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Hong Kong (HSI) Utilities Sector Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies58
  • 7D0.7%
  • 3M0.6%
  • 1Y13.4%
  • YTD7.0%

In the last week, Utilities has been flat. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 4.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026HK$1.8tHK$1.7tHK$127.8b10x14.5x1.1x
Sat, 28 Mar 2026HK$1.8tHK$1.7tHK$131.8b9.2x14x1.1x
Mon, 23 Feb 2026HK$1.8tHK$1.7tHK$130.8b9.9x13.9x1.1x
Wed, 21 Jan 2026HK$1.8tHK$1.7tHK$130.2b9.1x13.6x1x
Fri, 19 Dec 2025HK$1.7tHK$1.7tHK$129.2b9.3x13.3x1x
Sun, 16 Nov 2025HK$1.8tHK$1.7tHK$129.3b9.5x13.7x1.1x
Tue, 14 Oct 2025HK$1.7tHK$1.7tHK$126.3b9.7x13.6x1x
Thu, 11 Sep 2025HK$1.9tHK$1.8tHK$132.2b10.2x14.2x1x
Sat, 09 Aug 2025HK$1.9tHK$1.8tHK$134.0b10.2x14x1x
Mon, 07 Jul 2025HK$1.8tHK$1.8tHK$133.0b9.2x13.7x1x
Wed, 04 Jun 2025HK$1.8tHK$1.8tHK$133.9b8.8x13.5x1x
Fri, 02 May 2025HK$1.7tHK$1.8tHK$132.6b8.9x13x1x
Sun, 30 Mar 2025HK$1.7tHK$1.8tHK$136.9b8.3x12.3x0.9x
Tue, 25 Feb 2025HK$1.7tHK$1.8tHK$119.8b8.8x14x0.9x
Thu, 23 Jan 2025HK$1.6tHK$1.8tHK$119.8b7.9x13.6x0.9x
Sat, 21 Dec 2024HK$1.7tHK$1.8tHK$119.4b8.6x14.3x1x
Mon, 18 Nov 2024HK$1.7tHK$1.8tHK$120.1b8.3x14x0.9x
Wed, 16 Oct 2024HK$1.7tHK$1.8tHK$124.4b9.2x13.6x0.9x
Fri, 13 Sep 2024HK$1.6tHK$1.8tHK$124.7b7.8x12.9x0.9x
Sun, 11 Aug 2024HK$1.8tHK$1.8tHK$124.9b8.7x14.1x1x
Tue, 09 Jul 2024HK$1.8tHK$1.8tHK$124.7b9.2x14.4x1x
Thu, 06 Jun 2024HK$1.8tHK$1.8tHK$125.4b9.4x14x1x
Sat, 04 May 2024HK$1.7tHK$1.8tHK$125.6b9.1x13.3x0.9x
Mon, 01 Apr 2024HK$1.6tHK$1.8tHK$121.3b9x13.4x0.9x
Wed, 28 Feb 2024HK$1.6tHK$1.8tHK$120.8b8.6x13.6x0.9x
Fri, 26 Jan 2024HK$1.6tHK$1.8tHK$125.0b8.2x12.8x0.9x
Sun, 24 Dec 2023HK$1.5tHK$1.8tHK$125.2b8x12.2x0.8x
Tue, 21 Nov 2023HK$1.5tHK$1.8tHK$126.6b8.1x12x0.8x
Thu, 19 Oct 2023HK$1.5tHK$1.8tHK$114.9b8.1x13x0.8x
Sat, 16 Sep 2023HK$1.5tHK$1.8tHK$115.0b8.3x13.2x0.8x
Mon, 14 Aug 2023HK$1.6tHK$1.8tHK$108.3b9.8x15.1x0.9x
Wed, 12 Jul 2023HK$1.7tHK$1.8tHK$92.5b9.5x18.2x0.9x
Fri, 09 Jun 2023HK$1.7tHK$1.8tHK$95.2b9.8x17.5x0.9x
Sun, 07 May 2023HK$1.8tHK$1.9tHK$95.9b9.9x18.4x0.9x
Price to Earnings Ratio

18.4x


Total Market Cap: HK$1.8tTotal Earnings: HK$95.9bTotal Revenue: HK$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 13.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Utilities 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 13.9x.
  • The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 10% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

HK Market0.33%
Utilities0.69%
Water Utilities1.37%
Renewable Energy0.89%
Electric Utilities0.68%
Gas Utilities0.23%
Other Utilities-1.65%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 17.1x.
    • Analysts are expecting annual earnings growth of 1.4%, which is lower than the prior year's growth of 1.5% 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 4.1x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 6.9% over the next 5 years.
  • This is better than its past earnings decline of 9.2% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
1816 CGN PowerHK$3.481.5%
+HK$2.5b
40.9%PE16.1x
916 China Longyuan Power GroupHK$6.664.6%
+HK$2.4b
8.5%PE11.4x
991 Datang International Power GenerationHK$2.702.7%
+HK$1.3b
45.9%PE6.7x
412 Shandong Hi-Speed Holdings GroupHK$1.318.3%
+HK$601.6m
-79.3%PS1.4x
182 Concord New Energy GroupHK$0.3623.7%
+HK$546.4m
-22.3%PE17.8x

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