Xiaomi's (HKG:1810) Earnings Are Weaker Than They Seem
Mar 31
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- 7D-2.6%
- 3M-17.1%
- 1Y-29.5%
- YTD-19.1%
Over the last 7 days, the Tech Hardware industry has risen 1.3%, driven by gains from Phoenitron Holdings of 28%. However, the industry is down 32% over the past year. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Hong Kong Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 01 Apr 2026 | HK$962.4b | HK$1.8t | HK$59.5b | 17.4x | 16.2x | 0.5x |
| Fri, 27 Feb 2026 | HK$1.1t | HK$1.8t | HK$62.5b | 18.1x | 17x | 0.6x |
| Sun, 25 Jan 2026 | HK$1.1t | HK$1.7t | HK$62.5b | 19x | 17.2x | 0.6x |
| Tue, 23 Dec 2025 | HK$1.2t | HK$1.7t | HK$62.2b | 17.6x | 18.9x | 0.7x |
| Thu, 20 Nov 2025 | HK$1.2t | HK$1.7t | HK$61.3b | 15x | 19.4x | 0.7x |
| Sat, 18 Oct 2025 | HK$1.4t | HK$1.7t | HK$53.4b | 16.2x | 26.2x | 0.8x |
| Mon, 15 Sep 2025 | HK$1.6t | HK$1.7t | HK$54.2b | 19.3x | 29.9x | 1x |
| Wed, 13 Aug 2025 | HK$1.5t | HK$1.6t | HK$44.2b | 29.7x | 34.4x | 1x |
| Fri, 11 Jul 2025 | HK$1.6t | HK$1.6t | HK$44.3b | 30.3x | 36.8x | 1x |
| Sun, 08 Jun 2025 | HK$1.5t | HK$1.6t | HK$44.4b | 41.6x | 34.3x | 1x |
| Tue, 06 May 2025 | HK$1.5t | HK$1.5t | HK$37.5b | 51.4x | 40.5x | 1x |
| Thu, 03 Apr 2025 | HK$1.3t | HK$1.5t | HK$37.7b | 40.2x | 34x | 0.9x |
| Sat, 01 Mar 2025 | HK$1.5t | HK$1.4t | HK$28.2b | 13.6x | 52.4x | 1.1x |
| Mon, 27 Jan 2025 | HK$1.1t | HK$1.4t | HK$25.6b | 12.6x | 41.7x | 0.8x |
| Wed, 25 Dec 2024 | HK$934.5b | HK$1.4t | HK$25.4b | 13.5x | 36.8x | 0.7x |
| Fri, 22 Nov 2024 | HK$840.1b | HK$1.4t | HK$25.6b | 14.3x | 32.9x | 0.6x |
| Sun, 20 Oct 2024 | HK$785.7b | HK$1.3t | HK$24.5b | 17.2x | 32.1x | 0.6x |
| Tue, 17 Sep 2024 | HK$618.4b | HK$1.3t | HK$24.5b | 18.5x | 25.3x | 0.5x |
| Thu, 15 Aug 2024 | HK$567.1b | HK$1.3t | HK$22.6b | 23.6x | 25.1x | 0.5x |
| Sat, 13 Jul 2024 | HK$582.7b | HK$1.2t | HK$22.4b | 24.7x | 26x | 0.5x |
| Mon, 10 Jun 2024 | HK$596.1b | HK$1.2t | HK$22.4b | 20.3x | 26.6x | 0.5x |
| Wed, 08 May 2024 | HK$592.7b | HK$1.2t | HK$20.6b | 20.9x | 28.7x | 0.5x |
| Fri, 05 Apr 2024 | HK$516.6b | HK$1.2t | HK$21.5b | 19.5x | 24x | 0.4x |
| Sun, 03 Mar 2024 | HK$468.2b | HK$1.2t | HK$23.7b | 17.8x | 19.8x | 0.4x |
| Tue, 30 Jan 2024 | HK$466.7b | HK$1.2t | HK$24.5b | 14.3x | 19x | 0.4x |
| Thu, 28 Dec 2023 | HK$567.4b | HK$1.2t | HK$24.6b | 17.2x | 23.1x | 0.5x |
| Sat, 25 Nov 2023 | HK$518.5b | HK$1.2t | HK$24.6b | 15.2x | 21.1x | 0.4x |
| Mon, 23 Oct 2023 | HK$459.4b | HK$1.2t | HK$19.7b | 17.4x | 23.3x | 0.4x |
| Wed, 20 Sep 2023 | HK$424.1b | HK$1.2t | HK$19.9b | 20.2x | 21.4x | 0.3x |
| Fri, 18 Aug 2023 | HK$419.2b | HK$1.3t | HK$22.6b | 12.9x | 18.5x | 0.3x |
| Sun, 16 Jul 2023 | HK$418.6b | HK$1.3t | HK$22.8b | 13x | 18.4x | 0.3x |
| Tue, 13 Jun 2023 | HK$388.0b | HK$1.3t | HK$22.9b | 12.9x | 17x | 0.3x |
| Thu, 11 May 2023 | HK$406.6b | HK$1.4t | HK$20.1b | 13.5x | 20.3x | 0.3x |
| Sat, 08 Apr 2023 | HK$435.6b | HK$1.4t | HK$20.1b | 13.8x | 21.6x | 0.3x |
Price to Earnings Ratio
21.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Tech industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.5x which is lower than its 3-year average PE of 27.4x.
- The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
- The earnings for companies in the Tech industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 8.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -1.06% | |
| Tech | -3.96% | |
| Tech Hardware | -2.60% | |
| Tech Hardware Storage and Peripherals | -2.60% | |
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 | |
|---|---|---|---|---|---|
| 992 Lenovo Group | HK$9.50 | 1.2% +HK$1.4b | -10.9% | PE10.2x | |
| 3396 Legend Holdings | HK$8.53 | 3.8% +HK$730.4m | 2.3% | PE32.3x | |
| 8066 Phoenitron Holdings | HK$0.42 | 31.3% +HK$66.4m | 307.8% | PE6.4x | |
| 6133 Vital Innovations Holdings | HK$0.27 | 20.0% +HK$38.3m | 86.2% | PS0.2x |
