ICO Group Limited's (HKG:1460) 28% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
Feb 06
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- 7D24.2%
- 3M4.4%
- 1Y-16.2%
- YTD39.1%
In the last week, the IT industry is up 24%, with Shenzhen Xunce Technology up 101%. During this same period, the Baiwang underperformed, falling 16%. In contrast, the industry has lost 18% in the last 12 months. As for the next few years, earnings are expected to grow by 75% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 13 Mar 2026 | HK$125.6b | HK$66.0b | HK$1.8b | 17.1x | 70.6x | 1.9x |
| Sun, 08 Feb 2026 | HK$94.2b | HK$65.4b | HK$1.7b | 21.3x | 54.8x | 1.4x |
| Tue, 06 Jan 2026 | HK$88.9b | HK$64.8b | HK$1.7b | 20.6x | 52x | 1.4x |
| Thu, 04 Dec 2025 | HK$78.6b | HK$63.9b | HK$1.9b | 20.6x | 42x | 1.2x |
| Sat, 01 Nov 2025 | HK$83.8b | HK$63.5b | HK$1.9b | 24.5x | 44.5x | 1.3x |
| Mon, 29 Sep 2025 | HK$85.9b | HK$63.4b | HK$1.9b | 25.6x | 45.7x | 1.4x |
| Wed, 27 Aug 2025 | HK$89.2b | HK$61.6b | HK$910.5m | 27.2x | 98x | 1.4x |
| Fri, 25 Jul 2025 | HK$85.7b | HK$61.1b | HK$244.5m | 25.3x | 350.6x | 1.4x |
| Sun, 22 Jun 2025 | HK$82.3b | HK$61.4b | HK$343.7m | 14.4x | 239.5x | 1.3x |
| Tue, 20 May 2025 | HK$97.0b | HK$61.0b | HK$349.5m | 13.1x | 277.6x | 1.6x |
| Thu, 17 Apr 2025 | HK$82.2b | HK$60.0b | HK$356.0m | 12.5x | 230.8x | 1.4x |
| Sat, 15 Mar 2025 | HK$82.5b | HK$60.2b | -HK$979,015,401.84 | 17.6x | -84.2x | 1.4x |
| Mon, 10 Feb 2025 | HK$65.6b | HK$59.8b | -HK$1,021,702,213.68 | 14.8x | -64.2x | 1.1x |
| Wed, 08 Jan 2025 | HK$58.3b | HK$59.4b | -HK$1,010,153,633.22 | 14.2x | -57.7x | 1x |
| Fri, 06 Dec 2024 | HK$57.3b | HK$59.9b | -HK$1,025,169,342.63 | 15.2x | -55.9x | 1x |
| Sun, 03 Nov 2024 | HK$54.6b | HK$61.1b | -HK$770,268,536.17 | 17.6x | -70.9x | 0.9x |
| Tue, 01 Oct 2024 | HK$52.8b | HK$61.2b | -HK$834,269,654.64 | 15.6x | -63.3x | 0.9x |
| Thu, 29 Aug 2024 | HK$47.0b | HK$60.1b | -HK$1,519,073,473.15 | 13.4x | -30.9x | 0.8x |
| Sat, 27 Jul 2024 | HK$48.4b | HK$59.7b | -HK$1,277,553,923.67 | 12.2x | -37.9x | 0.8x |
| Mon, 24 Jun 2024 | HK$47.7b | HK$59.3b | -HK$1,290,297,360.86 | 13.5x | -36.9x | 0.8x |
| Wed, 22 May 2024 | HK$48.0b | HK$58.3b | -HK$1,328,420,681.95 | 14.1x | -36.1x | 0.8x |
| Fri, 19 Apr 2024 | HK$43.1b | HK$58.4b | -HK$1,328,428,612.68 | 12.9x | -32.4x | 0.7x |
| Sun, 17 Mar 2024 | HK$45.4b | HK$58.8b | HK$1.2b | 9.8x | 39.2x | 0.8x |
| Tue, 13 Feb 2024 | HK$43.2b | HK$58.6b | HK$1.2b | 10.4x | 36.2x | 0.7x |
| Thu, 11 Jan 2024 | HK$48.3b | HK$59.7b | HK$1.1b | 10.5x | 44.5x | 0.8x |
| Sat, 09 Dec 2023 | HK$54.0b | HK$60.3b | HK$1.1b | 12x | 48.8x | 0.9x |
| Mon, 06 Nov 2023 | HK$53.9b | HK$59.2b | HK$1.1b | 11.2x | 49.4x | 0.9x |
| Wed, 04 Oct 2023 | HK$55.9b | HK$59.0b | HK$997.6m | 11.6x | 56x | 0.9x |
| Fri, 01 Sep 2023 | HK$56.4b | HK$57.1b | HK$857.6m | 11.6x | 65.8x | 1x |
| Sun, 30 Jul 2023 | HK$56.5b | HK$58.1b | HK$2.0b | 12.1x | 27.6x | 1x |
| Tue, 27 Jun 2023 | HK$51.2b | HK$57.6b | HK$2.0b | 10.2x | 25.7x | 0.9x |
| Thu, 25 May 2023 | HK$50.8b | HK$58.8b | HK$2.0b | 9.9x | 25x | 0.9x |
| Sat, 22 Apr 2023 | HK$52.8b | HK$57.7b | HK$1.9b | 11.2x | 27.4x | 0.9x |
| Mon, 20 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 70.6x 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 1.9x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.8% per year.
- This means that although more sales are being generated, 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 | 1.72% | |
| Tech | 3.56% | |
| IT | 24.25% | |
| IT Consulting | 34.92% | |
| Internet Services and Infrastructure | -1.49% | |
| Data Processing Services | -5.70% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 27.6x.
- Analysts are expecting annual earnings growth of 98.7%, 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 99% 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 | PS73.4x | |
| 2477 WellCell Holdings | HK$12.96 | 15.7% +HK$1.8b | 14.4% | PE663.9x | |
| 3680 Ruihe Data Technology Holdings | HK$2.30 | 21.7% +HK$368.7m | 155.6% | PE429.4x | |
| 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 |