Here's What's Concerning About Cathay Group Holdings' (HKG:1981) Returns On Capital
Dec 18
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Hong Kong (HSI) Entertainment Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies54
- 7D-2.3%
- 3M17.9%
- 1Y13.2%
- YTD-2.4%
Over the last 7 days, the Entertainment industry has dropped 2.3%, driven by a pullback from NetEase of 2.9%. In contrast, XD has gained 9.8%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Hong Kong Entertainment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | HK$656.7b | HK$195.4b | HK$29.7b | 13x | 22.1x | 3.4x |
| Tue, 19 Nov 2024 | HK$616.0b | HK$196.1b | HK$29.9b | 12.7x | 20.6x | 3.1x |
| Thu, 17 Oct 2024 | HK$171.9b | HK$83.3b | HK$331.6m | 12.5x | 518.4x | 2.1x |
| Sat, 14 Sep 2024 | HK$152.6b | HK$83.8b | HK$552.5m | 11.9x | 276.2x | 1.8x |
| Mon, 12 Aug 2024 | HK$161.1b | HK$84.0b | HK$1.9b | 10.3x | 82.7x | 1.9x |
| Wed, 10 Jul 2024 | HK$165.8b | HK$83.4b | HK$1.8b | 10.7x | 91x | 2x |
| Fri, 07 Jun 2024 | HK$189.5b | HK$84.0b | HK$1.5b | 11.7x | 127.5x | 2.3x |
| Sun, 05 May 2024 | HK$189.8b | HK$83.1b | HK$1.2b | 11.8x | 154.9x | 2.3x |
| Tue, 02 Apr 2024 | HK$182.1b | HK$83.6b | HK$1.2b | 12.1x | 152.9x | 2.2x |
| Thu, 29 Feb 2024 | HK$191.6b | HK$82.9b | HK$584.2m | 23.8x | 328x | 2.3x |
| Sat, 27 Jan 2024 | HK$162.6b | HK$92.7b | -HK$1,296,070,458.00 | 18.2x | -125.4x | 1.8x |
| Mon, 25 Dec 2023 | HK$173.5b | HK$92.7b | -HK$1,296,173,789.00 | 18.6x | -133.9x | 1.9x |
| Wed, 22 Nov 2023 | HK$198.7b | HK$92.1b | -HK$7,975,960,766.00 | 17.8x | -24.9x | 2.2x |
| Fri, 20 Oct 2023 | HK$195.0b | HK$98.3b | -HK$7,986,133,152.00 | 14.4x | -24.4x | 2x |
| Sun, 17 Sep 2023 | HK$203.1b | HK$90.9b | -HK$8,662,755,267.00 | 16.9x | -23.4x | 2.2x |
| Tue, 15 Aug 2023 | HK$237.3b | HK$85.9b | -HK$12,418,167,979.00 | 18.4x | -19.1x | 2.8x |
| Thu, 13 Jul 2023 | HK$232.1b | HK$86.4b | -HK$12,602,007,245.00 | 25.3x | -18.4x | 2.7x |
| Sat, 10 Jun 2023 | HK$242.2b | HK$87.2b | -HK$12,711,207,525.00 | 21.1x | -19.1x | 2.8x |
| Mon, 08 May 2023 | HK$241.6b | HK$89.8b | -HK$12,648,328,930.00 | 24.7x | -19.1x | 2.7x |
| Wed, 05 Apr 2023 | HK$256.8b | HK$90.8b | -HK$9,164,043,102.00 | 17.3x | -28x | 2.8x |
| Fri, 03 Mar 2023 | HK$241.5b | HK$89.5b | -HK$7,187,492,565.00 | 8x | -33.6x | 2.7x |
| Sun, 29 Jan 2023 | HK$234.2b | HK$87.0b | -HK$5,342,797,494.00 | 7.3x | -43.8x | 2.7x |
| Tue, 27 Dec 2022 | HK$176.7b | HK$84.6b | -HK$4,597,803,126.00 | 7.2x | -38.4x | 2.1x |
| Thu, 24 Nov 2022 | HK$163.2b | HK$77.5b | -HK$4,945,031,520.00 | 8x | -33x | 2.1x |
| Sat, 22 Oct 2022 | HK$150.9b | HK$76.9b | HK$2.1b | 7.9x | 70.2x | 2x |
| Mon, 19 Sep 2022 | HK$177.9b | HK$79.3b | HK$2.4b | 8.1x | 72.8x | 2.2x |
| Wed, 17 Aug 2022 | HK$178.8b | HK$80.9b | -HK$2,856,107,796.00 | 8.3x | -62.6x | 2.2x |
| Fri, 15 Jul 2022 | HK$167.4b | HK$79.0b | -HK$4,087,560,755.00 | 8.5x | -41x | 2.1x |
| Sun, 12 Jun 2022 | HK$182.3b | HK$79.2b | -HK$4,009,800,456.00 | 9.9x | -45.5x | 2.3x |
| Tue, 10 May 2022 | HK$155.1b | HK$84.4b | -HK$3,945,205,680.00 | 9.7x | -39.3x | 1.8x |
| Thu, 07 Apr 2022 | HK$174.2b | HK$87.0b | -HK$4,009,827,871.00 | 8.8x | -43.4x | 2x |
| Sat, 05 Mar 2022 | HK$157.6b | HK$79.3b | HK$813.6m | 7.7x | 193.7x | 2x |
| Mon, 31 Jan 2022 | HK$178.9b | HK$78.6b | HK$536.8m | 8.7x | 333.3x | 2.3x |
| Wed, 29 Dec 2021 | HK$195.7b | HK$78.6b | HK$527.9m | 9x | 370.6x | 2.5x |
Price to Earnings Ratio
370.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Entertainment 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 22.1x which is lower than its 3-year average PE of 51.3x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Entertainment industry have grown 283% per year over the last three years.
- Revenues for these companies have grown 35% 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 Telecom industry?
| HK Market | -0.53% | |
| Telecom | 2.42% | |
| Entertainment | -2.26% | |
| Interactive Home Entertainment | -2.24% | |
| Movies and Entertainment | -2.39% | |
Industry PE
- Investors are most optimistic about the Interactive Home Entertainment industry even though it's trading below its 3-year average PE ratio of 103x.
- Analysts are expecting annual earnings growth of 12.1%, which is higher than its past year's earnings decline of 11.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Movies and Entertainment industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Interactive Home Entertainment industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 2400 XD | HK$26.25 | 9.8% +HK$1.1b | 192.0% | PE372.7x | |
| 136 China Ruyi Holdings | HK$2.50 | 3.3% +HK$1.0b | 49.7% | PE35x | |
| 3888 Kingsoft | HK$34.00 | 1.0% +HK$464.4m | 48.8% | PE32.6x | |
| 1119 iDreamSky Technology Holdings | HK$2.65 | 8.2% +HK$334.5m | 23.8% | PS2.5x | |
| 1981 Cathay Group Holdings | HK$1.38 | 7.0% +HK$146.1m | 86.5% | PS2.7x |
