Galaxy Entertainment Group Limited (HKG:27) Investors Are Less Pessimistic Than Expected
May 13
Hong Kong (HSI) Hospitality Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies92
- 7D4.8%
- 3M37.8%
- 1Y-8.4%
- YTD31.5%
The Hospitality industry is up 4.8% in the last week, with Meituan up 5.4%. During this same period, the Nayuki Holdings underperformed, falling 5.4%. In the past year, the industry is down 8.4%. As for the next few years, earnings are expected to grow by 32% per annum.
Industry Valuation and Performance
Has the Hong Kong Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$1.3t | HK$602.4b | HK$29.0b | 13.9x | 46.4x | 2.2x |
| Tue, 16 Apr 2024 | HK$1.1t | HK$596.9b | HK$28.0b | 13.8x | 40.7x | 1.9x |
| Thu, 14 Mar 2024 | HK$1.1t | HK$550.8b | HK$18.8b | 13.4x | 58x | 2x |
| Sat, 10 Feb 2024 | HK$900.0b | HK$526.2b | HK$7.6b | 11.3x | 118.3x | 1.7x |
| Mon, 08 Jan 2024 | HK$990.1b | HK$528.6b | HK$7.6b | 12.2x | 130.7x | 1.9x |
| Wed, 06 Dec 2023 | HK$1.0t | HK$513.4b | HK$5.0b | 14.2x | 207.7x | 2x |
| Fri, 03 Nov 2023 | HK$1.2t | HK$501.7b | HK$4.0b | 14.3x | 304.9x | 2.4x |
| Sun, 01 Oct 2023 | HK$1.3t | HK$502.8b | HK$4.0b | 16x | 331.3x | 2.6x |
| Tue, 29 Aug 2023 | HK$1.5t | HK$482.5b | -HK$7,359,873,916.00 | 14.6x | -200.9x | 3.1x |
| Thu, 27 Jul 2023 | HK$1.5t | HK$450.6b | -HK$19,749,089,379.00 | 15.8x | -76x | 3.3x |
| Sat, 24 Jun 2023 | HK$1.4t | HK$449.3b | -HK$21,287,306,816.00 | 18x | -66x | 3.1x |
| Mon, 22 May 2023 | HK$1.5t | HK$441.3b | -HK$31,853,754,597.00 | 18.1x | -45.8x | 3.3x |
| Wed, 19 Apr 2023 | HK$1.6t | HK$449.4b | -HK$32,110,600,590.00 | 17x | -48.9x | 3.5x |
| Fri, 17 Mar 2023 | HK$639.6b | HK$199.8b | -HK$32,166,700,865.00 | 20.8x | -19.9x | 3.2x |
| Sun, 12 Feb 2023 | HK$678.7b | HK$207.1b | -HK$26,047,098,462.00 | 22.7x | -26.1x | 3.3x |
| Tue, 10 Jan 2023 | HK$721.6b | HK$205.9b | -HK$26,987,603,760.00 | 22.1x | -26.7x | 3.5x |
| Thu, 08 Dec 2022 | HK$628.5b | HK$202.4b | -HK$26,692,178,483.00 | 18.8x | -23.5x | 3.1x |
| Sat, 05 Nov 2022 | HK$522.7b | HK$200.1b | -HK$26,958,431,661.00 | 17.2x | -19.4x | 2.6x |
| Mon, 03 Oct 2022 | HK$557.7b | HK$202.6b | -HK$27,139,024,323.00 | 19.2x | -20.5x | 2.8x |
| Wed, 31 Aug 2022 | HK$575.4b | HK$213.0b | -HK$29,211,319,864.00 | 24.8x | -19.7x | 2.7x |
| Fri, 29 Jul 2022 | HK$743.5b | HK$236.7b | -HK$36,425,609,986.00 | 23.2x | -20.4x | 3.1x |
| Sun, 26 Jun 2022 | HK$697.6b | HK$237.7b | -HK$37,129,090,995.00 | 17.4x | -18.8x | 2.9x |
| Tue, 24 May 2022 | HK$665.5b | HK$256.6b | -HK$36,380,174,330.00 | 20.7x | -18.3x | 2.6x |
| Thu, 21 Apr 2022 | HK$764.9b | HK$265.6b | -HK$40,881,478,019.00 | 17.4x | -18.7x | 2.9x |
| Sat, 19 Mar 2022 | HK$731.1b | HK$250.5b | -HK$35,789,370,930.00 | 16.6x | -20.4x | 2.9x |
| Mon, 14 Feb 2022 | HK$890.7b | HK$249.4b | -HK$42,349,065,114.00 | 22.8x | -21x | 3.6x |
| Wed, 12 Jan 2022 | HK$769.4b | HK$252.4b | -HK$41,135,820,385.00 | 19.6x | -18.7x | 3x |
| Fri, 10 Dec 2021 | HK$836.0b | HK$253.0b | -HK$41,157,097,772.00 | 22.3x | -20.3x | 3.3x |
| Sun, 07 Nov 2021 | HK$805.5b | HK$249.1b | -HK$40,753,827,170.00 | 19x | -19.8x | 3.2x |
| Tue, 05 Oct 2021 | HK$854.7b | HK$246.6b | -HK$40,984,934,687.00 | 23.4x | -20.9x | 3.5x |
| Thu, 02 Sep 2021 | HK$1.0t | HK$244.7b | -HK$40,808,055,255.44 | 24.1x | -24.8x | 4.1x |
| Sat, 31 Jul 2021 | HK$991.3b | HK$244.7b | -HK$40,808,055,255.44 | 25.2x | -24.3x | 4.1x |
Price to Earnings Ratio
-25x
Current Industry PE
- Investors are optimistic on the Hong Kong Hospitality industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.4x which is higher than its 3-year average PE of 19.2x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 40% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | 2.56% | |
| Consumer Discretionary | 2.09% | |
| Hospitality | 4.77% | |
| Casinos and Gaming | 6.59% | |
| Restaurants | 4.53% | |
| Leisure Facilities | 4.23% | |
| Hotels, Resorts and Cruise Lines | 3.47% | |
Industry PE
- Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry which is trading above its 3-year average PE ratio of 0.76x.
- Analysts are expecting annual earnings growth of 19.6%, which is lower than the prior year's growth of 113.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 90% over the next 5 years.
- In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 3690 Meituan | HK$125.00 | 5.4% +HK$39.7b | -2.8% | PE51.8x | |
| 27 Galaxy Entertainment Group | HK$39.90 | 7.0% +HK$11.4b | -23.3% | PE25.5x | |
| 1928 Sands China | HK$21.00 | 4.7% +HK$7.7b | -20.8% | PE31.5x | |
| 696 TravelSky Technology | HK$11.66 | 6.8% +HK$2.2b | -18.6% | PE22.6x | |
| 880 SJM Holdings | HK$3.10 | 6.9% +HK$1.4b | -9.1% | PS1x |
