At CN¥63.77, Is Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) Worth Looking At Closely?
May 08
Chinese (SSE) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies4990
- 7D2.1%
- 3M14.3%
- 1Y-10.4%
- YTD0.4%
The market is up 2.1% in the last 7 days, led by the Industrials and all sectors gaining ground. In contrast, the market has seen a decline of 10% over the last 12 months. Looking forward, earnings are forecast to grow by 24% annually.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | CN¥66.3t | CN¥50.8t | CN¥2.8t | 32.9x | 23.9x | 1.3x |
| Fri, 05 Apr 2024 | CN¥64.7t | CN¥49.9t | CN¥2.8t | 31.4x | 22.8x | 1.3x |
| Sun, 03 Mar 2024 | CN¥63.8t | CN¥51.3t | CN¥2.8t | 30.2x | 22.5x | 1.2x |
| Tue, 30 Jan 2024 | CN¥60.6t | CN¥52.0t | CN¥3.0t | 30.2x | 19.9x | 1.2x |
| Thu, 28 Dec 2023 | CN¥63.4t | CN¥49.8t | CN¥2.7t | 34.1x | 23.4x | 1.3x |
| Sat, 25 Nov 2023 | CN¥67.0t | CN¥49.8t | CN¥2.7t | 35.6x | 24.7x | 1.3x |
| Mon, 23 Oct 2023 | CN¥64.2t | CN¥49.6t | CN¥2.7t | 32.9x | 23.4x | 1.3x |
| Wed, 20 Sep 2023 | CN¥67.5t | CN¥49.6t | CN¥2.7t | 34.5x | 24.7x | 1.4x |
| Fri, 18 Aug 2023 | CN¥69.5t | CN¥49.3t | CN¥2.8t | 34.9x | 24.6x | 1.4x |
| Sun, 16 Jul 2023 | CN¥71.2t | CN¥49.1t | CN¥2.8t | 36.7x | 25.2x | 1.5x |
| Tue, 13 Jun 2023 | CN¥70.3t | CN¥49.0t | CN¥2.8t | 35.9x | 25x | 1.4x |
| Thu, 11 May 2023 | CN¥71.2t | CN¥49.0t | CN¥2.8t | 34.6x | 25.3x | 1.5x |
| Sat, 08 Apr 2023 | CN¥74.2t | CN¥48.2t | CN¥2.9t | 36.4x | 25.8x | 1.5x |
| Mon, 06 Mar 2023 | CN¥73.9t | CN¥47.8t | CN¥2.9t | 36.8x | 25.9x | 1.5x |
| Wed, 01 Feb 2023 | CN¥72.9t | CN¥47.4t | CN¥2.9t | 35.2x | 25.5x | 1.5x |
| Fri, 30 Dec 2022 | CN¥67.5t | CN¥47.5t | CN¥2.8t | 32x | 23.9x | 1.4x |
| Sun, 27 Nov 2022 | CN¥67.7t | CN¥47.5t | CN¥2.8t | 33.4x | 24x | 1.4x |
| Tue, 25 Oct 2022 | CN¥66.5t | CN¥46.7t | CN¥2.9t | 32x | 23.1x | 1.4x |
| Thu, 22 Sep 2022 | CN¥67.8t | CN¥46.6t | CN¥2.9t | 32.1x | 23.8x | 1.5x |
| Sat, 20 Aug 2022 | CN¥72.6t | CN¥46.3t | CN¥2.9t | 35.6x | 25.4x | 1.6x |
| Mon, 18 Jul 2022 | CN¥70.8t | CN¥46.1t | CN¥2.8t | 33.1x | 25.1x | 1.5x |
| Wed, 15 Jun 2022 | CN¥69.3t | CN¥46.1t | CN¥2.8t | 32.4x | 24.5x | 1.5x |
| Fri, 13 May 2022 | CN¥63.9t | CN¥46.1t | CN¥2.8t | 30x | 22.6x | 1.4x |
| Sun, 10 Apr 2022 | CN¥68.5t | CN¥45.2t | CN¥3.0t | 31.3x | 23x | 1.5x |
| Tue, 08 Mar 2022 | CN¥71.9t | CN¥44.5t | CN¥3.0t | 33.9x | 24.2x | 1.6x |
| Thu, 03 Feb 2022 | CN¥72.8t | CN¥44.1t | CN¥3.0t | 34.1x | 24.6x | 1.6x |
| Sat, 01 Jan 2022 | CN¥80.3t | CN¥43.8t | CN¥2.9t | 38.1x | 27.4x | 1.8x |
| Mon, 29 Nov 2021 | CN¥78.6t | CN¥43.7t | CN¥2.9t | 37x | 26.9x | 1.8x |
| Wed, 27 Oct 2021 | CN¥76.2t | CN¥42.9t | CN¥3.0t | 33.5x | 25.7x | 1.8x |
| Fri, 24 Sep 2021 | CN¥76.9t | CN¥42.4t | CN¥2.9t | 35.1x | 26.2x | 1.8x |
| Sun, 22 Aug 2021 | CN¥73.7t | CN¥42.4t | CN¥2.9t | 33.9x | 25.2x | 1.7x |
| Fri, 09 Jul 2021 | CN¥75.5t | CN¥42.2t | CN¥2.9t | 33.9x | 26x | 1.8x |
Price to Earnings Ratio
27.6x
Current Market PE
- Investors are relatively neutral on the Chinese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 24.6x.
Past Earnings Growth
- The earnings for Chinese listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 8.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | 2.10% | |
| Materials | 3.70% | |
| Healthcare | 3.46% | |
| Consumer Staples | 3.12% | |
| Industrials | 2.50% | |
| Real Estate | 2.10% | |
| Consumer Discretionary | 1.53% | |
| Telecom | 1.22% | |
| Tech | 1.01% | |
| Energy | 0.98% | |
| Financials | 0.80% | |
| Utilities | 0.19% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 49.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.6% which is higher than its past year's earnings decline of 5.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 5.1% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 600519 Kweichow Moutai | CN¥1.76k | 3.5% +CN¥74.1b | 2.3% | PE28.4x | Consumer Staples | |
| 858 Wuliangye YibinLtd | CN¥155.00 | 3.0% +CN¥17.7b | -10.6% | PE19x | Consumer Staples | |
| 2714 Muyuan Foods | CN¥46.83 | 7.4% +CN¥17.4b | 0.7% | PS1.1x | Consumer Staples | |
| 688506 Sichuan Biokin PharmaceuticalLtd | CN¥184.99 | 19.6% +CN¥12.2b | 115.5% | PE16.9x | Healthcare | |
| 300124 Shenzhen Inovance TechnologyLtd | CN¥63.77 | 7.2% +CN¥11.4b | 10.9% | PE35.5x | Industrials |
