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 25, 2025
DataAggregated Company Financials
Companies10
- 7D11.0%
- 3M12.0%
- 1Y70.1%
- YTD71.4%
Over the last 7 days, the Paper and Forestry Products industry has risen 11%, driven by gains from Nine Dragons Paper (Holdings) of 11%. This takes the industry's 12 month performance to a gain of 70%. Looking forward, earnings are forecast to grow by 18% annually.
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, 01 Dec 2025 | HK$39.9b | HK$95.7b | HK$2.7b | 8.9x | 15x | 0.4x |
| Wed, 29 Oct 2025 | HK$39.5b | HK$95.6b | HK$2.7b | 8.9x | 14.8x | 0.4x |
| Fri, 26 Sep 2025 | HK$39.6b | HK$95.4b | HK$3.1b | 10.8x | 12.9x | 0.4x |
| Sun, 24 Aug 2025 | HK$39.4b | HK$94.5b | HK$1.7b | 13.2x | 22.9x | 0.4x |
| Tue, 22 Jul 2025 | HK$28.1b | HK$94.9b | HK$1.7b | 7.9x | 16.8x | 0.3x |
| Thu, 19 Jun 2025 | HK$24.7b | HK$94.9b | HK$2.1b | 12.3x | 11.9x | 0.3x |
| Sat, 17 May 2025 | HK$23.9b | HK$94.5b | HK$2.1b | 14.2x | 11.6x | 0.3x |
| Mon, 14 Apr 2025 | HK$23.3b | HK$93.2b | HK$2.0b | 11.9x | 11.4x | 0.3x |
| Wed, 12 Mar 2025 | HK$26.8b | HK$93.9b | HK$2.1b | 11.1x | 12.6x | 0.3x |
| Fri, 07 Feb 2025 | HK$25.2b | HK$89.7b | HK$2.3b | 10.4x | 11x | 0.3x |
| Sun, 05 Jan 2025 | HK$25.2b | HK$89.4b | HK$2.3b | 11.1x | 11x | 0.3x |
| Tue, 03 Dec 2024 | HK$25.7b | HK$89.8b | HK$2.3b | 10x | 11.2x | 0.3x |
| Thu, 31 Oct 2024 | HK$27.1b | HK$91.1b | HK$2.3b | 10.8x | 11.6x | 0.3x |
| Sat, 28 Sep 2024 | HK$29.0b | HK$92.2b | HK$2.3b | 9.1x | 12.4x | 0.3x |
| Mon, 26 Aug 2024 | HK$23.3b | HK$87.7b | HK$782.4m | 5.8x | 29.7x | 0.3x |
| Wed, 24 Jul 2024 | HK$25.2b | HK$86.2b | HK$340.8m | 7.2x | 74x | 0.3x |
| Fri, 21 Jun 2024 | HK$28.1b | HK$86.4b | HK$315.2m | 7.1x | 89.1x | 0.3x |
| Sun, 19 May 2024 | HK$33.5b | HK$86.7b | HK$312.3m | 10x | 107.3x | 0.4x |
| Tue, 16 Apr 2024 | HK$26.2b | HK$86.8b | HK$311.5m | 9.8x | 84x | 0.3x |
| Thu, 14 Mar 2024 | HK$28.2b | HK$86.6b | HK$339.6m | 5.1x | 83x | 0.3x |
| Sat, 10 Feb 2024 | HK$26.1b | HK$88.4b | -HK$2,077,831,327.29 | 13.5x | -12.6x | 0.3x |
| Mon, 08 Jan 2024 | HK$25.8b | HK$89.1b | -HK$2,106,226,498.00 | 12.9x | -12.3x | 0.3x |
| Wed, 06 Dec 2023 | HK$27.8b | HK$89.2b | -HK$2,107,107,624.00 | 13.8x | -13.2x | 0.3x |
| Fri, 03 Nov 2023 | HK$30.8b | HK$87.9b | -HK$1,980,372,895.00 | 14.1x | -15.6x | 0.4x |
| Sun, 01 Oct 2023 | HK$31.0b | HK$88.1b | -HK$1,987,879,917.00 | 14.2x | -15.6x | 0.4x |
| Tue, 29 Aug 2023 | HK$31.2b | HK$93.2b | -HK$397,194,597.00 | 14.4x | -78.5x | 0.3x |
| Thu, 27 Jul 2023 | HK$34.9b | HK$97.2b | HK$76.9m | 9.4x | 453.4x | 0.4x |
| Sat, 24 Jun 2023 | HK$33.6b | HK$97.5b | HK$45.5m | 9.4x | 738.8x | 0.3x |
| Mon, 22 May 2023 | HK$36.7b | HK$99.0b | HK$23.8m | 10.4x | 1541.1x | 0.4x |
| Wed, 19 Apr 2023 | HK$43.9b | HK$100.6b | -HK$1,606,867.00 | 12x | -27327.9x | 0.4x |
| Fri, 17 Mar 2023 | HK$42.3b | HK$100.5b | -HK$76,584,729.00 | 16.7x | -552.2x | 0.4x |
| Sun, 12 Feb 2023 | HK$49.4b | HK$108.7b | HK$5.4b | 8.5x | 9.1x | 0.5x |
| Tue, 10 Jan 2023 | HK$53.4b | HK$108.6b | HK$5.4b | 9.7x | 9.9x | 0.5x |
| Thu, 08 Dec 2022 | HK$42.8b | HK$106.1b | HK$5.3b | 8x | 8.1x | 0.4x |
Price to Earnings Ratio
8.1x
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 15.0x which is lower than its 3-year average PE of 92.0x.
- 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 21% 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 | 1.77% | |
| Materials | 4.21% | |
| Paper and Forestry Products | 10.99% | |
| Paper Products | 11.18% | |
| Forestry Products | 0.39% | |
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 | |
|---|---|---|---|---|---|
| 2689 Nine Dragons Paper (Holdings) | HK$6.25 | 8.7% +HK$2.3b | 95.9% | PE15.1x | |
| 2314 Lee & Man Paper Manufacturing | HK$3.13 | 11.4% +HK$1.4b | 33.2% | PE9.9x |
