Guangdong Investment (HKG:270) Will Pay A Smaller Dividend Than Last Year
Apr 17
Hong Kong (HSI) Water Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies12
- 7D-1.6%
- 3M-20.3%
- 1Y-37.8%
- YTDn/a
Over the last 7 days, the Water industry has dropped 1.6%, driven by declines in China Water Affairs Group and Guangdong Investment of 6.5% and 2.2%, respectively. The industry has fallen 38% in the last year. As for the next few years, earnings are expected to grow by 9.0% per annum.
Industry Valuation and Performance
Has the Hong Kong Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | HK$54.2b | HK$77.8b | HK$6.4b | 4.5x | 8.4x | 0.7x |
| Sat, 16 Mar 2024 | HK$63.7b | HK$77.6b | HK$7.5b | 4.8x | 8.5x | 0.8x |
| Mon, 12 Feb 2024 | HK$56.9b | HK$77.7b | HK$7.5b | 4.5x | 7.6x | 0.7x |
| Wed, 10 Jan 2024 | HK$70.0b | HK$77.7b | HK$7.5b | 4.5x | 9.3x | 0.9x |
| Fri, 08 Dec 2023 | HK$60.6b | HK$77.7b | HK$7.5b | 4.1x | 8x | 0.8x |
| Sun, 05 Nov 2023 | HK$65.9b | HK$77.4b | HK$7.7b | 4.4x | 8.6x | 0.9x |
| Tue, 03 Oct 2023 | HK$68.9b | HK$78.2b | HK$8.1b | 4.5x | 8.5x | 0.9x |
| Thu, 31 Aug 2023 | HK$74.3b | HK$81.4b | HK$8.2b | 5.1x | 9.1x | 0.9x |
| Sat, 29 Jul 2023 | HK$79.9b | HK$79.0b | HK$7.5b | 6.8x | 10.6x | 1x |
| Mon, 26 Jun 2023 | HK$77.5b | HK$76.5b | HK$7.4b | 5.9x | 10.5x | 1x |
| Wed, 24 May 2023 | HK$81.7b | HK$76.7b | HK$7.4b | 6.2x | 11.1x | 1.1x |
| Fri, 21 Apr 2023 | HK$86.8b | HK$77.2b | HK$7.6b | 6.4x | 11.4x | 1.1x |
| Sun, 19 Mar 2023 | HK$89.5b | HK$80.8b | HK$8.7b | 6.2x | 10.3x | 1.1x |
| Tue, 14 Feb 2023 | HK$94.7b | HK$80.9b | HK$8.7b | 6.3x | 10.9x | 1.2x |
| Thu, 12 Jan 2023 | HK$94.5b | HK$81.0b | HK$8.7b | 6x | 10.9x | 1.2x |
| Sat, 10 Dec 2022 | HK$88.2b | HK$80.5b | HK$8.7b | 5.4x | 10.2x | 1.1x |
| Mon, 07 Nov 2022 | HK$73.0b | HK$79.8b | HK$8.7b | 5.1x | 8.4x | 0.9x |
| Wed, 05 Oct 2022 | HK$74.9b | HK$82.6b | HK$9.0b | 5.3x | 8.4x | 0.9x |
| Fri, 02 Sep 2022 | HK$85.2b | HK$83.4b | HK$9.2b | 6.2x | 9.2x | 1x |
| Sun, 31 Jul 2022 | HK$92.7b | HK$87.6b | HK$11.0b | 5.7x | 8.4x | 1.1x |
| Tue, 28 Jun 2022 | HK$97.4b | HK$86.5b | HK$11.0b | 5.4x | 8.8x | 1.1x |
| Thu, 26 May 2022 | HK$109.3b | HK$86.6b | HK$11.0b | 5.6x | 9.9x | 1.3x |
| Sat, 23 Apr 2022 | HK$113.3b | HK$88.0b | HK$10.9b | 5.8x | 10.4x | 1.3x |
| Mon, 21 Mar 2022 | HK$121.6b | HK$91.7b | HK$13.5b | 4x | 9x | 1.3x |
| Wed, 16 Feb 2022 | HK$126.3b | HK$91.6b | HK$13.5b | 4.3x | 9.3x | 1.4x |
| Fri, 14 Jan 2022 | HK$122.5b | HK$91.6b | HK$13.5b | 4.5x | 9.1x | 1.3x |
| Sun, 12 Dec 2021 | HK$117.9b | HK$91.6b | HK$13.5b | 4.3x | 8.7x | 1.3x |
| Tue, 09 Nov 2021 | HK$116.5b | HK$90.1b | HK$13.3b | 4.5x | 8.8x | 1.3x |
| Thu, 07 Oct 2021 | HK$126.5b | HK$88.0b | HK$12.8b | 5x | 9.9x | 1.4x |
| Sat, 04 Sep 2021 | HK$131.7b | HK$88.4b | HK$12.8b | 5.3x | 10.3x | 1.5x |
| Mon, 02 Aug 2021 | HK$119.1b | HK$88.4b | HK$12.8b | 5.2x | 9.3x | 1.3x |
| Thu, 06 May 2021 | HK$128.0b | HK$86.3b | HK$12.6b | 5.6x | 10.2x | 1.5x |
Price to Earnings Ratio
10.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Water Utilities 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 8.4x which is lower than its 3-year average PE of 9.5x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have declined 20% per year over the last three years,
- Revenues have also declined 3.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Water compare with similar industries?
| HK Market | -2.76% | |
| Utilities | -2.49% | |
| Water Utilities | -1.65% | |
| Water | -1.65% | |
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 | |
|---|---|---|---|---|---|
| 371 Beijing Enterprises Water Group | HK$1.91 | 1.1% +HK$200.9m | -0.5% | PE9.7x | |
| 1026 Universal Technologies Holdings | HK$0.12 | 18.6% +HK$99.2m | 0.9% | PS2x | |
| 2281 Luzhou Xinglu Water (Group) | HK$0.56 | 3.7% +HK$17.2m | -30.9% | PE2.1x | |
| 1395 ELL Environmental Holdings | HK$0.072 | 10.8% +HK$7.8m | -62.1% | PS0.7x | |
| 1129 China Water Industry Group | HK$0.15 | 1.4% +HK$5.7m | -12.0% | PS0.6x |