Does BYD Electronic (International) (HKG:285) Have A Healthy Balance Sheet?
Apr 18
Hong Kong (HSI) Communications Equipment Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies20
- 7D-7.4%
- 3M-10.8%
- 1Y-16.6%
- YTDn/a
Over the last 7 days, the Communications Equipment industry has dropped 7.4%, driven by a pullback from BYD Electronic (International) of 11%. Overall the industry is down 17% in 12 months. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Hong Kong Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | HK$89.5b | HK$189.2b | HK$7.4b | 12.7x | 12.1x | 0.5x |
| Sun, 17 Mar 2024 | HK$101.6b | HK$180.0b | HK$5.2b | 9.2x | 19.7x | 0.6x |
| Tue, 13 Feb 2024 | HK$98.0b | HK$180.0b | HK$5.1b | 9.3x | 19.1x | 0.5x |
| Thu, 11 Jan 2024 | HK$111.4b | HK$181.1b | HK$5.1b | 9.5x | 21.8x | 0.6x |
| Sat, 09 Dec 2023 | HK$106.1b | HK$181.1b | HK$5.1b | 10.2x | 20.8x | 0.6x |
| Mon, 06 Nov 2023 | HK$117.3b | HK$178.5b | HK$4.9b | 10x | 23.7x | 0.7x |
| Wed, 04 Oct 2023 | HK$120.3b | HK$179.5b | HK$5.0b | 10.7x | 23.9x | 0.7x |
| Fri, 01 Sep 2023 | HK$121.8b | HK$180.0b | HK$5.0b | 11.2x | 24.3x | 0.7x |
| Sun, 30 Jul 2023 | HK$111.1b | HK$167.6b | HK$3.6b | 13.3x | 30.5x | 0.7x |
| Tue, 27 Jun 2023 | HK$96.5b | HK$166.8b | HK$3.5b | 17x | 27.2x | 0.6x |
| Thu, 25 May 2023 | HK$94.2b | HK$170.3b | HK$3.6b | 13.1x | 26x | 0.6x |
| Sat, 22 Apr 2023 | HK$98.9b | HK$175.2b | HK$3.9b | 14.1x | 25.4x | 0.6x |
| Mon, 20 Mar 2023 | HK$96.3b | HK$154.9b | HK$2.8b | 11x | 33.8x | 0.6x |
| Wed, 15 Feb 2023 | HK$107.6b | HK$155.3b | HK$2.7b | 11.7x | 39.9x | 0.7x |
| Fri, 13 Jan 2023 | HK$105.0b | HK$155.7b | HK$2.7b | 11.6x | 38.8x | 0.7x |
| Sun, 11 Dec 2022 | HK$108.7b | HK$151.5b | HK$2.6b | 11.6x | 41.5x | 0.7x |
| Tue, 08 Nov 2022 | HK$102.4b | HK$148.4b | HK$2.5b | 9.6x | 40.6x | 0.7x |
| Thu, 06 Oct 2022 | HK$96.0b | HK$148.0b | HK$2.3b | 14.8x | 42.5x | 0.6x |
| Sat, 03 Sep 2022 | HK$104.4b | HK$151.5b | HK$2.3b | 15.2x | 44.7x | 0.7x |
| Mon, 01 Aug 2022 | HK$93.9b | HK$153.2b | HK$3.7b | 11.2x | 25.1x | 0.6x |
| Wed, 29 Jun 2022 | HK$109.1b | HK$154.1b | HK$3.8b | 11.6x | 28.7x | 0.7x |
| Fri, 27 May 2022 | HK$81.5b | HK$154.9b | HK$3.8b | 10.5x | 21.3x | 0.5x |
| Sun, 24 Apr 2022 | HK$78.2b | HK$156.6b | HK$4.0b | 11.7x | 19.7x | 0.5x |
| Tue, 22 Mar 2022 | HK$90.0b | HK$155.1b | HK$7.4b | 13.6x | 12.2x | 0.6x |
| Thu, 17 Feb 2022 | HK$108.6b | HK$154.4b | HK$7.4b | 15.3x | 14.8x | 0.7x |
| Sat, 15 Jan 2022 | HK$117.0b | HK$153.7b | HK$7.3b | 17x | 16x | 0.8x |
| Mon, 13 Dec 2021 | HK$125.1b | HK$153.7b | HK$7.3b | 16.8x | 17.1x | 0.8x |
| Wed, 10 Nov 2021 | HK$111.4b | HK$153.0b | HK$7.7b | 13.2x | 14.5x | 0.7x |
| Fri, 08 Oct 2021 | HK$115.0b | HK$151.6b | HK$7.7b | 13.2x | 15x | 0.8x |
| Sun, 05 Sep 2021 | HK$134.0b | HK$160.2b | HK$7.3b | 14.5x | 18.4x | 0.8x |
| Tue, 03 Aug 2021 | HK$146.6b | HK$160.2b | HK$7.3b | 14.9x | 20.2x | 0.9x |
| Fri, 07 May 2021 | HK$144.9b | HK$150.5b | HK$7.5b | 12.7x | 19.3x | 1x |
Price to Earnings Ratio
19.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Communications Equipment 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 12.1x which is lower than its 3-year average PE of 24.8x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Communications Equipment industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Hong Kong Communications Equipment compare with similar industries?
| HK Market | -1.99% | |
| Tech | -3.45% | |
| Communications | -7.43% | |
| Communications Equipment | -7.43% | |
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 | |
|---|---|---|---|---|---|
| 6869 Yangtze Optical Fibre And Cable Limited | HK$8.95 | 1.7% +HK$113.7m | -49.0% | PE4.8x | |
| 482 Sandmartin International Holdings | HK$0.11 | 243.8% +HK$96.0m | -15.4% | PS0.2x | |
| 1202 Chengdu SIWI Science and Technology | HK$0.73 | 10.6% +HK$28.0m | -18.9% | PE97.4x | |
| 1617 Nanfang Communication Holdings | HK$0.095 | 6.7% +HK$9.8m | -1.0% | PE27.5x | |
| 8245 Shanyu Group Holdings | HK$0.05 | 22.0% +HK$7.8m | -66.2% | PS1.8x |
