Investors Will Want Daejoo Electronic Materials' (KOSDAQ:078600) Growth In ROCE To Persist
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Has the South Korean Electronic Equipment and Components Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||₩121.5t||₩98.4t||₩5.2t||16.8x|
|Mon, 01 Nov 2021||₩117.3t||₩94.8t||₩4.5t||18.3x|
|Wed, 29 Sep 2021||₩117.5t||₩94.5t||₩4.0t||18.2x|
|Fri, 27 Aug 2021||₩118.8t||₩94.7t||₩4.0t||18.5x|
|Sat, 03 Jul 2021||₩115.0t||₩94.7t||₩4.0t||20.1x|
|Tue, 06 Apr 2021||₩108.8t||₩88.9t||₩2.3t||20.6x|
|Fri, 08 Jan 2021||₩101.1t||₩82.6t||₩1.3t||24.2x|
|Thu, 01 Oct 2020||₩78.8t||₩77.4t||-₩1,564,482,915,369.00||24.5x|
|Sun, 05 Jul 2020||₩66.9t||₩75.5t||-₩1,918,130,724,411.00||18.1x|
|Wed, 08 Apr 2020||₩48.2t||₩76.6t||-₩1,621,512,971,190.00||15.1x|
|Tue, 31 Dec 2019||₩58.2t||₩76.2t||-₩1,601,603,715,610.00||18.6x|
|Fri, 04 Oct 2019||₩51.0t||₩76.2t||₩1.4t||14.1x|
|Mon, 08 Jul 2019||₩54.7t||₩75.7t||₩1.9t||16.3x|
|Sun, 31 Mar 2019||₩53.5t||₩75.0t||₩2.2t||15.9x|
|Wed, 02 Jan 2019||₩51.2t||₩74.4t||₩2.1t||12.9x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 18.6x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Electronic industry have grown 51% per year over the last three years, and revenues for these companies have grown 10.0% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the South Korean Electronic Equipment and Components industry?
|Electronic Equipment and Instruments||0.63%|
|Electronic Manufacturing Services||0.12%|
Industry PE: Investors are most optimistic about the Electronic Components industry, which is trading close to its 3-year average PE ratio of 19.2x. However analysts are expecting annual earnings growth of 24%, which is lower than the prior year's growth of 60% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 11.0x.
Forecasted Growth: Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 52% over the next 5 years. This is better than it's past earnings growth rate of 24% per year. Meanwhile, the Electronic Components industry is expected to see its earnings grow by 24% per year over the next few years.
Which companies have driven the market over the last 7 days?
Solus Advanced Materials
Digital Power CommunicationsLtd