Some May Be Optimistic About Brilliance Technology's (SZSE:300542) Earnings
May 06
Chinese (SSE) IT Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies94
- 7D-0.8%
- 3M2.7%
- 1Y-18.3%
- YTD-13.5%
Last week, the IT industry hasn't moved much but Brilliance Technology is up 38% in that time. As for the longer term, the industry has declined 18% in the last year. As for the next few years, earnings are expected to grow by 36% per annum.
Industry Valuation and Performance
Has the Chinese IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | CN¥611.3b | CN¥349.0b | CN¥4.5b | 45.9x | 134.7x | 1.8x |
| Tue, 16 Apr 2024 | CN¥603.7b | CN¥349.6b | CN¥8.0b | 46.5x | 75.6x | 1.7x |
| Thu, 14 Mar 2024 | CN¥642.3b | CN¥340.7b | CN¥4.7b | 56.2x | 135.3x | 1.9x |
| Sat, 10 Feb 2024 | CN¥515.5b | CN¥338.5b | CN¥4.3b | 42.6x | 120.9x | 1.5x |
| Mon, 08 Jan 2024 | CN¥645.7b | CN¥337.4b | CN¥4.1b | 60.6x | 156.5x | 1.9x |
| Wed, 06 Dec 2023 | CN¥682.1b | CN¥337.1b | CN¥4.1b | 64.4x | 166.6x | 2x |
| Fri, 03 Nov 2023 | CN¥648.9b | CN¥337.7b | CN¥4.2b | 62.8x | 152.8x | 1.9x |
| Sun, 01 Oct 2023 | CN¥665.1b | CN¥338.2b | CN¥4.8b | 56.8x | 138.1x | 2x |
| Tue, 29 Aug 2023 | CN¥649.4b | CN¥339.4b | CN¥4.5b | 56.6x | 145.8x | 1.9x |
| Thu, 27 Jul 2023 | CN¥672.0b | CN¥338.2b | CN¥5.8b | 58.3x | 115.6x | 2x |
| Sat, 24 Jun 2023 | CN¥767.0b | CN¥339.0b | CN¥5.8b | 61.5x | 131.7x | 2.3x |
| Mon, 22 May 2023 | CN¥674.1b | CN¥336.6b | CN¥5.7b | 56.3x | 118.4x | 2x |
| Wed, 19 Apr 2023 | CN¥745.9b | CN¥335.5b | CN¥3.0b | 63.5x | 251.8x | 2.2x |
| Fri, 17 Mar 2023 | CN¥681.5b | CN¥350.5b | CN¥3.2b | 57.2x | 213.4x | 1.9x |
| Sun, 12 Feb 2023 | CN¥666.2b | CN¥350.4b | CN¥3.2b | 54x | 206.6x | 1.9x |
| Tue, 10 Jan 2023 | CN¥587.8b | CN¥351.4b | CN¥3.2b | 44.6x | 182.6x | 1.7x |
| Thu, 08 Dec 2022 | CN¥589.7b | CN¥351.4b | CN¥3.3b | 47.3x | 181x | 1.7x |
| Sat, 05 Nov 2022 | CN¥579.1b | CN¥350.8b | CN¥3.0b | 47.8x | 191.8x | 1.7x |
| Mon, 03 Oct 2022 | CN¥456.8b | CN¥349.4b | CN¥4.2b | 39.3x | 109.4x | 1.3x |
| Wed, 31 Aug 2022 | CN¥519.5b | CN¥353.9b | CN¥4.0b | 42.3x | 128.8x | 1.5x |
| Fri, 29 Jul 2022 | CN¥531.2b | CN¥352.8b | CN¥5.1b | 43x | 103.9x | 1.5x |
| Sun, 26 Jun 2022 | CN¥515.8b | CN¥351.5b | CN¥5.0b | 42.2x | 102.8x | 1.5x |
| Tue, 24 May 2022 | CN¥495.4b | CN¥351.1b | CN¥5.1b | 41x | 97.5x | 1.4x |
| Thu, 21 Apr 2022 | CN¥505.9b | CN¥327.5b | CN¥511.1m | 42.7x | 989.9x | 1.5x |
| Sat, 19 Mar 2022 | CN¥600.2b | CN¥319.3b | CN¥1.9b | 45.4x | 318.3x | 1.9x |
| Mon, 14 Feb 2022 | CN¥610.3b | CN¥317.1b | CN¥1.9b | 46.2x | 328.8x | 1.9x |
| Wed, 12 Jan 2022 | CN¥600.6b | CN¥316.8b | CN¥1.7b | 49.1x | 348.3x | 1.9x |
| Fri, 10 Dec 2021 | CN¥568.9b | CN¥317.3b | CN¥1.7b | 47.1x | 332.7x | 1.8x |
| Sun, 07 Nov 2021 | CN¥539.6b | CN¥316.7b | CN¥1.7b | 44.8x | 321.1x | 1.7x |
| Tue, 05 Oct 2021 | CN¥533.4b | CN¥306.1b | CN¥2.0b | 42.9x | 261.9x | 1.7x |
| Thu, 02 Sep 2021 | CN¥553.2b | CN¥305.7b | CN¥2.0b | 43.8x | 277.3x | 1.8x |
| Sat, 31 Jul 2021 | CN¥524.1b | CN¥305.7b | CN¥2.0b | 42.7x | 262.7x | 1.7x |
Price to Earnings Ratio
250.3x
Current Industry PE
- Investors are pessimistic on the Chinese IT 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 135x which is lower than its 3-year average PE of 201x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 6.6% 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 Tech industry?
| CN Market | 0.029% | |
| Tech | 0.10% | |
| IT | -0.78% | |
| IT Consulting | -0.64% | |
| Internet Services and Infrastructure | -1.08% | |
| Data Processing Services | -2.35% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 300x.
- Analysts are expecting annual earnings growth of 44.9%, which is higher than its past year's earnings decline of 6.5% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 6.5% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| 300542 Brilliance Technology | CN¥18.01 | 38.3% +CN¥1.5b | 46.3% | PE182.3x | |
| 34 Digital China Group | CN¥30.40 | 6.8% +CN¥1.3b | 20.9% | PE16.6x | |
| 300738 Guangdong Aofei Data Technology | CN¥12.38 | 11.8% +CN¥1.3b | 18.8% | PE80.7x | |
| 300075 Beijing eGOVA Co | CN¥15.72 | 4.6% +CN¥428.1m | -29.9% | PE69.3x | |
| 300525 Fujian Boss Software | CN¥12.96 | 2.1% +CN¥202.9m | -17.8% | PE29.6x |
