ICO Group Limited's (HKG:1460) 28% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
Feb 06
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- 7D26.1%
- 3M4.6%
- 1Y-18.8%
- YTD43.4%
Over the last 7 days, the IT industry has risen 9.1%, driven by gains from Shenzhen Xunce Technology of 99%. During this same period, the Baiwang underperformed, falling 13%. In contrast, the industry has lost 20% in the last 12 months. Earnings are forecast to grow by 72% annually.
Industry Valuation and Performance
Has the Hong Kong IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 11 Mar 2026 | HK$129.5b | HK$66.0b | HK$1.8b | 17.8x | 72.8x | 2x |
| Fri, 06 Feb 2026 | HK$95.6b | HK$65.3b | HK$1.7b | 21.2x | 55.6x | 1.5x |
| Sun, 04 Jan 2026 | HK$90.1b | HK$64.8b | HK$1.7b | 20.6x | 52.6x | 1.4x |
| Tue, 02 Dec 2025 | HK$79.0b | HK$63.9b | HK$1.9b | 20.8x | 42.2x | 1.2x |
| Thu, 30 Oct 2025 | HK$84.1b | HK$63.6b | HK$1.9b | 24.9x | 44.7x | 1.3x |
| Sat, 27 Sep 2025 | HK$85.9b | HK$63.5b | HK$1.9b | 25.6x | 45.8x | 1.4x |
| Mon, 25 Aug 2025 | HK$88.1b | HK$61.0b | HK$855.7m | 27.3x | 102.9x | 1.4x |
| Wed, 23 Jul 2025 | HK$83.7b | HK$61.0b | HK$248.4m | 24.6x | 336.8x | 1.4x |
| Fri, 20 Jun 2025 | HK$81.8b | HK$61.4b | HK$344.4m | 14.3x | 237.6x | 1.3x |
| Sun, 18 May 2025 | HK$98.0b | HK$61.0b | HK$350.5m | 13.1x | 279.7x | 1.6x |
| Tue, 15 Apr 2025 | HK$84.0b | HK$59.9b | HK$357.7m | 12.9x | 234.7x | 1.4x |
| Thu, 13 Mar 2025 | HK$84.1b | HK$60.1b | -HK$976,343,899.95 | 18.1x | -86.1x | 1.4x |
| Sat, 08 Feb 2025 | HK$65.6b | HK$59.8b | -HK$1,021,494,370.29 | 14.8x | -64.2x | 1.1x |
| Mon, 06 Jan 2025 | HK$55.8b | HK$59.5b | -HK$1,011,953,410.53 | 14.1x | -55.2x | 0.9x |
| Wed, 04 Dec 2024 | HK$57.2b | HK$59.7b | -HK$1,020,696,426.52 | 15.7x | -56x | 1x |
| Fri, 01 Nov 2024 | HK$56.0b | HK$61.1b | -HK$769,656,868.85 | 17.4x | -72.7x | 0.9x |
| Sun, 29 Sep 2024 | HK$51.4b | HK$61.3b | -HK$835,539,509.97 | 15.3x | -61.5x | 0.8x |
| Tue, 27 Aug 2024 | HK$48.4b | HK$60.1b | -HK$1,449,967,191.50 | 14x | -33.4x | 0.8x |
| Thu, 25 Jul 2024 | HK$48.5b | HK$59.5b | -HK$1,270,297,105.11 | 12.8x | -38.2x | 0.8x |
| Sat, 22 Jun 2024 | HK$47.7b | HK$59.3b | -HK$1,276,024,544.28 | 13.7x | -37.4x | 0.8x |
| Mon, 20 May 2024 | HK$48.8b | HK$58.4b | -HK$1,332,514,370.12 | 14.3x | -36.6x | 0.8x |
| Wed, 17 Apr 2024 | HK$43.4b | HK$58.4b | -HK$1,328,905,568.35 | 12.8x | -32.6x | 0.7x |
| Fri, 15 Mar 2024 | HK$45.9b | HK$58.8b | HK$1.2b | 9.8x | 39.6x | 0.8x |
| Sun, 11 Feb 2024 | HK$43.2b | HK$58.8b | HK$1.2b | 10.3x | 36.2x | 0.7x |
| Tue, 09 Jan 2024 | HK$49.1b | HK$59.7b | HK$1.1b | 10.4x | 45.2x | 0.8x |
| Thu, 07 Dec 2023 | HK$54.8b | HK$60.3b | HK$1.1b | 11.7x | 49.4x | 0.9x |
| Sat, 04 Nov 2023 | HK$53.8b | HK$59.2b | HK$1.1b | 11.2x | 49.3x | 0.9x |
| Mon, 02 Oct 2023 | HK$55.9b | HK$59.0b | HK$997.5m | 11.9x | 56x | 0.9x |
| Wed, 30 Aug 2023 | HK$56.8b | HK$57.6b | HK$1.0b | 11.2x | 55.6x | 1x |
| Fri, 28 Jul 2023 | HK$54.3b | HK$58.2b | HK$2.0b | 12.1x | 26.6x | 0.9x |
| Sun, 25 Jun 2023 | HK$51.8b | HK$57.9b | HK$2.0b | 10x | 25.8x | 0.9x |
| Tue, 23 May 2023 | HK$51.3b | HK$58.9b | HK$2.0b | 10.1x | 25.2x | 0.9x |
| Thu, 20 Apr 2023 | HK$53.7b | HK$57.6b | HK$1.9b | 10.9x | 27.8x | 0.9x |
| Sat, 18 Mar 2023 | HK$119.1b | HK$74.8b | HK$4.9b | 11.5x | 24.1x | 1.6x |
Price to Earnings Ratio
24.1x
Current Industry PE
- Investors are optimistic on the Hong Kong IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 64.9x which is higher than its 3-year average PE of 42.3x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 29% 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 | 0.37% | |
| Tech | 5.38% | |
| IT | 26.14% | |
| IT Consulting | 35.60% | |
| Internet Services and Infrastructure | 2.70% | |
| Data Processing Services | -0.72% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 27.4x.
- Analysts are expecting annual earnings growth of 96.0%, which is higher than its past year's earnings decline of 11.4% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 96% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 3317 Shenzhen Xunce Technology | HK$153.90 | 98.7% +HK$24.7b | n/a | PS79.7x | |
| 2477 WellCell Holdings | HK$12.13 | 11.5% +HK$1.3b | 11.8% | PE621.8x | |
| 1686 SUNeVision Holdings | HK$6.54 | 2.8% +HK$734.8m | -23.1% | PE26x | |
| 354 Chinasoft International | HK$3.98 | 4.7% +HK$449.9m | -37.4% | PE16.1x | |
| 3680 Ruihe Data Technology Holdings | HK$2.30 | 21.7% +HK$368.7m | 152.7% | PE429.7x |