Canvest Environmental Protection Group (HKG:1381) Use Of Debt Could Be Considered Risky
Nov 28
Hong Kong (HSI) Renewable Energy Industry Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies14
- 7D-8.6%
- 3M-10.7%
- 1Y-35.5%
- YTD-42.3%
Over the last 7 days, the Renewable Energy industry has dropped 8.6%, driven by a pullback from China Longyuan Power Group of 9.8%. However, the industry is down 36% over the past year. Looking forward, earnings are forecast to grow by 19% 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, 03 Dec 2023 | HK$175.7b | HK$91.2b | HK$12.2b | 7.4x | 14.4x | 1.9x |
| Tue, 31 Oct 2023 | HK$187.0b | HK$87.4b | HK$12.4b | 7.7x | 15.1x | 2.1x |
| Thu, 28 Sep 2023 | HK$182.4b | HK$87.7b | HK$12.2b | 8.1x | 15x | 2.1x |
| Sat, 26 Aug 2023 | HK$184.0b | HK$88.9b | HK$11.0b | 9.3x | 16.7x | 2.1x |
| Mon, 24 Jul 2023 | HK$208.1b | HK$90.9b | HK$11.3b | 8x | 18.3x | 2.3x |
| Wed, 21 Jun 2023 | HK$140.5b | HK$90.8b | HK$11.4b | 9.5x | 12.4x | 1.5x |
| Fri, 19 May 2023 | HK$143.1b | HK$92.2b | HK$11.5b | 9.7x | 12.4x | 1.6x |
| Sun, 16 Apr 2023 | HK$147.2b | HK$94.1b | HK$12.1b | 9x | 12.2x | 1.6x |
| Tue, 14 Mar 2023 | HK$153.6b | HK$94.1b | HK$9.3b | 9.6x | 16.4x | 1.6x |
| Thu, 09 Feb 2023 | HK$165.8b | HK$94.9b | HK$9.6b | 9.2x | 17.2x | 1.7x |
| Sat, 07 Jan 2023 | HK$174.4b | HK$94.0b | HK$9.5b | 9.6x | 18.3x | 1.9x |
| Mon, 05 Dec 2022 | HK$144.6b | HK$92.0b | HK$9.4b | 8.7x | 15.4x | 1.6x |
| Wed, 02 Nov 2022 | HK$142.2b | HK$89.9b | HK$9.2b | 8.6x | 15.5x | 1.6x |
| Fri, 30 Sep 2022 | HK$147.2b | HK$90.4b | HK$8.9b | 9.9x | 16.5x | 1.6x |
| Sun, 28 Aug 2022 | HK$189.2b | HK$95.4b | HK$9.3b | 12x | 20.4x | 2x |
| Tue, 26 Jul 2022 | HK$187.1b | HK$92.3b | HK$10.0b | 8x | 18.7x | 2x |
| Thu, 23 Jun 2022 | HK$212.2b | HK$92.9b | HK$10.1b | 8x | 21.1x | 2.3x |
| Sat, 21 May 2022 | HK$217.3b | HK$92.7b | HK$10.0b | 8.5x | 21.6x | 2.3x |
| Mon, 18 Apr 2022 | HK$233.0b | HK$96.1b | HK$11.6b | 8.2x | 20x | 2.4x |
| Wed, 16 Mar 2022 | HK$201.6b | HK$92.6b | HK$12.0b | 7.9x | 16.8x | 2.2x |
| Fri, 11 Feb 2022 | HK$234.6b | HK$93.2b | HK$12.0b | 9.4x | 19.5x | 2.5x |
| Sun, 09 Jan 2022 | HK$219.5b | HK$93.1b | HK$12.0b | 9.7x | 18.3x | 2.4x |
| Tue, 07 Dec 2021 | HK$221.2b | HK$93.0b | HK$12.0b | 8.9x | 18.4x | 2.4x |
| Thu, 04 Nov 2021 | HK$239.8b | HK$92.7b | HK$12.0b | 9.4x | 20x | 2.6x |
| Sat, 02 Oct 2021 | HK$259.6b | HK$89.5b | HK$11.7b | 10.3x | 22.2x | 2.9x |
| Mon, 30 Aug 2021 | HK$226.2b | HK$89.5b | HK$10.9b | 9.2x | 20.8x | 2.5x |
| Tue, 06 Jul 2021 | HK$201.4b | HK$89.5b | HK$10.9b | 9.8x | 18.5x | 2.3x |
| Fri, 09 Apr 2021 | HK$165.2b | HK$85.6b | HK$10.4b | 10x | 16x | 1.9x |
| Thu, 31 Dec 2020 | HK$152.4b | HK$81.7b | HK$8.5b | 9.6x | 17.8x | 1.9x |
Price to Earnings Ratio
17.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Renewable Electricity 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 14.4x which is lower than its 3-year average PE of 17.7x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 5.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Renewable Energy compare with similar industries?
| HK Market | -2.96% | |
| Utilities | -2.49% | |
| Renewable Energy | -2.22% | |
| Renewable Energy | -8.60% | |
| Independent Power Producers and Energy Traders | 0.32% | |
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 | |
|---|---|---|---|---|---|
| 1381 Canvest Environmental Protection Group | HK$3.76 | 0.3% +HK$24.4m | -12.6% | PE7.8x | |
| 1185 China Energine International (Holdings) | HK$0.064 | 6.7% +HK$17.5m | -64.4% | PE0.5x | |
| 1004 China Smarter Energy Group Holdings | HK$0.02 | 5.3% +HK$9.4m | n/a | PS1x |
