Yongxing Special Materials TechnologyLtd's (SZSE:002756) Weak Earnings May Only Reveal A Part Of The Whole Picture
May 06
Chinese (SSE) Steel Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies84
- 7D-1.6%
- 3M7.5%
- 1Y-7.5%
- YTDn/a
Over the last 7 days, the Steel industry has remained flat, although notably Huaibei Mining HoldingsLtd declined by 6.4%. As for the longer term, the industry has declined 8.1% in the last year. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Chinese Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | CN¥1.1t | CN¥2.2t | CN¥42.4b | 24.4x | 24.9x | 0.5x |
| Sun, 14 Apr 2024 | CN¥1.1t | CN¥2.2t | CN¥47.5b | 26x | 22.2x | 0.5x |
| Tue, 12 Mar 2024 | CN¥1.0t | CN¥2.2t | CN¥46.5b | 27.5x | 22.2x | 0.5x |
| Thu, 08 Feb 2024 | CN¥948.1b | CN¥2.2t | CN¥46.2b | 22.5x | 20.5x | 0.4x |
| Sat, 06 Jan 2024 | CN¥1.0t | CN¥2.2t | CN¥45.0b | 30.6x | 23.2x | 0.5x |
| Mon, 04 Dec 2023 | CN¥1.1t | CN¥2.2t | CN¥44.8b | 31.8x | 23.9x | 0.5x |
| Wed, 01 Nov 2023 | CN¥1.1t | CN¥2.2t | CN¥39.9b | 31.9x | 26.6x | 0.5x |
| Fri, 29 Sep 2023 | CN¥1.1t | CN¥2.2t | CN¥34.4b | 30.5x | 31.5x | 0.5x |
| Sun, 27 Aug 2023 | CN¥1.1t | CN¥2.3t | CN¥40.7b | 26.5x | 26x | 0.5x |
| Tue, 25 Jul 2023 | CN¥1.1t | CN¥2.3t | CN¥44.3b | 28.5x | 24.4x | 0.5x |
| Thu, 22 Jun 2023 | CN¥1.0t | CN¥2.3t | CN¥44.2b | 27.4x | 23.8x | 0.5x |
| Sat, 20 May 2023 | CN¥1.1t | CN¥2.3t | CN¥44.4b | 25.7x | 25.6x | 0.5x |
| Mon, 17 Apr 2023 | CN¥1.2t | CN¥2.4t | CN¥56.8b | 28.6x | 21.4x | 0.5x |
| Wed, 15 Mar 2023 | CN¥1.2t | CN¥2.4t | CN¥54.9b | 30.2x | 22.5x | 0.5x |
| Fri, 10 Feb 2023 | CN¥1.2t | CN¥2.4t | CN¥54.8b | 32.4x | 22.7x | 0.5x |
| Sun, 08 Jan 2023 | CN¥1.2t | CN¥2.4t | CN¥54.8b | 29.8x | 21.5x | 0.5x |
| Tue, 06 Dec 2022 | CN¥1.2t | CN¥2.4t | CN¥54.8b | 31x | 22.7x | 0.5x |
| Thu, 03 Nov 2022 | CN¥1.2t | CN¥2.4t | CN¥55.0b | 28.8x | 21.1x | 0.5x |
| Sat, 01 Oct 2022 | CN¥1.2t | CN¥2.5t | CN¥86.9b | 22.9x | 13.5x | 0.5x |
| Mon, 29 Aug 2022 | CN¥1.3t | CN¥2.5t | CN¥98.4b | 24.2x | 13x | 0.5x |
| Wed, 27 Jul 2022 | CN¥1.3t | CN¥2.5t | CN¥113.5b | 24.5x | 11.4x | 0.5x |
| Fri, 24 Jun 2022 | CN¥1.3t | CN¥2.5t | CN¥113.7b | 24.3x | 11.4x | 0.5x |
| Sun, 22 May 2022 | CN¥1.2t | CN¥2.5t | CN¥113.5b | 21.9x | 10.8x | 0.5x |
| Tue, 19 Apr 2022 | CN¥1.3t | CN¥2.4t | CN¥127.7b | 18.8x | 10.4x | 0.5x |
| Thu, 17 Mar 2022 | CN¥1.2t | CN¥2.3t | CN¥130.2b | 18.4x | 9.4x | 0.5x |
| Sat, 12 Feb 2022 | CN¥1.4t | CN¥2.3t | CN¥131.7b | 20.8x | 10.7x | 0.6x |
| Mon, 10 Jan 2022 | CN¥1.4t | CN¥2.3t | CN¥131.5b | 21.5x | 11x | 0.6x |
| Wed, 08 Dec 2021 | CN¥1.4t | CN¥2.3t | CN¥131.5b | 19.8x | 10.6x | 0.6x |
| Fri, 05 Nov 2021 | CN¥1.3t | CN¥2.3t | CN¥131.2b | 18.5x | 9.9x | 0.6x |
| Sun, 03 Oct 2021 | CN¥1.4t | CN¥2.1t | CN¥116.3b | 18.1x | 12.2x | 0.7x |
| Tue, 31 Aug 2021 | CN¥1.6t | CN¥2.1t | CN¥116.2b | 19.3x | 13.8x | 0.8x |
| Wed, 07 Jul 2021 | CN¥1.2t | CN¥2.1t | CN¥116.1b | 17.1x | 10.1x | 0.6x |
Price to Earnings Ratio
13.9x
Current Industry PE
- Investors are optimistic on the Chinese Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.9x which is higher than its 3-year average PE of 18.0x.
- The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 21% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.3% 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, which has decreased profits.
Industry Comparison
How does Chinese Steel compare with similar industries?
| CN Market | -1.53% | |
| Materials | -2.45% | |
| Metals and Mining | -1.83% | |
| Steel | -1.62% | |
| Gold | 1.84% | |
| Silver | 0% | |
| Precious Metals and Minerals | -0.11% | |
| Copper | -0.35% | |
| Aluminum | -2.68% | |
| Diversified Metals and Mining | -2.96% | |
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 | |
|---|---|---|---|---|---|
| 600019 Baoshan Iron & Steel | CN¥7.00 | 0.7% +CN¥1.1b | 12.4% | PE12.6x | |
| 923 HBIS Resources | CN¥19.86 | 6.3% +CN¥770.2m | 46.7% | PE14.1x | |
| 2075 Jiangsu Shagang | CN¥4.59 | 7.2% +CN¥680.1m | 18.0% | PE54.6x | |
| 600782 Xinyu Iron & Steel | CN¥3.89 | 3.5% +CN¥408.9m | -1.0% | PE49.8x | |
| 600193 Shanghai Prosolar Resources Development | CN¥4.18 | 12.4% +CN¥195.7m | -24.4% | PS8.4x |
