XianheLtd's (SHSE:603733) Earnings Are Weaker Than They Seem
May 06
Chinese (SSE) Paper and Forestry Products Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies34
- 7D0.4%
- 3M19.2%
- 1Y2.3%
- YTD1.3%
In the last week, the Paper and Forestry Products industry is up 1.6%, with DeHua TB New Decoration MaterialLtd up 9.1%. In the same time, Zhongfu Straits (Pingtan) Development was down 6.1%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Chinese Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | CN¥199.7b | CN¥204.8b | CN¥5.7b | 23.8x | 35.2x | 1x |
| Sun, 14 Apr 2024 | CN¥195.4b | CN¥203.2b | CN¥739.5m | 27.8x | 264.2x | 1x |
| Tue, 12 Mar 2024 | CN¥186.6b | CN¥203.8b | CN¥1.6b | 28.3x | 119.3x | 0.9x |
| Thu, 08 Feb 2024 | CN¥164.5b | CN¥203.0b | CN¥994.1m | 23.7x | 165.5x | 0.8x |
| Sat, 06 Jan 2024 | CN¥199.9b | CN¥203.0b | CN¥994.1m | 38.8x | 201x | 1x |
| Mon, 04 Dec 2023 | CN¥207.8b | CN¥203.0b | CN¥994.1m | 38.9x | 209.1x | 1x |
| Wed, 01 Nov 2023 | CN¥206.6b | CN¥202.7b | CN¥1.2b | 43.9x | 177x | 1x |
| Fri, 29 Sep 2023 | CN¥202.8b | CN¥205.1b | CN¥694.4m | 35.6x | 292.1x | 1x |
| Sun, 27 Aug 2023 | CN¥193.3b | CN¥207.8b | CN¥1.9b | 29.9x | 104x | 0.9x |
| Tue, 25 Jul 2023 | CN¥201.5b | CN¥210.3b | CN¥2.5b | 25.2x | 81.2x | 1x |
| Thu, 22 Jun 2023 | CN¥194.2b | CN¥210.3b | CN¥2.5b | 22.8x | 78.3x | 0.9x |
| Sat, 20 May 2023 | CN¥199.8b | CN¥210.3b | CN¥2.5b | 25.5x | 80x | 0.9x |
| Mon, 17 Apr 2023 | CN¥207.3b | CN¥215.2b | CN¥7.7b | 23.7x | 27x | 1x |
| Wed, 15 Mar 2023 | CN¥212.4b | CN¥213.5b | CN¥6.7b | 24.1x | 31.6x | 1x |
| Fri, 10 Feb 2023 | CN¥255.4b | CN¥219.1b | CN¥11.4b | 26.5x | 22.5x | 1.2x |
| Sun, 08 Jan 2023 | CN¥249.0b | CN¥219.1b | CN¥11.4b | 26.6x | 21.9x | 1.1x |
| Tue, 06 Dec 2022 | CN¥241.9b | CN¥219.1b | CN¥11.4b | 25.1x | 21.3x | 1.1x |
| Thu, 03 Nov 2022 | CN¥222.9b | CN¥219.4b | CN¥11.5b | 23.4x | 19.4x | 1x |
| Sat, 01 Oct 2022 | CN¥219.7b | CN¥215.3b | CN¥11.5b | 22.6x | 19.2x | 1x |
| Mon, 29 Aug 2022 | CN¥247.9b | CN¥209.6b | CN¥13.6b | 26.5x | 18.2x | 1.2x |
| Wed, 27 Jul 2022 | CN¥257.1b | CN¥206.1b | CN¥11.8b | 27.7x | 21.8x | 1.2x |
| Fri, 24 Jun 2022 | CN¥253.8b | CN¥211.5b | CN¥11.9b | 24x | 21.3x | 1.2x |
| Sun, 22 May 2022 | CN¥238.3b | CN¥211.5b | CN¥11.9b | 22.9x | 20x | 1.1x |
| Tue, 19 Apr 2022 | CN¥243.2b | CN¥210.5b | CN¥14.2b | 21.1x | 17.2x | 1.2x |
| Thu, 17 Mar 2022 | CN¥257.6b | CN¥209.1b | CN¥14.2b | 18.8x | 18.2x | 1.2x |
| Sat, 12 Feb 2022 | CN¥262.4b | CN¥202.0b | CN¥15.1b | 20.7x | 17.3x | 1.3x |
| Mon, 10 Jan 2022 | CN¥285.5b | CN¥201.8b | CN¥15.1b | 24.2x | 18.9x | 1.4x |
| Wed, 08 Dec 2021 | CN¥281.4b | CN¥201.8b | CN¥15.1b | 22.3x | 18.6x | 1.4x |
| Fri, 05 Nov 2021 | CN¥268.3b | CN¥201.6b | CN¥15.1b | 20.4x | 17.7x | 1.3x |
| Sun, 03 Oct 2021 | CN¥275.5b | CN¥193.4b | CN¥15.6b | 23.1x | 17.7x | 1.4x |
| Tue, 31 Aug 2021 | CN¥283.0b | CN¥193.1b | CN¥15.5b | 24.8x | 18.2x | 1.5x |
| Wed, 07 Jul 2021 | CN¥266.4b | CN¥193.1b | CN¥15.5b | 23.2x | 17.2x | 1.4x |
Price to Earnings Ratio
23.2x
Current Industry PE
- Investors are pessimistic on the Chinese Forestry industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 35.1x which is lower than its 3-year average PE of 70.2x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.97x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.8% 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 Trends
Which industries have driven the changes within the Chinese Materials industry?
| CN Market | -1.53% | |
| Materials | -2.45% | |
| Paper and Forestry Products | 0.42% | |
| Forestry Products | 3.47% | |
| Paper Products | -0.20% | |
Industry PE
- Investors are most optimistic about the Paper Products industry even though it's trading below its 3-year average PE ratio of 66.6x.
- Analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings growth of 3.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 3.0% per year.
- In contrast, the Forestry Products industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 2043 DeHua TB New Decoration MaterialLtd | CN¥12.35 | 13.7% +CN¥1.2b | 22.5% | PE14.5x | |
| 488 Shandong Chenming Paper Holdings | CN¥3.98 | 3.9% +CN¥431.6m | -19.6% | PS0.4x | |
| 603863 GuangDong SongYang Recycle ResourcesLTD | CN¥43.18 | 4.6% +CN¥384.7m | 136.2% | PS12.8x | |
| 600963 Yueyang Forest & Paper | CN¥5.03 | 1.2% +CN¥106.2m | -21.5% | PS1.1x | |
| 301429 Anhui Sentai WPC Group Share | CN¥17.07 | 5.1% +CN¥98.1m | -23.1% | PE38.2x |
