Guangdong Shirongzhaoye Co., Ltd.'s (SZSE:002016) Shares Climb 26% But Its Business Is Yet to Catch Up
May 27
Chinese (SSE) Real Estate Development Industry Analysis
UpdatedMay 27, 2024
DataAggregated Company Financials
Companies83
- 7D-5.1%
- 3M3.1%
- 1Y-17.8%
- YTDn/a
Over the last 7 days, the Real Estate Development industry has dropped 5.1%, driven by a pullback from China Merchants Shekou Industrial Zone Holdings of 12%. Meanwhile, Macrolink Culturaltainment Development actually outperformed within the industry, gaining 46% in the last week. However, the industry is down 18% over the past year. Earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Chinese Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 May 2024 | CN¥950.1b | CN¥2.4t | -CN¥23,496,933,135.00 | 33.5x | -40.4x | 0.4x |
| Thu, 25 Apr 2024 | CN¥774.1b | CN¥2.4t | -CN¥28,315,925,842.00 | 20.4x | -27.3x | 0.3x |
| Sat, 23 Mar 2024 | CN¥885.5b | CN¥2.5t | -CN¥24,889,552,241.00 | 18.9x | -35.6x | 0.4x |
| Mon, 19 Feb 2024 | CN¥882.0b | CN¥2.5t | -CN¥26,453,742,483.00 | 14.7x | -33.3x | 0.4x |
| Wed, 17 Jan 2024 | CN¥918.0b | CN¥2.5t | -CN¥37,731,380,785.00 | 19.1x | -24.3x | 0.4x |
| Fri, 15 Dec 2023 | CN¥973.1b | CN¥2.5t | -CN¥39,281,883,058.00 | 20.1x | -24.8x | 0.4x |
| Sun, 12 Nov 2023 | CN¥1.0t | CN¥2.5t | -CN¥39,276,149,318.00 | 19.9x | -26.1x | 0.4x |
| Tue, 10 Oct 2023 | CN¥1.1t | CN¥2.5t | -CN¥28,950,932,765.00 | 18.9x | -36.7x | 0.4x |
| Thu, 07 Sep 2023 | CN¥1.2t | CN¥2.5t | -CN¥28,426,298,170.00 | 20x | -41.3x | 0.5x |
| Sat, 05 Aug 2023 | CN¥1.3t | CN¥2.5t | -CN¥25,981,483,960.00 | 23.3x | -48.8x | 0.5x |
| Mon, 03 Jul 2023 | CN¥1.1t | CN¥2.4t | -CN¥15,425,888,907.00 | 22.2x | -69.7x | 0.4x |
| Wed, 31 May 2023 | CN¥1.1t | CN¥2.4t | -CN¥14,162,162,701.00 | 20.7x | -75.5x | 0.4x |
| Fri, 28 Apr 2023 | CN¥1.1t | CN¥2.4t | -CN¥3,886,645,200.00 | 25.8x | -287.9x | 0.5x |
| Sun, 26 Mar 2023 | CN¥1.2t | CN¥2.5t | CN¥6.9b | 24.3x | 174.4x | 0.5x |
| Tue, 21 Feb 2023 | CN¥1.3t | CN¥2.4t | CN¥9.5b | 22.2x | 131.9x | 0.5x |
| Thu, 19 Jan 2023 | CN¥1.3t | CN¥2.4t | CN¥10.2b | 21.6x | 123.3x | 0.5x |
| Sat, 17 Dec 2022 | CN¥1.3t | CN¥2.4t | CN¥18.8b | 23.9x | 69.9x | 0.5x |
| Mon, 14 Nov 2022 | CN¥1.2t | CN¥2.4t | CN¥18.8b | 21.5x | 64.3x | 0.5x |
| Wed, 12 Oct 2022 | CN¥1.2t | CN¥2.5t | CN¥52.7b | 19.2x | 23x | 0.5x |
| Fri, 09 Sep 2022 | CN¥1.3t | CN¥2.4t | CN¥43.3b | 22.9x | 30.1x | 0.5x |
| Sun, 07 Aug 2022 | CN¥1.2t | CN¥2.6t | CN¥55.5b | 18.3x | 21.7x | 0.5x |
| Tue, 05 Jul 2022 | CN¥1.3t | CN¥2.6t | CN¥57.7b | 17.8x | 22.8x | 0.5x |
| Thu, 02 Jun 2022 | CN¥1.3t | CN¥2.6t | CN¥57.9b | 16.6x | 21.9x | 0.5x |
| Sat, 30 Apr 2022 | CN¥1.4t | CN¥2.7t | CN¥105.9b | 15.2x | 13.3x | 0.5x |
| Mon, 28 Mar 2022 | CN¥1.4t | CN¥2.7t | CN¥150.5b | 11x | 9.3x | 0.5x |
| Wed, 23 Feb 2022 | CN¥1.4t | CN¥2.7t | CN¥156.7b | 11.1x | 9x | 0.5x |
| Fri, 21 Jan 2022 | CN¥1.4t | CN¥2.8t | CN¥165.6b | 10.7x | 8.7x | 0.5x |
| Sun, 19 Dec 2021 | CN¥1.3t | CN¥2.8t | CN¥165.6b | 9.7x | 8.1x | 0.5x |
| Tue, 16 Nov 2021 | CN¥1.3t | CN¥2.8t | CN¥166.2b | 9.2x | 7.8x | 0.5x |
| Thu, 14 Oct 2021 | CN¥1.4t | CN¥2.7t | CN¥181.6b | 10.4x | 7.5x | 0.5x |
| Sat, 11 Sep 2021 | CN¥1.3t | CN¥2.7t | CN¥181.7b | 10.7x | 7.2x | 0.5x |
| Mon, 09 Aug 2021 | CN¥1.2t | CN¥2.7t | CN¥181.7b | 10.1x | 6.9x | 0.5x |
Price to Earnings Ratio
7.9x
Current Industry PE
- Investors are pessimistic on the Chinese Real Estate Development industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
- Total earnings for the Real Estate Development industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 2.2% per year, which is driving profits down.
Industry Comparison
How does Chinese Real Estate Development compare with similar industries?
| CN Market | -2.77% | |
| Real Estate | -4.73% | |
| Real Estate | -4.80% | |
| Real Estate Development | -5.15% | |
| Real Estate Services | 2.93% | |
| Real Estate Operating Companies | -3.33% | |
| Diversified Real Estate | -4.38% | |
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 | |
|---|---|---|---|---|---|
| 620 Macrolink Culturaltainment Development | CN¥2.41 | 31.0% +CN¥3.3b | 85.4% | PE10.6x | |
| 537 China Green Electricity Investment of Tianjin | CN¥10.01 | -0.6% CN¥1.9b | -15.2% | PE24.3x | |
| 2016 Guangdong Shirongzhaoye | CN¥6.66 | 12.7% +CN¥606.8m | -2.2% | PE35.1x | |
| 600383 Gemdale | CN¥4.94 | 2.7% +CN¥586.9m | -31.5% | PE213.7x | |
| 863 Sanxiang Impression | CN¥3.63 | 4.0% +CN¥165.3m | 5.8% | PE183.9x |
