We Think China Longyuan Power Group's (HKG:916) Healthy Earnings Might Be Conservative
Apr 04
Hong Kong (HSI) Renewable Energy Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies15
- 7D-3.3%
- 3M14.0%
- 1Y-35.9%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 3.3%, driven by a pullback from China Longyuan Power Group of 3.1%. Overall the industry is down 36% in 12 months. Earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | HK$164.3b | HK$86.2b | HK$10.9b | 7.9x | 15.1x | 1.9x |
| Sun, 17 Mar 2024 | HK$170.4b | HK$90.4b | HK$11.6b | 7.8x | 14.7x | 1.9x |
| Tue, 13 Feb 2024 | HK$163.2b | HK$90.7b | HK$12.1b | 6.6x | 13.5x | 1.8x |
| Thu, 11 Jan 2024 | HK$172.0b | HK$91.0b | HK$12.2b | 7.7x | 14.1x | 1.9x |
| Sat, 09 Dec 2023 | HK$172.8b | HK$91.0b | HK$12.2b | 7.1x | 14.2x | 1.9x |
| Mon, 06 Nov 2023 | HK$183.6b | HK$87.5b | HK$12.3b | 7.5x | 14.9x | 2.1x |
| Wed, 04 Oct 2023 | HK$189.0b | HK$87.9b | HK$12.2b | 8x | 15.5x | 2.1x |
| Fri, 01 Sep 2023 | HK$186.4b | HK$88.2b | HK$12.0b | 8.1x | 15.5x | 2.1x |
| Sun, 30 Jul 2023 | HK$206.4b | HK$91.0b | HK$11.4b | 8x | 18.2x | 2.3x |
| Tue, 27 Jun 2023 | HK$135.5b | HK$90.4b | HK$11.3b | 8.8x | 12x | 1.5x |
| Thu, 25 May 2023 | HK$146.5b | HK$92.0b | HK$11.5b | 8.8x | 12.7x | 1.6x |
| Sat, 22 Apr 2023 | HK$142.9b | HK$93.9b | HK$12.0b | 10.6x | 11.9x | 1.5x |
| Mon, 20 Mar 2023 | HK$150.9b | HK$94.0b | HK$9.3b | 10x | 16.2x | 1.6x |
| Wed, 15 Feb 2023 | HK$171.7b | HK$94.7b | HK$9.6b | 9.8x | 17.9x | 1.8x |
| Fri, 13 Jan 2023 | HK$166.3b | HK$94.9b | HK$9.6b | 9x | 17.3x | 1.8x |
| Sun, 11 Dec 2022 | HK$146.5b | HK$92.6b | HK$9.4b | 8.8x | 15.6x | 1.6x |
| Tue, 08 Nov 2022 | HK$149.5b | HK$91.0b | HK$9.3b | 9.1x | 16.1x | 1.6x |
| Thu, 06 Oct 2022 | HK$153.1b | HK$91.2b | HK$9.0b | 10.1x | 17x | 1.7x |
| Sat, 03 Sep 2022 | HK$178.7b | HK$93.3b | HK$9.2b | 9.9x | 19.4x | 1.9x |
| Mon, 01 Aug 2022 | HK$188.4b | HK$92.3b | HK$10.0b | 7.9x | 18.8x | 2x |
| Wed, 29 Jun 2022 | HK$220.9b | HK$92.9b | HK$10.1b | 8.3x | 21.9x | 2.4x |
| Fri, 27 May 2022 | HK$224.0b | HK$93.3b | HK$10.1b | 8.4x | 22.2x | 2.4x |
| Sun, 24 Apr 2022 | HK$218.6b | HK$94.6b | HK$11.5b | 8.6x | 19.1x | 2.3x |
| Tue, 22 Mar 2022 | HK$226.2b | HK$92.5b | HK$12.0b | 9x | 18.9x | 2.4x |
| Thu, 17 Feb 2022 | HK$223.5b | HK$93.5b | HK$12.1b | 9.9x | 18.5x | 2.4x |
| Sat, 15 Jan 2022 | HK$231.7b | HK$93.1b | HK$12.0b | 9.2x | 19.3x | 2.5x |
| Mon, 13 Dec 2021 | HK$232.6b | HK$93.1b | HK$12.0b | 9.6x | 19.3x | 2.5x |
| Wed, 10 Nov 2021 | HK$230.0b | HK$92.7b | HK$12.0b | 9x | 19.2x | 2.5x |
| Fri, 08 Oct 2021 | HK$254.9b | HK$89.5b | HK$11.7b | 10.1x | 21.8x | 2.8x |
| Sun, 05 Sep 2021 | HK$228.6b | HK$89.5b | HK$10.9b | 10.3x | 21x | 2.6x |
| Tue, 03 Aug 2021 | HK$221.4b | HK$89.5b | HK$10.9b | 9.3x | 20.3x | 2.5x |
| Fri, 07 May 2021 | HK$170.9b | HK$85.6b | HK$10.4b | 10.4x | 16.5x | 2x |
Price to Earnings Ratio
16.5x
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 15.1x which is lower than its 3-year average PE of 17.1x.
- 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 | -1.99% | |
| Utilities | -3.58% | |
| Renewable Energy | -1.61% | |
| Renewable Energy | -3.28% | |
| Independent Power Producers and Energy Traders | -1.16% | |
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 | |
|---|---|---|---|---|---|
| 686 Beijing Energy International Holding | HK$0.13 | 4.7% +HK$134.0m | -29.1% | PE65.9x | |
| 1250 Shandong Hi-Speed New Energy Group | HK$1.92 | 0.5% +HK$22.5m | -41.8% | PE11.4x |