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 21, 2025
DataAggregated Company Financials
Companies19
- 7D1.2%
- 3M5.1%
- 1Y-0.3%
- YTD-2.5%
Over the last 7 days, the Packaging industry has dropped 2.5%, driven by a pullback from China Aluminum Cans Holdings of 10.0%. On the other hand Jia Yao Holdings is actually up 11%. Overall the industry is down 4.1% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | HK$21.1b | HK$36.3b | HK$1.4b | 13.5x | 14.8x | 0.6x |
| Thu, 19 Dec 2024 | HK$21.0b | HK$36.4b | HK$1.4b | 13.7x | 14.7x | 0.6x |
| Sat, 16 Nov 2024 | HK$19.7b | HK$36.6b | HK$1.5b | 10.5x | 13.3x | 0.5x |
| Mon, 14 Oct 2024 | HK$20.4b | HK$37.3b | HK$1.5b | 9.3x | 13.5x | 0.5x |
| Wed, 11 Sep 2024 | HK$20.9b | HK$37.1b | HK$1.5b | 11.9x | 14x | 0.6x |
| Fri, 09 Aug 2024 | HK$21.7b | HK$36.9b | HK$1.5b | 11.2x | 14.2x | 0.6x |
| Sun, 07 Jul 2024 | HK$22.2b | HK$37.0b | HK$1.5b | 12.7x | 14.8x | 0.6x |
| Tue, 04 Jun 2024 | HK$22.1b | HK$37.1b | HK$1.4b | 14.8x | 15.6x | 0.6x |
| Thu, 02 May 2024 | HK$21.4b | HK$37.1b | HK$1.4b | 14.5x | 15.2x | 0.6x |
| Sat, 30 Mar 2024 | HK$22.6b | HK$38.7b | HK$1.0b | 14.8x | 21.9x | 0.6x |
| Mon, 26 Feb 2024 | HK$22.9b | HK$39.2b | HK$946.2m | 15.2x | 24.2x | 0.6x |
| Wed, 24 Jan 2024 | HK$21.8b | HK$39.3b | HK$942.5m | 15.2x | 23.1x | 0.6x |
| Fri, 22 Dec 2023 | HK$24.8b | HK$39.4b | HK$945.1m | 18.3x | 26.3x | 0.6x |
| Sun, 19 Nov 2023 | HK$24.8b | HK$39.2b | HK$933.3m | 15.1x | 26.5x | 0.6x |
| Tue, 17 Oct 2023 | HK$24.2b | HK$38.9b | HK$922.4m | 16x | 26.3x | 0.6x |
| Thu, 14 Sep 2023 | HK$23.2b | HK$39.1b | HK$938.0m | 15.2x | 24.7x | 0.6x |
| Sat, 12 Aug 2023 | HK$22.5b | HK$40.2b | HK$807.8m | 14.9x | 27.9x | 0.6x |
| Mon, 10 Jul 2023 | HK$21.4b | HK$40.3b | HK$810.8m | 14.2x | 26.4x | 0.5x |
| Wed, 07 Jun 2023 | HK$21.8b | HK$41.3b | HK$750.7m | 14.1x | 29x | 0.5x |
| Fri, 05 May 2023 | HK$21.5b | HK$42.3b | HK$796.4m | 11.8x | 27x | 0.5x |
| Sun, 02 Apr 2023 | HK$21.3b | HK$43.1b | HK$849.8m | 11.3x | 25x | 0.5x |
| Tue, 28 Feb 2023 | HK$20.1b | HK$41.8b | HK$734.3m | 9.8x | 27.3x | 0.5x |
| Thu, 26 Jan 2023 | HK$19.8b | HK$42.6b | HK$779.4m | 9.5x | 25.4x | 0.5x |
| Sat, 24 Dec 2022 | HK$17.3b | HK$41.5b | HK$731.2m | 8.8x | 23.7x | 0.4x |
| Mon, 21 Nov 2022 | HK$16.2b | HK$41.1b | HK$1.2b | 7.4x | 13.9x | 0.4x |
| Wed, 19 Oct 2022 | HK$16.4b | HK$40.8b | HK$1.2b | 7.6x | 14.2x | 0.4x |
| Fri, 16 Sep 2022 | HK$16.3b | HK$41.9b | HK$1.2b | 7.4x | 13.6x | 0.4x |
| Sun, 14 Aug 2022 | HK$16.9b | HK$41.6b | HK$1.7b | 7.6x | 9.7x | 0.4x |
| Tue, 12 Jul 2022 | HK$17.6b | HK$41.9b | HK$2.0b | 8.1x | 8.8x | 0.4x |
| Thu, 09 Jun 2022 | HK$17.8b | HK$41.8b | HK$2.1b | 7x | 8.6x | 0.4x |
| Sat, 07 May 2022 | HK$19.2b | HK$41.8b | HK$2.1b | 8x | 9.3x | 0.5x |
| Mon, 04 Apr 2022 | HK$20.4b | HK$43.3b | HK$2.2b | 8.1x | 9.5x | 0.5x |
| Wed, 02 Mar 2022 | HK$21.6b | HK$40.6b | HK$2.6b | 8.6x | 8.4x | 0.5x |
| Fri, 28 Jan 2022 | HK$22.3b | HK$40.4b | HK$2.6b | 9.1x | 8.7x | 0.6x |
Price to Earnings Ratio
8.7x
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 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 18% per year over the last three years,
- Revenues have also declined 3.5% 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 | 3.38% | |
| Materials | 1.98% | |
| Packaging | 1.18% | |
| Paper Packaging | 2.58% | |
| Metal and Glass Containers | -0.57% | |
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$3.47 | 10.9% +HK$204.0m | -11.0% | PE20.9x | |
| 2002 China Sunshine Paper Holdings | HK$2.00 | 6.4% +HK$127.8m | -2.4% | PE5.1x | |
| 468 Greatview Aseptic Packaging | HK$2.64 | 3.1% +HK$112.6m | 51.7% | PE13.4x | |
| 8659 Yik Wo International Holdings | HK$0.21 | 15.6% +HK$21.0m | -67.5% | PE4.1x | |
| 2320 Hop Fung Group Holdings | HK$0.097 | 21.3% +HK$13.9m | 31.1% | PS0.4x |
