Is China Information Technology Development (HKG:8178) Using Too Much Debt?
Nov 25
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Systems Software Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies7
- 7D-2.0%
- 3M17.2%
- 1Y16.7%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 6.2%, driven by a pullback from Ming Yuan Cloud Group Holdings of 10.0%. Meanwhile, China Information Technology Development actually outperformed within the industry, gaining 5.3% in the last week. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 73% per annum.
Industry Valuation and Performance
Has the Hong Kong Systems Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | HK$7.8b | HK$3.0b | -HK$1,668,091,539.39 | 35.8x | -4.7x | 2.6x |
| Mon, 18 Nov 2024 | HK$8.1b | HK$3.2b | -HK$1,668,440,466.70 | 17.2x | -4.8x | 2.6x |
| Wed, 16 Oct 2024 | HK$8.3b | HK$3.2b | -HK$1,690,977,415.14 | 19.9x | -4.9x | 2.6x |
| Fri, 13 Sep 2024 | HK$5.7b | HK$3.2b | -HK$1,691,344,153.35 | 10.9x | -3.4x | 1.8x |
| Sun, 11 Aug 2024 | HK$6.3b | HK$3.2b | -HK$1,528,875,304.34 | 10.9x | -4.1x | 2x |
| Tue, 09 Jul 2024 | HK$8.0b | HK$3.2b | -HK$1,509,701,456.25 | 10.9x | -5.3x | 2.5x |
| Thu, 06 Jun 2024 | HK$9.3b | HK$3.2b | -HK$1,495,552,261.32 | 8.5x | -6.2x | 2.9x |
| Sat, 04 May 2024 | HK$6.2b | HK$2.7b | -HK$631,726,087.78 | 8.3x | -9.8x | 2.3x |
| Mon, 01 Apr 2024 | HK$5.3b | HK$2.7b | -HK$633,960,867.96 | 8.4x | -8.4x | 2x |
| Wed, 28 Feb 2024 | HK$5.0b | HK$2.8b | -HK$1,040,374,563.97 | 6.3x | -4.8x | 1.8x |
| Fri, 26 Jan 2024 | HK$4.8b | HK$2.8b | -HK$1,043,326,423.00 | 5.3x | -4.6x | 1.7x |
| Sun, 24 Dec 2023 | HK$5.6b | HK$2.8b | -HK$1,047,741,488.00 | 7.3x | -5.4x | 2x |
| Tue, 21 Nov 2023 | HK$6.6b | HK$2.7b | -HK$1,032,636,799.00 | 7.4x | -6.4x | 2.5x |
| Thu, 19 Oct 2023 | HK$6.4b | HK$2.6b | -HK$1,013,065,662.00 | 6.7x | -6.3x | 2.4x |
| Sat, 16 Sep 2023 | HK$7.9b | HK$2.6b | -HK$1,022,418,756.00 | 9.6x | -7.7x | 3x |
| Mon, 14 Aug 2023 | HK$8.3b | HK$2.8b | -HK$1,303,514,374.00 | 10.2x | -6.3x | 3x |
| Wed, 12 Jul 2023 | HK$6.9b | HK$2.8b | -HK$1,326,045,998.00 | 10.3x | -5.2x | 2.4x |
| Fri, 09 Jun 2023 | HK$7.9b | HK$2.8b | -HK$1,349,415,393.00 | 10.4x | -5.9x | 2.9x |
| Sun, 07 May 2023 | HK$8.0b | HK$2.8b | -HK$1,393,699,518.00 | 9.8x | -5.7x | 2.8x |
| Tue, 04 Apr 2023 | HK$10.1b | HK$2.9b | -HK$1,401,311,579.00 | 9x | -7.2x | 3.5x |
| Thu, 02 Mar 2023 | HK$11.7b | HK$3.2b | -HK$1,333,488,817.00 | 11x | -8.8x | 3.6x |
| Sat, 28 Jan 2023 | HK$15.9b | HK$3.2b | -HK$1,344,501,660.00 | 12.5x | -11.8x | 4.9x |
| Mon, 26 Dec 2022 | HK$14.0b | HK$3.1b | -HK$1,304,667,085.00 | 15.8x | -10.8x | 4.5x |
| Wed, 23 Nov 2022 | HK$10.4b | HK$3.1b | -HK$1,276,617,733.00 | 16.1x | -8.1x | 3.4x |
| Fri, 21 Oct 2022 | HK$8.5b | HK$3.0b | -HK$1,286,015,227.00 | 17x | -6.6x | 2.8x |
| Sun, 18 Sep 2022 | HK$11.9b | HK$3.1b | -HK$1,327,892,074.00 | 35.8x | -9x | 3.8x |
| Tue, 16 Aug 2022 | HK$12.1b | HK$3.3b | -HK$524,441,798.00 | 30.9x | -23x | 3.6x |
| Thu, 14 Jul 2022 | HK$16.7b | HK$3.4b | -HK$509,050,296.00 | 32.8x | -32.7x | 5x |
| Sat, 11 Jun 2022 | HK$22.0b | HK$3.3b | -HK$506,751,865.00 | 39.5x | -43.5x | 6.6x |
| Mon, 09 May 2022 | HK$18.9b | HK$3.3b | -HK$509,351,813.00 | 30.6x | -37.1x | 5.6x |
| Wed, 06 Apr 2022 | HK$23.1b | HK$3.5b | -HK$527,753,325.00 | 22.1x | -43.8x | 6.6x |
| Fri, 04 Mar 2022 | HK$27.0b | HK$3.3b | -HK$774,109,427.00 | 25.5x | -34.9x | 8.2x |
| Sun, 30 Jan 2022 | HK$41.5b | HK$4.1b | -HK$1,450,741,808.00 | 11.2x | -28.6x | 10x |
| Tue, 28 Dec 2021 | HK$35.0b | HK$3.3b | -HK$763,876,168.00 | 12x | -45.8x | 10.7x |
Price to Earnings Ratio
-45.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Systems Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have deteriorated over the last three years.
- Revenues have also declined 2.2% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Comparison
How does Hong Kong Systems Software compare with similar industries?
| HK Market | -0.53% | |
| Tech | 0.97% | |
| Software | -3.07% | |
| Systems Software | -1.95% | |
| Application Software | -3.11% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8178 China Information Technology Development | HK$3.56 | 4.7% +HK$11.7m | 82.6% | PS9x | |
| 1933 OneForce Holdings | HK$0.16 | 4.0% +HK$3.0m | -1.9% | PS0.2x |