AAC Technologies Holdings Inc. (HKG:2018) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable
Jun 28
Hong Kong (HSI) Electronic Equipment and Components Industry Analysis
UpdatedJun 28, 2024
DataAggregated Company Financials
Companies76
- 7D-4.5%
- 3M18.5%
- 1Y-0.3%
- YTD7.6%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 4.5%, driven by Robosense Technology declining 20%. On the other hand China Railway Signal & Communication is actually up 7.0%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 23% 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, 29 Jun 2024 | HK$319.5b | HK$524.7b | HK$11.1b | 11.4x | 28.8x | 0.6x |
| Mon, 27 May 2024 | HK$302.0b | HK$527.9b | HK$10.6b | 10.9x | 28.4x | 0.6x |
| Wed, 24 Apr 2024 | HK$270.2b | HK$529.4b | HK$11.1b | 9x | 24.4x | 0.5x |
| Fri, 22 Mar 2024 | HK$280.0b | HK$528.7b | HK$12.6b | 7.8x | 22.3x | 0.5x |
| Sun, 18 Feb 2024 | HK$259.2b | HK$541.3b | HK$13.3b | 6.8x | 19.5x | 0.5x |
| Tue, 16 Jan 2024 | HK$261.8b | HK$544.3b | HK$13.3b | 7.3x | 19.6x | 0.5x |
| Thu, 14 Dec 2023 | HK$273.6b | HK$541.2b | HK$13.6b | 7.1x | 20.1x | 0.5x |
| Sat, 11 Nov 2023 | HK$273.3b | HK$540.0b | HK$14.0b | 6.8x | 19.6x | 0.5x |
| Mon, 09 Oct 2023 | HK$250.2b | HK$541.0b | HK$13.9b | 7.3x | 18x | 0.5x |
| Wed, 06 Sep 2023 | HK$296.8b | HK$539.5b | HK$13.7b | 7.8x | 21.6x | 0.6x |
| Fri, 04 Aug 2023 | HK$302.7b | HK$599.5b | HK$19.7b | 7x | 15.3x | 0.5x |
| Sun, 02 Jul 2023 | HK$310.2b | HK$584.3b | HK$19.8b | 7.1x | 15.7x | 0.5x |
| Tue, 30 May 2023 | HK$311.5b | HK$599.2b | HK$20.1b | 6.3x | 15.5x | 0.5x |
| Thu, 27 Apr 2023 | HK$329.7b | HK$602.4b | HK$20.3b | 6.7x | 16.2x | 0.5x |
| Sat, 25 Mar 2023 | HK$364.7b | HK$636.4b | HK$29.1b | 6.2x | 12.5x | 0.6x |
| Mon, 20 Feb 2023 | HK$368.7b | HK$624.9b | HK$31.5b | 6.2x | 11.7x | 0.6x |
| Wed, 18 Jan 2023 | HK$366.6b | HK$626.0b | HK$31.6b | 6.4x | 11.6x | 0.6x |
| Fri, 16 Dec 2022 | HK$335.9b | HK$612.4b | HK$31.5b | 6.6x | 10.7x | 0.5x |
| Sun, 13 Nov 2022 | HK$323.0b | HK$611.0b | HK$31.4b | 6.1x | 10.3x | 0.5x |
| Tue, 11 Oct 2022 | HK$284.3b | HK$611.9b | HK$31.5b | 6.4x | 9x | 0.5x |
| Thu, 08 Sep 2022 | HK$341.0b | HK$614.2b | HK$31.7b | 6.4x | 10.7x | 0.6x |
| Sat, 06 Aug 2022 | HK$362.8b | HK$619.1b | HK$37.9b | 7.4x | 9.6x | 0.6x |
| Mon, 04 Jul 2022 | HK$392.9b | HK$619.9b | HK$38.0b | 7.4x | 10.3x | 0.6x |
| Wed, 01 Jun 2022 | HK$390.7b | HK$613.0b | HK$37.8b | 7.1x | 10.3x | 0.6x |
| Fri, 29 Apr 2022 | HK$366.3b | HK$613.6b | HK$38.4b | 6.9x | 9.5x | 0.6x |
| Sun, 27 Mar 2022 | HK$396.6b | HK$608.2b | HK$39.0b | 7.2x | 10.2x | 0.7x |
| Tue, 22 Feb 2022 | HK$499.8b | HK$602.5b | HK$34.8b | 7.4x | 14.4x | 0.8x |
| Thu, 20 Jan 2022 | HK$544.7b | HK$601.7b | HK$34.7b | 7.6x | 15.7x | 0.9x |
| Sat, 18 Dec 2021 | HK$564.3b | HK$601.5b | HK$34.6b | 7.8x | 16.3x | 0.9x |
| Mon, 15 Nov 2021 | HK$545.0b | HK$598.6b | HK$34.5b | 8x | 15.8x | 0.9x |
| Wed, 13 Oct 2021 | HK$506.9b | HK$599.3b | HK$34.9b | 8.4x | 14.5x | 0.8x |
| Fri, 10 Sep 2021 | HK$587.0b | HK$598.7b | HK$34.9b | 10x | 16.8x | 1x |
| Sun, 08 Aug 2021 | HK$588.0b | HK$599.2b | HK$34.8b | 9.3x | 16.9x | 1x |
Price to Earnings Ratio
18.1x
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 28.8x which is higher than its 3-year average PE of 15.8x.
- The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 32% per year over the last three years,
- Revenues have also declined 4.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -3.32% | |
| Tech | -7.23% | |
| Electronic Equipment and Components | -4.46% | |
| Electronic Equipment and Instruments | 1.43% | |
| Technology Distributors | -3.76% | |
| Electronic Manufacturing Services | -4.89% | |
| Electronic Components | -7.46% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 15.7x.
- Analysts are expecting annual earnings growth of 29.6%, which is higher than its past year's earnings decline of 44.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 44% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 3969 China Railway Signal & Communication | HK$3.36 | 7.0% +HK$2.3b | 13.5% | PE9.7x | |
| 1415 Cowell e Holdings | HK$24.55 | 6.0% +HK$1.2b | 69.5% | PE57.9x | |
| 6088 FIT Hon Teng | HK$3.47 | 2.1% +HK$496.0m | 149.6% | PE24.4x | |
| 3393 Wasion Holdings | HK$6.84 | 3.5% +HK$229.1m | 114.4% | PE12.2x | |
| 1050 Karrie International Holdings | HK$0.80 | 14.3% +HK$202.1m | 8.1% | PE9.5x |
