Is It Time To Consider Buying Goertek Inc. (SZSE:002241)?
May 11
Chinese (SSE) Electronic Manufacturing Services Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies11
- 7D5.8%
- 3M44.8%
- 1Y27.9%
- YTDn/a
The Electronic Manufacturing Services industry is up 4.1% in the last week, with Foxconn Industrial Internet up 7.4%. This takes the industry's 12 month performance to a gain of 27%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Chinese Electronic Manufacturing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | CN¥658.4b | CN¥672.6b | CN¥25.8b | 42x | 25.5x | 1x |
| Mon, 15 Apr 2024 | CN¥587.8b | CN¥660.4b | CN¥25.2b | 34.4x | 23.4x | 0.9x |
| Wed, 13 Mar 2024 | CN¥658.7b | CN¥670.6b | CN¥23.4b | 38.6x | 28.1x | 1x |
| Fri, 09 Feb 2024 | CN¥455.2b | CN¥672.2b | CN¥23.5b | 29.5x | 19.4x | 0.7x |
| Sun, 07 Jan 2024 | CN¥438.5b | CN¥672.3b | CN¥23.5b | 38.5x | 18.6x | 0.7x |
| Tue, 05 Dec 2023 | CN¥475.9b | CN¥672.3b | CN¥23.5b | 43.2x | 20.2x | 0.7x |
| Thu, 02 Nov 2023 | CN¥471.3b | CN¥672.3b | CN¥23.5b | 43.7x | 20x | 0.7x |
| Sat, 30 Sep 2023 | CN¥557.8b | CN¥687.1b | CN¥23.3b | 46.4x | 23.9x | 0.8x |
| Mon, 28 Aug 2023 | CN¥558.0b | CN¥688.6b | CN¥24.0b | 39.1x | 23.2x | 0.8x |
| Wed, 26 Jul 2023 | CN¥658.7b | CN¥708.0b | CN¥23.6b | 38.1x | 27.9x | 0.9x |
| Fri, 23 Jun 2023 | CN¥676.4b | CN¥708.0b | CN¥23.6b | 41.3x | 28.6x | 1x |
| Sun, 21 May 2023 | CN¥512.7b | CN¥707.7b | CN¥23.5b | 47.4x | 21.8x | 0.7x |
| Tue, 18 Apr 2023 | CN¥576.2b | CN¥696.4b | CN¥29.0b | 26.7x | 19.9x | 0.8x |
| Thu, 16 Mar 2023 | CN¥425.6b | CN¥696.4b | CN¥29.0b | 25.1x | 14.7x | 0.6x |
| Sat, 11 Feb 2023 | CN¥402.1b | CN¥679.7b | CN¥29.8b | 27.9x | 13.5x | 0.6x |
| Mon, 09 Jan 2023 | CN¥366.2b | CN¥679.7b | CN¥29.8b | 23.6x | 12.3x | 0.5x |
| Wed, 07 Dec 2022 | CN¥374.2b | CN¥679.7b | CN¥29.8b | 24.2x | 12.6x | 0.6x |
| Fri, 04 Nov 2022 | CN¥380.3b | CN¥680.4b | CN¥30.0b | 25x | 12.7x | 0.6x |
| Sun, 02 Oct 2022 | CN¥369.8b | CN¥645.8b | CN¥29.0b | 23.2x | 12.8x | 0.6x |
| Tue, 30 Aug 2022 | CN¥434.1b | CN¥638.3b | CN¥28.5b | 31.4x | 15.2x | 0.7x |
| Thu, 28 Jul 2022 | CN¥439.9b | CN¥615.1b | CN¥28.2b | 34.2x | 15.6x | 0.7x |
| Sat, 25 Jun 2022 | CN¥443.5b | CN¥615.1b | CN¥28.2b | 35.8x | 15.7x | 0.7x |
| Mon, 23 May 2022 | CN¥425.9b | CN¥615.1b | CN¥28.2b | 29.8x | 15.1x | 0.7x |
| Wed, 20 Apr 2022 | CN¥432.6b | CN¥598.6b | CN¥28.0b | 37.1x | 15.4x | 0.7x |
| Fri, 18 Mar 2022 | CN¥505.1b | CN¥596.1b | CN¥27.9b | 43.9x | 18.1x | 0.8x |
| Sun, 13 Feb 2022 | CN¥554.3b | CN¥610.7b | CN¥27.5b | 51.7x | 20.2x | 0.9x |
| Tue, 11 Jan 2022 | CN¥741.7b | CN¥618.4b | CN¥28.6b | 61.1x | 25.9x | 1.2x |
| Thu, 09 Dec 2021 | CN¥774.4b | CN¥618.4b | CN¥28.6b | 67.4x | 27.1x | 1.3x |
| Sat, 06 Nov 2021 | CN¥735.7b | CN¥618.4b | CN¥28.6b | 59.7x | 25.7x | 1.2x |
| Mon, 04 Oct 2021 | CN¥641.6b | CN¥597.3b | CN¥27.0b | 43.5x | 23.8x | 1.1x |
| Wed, 01 Sep 2021 | CN¥698.9b | CN¥597.3b | CN¥27.0b | 49.4x | 25.9x | 1.2x |
| Thu, 08 Jul 2021 | CN¥639.7b | CN¥596.6b | CN¥26.9b | 57.9x | 23.7x | 1.1x |
Price to Earnings Ratio
22.8x
Current Industry PE
- Investors are optimistic on the Chinese Electronic Manufacturing Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.4x which is higher than its 3-year average PE of 20.3x.
- The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.6% 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.
Industry Comparison
How does Chinese Electronic Manufacturing Services compare with similar industries?
| CN Market | 0.029% | |
| Tech | 0.10% | |
| Electronic Equipment and Components | 1.82% | |
| Electronic Manufacturing Services | 5.76% | |
| Technology Distributors | 3.16% | |
| Electronic Components | 1.71% | |
| Electronic Equipment and Instruments | 0.21% | |
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 | |
|---|---|---|---|---|---|
| 601138 Foxconn Industrial Internet | CN¥25.70 | 7.4% +CN¥35.4b | 59.0% | PE23.1x | |
| 2241 Goertek | CN¥16.89 | 4.3% +CN¥2.3b | -9.2% | PE42x | |
| 603380 Suzhou Etron TechnologiesLtd | CN¥20.96 | 2.4% +CN¥79.3m | -8.7% | PE23.4x | |
| 301041 Shenzhen King Brother Electronics TechnologyLtd | CN¥22.93 | 3.3% +CN¥78.9m | 5.2% | PE61.7x | |
| 300131 Shenzhen Yitoa Intelligent ControlLtd | CN¥4.83 | 0.6% +CN¥34.1m | -8.5% | PE109.9x |
