Analysis Article • Aug 28
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- 7D-10.1%
- 3M-57.7%
- 1Y-46.2%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 10%, driven by Z.AI declining 3.5%. However, the industry is down 46% over the past year. Looking forward, earnings are forecast to grow by 58% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | HK$162.7b | HK$8.9b | -HK$15,674,523,728.88 | 8x | -10.4x | 18.4x |
| Tue, 28 Jul 2026 | HK$44.4b | HK$7.4b | -HK$1,570,456,515.67 | 5.2x | -28.3x | 6x |
| Thu, 25 Jun 2026 | HK$80.1b | HK$7.7b | -HK$1,306,229,396.37 | 7.1x | -61.3x | 10.5x |
| Sat, 23 May 2026 | HK$56.6b | HK$7.0b | -HK$1,317,985,368.62 | 5x | -43x | 8.1x |
| Mon, 20 Apr 2026 | HK$60.6b | HK$7.0b | -HK$1,313,462,390.41 | 5.3x | -46.1x | 8.7x |
| Wed, 18 Mar 2026 | HK$35.3b | HK$2.7b | -HK$398,056,142.88 | 7.4x | -88.6x | 13.2x |
| Fri, 13 Feb 2026 | HK$3.0b | HK$2.6b | -HK$317,090,908.80 | 5.7x | -9.5x | 1.2x |
| Sun, 11 Jan 2026 | HK$2.0b | HK$2.0b | -HK$221,157,206.27 | 5.9x | -9.1x | 1x |
| Tue, 09 Dec 2025 | HK$1.9b | HK$2.0b | -HK$218,846,129.19 | 5.9x | -8.9x | 1x |
| Thu, 06 Nov 2025 | HK$2.1b | HK$2.1b | -HK$154,920,749.49 | 5.8x | -13.3x | 1x |
| Sat, 04 Oct 2025 | HK$2.5b | HK$2.1b | -HK$155,087,193.87 | 6.1x | -16x | 1.2x |
| Mon, 01 Sep 2025 | HK$2.4b | HK$2.0b | -HK$170,498,044.58 | 8.8x | -13.9x | 1.2x |
| Wed, 30 Jul 2025 | HK$2.1b | HK$1.6b | -HK$774,604,523.28 | 12.8x | -2.7x | 1.3x |
| Fri, 27 Jun 2025 | HK$7.0b | HK$3.2b | -HK$950,778,115.08 | 10.8x | -7.4x | 2.2x |
| Sun, 25 May 2025 | HK$6.8b | HK$3.2b | -HK$947,285,619.33 | 12.1x | -7.1x | 2.1x |
| Tue, 22 Apr 2025 | HK$6.9b | HK$3.1b | -HK$925,058,339.12 | 11.7x | -7.5x | 2.2x |
| Thu, 20 Mar 2025 | HK$8.5b | HK$3.1b | -HK$1,677,130,149.11 | 25.8x | -5.1x | 2.8x |
| Sat, 15 Feb 2025 | HK$9.0b | HK$3.1b | -HK$1,678,469,852.41 | 25.3x | -5.4x | 2.9x |
| Mon, 13 Jan 2025 | HK$6.7b | HK$3.0b | -HK$1,663,803,659.95 | 29.2x | -4x | 2.2x |
| Wed, 11 Dec 2024 | HK$8.2b | HK$3.1b | -HK$1,679,065,773.01 | 34.5x | -4.9x | 2.7x |
| Fri, 08 Nov 2024 | HK$9.1b | HK$3.2b | -HK$1,681,501,530.66 | 18.3x | -5.4x | 2.9x |
| Sun, 06 Oct 2024 | HK$12.6b | HK$3.2b | -HK$1,704,530,016.26 | 21.3x | -7.4x | 3.9x |
| Tue, 03 Sep 2024 | HK$6.4b | HK$3.2b | -HK$1,692,110,570.37 | 10.9x | -3.8x | 2x |
| Thu, 01 Aug 2024 | HK$7.0b | HK$3.2b | -HK$1,519,941,909.02 | 11x | -4.6x | 2.2x |
| Sat, 29 Jun 2024 | HK$8.4b | HK$3.2b | -HK$1,510,875,336.63 | 9.6x | -5.6x | 2.6x |
| Mon, 27 May 2024 | HK$11.1b | HK$3.2b | -HK$1,496,941,774.34 | 8.3x | -7.4x | 3.4x |
| Wed, 24 Apr 2024 | HK$4.7b | HK$2.7b | -HK$632,593,979.08 | 8.3x | -7.5x | 1.7x |
| Fri, 22 Mar 2024 | HK$5.7b | HK$2.7b | -HK$679,503,781.26 | 5.8x | -8.5x | 2.1x |
| Sun, 18 Feb 2024 | HK$4.8b | HK$2.8b | -HK$1,040,765,844.76 | 5.4x | -4.6x | 1.8x |
| Tue, 16 Jan 2024 | HK$5.2b | HK$2.8b | -HK$1,043,408,362.00 | 6.7x | -5x | 1.9x |
| Thu, 14 Dec 2023 | HK$5.7b | HK$2.8b | -HK$1,041,665,879.00 | 7.7x | -5.5x | 2.1x |
| Sat, 11 Nov 2023 | HK$6.9b | HK$2.6b | -HK$1,014,396,711.00 | 7.6x | -6.8x | 2.6x |
| Mon, 09 Oct 2023 | HK$6.7b | HK$2.7b | -HK$1,015,468,947.00 | 6.3x | -6.6x | 2.5x |
| Wed, 06 Sep 2023 | HK$8.6b | HK$2.6b | -HK$1,020,532,355.00 | 9.6x | -8.4x | 3.2x |
Price to Earnings Ratio
-8.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Systems Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 18.1x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 50% 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 caused losses to expand.
Industry Comparison
How does Hong Kong Systems Software compare with similar industries?
| HK Market | -0.088% | |
| Tech | 0.74% | |
| Software | -4.09% | |
| Systems Software | -10.06% | |
| Application Software | -0.72% | |
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 | |
|---|---|---|---|---|---|
| 1956 Beijing Zhongke WengeAI Science and Technology | HK$87.75 | 0.2% +HK$34.6m | n/a | PS28.3x | |
| 1059 Kantone Holdings | HK$0.46 | 10.8% +HK$16.9m | 46.0% | PE8.8x | |
| 8178 China Information Technology Development | HK$0.20 | 24.1% +HK$6.5m | -92.2% | PS1.1x |