Capital Allocation Trends At Peiport Holdings (HKG:2885) Aren't Ideal
Apr 09
Hong Kong (HSI) Electronic Equipment and Instruments Industry Analysis
UpdatedApr 21, 2024
DataAggregated Company Financials
Companies17
- 7D1.7%
- 3M19.2%
- 1Y-15.7%
- YTDn/a
Over the last 7 days, the Electronic Equipment and Instruments industry has risen 1.7%, driven by gains from China Railway Signal & Communication of 3.2%. Meanwhile, Robosense Technology actually underperformed within the industry, shrinking 8.4% in the last week. In the past year, the industry is down 16%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Hong Kong Electronic Equipment and Instruments Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 21 Apr 2024 | HK$106.1b | HK$92.1b | HK$5.9b | 9.8x | 18x | 1.2x |
| Tue, 19 Mar 2024 | HK$100.4b | HK$93.2b | HK$6.1b | 8.3x | 16.5x | 1.1x |
| Thu, 15 Feb 2024 | HK$89.6b | HK$93.3b | HK$6.1b | 7.3x | 14.7x | 1x |
| Sat, 13 Jan 2024 | HK$70.6b | HK$93.5b | HK$6.1b | 8.1x | 11.6x | 0.8x |
| Mon, 11 Dec 2023 | HK$70.0b | HK$93.4b | HK$6.1b | 7.8x | 11.5x | 0.7x |
| Wed, 08 Nov 2023 | HK$72.8b | HK$92.6b | HK$6.2b | 7.4x | 11.8x | 0.8x |
| Fri, 06 Oct 2023 | HK$78.1b | HK$93.2b | HK$6.1b | 7.2x | 12.8x | 0.8x |
| Sun, 03 Sep 2023 | HK$83.2b | HK$92.1b | HK$6.0b | 9.3x | 13.9x | 0.9x |
| Tue, 01 Aug 2023 | HK$88.1b | HK$82.6b | HK$6.0b | 8x | 14.7x | 1.1x |
| Thu, 29 Jun 2023 | HK$85.8b | HK$82.7b | HK$6.3b | 7.8x | 13.7x | 1x |
| Sat, 27 May 2023 | HK$85.2b | HK$84.1b | HK$6.4b | 8.3x | 13.3x | 1x |
| Mon, 24 Apr 2023 | HK$99.9b | HK$84.9b | HK$6.5b | 8.9x | 15.3x | 1.2x |
| Wed, 22 Mar 2023 | HK$89.4b | HK$83.7b | HK$6.4b | 11.2x | 14x | 1.1x |
| Fri, 17 Feb 2023 | HK$87.1b | HK$83.7b | HK$6.2b | 11.3x | 14.1x | 1x |
| Sun, 15 Jan 2023 | HK$83.8b | HK$84.6b | HK$6.3b | 9.9x | 13.4x | 1x |
| Tue, 13 Dec 2022 | HK$77.1b | HK$82.2b | HK$6.1b | 9.8x | 12.7x | 0.9x |
| Thu, 10 Nov 2022 | HK$72.2b | HK$80.3b | HK$6.0b | 9.3x | 12.1x | 0.9x |
| Sat, 08 Oct 2022 | HK$71.4b | HK$80.1b | HK$6.0b | 12.5x | 11.8x | 0.9x |
| Mon, 05 Sep 2022 | HK$78.3b | HK$81.8b | HK$6.2b | 12.7x | 12.7x | 1x |
| Wed, 03 Aug 2022 | HK$79.8b | HK$79.3b | HK$6.1b | 8.3x | 13.1x | 1x |
| Fri, 01 Jul 2022 | HK$68.7b | HK$71.4b | HK$5.8b | 8x | 11.8x | 1x |
| Sun, 29 May 2022 | HK$68.1b | HK$71.4b | HK$5.8b | 7.5x | 11.7x | 1x |
| Tue, 26 Apr 2022 | HK$67.1b | HK$72.5b | HK$5.9b | 7.6x | 11.4x | 0.9x |
| Thu, 24 Mar 2022 | HK$72.6b | HK$72.6b | HK$5.9b | 6.6x | 12.3x | 1x |
| Sat, 19 Feb 2022 | HK$79.5b | HK$76.4b | HK$6.0b | 6.4x | 13.2x | 1x |
| Mon, 17 Jan 2022 | HK$78.2b | HK$76.2b | HK$6.0b | 7x | 13x | 1x |
| Wed, 15 Dec 2021 | HK$76.7b | HK$76.2b | HK$6.0b | 7x | 12.8x | 1x |
| Fri, 12 Nov 2021 | HK$76.4b | HK$75.4b | HK$5.9b | 6.9x | 12.9x | 1x |
| Sun, 10 Oct 2021 | HK$84.3b | HK$77.1b | HK$6.3b | 7.2x | 13.4x | 1.1x |
| Tue, 07 Sep 2021 | HK$87.9b | HK$76.9b | HK$6.3b | 8.9x | 14.1x | 1.1x |
| Thu, 05 Aug 2021 | HK$81.3b | HK$76.9b | HK$6.3b | 9x | 13x | 1.1x |
| Sun, 09 May 2021 | HK$86.7b | HK$72.8b | HK$6.0b | 7.7x | 14.4x | 1.2x |
Price to Earnings Ratio
14.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Electronic Equipment and Instruments industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.0x which is higher than its 3-year average PE of 13.3x.
- The 3-year average PS ratio of 1.00x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Electronic Equipment and Instruments industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 8.1% 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 Electronic Equipment and Instruments compare with similar industries?
| HK Market | -0.66% | |
| Tech | -5.12% | |
| Electronic Equipment and Components | -4.82% | |
| Electronic Equipment and Instruments | 1.67% | |
| Technology Distributors | -1.72% | |
| Electronic Components | -8.54% | |
| Electronic Manufacturing Services | -8.57% | |
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 | |
|---|---|---|---|---|---|
| 3969 China Railway Signal & Communication | HK$3.20 | 3.2% +HK$1.1b | -8.0% | PE9x | |
| 3393 Wasion Holdings | HK$6.34 | 2.4% +HK$149.4m | 80.6% | PE11.2x | |
| 2481 Wise Living Technology | HK$2.76 | 8.7% +HK$66.4m | n/a | PE5.2x | |
| 1206 Technovator International | HK$0.28 | 1.8% +HK$3.9m | -50.9% | PS0.1x |
