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Hong Kong (HSI) Utilities Sector Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies57
- 7D1.3%
- 3M-2.5%
- 1Y16.8%
- YTD11.2%
Over the last 7 days, the Utilities industry has risen 2.7%, driven by gains from ENN Energy Holdings of 5.7%. This takes the industry's 12 month performance to a gain of 19%.
Sector Valuation and Performance
Has the Hong Kong Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 29 Nov 2021 | HK$2.1t | HK$1.6t | HK$128.1b | 9.5x |
| Wed, 27 Oct 2021 | HK$2.1t | HK$1.6t | HK$142.6b | 9.3x |
| Fri, 24 Sep 2021 | HK$2.2t | HK$1.6t | HK$142.0b | 9.7x |
| Sun, 22 Aug 2021 | HK$2.1t | HK$1.6t | HK$141.0b | 9.3x |
| Fri, 09 Jul 2021 | HK$2.0t | HK$1.6t | HK$141.0b | 9.5x |
| Thu, 01 Apr 2021 | HK$2.0t | HK$1.5t | HK$138.0b | 8.5x |
| Sun, 03 Jan 2021 | HK$1.8t | HK$1.4t | HK$127.8b | 8.1x |
| Wed, 07 Oct 2020 | HK$1.7t | HK$1.3t | HK$124.2b | 7.5x |
| Tue, 30 Jun 2020 | HK$1.7t | HK$1.3t | HK$116.4b | 8.5x |
| Fri, 03 Apr 2020 | HK$1.7t | HK$1.3t | HK$113.5b | 9x |
| Mon, 06 Jan 2020 | HK$2.0t | HK$1.3t | HK$112.9b | 10x |
| Thu, 10 Oct 2019 | HK$2.0t | HK$1.3t | HK$119.4b | 10.6x |
| Wed, 03 Jul 2019 | HK$2.0t | HK$1.3t | HK$119.7b | 10.7x |
| Sat, 06 Apr 2019 | HK$2.1t | HK$1.3t | HK$121.3b | 12x |
| Tue, 08 Jan 2019 | HK$2.0t | HK$1.3t | HK$119.0b | 11.2x |
PE Ratio
13.5x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.9x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Utilities industry have grown 2.1% per year over the last three years, and revenues for these companies have grown 7.9% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Utilities sector?
| Water Utilities | 3.49% | |
| Gas Utilities | 1.96% | |
| Renewable Energy | 0.97% | |
| Electric Utilities | 0.42% | |
| Other Utilities | -1.81% | |
Industry PE: Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 15.1x. However analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 7.3% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 6.1x.
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 it's past earnings growth rate of 15% per year. Meanwhile, the Gas Utilities industry is expected to see its earnings grow by 4.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 836 China Resources Power Holdings | 13.0%+HK$11.4b | 148.8% | PE12.1x | |
| 916 China Longyuan Power Group | 6.2%+HK$7.7b | 151.5% | PE18.4x | |
| 2380 China Power International Development | 18.0%+HK$6.0b | 156.4% | PE17.6x | |
| 2688 ENN Energy Holdings | 3.0%+HK$5.0b | 46.1% | PE18.9x | |
| 270 Guangdong Investment | 6.5%+HK$4.3b | -15.8% | PE13.2x |
