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Hong Kong (HSI) Utilities Sector Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies59
  • 7D0.5%
  • 3M9.0%
  • 1Y-7.2%
  • YTD5.6%

Over the last 7 days, the Utilities industry has remained flat, although notably China Resources Gas Group gained 11%. As for the longer term, the industry has declined 7.2% in the last year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024HK$1.7tHK$1.8tHK$120.1b8.9x13.9x0.9x
Thu, 15 Feb 2024HK$1.6tHK$1.8tHK$124.9b7.8x12.5x0.8x
Sat, 13 Jan 2024HK$1.6tHK$1.8tHK$125.0b8.5x12.7x0.9x
Mon, 11 Dec 2023HK$1.5tHK$1.8tHK$124.9b7.7x11.9x0.8x
Wed, 08 Nov 2023HK$1.5tHK$1.8tHK$126.0b7.7x11.8x0.8x
Fri, 06 Oct 2023HK$1.5tHK$1.8tHK$115.0b7.8x13.2x0.8x
Sun, 03 Sep 2023HK$1.5tHK$1.8tHK$115.4b8.3x13.3x0.8x
Tue, 01 Aug 2023HK$1.7tHK$1.8tHK$98.8b9.6x17.1x0.9x
Thu, 29 Jun 2023HK$1.7tHK$1.8tHK$92.2b9.5x18.2x0.9x
Sat, 27 May 2023HK$1.7tHK$1.8tHK$95.5b9.6x17.6x0.9x
Mon, 24 Apr 2023HK$1.7tHK$1.9tHK$90.7b9.6x18.5x0.9x
Wed, 22 Mar 2023HK$1.7tHK$1.8tHK$59.6b8.6x28x0.9x
Fri, 17 Feb 2023HK$1.7tHK$1.8tHK$59.1b8.9x29.4x1x
Sun, 15 Jan 2023HK$1.7tHK$1.8tHK$59.1b8.8x29.1x0.9x
Tue, 13 Dec 2022HK$1.6tHK$1.8tHK$59.2b8.4x27x0.9x
Thu, 10 Nov 2022HK$1.4tHK$1.7tHK$60.0b7.9x23.8x0.8x
Sat, 08 Oct 2022HK$1.5tHK$1.7tHK$54.6b7.8x28.4x0.9x
Mon, 05 Sep 2022HK$1.8tHK$1.8tHK$54.3b8.4x32.5x1x
Wed, 03 Aug 2022HK$1.8tHK$1.7tHK$73.2b8.3x23.9x1x
Fri, 01 Jul 2022HK$1.9tHK$1.7tHK$73.2b8.5x25.5x1.1x
Sun, 29 May 2022HK$1.9tHK$1.7tHK$75.0b8.6x25.3x1.1x
Tue, 26 Apr 2022HK$1.8tHK$1.7tHK$84.8b8.5x21.8x1.1x
Thu, 24 Mar 2022HK$1.9tHK$1.7tHK$107.5b8.7x18.1x1.1x
Sat, 19 Feb 2022HK$2.1tHK$1.6tHK$127.7b9.9x16.5x1.3x
Mon, 17 Jan 2022HK$2.2tHK$1.6tHK$127.5b9.6x16.9x1.3x
Wed, 15 Dec 2021HK$2.2tHK$1.6tHK$127.5b9.8x17.1x1.3x
Fri, 12 Nov 2021HK$2.0tHK$1.6tHK$128.1b9.3x15.9x1.3x
Sun, 10 Oct 2021HK$2.1tHK$1.6tHK$142.2b9.6x15x1.4x
Tue, 07 Sep 2021HK$2.2tHK$1.6tHK$141.9b11.4x15.4x1.4x
Thu, 05 Aug 2021HK$2.1tHK$1.6tHK$141.0b9x14.6x1.3x
Sun, 09 May 2021HK$2.0tHK$1.5tHK$138.0b8.6x14.1x1.3x
Price to Earnings Ratio

14.2x


Total Market Cap: HK$2.0tTotal Earnings: HK$138.0bTotal Revenue: HK$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 19x202220232024
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 13.9x which is lower than its 3-year average PE of 19.0x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have declined 4.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.0% 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, which has decreased profits.

Industry Trends

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

HK Market1.55%
Utilities0.46%
Other Utilities6.33%
Gas Utilities2.45%
Water Utilities1.38%
Electric Utilities0.48%
Renewable Energy-0.69%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 18.9x.
    • Analysts are expecting annual earnings growth of 7.0%, which is higher than its past year's earnings growth of 3.2% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 4.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 1.4% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 7.0% 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
1193 China Resources Gas GroupHK$26.4011.4%
+HK$6.2b
-10.5%PE11.7x
836 China Resources Power HoldingsHK$18.923.2%
+HK$2.8b
16.2%PE9.7x
2688 ENN Energy HoldingsHK$65.503.8%
+HK$2.7b
-36.6%PE11.2x
135 Kunlun EnergyHK$7.234.0%
+HK$2.4b
13.0%PE10.7x
384 China Gas HoldingsHK$7.805.8%
+HK$2.3b
-26.8%PE14.8x
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686

HK$0.091

Beijing Energy International Holding

7D

-15.0%

1Y

-51.3%

1798

HK$1.80

China Datang Corporation Renewable Power

7D

-2.7%

1Y

-32.6%

392

HK$30.85

Beijing Enterprises Holdings

7D

4.4%

1Y

9.2%

270

HK$4.85

Guangdong Investment

7D

-0.2%

1Y

-38.2%

3633

HK$4.98

Zhongyu Energy Holdings

7D

-0.4%

1Y

-8.8%

2688

HK$65.50

ENN Energy Holdings

7D

3.8%

1Y

-36.6%

1193

HK$26.40

China Resources Gas Group

7D

11.4%

1Y

-10.5%

135

HK$7.23

Kunlun Energy

7D

4.0%

1Y

13.0%

836

HK$18.92

China Resources Power Holdings

7D

3.2%

1Y

16.2%

3

HK$5.97

Hong Kong and China Gas

7D

-0.5%

1Y

-15.9%

6

HK$46.10

Power Assets Holdings

7D

-0.1%

1Y

8.7%

182

HK$0.66

Concord New Energy Group

7D

-1.5%

1Y

-5.7%

1071

HK$4.36

Huadian Power International

7D

4.3%

1Y

37.1%

916

HK$5.72

China Longyuan Power Group

7D

-4.5%

1Y

-39.0%