Estimating The Intrinsic Value Of Onewo Inc. (HKG:2602)
Jul 04
Hong Kong (HSI) Real Estate Industry Analysis
UpdatedJul 04, 2024
DataAggregated Company Financials
Companies247
- 7D0.5%
- 3M1.8%
- 1Y-26.3%
- YTD-8.3%
The Real Estate is pretty flat in the last 7 days, but China Resources Land has stood out, gaining 3.3%. Unfortunately though, the industry is down 26% over the past 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Hong Kong Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 04 Jul 2024 | HK$1.9t | HK$3.4t | -HK$17,557,620,918.09 | 6.8x | -110.7x | 0.6x |
| Sat, 01 Jun 2024 | HK$2.1t | HK$4.0t | -HK$68,399,231,642.07 | 7.2x | -30.2x | 0.5x |
| Mon, 29 Apr 2024 | HK$2.0t | HK$4.0t | -HK$76,015,111,752.32 | 6.8x | -26.3x | 0.5x |
| Wed, 27 Mar 2024 | HK$1.9t | HK$3.9t | -HK$158,576,845,946.78 | 6.4x | -12.3x | 0.5x |
| Fri, 23 Feb 2024 | HK$2.0t | HK$3.9t | -HK$170,292,313,714.51 | 6.2x | -12x | 0.5x |
| Sun, 21 Jan 2024 | HK$2.0t | HK$4.0t | -HK$181,137,731,050.00 | 6.7x | -10.8x | 0.5x |
| Tue, 19 Dec 2023 | HK$2.2t | HK$4.0t | -HK$180,658,475,426.00 | 6.7x | -12.1x | 0.5x |
| Thu, 16 Nov 2023 | HK$2.3t | HK$4.0t | -HK$174,571,277,528.00 | 7.4x | -13.1x | 0.6x |
| Sat, 14 Oct 2023 | HK$2.3t | HK$3.9t | -HK$171,706,698,581.00 | 7.2x | -13.5x | 0.6x |
| Mon, 11 Sep 2023 | HK$2.6t | HK$4.0t | -HK$148,936,828,553.00 | 7.7x | -17.3x | 0.6x |
| Wed, 09 Aug 2023 | HK$2.7t | HK$4.6t | -HK$35,640,151,637.00 | 7.6x | -74.9x | 0.6x |
| Fri, 07 Jul 2023 | HK$2.7t | HK$4.8t | HK$4.5b | 7.2x | 609.9x | 0.6x |
| Sun, 04 Jun 2023 | HK$2.8t | HK$4.9t | HK$1.3b | 7.2x | 2071.4x | 0.6x |
| Tue, 02 May 2023 | HK$3.1t | HK$4.9t | -HK$1,383,313,207.00 | 7.8x | -2231.6x | 0.6x |
| Thu, 30 Mar 2023 | HK$3.1t | HK$5.4t | HK$289.8b | 6.2x | 10.7x | 0.6x |
| Sat, 25 Feb 2023 | HK$3.2t | HK$5.5t | HK$355.8b | 6.3x | 9.1x | 0.6x |
| Mon, 23 Jan 2023 | HK$3.5t | HK$5.6t | HK$370.6b | 6.4x | 9.4x | 0.6x |
| Wed, 21 Dec 2022 | HK$3.2t | HK$5.5t | HK$365.6b | 6.4x | 8.8x | 0.6x |
| Fri, 18 Nov 2022 | HK$3.0t | HK$5.4t | HK$360.2b | 6.2x | 8.3x | 0.5x |
| Sun, 16 Oct 2022 | HK$2.8t | HK$5.4t | HK$360.8b | 5.7x | 7.9x | 0.5x |
| Tue, 13 Sep 2022 | HK$3.2t | HK$5.5t | HK$364.9b | 6.2x | 8.9x | 0.6x |
| Thu, 11 Aug 2022 | HK$3.1t | HK$5.8t | HK$494.8b | 5.5x | 6.3x | 0.5x |
| Sat, 09 Jul 2022 | HK$3.6t | HK$5.8t | HK$498.9b | 6.5x | 7.2x | 0.6x |
| Mon, 06 Jun 2022 | HK$3.6t | HK$5.9t | HK$508.9b | 6.4x | 7.1x | 0.6x |
| Wed, 04 May 2022 | HK$3.8t | HK$5.9t | HK$511.4b | 6.8x | 7.4x | 0.6x |
| Fri, 01 Apr 2022 | HK$3.8t | HK$6.1t | HK$610.6b | 6.1x | 6.2x | 0.6x |
| Sun, 27 Feb 2022 | HK$4.0t | HK$6.0t | HK$613.3b | 6.3x | 6.5x | 0.7x |
| Tue, 25 Jan 2022 | HK$4.3t | HK$5.9t | HK$600.6b | 6.9x | 7.1x | 0.7x |
| Thu, 23 Dec 2021 | HK$3.8t | HK$5.9t | HK$598.1b | 6.8x | 6.4x | 0.6x |
| Sat, 20 Nov 2021 | HK$4.1t | HK$5.9t | HK$593.9b | 7.1x | 6.9x | 0.7x |
| Mon, 18 Oct 2021 | HK$4.3t | HK$5.9t | HK$586.5b | 7.4x | 7.3x | 0.7x |
| Wed, 15 Sep 2021 | HK$4.3t | HK$5.8t | HK$581.6b | 7.6x | 7.3x | 0.7x |
| Fri, 13 Aug 2021 | HK$4.7t | HK$5.8t | HK$577.4b | 7.5x | 8.2x | 0.8x |
Price to Earnings Ratio
8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 16% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate industry?
| HK Market | 0.03% | |
| Real Estate | 0.24% | |
| Real Estate | 0.50% | |
| Real Estate Services | 8.84% | |
| Real Estate Development | 0.99% | |
| Diversified Real Estate | 0.0019% | |
| Real Estate Operating Companies | -0.41% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry even though it's trading below its 3-year average PE ratio of 40.6x.
- Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings decline of 1.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 4.1% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings grow by 8.8% 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 | |
|---|---|---|---|---|---|
| 1109 China Resources Land | HK$28.30 | 3.3% +HK$6.4b | -16.1% | PE6x | |
| 19 Swire Pacific | HK$70.65 | 2.7% +HK$2.5b | 16.6% | PE3.4x | |
| 4 Wharf (Holdings) | HK$23.50 | 3.3% +HK$2.3b | 25.3% | PE76x | |
| 1908 C&D International Investment Group | HK$15.50 | 7.2% +HK$2.0b | -16.6% | PE6.3x | |
| 1972 Swire Properties | HK$12.88 | 2.4% +HK$1.8b | -32.8% | PE28.6x |
