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Hong Kong (HSI) Renewable Energy Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies23
  • 7D-0.7%
  • 3M14.6%
  • 1Y-4.2%
  • YTD10.5%

Over the last 7 days, the Renewable Energy industry has remained flat, although notably China Resources Power Holdings gained 3.2%. As for the longer term, the industry has declined 4.2% in the last year. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024HK$763.3bHK$914.1bHK$52.4b8.6x14.6x0.8x
Thu, 15 Feb 2024HK$704.2bHK$915.3bHK$53.0b7.8x13.3x0.8x
Sat, 13 Jan 2024HK$701.0bHK$917.3bHK$53.1b8.2x13.2x0.8x
Mon, 11 Dec 2023HK$659.8bHK$916.3bHK$53.0b7.6x12.4x0.7x
Wed, 08 Nov 2023HK$659.1bHK$902.5bHK$52.7b7.6x12.5x0.7x
Fri, 06 Oct 2023HK$679.9bHK$903.2bHK$41.2b7.3x16.5x0.8x
Sun, 03 Sep 2023HK$685.1bHK$909.3bHK$41.5b7.8x16.5x0.8x
Tue, 01 Aug 2023HK$736.4bHK$900.9bHK$36.3b8.1x20.3x0.8x
Thu, 29 Jun 2023HK$729.3bHK$884.6bHK$29.9b7.6x24.4x0.8x
Sat, 27 May 2023HK$713.5bHK$903.3bHK$30.4b8.5x23.5x0.8x
Mon, 24 Apr 2023HK$687.1bHK$920.7bHK$25.0b9x27.5x0.7x
Wed, 22 Mar 2023HK$686.7bHK$898.7b-HK$12,553,023,759.008.3x-54.7x0.8x
Fri, 17 Feb 2023HK$698.8bHK$897.1b-HK$12,600,105,007.008.9x-55.5x0.8x
Sun, 15 Jan 2023HK$672.0bHK$910.1b-HK$12,917,422,263.008.7x-52x0.7x
Tue, 13 Dec 2022HK$607.6bHK$877.1b-HK$12,165,437,152.008.3x-49.9x0.7x
Thu, 10 Nov 2022HK$589.1bHK$856.6b-HK$11,689,563,806.008.3x-50.4x0.7x
Sat, 08 Oct 2022HK$621.0bHK$836.4b-HK$17,606,828,424.007.8x-35.3x0.7x
Mon, 05 Sep 2022HK$714.5bHK$856.0b-HK$18,007,725,071.008.7x-39.7x0.8x
Wed, 03 Aug 2022HK$640.4bHK$852.3b-HK$12,251,839,467.007.6x-52.3x0.8x
Fri, 01 Jul 2022HK$724.5bHK$858.8b-HK$12,482,252,441.008.2x-58x0.8x
Sun, 29 May 2022HK$704.2bHK$859.3b-HK$12,526,920,186.008.5x-56.2x0.8x
Tue, 26 Apr 2022HK$694.5bHK$858.2b-HK$3,112,617,269.008.3x-223.1x0.8x
Thu, 24 Mar 2022HK$741.8bHK$866.3bHK$18.7b9x39.7x0.9x
Sat, 19 Feb 2022HK$785.6bHK$835.2bHK$34.8b10x22.6x0.9x
Mon, 17 Jan 2022HK$814.1bHK$832.3bHK$34.7b10.7x23.5x1x
Wed, 15 Dec 2021HK$866.8bHK$832.7bHK$34.7b9.9x25x1x
Fri, 12 Nov 2021HK$736.4bHK$828.6bHK$34.6b9.6x21.3x0.9x
Sun, 10 Oct 2021HK$823.8bHK$804.5bHK$49.7b9.6x16.6x1x
Tue, 07 Sep 2021HK$775.6bHK$801.4bHK$49.6b11.9x15.6x1x
Thu, 05 Aug 2021HK$629.3bHK$801.4bHK$48.8b8.7x12.9x0.8x
Sun, 09 May 2021HK$558.3bHK$761.4bHK$50.5b8.4x11.1x0.7x
Price to Earnings Ratio

11.3x


Total Market Cap: HK$569.4bTotal 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 -7.6x202220232024
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 14.6x which is higher than its 3-year average PE of -7.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
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 6.3% 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 Market1.55%
Utilities0.46%
Renewable Energy-0.69%
Independent Power Producers and Energy Traders-0.028%
Renewable Energy-2.93%
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 18.8%, which is higher than its past year's earnings decline of 7.4% 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 2.9x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 7.4% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 17% 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
836 China Resources Power HoldingsHK$18.923.2%
+HK$2.8b
16.2%PE9.7x
1071 Huadian Power InternationalHK$4.364.3%
+HK$1.8b
37.1%PE30.2x
2380 China Power International DevelopmentHK$3.463.0%
+HK$1.2b
11.3%PE11.7x
902 Huaneng Power InternationalHK$4.771.1%
+HK$784.9m
15.8%PE10x
1381 Canvest Environmental Protection GroupHK$4.156.4%
+HK$609.9m
7.0%PE8.7x
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Latest News

1257

HK$0.79

China Everbright Greentech

7D

-1.3%

1Y

-46.6%

686

HK$0.091

Beijing Energy International Holding

7D

-15.0%

1Y

-51.3%

1165

HK$0.022

Shunfeng International Clean Energy

7D

-15.4%

1Y

-45.0%

1798

HK$1.80

China Datang Corporation Renewable Power

7D

-2.7%

1Y

-32.6%

451

HK$0.36

GCL New Energy Holdings

7D

-2.7%

1Y

-50.7%

1250

HK$2.03

Shandong Hi-Speed New Energy Group

7D

5.2%

1Y

-38.5%

1811

HK$2.09

CGN New Energy Holdings

7D

1.5%

1Y

-20.2%

90

HK$0.35

Puxing Energy

7D

-1.4%

1Y

-43.5%

836

HK$18.92

China Resources Power Holdings

7D

3.2%

1Y

16.2%

3868

HK$1.17

Xinyi Energy Holdings

7D

1.7%

1Y

-49.6%

182

HK$0.66

Concord New Energy Group

7D

-1.5%

1Y

-5.7%

1381

HK$4.15

Canvest Environmental Protection Group

7D

6.4%

1Y

7.0%

1071

HK$4.36

Huadian Power International

7D

4.3%

1Y

37.1%

916

HK$5.72

China Longyuan Power Group

7D

-4.5%

1Y

-39.0%

902

HK$4.77

Huaneng Power International

7D

1.1%

1Y

15.8%