Is Cowell e Holdings (HKG:1415) Using Too Much Debt?
Nov 29
Hong Kong (HSI) Electronic Equipment and Components Industry Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies78
- 7D0.1%
- 3M-2.5%
- 1Y-15.0%
- YTD-18.1%
Over the last 7 days, the Electronic Equipment and Components industry has remained flat, although notably Sunny Optical Technology (Group) gained 3.9%. Unfortunately though, the industry is down 15% over the past 12 months. Earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Hong Kong Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | HK$283.5b | HK$541.9b | HK$13.7b | 7.4x | 20.6x | 0.5x |
| Mon, 30 Oct 2023 | HK$263.7b | HK$539.8b | HK$14.0b | 7x | 18.9x | 0.5x |
| Wed, 27 Sep 2023 | HK$251.6b | HK$539.0b | HK$13.7b | 7.7x | 18.3x | 0.5x |
| Fri, 25 Aug 2023 | HK$331.2b | HK$577.6b | HK$16.8b | 7.2x | 19.7x | 0.6x |
| Sun, 23 Jul 2023 | HK$297.0b | HK$584.7b | HK$19.5b | 7x | 15.2x | 0.5x |
| Tue, 20 Jun 2023 | HK$322.3b | HK$587.6b | HK$20.2b | 6.4x | 16x | 0.5x |
| Thu, 18 May 2023 | HK$331.5b | HK$600.7b | HK$20.2b | 6.3x | 16.4x | 0.6x |
| Sat, 15 Apr 2023 | HK$353.3b | HK$603.9b | HK$20.4b | 6.8x | 17.3x | 0.6x |
| Mon, 13 Mar 2023 | HK$350.0b | HK$629.2b | HK$30.4b | 6x | 11.5x | 0.6x |
| Wed, 08 Feb 2023 | HK$377.1b | HK$626.4b | HK$31.6b | 6.6x | 11.9x | 0.6x |
| Fri, 06 Jan 2023 | HK$340.4b | HK$623.8b | HK$31.4b | 6.1x | 10.8x | 0.5x |
| Sun, 04 Dec 2022 | HK$335.2b | HK$611.7b | HK$31.4b | 6.3x | 10.7x | 0.5x |
| Tue, 01 Nov 2022 | HK$270.9b | HK$610.8b | HK$31.4b | 5.6x | 8.6x | 0.4x |
| Thu, 29 Sep 2022 | HK$292.5b | HK$610.9b | HK$31.5b | 6.4x | 9.3x | 0.5x |
| Sat, 27 Aug 2022 | HK$354.8b | HK$615.7b | HK$36.6b | 6.7x | 9.7x | 0.6x |
| Mon, 25 Jul 2022 | HK$358.3b | HK$619.0b | HK$37.9b | 7.2x | 9.5x | 0.6x |
| Wed, 22 Jun 2022 | HK$366.3b | HK$611.3b | HK$37.7b | 6.9x | 9.7x | 0.6x |
| Fri, 20 May 2022 | HK$363.1b | HK$611.2b | HK$37.8b | 6.8x | 9.6x | 0.6x |
| Sun, 17 Apr 2022 | HK$377.7b | HK$617.8b | HK$38.7b | 6.9x | 9.8x | 0.6x |
| Tue, 15 Mar 2022 | HK$382.5b | HK$599.2b | HK$34.7b | 6.6x | 11x | 0.6x |
| Thu, 10 Feb 2022 | HK$515.2b | HK$601.5b | HK$34.7b | 7.4x | 14.8x | 0.9x |
| Sat, 08 Jan 2022 | HK$552.0b | HK$601.3b | HK$34.7b | 7.6x | 15.9x | 0.9x |
| Mon, 06 Dec 2021 | HK$564.4b | HK$601.1b | HK$34.6b | 7.8x | 16.3x | 0.9x |
| Wed, 03 Nov 2021 | HK$522.7b | HK$598.3b | HK$34.7b | n/a | 15.1x | 0.9x |
| Fri, 01 Oct 2021 | HK$526.9b | HK$599.6b | HK$34.9b | 8.5x | 15.1x | 0.9x |
| Sun, 29 Aug 2021 | HK$562.0b | HK$599.2b | HK$34.8b | 9.8x | 16.1x | 0.9x |
| Mon, 05 Jul 2021 | HK$629.1b | HK$599.2b | HK$34.8b | 9.6x | 18.1x | 1.1x |
| Thu, 08 Apr 2021 | HK$516.7b | HK$569.3b | HK$28.9b | 9.5x | 17.9x | 0.9x |
| Sun, 10 Jan 2021 | HK$477.3b | HK$537.0b | HK$22.4b | 10.6x | 21.3x | 0.9x |
Price to Earnings Ratio
21.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.6x which is higher than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 13% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -3.36% | |
| Tech | -1.61% | |
| Electronic Equipment and Components | 0.12% | |
| Electronic Manufacturing Services | 6.89% | |
| Electronic Components | 0.13% | |
| Electronic Equipment and Instruments | -2.10% | |
| Technology Distributors | -4.22% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 14.5x.
- Analysts are expecting annual earnings growth of 34.0%, which is higher than its past year's earnings decline of 31.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 2382 Sunny Optical Technology (Group) | HK$72.45 | 3.9% +HK$2.9b | -23.1% | PE48.6x | |
| 2018 AAC Technologies Holdings | HK$21.55 | 10.1% +HK$2.4b | 19.2% | PE38x | |
| 1888 Kingboard Laminates Holdings | HK$6.98 | 2.5% +HK$530.4m | -12.6% | PE43.1x | |
| 3393 Wasion Holdings | HK$3.25 | 14.0% +HK$398.4m | 25.0% | PE7.5x | |
| 1415 Cowell e Holdings | HK$20.00 | 2.0% +HK$340.5m | 55.8% | PE30.7x |
