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
UpdatedDec 03, 2025
DataAggregated Company Financials
Companies10
- 7D9.5%
- 3M15.1%
- 1Y68.0%
- YTD73.2%
In the last week, the Paper and Forestry Products industry is up 9.3%, with Nine Dragons Paper (Holdings) up 9.1%. In the same time, Reliance Global Holdings was down 6.0%. This takes the industry's 12 month performance to a gain of 68%. 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 |
|---|---|---|---|---|---|---|
| Wed, 03 Dec 2025 | HK$44.2b | HK$96.0b | HK$2.7b | 10x | 16.3x | 0.5x |
| Fri, 31 Oct 2025 | HK$39.2b | HK$95.4b | HK$2.7b | 8.9x | 14.8x | 0.4x |
| Sun, 28 Sep 2025 | HK$38.3b | HK$95.3b | HK$3.1b | 10.9x | 12.5x | 0.4x |
| Tue, 26 Aug 2025 | HK$39.4b | HK$94.5b | HK$1.7b | 12.5x | 22.9x | 0.4x |
| Thu, 24 Jul 2025 | HK$31.2b | HK$95.1b | HK$1.7b | 9.8x | 18.7x | 0.3x |
| Sat, 21 Jun 2025 | HK$24.5b | HK$95.0b | HK$2.1b | 11.9x | 11.8x | 0.3x |
| Mon, 19 May 2025 | HK$23.9b | HK$94.4b | HK$2.1b | 14.2x | 11.6x | 0.3x |
| Wed, 16 Apr 2025 | HK$23.4b | HK$92.9b | HK$2.0b | 12.4x | 11.5x | 0.3x |
| Fri, 14 Mar 2025 | HK$26.3b | HK$93.8b | HK$2.1b | 11.2x | 12.6x | 0.3x |
| Sun, 09 Feb 2025 | HK$25.1b | HK$89.8b | HK$2.3b | 10.4x | 10.9x | 0.3x |
| Tue, 07 Jan 2025 | HK$25.0b | HK$89.4b | HK$2.3b | 11.1x | 10.9x | 0.3x |
| Thu, 05 Dec 2024 | HK$25.8b | HK$89.9b | HK$2.3b | 9.8x | 11.2x | 0.3x |
| Sat, 02 Nov 2024 | HK$26.8b | HK$91.2b | HK$2.3b | 10.5x | 11.5x | 0.3x |
| Mon, 30 Sep 2024 | HK$29.0b | HK$92.1b | HK$2.3b | 9.1x | 12.4x | 0.3x |
| Wed, 28 Aug 2024 | HK$24.1b | HK$87.8b | HK$781.8m | 5.8x | 30.8x | 0.3x |
| Fri, 26 Jul 2024 | HK$24.6b | HK$86.6b | HK$337.6m | 7.2x | 72.9x | 0.3x |
| Sun, 23 Jun 2024 | HK$28.0b | HK$86.4b | HK$315.2m | 7.1x | 88.8x | 0.3x |
| Tue, 21 May 2024 | HK$34.1b | HK$86.6b | HK$313.3m | 9.1x | 108.9x | 0.4x |
| Thu, 18 Apr 2024 | HK$25.6b | HK$86.8b | HK$311.3m | 8.7x | 82.2x | 0.3x |
| Sat, 16 Mar 2024 | HK$27.2b | HK$86.6b | HK$340.0m | 4.8x | 80x | 0.3x |
| Mon, 12 Feb 2024 | HK$26.1b | HK$88.7b | -HK$2,065,182,313.35 | 13.5x | -12.6x | 0.3x |
| Wed, 10 Jan 2024 | HK$25.0b | HK$89.2b | -HK$2,109,510,066.00 | 12.6x | -11.8x | 0.3x |
| Fri, 08 Dec 2023 | HK$27.6b | HK$89.1b | -HK$2,106,320,903.00 | 13.5x | -13.1x | 0.3x |
| Sun, 05 Nov 2023 | HK$31.2b | HK$88.0b | -HK$1,984,033,614.00 | 14.2x | -15.7x | 0.4x |
| Tue, 03 Oct 2023 | HK$31.0b | HK$88.1b | -HK$1,988,432,863.00 | 14.2x | -15.6x | 0.4x |
| Thu, 31 Aug 2023 | HK$31.3b | HK$93.2b | -HK$398,131,256.00 | 14.6x | -78.6x | 0.3x |
| Sat, 29 Jul 2023 | HK$35.8b | HK$97.1b | HK$78.4m | 9.7x | 456.4x | 0.4x |
| Mon, 26 Jun 2023 | HK$33.6b | HK$97.5b | HK$45.1m | 9.4x | 745.4x | 0.3x |
| Wed, 24 May 2023 | HK$37.5b | HK$98.7b | HK$27.1m | 10.4x | 1380.4x | 0.4x |
| Fri, 21 Apr 2023 | HK$44.3b | HK$100.6b | -HK$911,299.00 | 12.4x | -48622.3x | 0.4x |
| Sun, 19 Mar 2023 | HK$42.3b | HK$100.6b | -HK$78,212,408.00 | 16.4x | -540.3x | 0.4x |
| Tue, 14 Feb 2023 | HK$49.4b | HK$108.6b | HK$5.4b | 8.7x | 9.1x | 0.5x |
| Thu, 12 Jan 2023 | HK$51.2b | HK$108.8b | HK$5.4b | 9.3x | 9.4x | 0.5x |
| Sat, 10 Dec 2022 | HK$45.8b | HK$106.4b | HK$5.3b | 8.5x | 8.6x | 0.4x |
Price to Earnings Ratio
8.6x
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 16.1x 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 20% per year over the last three years,
- Revenues have also declined 3.4% 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 | 0.65% | |
| Materials | 5.04% | |
| Paper and Forestry Products | 9.46% | |
| Paper Products | 9.64% | |
| Forestry Products | -1.08% | |
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$6.33 | 9.1% +HK$2.5b | 96.6% | PE15.3x | |
| 2314 Lee & Man Paper Manufacturing | HK$3.18 | 10.8% +HK$1.3b | 33.6% | PE10x | |
| 1580 Da Sen Holdings Group | HK$0.16 | 10.8% +HK$17.5m | 86.4% | PS14.5x | |
| 923 Integrated Waste Solutions Group Holdings | HK$0.022 | 4.8% +HK$4.8m | 10.0% | PS2.4x | |
| 8191 Hong Wei (Asia) Holdings | HK$0.13 | 2.3% +HK$189.6k | -30.2% | PS0.04x |
