The Returns On Capital At Smart-Core Holdings (HKG:2166) Don't Inspire Confidence
Jul 16
Hong Kong (HSI) Technology Distributors Industry Analysis
UpdatedJul 24, 2024
DataAggregated Company Financials
Companies23
- 7D-2.0%
- 3M-6.4%
- 1Y-6.7%
- YTDn/a
Over the last 7 days, the Technology Distributors industry has dropped 3.0%, driven by pullbacks in VSTECS Holdings and MOG Digitech Holdings of 1.9% and 12%, respectively. Meanwhile, Edvance International Holdings actually outperformed within the industry, gaining 5.3% in the last week. However, the industry is down 6.8% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Technology Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jul 2024 | HK$15.7b | HK$170.0b | HK$2.0b | 6.9x | 8x | 0.09x |
| Fri, 21 Jun 2024 | HK$17.3b | HK$170.3b | HK$1.5b | 8.3x | 11.9x | 0.1x |
| Sun, 19 May 2024 | HK$18.0b | HK$170.3b | HK$1.5b | 8.5x | 12.3x | 0.1x |
| Tue, 16 Apr 2024 | HK$16.9b | HK$170.3b | HK$1.5b | 9.2x | 11.6x | 0.1x |
| Thu, 14 Mar 2024 | HK$16.4b | HK$167.1b | HK$1.3b | 6.6x | 12.6x | 0.1x |
| Sat, 10 Feb 2024 | HK$16.2b | HK$167.1b | HK$1.3b | 6.6x | 12.5x | 0.1x |
| Mon, 08 Jan 2024 | HK$16.8b | HK$167.2b | HK$1.3b | 6.8x | 12.9x | 0.1x |
| Wed, 06 Dec 2023 | HK$16.0b | HK$167.2b | HK$1.3b | 6.3x | 12.3x | 0.1x |
| Fri, 03 Nov 2023 | HK$16.6b | HK$167.2b | HK$1.4b | 6.4x | 12.1x | 0.1x |
| Sun, 01 Oct 2023 | HK$25.7b | HK$167.2b | HK$1.4b | 6.9x | 18.8x | 0.2x |
| Tue, 29 Aug 2023 | HK$78.9b | HK$168.8b | HK$1.4b | 6.5x | 54.4x | 0.5x |
| Thu, 27 Jul 2023 | HK$16.3b | HK$182.1b | HK$1.8b | 6.2x | 9.2x | 0.09x |
| Sat, 24 Jun 2023 | HK$17.2b | HK$182.6b | HK$1.9b | 5.2x | 8.9x | 0.09x |
| Mon, 22 May 2023 | HK$17.9b | HK$182.9b | HK$1.8b | 5.4x | 10.2x | 0.1x |
| Wed, 19 Apr 2023 | HK$18.5b | HK$183.6b | HK$1.8b | 5.9x | 10.3x | 0.1x |
| Fri, 17 Mar 2023 | HK$16.5b | HK$190.8b | HK$2.2b | 4.6x | 7.3x | 0.09x |
| Sun, 12 Feb 2023 | HK$17.4b | HK$190.8b | HK$2.2b | 5x | 7.7x | 0.09x |
| Tue, 10 Jan 2023 | HK$17.2b | HK$190.8b | HK$2.3b | 5.1x | 7.6x | 0.09x |
| Thu, 08 Dec 2022 | HK$16.3b | HK$190.7b | HK$2.3b | 4.5x | 7.3x | 0.09x |
| Sat, 05 Nov 2022 | HK$15.4b | HK$192.2b | HK$2.4b | 5x | 6.3x | 0.08x |
| Mon, 03 Oct 2022 | HK$16.4b | HK$192.2b | HK$2.4b | 5.4x | 6.8x | 0.09x |
| Wed, 31 Aug 2022 | HK$17.7b | HK$191.6b | HK$2.4b | 5.2x | 7.4x | 0.09x |
| Fri, 29 Jul 2022 | HK$18.9b | HK$195.1b | HK$2.6b | 4.9x | 7.2x | 0.1x |
| Sun, 26 Jun 2022 | HK$19.2b | HK$195.2b | HK$2.7b | 5.4x | 7.2x | 0.1x |
| Tue, 24 May 2022 | HK$20.2b | HK$196.2b | HK$2.9b | 4.8x | 7x | 0.1x |
| Thu, 21 Apr 2022 | HK$21.4b | HK$196.5b | HK$2.9b | 5.6x | 7.4x | 0.1x |
| Sat, 19 Mar 2022 | HK$23.6b | HK$183.9b | HK$2.6b | 6x | 9.2x | 0.1x |
| Mon, 14 Feb 2022 | HK$24.3b | HK$183.9b | HK$2.6b | 6.3x | 9.4x | 0.1x |
| Wed, 12 Jan 2022 | HK$24.5b | HK$183.8b | HK$2.6b | 6.3x | 9.5x | 0.1x |
| Fri, 10 Dec 2021 | HK$24.0b | HK$183.9b | HK$2.6b | 5.8x | 9.3x | 0.1x |
| Sun, 07 Nov 2021 | HK$24.2b | HK$183.0b | HK$2.6b | 7.7x | 9.1x | 0.1x |
| Tue, 05 Oct 2021 | HK$23.4b | HK$183.0b | HK$2.6b | 7.7x | 8.8x | 0.1x |
| Thu, 02 Sep 2021 | HK$24.4b | HK$183.5b | HK$2.6b | 7.5x | 9.4x | 0.1x |
| Sat, 31 Jul 2021 | HK$22.5b | HK$183.5b | HK$2.6b | 7x | 8.6x | 0.1x |
Price to Earnings Ratio
8.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Technology Distributors 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 8.0x which is lower than its 3-year average PE of 10.3x.
- The industry is trading close to its 3-year average PS ratio of 0.11x.
Past Earnings Growth
- The earnings for companies in the Technology Distributors industry have declined 8.9% per year over the last three years,
- Revenues have also declined 2.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Technology Distributors compare with similar industries?
| HK Market | -2.37% | |
| Tech | -3.16% | |
| Electronic Equipment and Components | -6.28% | |
| Technology Distributors | -2.02% | |
| Electronic Equipment and Instruments | -2.30% | |
| Electronic Manufacturing Services | -6.49% | |
| Electronic Components | -8.87% | |
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 | |
|---|---|---|---|---|---|
| 1184 S.A.S. Dragon Holdings | HK$3.84 | 2.1% +HK$50.1m | 23.1% | PE6x | |
| 3638 Huabang Technology Holdings | HK$0.55 | 3.8% +HK$18.9m | 35.8% | PE35.3x | |
| 529 SiS International Holdings | HK$1.80 | 2.9% +HK$13.9m | 1.1% | PE5.6x | |
| 110 China Fortune Holdings | HK$0.25 | 18.1% +HK$9.0m | 14.3% | PS0.7x | |
| 8379 Prime Intelligence Solutions Group | HK$0.12 | 9.5% +HK$8.0m | -12.2% | PS1.7x |
