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Hong Kong (HSI) Renewable Energy Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies14
  • 7D-2.9%
  • 3M-2.8%
  • 1Y-38.6%
  • YTDn/a

Over the last 7 days, the Renewable Energy industry has dropped 2.8%, driven by a pullback from China Longyuan Power Group of 3.9%. The industry has fallen 39% in the last year. Looking forward, 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$170.4bHK$90.4bHK$11.6b7.8x14.7x1.9x
Thu, 15 Feb 2024HK$162.5bHK$90.8bHK$12.1b6.5x13.4x1.8x
Sat, 13 Jan 2024HK$171.0bHK$91.0bHK$12.2b7.5x14.1x1.9x
Mon, 11 Dec 2023HK$172.4bHK$90.9bHK$12.2b7.1x14.2x1.9x
Wed, 08 Nov 2023HK$185.8bHK$87.6bHK$12.3b7.6x15.1x2.1x
Fri, 06 Oct 2023HK$189.0bHK$87.9bHK$12.2b7.9x15.5x2.2x
Sun, 03 Sep 2023HK$188.0bHK$88.4bHK$12.2b8x15.3x2.1x
Tue, 01 Aug 2023HK$206.9bHK$91.0bHK$11.4b7.8x18.2x2.3x
Thu, 29 Jun 2023HK$178.7bHK$90.5bHK$11.3b7.4x15.8x2x
Sat, 27 May 2023HK$142.7bHK$91.9bHK$11.5b8.5x12.4x1.6x
Mon, 24 Apr 2023HK$142.9bHK$93.9bHK$11.2b10.6x12.7x1.5x
Wed, 22 Mar 2023HK$148.2bHK$94.2bHK$9.3b9.7x15.9x1.6x
Fri, 17 Feb 2023HK$170.1bHK$94.3bHK$9.6b10.4x17.8x1.8x
Sun, 15 Jan 2023HK$163.3bHK$95.3bHK$9.7b8.8x16.9x1.7x
Tue, 13 Dec 2022HK$142.1bHK$92.3bHK$9.4b8.7x15.1x1.5x
Thu, 10 Nov 2022HK$146.2bHK$90.4bHK$9.2b9x15.9x1.6x
Sat, 08 Oct 2022HK$150.5bHK$91.2bHK$9.0b9.8x16.7x1.6x
Mon, 05 Sep 2022HK$178.7bHK$91.2bHK$9.5b9.9x18.9x2x
Wed, 03 Aug 2022HK$172.8bHK$92.7bHK$10.0b7.7x17.2x1.9x
Fri, 01 Jul 2022HK$216.8bHK$92.8bHK$10.1b8.3x21.6x2.3x
Sun, 29 May 2022HK$218.2bHK$92.8bHK$10.1b8.3x21.7x2.4x
Tue, 26 Apr 2022HK$209.4bHK$94.6bHK$11.5b8x18.3x2.2x
Thu, 24 Mar 2022HK$229.7bHK$93.6bHK$12.1b8.7x19x2.5x
Sat, 19 Feb 2022HK$220.4bHK$93.5bHK$12.1b9.9x18.3x2.4x
Mon, 17 Jan 2022HK$231.7bHK$93.2bHK$12.0b9.2x19.2x2.5x
Wed, 15 Dec 2021HK$237.2bHK$93.2bHK$12.0b9.2x19.7x2.5x
Fri, 12 Nov 2021HK$222.4bHK$92.8bHK$12.0b8.8x18.6x2.4x
Sun, 10 Oct 2021HK$235.6bHK$89.5bHK$11.7b10.1x20.1x2.6x
Tue, 07 Sep 2021HK$231.7bHK$89.2bHK$11.7b10.8x19.9x2.6x
Thu, 05 Aug 2021HK$220.5bHK$89.5bHK$10.9b9.6x20.2x2.5x
Sun, 09 May 2021HK$170.9bHK$85.6bHK$10.4b10.4x16.5x2x
Price to Earnings Ratio

16x


Total Market Cap: HK$165.2bTotal Earnings: HK$10.4bTotal Revenue: HK$85.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Renewable Energy Industry Price to Earnings3Y Average 17.2x202220232024
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 14.0x which is lower than its 3-year average PE of 17.2x.
  • 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 5.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Hong Kong Renewable Energy compare with similar industries?

HK Market1.55%
Utilities0.46%
Renewable Energy-0.69%
Renewable Energy-2.93%
Independent Power Producers and Energy Traders-0.028%
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?

CompanyLast Price7D1YValuation
1381 Canvest Environmental Protection GroupHK$4.156.4%
+HK$609.9m
7.0%PE8.7x
1250 Shandong Hi-Speed New Energy GroupHK$2.035.2%
+HK$224.7m
-38.5%PE17.8x
3868 Xinyi Energy HoldingsHK$1.171.7%
+HK$165.1m
-49.6%PE9.7x
1004 China Smarter Energy Group HoldingsHK$0.01713.3%
+HK$18.7m
-61.4%PS0.8x
987 China Renewable Energy InvestmentHK$0.135.6%
+HK$17.5m
-29.0%PE9.1x
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Latest News

8326

HK$0.14

Tonking New Energy Group Holdings

7D

0.7%

1Y

-25.8%

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%

987

HK$0.13

China Renewable Energy Investment

7D

5.6%

1Y

-29.0%

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%

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%

916

HK$5.72

China Longyuan Power Group

7D

-4.5%

1Y

-39.0%