Why Investors Shouldn't Be Surprised By Datang International Power Generation Co., Ltd.'s (HKG:991) Low P/E
Aug 25
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Utilities Sector Analysis
UpdatedAug 26, 2025
DataAggregated Company Financials
Companies59
- 7D-0.6%
- 3M6.5%
- 1Y8.4%
- YTD12.6%
The Utilities industry has been flat over the last week, but China Resources Power Holdings has lost 6.9%. The past year has been better, since the industry has gained 8.4% in that time. Looking forward, earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the Hong Kong Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 Aug 2025 | HK$1.9t | HK$1.8t | HK$132.4b | 10.1x | 14.1x | 1x |
| Thu, 24 Jul 2025 | HK$1.9t | HK$1.8t | HK$133.1b | 10.1x | 14.1x | 1x |
| Sat, 21 Jun 2025 | HK$1.8t | HK$1.8t | HK$133.1b | 8.9x | 13.4x | 1x |
| Mon, 19 May 2025 | HK$1.8t | HK$1.8t | HK$133.5b | 9x | 13.1x | 1x |
| Wed, 16 Apr 2025 | HK$1.7t | HK$1.8t | HK$132.5b | 8.5x | 12.6x | 0.9x |
| Fri, 14 Mar 2025 | HK$1.7t | HK$1.8t | HK$124.1b | 9x | 13.6x | 0.9x |
| Sun, 09 Feb 2025 | HK$1.6t | HK$1.8t | HK$119.6b | 8.3x | 13.7x | 0.9x |
| Tue, 07 Jan 2025 | HK$1.7t | HK$1.8t | HK$119.2b | 8.4x | 14.1x | 0.9x |
| Thu, 05 Dec 2024 | HK$1.7t | HK$1.8t | HK$119.7b | 8.3x | 14x | 0.9x |
| Sat, 02 Nov 2024 | HK$1.7t | HK$1.8t | HK$121.2b | 8.7x | 14x | 0.9x |
| Mon, 30 Sep 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.1x | 14x | 1x |
| Wed, 28 Aug 2024 | HK$1.8t | HK$1.8t | HK$124.5b | 8.6x | 14.1x | 1x |
| Fri, 26 Jul 2024 | HK$1.8t | HK$1.8t | HK$125.0b | 8.8x | 14.2x | 1x |
| Sun, 23 Jun 2024 | HK$1.7t | HK$1.8t | HK$125.2b | 9.5x | 13.8x | 0.9x |
| Tue, 21 May 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.6x | 14.2x | 1x |
| Thu, 18 Apr 2024 | HK$1.7t | HK$1.8t | HK$121.3b | 8.8x | 13.7x | 0.9x |
| Sat, 16 Mar 2024 | HK$1.7t | HK$1.8t | HK$120.6b | 8.8x | 13.8x | 0.9x |
| Mon, 12 Feb 2024 | HK$1.6t | HK$1.8t | HK$125.1b | 8x | 12.6x | 0.9x |
| Wed, 10 Jan 2024 | HK$1.6t | HK$1.8t | HK$125.2b | 8.5x | 12.7x | 0.9x |
| Fri, 08 Dec 2023 | HK$1.5t | HK$1.8t | HK$125.1b | 7.7x | 11.8x | 0.8x |
| Sun, 05 Nov 2023 | HK$1.5t | HK$1.8t | HK$125.9b | 8x | 11.9x | 0.8x |
| Tue, 03 Oct 2023 | HK$1.5t | HK$1.8t | HK$115.0b | 8.5x | 13.2x | 0.8x |
| Thu, 31 Aug 2023 | HK$1.5t | HK$1.8t | HK$114.5b | 8.4x | 13.4x | 0.8x |
| Sat, 29 Jul 2023 | HK$1.7t | HK$1.8t | HK$98.8b | 9.5x | 17x | 0.9x |
| Mon, 26 Jun 2023 | HK$1.6t | HK$1.8t | HK$95.0b | 9.5x | 16.9x | 0.9x |
| Wed, 24 May 2023 | HK$1.7t | HK$1.8t | HK$95.5b | 9.8x | 17.8x | 0.9x |
| Fri, 21 Apr 2023 | HK$1.7t | HK$1.9t | HK$91.5b | 9.4x | 18.4x | 0.9x |
| Sun, 19 Mar 2023 | HK$1.7t | HK$1.8t | HK$59.6b | 9x | 28.6x | 0.9x |
| Tue, 14 Feb 2023 | HK$1.7t | HK$1.8t | HK$59.1b | 8.8x | 29.5x | 1x |
| Thu, 12 Jan 2023 | HK$1.7t | HK$1.8t | HK$59.1b | 9x | 29x | 0.9x |
| Sat, 10 Dec 2022 | HK$1.6t | HK$1.8t | HK$59.2b | 8.4x | 27.3x | 0.9x |
| Mon, 07 Nov 2022 | HK$1.4t | HK$1.7t | HK$60.0b | 8x | 23.9x | 0.8x |
| Wed, 05 Oct 2022 | HK$1.5t | HK$1.7t | HK$54.6b | 7.7x | 28.1x | 0.9x |
| Fri, 02 Sep 2022 | HK$1.8t | HK$1.8t | HK$54.6b | 8.6x | 32.3x | 1x |
Price to Earnings Ratio
32.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Utilities 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 14.1x which is lower than its 3-year average PE of 16.9x.
- The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 34% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Utilities sector?
| HK Market | 1.79% | |
| Utilities | -0.60% | |
| Other Utilities | 5.00% | |
| Water Utilities | 0.45% | |
| Electric Utilities | -0.26% | |
| Gas Utilities | -0.68% | |
| Renewable Energy | -0.86% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 10.6x.
- Analysts are expecting annual earnings growth of 3.8%, which is higher than its past year's earnings decline of 15.6% per year.
- Investors are most pessimistic about the Other Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 4.8% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 3.8% 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 | |
|---|---|---|---|---|---|
| 1071 Huadian Power International | HK$4.47 | 2.3% +HK$4.2b | 8.0% | PE9.9x | |
| 270 Guangdong Investment | HK$7.10 | 4.3% +HK$1.9b | 74.9% | PE10.7x | |
| 991 Datang International Power Generation | HK$2.14 | 3.4% +HK$1.3b | 42.7% | PE6.7x | |
| 392 Beijing Enterprises Holdings | HK$33.48 | 1.9% +HK$805.1m | 30.8% | PE7.5x | |
| 902 Huaneng Power International | HK$5.62 | 0.9% +HK$784.9m | 23.8% | PE8.9x |
