Estimating The Fair Value Of Nine Dragons Paper (Holdings) Limited (HKG:2689)
Jan 29
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Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedJan 30, 2025
DataAggregated Company Financials
Companies8
- 7D1.8%
- 3M-6.4%
- 1Y7.4%
- YTD-0.7%
Last week, the Paper and Forestry Products industry hasn't moved much but Nine Dragons Paper (Holdings) is up 3.6% in that time. The past year has been better, since the industry has gained 4.9% in that time. Looking forward, earnings are forecast to grow by 27% 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, 30 Jan 2025 | HK$25.1b | HK$90.2b | HK$2.3b | 9.8x | 10.9x | 0.3x |
| Sat, 28 Dec 2024 | HK$26.2b | HK$89.5b | HK$2.3b | 10.2x | 11.4x | 0.3x |
| Mon, 25 Nov 2024 | HK$25.3b | HK$90.1b | HK$2.3b | 9.9x | 11x | 0.3x |
| Wed, 23 Oct 2024 | HK$27.4b | HK$91.1b | HK$2.3b | 11.3x | 11.8x | 0.3x |
| Fri, 20 Sep 2024 | HK$23.6b | HK$88.1b | HK$724.0m | 5.9x | 32.5x | 0.3x |
| Sun, 18 Aug 2024 | HK$24.0b | HK$87.3b | HK$785.8m | 5.6x | 30.6x | 0.3x |
| Tue, 16 Jul 2024 | HK$25.8b | HK$86.3b | HK$340.0m | 7.9x | 76x | 0.3x |
| Thu, 13 Jun 2024 | HK$27.1b | HK$86.5b | HK$314.2m | 7.1x | 86.2x | 0.3x |
| Sat, 11 May 2024 | HK$31.8b | HK$86.8b | HK$311.5m | 10.3x | 102x | 0.4x |
| Mon, 08 Apr 2024 | HK$26.8b | HK$86.3b | HK$309.7m | 5.2x | 86.5x | 0.3x |
| Wed, 06 Mar 2024 | HK$25.5b | HK$87.7b | -HK$15,036,869.63 | 6.8x | -1696.7x | 0.3x |
| Fri, 02 Feb 2024 | HK$24.3b | HK$88.8b | -HK$2,093,503,977.00 | 13x | -11.6x | 0.3x |
| Sun, 31 Dec 2023 | HK$28.9b | HK$89.5b | -HK$2,120,593,576.00 | 14.2x | -13.6x | 0.3x |
| Tue, 28 Nov 2023 | HK$29.2b | HK$89.0b | -HK$2,083,090,589.00 | 185.8x | -14x | 0.3x |
| Thu, 26 Oct 2023 | HK$30.0b | HK$87.9b | -HK$1,979,483,235.00 | 13.6x | -15.2x | 0.3x |
| Sat, 23 Sep 2023 | HK$32.0b | HK$92.8b | -HK$382,483,692.00 | 14.5x | -83.8x | 0.3x |
| Mon, 21 Aug 2023 | HK$31.3b | HK$93.2b | -HK$396,971,280.00 | 14.6x | -79x | 0.3x |
| Wed, 19 Jul 2023 | HK$34.2b | HK$97.1b | HK$79.1m | 9.3x | 432.5x | 0.4x |
| Fri, 16 Jun 2023 | HK$35.2b | HK$97.5b | HK$45.0m | 10x | 783.1x | 0.4x |
| Sun, 14 May 2023 | HK$37.7b | HK$99.8b | HK$11.1m | 10.8x | 3397.3x | 0.4x |
| Tue, 11 Apr 2023 | HK$43.0b | HK$100.7b | -HK$2,726,968.00 | 11.8x | -15765.7x | 0.4x |
| Thu, 09 Mar 2023 | HK$44.7b | HK$99.8b | -HK$67,315,730.00 | 16.8x | -663.7x | 0.4x |
| Sat, 04 Feb 2023 | HK$48.2b | HK$109.5b | HK$5.5b | 8.5x | 8.8x | 0.4x |
| Mon, 02 Jan 2023 | HK$48.9b | HK$107.4b | HK$5.4b | 9x | 9.1x | 0.5x |
| Wed, 30 Nov 2022 | HK$40.3b | HK$104.5b | HK$5.2b | 7.7x | 7.7x | 0.4x |
| Fri, 28 Oct 2022 | HK$34.9b | HK$105.1b | HK$5.3b | 6.5x | 6.6x | 0.3x |
| Sun, 25 Sep 2022 | HK$38.2b | HK$106.3b | HK$8.1b | 5.7x | 4.7x | 0.4x |
| Tue, 23 Aug 2022 | HK$45.8b | HK$109.6b | HK$8.5b | 6.7x | 5.4x | 0.4x |
| Thu, 21 Jul 2022 | HK$43.7b | HK$110.5b | HK$9.7b | 4.3x | 4.5x | 0.4x |
| Sat, 18 Jun 2022 | HK$45.0b | HK$111.2b | HK$9.8b | 4.5x | 4.6x | 0.4x |
| Mon, 16 May 2022 | HK$47.9b | HK$110.3b | HK$9.7b | 5.1x | 5x | 0.4x |
| Wed, 13 Apr 2022 | HK$50.6b | HK$115.2b | HK$10.1b | 5.3x | 5x | 0.4x |
| Fri, 11 Mar 2022 | HK$52.2b | HK$115.7b | HK$9.9b | 8x | 5.3x | 0.5x |
| Sun, 06 Feb 2022 | HK$62.0b | HK$108.0b | HK$12.3b | 8.3x | 5x | 0.6x |
Price to Earnings Ratio
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 10.9x which is lower than its 3-year average PE of 89.4x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 43% per year over the last three years,
- Revenues have also declined 5.8% 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 | 1.94% | |
| Materials | -0.22% | |
| Paper and Forestry Products | 1.80% | |
| Forestry Products | 9.65% | |
| Paper Products | 1.63% | |
Industry PE
- Investors are most optimistic about the Paper Products industry even though it's trading below its 3-year average PE ratio of 43.9x.
- Analysts are expecting annual earnings growth of 26.5%, which is lower than the prior year's growth of 116.1% 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 of 0.44x.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 116% per year.
- In contrast, the Paper Products industry is expected to see its earnings grow by 27% 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$3.16 | 3.6% +HK$516.1m | 9.0% | PE18.4x | |
| 723 Reliance Global Holdings | HK$0.33 | 15.8% +HK$49.2m | 230.0% | PS1.1x | |
| 94 Greenheart Group | HK$0.053 | 8.2% +HK$7.4m | 1.9% | PS1.4x | |
| 923 Integrated Waste Solutions Group Holdings | HK$0.014 | 7.7% +HK$4.8m | -54.8% | PS1.5x |
