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Hong Kong (HSI) Utilities Sector Analysis

UpdatedNov 30, 2023
DataAggregated Company Financials
Companies59
  • 7D-2.8%
  • 3M-3.9%
  • 1Y-13.5%
  • YTD-18.9%

Over the last 7 days, the Utilities industry has dropped 2.8%, and Hong Kong and China Gas contributed the most with a 4.7% decline. Overall the industry is down 14% in 12 months. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Hong Kong Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Nov 2023HK$1.5tHK$1.8tHK$125.2b7.9x11.8x0.8x
Sat, 28 Oct 2023HK$1.5tHK$1.8tHK$124.6b8x12x0.8x
Mon, 25 Sep 2023HK$1.5tHK$1.8tHK$115.1b8.3x13.2x0.8x
Wed, 23 Aug 2023HK$1.6tHK$1.8tHK$108.4b9.4x14.4x0.9x
Fri, 21 Jul 2023HK$1.7tHK$1.8tHK$92.5b9.2x17.9x0.9x
Sun, 18 Jun 2023HK$1.6tHK$1.8tHK$95.2b9.6x17.3x0.9x
Tue, 16 May 2023HK$1.8tHK$1.9tHK$96.0b10.1x18.4x1x
Thu, 13 Apr 2023HK$1.7tHK$1.9tHK$91.5b9.1x18.2x0.9x
Sat, 11 Mar 2023HK$1.7tHK$1.8tHK$60.9b8.4x27.3x0.9x
Mon, 06 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.8x29.5x1x
Wed, 04 Jan 2023HK$1.7tHK$1.8tHK$59.1b8.6x28.6x0.9x
Fri, 02 Dec 2022HK$1.6tHK$1.8tHK$59.2b8.3x26.7x0.9x
Sun, 30 Oct 2022HK$1.4tHK$1.7tHK$62.1b8.1x22.9x0.8x
Tue, 27 Sep 2022HK$1.6tHK$1.7tHK$54.3b8x29.9x0.9x
Thu, 25 Aug 2022HK$1.8tHK$1.8tHK$59.3b7.7x30.2x1x
Sat, 23 Jul 2022HK$1.8tHK$1.7tHK$73.4b8.6x24.8x1.1x
Mon, 20 Jun 2022HK$1.8tHK$1.7tHK$75.0b8.1x24.2x1.1x
Wed, 18 May 2022HK$1.9tHK$1.7tHK$75.6b8.6x24.5x1.1x
Fri, 15 Apr 2022HK$1.9tHK$1.7tHK$84.5b8.7x22.5x1.1x
Sun, 13 Mar 2022HK$2.0tHK$1.6tHK$125.8b9.1x16x1.2x
Tue, 08 Feb 2022HK$2.1tHK$1.6tHK$127.5b10.2x16.7x1.3x
Thu, 06 Jan 2022HK$2.2tHK$1.6tHK$127.4b9.9x17.5x1.4x
Sat, 04 Dec 2021HK$2.1tHK$1.6tHK$127.4b9.6x16.6x1.3x
Mon, 01 Nov 2021HK$2.2tHK$1.6tHK$127.6b10.1x16.9x1.4x
Wed, 29 Sep 2021HK$2.2tHK$1.6tHK$142.1b10.2x15.7x1.4x
Fri, 27 Aug 2021HK$2.1tHK$1.6tHK$141.0b10.1x14.7x1.3x
Sat, 03 Jul 2021HK$2.0tHK$1.6tHK$141.0b9.5x14.1x1.3x
Tue, 06 Apr 2021HK$2.0tHK$1.5tHK$138.0b8.5x14.2x1.3x
Fri, 08 Jan 2021HK$1.8tHK$1.4tHK$127.8b8.1x14.5x1.3x
Price to Earnings Ratio

14.4x


Total Market Cap: HK$1.8tTotal Earnings: HK$124.2bTotal Revenue: HK$1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 19.3x202120222023
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 11.8x which is lower than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities sector?

HK Market-2.95%
Utilities-2.84%
Electric Utilities-0.53%
Other Utilities-0.68%
Renewable Energy-3.26%
Gas Utilities-4.03%
Water Utilities-4.51%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 19.1x.
    • Analysts are expecting annual earnings growth of 5.0%, which is higher than its past year's earnings decline of 4.3% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 4.2x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 5.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
902 Huaneng Power InternationalHK$4.065.7%
+HK$3.5b
16.3%PE8.4x
6 Power Assets HoldingsHK$40.751.2%
+HK$1.1b
1.6%PE15.1x
2638 HK Electric Investments and HK Electric InvestmentsHK$4.491.1%
+HK$441.8m
-21.4%PE13x
135 Kunlun EnergyHK$7.220.6%
+HK$346.4m
21.5%PE10.6x
1071 Huadian Power InternationalHK$3.200.3%
+HK$102.3m
10.0%PE22x
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Latest News

384

HK$7.16

China Gas Holdings

7D

-5.7%

1Y

-27.9%

2

HK$60.75

CLP Holdings

7D

-1.1%

1Y

5.7%

916

HK$5.85

China Longyuan Power Group

7D

-10.0%

1Y

-37.6%

836

HK$15.06

China Resources Power Holdings

7D

-4.7%

1Y

5.5%

902

HK$4.06

Huaneng Power International

7D

5.7%

1Y

16.3%

6

HK$40.75

Power Assets Holdings

7D

1.2%

1Y

1.6%