There Is A Reason Lee & Man Paper Manufacturing Limited's (HKG:2314) Price Is Undemanding
Nov 21
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Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies10
- 7D-6.0%
- 3M-0.2%
- 1Y54.6%
- YTD54.5%
Over the last 7 days, the Paper and Forestry Products industry has dropped 6.0%, driven by a pullback from Nine Dragons Paper (Holdings) of 6.4%. In the past year, the industry has gained 55%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Hong Kong Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Nov 2025 | HK$39.4b | HK$95.6b | HK$2.7b | 8.8x | 14.8x | 0.4x |
| Wed, 22 Oct 2025 | HK$39.1b | HK$95.4b | HK$2.7b | 9x | 14.7x | 0.4x |
| Fri, 19 Sep 2025 | HK$40.7b | HK$94.6b | HK$1.7b | 10.9x | 23.6x | 0.4x |
| Sun, 17 Aug 2025 | HK$36.7b | HK$94.4b | HK$1.7b | 14.3x | 21.4x | 0.4x |
| Tue, 15 Jul 2025 | HK$27.7b | HK$95.0b | HK$1.7b | 8.9x | 16.6x | 0.3x |
| Thu, 12 Jun 2025 | HK$25.3b | HK$94.9b | HK$2.1b | 12.9x | 12.2x | 0.3x |
| Sat, 10 May 2025 | HK$23.3b | HK$93.8b | HK$2.1b | 12x | 11.3x | 0.2x |
| Mon, 07 Apr 2025 | HK$25.4b | HK$93.4b | HK$2.0b | 16.2x | 12.4x | 0.3x |
| Wed, 05 Mar 2025 | HK$25.7b | HK$92.9b | HK$2.3b | 11.1x | 11.3x | 0.3x |
| Fri, 31 Jan 2025 | HK$25.1b | HK$90.2b | HK$2.3b | 9.8x | 10.9x | 0.3x |
| Sun, 29 Dec 2024 | HK$26.2b | HK$89.5b | HK$2.3b | 10.2x | 11.4x | 0.3x |
| Tue, 26 Nov 2024 | HK$25.7b | HK$90.1b | HK$2.3b | 10x | 11.1x | 0.3x |
| Thu, 24 Oct 2024 | HK$27.6b | HK$91.0b | HK$2.3b | 11.3x | 11.9x | 0.3x |
| Sat, 21 Sep 2024 | HK$24.8b | HK$88.2b | HK$723.2m | 6.1x | 34.3x | 0.3x |
| Mon, 19 Aug 2024 | HK$24.0b | HK$87.3b | HK$785.8m | 5.6x | 30.6x | 0.3x |
| Wed, 17 Jul 2024 | HK$25.4b | HK$86.3b | HK$340.4m | 8x | 74.5x | 0.3x |
| Fri, 14 Jun 2024 | HK$27.1b | HK$86.5b | HK$314.1m | 7.1x | 86.2x | 0.3x |
| Sun, 12 May 2024 | HK$31.8b | HK$86.7b | HK$311.7m | 10.3x | 101.9x | 0.4x |
| Tue, 09 Apr 2024 | HK$27.2b | HK$86.3b | HK$309.4m | 5.1x | 88x | 0.3x |
| Thu, 07 Mar 2024 | HK$26.6b | HK$87.8b | -HK$15,146,863.85 | 6.9x | -1754.5x | 0.3x |
| Sat, 03 Feb 2024 | HK$23.9b | HK$89.5b | -HK$2,122,808,871.00 | 13x | -11.3x | 0.3x |
| Mon, 01 Jan 2024 | HK$28.9b | HK$89.5b | -HK$2,120,593,576.00 | 14.2x | -13.6x | 0.3x |
| Wed, 29 Nov 2023 | HK$29.2b | HK$89.1b | -HK$2,085,183,390.00 | 185.8x | -14x | 0.3x |
| Fri, 27 Oct 2023 | HK$30.4b | HK$87.9b | -HK$1,978,410,922.00 | 13.6x | -15.4x | 0.3x |
| Sun, 24 Sep 2023 | HK$32.0b | HK$92.9b | -HK$383,273,904.00 | 14.5x | -83.6x | 0.3x |
| Tue, 22 Aug 2023 | HK$31.3b | HK$93.0b | -HK$394,145,632.00 | 14.5x | -79.5x | 0.3x |
| Thu, 20 Jul 2023 | HK$34.3b | HK$96.6b | HK$85.8m | 9.3x | 399.8x | 0.4x |
| Sat, 17 Jun 2023 | HK$35.7b | HK$98.1b | HK$36.7m | 10.1x | 971.4x | 0.4x |
| Mon, 15 May 2023 | HK$37.7b | HK$99.8b | HK$12.1m | 10.8x | 3104.8x | 0.4x |
| Wed, 12 Apr 2023 | HK$44.3b | HK$100.5b | -HK$419,214.00 | 11.8x | -105759.5x | 0.4x |
| Fri, 10 Mar 2023 | HK$42.7b | HK$99.8b | -HK$66,458,645.00 | 15.8x | -642.5x | 0.4x |
| Sun, 05 Feb 2023 | HK$48.2b | HK$109.1b | HK$5.4b | 8.5x | 8.9x | 0.4x |
| Tue, 03 Jan 2023 | HK$48.9b | HK$107.3b | HK$5.4b | 9x | 9.1x | 0.5x |
| Thu, 01 Dec 2022 | HK$42.8b | HK$104.7b | HK$5.2b | 8.1x | 8.2x | 0.4x |
Price to Earnings Ratio
8.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Forestry 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 14.8x which is lower than its 3-year average PE of 91.9x.
- The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 20% per year over the last three years,
- Revenues have also declined 3.0% 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 | -4.65% | |
| Materials | -8.12% | |
| Paper and Forestry Products | -6.00% | |
| Forestry Products | -4.55% | |
| Paper Products | -6.02% | |
Industry PE
- Investors are most optimistic about the Paper Products industry even though it's trading below its 3-year average PE ratio of 46.2x.
- Analysts are expecting annual earnings growth of 17.8%, which is lower than the prior year's growth of 63.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 18% over the next 5 years.
- However this is lower than its past earnings growth rate of 63% per year.
- In contrast, the Paper Products industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| 94 Greenheart Group | HK$0.055 | 1.9% +HK$2.8m | 17.0% | PS2.8x |