The Price Is Right For Midland Holdings Limited (HKG:1200) Even After Diving 31%
Apr 16
Hong Kong (HSI) Real Estate Services Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies8
- 7D-7.8%
- 3M-22.1%
- 1Y-53.0%
- YTDn/a
Over the last 7 days, the Real Estate Services industry has dropped 5.3%, driven by pullbacks from every company within the industry. The industry has fallen 55% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Hong Kong Real Estate Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | HK$14.9b | HK$22.1b | HK$714.8m | 9.7x | 20.8x | 0.7x |
| Sat, 16 Mar 2024 | HK$22.8b | HK$20.3b | HK$1.1b | 9.5x | 21.1x | 1.1x |
| Mon, 12 Feb 2024 | HK$18.5b | HK$20.3b | HK$1.2b | 9.5x | 15.7x | 0.9x |
| Wed, 10 Jan 2024 | HK$20.3b | HK$20.3b | HK$1.2b | 11.2x | 17.3x | 1x |
| Fri, 08 Dec 2023 | HK$20.9b | HK$20.3b | HK$1.2b | 10.5x | 17.7x | 1x |
| Sun, 05 Nov 2023 | HK$23.7b | HK$20.3b | HK$1.2b | 12.2x | 20.1x | 1.2x |
| Tue, 03 Oct 2023 | HK$30.5b | HK$20.3b | HK$1.2b | 15x | 25.9x | 1.5x |
| Thu, 31 Aug 2023 | HK$33.0b | HK$21.2b | HK$670.0m | 14.9x | 49.3x | 1.6x |
| Sat, 29 Jul 2023 | HK$32.6b | HK$19.8b | HK$434.1m | 22.6x | 75.1x | 1.6x |
| Mon, 26 Jun 2023 | HK$28.4b | HK$22.6b | HK$1.0b | 2.9x | 28.3x | 1.3x |
| Wed, 24 May 2023 | HK$28.9b | HK$22.6b | HK$1.0b | 2.8x | 28.8x | 1.3x |
| Fri, 21 Apr 2023 | HK$31.6b | HK$22.6b | HK$1.1b | 2.3x | 29.6x | 1.4x |
| Sun, 19 Mar 2023 | HK$922.3m | HK$4.2b | HK$604.3m | 1.5x | 1.5x | 0.2x |
| Tue, 14 Feb 2023 | HK$35.6b | HK$26.9b | HK$230.4m | 7.2x | 154.5x | 1.3x |
| Thu, 12 Jan 2023 | HK$37.3b | HK$26.9b | HK$230.5m | 6.7x | 162x | 1.4x |
| Sat, 10 Dec 2022 | HK$32.2b | HK$26.9b | HK$230.0m | 6.4x | 140x | 1.2x |
| Mon, 07 Nov 2022 | HK$22.8b | HK$36.6b | -HK$9,488,470,982.00 | 5.3x | -2.4x | 0.6x |
| Wed, 05 Oct 2022 | HK$27.5b | HK$36.7b | -HK$9,582,678,130.00 | 7x | -2.9x | 0.8x |
| Fri, 02 Sep 2022 | HK$32.6b | HK$37.0b | -HK$9,769,655,439.00 | 7.4x | -3.3x | 0.9x |
| Sun, 31 Jul 2022 | HK$31.2b | HK$38.4b | -HK$9,156,298,235.00 | 4.6x | -3.4x | 0.8x |
| Tue, 28 Jun 2022 | HK$32.3b | HK$38.5b | -HK$9,240,108,314.00 | 5.4x | -3.5x | 0.8x |
| Thu, 26 May 2022 | HK$32.7b | HK$38.6b | -HK$9,293,030,424.00 | 5.6x | -3.5x | 0.8x |
| Sat, 23 Apr 2022 | HK$34.9b | HK$39.1b | -HK$9,597,506,146.00 | 6.3x | -3.6x | 0.9x |
| Mon, 21 Mar 2022 | HK$30.1b | HK$41.1b | HK$554.3m | 6.1x | 54.2x | 0.7x |
| Wed, 16 Feb 2022 | HK$36.8b | HK$41.0b | HK$611.8m | 6.4x | 60.1x | 0.9x |
| Fri, 14 Jan 2022 | HK$32.8b | HK$41.0b | HK$612.7m | 6.3x | 53.5x | 0.8x |
| Sun, 12 Dec 2021 | HK$34.6b | HK$41.0b | HK$613.4m | 6.9x | 56.5x | 0.8x |
| Tue, 09 Nov 2021 | HK$29.4b | HK$41.8b | HK$675.0m | 8.4x | 43.6x | 0.7x |
| Thu, 07 Oct 2021 | HK$30.7b | HK$41.6b | HK$680.4m | 8.6x | 45.1x | 0.7x |
| Sat, 04 Sep 2021 | HK$33.0b | HK$40.7b | HK$465.9m | 9.5x | 70.8x | 0.8x |
| Mon, 02 Aug 2021 | HK$37.4b | HK$40.7b | HK$465.9m | 10x | 80.2x | 0.9x |
| Thu, 06 May 2021 | HK$48.9b | HK$36.3b | HK$1.2b | 14.1x | 42.1x | 1.3x |
Price to Earnings Ratio
42.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Real Estate Services 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 20.7x which is lower than its 3-year average PE of 43.4x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the Real Estate Services industry have declined 15% per year over the last three years,
- Revenues have also declined 15% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Real Estate Services compare with similar industries?
| HK Market | -2.76% | |
| Real Estate | -5.51% | |
| Real Estate | -5.29% | |
| Real Estate Services | -7.76% | |
| Real Estate Development | -4.94% | |
| Real Estate Operating Companies | -4.96% | |
| Diversified Real Estate | -6.13% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||
