Be Wary Of TCL Electronics Holdings (HKG:1070) And Its Returns On Capital
May 29
Hong Kong (HSI) Consumer Electronics Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies9
- 7D1.8%
- 3M47.0%
- 1Y18.5%
- YTDn/a
Over the last 7 days, the Consumer Electronics industry has risen 1.8%, driven by gains from TCL Electronics Holdings of 5.8%. This means that the industry has gained 18% over the past year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Hong Kong Consumer Electronics Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$24.0b | HK$157.8b | HK$1.7b | 6.9x | 14.2x | 0.2x |
| Sat, 27 Apr 2024 | HK$23.0b | HK$158.1b | HK$1.6b | 6.6x | 14.4x | 0.1x |
| Mon, 25 Mar 2024 | HK$16.8b | HK$101.8b | HK$940.8m | 7.6x | 17.9x | 0.2x |
| Wed, 21 Feb 2024 | HK$15.3b | HK$102.0b | HK$944.6m | 7.1x | 16.2x | 0.2x |
| Fri, 19 Jan 2024 | HK$15.0b | HK$102.0b | HK$945.0m | 7.6x | 15.9x | 0.1x |
| Sun, 17 Dec 2023 | HK$15.2b | HK$102.2b | HK$951.8m | 7.6x | 16x | 0.1x |
| Tue, 14 Nov 2023 | HK$16.4b | HK$101.6b | HK$893.7m | 10.9x | 18.4x | 0.2x |
| Thu, 12 Oct 2023 | HK$17.7b | HK$143.1b | HK$923.1m | 10.7x | 19.1x | 0.1x |
| Sat, 09 Sep 2023 | HK$18.1b | HK$142.9b | HK$920.7m | 10.8x | 19.6x | 0.1x |
| Mon, 07 Aug 2023 | HK$21.4b | HK$134.6b | HK$964.1m | 9.4x | 22.2x | 0.2x |
| Wed, 05 Jul 2023 | HK$26.9b | HK$149.3b | HK$1.1b | 12.2x | 23.5x | 0.2x |
| Fri, 02 Jun 2023 | HK$23.9b | HK$150.5b | HK$1.1b | 10.2x | 21.2x | 0.2x |
| Sun, 30 Apr 2023 | HK$26.9b | HK$152.8b | HK$1.1b | 10.6x | 24.1x | 0.2x |
| Tue, 28 Mar 2023 | HK$25.5b | HK$153.5b | HK$1.1b | 13.6x | 22.5x | 0.2x |
| Thu, 23 Feb 2023 | HK$29.3b | HK$158.5b | HK$2.1b | 9.4x | 14.2x | 0.2x |
| Sat, 21 Jan 2023 | HK$32.2b | HK$159.7b | HK$2.1b | 9.8x | 15.4x | 0.2x |
| Mon, 19 Dec 2022 | HK$24.7b | HK$157.0b | HK$2.0b | 8.9x | 12.2x | 0.2x |
| Wed, 16 Nov 2022 | HK$24.8b | HK$156.6b | HK$2.0b | 8.4x | 12.3x | 0.2x |
| Fri, 14 Oct 2022 | HK$21.1b | HK$154.8b | HK$2.3b | 6.5x | 9.4x | 0.1x |
| Sun, 11 Sep 2022 | HK$25.1b | HK$157.5b | HK$2.3b | 7.9x | 10.8x | 0.2x |
| Tue, 09 Aug 2022 | HK$25.5b | HK$161.8b | HK$3.8b | 7.5x | 6.8x | 0.2x |
| Thu, 07 Jul 2022 | HK$26.8b | HK$162.3b | HK$3.8b | 7.2x | 7.1x | 0.2x |
| Sat, 04 Jun 2022 | HK$28.4b | HK$164.3b | HK$3.5b | 7.1x | 8.2x | 0.2x |
| Mon, 02 May 2022 | HK$29.0b | HK$164.9b | HK$3.6b | 7x | 8.1x | 0.2x |
| Wed, 30 Mar 2022 | HK$28.9b | HK$167.9b | HK$3.6b | 6.8x | 8x | 0.2x |
| Fri, 25 Feb 2022 | HK$31.2b | HK$158.9b | HK$5.4b | 6.3x | 5.8x | 0.2x |
| Sun, 23 Jan 2022 | HK$39.7b | HK$158.4b | HK$5.3b | 8.6x | 7.4x | 0.3x |
| Tue, 21 Dec 2021 | HK$38.1b | HK$158.1b | HK$5.3b | 8.9x | 7.1x | 0.2x |
| Thu, 18 Nov 2021 | HK$44.0b | HK$157.9b | HK$5.4b | 15.4x | 8.2x | 0.3x |
| Sat, 16 Oct 2021 | HK$32.8b | HK$154.5b | HK$5.1b | 16.5x | 6.5x | 0.2x |
| Mon, 13 Sep 2021 | HK$36.3b | HK$154.1b | HK$5.1b | 16.5x | 7.2x | 0.2x |
| Wed, 11 Aug 2021 | HK$37.1b | HK$154.1b | HK$5.1b | 18.5x | 7.3x | 0.2x |
| Sun, 06 Jun 2021 | HK$37.9b | HK$139.6b | HK$4.7b | 13.8x | 8.1x | 0.3x |
Price to Earnings Ratio
8.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Consumer Electronics industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.2x which is higher than its 3-year average PE of 12.8x.
- The industry is trading close to its 3-year average PS ratio of 0.18x.
Past Earnings Growth
- The earnings for companies in the Consumer Electronics industry have declined 29% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.2% 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 Comparison
How does Hong Kong Consumer Electronics compare with similar industries?
| HK Market | -2.07% | |
| Consumer Discretionary | -3.13% | |
| Consumer Durables | -1.58% | |
| Consumer Electronics | 1.77% | |
| Housewares and Specialties | -0.45% | |
| Home Furnishings | -2.35% | |
| Household Appliances | -3.25% | |
| Homebuilding | -7.91% | |
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 | |
|---|---|---|---|---|---|
| 1070 TCL Electronics Holdings | HK$5.81 | 5.8% +HK$854.9m | 81.0% | PE19.7x | |
| 176 Superactive Group | HK$0.02 | 11.1% +HK$4.1m | -4.8% | PS0.6x | |
| 485 China Sinostar Group | HK$0.16 | 9.7% +HK$3.0m | -12.2% | PS0.9x |