Analysis Article • May 06
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- 7D4.0%
- 3M-26.6%
- 1Y92.5%
- YTD11.2%
In the last week, the Paper and Forestry Products industry is up 4.0%, with Nine Dragons Paper (Holdings) up 3.9%. In the last 12 months, the industry was up 93%. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Wed, 13 May 2026 | HK$46.3b | HK$104.3b | HK$5.2b | 7.8x | 9x | 0.4x |
| Fri, 10 Apr 2026 | HK$47.2b | HK$103.9b | HK$5.1b | 8x | 9.2x | 0.5x |
| Sun, 08 Mar 2026 | HK$56.0b | HK$102.2b | HK$4.5b | 10.5x | 12.6x | 0.5x |
| Tue, 03 Feb 2026 | HK$53.8b | HK$97.4b | HK$2.7b | 11x | 19.6x | 0.6x |
| Thu, 01 Jan 2026 | HK$40.9b | HK$96.6b | HK$2.7b | 8.8x | 15x | 0.4x |
| Sat, 29 Nov 2025 | HK$43.7b | HK$95.9b | HK$2.7b | 9.9x | 16.2x | 0.5x |
| Mon, 27 Oct 2025 | HK$39.0b | HK$95.4b | HK$2.7b | 8.9x | 14.7x | 0.4x |
| Wed, 24 Sep 2025 | HK$41.2b | HK$94.5b | HK$1.7b | 10.9x | 23.9x | 0.4x |
| Fri, 22 Aug 2025 | HK$39.2b | HK$94.3b | HK$1.7b | 13.8x | 22.8x | 0.4x |
| Sun, 20 Jul 2025 | HK$27.2b | HK$94.9b | HK$1.7b | 7.7x | 16.3x | 0.3x |
| Tue, 17 Jun 2025 | HK$25.0b | HK$95.0b | HK$2.1b | 12.7x | 12.1x | 0.3x |
| Thu, 15 May 2025 | HK$23.9b | HK$94.4b | HK$2.1b | 14.7x | 11.6x | 0.3x |
| Sat, 12 Apr 2025 | HK$23.3b | HK$93.1b | HK$2.0b | 12x | 11.4x | 0.3x |
| Mon, 10 Mar 2025 | HK$27.1b | HK$93.9b | HK$2.1b | 11x | 12.7x | 0.3x |
| Wed, 05 Feb 2025 | HK$24.4b | HK$90.1b | HK$2.3b | 9.8x | 10.6x | 0.3x |
| Fri, 03 Jan 2025 | HK$25.3b | HK$89.6b | HK$2.3b | 11.1x | 11x | 0.3x |
| Sun, 01 Dec 2024 | HK$25.5b | HK$90.1b | HK$2.3b | 9.9x | 11.1x | 0.3x |
| Tue, 29 Oct 2024 | HK$28.0b | HK$91.0b | HK$2.3b | 10.9x | 12x | 0.3x |
| Thu, 26 Sep 2024 | HK$24.7b | HK$88.4b | HK$721.4m | 6.2x | 34.2x | 0.3x |
| Sat, 24 Aug 2024 | HK$23.3b | HK$87.6b | HK$783.0m | 5.8x | 29.7x | 0.3x |
| Mon, 22 Jul 2024 | HK$25.6b | HK$86.3b | HK$340.3m | 7.1x | 75.2x | 0.3x |
| Wed, 19 Jun 2024 | HK$27.3b | HK$86.4b | HK$314.6m | 7.2x | 86.8x | 0.3x |
| Fri, 17 May 2024 | HK$32.5b | HK$86.8b | HK$311.6m | 10x | 104.4x | 0.4x |
| Sun, 14 Apr 2024 | HK$26.7b | HK$86.3b | HK$309.4m | 5x | 86.3x | 0.3x |
| Tue, 12 Mar 2024 | HK$28.2b | HK$86.7b | HK$339.3m | 5x | 83.2x | 0.3x |
| Thu, 08 Feb 2024 | HK$25.7b | HK$89.1b | -HK$2,081,608,978.53 | 13.5x | -12.3x | 0.3x |
| Sat, 06 Jan 2024 | HK$25.8b | HK$89.2b | -HK$2,109,847,730.00 | 12.9x | -12.3x | 0.3x |
| Mon, 04 Dec 2023 | HK$27.8b | HK$89.2b | -HK$2,107,532,051.00 | 13.4x | -13.2x | 0.3x |
| Wed, 01 Nov 2023 | HK$31.0b | HK$87.9b | -HK$1,980,493,323.00 | 13.8x | -15.7x | 0.4x |
| Fri, 29 Sep 2023 | HK$30.9b | HK$88.0b | -HK$1,985,748,671.00 | 14.4x | -15.5x | 0.4x |
| Sun, 27 Aug 2023 | HK$31.3b | HK$93.2b | -HK$397,724,024.00 | 14.5x | -78.6x | 0.3x |
| Tue, 25 Jul 2023 | HK$34.2b | HK$96.9b | HK$81.3m | 9.3x | 420.5x | 0.4x |
| Thu, 22 Jun 2023 | HK$33.9b | HK$97.4b | HK$46.8m | 9.5x | 725.2x | 0.3x |
| Sat, 20 May 2023 | HK$36.7b | HK$99.0b | HK$22.9m | 10.4x | 1599.7x | 0.4x |
Price to Earnings Ratio
1599.7x
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 9.0x which is lower than its 3-year average PE of 76.6x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have grown 508% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 1.26% | |
| Materials | 4.55% | |
| Paper and Forestry Products | 4.03% | |
| Paper Products | 4.20% | |
| Forestry Products | -2.55% | |
Industry PE
- Investors are most optimistic about the Paper Products industry even though it's trading below its 3-year average PE ratio of 28.5x.
- Analysts are expecting annual earnings growth of 14.7%, which is lower than the prior year's growth of 149.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 15% over the next 5 years.
- In contrast, the Paper Products industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 2689 Nine Dragons Paper (Holdings) | HK$6.47 | 3.9% +HK$1.1b | 111.4% | PE8.1x | |
| 723 Reliance Global Holdings | HK$0.25 | 5.5% +HK$14.2m | 25.0% | PS2.3x | |
| 923 Integrated Waste Solutions Group Holdings | HK$0.019 | 5.6% +HK$4.8m | 26.7% | PS2.1x | |
| 8277 Steed Oriental (Holdings) | HK$0.12 | 4.3% +HK$1.3m | 41.2% | PE0.7x |