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Apr 16
Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies9
- 7D-5.3%
- 3M6.6%
- 1Y-42.4%
- YTD-11.2%
Over the last 7 days, the Paper and Forestry Products industry has dropped 5.3%, driven by declines in Nine Dragons Paper (Holdings) and Lee & Man Paper Manufacturing of 2.8% and 3.8%, respectively. In contrast, Reliance Global Holdings has gained 29%. Overall the industry is down 42% in 12 months. As for the next few years, earnings are expected to grow by 56% 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | HK$25.3b | HK$86.8b | HK$311.3m | 8x | 81.2x | 0.3x |
| Thu, 21 Mar 2024 | HK$26.9b | HK$86.6b | HK$342.2m | 4.8x | 78.7x | 0.3x |
| Sat, 17 Feb 2024 | HK$26.9b | HK$89.0b | -HK$2,079,710,091.52 | 13.6x | -13x | 0.3x |
| Mon, 15 Jan 2024 | HK$24.5b | HK$89.0b | -HK$2,099,544,982.00 | 13x | -11.7x | 0.3x |
| Wed, 13 Dec 2023 | HK$26.5b | HK$88.8b | -HK$2,092,808,417.00 | 12.7x | -12.6x | 0.3x |
| Fri, 10 Nov 2023 | HK$31.3b | HK$88.0b | -HK$1,985,961,248.00 | 14x | -15.8x | 0.4x |
| Sun, 08 Oct 2023 | HK$31.2b | HK$88.1b | -HK$1,988,069,164.00 | 13.7x | -15.7x | 0.4x |
| Tue, 05 Sep 2023 | HK$32.1b | HK$93.3b | -HK$388,994,751.00 | 14.7x | -82.6x | 0.3x |
| Thu, 03 Aug 2023 | HK$35.0b | HK$93.9b | -HK$421,203,797.00 | 16.4x | -83.1x | 0.4x |
| Sat, 01 Jul 2023 | HK$34.6b | HK$96.7b | HK$68.8m | 9.5x | 503.2x | 0.4x |
| Mon, 29 May 2023 | HK$34.7b | HK$98.6b | HK$28.6m | 10.1x | 1213.5x | 0.4x |
| Wed, 26 Apr 2023 | HK$41.0b | HK$100.1b | HK$5.4m | 11.9x | 7568.4x | 0.4x |
| Fri, 24 Mar 2023 | HK$44.4b | HK$101.2b | -HK$87,973,226.00 | 15.9x | -504.3x | 0.4x |
| Sun, 19 Feb 2023 | HK$46.0b | HK$108.0b | HK$5.4b | 8.3x | 8.6x | 0.4x |
| Tue, 17 Jan 2023 | HK$52.7b | HK$109.2b | HK$5.4b | 9.5x | 9.7x | 0.5x |
| Thu, 15 Dec 2022 | HK$53.2b | HK$106.5b | HK$5.3b | 10x | 10x | 0.5x |
| Sat, 12 Nov 2022 | HK$36.4b | HK$104.7b | HK$5.2b | 6.9x | 6.9x | 0.3x |
| Mon, 10 Oct 2022 | HK$34.0b | HK$105.7b | HK$5.3b | 6.2x | 6.4x | 0.3x |
| Wed, 07 Sep 2022 | HK$42.2b | HK$108.3b | HK$8.3b | 6.2x | 5.1x | 0.4x |
| Fri, 05 Aug 2022 | HK$42.9b | HK$110.3b | HK$9.7b | 4.3x | 4.4x | 0.4x |
| Sun, 03 Jul 2022 | HK$46.8b | HK$111.0b | HK$9.7b | 4.7x | 4.8x | 0.4x |
| Tue, 31 May 2022 | HK$49.1b | HK$111.3b | HK$9.8b | 5.2x | 5x | 0.4x |
| Thu, 28 Apr 2022 | HK$47.9b | HK$112.9b | HK$9.9b | 5x | 4.8x | 0.4x |
| Sat, 26 Mar 2022 | HK$51.3b | HK$115.1b | HK$9.9b | 8.9x | 5.2x | 0.4x |
| Mon, 21 Feb 2022 | HK$63.7b | HK$108.4b | HK$12.4b | 8.8x | 5.1x | 0.6x |
| Wed, 19 Jan 2022 | HK$64.4b | HK$108.1b | HK$12.3b | 8.6x | 5.2x | 0.6x |
| Fri, 17 Dec 2021 | HK$65.7b | HK$108.0b | HK$12.3b | 7.1x | 5.3x | 0.6x |
| Sun, 14 Nov 2021 | HK$73.0b | HK$107.8b | HK$12.3b | 5.8x | 5.9x | 0.7x |
| Tue, 12 Oct 2021 | HK$70.3b | HK$107.0b | HK$12.2b | 6.1x | 5.7x | 0.7x |
| Thu, 09 Sep 2021 | HK$86.5b | HK$96.0b | HK$10.6b | 7.7x | 8.1x | 0.9x |
| Sat, 07 Aug 2021 | HK$78.8b | HK$96.1b | HK$10.2b | 7x | 7.7x | 0.8x |
| Fri, 30 Apr 2021 | HK$82.0b | HK$93.9b | HK$9.8b | 7.2x | 8.3x | 0.9x |
Price to Earnings Ratio
8.3x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Forestry industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 80.5x.
- The industry is trading close to its 3-year average PS ratio of 0.48x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 68% per year over the last three years,
- Revenues have also declined 2.6% 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 | -0.66% | |
| Materials | -1.53% | |
| Paper and Forestry Products | -5.34% | |
| Forestry Products | 5.05% | |
| Paper Products | -5.60% | |
Industry PE
- Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio of 32.1x.
- Analysts are expecting annual earnings growth of 56.0%, which is higher than its past year's earnings decline of 11.3% per year.
- Investors are most pessimistic about the Forestry Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 56% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Paper Products industry is expected to see its earnings grow by 56% 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 | |
|---|---|---|---|---|---|
| 723 Reliance Global Holdings | HK$0.022 | 29.4% +HK$45.6m | 100.0% | PS0.6x | |
| 94 Greenheart Group | HK$0.053 | 3.9% +HK$3.7m | -33.8% | PS1.1x | |
| 1580 Da Sen Holdings Group | HK$0.15 | 1.3% +HK$2.2m | -20.0% | PS3.2x | |
| 1069 China Health Technology Group Holding | HK$0.051 | 4.1% +HK$1.4m | n/a | PE0.2x |
