Future Data Group Limited's (HKG:8229) Shares Climb 30% But Its Business Is Yet to Catch Up
Jan 26
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- 7D24.0%
- 3M5.5%
- 1Y-18.0%
- YTD39.2%
The IT industry is up 26% in the last week, with Shenzhen Xunce Technology up 91%. Meanwhile, Baiwang actually underperformed within the industry, shrinking 16% in the last week. In the past year, the industry is down 19%. Earnings are forecast to grow by 77% 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 |
|---|---|---|---|---|---|---|
| Thu, 12 Mar 2026 | HK$125.6b | HK$66.0b | HK$1.8b | 18.3x | 70.6x | 1.9x |
| Sat, 07 Feb 2026 | HK$94.2b | HK$65.4b | HK$1.7b | 21.3x | 54.7x | 1.4x |
| Mon, 05 Jan 2026 | HK$90.1b | HK$64.8b | HK$1.7b | 20.6x | 52.6x | 1.4x |
| Wed, 03 Dec 2025 | HK$79.3b | HK$63.9b | HK$1.9b | 20.9x | 42.4x | 1.2x |
| Fri, 31 Oct 2025 | HK$84.2b | HK$63.5b | HK$1.9b | 24.4x | 44.8x | 1.3x |
| Sun, 28 Sep 2025 | HK$85.9b | HK$63.4b | HK$1.9b | 25.6x | 45.7x | 1.4x |
| Tue, 26 Aug 2025 | HK$89.3b | HK$61.0b | HK$855.8m | 27.3x | 104.4x | 1.5x |
| Thu, 24 Jul 2025 | HK$85.0b | HK$61.1b | HK$244.9m | 24.4x | 347.2x | 1.4x |
| Sat, 21 Jun 2025 | HK$82.3b | HK$61.4b | HK$343.7m | 14.4x | 239.5x | 1.3x |
| Mon, 19 May 2025 | HK$98.0b | HK$61.0b | HK$350.5m | 13.1x | 279.7x | 1.6x |
| Wed, 16 Apr 2025 | HK$84.8b | HK$59.9b | HK$357.7m | 12.6x | 237.1x | 1.4x |
| Fri, 14 Mar 2025 | HK$81.9b | HK$60.1b | -HK$975,663,898.40 | 17.8x | -84x | 1.4x |
| Sun, 09 Feb 2025 | HK$65.6b | HK$59.8b | -HK$1,021,702,213.68 | 14.8x | -64.2x | 1.1x |
| Tue, 07 Jan 2025 | HK$55.3b | HK$59.4b | -HK$1,010,443,163.85 | 14.2x | -54.7x | 0.9x |
| Thu, 05 Dec 2024 | HK$56.9b | HK$59.9b | -HK$1,024,915,811.01 | 15.2x | -55.5x | 1x |
| Sat, 02 Nov 2024 | HK$54.6b | HK$61.1b | -HK$770,211,650.06 | 17.6x | -70.9x | 0.9x |
| Mon, 30 Sep 2024 | HK$51.4b | HK$61.3b | -HK$835,539,509.97 | 15.3x | -61.5x | 0.8x |
| Wed, 28 Aug 2024 | HK$48.2b | HK$60.1b | -HK$1,450,569,144.38 | 14.1x | -33.2x | 0.8x |
| Fri, 26 Jul 2024 | HK$48.6b | HK$59.8b | -HK$1,284,593,245.67 | 12.3x | -37.9x | 0.8x |
| Sun, 23 Jun 2024 | HK$47.7b | HK$59.3b | -HK$1,290,297,360.86 | 13.5x | -36.9x | 0.8x |
| Tue, 21 May 2024 | HK$49.1b | HK$58.3b | -HK$1,328,595,688.52 | 14.4x | -37x | 0.8x |
| Thu, 18 Apr 2024 | HK$42.9b | HK$58.4b | -HK$1,328,363,030.53 | 12.9x | -32.3x | 0.7x |
| Sat, 16 Mar 2024 | HK$45.4b | HK$58.8b | HK$1.2b | 9.8x | 39.2x | 0.8x |
| Mon, 12 Feb 2024 | HK$43.2b | HK$58.8b | HK$1.2b | 10.3x | 36.2x | 0.7x |
| Wed, 10 Jan 2024 | HK$48.8b | HK$59.9b | HK$1.1b | 10.4x | 44.9x | 0.8x |
| Fri, 08 Dec 2023 | HK$54.3b | HK$60.4b | HK$1.1b | 11.6x | 49x | 0.9x |
| Sun, 05 Nov 2023 | HK$53.9b | HK$59.2b | HK$1.1b | 11.2x | 49.4x | 0.9x |
| Tue, 03 Oct 2023 | HK$55.9b | HK$59.0b | HK$997.6m | 11.9x | 56x | 0.9x |
| Thu, 31 Aug 2023 | HK$54.7b | HK$57.8b | HK$1.0b | 11.5x | 53.7x | 0.9x |
| Sat, 29 Jul 2023 | HK$56.5b | HK$58.1b | HK$2.0b | 12.1x | 27.7x | 1x |
| Mon, 26 Jun 2023 | HK$51.8b | HK$57.9b | HK$2.0b | 10x | 25.8x | 0.9x |
| Wed, 24 May 2023 | HK$51.7b | HK$58.8b | HK$2.0b | 9.9x | 25.4x | 0.9x |
| Fri, 21 Apr 2023 | HK$53.5b | HK$57.7b | HK$1.9b | 10.7x | 27.7x | 0.9x |
| Sun, 19 Mar 2023 | HK$54.4b | HK$60.8b | HK$3.0b | 10.9x | 18.3x | 0.9x |
Price to Earnings Ratio
18.3x
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 72.8x which is higher than its 3-year average PE of 42.4x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 2.0x.
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 4.1% 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 | 2.23% | |
| Tech | 5.35% | |
| IT | 23.95% | |
| IT Consulting | 32.74% | |
| Internet Services and Infrastructure | 2.32% | |
| Data Processing Services | -3.85% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 27.5x.
- Analysts are expecting annual earnings growth of 99.6%, 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 100% 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$141.80 | 100.7% +HK$23.0b | n/a | PS73.5x | |
| 2477 WellCell Holdings | HK$12.96 | 15.7% +HK$1.8b | 14.4% | PE665x | |
| 3680 Ruihe Data Technology Holdings | HK$2.30 | 21.7% +HK$368.7m | 155.6% | PE430.1x | |
| 2436 LX Technology Group | HK$12.40 | 8.8% +HK$353.3m | 434.5% | PS1.5x | |
| 8198 Crypto Flow Technology | HK$2.11 | 7.7% +HK$107.6m | 91.8% | PS28.2x |
