Calculating The Fair Value Of Universal Technologies Holdings Limited (HKG:1026)
Nov 20
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Hong Kong (HSI) Utilities Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies60
- 7D0.7%
- 3M-6.7%
- 1Y13.0%
- YTD8.0%
Last week, the Utilities industry hasn't moved much but CGN Power is up 3.7% in that time. As for the the longer term, the industry is up 12% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$1.7t | HK$1.8t | HK$120.0b | 8.3x | 14.2x | 0.9x |
| Sat, 19 Oct 2024 | HK$1.7t | HK$1.8t | HK$124.5b | 9x | 13.8x | 0.9x |
| Mon, 16 Sep 2024 | HK$1.6t | HK$1.8t | HK$124.9b | 7.8x | 13x | 0.9x |
| Wed, 14 Aug 2024 | HK$1.8t | HK$1.8t | HK$124.8b | 8.6x | 14.2x | 1x |
| Fri, 12 Jul 2024 | HK$1.8t | HK$1.8t | HK$124.7b | 9.1x | 14.1x | 1x |
| Sun, 09 Jun 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.9x | 14.3x | 1x |
| Tue, 07 May 2024 | HK$1.7t | HK$1.8t | HK$125.8b | 9.1x | 13.5x | 0.9x |
| Thu, 04 Apr 2024 | HK$1.6t | HK$1.8t | HK$121.3b | 9.1x | 13.5x | 0.9x |
| Sat, 02 Mar 2024 | HK$1.6t | HK$1.8t | HK$120.7b | 8.5x | 13.5x | 0.9x |
| Mon, 29 Jan 2024 | HK$1.6t | HK$1.8t | HK$125.1b | 8.2x | 12.7x | 0.9x |
| Wed, 27 Dec 2023 | HK$1.5t | HK$1.8t | HK$125.2b | 8x | 12.3x | 0.8x |
| Fri, 24 Nov 2023 | HK$1.5t | HK$1.8t | HK$126.6b | 8x | 12x | 0.8x |
| Sun, 22 Oct 2023 | HK$1.5t | HK$1.8t | HK$114.9b | 7.9x | 12.7x | 0.8x |
| Tue, 19 Sep 2023 | HK$1.5t | HK$1.8t | HK$115.1b | 8.5x | 13.2x | 0.8x |
| Thu, 17 Aug 2023 | HK$1.6t | HK$1.8t | HK$108.4b | 9.9x | 14.9x | 0.9x |
| Sat, 15 Jul 2023 | HK$1.7t | HK$1.8t | HK$92.7b | 9.4x | 18.4x | 0.9x |
| Mon, 12 Jun 2023 | HK$1.7t | HK$1.8t | HK$95.2b | 9.8x | 17.7x | 0.9x |
| Wed, 10 May 2023 | HK$1.8t | HK$1.9t | HK$96.2b | 10x | 18.5x | 1x |
| Fri, 07 Apr 2023 | HK$1.6t | HK$1.9t | HK$90.4b | 9.9x | 18x | 0.9x |
| Sun, 05 Mar 2023 | HK$1.7t | HK$1.8t | HK$60.9b | 8.9x | 28.2x | 1x |
| Tue, 31 Jan 2023 | HK$1.7t | HK$1.8t | HK$59.1b | 8.7x | 29.5x | 1x |
| Thu, 29 Dec 2022 | HK$1.6t | HK$1.8t | HK$59.2b | 8.5x | 27.7x | 0.9x |
| Sat, 26 Nov 2022 | HK$1.6t | HK$1.7t | HK$60.1b | 8x | 26.1x | 0.9x |
| Mon, 24 Oct 2022 | HK$1.5t | HK$1.7t | HK$54.7b | 8.1x | 27.8x | 0.9x |
| Wed, 21 Sep 2022 | HK$1.7t | HK$1.7t | HK$54.2b | 8.6x | 31.6x | 1x |
| Fri, 19 Aug 2022 | HK$1.8t | HK$1.7t | HK$60.3b | 7.9x | 30x | 1.1x |
| Sun, 17 Jul 2022 | HK$1.8t | HK$1.7t | HK$73.4b | 8.4x | 25x | 1.1x |
| Tue, 14 Jun 2022 | HK$1.9t | HK$1.7t | HK$75.0b | 8.2x | 24.9x | 1.1x |
| Thu, 12 May 2022 | HK$1.8t | HK$1.7t | HK$75.3b | 8.8x | 24.3x | 1.1x |
| Sat, 09 Apr 2022 | HK$1.9t | HK$1.7t | HK$84.5b | 8.8x | 23x | 1.1x |
| Mon, 07 Mar 2022 | HK$2.0t | HK$1.6t | HK$126.2b | 9.1x | 16.2x | 1.3x |
| Wed, 02 Feb 2022 | HK$2.1t | HK$1.6t | HK$127.5b | 10.2x | 16.3x | 1.3x |
| Fri, 31 Dec 2021 | HK$2.3t | HK$1.6t | HK$127.5b | 10.1x | 17.9x | 1.4x |
| Sun, 28 Nov 2021 | HK$2.1t | HK$1.6t | HK$128.1b | 9.5x | 16.2x | 1.3x |
Price to Earnings Ratio
16.2x
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 18.8x.
- The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 2.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.2% 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 Market | 0.42% | |
| Utilities | 0.66% | |
| Electric Utilities | 1.43% | |
| Renewable Energy | 1.40% | |
| Other Utilities | -0.52% | |
| Water Utilities | -0.85% | |
| Gas Utilities | -1.32% | |
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 7.5%, which is higher than its past year's earnings growth of 4.0% per year.
- Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 3.7x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 3.2% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 7.5% 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 | |
|---|---|---|---|---|---|
| 1816 CGN Power | HK$2.84 | 5.6% +HK$7.6b | 51.1% | PE12.1x | |
| 1038 CK Infrastructure Holdings | HK$54.25 | 3.5% +HK$4.7b | 39.3% | PE16.9x | |
| 2 CLP Holdings | HK$67.00 | 2.6% +HK$4.3b | 9.0% | PE22.4x | |
| 836 China Resources Power Holdings | HK$18.30 | 3.5% +HK$3.1b | 15.8% | PE6.7x | |
| 6 Power Assets Holdings | HK$51.15 | 2.9% +HK$3.1b | 27.1% | PE18x |
