Sichuan Mingxing Electric Power Co., Ltd.'s (SHSE:600101) Shares Bounce 25% But Its Business Still Trails The Market
May 13
Chinese (SSE) Utilities Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies117
- 7D-0.3%
- 3M12.5%
- 1Y5.4%
- YTD8.7%
In the last week, the Utilities industry is flat overall, with Zhejiang Zheneng Electric Power standing out by going down 3.0%. As for the the longer term, the industry is up 5.4% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.
Sector Valuation and Performance
Has the Chinese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | CN¥2.8t | CN¥1.6t | CN¥148.1b | 18.9x | 18.7x | 1.8x |
| Tue, 16 Apr 2024 | CN¥2.8t | CN¥1.6t | CN¥136.3b | 19.3x | 20.3x | 1.8x |
| Thu, 14 Mar 2024 | CN¥2.6t | CN¥1.5t | CN¥134.2b | 18.4x | 19.5x | 1.7x |
| Sat, 10 Feb 2024 | CN¥2.5t | CN¥2.2t | CN¥379.4b | 17.4x | 6.6x | 1.1x |
| Mon, 08 Jan 2024 | CN¥2.5t | CN¥1.5t | CN¥123.4b | 20.5x | 20.4x | 1.7x |
| Wed, 06 Dec 2023 | CN¥2.4t | CN¥1.5t | CN¥126.9b | 20.4x | 19x | 1.6x |
| Fri, 03 Nov 2023 | CN¥2.4t | CN¥1.5t | CN¥126.1b | 19.6x | 19x | 1.6x |
| Sun, 01 Oct 2023 | CN¥2.4t | CN¥1.5t | CN¥104.2b | 20.7x | 22.9x | 1.6x |
| Tue, 29 Aug 2023 | CN¥2.4t | CN¥1.5t | CN¥107.6b | 20.5x | 22.5x | 1.6x |
| Thu, 27 Jul 2023 | CN¥2.5t | CN¥1.5t | CN¥99.7b | 23.6x | 24.9x | 1.7x |
| Sat, 24 Jun 2023 | CN¥2.5t | CN¥1.5t | CN¥99.3b | 24x | 25x | 1.7x |
| Mon, 22 May 2023 | CN¥2.5t | CN¥1.5t | CN¥99.6b | 23.6x | 25.6x | 1.7x |
| Wed, 19 Apr 2023 | CN¥2.4t | CN¥1.5t | CN¥95.1b | 23.7x | 25.6x | 1.6x |
| Fri, 17 Mar 2023 | CN¥2.4t | CN¥1.4t | CN¥86.1b | 23x | 27.4x | 1.7x |
| Sun, 12 Feb 2023 | CN¥2.4t | CN¥1.4t | CN¥81.2b | 23.6x | 29.1x | 1.7x |
| Tue, 10 Jan 2023 | CN¥2.3t | CN¥1.4t | CN¥82.7b | 22.9x | 27.5x | 1.6x |
| Thu, 08 Dec 2022 | CN¥2.3t | CN¥1.4t | CN¥83.9b | 22.9x | 27.4x | 1.6x |
| Sat, 05 Nov 2022 | CN¥2.2t | CN¥1.4t | CN¥77.6b | 22.6x | 28.5x | 1.6x |
| Mon, 03 Oct 2022 | CN¥2.2t | CN¥1.3t | CN¥72.9b | 23x | 30.6x | 1.7x |
| Wed, 31 Aug 2022 | CN¥2.4t | CN¥1.3t | CN¥72.2b | 25.8x | 33.4x | 1.8x |
| Fri, 29 Jul 2022 | CN¥2.4t | CN¥1.3t | CN¥75.2b | 23.5x | 31.4x | 1.8x |
| Sun, 26 Jun 2022 | CN¥2.3t | CN¥1.3t | CN¥72.4b | 22x | 31.8x | 1.8x |
| Tue, 24 May 2022 | CN¥2.2t | CN¥1.3t | CN¥72.8b | 21x | 30.6x | 1.7x |
| Thu, 21 Apr 2022 | CN¥2.2t | CN¥1.2t | CN¥91.2b | 23.1x | 24x | 1.9x |
| Sat, 19 Mar 2022 | CN¥2.3t | CN¥1.2t | CN¥96.0b | 22.9x | 23.7x | 1.9x |
| Mon, 14 Feb 2022 | CN¥2.4t | CN¥1.2t | CN¥96.0b | 24.1x | 25.2x | 2.1x |
| Wed, 12 Jan 2022 | CN¥2.4t | CN¥1.2t | CN¥96.0b | 25.5x | 25.2x | 2.1x |
| Fri, 10 Dec 2021 | CN¥2.4t | CN¥1.2t | CN¥95.9b | 25.8x | 25x | 2.1x |
| Sun, 07 Nov 2021 | CN¥2.3t | CN¥1.2t | CN¥96.5b | 22.9x | 23.7x | 2x |
| Tue, 05 Oct 2021 | CN¥2.6t | CN¥1.1t | CN¥115.9b | 25.2x | 22.5x | 2.3x |
| Thu, 02 Sep 2021 | CN¥2.2t | CN¥1.1t | CN¥116.1b | 22.1x | 19.4x | 2x |
| Sat, 31 Jul 2021 | CN¥2.0t | CN¥1.1t | CN¥115.7b | 19.1x | 17.2x | 1.8x |
Price to Earnings Ratio
17.3x
Current Industry PE
- Investors are pessimistic on the Chinese Utilities 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 18.7x which is lower than its 3-year average PE of 24.0x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 9.8% per year over the last three years.
- Revenues for these companies have grown 14% 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 Utilities sector?
| CN Market | 0.029% | |
| Utilities | -0.32% | |
| Electric Utilities | 0.42% | |
| Water Utilities | 0.33% | |
| Renewable Energy | -0.35% | |
| Gas Utilities | -1.16% | |
| Other Utilities | -2.29% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 67.3x.
- Analysts are expecting annual earnings growth of 26.8%, which is higher than its past year's earnings growth of 9.0% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 16.6x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 9.0% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 600900 China Yangtze Power | CN¥25.78 | 1.2% +CN¥7.3b | 13.0% | PE22.9x | |
| 600995 China Southern Power Grid Energy Storage | CN¥11.08 | 7.2% +CN¥2.4b | -13.2% | PE38.5x | |
| 600886 SDIC Power Holdings | CN¥15.88 | 1.7% +CN¥1.9b | 26.7% | PE16.6x | |
| 603693 Jiangsu New Energy Development | CN¥13.68 | 13.9% +CN¥1.5b | 4.9% | PE22.3x | |
| 791 GEPIC Energy Development | CN¥7.34 | 13.1% +CN¥1.4b | 39.3% | PE19.1x |
