We Think That There Are Issues Underlying Sichuan Energy Investment Development's (HKG:1713) Earnings
Sep 26
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- 7D-2.1%
- 3M12.5%
- 1Y17.5%
- YTD9.2%
Over the last 7 days, the Electric Utilities industry has dropped 2.1%, driven by pullbacks in CLP Holdings and CK Infrastructure Holdings of 2.0% and 2.0%, respectively. On the other hand Sichuan Energy Investment Development is actually up 6.6%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 4.7% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 14 Mar 2026 | HK$542.6b | HK$112.6b | HK$28.4b | 18.5x | 19.1x | 4.8x |
| Mon, 09 Feb 2026 | HK$550.2b | HK$114.3b | HK$29.4b | 17.9x | 18.7x | 4.8x |
| Wed, 07 Jan 2026 | HK$504.2b | HK$114.2b | HK$29.4b | 16.7x | 17.2x | 4.4x |
| Fri, 05 Dec 2025 | HK$482.9b | HK$114.1b | HK$29.3b | 16.1x | 16.5x | 4.2x |
| Sun, 02 Nov 2025 | HK$456.3b | HK$114.1b | HK$29.3b | 15.1x | 15.6x | 4x |
| Tue, 30 Sep 2025 | HK$453.3b | HK$114.1b | HK$29.3b | 15.1x | 15.4x | 4x |
| Thu, 28 Aug 2025 | HK$460.6b | HK$114.0b | HK$29.3b | 15.4x | 15.7x | 4x |
| Sat, 26 Jul 2025 | HK$471.1b | HK$115.6b | HK$29.5b | 17x | 16x | 4.1x |
| Mon, 23 Jun 2025 | HK$458.5b | HK$115.6b | HK$29.5b | 16.1x | 15.5x | 4x |
| Wed, 21 May 2025 | HK$464.5b | HK$115.5b | HK$29.5b | 16.2x | 15.7x | 4x |
| Fri, 18 Apr 2025 | HK$442.0b | HK$115.6b | HK$29.5b | 15.2x | 15x | 3.8x |
| Sun, 16 Mar 2025 | HK$453.7b | HK$115.6b | HK$29.4b | 16x | 15.4x | 3.9x |
| Tue, 11 Feb 2025 | HK$445.7b | HK$112.5b | HK$25.2b | 16.8x | 17.7x | 4x |
| Thu, 09 Jan 2025 | HK$461.4b | HK$112.5b | HK$25.2b | 17.9x | 18.3x | 4.1x |
| Sat, 07 Dec 2024 | HK$459.6b | HK$112.5b | HK$25.2b | 17.5x | 18.2x | 4.1x |
| Mon, 04 Nov 2024 | HK$466.9b | HK$112.7b | HK$25.2b | 17.7x | 18.5x | 4.1x |
| Wed, 02 Oct 2024 | HK$463.1b | HK$112.7b | HK$25.2b | 17x | 18.4x | 4.1x |
| Fri, 30 Aug 2024 | HK$487.2b | HK$112.7b | HK$25.2b | 18.5x | 19.3x | 4.3x |
| Sun, 28 Jul 2024 | HK$450.8b | HK$112.0b | HK$24.2b | 16.9x | 18.6x | 4x |
| Tue, 25 Jun 2024 | HK$402.6b | HK$112.0b | HK$24.2b | 14.3x | 16.6x | 3.6x |
| Thu, 23 May 2024 | HK$434.6b | HK$112.0b | HK$24.2b | 15.9x | 18x | 3.9x |
| Sat, 20 Apr 2024 | HK$393.0b | HK$112.0b | HK$24.2b | 14.3x | 16.2x | 3.5x |
| Mon, 18 Mar 2024 | HK$420.9b | HK$112.8b | HK$23.4b | 14.7x | 18x | 3.7x |
| Wed, 14 Feb 2024 | HK$419.1b | HK$121.4b | HK$27.5b | 14.4x | 15.2x | 3.5x |
| Fri, 12 Jan 2024 | HK$405.7b | HK$121.5b | HK$27.5b | 14.3x | 14.7x | 3.3x |
| Sun, 10 Dec 2023 | HK$384.7b | HK$121.4b | HK$27.5b | 13.1x | 14x | 3.2x |
| Tue, 07 Nov 2023 | HK$371.6b | HK$121.4b | HK$27.5b | 12.8x | 13.5x | 3.1x |
| Thu, 05 Oct 2023 | HK$362.0b | HK$121.4b | HK$27.5b | 12.2x | 13.1x | 3x |
| Sat, 02 Sep 2023 | HK$379.9b | HK$121.4b | HK$27.5b | 13.2x | 13.8x | 3.1x |
| Mon, 31 Jul 2023 | HK$397.5b | HK$124.7b | HK$17.6b | 14x | 22.6x | 3.2x |
| Wed, 28 Jun 2023 | HK$386.5b | HK$124.7b | HK$17.6b | 13.7x | 21.9x | 3.1x |
| Fri, 26 May 2023 | HK$388.1b | HK$124.8b | HK$17.6b | 14.2x | 22x | 3.1x |
| Sun, 23 Apr 2023 | HK$394.5b | HK$124.9b | HK$17.6b | 14.5x | 22.4x | 3.2x |
| Tue, 21 Mar 2023 | HK$388.0b | HK$124.6b | HK$17.6b | 15.1x | 22.1x | 3.1x |
Price to Earnings Ratio
22.1x
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 19.1x which is higher than its 3-year average PE of 17.2x.
- The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have grown 17% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.3% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Hong Kong Utilities industry?
| HK Market | 1.72% | |
| Utilities | 1.81% | |
| Electric Utilities | -2.09% | |
| Electric Utilities | -2.09% | |
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 | |
|---|---|---|---|---|---|
| 1713 Sichuan Energy Investment Development | HK$2.74 | 6.6% +HK$182.6m | 24.0% | PE6.4x |