Does Lee & Man Paper Manufacturing (HKG:2314) Have A Healthy Balance Sheet?
Dec 24
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Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedJan 22, 2026
DataAggregated Company Financials
Companies10
- 7D-1.6%
- 3M25.5%
- 1Y96.2%
- YTD17.1%
Over the last 7 days, the Paper and Forestry Products industry has dropped 1.6%, driven by a pullback from Da Sen Holdings Group of 25%. This takes the industry's 12 month performance to a gain of 96%. 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 |
|---|---|---|---|---|---|---|
| Thu, 22 Jan 2026 | HK$48.8b | HK$97.1b | HK$2.7b | 10.3x | 17.8x | 0.5x |
| Sat, 20 Dec 2025 | HK$40.4b | HK$96.2b | HK$2.7b | 9x | 14.9x | 0.4x |
| Mon, 17 Nov 2025 | HK$41.9b | HK$95.6b | HK$2.7b | 9.3x | 15.7x | 0.4x |
| Wed, 15 Oct 2025 | HK$37.6b | HK$95.2b | HK$2.7b | 9x | 14.2x | 0.4x |
| Fri, 12 Sep 2025 | HK$42.0b | HK$94.5b | HK$1.7b | 10.9x | 24.4x | 0.4x |
| Sun, 10 Aug 2025 | HK$37.2b | HK$94.6b | HK$1.7b | 12.9x | 22.2x | 0.4x |
| Tue, 08 Jul 2025 | HK$26.8b | HK$95.0b | HK$1.7b | 9.5x | 16x | 0.3x |
| Thu, 05 Jun 2025 | HK$24.1b | HK$94.9b | HK$2.1b | 12.2x | 11.6x | 0.3x |
| Sat, 03 May 2025 | HK$23.0b | HK$93.3b | HK$2.0b | 11.9x | 11.3x | 0.2x |
| Mon, 31 Mar 2025 | HK$25.7b | HK$93.7b | HK$2.1b | 14x | 12.3x | 0.3x |
| Wed, 26 Feb 2025 | HK$25.4b | HK$89.9b | HK$2.3b | 9.8x | 11.1x | 0.3x |
| Fri, 24 Jan 2025 | HK$24.6b | HK$89.8b | HK$2.3b | 11.3x | 10.7x | 0.3x |
| Sun, 22 Dec 2024 | HK$25.6b | HK$89.6b | HK$2.3b | 10.1x | 11.2x | 0.3x |
| Tue, 19 Nov 2024 | HK$25.5b | HK$90.2b | HK$2.3b | 9.7x | 11x | 0.3x |
| Thu, 17 Oct 2024 | HK$27.3b | HK$91.2b | HK$2.3b | 11.1x | 11.8x | 0.3x |
| Sat, 14 Sep 2024 | HK$22.9b | HK$87.9b | HK$726.0m | 5.8x | 31.5x | 0.3x |
| Mon, 12 Aug 2024 | HK$24.9b | HK$87.4b | HK$785.4m | 5.9x | 31.7x | 0.3x |
| Wed, 10 Jul 2024 | HK$25.4b | HK$86.3b | HK$340.3m | 7.9x | 74.6x | 0.3x |
| Fri, 07 Jun 2024 | HK$27.0b | HK$86.6b | HK$313.5m | 7.5x | 86.1x | 0.3x |
| Sun, 05 May 2024 | HK$28.0b | HK$86.6b | HK$312.8m | 9x | 89.5x | 0.3x |
| Tue, 02 Apr 2024 | HK$26.2b | HK$86.3b | HK$309.5m | 4.9x | 84.8x | 0.3x |
| Thu, 29 Feb 2024 | HK$28.3b | HK$87.7b | -HK$223,948,703.40 | 13.9x | -126.6x | 0.3x |
| Sat, 27 Jan 2024 | HK$23.3b | HK$89.2b | -HK$2,109,052,237.00 | 12.7x | -11x | 0.3x |
| Mon, 25 Dec 2023 | HK$28.4b | HK$89.2b | -HK$2,108,843,356.00 | 14.1x | -13.4x | 0.3x |
| Wed, 22 Nov 2023 | HK$29.5b | HK$89.2b | -HK$2,090,227,974.00 | 169.4x | -14.1x | 0.3x |
| Fri, 20 Oct 2023 | HK$30.2b | HK$87.9b | -HK$1,980,884,360.00 | 13.9x | -15.2x | 0.3x |
| Sun, 17 Sep 2023 | HK$31.8b | HK$93.1b | -HK$387,174,701.00 | 14.6x | -82.1x | 0.3x |
| Tue, 15 Aug 2023 | HK$32.2b | HK$93.3b | -HK$398,638,587.00 | 15.1x | -80.8x | 0.3x |
| Thu, 13 Jul 2023 | HK$34.6b | HK$97.0b | HK$79.6m | 9.3x | 434x | 0.4x |
| Sat, 10 Jun 2023 | HK$34.9b | HK$98.0b | HK$37.5m | 10.1x | 929.7x | 0.4x |
| Mon, 08 May 2023 | HK$40.4b | HK$100.2b | HK$3.9m | 11.5x | 10480.2x | 0.4x |
| Wed, 05 Apr 2023 | HK$43.0b | HK$100.5b | -HK$50,021,303.00 | 14.9x | -860.6x | 0.4x |
| Fri, 03 Mar 2023 | HK$46.8b | HK$100.5b | -HK$48,531,365.00 | 16.2x | -964x | 0.5x |
| Sun, 29 Jan 2023 | HK$51.4b | HK$108.8b | HK$5.4b | 9.3x | 9.5x | 0.5x |
Price to Earnings Ratio
9.5x
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 17.8x which is lower than its 3-year average PE of 92.3x.
- 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 3.7% 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 | -0.80% | |
| Materials | 4.12% | |
| Paper and Forestry Products | -1.59% | |
| Forestry Products | 9.73% | |
| Paper Products | -1.83% | |
Industry PE
- Investors are most optimistic about the Paper Products industry even though it's trading below its 3-year average PE ratio of 46.5x.
- Analysts are expecting annual earnings growth of 18.1%, 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$7.36 | 2.2% +HK$750.8m | 141.3% | PE17.5x | |
| 2314 Lee & Man Paper Manufacturing | HK$3.36 | 4.7% +HK$644.3m | 49.3% | PE10.6x | |
| 94 Greenheart Group | HK$0.092 | 10.8% +HK$25.0m | 80.4% | PS4.8x | |
| 8186 Almana | HK$1.68 | 7.0% +HK$12.5m | 124.0% | PE140.7x | |
| 1069 China Health Technology Group Holding | HK$0.42 | 1.2% +HK$514.6k | -2.3% | PE1.7x |
