China Water Affairs Group Limited (HKG:855) Looks Inexpensive But Perhaps Not Attractive Enough
Nov 19
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Hong Kong (HSI) Water Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies12
- 7D-3.2%
- 3M4.0%
- 1Y36.5%
- YTDn/a
Over the last 7 days, the Water industry has dropped 3.5%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 36%. Earnings are forecast to grow by 4.5% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | HK$89.3b | HK$68.1b | HK$5.3b | 9.9x | 16.9x | 1.3x |
| Sun, 19 Oct 2025 | HK$87.1b | HK$67.6b | HK$5.1b | 10x | 17.2x | 1.3x |
| Tue, 16 Sep 2025 | HK$89.1b | HK$67.7b | HK$5.1b | 10.3x | 17.5x | 1.3x |
| Thu, 14 Aug 2025 | HK$87.3b | HK$69.0b | HK$5.3b | 6.8x | 16.5x | 1.3x |
| Sat, 12 Jul 2025 | HK$82.0b | HK$69.0b | HK$5.3b | 5.8x | 15.5x | 1.2x |
| Mon, 09 Jun 2025 | HK$83.3b | HK$69.3b | HK$5.7b | 5.9x | 14.7x | 1.2x |
| Wed, 07 May 2025 | HK$78.3b | HK$68.6b | HK$5.7b | 6.4x | 13.8x | 1.1x |
| Fri, 04 Apr 2025 | HK$79.3b | HK$68.5b | HK$5.6b | 5.9x | 14.1x | 1.2x |
| Sun, 02 Mar 2025 | HK$74.7b | HK$72.3b | HK$6.4b | 4.5x | 11.7x | 1x |
| Tue, 28 Jan 2025 | HK$71.9b | HK$72.5b | HK$6.4b | 4.8x | 11.3x | 1x |
| Thu, 26 Dec 2024 | HK$80.0b | HK$72.2b | HK$6.4b | 4.7x | 12.6x | 1.1x |
| Sat, 23 Nov 2024 | HK$63.3b | HK$73.4b | HK$6.4b | 4.1x | 9.8x | 0.9x |
| Mon, 21 Oct 2024 | HK$70.9b | HK$73.3b | HK$6.6b | 5.2x | 10.7x | 1x |
| Wed, 18 Sep 2024 | HK$62.6b | HK$73.4b | HK$6.6b | 4x | 9.5x | 0.9x |
| Fri, 16 Aug 2024 | HK$62.2b | HK$77.7b | HK$6.2b | 5.1x | 10x | 0.8x |
| Sun, 14 Jul 2024 | HK$63.0b | HK$77.2b | HK$6.2b | 5.2x | 10.1x | 0.8x |
| Tue, 11 Jun 2024 | HK$73.2b | HK$78.7b | HK$6.4b | 5.8x | 11.4x | 0.9x |
| Thu, 09 May 2024 | HK$61.4b | HK$78.8b | HK$6.4b | 4.8x | 9.6x | 0.8x |
| Sat, 06 Apr 2024 | HK$51.4b | HK$77.8b | HK$6.4b | 4.5x | 8x | 0.7x |
| Mon, 04 Mar 2024 | HK$62.0b | HK$77.6b | HK$7.5b | 4.8x | 8.2x | 0.8x |
| Wed, 31 Jan 2024 | HK$61.2b | HK$77.8b | HK$7.5b | 4.3x | 8.1x | 0.8x |
| Fri, 29 Dec 2023 | HK$65.3b | HK$77.8b | HK$7.5b | 4.4x | 8.7x | 0.8x |
| Sun, 26 Nov 2023 | HK$65.8b | HK$77.6b | HK$7.7b | 4.4x | 8.6x | 0.8x |
| Tue, 24 Oct 2023 | HK$65.7b | HK$78.2b | HK$8.1b | 4.3x | 8.1x | 0.8x |
| Thu, 21 Sep 2023 | HK$68.5b | HK$79.8b | HK$8.3b | 4.6x | 8.3x | 0.9x |
| Sat, 19 Aug 2023 | HK$74.0b | HK$78.7b | HK$7.5b | 7x | 9.8x | 0.9x |
| Mon, 17 Jul 2023 | HK$78.5b | HK$79.0b | HK$7.5b | 6.7x | 10.4x | 1x |
| Wed, 14 Jun 2023 | HK$80.2b | HK$76.5b | HK$7.4b | 6x | 10.8x | 1x |
| Fri, 12 May 2023 | HK$86.1b | HK$76.9b | HK$7.4b | 6.3x | 11.6x | 1.1x |
| Sun, 09 Apr 2023 | HK$85.4b | HK$77.3b | HK$7.6b | 6.3x | 11.2x | 1.1x |
| Tue, 07 Mar 2023 | HK$91.3b | HK$80.7b | HK$8.7b | 6.5x | 10.5x | 1.1x |
| Thu, 02 Feb 2023 | HK$94.2b | HK$81.1b | HK$8.7b | 6.1x | 10.9x | 1.2x |
| Sat, 31 Dec 2022 | HK$89.6b | HK$80.6b | HK$8.7b | 5.7x | 10.3x | 1.1x |
| Mon, 28 Nov 2022 | HK$84.0b | HK$79.8b | HK$8.7b | 5.4x | 9.6x | 1.1x |
Price to Earnings Ratio
9.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Water Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 11.3x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have declined 15% per year over the last three years,
- Revenues have also declined 5.2% 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 | -3.71% | |
| Utilities | -2.12% | |
| Water Utilities | -3.20% | |
| Water | -3.20% | |
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 | |
|---|---|---|---|---|---|
| 6136 Kangda International Environmental | HK$0.43 | 2.4% +HK$23.1m | 45.0% | PE5.6x | |
| 1542 Taizhou Water Group | HK$1.27 | 2.4% +HK$6.0m | -40.9% | PS0.4x |
