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Hong Kong (HSI) Renewable Energy Industry Analysis

UpdatedApr 13, 2024
DataAggregated Company Financials
Companies24
  • 7D8.9%
  • 3M14.9%
  • 1Y-1.0%
  • YTD15.4%

The Renewable Energy industry is up 8.9% in the last week, with Huaneng Power International up 16%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Hong Kong Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Apr 2024HK$796.9bHK$904.1bHK$53.2b9x15x0.9x
Wed, 13 Mar 2024HK$754.3bHK$916.4bHK$53.0b8.1x14.2x0.8x
Fri, 09 Feb 2024HK$712.0bHK$923.0bHK$53.4b8.2x13.3x0.8x
Sun, 07 Jan 2024HK$698.8bHK$919.3bHK$53.2b8.1x13.1x0.8x
Tue, 05 Dec 2023HK$658.0bHK$920.0bHK$53.2b7.5x12.4x0.7x
Thu, 02 Nov 2023HK$661.2bHK$899.4bHK$53.0b7.8x12.5x0.7x
Sat, 30 Sep 2023HK$679.7bHK$903.5bHK$41.3b8.4x16.5x0.8x
Mon, 28 Aug 2023HK$695.1bHK$894.5bHK$39.7b8.8x17.5x0.8x
Wed, 26 Jul 2023HK$735.9bHK$892.9bHK$30.1b8.2x24.4x0.8x
Fri, 23 Jun 2023HK$678.4bHK$890.9bHK$30.1b8.9x22.6x0.8x
Sun, 21 May 2023HK$706.2bHK$907.0bHK$30.5b9.3x23.2x0.8x
Tue, 18 Apr 2023HK$713.3bHK$923.3bHK$25.8b9x27.6x0.8x
Thu, 16 Mar 2023HK$697.6bHK$896.0b-HK$12,774,656,712.008.4x-54.6x0.8x
Sat, 11 Feb 2023HK$711.8bHK$902.5b-HK$12,733,118,306.008.9x-55.9x0.8x
Mon, 09 Jan 2023HK$711.7bHK$895.0b-HK$12,571,427,185.009.1x-56.6x0.8x
Wed, 07 Dec 2022HK$637.9bHK$878.0b-HK$12,188,015,326.008.5x-52.3x0.7x
Fri, 04 Nov 2022HK$557.5bHK$853.7b-HK$11,613,864,966.008.1x-48x0.7x
Sun, 02 Oct 2022HK$618.2bHK$835.8b-HK$17,585,618,984.007.9x-35.2x0.7x
Tue, 30 Aug 2022HK$730.5bHK$862.2b-HK$19,430,136,099.0010.1x-37.6x0.8x
Thu, 28 Jul 2022HK$681.1bHK$852.3b-HK$12,312,623,524.007.9x-55.3x0.8x
Sat, 25 Jun 2022HK$720.1bHK$859.4b-HK$12,613,210,706.008x-57.1x0.8x
Mon, 23 May 2022HK$721.5bHK$859.9b-HK$12,543,511,782.008.7x-57.5x0.8x
Wed, 20 Apr 2022HK$730.0bHK$873.3b-HK$3,898,830,926.008.5x-187.2x0.8x
Fri, 18 Mar 2022HK$737.9bHK$844.1bHK$28.2b8.7x26.2x0.9x
Sun, 13 Feb 2022HK$831.2bHK$833.3bHK$34.7b11.4x23.9x1x
Tue, 11 Jan 2022HK$807.6bHK$830.8bHK$34.7b10.8x23.3x1x
Thu, 09 Dec 2021HK$833.7bHK$831.7bHK$34.7b9.8x24x1x
Sat, 06 Nov 2021HK$775.3bHK$826.9bHK$34.7b10x22.3x0.9x
Mon, 04 Oct 2021HK$897.4bHK$804.3bHK$49.7b10.1x18x1.1x
Wed, 01 Sep 2021HK$708.4bHK$801.4bHK$48.8b10.4x14.5x0.9x
Thu, 08 Jul 2021HK$599.8bHK$801.4bHK$48.8b9.1x12.3x0.7x
Price to Earnings Ratio

11.1x


Total Market Cap: HK$558.3bTotal Earnings: HK$50.5bTotal Revenue: HK$761.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Renewable Energy Industry Price to Earnings3Y Average -7.5x202220232024
Current Industry PE
  • Investors are pessimistic on the Hong Kong Renewable Energy 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 15.0x which is higher than its 3-year average PE of -7.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.9% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities industry?

HK Market0.87%
Utilities5.30%
Renewable Energy8.94%
Independent Power Producers and Energy Traders9.76%
Renewable Energy5.87%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 17.2x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 0.2% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.0x.
Forecasted Growth
  • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 22% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
902 Huaneng Power InternationalHK$5.2116.3%
+HK$11.5b
15.3%PE13.7x
1071 Huadian Power InternationalHK$4.7216.0%
+HK$6.6b
32.2%PE12.7x
836 China Resources Power HoldingsHK$19.327.2%
+HK$6.3b
8.9%PE8.4x
1816 CGN PowerHK$2.465.1%
+HK$6.1b
25.5%PE10.7x
916 China Longyuan Power GroupHK$5.797.2%
+HK$3.3b
-35.5%PE7.3x
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Latest News

1071

HK$4.72

Huadian Power International

7D

16.0%

1Y

32.2%

295

HK$0.018

Kong Sun Holdings

7D

-5.3%

1Y

-71.0%

902

HK$5.21

Huaneng Power International

7D

16.3%

1Y

15.3%

987

HK$0.13

China Renewable Energy Investment

7D

-4.4%

1Y

-32.1%

1165

HK$0.019

Shunfeng International Clean Energy

7D

-13.6%

1Y

-51.3%

1811

HK$2.30

CGN New Energy Holdings

7D

14.4%

1Y

-10.9%

451

HK$0.34

GCL New Energy Holdings

7D

-5.6%

1Y

-46.0%