Jia Yao Holdings | HK$3.88 | 19.8% +HK$384.0m | -1.0% | PE23.4x | |
| 2002 China Sunshine Paper Holdings | HK$2.00 | 8.7% +HK$170.4m | -0.5% | PE5.1x | |
| 468 Greatview Aseptic Packaging | HK$2.63 | 3.5% +HK$126.6m | 52.0% | PE13.4x | |
| 1629 Champion Alliance International Holdings | HK$0.15 | 28.9% +HK$18.0m | -13.5% | PE7.2x | |
| 8659 Yik Wo International Holdings | HK$0.21 | 10.1% +HK$14.2m | -69.0% | PE4.1x |
