Investors Can Find Comfort In Chongqing road & bridgeltd's (SHSE:600106) Earnings Quality
May 07
Chinese (SSE) Infrastructure Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies40
- 7D-1.2%
- 3M8.0%
- 1Y-0.3%
- YTD9.2%
Over the last 7 days, the Infrastructure industry has dropped 2.4%, driven by a pullback from Shanghai International Port (Group) of 2.9%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Chinese Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | CN¥797.9b | CN¥350.8b | CN¥54.1b | 14.5x | 14.7x | 2.3x |
| Mon, 15 Apr 2024 | CN¥786.1b | CN¥342.4b | CN¥51.1b | 15x | 15.4x | 2.3x |
| Wed, 13 Mar 2024 | CN¥741.2b | CN¥335.2b | CN¥46.2b | 15.7x | 16.1x | 2.2x |
| Fri, 09 Feb 2024 | CN¥728.8b | CN¥334.9b | CN¥46.1b | 14.3x | 15.8x | 2.2x |
| Sun, 07 Jan 2024 | CN¥714.4b | CN¥331.4b | CN¥46.5b | 15.5x | 15.4x | 2.2x |
| Tue, 05 Dec 2023 | CN¥738.1b | CN¥338.9b | CN¥47.0b | 16.2x | 15.7x | 2.2x |
| Thu, 02 Nov 2023 | CN¥715.6b | CN¥302.2b | CN¥32.5b | 17.7x | 22x | 2.4x |
| Sat, 30 Sep 2023 | CN¥734.2b | CN¥334.9b | CN¥43.6b | 19.3x | 16.8x | 2.2x |
| Mon, 28 Aug 2023 | CN¥728.7b | CN¥329.5b | CN¥42.9b | 18.4x | 17x | 2.2x |
| Wed, 26 Jul 2023 | CN¥762.4b | CN¥336.7b | CN¥42.4b | 19.1x | 18x | 2.3x |
| Fri, 23 Jun 2023 | CN¥748.0b | CN¥333.0b | CN¥41.8b | 17.4x | 17.9x | 2.2x |
| Sun, 21 May 2023 | CN¥786.1b | CN¥333.5b | CN¥41.9b | 18.6x | 18.7x | 2.4x |
| Tue, 18 Apr 2023 | CN¥790.1b | CN¥284.7b | CN¥42.4b | 18.1x | 18.6x | 2.8x |
| Thu, 16 Mar 2023 | CN¥782.7b | CN¥275.9b | CN¥43.6b | 19.1x | 18x | 2.8x |
| Sat, 11 Feb 2023 | CN¥765.1b | CN¥276.1b | CN¥43.6b | 18.9x | 17.5x | 2.8x |
| Mon, 09 Jan 2023 | CN¥741.8b | CN¥276.1b | CN¥45.3b | 18.4x | 16.4x | 2.7x |
| Wed, 07 Dec 2022 | CN¥764.3b | CN¥263.4b | CN¥44.3b | 16.6x | 17.3x | 2.9x |
| Fri, 04 Nov 2022 | CN¥731.7b | CN¥281.1b | CN¥45.7b | 14.7x | 16x | 2.6x |
| Sun, 02 Oct 2022 | CN¥725.1b | CN¥265.8b | CN¥43.8b | 15.9x | 16.5x | 2.7x |
| Tue, 30 Aug 2022 | CN¥717.6b | CN¥281.1b | CN¥46.5b | 16.9x | 15.4x | 2.6x |
| Thu, 28 Jul 2022 | CN¥697.5b | CN¥282.6b | CN¥47.9b | 14.2x | 14.6x | 2.5x |
| Sat, 25 Jun 2022 | CN¥685.5b | CN¥282.8b | CN¥47.9b | 14x | 14.3x | 2.4x |
| Mon, 23 May 2022 | CN¥680.5b | CN¥282.8b | CN¥48.1b | 13.4x | 14.1x | 2.4x |
| Wed, 20 Apr 2022 | CN¥717.0b | CN¥282.9b | CN¥46.3b | 13.5x | 15.5x | 2.5x |
| Fri, 18 Mar 2022 | CN¥677.2b | CN¥273.9b | CN¥46.2b | 13.5x | 14.7x | 2.5x |
| Sun, 13 Feb 2022 | CN¥738.8b | CN¥273.6b | CN¥46.1b | 14.6x | 16x | 2.7x |
| Tue, 11 Jan 2022 | CN¥709.0b | CN¥273.5b | CN¥45.3b | 15x | 15.7x | 2.6x |
| Thu, 09 Dec 2021 | CN¥683.1b | CN¥273.6b | CN¥45.3b | 14.9x | 15.1x | 2.5x |
| Sat, 06 Nov 2021 | CN¥621.7b | CN¥272.2b | CN¥44.8b | 13.1x | 13.9x | 2.3x |
| Mon, 04 Oct 2021 | CN¥672.1b | CN¥264.7b | CN¥45.5b | 14.6x | 14.8x | 2.5x |
| Wed, 01 Sep 2021 | CN¥655.6b | CN¥264.6b | CN¥45.5b | 14.5x | 14.4x | 2.5x |
| Thu, 08 Jul 2021 | CN¥642.1b | CN¥264.6b | CN¥45.5b | 14.3x | 14.1x | 2.4x |
Price to Earnings Ratio
17.1x
Current Industry PE
- Investors are relatively neutral on the Chinese Infrastructure industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 15.9x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Industrials industry?
| CN Market | 0.029% | |
| Industrials | -0.26% | |
| Infrastructure | -1.18% | |
| Highways and Railtracks | -0.32% | |
| Airport Services | -0.55% | |
| Marine Ports and Services | -2.00% | |
Industry PE
- Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 30.5%, which is lower than the prior year's growth of 319.3% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, which is trading close to its 3-year average of 11.8x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 31% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 2.9% 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 | |
|---|---|---|---|---|---|
| 582 Beibu Gulf Port | CN¥8.08 | -1.8% CN¥3.8b | 1.4% | PE14.2x | |
| 300424 Guangzhou Hangxin Aviation Technology | CN¥16.41 | 5.2% +CN¥194.3m | 15.2% | PE97.8x | |
| 2023 Sichuan Haite High-techLtd | CN¥10.73 | 2.5% +CN¥192.6m | 22.1% | PE132.8x | |
| 828 Dongguan Development (Holdings) | CN¥10.27 | 1.6% +CN¥166.3m | 3.9% | PE14x | |
| 600004 Guangzhou Baiyun International Airport | CN¥10.36 | 0.7% +CN¥165.7m | -26.9% | PE41.9x |
