Calculating The Intrinsic Value Of VSTECS Holdings Limited (HKG:856)
May 14
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Hong Kong (HSI) Electronic Equipment and Components Industry Analysis
UpdatedMay 15, 2025
DataAggregated Company Financials
Companies78
- 7D5.6%
- 3M-8.9%
- 1Y17.6%
- YTD3.2%
The Electronic Equipment and Components industry is up 3.9% in the last week, with AAC Technologies Holdings up 9.9%. This takes the industry's 12 month performance to a gain of 17%. Earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Thu, 15 May 2025 | HK$380.1b | HK$587.8b | HK$11.0b | 10.5x | 34.7x | 0.6x |
| Sat, 12 Apr 2025 | HK$348.2b | HK$584.1b | HK$10.8b | 9.6x | 32.1x | 0.6x |
| Mon, 10 Mar 2025 | HK$433.1b | HK$549.0b | HK$10.1b | 9.7x | 42.9x | 0.8x |
| Wed, 05 Feb 2025 | HK$394.1b | HK$549.7b | HK$9.2b | 8.6x | 43x | 0.7x |
| Fri, 03 Jan 2025 | HK$371.0b | HK$548.2b | HK$8.8b | 8.2x | 42x | 0.7x |
| Sun, 01 Dec 2024 | HK$360.0b | HK$548.8b | HK$8.9b | 8.4x | 40.6x | 0.7x |
| Tue, 29 Oct 2024 | HK$333.3b | HK$549.6b | HK$8.7b | 8.9x | 38.3x | 0.6x |
| Thu, 26 Sep 2024 | HK$302.3b | HK$552.5b | HK$8.8b | 8.2x | 34.2x | 0.5x |
| Sat, 24 Aug 2024 | HK$312.5b | HK$543.3b | HK$8.1b | 9.3x | 38.6x | 0.6x |
| Mon, 22 Jul 2024 | HK$320.6b | HK$524.7b | HK$11.0b | 10.1x | 29.3x | 0.6x |
| Wed, 19 Jun 2024 | HK$334.8b | HK$526.0b | HK$10.9b | 11.5x | 30.7x | 0.6x |
| Fri, 17 May 2024 | HK$308.2b | HK$528.2b | HK$10.6b | 10.6x | 29x | 0.6x |
| Sun, 14 Apr 2024 | HK$283.7b | HK$529.5b | HK$11.1b | 9.3x | 25.6x | 0.5x |
| Tue, 12 Mar 2024 | HK$276.9b | HK$528.8b | HK$12.9b | 7.1x | 21.4x | 0.5x |
| Thu, 08 Feb 2024 | HK$251.4b | HK$542.8b | HK$13.3b | 6.9x | 18.9x | 0.5x |
| Sat, 06 Jan 2024 | HK$286.1b | HK$544.9b | HK$13.4b | 7.6x | 21.4x | 0.5x |
| Mon, 04 Dec 2023 | HK$282.5b | HK$542.0b | HK$13.6b | 7.5x | 20.7x | 0.5x |
| Wed, 01 Nov 2023 | HK$266.4b | HK$539.9b | HK$14.0b | 6.9x | 19.1x | 0.5x |
| Fri, 29 Sep 2023 | HK$249.4b | HK$540.8b | HK$13.9b | 7.5x | 18x | 0.5x |
| Sun, 27 Aug 2023 | HK$325.0b | HK$560.4b | HK$16.3b | 8.4x | 20x | 0.6x |
| Tue, 25 Jul 2023 | HK$292.2b | HK$584.5b | HK$19.5b | 6.8x | 15x | 0.5x |
| Thu, 22 Jun 2023 | HK$308.1b | HK$587.2b | HK$20.3b | 6.5x | 15.1x | 0.5x |
| Sat, 20 May 2023 | HK$328.3b | HK$600.1b | HK$20.2b | 6.5x | 16.3x | 0.5x |
| Mon, 17 Apr 2023 | HK$353.3b | HK$603.6b | HK$20.4b | 6.8x | 17.3x | 0.6x |
| Wed, 15 Mar 2023 | HK$348.0b | HK$629.8b | HK$30.4b | 6x | 11.4x | 0.6x |
| Fri, 10 Feb 2023 | HK$389.5b | HK$626.7b | HK$31.6b | 6.8x | 12.3x | 0.6x |
| Sun, 08 Jan 2023 | HK$337.2b | HK$624.3b | HK$31.5b | 6.3x | 10.7x | 0.5x |
| Tue, 06 Dec 2022 | HK$351.0b | HK$611.7b | HK$31.4b | 6.3x | 11.2x | 0.6x |
| Thu, 03 Nov 2022 | HK$295.0b | HK$610.5b | HK$31.4b | 5.5x | 9.4x | 0.5x |
| Sat, 01 Oct 2022 | HK$288.0b | HK$611.7b | HK$31.5b | 6.4x | 9.1x | 0.5x |
| Mon, 29 Aug 2022 | HK$354.7b | HK$614.8b | HK$36.5b | 6.9x | 9.7x | 0.6x |
| Wed, 27 Jul 2022 | HK$355.4b | HK$619.1b | HK$37.9b | 7.1x | 9.4x | 0.6x |
| Fri, 24 Jun 2022 | HK$356.3b | HK$611.2b | HK$37.6b | 7x | 9.5x | 0.6x |
| Sun, 22 May 2022 | HK$376.1b | HK$612.3b | HK$37.9b | 6.9x | 9.9x | 0.6x |
Price to Earnings Ratio
9.9x
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 34.5x which is higher than its 3-year average PE of 22.5x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 34% 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 | 3.79% | |
| Tech | 0.26% | |
| Electronic Equipment and Components | 5.65% | |
| Electronic Manufacturing Services | 9.05% | |
| Electronic Components | 6.43% | |
| Technology Distributors | 5.00% | |
| Electronic Equipment and Instruments | 2.66% | |
Industry PE
- Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 16.6%, which is lower than the prior year's growth of 42.7% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 10.3x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 5.8% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 2018 AAC Technologies Holdings | HK$40.45 | 9.9% +HK$4.3b | 51.8% | PE24.4x | |
| 2382 Sunny Optical Technology (Group) | HK$68.45 | 4.3% +HK$3.0b | 59.9% | PE25.4x | |
| 1888 Kingboard Laminates Holdings | HK$9.21 | 10.4% +HK$2.7b | 13.7% | PE21.7x | |
| 1415 Cowell e Holdings | HK$24.05 | 9.3% +HK$1.8b | 26.2% | PE22.3x | |
| 148 Kingboard Holdings | HK$22.85 | 6.3% +HK$1.5b | 16.0% | PE15.5x |
