Investors Met With Slowing Returns on Capital At Xinyi Energy Holdings (HKG:3868)
Jul 23
Hong Kong (HSI) Renewable Energy Industry Analysis
UpdatedJul 24, 2024
DataAggregated Company Financials
Companies14
- 7D-2.0%
- 3M16.8%
- 1Y-15.8%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 2.0%, driven by China Longyuan Power Group declining 2.3%. The industry has fallen 16% in the last year. Looking forward, earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Jul 2024 | HK$165.5b | HK$85.6b | HK$10.4b | 8.9x | 15.9x | 1.9x |
| Fri, 21 Jun 2024 | HK$171.4b | HK$85.4b | HK$11.1b | 9.1x | 15.5x | 2x |
| Sun, 19 May 2024 | HK$171.4b | HK$85.7b | HK$11.2b | 9.2x | 15.3x | 2x |
| Tue, 16 Apr 2024 | HK$164.9b | HK$86.1b | HK$10.9b | 8x | 15.1x | 1.9x |
| Thu, 14 Mar 2024 | HK$173.7b | HK$90.7b | HK$12.2b | 7.7x | 14.3x | 1.9x |
| Sat, 10 Feb 2024 | HK$164.3b | HK$90.7b | HK$12.1b | 6.6x | 13.5x | 1.8x |
| Mon, 08 Jan 2024 | HK$177.4b | HK$91.2b | HK$12.2b | 7.9x | 14.6x | 1.9x |
| Wed, 06 Dec 2023 | HK$171.8b | HK$91.2b | HK$12.2b | 7.1x | 14.1x | 1.9x |
| Fri, 03 Nov 2023 | HK$182.9b | HK$87.4b | HK$12.4b | 7.3x | 14.8x | 2.1x |
| Sun, 01 Oct 2023 | HK$189.0b | HK$87.9b | HK$12.2b | 8.9x | 15.5x | 2.2x |
| Tue, 29 Aug 2023 | HK$184.0b | HK$88.8b | HK$11.0b | 8.9x | 16.7x | 2.1x |
| Thu, 27 Jul 2023 | HK$208.8b | HK$91.1b | HK$11.4b | 8x | 18.4x | 2.3x |
| Sat, 24 Jun 2023 | HK$131.9b | HK$90.8b | HK$11.4b | 8.9x | 11.6x | 1.5x |
| Mon, 22 May 2023 | HK$141.5b | HK$92.3b | HK$11.5b | 9.7x | 12.3x | 1.5x |
| Wed, 19 Apr 2023 | HK$144.5b | HK$94.0b | HK$12.1b | 9.2x | 12x | 1.5x |
| Fri, 17 Mar 2023 | HK$149.7b | HK$93.9b | HK$9.3b | 9.7x | 16.1x | 1.6x |
| Sun, 12 Feb 2023 | HK$168.5b | HK$94.8b | HK$9.6b | 9.4x | 17.5x | 1.8x |
| Tue, 10 Jan 2023 | HK$174.2b | HK$94.5b | HK$9.6b | 9.3x | 18.2x | 1.8x |
| Thu, 08 Dec 2022 | HK$142.6b | HK$92.2b | HK$9.4b | 8.8x | 15.2x | 1.5x |
| Sat, 05 Nov 2022 | HK$143.8b | HK$89.9b | HK$9.1b | 9.3x | 15.7x | 1.6x |
| Mon, 03 Oct 2022 | HK$148.8b | HK$91.2b | HK$9.0b | 9.9x | 16.5x | 1.6x |
| Wed, 31 Aug 2022 | HK$186.7b | HK$95.0b | HK$9.3b | 11.7x | 20.1x | 2x |
| Fri, 29 Jul 2022 | HK$188.8b | HK$92.1b | HK$10.0b | 7.9x | 18.9x | 2x |
| Sun, 26 Jun 2022 | HK$216.0b | HK$92.9b | HK$10.1b | 8.1x | 21.4x | 2.3x |
| Tue, 24 May 2022 | HK$225.1b | HK$92.9b | HK$10.1b | 8.3x | 22.4x | 2.4x |
| Thu, 21 Apr 2022 | HK$222.8b | HK$95.8b | HK$11.6b | 8.4x | 19.2x | 2.3x |
| Sat, 19 Mar 2022 | HK$225.1b | HK$92.6b | HK$12.0b | 8.6x | 18.7x | 2.4x |
| Mon, 14 Feb 2022 | HK$230.5b | HK$93.3b | HK$12.0b | 9.5x | 19.1x | 2.5x |
| Wed, 12 Jan 2022 | HK$223.0b | HK$93.0b | HK$12.0b | 9.6x | 18.5x | 2.4x |
| Fri, 10 Dec 2021 | HK$240.9b | HK$93.4b | HK$12.1b | 9.5x | 20x | 2.6x |
| Sun, 07 Nov 2021 | HK$239.8b | HK$92.7b | HK$12.0b | 9x | 20x | 2.6x |
| Tue, 05 Oct 2021 | HK$245.5b | HK$89.4b | HK$11.7b | 10.3x | 21x | 2.7x |
| Thu, 02 Sep 2021 | HK$223.5b | HK$89.5b | HK$10.9b | 9.6x | 20.5x | 2.5x |
| Sat, 31 Jul 2021 | HK$211.4b | HK$89.5b | HK$10.9b | 9.4x | 19.4x | 2.4x |
Price to Earnings Ratio
19.4x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Renewable Electricity 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 PE ratio of 17.0x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- Both revenue and earnings for companies in the Renewable Electricity industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Comparison
How does Hong Kong Renewable Energy compare with similar industries?
| HK Market | -2.37% | |
| Utilities | -1.16% | |
| Renewable Energy | -3.51% | |
| Renewable Energy | -1.99% | |
| Independent Power Producers and Energy Traders | -3.89% | |
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 | |
|---|---|---|---|---|---|
| 1798 China Datang Corporation Renewable Power | HK$2.14 | 9.7% +HK$1.4b | -14.1% | PE6.7x | |
| 916 China Longyuan Power Group | HK$7.25 | 0.6% +HK$334.4m | -3.2% | PE9x | |
| 527 China Ruifeng Renewable Energy Holdings | HK$0.46 | 24.7% +HK$149.6m | 51.7% | PS2.1x | |
| 1381 Canvest Environmental Protection Group | HK$4.38 | 1.2% +HK$122.0m | 4.3% | PE10.7x | |
| 8326 Tonking New Energy Group Holdings | HK$0.13 | 3.1% +HK$57.3m | -19.0% | PE4.9x |
