These 4 Measures Indicate That China Treasures New Materials Group (HKG:2439) Is Using Debt Safely
May 06
Hong Kong (HSI) Packaging Industry Analysis
UpdatedMay 06, 2024
DataAggregated Company Financials
Companies20
- 7D-0.3%
- 3M2.6%
- 1Y9.0%
- YTD-10.8%
The Packaging is pretty flat in the last 7 days, but China Sunshine Paper Holdings has stood out, gaining 11%. As for the the longer term, the industry is up 9.0% over the past 12 months. As for the next few years, earnings are expected to grow by 5.2% 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 |
|---|---|---|---|---|---|---|
| Tue, 07 May 2024 | HK$21.6b | HK$37.1b | HK$1.4b | 14.6x | 15.3x | 0.6x |
| Thu, 04 Apr 2024 | HK$21.8b | HK$37.1b | HK$1.4b | 14.9x | 15.4x | 0.6x |
| Sat, 02 Mar 2024 | HK$22.9b | HK$39.2b | HK$946.5m | 14.6x | 24.2x | 0.6x |
| Mon, 29 Jan 2024 | HK$21.6b | HK$39.4b | HK$945.2m | 15.9x | 22.8x | 0.5x |
| Wed, 27 Dec 2023 | HK$24.9b | HK$39.4b | HK$946.6m | 18.3x | 26.3x | 0.6x |
| Fri, 24 Nov 2023 | HK$25.7b | HK$39.6b | HK$945.0m | 15.9x | 27.2x | 0.6x |
| Sun, 22 Oct 2023 | HK$23.9b | HK$38.9b | HK$920.7m | 15.3x | 26x | 0.6x |
| Tue, 19 Sep 2023 | HK$24.0b | HK$38.9b | HK$933.0m | 15.5x | 25.7x | 0.6x |
| Thu, 17 Aug 2023 | HK$22.6b | HK$40.0b | HK$796.2m | 15.2x | 28.4x | 0.6x |
| Sat, 15 Jul 2023 | HK$21.7b | HK$40.7b | HK$823.5m | 14.2x | 26.3x | 0.5x |
| Mon, 12 Jun 2023 | HK$21.5b | HK$41.2b | HK$748.8m | 14.1x | 28.7x | 0.5x |
| Wed, 10 May 2023 | HK$21.4b | HK$42.2b | HK$793.2m | 11.9x | 26.9x | 0.5x |
| Fri, 07 Apr 2023 | HK$21.4b | HK$43.1b | HK$848.0m | 11.6x | 25.3x | 0.5x |
| Sun, 05 Mar 2023 | HK$20.4b | HK$42.0b | HK$743.9m | 10.9x | 27.5x | 0.5x |
| Tue, 31 Jan 2023 | HK$20.2b | HK$42.8b | HK$787.7m | 9.3x | 25.7x | 0.5x |
| Thu, 29 Dec 2022 | HK$17.4b | HK$41.5b | HK$731.0m | 8.7x | 23.8x | 0.4x |
| Sat, 26 Nov 2022 | HK$16.8b | HK$40.9b | HK$1.1b | 7.6x | 15.1x | 0.4x |
| Mon, 24 Oct 2022 | HK$15.9b | HK$40.6b | HK$1.1b | 7.6x | 13.8x | 0.4x |
| Wed, 21 Sep 2022 | HK$16.4b | HK$41.7b | HK$1.2b | 7.9x | 13.7x | 0.4x |
| Fri, 19 Aug 2022 | HK$16.9b | HK$41.5b | HK$1.7b | 7.4x | 9.8x | 0.4x |
| Sun, 17 Jul 2022 | HK$17.1b | HK$41.6b | HK$2.0b | 7.9x | 8.6x | 0.4x |
| Tue, 14 Jun 2022 | HK$17.7b | HK$41.5b | HK$2.1b | 7.5x | 8.6x | 0.4x |
| Thu, 12 May 2022 | HK$19.2b | HK$41.4b | HK$2.1b | 7.9x | 9.3x | 0.5x |
| Sat, 09 Apr 2022 | HK$20.2b | HK$43.3b | HK$2.2b | 8.2x | 9.4x | 0.5x |
| Mon, 07 Mar 2022 | HK$21.2b | HK$40.6b | HK$2.6b | 8.4x | 8.3x | 0.5x |
| Wed, 02 Feb 2022 | HK$22.6b | HK$40.3b | HK$2.5b | 8.9x | 8.9x | 0.6x |
| Fri, 31 Dec 2021 | HK$22.2b | HK$40.3b | HK$2.5b | 8.4x | 8.7x | 0.6x |
| Sun, 28 Nov 2021 | HK$22.7b | HK$40.1b | HK$2.1b | 8.3x | 10.8x | 0.6x |
| Tue, 26 Oct 2021 | HK$20.7b | HK$40.0b | HK$2.0b | 8.3x | 10.4x | 0.5x |
| Thu, 23 Sep 2021 | HK$21.3b | HK$39.6b | HK$2.0b | 8.7x | 10.8x | 0.5x |
| Sat, 21 Aug 2021 | HK$23.5b | HK$40.6b | HK$1.6b | 9x | 14.8x | 0.6x |
| Sat, 05 Jun 2021 | HK$24.3b | HK$37.9b | HK$1.4b | 12.5x | 17.7x | 0.6x |
Price to Earnings Ratio
17.7x
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 15.3x which is lower than its 3-year average PE of 18.1x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- Both revenue and earnings for companies in the Packaging industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 2.20% | |
| Materials | -0.64% | |
| Packaging | -0.29% | |
| Paper Packaging | 0.24% | |
| Metal and Glass Containers | -0.98% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry even though it's trading below its 3-year average PE ratio of 39.7x.
- Analysts are expecting annual earnings growth of 5.2%, which is lower than the prior year's growth of 48.6% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.0x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 5.2% 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 5.2% 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 | |
|---|---|---|---|---|---|
| 2002 China Sunshine Paper Holdings | HK$2.14 | 10.9% +HK$223.7m | -23.3% | PE5.3x | |
| 2439 China Treasures New Materials Group | HK$0.43 | 41.0% +HK$125.0m | -39.4% | PE4.7x | |
| 1332 Touyun Biotech Group | HK$0.24 | 4.3% +HK$28.1m | -60.7% | PS3.4x | |
| 6898 China Aluminum Cans Holdings | HK$0.58 | 3.6% +HK$19.0m | 61.1% | PE25.7x | |
| 450 Hung Hing Printing Group | HK$1.19 | 1.7% +HK$18.1m | 4.4% | PE8x |
