Greatview Aseptic Packaging's (HKG:468) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Jan 28
Hong Kong (HSI) Packaging Industry Analysis
UpdatedJan 31, 2023
DataAggregated Company Financials
Companies20
- 7D2.3%
- 3M25.1%
- 1Y-13.8%
- YTD15.2%
In the last week, the Packaging industry is up 1.0%, with Greatview Aseptic Packaging up 11%. Meanwhile, Touyun Biotech Group actually underperformed within the industry, shrinking 5.3% in the last week. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 16% 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, 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 |
| Tue, 09 Mar 2021 | HK$24.2b | HK$35.5b | HK$1.1b | 10.2x | 21.8x | 0.7x |
| Mon, 30 Nov 2020 | HK$20.9b | HK$38.5b | HK$1.5b | 10.2x | 13.6x | 0.5x |
| Thu, 03 Sep 2020 | HK$18.6b | HK$36.9b | HK$1.4b | 11.6x | 13.3x | 0.5x |
| Sun, 07 Jun 2020 | HK$17.4b | HK$37.4b | HK$1.4b | 11x | 12.4x | 0.5x |
| Sat, 29 Feb 2020 | HK$19.4b | HK$38.4b | HK$1.5b | 12.7x | 13.1x | 0.5x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Packaging industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.6x which is higher than its 3-year average PE of 13.1x.
- The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 19% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 0.072% | |
| Materials | -1.01% | |
| Packaging | 2.26% | |
| Metal and Glass Containers | 2.30% | |
| Paper Packaging | 2.23% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 16.7x.
- Analysts are expecting annual earnings growth of 14.3%, which is higher than its past year's earnings decline of 37.3% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 15.2x.
Forecasted Growth
- Analysts are most optimistic on the Metal and Glass Containers industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 5.9% per year.
- In contrast, the Paper Packaging industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| 468 Greatview Aseptic Packaging | HK$2.16 | 10.8% +HK$280.7m | -28.0% | PE12x | |
| 1689 Huaxi Holdings | HK$1.64 | 12.3% +HK$126.3m | -18.8% | PS4.4x | |
| 906 CPMC Holdings | HK$4.48 | 2.5% +HK$122.5m | 0.7% | PE8.9x | |
| 6898 China Aluminum Cans Holdings | HK$0.48 | 7.9% +HK$31.6m | -4.0% | PE23.4x | |
| 1451 MS Group Holdings | HK$0.71 | 10.9% +HK$14.0m | 36.5% | PE6.5x |
