Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Telecom Services and Carriers Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 04 Dec 2023	HK$907.6b	HK$1.2t	HK$68.0b	9.8x	13.4x	0.8x
Wed, 01 Nov 2023	HK$874.0b	HK$1.1t	HK$68.0b	9.5x	12.8x	0.8x
Fri, 29 Sep 2023	HK$949.6b	HK$1.1t	HK$66.9b	11.4x	14.2x	0.8x
Sun, 27 Aug 2023	HK$950.2b	HK$1.1t	HK$67.2b	10.7x	14.1x	0.8x
Tue, 25 Jul 2023	HK$985.3b	HK$1.1t	HK$65.4b	12.1x	15.1x	0.9x
Thu, 22 Jun 2023	HK$963.6b	HK$1.1t	HK$65.5b	11.2x	14.7x	0.9x
Sat, 20 May 2023	HK$1.0t	HK$1.2t	HK$67.0b	12x	15.6x	0.9x
Mon, 17 Apr 2023	HK$1.2t	HK$1.1t	HK$66.9b	12.6x	17.5x	1x
Wed, 15 Mar 2023	HK$1.2t	HK$1.1t	HK$66.3b	13x	17.8x	1x
Fri, 10 Feb 2023	HK$965.5b	HK$1.1t	HK$68.6b	12.1x	14.1x	0.8x
Sun, 08 Jan 2023	HK$854.7b	HK$1.1t	HK$67.8b	10.8x	12.6x	0.8x
Tue, 06 Dec 2022	HK$852.0b	HK$1.1t	HK$66.0b	11.3x	12.9x	0.8x
Thu, 03 Nov 2022	HK$724.7b	HK$1.1t	HK$64.5b	10.2x	11.2x	0.7x
Sat, 01 Oct 2022	HK$738.2b	HK$1.1t	HK$63.4b	11.5x	11.6x	0.7x
Mon, 29 Aug 2022	HK$797.8b	HK$1.1t	HK$65.4b	12.8x	12.2x	0.7x
Wed, 27 Jul 2022	HK$806.8b	HK$1.1t	HK$65.3b	13.1x	12.4x	0.7x
Fri, 24 Jun 2022	HK$791.9b	HK$1.1t	HK$65.8b	12.7x	12x	0.7x
Sun, 22 May 2022	HK$804.9b	HK$1.1t	HK$65.8b	13.4x	12.2x	0.7x
Tue, 19 Apr 2022	HK$847.3b	HK$1.1t	HK$65.9b	13.5x	12.9x	0.7x
Thu, 17 Mar 2022	HK$806.6b	HK$1.1t	HK$65.2b	12.4x	12.4x	0.7x
Sat, 12 Feb 2022	HK$900.6b	HK$1.1t	HK$64.0b	9.9x	14.1x	0.8x
Mon, 10 Jan 2022	HK$867.3b	HK$1.1t	HK$63.8b	9.5x	13.6x	0.8x
Wed, 08 Dec 2021	HK$857.9b	HK$1.1t	HK$63.7b	9.3x	13.5x	0.8x
Fri, 05 Nov 2021	HK$869.7b	HK$1.1t	HK$63.4b	9.3x	13.7x	0.8x
Sun, 03 Oct 2021	HK$874.3b	HK$1.1t	HK$61.0b	9.3x	14.3x	0.8x
Tue, 31 Aug 2021	HK$906.9b	HK$1.1t	HK$60.8b	15.1x	14.9x	0.8x
Wed, 07 Jul 2021	HK$689.3b	HK$1.1t	HK$60.8b	9x	11.3x	0.6x
Sat, 10 Apr 2021	HK$697.9b	HK$1.0t	HK$54.7b	9.8x	12.8x	0.7x
Fri, 01 Jan 2021	HK$649.7b	HK$1.0t	HK$52.8b	11.8x	12.3x	0.6x

Current Industry PE

Investors are relatively neutral on the Hong Kong Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 13.4x.

The industry is trading close to its 3-year average PS ratio of 0.77x.

Past Earnings Growth

The earnings for companies in the Telecom industry have grown 10% per year over the last three years.
Revenues for these companies have grown 6.3% 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	-2.96%
Telecom	-0.96%
Telecom Services and Carriers	0.60%
Integrated Telecom Services	0.62%
Alternative Carriers	-0.91%

Industry PE

Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 13.5x.

Analysts are expecting annual earnings growth of 14.5%, which is higher than its past year's earnings growth of 9.0% per year.

Investors are most pessimistic about the Alternative Carriers industry, which is trading close to its 3-year average of 9.0x.

Forecasted Growth

Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 14% over the next 5 years.
This is better than its past earnings growth rate of 9.0% per year.

In contrast, the Alternative Carriers industry is expected to see its earnings grow by 4.4% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
728 China Telecom	HK$3.64	1.1% +HK$3.7b	16.3%	PE10.1x
788 China Tower	HK$0.82	1.2% +HK$1.8b	0%	PE13.5x
6823 HKT Trust and HKT	HK$8.35	1.0% +HK$606.3m	-11.3%	PE12.8x

Company

Last Price

Valuation

728 China Telecom

HK$3.64

1.1%
+HK$3.7b

16.3%

PE10.1x

788 China Tower

HK$0.82

1.2%
+HK$1.8b

PE13.5x