Here's What's Concerning About Beijing Energy International Holding's (HKG:686) Returns On Capital
Nov 18
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Hong Kong (HSI) Renewable Energy Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies24
- 7D1.4%
- 3M-11.7%
- 1Y16.8%
- YTD12.7%
In the last week, the Renewable Energy industry is up 1.4%, with CGN Power up 3.7%. Meanwhile, Beijing Energy International Holding actually underperformed within the industry, shrinking 29% in the last week. In the last 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Hong Kong Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$769.7b | HK$893.1b | HK$54.3b | 8.3x | 14.2x | 0.9x |
| Sat, 19 Oct 2024 | HK$754.1b | HK$898.7b | HK$58.3b | 8.5x | 12.9x | 0.8x |
| Mon, 16 Sep 2024 | HK$686.1b | HK$902.4b | HK$58.5b | 7.4x | 11.7x | 0.8x |
| Wed, 14 Aug 2024 | HK$794.8b | HK$901.5b | HK$56.1b | 8.9x | 14.2x | 0.9x |
| Fri, 12 Jul 2024 | HK$844.4b | HK$901.0b | HK$57.2b | 9.1x | 14.8x | 0.9x |
| Sun, 09 Jun 2024 | HK$862.2b | HK$902.7b | HK$57.9b | 10x | 14.9x | 1x |
| Tue, 07 May 2024 | HK$787.6b | HK$906.8b | HK$58.3b | 9.1x | 13.5x | 0.9x |
| Thu, 04 Apr 2024 | HK$768.0b | HK$903.5b | HK$53.1b | 9.1x | 14.5x | 0.9x |
| Sat, 02 Mar 2024 | HK$730.0b | HK$914.9b | HK$53.0b | 8.5x | 13.8x | 0.8x |
| Mon, 29 Jan 2024 | HK$711.0b | HK$918.7b | HK$53.1b | 8.1x | 13.4x | 0.8x |
| Wed, 27 Dec 2023 | HK$673.6b | HK$919.6b | HK$53.2b | 8x | 12.7x | 0.7x |
| Fri, 24 Nov 2023 | HK$666.5b | HK$917.8b | HK$53.1b | 8x | 12.6x | 0.7x |
| Sun, 22 Oct 2023 | HK$651.6b | HK$901.2b | HK$41.2b | 7.4x | 15.8x | 0.7x |
| Tue, 19 Sep 2023 | HK$687.2b | HK$902.9b | HK$41.2b | 8.5x | 16.7x | 0.8x |
| Thu, 17 Aug 2023 | HK$718.8b | HK$888.5b | HK$35.8b | 9.4x | 20.1x | 0.8x |
| Sat, 15 Jul 2023 | HK$769.3b | HK$893.9b | HK$30.2b | 8.2x | 25.5x | 0.9x |
| Mon, 12 Jun 2023 | HK$715.4b | HK$897.0b | HK$30.2b | 9.4x | 23.7x | 0.8x |
| Wed, 10 May 2023 | HK$725.2b | HK$919.6b | HK$30.8b | 9.7x | 23.6x | 0.8x |
| Fri, 07 Apr 2023 | HK$662.6b | HK$922.8b | HK$24.9b | 9.7x | 26.6x | 0.7x |
| Sun, 05 Mar 2023 | HK$693.3b | HK$891.9b | -HK$12,680,594,232.00 | 8.6x | -54.7x | 0.8x |
| Tue, 31 Jan 2023 | HK$675.2b | HK$907.7b | -HK$12,857,466,293.00 | 8.9x | -52.5x | 0.7x |
| Thu, 29 Dec 2022 | HK$644.7b | HK$878.6b | -HK$12,196,942,817.00 | 8.5x | -52.9x | 0.7x |
| Sat, 26 Nov 2022 | HK$640.9b | HK$862.3b | -HK$11,817,144,757.00 | 8.5x | -54.2x | 0.7x |
| Mon, 24 Oct 2022 | HK$663.0b | HK$824.3b | -HK$17,287,776,140.00 | 8.5x | -38.3x | 0.8x |
| Wed, 21 Sep 2022 | HK$685.0b | HK$847.1b | -HK$17,933,390,392.00 | 8.6x | -38.2x | 0.8x |
| Fri, 19 Aug 2022 | HK$699.7b | HK$865.3b | -HK$17,630,793,190.00 | 7.9x | -39.7x | 0.8x |
| Sun, 17 Jul 2022 | HK$713.4b | HK$853.0b | -HK$12,331,662,944.00 | 8.2x | -57.8x | 0.8x |
| Tue, 14 Jun 2022 | HK$688.4b | HK$858.2b | -HK$12,500,491,623.00 | 8.1x | -55.1x | 0.8x |
| Thu, 12 May 2022 | HK$688.3b | HK$855.6b | -HK$12,129,083,787.00 | 8.7x | -56.7x | 0.8x |
| Sat, 09 Apr 2022 | HK$744.8b | HK$873.7b | -HK$3,904,691,635.00 | 8.4x | -190.7x | 0.9x |
| Mon, 07 Mar 2022 | HK$805.8b | HK$839.4b | HK$35.1b | 10x | 22.9x | 1x |
| Wed, 02 Feb 2022 | HK$776.7b | HK$832.5b | HK$34.7b | 10.3x | 22.4x | 0.9x |
| Fri, 31 Dec 2021 | HK$922.7b | HK$831.6b | HK$34.7b | 10.4x | 26.6x | 1.1x |
| Sun, 28 Nov 2021 | HK$731.1b | HK$829.2b | HK$34.6b | 10.4x | 21.1x | 0.9x |
Price to Earnings Ratio
21.1x
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 14.2x which is higher than its 3-year average PE of -7.3x.
- 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 grown 16% per year over the last three years.
- Revenues for these companies have grown 2.5% 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 industry?
| HK Market | 0.42% | |
| Utilities | 0.66% | |
| Renewable Energy | 1.40% | |
| Renewable Energy | 1.64% | |
| Independent Power Producers and Energy Traders | 1.31% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 16.9x.
- Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings decline of 2.2% 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 3.2x.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 17% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1816 CGN Power | HK$2.84 | 5.6% +HK$7.6b | 51.1% | PE12.1x | |
| 836 China Resources Power Holdings | HK$18.30 | 3.5% +HK$3.1b | 15.8% | PE6.7x | |
| 916 China Longyuan Power Group | HK$6.70 | 2.8% +HK$1.5b | 3.1% | PE9.4x | |
| 902 Huaneng Power International | HK$4.16 | 2.0% +HK$1.3b | 8.3% | PE18x | |
| 991 Datang International Power Generation | HK$1.45 | 2.8% +HK$740.3m | 18.9% | PE8.4x |
