China Power International Development (HKG:2380) Is Reinvesting At Lower Rates Of Return
Feb 04
Hong Kong (HSI) Renewable Energy Industry Analysis
UpdatedFeb 05, 2023
DataAggregated Company Financials
Companies24
- 7D-0.1%
- 3M20.5%
- 1Y-16.6%
- YTD-0.2%
Last week, the Renewable Energy industry hasn't moved much but Huaneng Power International is up 4.0% in that time. Unfortunately though, the industry is down 17% over the past 12 months. Looking forward, earnings are forecast to grow by 31% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 05 Feb 2023 | HK$691.5b | HK$906.2b | -HK$12,820,344,567.00 | 8.9x | -53.9x | 0.8x |
| Tue, 03 Jan 2023 | HK$656.9b | HK$888.2b | -HK$12,408,711,058.00 | 8.4x | -52.9x | 0.7x |
| Thu, 01 Dec 2022 | HK$635.6b | HK$861.6b | -HK$11,800,348,511.00 | 8.5x | -53.9x | 0.7x |
| Sat, 29 Oct 2022 | HK$582.9b | HK$852.8b | -HK$13,413,218,715.00 | 8.2x | -43.5x | 0.7x |
| Mon, 26 Sep 2022 | HK$661.1b | HK$835.1b | -HK$17,563,120,024.00 | 8.3x | -37.6x | 0.8x |
| Wed, 24 Aug 2022 | HK$740.1b | HK$858.4b | -HK$17,418,187,149.00 | 8.5x | -42.5x | 0.9x |
| Fri, 22 Jul 2022 | HK$699.9b | HK$852.0b | -HK$12,304,538,660.00 | 8.2x | -56.9x | 0.8x |
| Sun, 19 Jun 2022 | HK$688.6b | HK$857.4b | -HK$12,479,635,783.00 | 8x | -55.2x | 0.8x |
| Tue, 17 May 2022 | HK$682.9b | HK$850.1b | -HK$11,902,259,909.00 | 8.6x | -57.4x | 0.8x |
| Thu, 14 Apr 2022 | HK$710.3b | HK$873.0b | -HK$3,895,648,541.00 | 8.4x | -182.3x | 0.8x |
| Sat, 12 Mar 2022 | HK$791.2b | HK$838.4b | HK$34.9b | 9.5x | 22.7x | 0.9x |
| Mon, 07 Feb 2022 | HK$790.9b | HK$831.8b | HK$34.7b | 10.6x | 22.8x | 1x |
| Wed, 05 Jan 2022 | HK$908.3b | HK$833.5b | HK$34.7b | 11.1x | 26.1x | 1.1x |
| Fri, 03 Dec 2021 | HK$768.6b | HK$831.2b | HK$34.7b | 10x | 22.2x | 0.9x |
| Sun, 31 Oct 2021 | HK$823.9b | HK$825.2b | HK$37.7b | 9.7x | 21.8x | 1x |
| Tue, 28 Sep 2021 | HK$860.2b | HK$802.2b | HK$49.6b | 9.9x | 17.3x | 1.1x |
| Thu, 26 Aug 2021 | HK$685.9b | HK$801.4b | HK$48.8b | 10.7x | 14.1x | 0.9x |
| Fri, 02 Jul 2021 | HK$599.8b | HK$801.4b | HK$48.8b | 9.1x | 12.3x | 0.7x |
| Mon, 05 Apr 2021 | HK$569.4b | HK$761.4b | HK$50.5b | 8x | 11.3x | 0.7x |
| Thu, 07 Jan 2021 | HK$535.0b | HK$721.4b | HK$45.5b | 8.1x | 11.8x | 0.7x |
| Wed, 30 Sep 2020 | HK$484.6b | HK$687.2b | HK$43.1b | 6.8x | 11.2x | 0.7x |
| Sat, 04 Jul 2020 | HK$442.1b | HK$660.6b | HK$37.2b | 7x | 11.9x | 0.7x |
| Tue, 07 Apr 2020 | HK$438.0b | HK$658.2b | HK$32.9b | 7x | 13.3x | 0.7x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
- Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 10% 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 | -3.43% | |
| Utilities | -1.17% | |
| Renewable Energy | -0.098% | |
| Independent Power Producers and Energy Traders | 0.42% | |
| Renewable Energy | -1.67% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 17.9x.
- Analysts are expecting annual earnings growth of 17.4%, which is higher than its past year's earnings growth of 11.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Renewable Energy 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 902 Huaneng Power International | HK$3.92 | 4.0% +HK$2.4b | -5.3% | PS0.2x | |
| 991 Datang International Power Generation | HK$1.38 | 4.5% +HK$1.1b | -6.8% | PS0.2x | |
| 1816 CGN Power | HK$1.88 | 1.1% +HK$1.0b | -15.3% | PE8.4x | |
| 1381 Canvest Environmental Protection Group | HK$4.22 | 3.4% +HK$341.5m | 1.0% | PE7x | |
| 1165 Shunfeng International Clean Energy | HK$0.042 | 5.0% +HK$10.2m | -26.3% | PS0.4x |
