China Railway Signal & Communication (HKG:3969) Has A Rock Solid Balance Sheet
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Hong Kong (HSI) Electronic Equipment and Components Industry Analysis
UpdatedAug 26, 2024
DataAggregated Company Financials
Companies77
- 7D1.5%
- 3M-9.0%
- 1Y12.0%
- YTD-2.0%
The Electronic Equipment and Components industry is up 1.5% in the last week, with AAC Technologies Holdings up 9.9%. Meanwhile, China Railway Signal & Communication actually underperformed within the industry, shrinking 8.3% in the last week. This means that the industry has gained 12% over the past year. 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 |
|---|---|---|---|---|---|---|
| Tue, 27 Aug 2024 | HK$312.6b | HK$547.4b | HK$8.2b | 8.5x | 38x | 0.6x |
| Thu, 25 Jul 2024 | HK$311.5b | HK$524.5b | HK$10.9b | 9.9x | 28.5x | 0.6x |
| Sat, 22 Jun 2024 | HK$330.8b | HK$526.0b | HK$11.0b | 11.5x | 30.2x | 0.6x |
| Mon, 20 May 2024 | HK$308.2b | HK$528.0b | HK$10.6b | 10.9x | 29x | 0.6x |
| Wed, 17 Apr 2024 | HK$280.8b | HK$529.4b | HK$11.1b | 9.2x | 25.4x | 0.5x |
| Fri, 15 Mar 2024 | HK$275.4b | HK$528.7b | HK$13.4b | 7.6x | 20.6x | 0.5x |
| Sun, 11 Feb 2024 | HK$252.7b | HK$541.9b | HK$13.3b | 6.6x | 19x | 0.5x |
| Tue, 09 Jan 2024 | HK$280.4b | HK$544.2b | HK$13.3b | 7.4x | 21x | 0.5x |
| Thu, 07 Dec 2023 | HK$271.9b | HK$541.4b | HK$13.6b | 7.7x | 20x | 0.5x |
| Sat, 04 Nov 2023 | HK$274.3b | HK$540.0b | HK$14.0b | 7x | 19.6x | 0.5x |
| Mon, 02 Oct 2023 | HK$259.7b | HK$541.0b | HK$13.9b | 7.4x | 18.7x | 0.5x |
| Wed, 30 Aug 2023 | HK$334.3b | HK$541.9b | HK$13.4b | 7.6x | 24.9x | 0.6x |
| Fri, 28 Jul 2023 | HK$295.3b | HK$584.9b | HK$19.6b | 7x | 15.1x | 0.5x |
| Sun, 25 Jun 2023 | HK$301.7b | HK$587.2b | HK$20.3b | 6.3x | 14.8x | 0.5x |
| Tue, 23 May 2023 | HK$302.2b | HK$600.0b | HK$20.1b | 6.4x | 15x | 0.5x |
| Thu, 20 Apr 2023 | HK$344.8b | HK$603.0b | HK$20.4b | 6.9x | 16.9x | 0.6x |
| Sat, 18 Mar 2023 | HK$353.5b | HK$628.9b | HK$30.1b | 6x | 11.7x | 0.6x |
| Mon, 13 Feb 2023 | HK$382.5b | HK$626.2b | HK$31.6b | 6.6x | 12.1x | 0.6x |
| Wed, 11 Jan 2023 | HK$348.5b | HK$625.5b | HK$31.6b | 6.4x | 11x | 0.6x |
| Fri, 09 Dec 2022 | HK$347.6b | HK$612.6b | HK$31.5b | 6.1x | 11x | 0.6x |
| Sun, 06 Nov 2022 | HK$299.1b | HK$610.1b | HK$31.3b | 5.6x | 9.5x | 0.5x |
| Tue, 04 Oct 2022 | HK$286.7b | HK$611.9b | HK$31.6b | 6.4x | 9.1x | 0.5x |
| Thu, 01 Sep 2022 | HK$351.8b | HK$615.0b | HK$32.3b | 6.7x | 10.9x | 0.6x |
| Sat, 30 Jul 2022 | HK$349.0b | HK$619.1b | HK$37.9b | 7.1x | 9.2x | 0.6x |
| Mon, 27 Jun 2022 | HK$369.5b | HK$611.4b | HK$37.6b | 7.1x | 9.8x | 0.6x |
| Wed, 25 May 2022 | HK$362.2b | HK$613.1b | HK$38.0b | 6.8x | 9.5x | 0.6x |
| Fri, 22 Apr 2022 | HK$367.3b | HK$616.8b | HK$38.6b | 7x | 9.5x | 0.6x |
| Sun, 20 Mar 2022 | HK$415.1b | HK$595.6b | HK$37.0b | 7x | 11.2x | 0.7x |
| Tue, 15 Feb 2022 | HK$502.4b | HK$601.8b | HK$34.7b | 7.3x | 14.5x | 0.8x |
| Thu, 13 Jan 2022 | HK$557.3b | HK$601.3b | HK$34.7b | 7.7x | 16.1x | 0.9x |
| Sat, 11 Dec 2021 | HK$573.6b | HK$601.1b | HK$34.6b | 7.8x | 16.6x | 1x |
| Mon, 08 Nov 2021 | HK$527.0b | HK$598.3b | HK$34.7b | 8.1x | 15.2x | 0.9x |
| Wed, 06 Oct 2021 | HK$517.2b | HK$599.6b | HK$34.9b | 8.4x | 14.8x | 0.9x |
| Fri, 03 Sep 2021 | HK$587.9b | HK$599.2b | HK$34.8b | 9.6x | 16.9x | 1x |
Price to Earnings Ratio
16.9x
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 38.0x which is higher than its 3-year average PE of 16.4x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 38% per year over the last three years,
- Revenues have also declined 3.0% 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 | 0.28% | |
| Tech | 1.14% | |
| Electronic Equipment and Components | 1.48% | |
| Electronic Manufacturing Services | 9.08% | |
| Electronic Components | 1.51% | |
| Electronic Equipment and Instruments | -1.82% | |
| Technology Distributors | -2.05% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 14.2x.
- Analysts are expecting annual earnings growth of 17.8%, which is higher than its past year's earnings growth of 13.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 37% per year.
- In contrast, the Electronic Equipment and Instruments industry is expected to see its earnings grow by 18% 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$32.20 | 9.9% +HK$3.5b | 111.8% | PE31.3x | |
| 2382 Sunny Optical Technology (Group) | HK$46.65 | 1.2% +HK$895.6m | -25.4% | PE26.8x | |
| 148 Kingboard Holdings | HK$16.30 | 3.4% +HK$598.5m | -7.1% | PE8.8x | |
| 1415 Cowell e Holdings | HK$22.95 | 1.8% +HK$343.4m | 57.8% | PE56.7x | |
| 327 PAX Global Technology | HK$4.53 | 7.3% +HK$329.1m | -22.2% | PE5x |