When Should You Buy CK Infrastructure Holdings Limited (HKG:1038)?
Nov 26
Hong Kong (HSI) Electric Utilities Industry Analysis
UpdatedDec 01, 2022
DataAggregated Company Financials
Companies6
- 7D-1.0%
- 3M-12.9%
- 1Y-20.1%
- YTD-24.2%
Over the last 7 days, the Electric Utilities industry has remained flat. As for the longer term, the industry has declined 20% in the last year. Earnings are forecast to grow by 7.6% annually.
Industry Valuation and Performance
Has the Hong Kong Electric Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Dec 2022 | HK$380.2b | HK$114.8b | HK$17.7b | 12.1x | 21.5x | 3.3x |
| Sat, 29 Oct 2022 | HK$356.9b | HK$114.8b | HK$17.7b | 11.6x | 20.2x | 3.1x |
| Mon, 26 Sep 2022 | HK$414.7b | HK$115.1b | HK$17.3b | 13.1x | 24x | 3.6x |
| Wed, 24 Aug 2022 | HK$459.5b | HK$115.3b | HK$17.3b | 16x | 26.5x | 4x |
| Fri, 22 Jul 2022 | HK$460.9b | HK$109.1b | HK$25.0b | 18.6x | 18.4x | 4.2x |
| Sun, 19 Jun 2022 | HK$478.1b | HK$109.1b | HK$25.0b | 19.3x | 19.1x | 4.4x |
| Tue, 17 May 2022 | HK$519.2b | HK$109.1b | HK$25.0b | 20.8x | 20.8x | 4.8x |
| Thu, 14 Apr 2022 | HK$510.9b | HK$109.4b | HK$25.0b | 20.5x | 20.4x | 4.7x |
| Sat, 12 Mar 2022 | HK$501.3b | HK$108.9b | HK$25.1b | 17x | 20x | 4.6x |
| Mon, 07 Feb 2022 | HK$490.6b | HK$106.2b | HK$27.1b | 15.9x | 18.1x | 4.6x |
| Wed, 05 Jan 2022 | HK$492.7b | HK$106.2b | HK$27.1b | 16x | 18.2x | 4.6x |
| Fri, 03 Dec 2021 | HK$475.7b | HK$106.2b | HK$27.1b | 15.4x | 17.6x | 4.5x |
| Sun, 31 Oct 2021 | HK$482.7b | HK$106.5b | HK$26.7b | 15.8x | 18.1x | 4.5x |
| Tue, 28 Sep 2021 | HK$465.5b | HK$106.4b | HK$26.7b | 14.9x | 17.5x | 4.4x |
| Thu, 26 Aug 2021 | HK$492.5b | HK$106.4b | HK$26.7b | 16.2x | 18.5x | 4.6x |
| Fri, 02 Jul 2021 | HK$484.3b | HK$106.4b | HK$26.7b | 15.8x | 18.2x | 4.6x |
| Mon, 05 Apr 2021 | HK$475.8b | HK$104.8b | HK$27.1b | 15.7x | 17.5x | 4.5x |
| Thu, 07 Jan 2021 | HK$445.1b | HK$103.3b | HK$27.6b | 14.5x | 16.1x | 4.3x |
| Wed, 30 Sep 2020 | HK$432.1b | HK$103.3b | HK$27.2b | 13.6x | 15.9x | 4.2x |
| Sat, 04 Jul 2020 | HK$456.6b | HK$103.2b | HK$26.9b | 14.8x | 17x | 4.4x |
| Tue, 07 Apr 2020 | HK$452.0b | HK$106.2b | HK$25.5b | 13.6x | 17.7x | 4.3x |
| Fri, 10 Jan 2020 | HK$538.8b | HK$109.2b | HK$24.2b | 15.9x | 22.3x | 4.9x |
Price to Earnings Ratio
21.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Electric Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.5x which is higher than its 3-year average PE of 18.8x.
- The 3-year average PS ratio of 4.4x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have declined 11% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 industry?
| HK Market | 4.53% | |
| Utilities | 1.17% | |
| Electric Utilities | -0.99% | |
| Electric Utilities | -0.99% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2638 HK Electric Investments and HK Electric Investments | HK$5.77 | 0.9% +HK$441.8m | -24.8% | PE17.3x |
