Hong Kong (HSI) Electric Utilities Industry Analysis

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
Fri, 26 Apr 2024	HK$411.1b	HK$112.0b	HK$24.2b	15.1x	17x	3.7x
Sun, 24 Mar 2024	HK$420.5b	HK$112.0b	HK$24.2b	14.1x	17.4x	3.8x
Tue, 20 Feb 2024	HK$420.6b	HK$121.4b	HK$27.5b	14.4x	15.3x	3.5x
Thu, 18 Jan 2024	HK$398.2b	HK$121.4b	HK$27.5b	14x	14.5x	3.3x
Sat, 16 Dec 2023	HK$407.3b	HK$121.5b	HK$27.5b	14x	14.8x	3.4x
Mon, 13 Nov 2023	HK$357.9b	HK$121.4b	HK$27.5b	12.3x	13x	2.9x
Wed, 11 Oct 2023	HK$356.1b	HK$121.4b	HK$27.5b	12.5x	12.9x	2.9x
Fri, 08 Sep 2023	HK$369.9b	HK$121.4b	HK$27.5b	12.9x	13.4x	3x
Sun, 06 Aug 2023	HK$386.6b	HK$125.3b	HK$17.6b	13.6x	21.9x	3.1x
Tue, 04 Jul 2023	HK$390.8b	HK$124.6b	HK$17.6b	13.8x	22.2x	3.1x
Thu, 01 Jun 2023	HK$386.5b	HK$124.7b	HK$17.6b	14.1x	21.9x	3.1x
Sat, 29 Apr 2023	HK$401.1b	HK$124.9b	HK$17.6b	14.7x	22.8x	3.2x
Mon, 27 Mar 2023	HK$385.4b	HK$124.6b	HK$17.6b	15.3x	21.9x	3.1x
Wed, 22 Feb 2023	HK$392.3b	HK$115.0b	HK$17.7b	13.2x	22.2x	3.4x
Fri, 20 Jan 2023	HK$399.5b	HK$115.0b	HK$17.7b	13.4x	22.6x	3.5x
Sun, 18 Dec 2022	HK$371.9b	HK$114.9b	HK$17.7b	12.4x	21.1x	3.2x
Tue, 15 Nov 2022	HK$375.8b	HK$114.8b	HK$17.7b	11.8x	21.3x	3.3x
Thu, 13 Oct 2022	HK$355.0b	HK$114.8b	HK$17.7b	11.2x	20.1x	3.1x
Sat, 10 Sep 2022	HK$429.1b	HK$115.2b	HK$17.3b	13.6x	24.8x	3.7x
Mon, 08 Aug 2022	HK$461.4b	HK$108.5b	HK$26.8b	17.9x	17.2x	4.3x
Wed, 06 Jul 2022	HK$461.7b	HK$109.1b	HK$25.0b	18.4x	18.5x	4.2x
Fri, 03 Jun 2022	HK$505.7b	HK$109.1b	HK$25.0b	20.4x	20.2x	4.6x
Sun, 01 May 2022	HK$509.9b	HK$109.2b	HK$25.0b	20.6x	20.4x	4.7x
Tue, 29 Mar 2022	HK$506.6b	HK$109.3b	HK$25.0b	20.2x	20.2x	4.6x
Thu, 24 Feb 2022	HK$496.1b	HK$106.6b	HK$26.7b	16.1x	18.6x	4.7x
Sat, 22 Jan 2022	HK$489.4b	HK$106.2b	HK$27.1b	16x	18.1x	4.6x
Mon, 20 Dec 2021	HK$486.1b	HK$106.2b	HK$27.1b	16.1x	18x	4.6x
Wed, 17 Nov 2021	HK$479.7b	HK$106.2b	HK$27.1b	15.8x	17.7x	4.5x
Fri, 15 Oct 2021	HK$463.3b	HK$106.4b	HK$26.7b	14.8x	17.4x	4.4x
Sun, 12 Sep 2021	HK$477.5b	HK$106.4b	HK$26.7b	15.4x	17.9x	4.5x
Tue, 10 Aug 2021	HK$489.3b	HK$106.4b	HK$26.7b	16.1x	18.4x	4.6x
Mon, 03 May 2021	HK$486.7b	HK$104.8b	HK$27.1b	16.3x	17.9x	4.6x

Current Industry PE

Investors are pessimistic on the Hong Kong Electric 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 17.0x which is lower than its 3-year average PE of 18.9x.

The industry is trading close to its 3-year average PS ratio of 3.8x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have declined 3.7% per year over the last three years.
Meanwhile revenues for these companies have grown 2.2% 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 industry?


HK Market	3.52%
Utilities	3.34%
Electric Utilities	4.62%
Electric Utilities	4.62%

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
2 CLP Holdings	HK$62.55	4.8% +HK$7.2b	7.1%	PE23.7x
1038 CK Infrastructure Holdings	HK$44.80	5.2% +HK$5.5b	0.4%	PE14.1x
6 Power Assets Holdings	HK$45.10	4.2% +HK$3.8b	0.7%	PE16x
2638 HK Electric Investments and HK Electric Investments	HK$4.73	3.7% +HK$1.5b	-4.4%	PE13.2x
1671 Tianjin Tianbao Energy	HK$0.51	18.6% +HK$12.8m	-1.9%	PE292.6x

Company

Last Price

Valuation

2 CLP Holdings

HK$62.55

4.8%
+HK$7.2b

7.1%

PE23.7x

1038 CK Infrastructure Holdings

HK$44.80

5.2%
+HK$5.5b

0.4%