What Does China Datang Corporation Renewable Power Co., Limited's (HKG:1798) Share Price Indicate?
Nov 25
Hong Kong (HSI) Utilities Sector Analysis
UpdatedNov 29, 2022
DataAggregated Company Financials
Companies60
- 7D0.9%
- 3M-14.2%
- 1Y-27.5%
- YTD-35.5%
Over the last 7 days, the Utilities industry has remained flat, although notably CGN Power gained 5.7%. Unfortunately though, the industry is down 28% over the past 12 months. Looking forward, earnings are forecast to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Wed, 30 Nov 2022 | HK$1.6t | HK$1.7t | HK$59.3b | 8.1x | 26.3x | 0.9x |
| Fri, 28 Oct 2022 | HK$1.5t | HK$1.7t | HK$58.0b | 8.1x | 25.4x | 0.8x |
| Sun, 25 Sep 2022 | HK$1.7t | HK$1.7t | HK$54.3b | 8.3x | 30.5x | 1x |
| Tue, 23 Aug 2022 | HK$1.8t | HK$1.7t | HK$58.7b | 8x | 31x | 1.1x |
| Thu, 21 Jul 2022 | HK$1.8t | HK$1.7t | HK$73.4b | 8.6x | 25.1x | 1.1x |
| Sat, 18 Jun 2022 | HK$1.8t | HK$1.7t | HK$75.0b | 8.1x | 24.2x | 1.1x |
| Mon, 16 May 2022 | HK$1.8t | HK$1.7t | HK$75.4b | 8.7x | 24.5x | 1.1x |
| Wed, 13 Apr 2022 | HK$1.9t | HK$1.7t | HK$84.5b | 8.6x | 22.4x | 1.1x |
| Fri, 11 Mar 2022 | HK$2.1t | HK$1.6t | HK$125.9b | 8.8x | 16.4x | 1.3x |
| Sun, 06 Feb 2022 | HK$2.1t | HK$1.6t | HK$127.5b | 10.2x | 16.5x | 1.3x |
| Tue, 04 Jan 2022 | HK$2.3t | HK$1.6t | HK$127.6b | 10.2x | 18.3x | 1.4x |
| Thu, 02 Dec 2021 | HK$2.1t | HK$1.6t | HK$127.5b | 9.5x | 16.4x | 1.3x |
| Sat, 30 Oct 2021 | HK$2.2t | HK$1.6t | HK$130.3b | 9.6x | 16.6x | 1.4x |
| Mon, 27 Sep 2021 | HK$2.2t | HK$1.6t | HK$142.0b | 9.4x | 15.4x | 1.4x |
| Wed, 25 Aug 2021 | HK$2.1t | HK$1.6t | HK$141.0b | 9.8x | 14.8x | 1.3x |
| Thu, 01 Jul 2021 | HK$2.0t | HK$1.6t | HK$141.0b | 9.5x | 14.1x | 1.3x |
| Sun, 04 Apr 2021 | HK$2.0t | HK$1.5t | HK$138.0b | 8.5x | 14.2x | 1.3x |
| Wed, 06 Jan 2021 | HK$1.8t | HK$1.4t | HK$127.8b | 8.1x | 14.5x | 1.3x |
| Sat, 10 Oct 2020 | HK$1.7t | HK$1.3t | HK$124.2b | 7.5x | 13.3x | 1.2x |
| Fri, 03 Jul 2020 | HK$1.7t | HK$1.3t | HK$116.4b | 8.5x | 14.4x | 1.3x |
| Mon, 06 Apr 2020 | HK$1.7t | HK$1.3t | HK$113.5b | 9x | 14.8x | 1.3x |
| Thu, 09 Jan 2020 | HK$2.0t | HK$1.3t | HK$112.9b | 10x | 17.7x | 1.5x |
Price to Earnings Ratio
16.3x
Current Industry PE
- Investors are optimistic on the Hong Kong Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.3x which is higher than its 3-year average PE of 17.7x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.89x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 21% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% 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 | -0.40% | |
| Utilities | 0.93% | |
| Other Utilities | 3.62% | |
| Renewable Energy | 3.38% | |
| Gas Utilities | -0.35% | |
| Electric Utilities | -1.01% | |
| Water Utilities | -1.63% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 18.8x.
- Analysts are expecting annual earnings growth of 7.6%, which is higher than its past year's earnings growth of 3.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 7.6% 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 | |
|---|---|---|---|---|---|
| 384 China Gas Holdings | HK$9.25 | 9.1% +HK$4.2b | -30.6% | PE7.4x | |
| 135 Kunlun Energy | HK$5.73 | 7.5% +HK$3.5b | -21.5% | PE8.1x | |
| 2688 ENN Energy Holdings | HK$105.70 | 2.4% +HK$2.8b | -29.3% | PE15.5x | |
| 902 Huaneng Power International | HK$3.70 | 4.2% +HK$2.4b | 3.4% | PS0.2x | |
| 1816 CGN Power | HK$1.85 | 2.2% +HK$2.0b | -15.5% | PE8.8x |
