Are Lee & Man Paper Manufacturing Limited (HKG:2314) Investors Paying Above The Intrinsic Value?
Nov 03
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Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedNov 08, 2025
DataAggregated Company Financials
Companies10
- 7D-0.3%
- 3M3.8%
- 1Y36.4%
- YTD51.5%
Over the last 7 days, the Paper and Forestry Products industry has dropped 1.5%, driven by Nine Dragons Paper (Holdings) declining 1.1%. This takes the industry's 12 month performance to a gain of 37%. As for the next few years, earnings are expected to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Sat, 08 Nov 2025 | HK$38.6b | HK$95.4b | HK$2.7b | 8.8x | 14.5x | 0.4x |
| Mon, 06 Oct 2025 | HK$39.8b | HK$95.5b | HK$2.7b | 9.1x | 15x | 0.4x |
| Wed, 03 Sep 2025 | HK$38.5b | HK$94.5b | HK$1.7b | 11.9x | 22.4x | 0.4x |
| Fri, 01 Aug 2025 | HK$32.4b | HK$94.7b | HK$1.7b | 8.5x | 19.4x | 0.3x |
| Sun, 29 Jun 2025 | HK$25.6b | HK$95.1b | HK$2.1b | 12.2x | 12.3x | 0.3x |
| Tue, 27 May 2025 | HK$23.6b | HK$94.8b | HK$2.1b | 12.2x | 11.4x | 0.2x |
| Thu, 24 Apr 2025 | HK$23.5b | HK$93.2b | HK$2.0b | 12.2x | 11.5x | 0.3x |
| Sat, 22 Mar 2025 | HK$26.2b | HK$93.8b | HK$2.1b | 15x | 12.5x | 0.3x |
| Mon, 17 Feb 2025 | HK$26.3b | HK$90.0b | HK$2.3b | 10.1x | 11.4x | 0.3x |
| Wed, 15 Jan 2025 | HK$24.6b | HK$89.4b | HK$2.3b | 10.6x | 10.7x | 0.3x |
| Fri, 13 Dec 2024 | HK$26.9b | HK$89.9b | HK$2.3b | 10.2x | 11.7x | 0.3x |
| Sun, 10 Nov 2024 | HK$28.1b | HK$90.6b | HK$2.3b | 10.9x | 12.1x | 0.3x |
| Tue, 08 Oct 2024 | HK$34.3b | HK$92.0b | HK$2.3b | 12.5x | 14.7x | 0.4x |
| Thu, 05 Sep 2024 | HK$23.7b | HK$87.7b | HK$728.6m | 5.5x | 32.5x | 0.3x |
| Sat, 03 Aug 2024 | HK$24.7b | HK$87.1b | HK$781.1m | 6.2x | 31.7x | 0.3x |
| Mon, 01 Jul 2024 | HK$25.8b | HK$86.3b | HK$340.2m | 7.6x | 75.9x | 0.3x |
| Wed, 29 May 2024 | HK$31.9b | HK$86.6b | HK$313.5m | 9.1x | 101.7x | 0.4x |
| Fri, 26 Apr 2024 | HK$25.7b | HK$86.7b | HK$312.1m | 7.9x | 82.3x | 0.3x |
| Sun, 24 Mar 2024 | HK$26.3b | HK$86.3b | HK$345.0m | 4.9x | 76.3x | 0.3x |
| Tue, 20 Feb 2024 | HK$26.9b | HK$88.3b | -HK$2,050,796,497.69 | 13.6x | -13.1x | 0.3x |
| Thu, 18 Jan 2024 | HK$24.1b | HK$88.8b | -HK$2,090,290,269.00 | 13x | -11.5x | 0.3x |
| Sat, 16 Dec 2023 | HK$29.2b | HK$89.4b | -HK$2,116,612,249.00 | 14.7x | -13.8x | 0.3x |
| Mon, 13 Nov 2023 | HK$30.5b | HK$88.0b | -HK$1,985,117,539.00 | 13.6x | -15.4x | 0.3x |
| Wed, 11 Oct 2023 | HK$31.5b | HK$88.0b | -HK$1,985,314,962.00 | 14x | -15.9x | 0.4x |
| Fri, 08 Sep 2023 | HK$30.9b | HK$92.8b | -HK$381,540,697.00 | 14.4x | -80.9x | 0.3x |
| Sun, 06 Aug 2023 | HK$33.7b | HK$94.0b | -HK$410,850,829.00 | 15.7x | -82.1x | 0.4x |
| Tue, 04 Jul 2023 | HK$35.3b | HK$96.8b | HK$34.0m | 9.6x | 1039.5x | 0.4x |
| Thu, 01 Jun 2023 | HK$32.5b | HK$98.2b | HK$34.2m | 9.6x | 950.4x | 0.3x |
| Sat, 29 Apr 2023 | HK$40.7b | HK$100.2b | HK$4.5m | 12.1x | 9046.6x | 0.4x |
| Mon, 27 Mar 2023 | HK$43.7b | HK$100.7b | -HK$80,525,235.00 | 15.8x | -543x | 0.4x |
| Wed, 22 Feb 2023 | HK$46.9b | HK$107.9b | HK$5.4b | 8.5x | 8.7x | 0.4x |
| Fri, 20 Jan 2023 | HK$50.2b | HK$108.8b | HK$5.4b | 9.1x | 9.3x | 0.5x |
| Sun, 18 Dec 2022 | HK$51.9b | HK$106.4b | HK$5.3b | 9.7x | 9.8x | 0.5x |
| Tue, 15 Nov 2022 | HK$37.3b | HK$105.7b | HK$5.3b | 7.1x | 7.1x | 0.4x |
Price to Earnings Ratio
7.1x
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 14.5x which is lower than its 3-year average PE of 91.8x.
- 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 3.3% 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 | 1.91% | |
| Materials | 4.04% | |
| Paper and Forestry Products | -0.29% | |
| Forestry Products | 5.04% | |
| Paper 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 46.1x.
- Analysts are expecting annual earnings growth of 16.3%, 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 16% 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 16% 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 | |
|---|---|---|---|---|---|
| 2314 Lee & Man Paper Manufacturing | HK$2.78 | 1.1% +HK$128.9m | 9.9% | PE8.8x | |
| 723 Reliance Global Holdings | HK$0.25 | 24.1% +HK$52.5m | 17.6% | PS1.5x | |
| 8186 Almana | HK$0.35 | 16.4% +HK$5.7m | -79.5% | PE29.7x | |
| 923 Integrated Waste Solutions Group Holdings | HK$0.023 | 4.5% +HK$4.8m | 15.0% | PS2.5x | |
| 8277 Steed Oriental (Holdings) | HK$0.15 | 0.7% +HK$262.5k | -10.2% | PE1.1x |
