Returns On Capital At Yankuang Energy Group (HKG:1171) Have Hit The Brakes
May 28
Hong Kong (HSI) Energy Sector Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies53
- 7D5.3%
- 3M26.8%
- 1Y47.4%
- YTD44.1%
In the last week, the Energy industry is up 5.3%, with CNOOC leading the way, up 6.6%. In the last 12 months, the industry was up 47%. In the next few years earnings are forecast to be pretty stable.
Sector Valuation and Performance
Has the Hong Kong Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$5.4t | HK$8.3t | HK$489.6b | 7.3x | 11x | 0.7x |
| Sat, 27 Apr 2024 | HK$5.2t | HK$8.2t | HK$496.8b | 6.6x | 10.5x | 0.6x |
| Mon, 25 Mar 2024 | HK$4.7t | HK$8.4t | HK$496.9b | 6.5x | 9.5x | 0.6x |
| Wed, 21 Feb 2024 | HK$4.6t | HK$8.5t | HK$502.0b | 6.9x | 9.1x | 0.5x |
| Fri, 19 Jan 2024 | HK$3.9t | HK$8.5t | HK$501.1b | 6.1x | 7.8x | 0.5x |
| Sun, 17 Dec 2023 | HK$3.7t | HK$8.6t | HK$505.2b | 6.4x | 7.3x | 0.4x |
| Tue, 14 Nov 2023 | HK$3.8t | HK$8.4t | HK$493.6b | 6.5x | 7.7x | 0.5x |
| Thu, 12 Oct 2023 | HK$4.0t | HK$8.4t | HK$496.6b | 6.8x | 8x | 0.5x |
| Sat, 09 Sep 2023 | HK$4.0t | HK$8.4t | HK$494.9b | 6.7x | 8.2x | 0.5x |
| Mon, 07 Aug 2023 | HK$3.9t | HK$8.7t | HK$534.7b | 7x | 7.2x | 0.4x |
| Wed, 05 Jul 2023 | HK$4.0t | HK$8.7t | HK$532.4b | 7.3x | 7.5x | 0.5x |
| Fri, 02 Jun 2023 | HK$3.9t | HK$8.8t | HK$539.9b | 6.5x | 7.3x | 0.4x |
| Sun, 30 Apr 2023 | HK$4.2t | HK$9.1t | HK$556.8b | 6.5x | 7.6x | 0.5x |
| Tue, 28 Mar 2023 | HK$3.5t | HK$8.9t | HK$520.0b | 6.8x | 6.8x | 0.4x |
| Thu, 23 Feb 2023 | HK$3.4t | HK$8.9t | HK$525.3b | 6.5x | 6.5x | 0.4x |
| Sat, 21 Jan 2023 | HK$3.4t | HK$9.0t | HK$533.1b | 6.4x | 6.4x | 0.4x |
| Mon, 19 Dec 2022 | HK$3.2t | HK$8.7t | HK$515.3b | 7.4x | 6.3x | 0.4x |
| Wed, 16 Nov 2022 | HK$3.2t | HK$8.6t | HK$512.0b | 7.9x | 6.3x | 0.4x |
| Fri, 14 Oct 2022 | HK$3.2t | HK$8.2t | HK$464.9b | 7.6x | 6.9x | 0.4x |
| Sun, 11 Sep 2022 | HK$3.5t | HK$8.5t | HK$481.2b | 9.1x | 7.3x | 0.4x |
| Tue, 09 Aug 2022 | HK$3.2t | HK$8.2t | HK$424.8b | 10.6x | 7.6x | 0.4x |
| Thu, 07 Jul 2022 | HK$3.3t | HK$8.2t | HK$427.4b | 11x | 7.8x | 0.4x |
| Sat, 04 Jun 2022 | HK$3.6t | HK$8.3t | HK$430.8b | 10.6x | 8.5x | 0.4x |
| Mon, 02 May 2022 | HK$3.2t | HK$8.1t | HK$409.8b | 11.1x | 7.9x | 0.4x |
| Wed, 30 Mar 2022 | HK$3.6t | HK$7.7t | HK$350.1b | 10.1x | 10.2x | 0.5x |
| Fri, 25 Feb 2022 | HK$3.5t | HK$7.4t | HK$341.7b | 8.3x | 10.2x | 0.5x |
| Sun, 23 Jan 2022 | HK$3.2t | HK$7.4t | HK$339.5b | 8.5x | 9.4x | 0.4x |
| Tue, 21 Dec 2021 | HK$2.9t | HK$7.4t | HK$338.2b | 7.5x | 8.7x | 0.4x |
| Thu, 18 Nov 2021 | HK$2.9t | HK$7.3t | HK$336.7b | 7.7x | 8.5x | 0.4x |
| Sat, 16 Oct 2021 | HK$3.3t | HK$6.7t | HK$376.1b | 9.9x | 8.7x | 0.5x |
| Mon, 13 Sep 2021 | HK$3.3t | HK$6.7t | HK$374.4b | 13.1x | 8.8x | 0.5x |
| Wed, 11 Aug 2021 | HK$2.7t | HK$6.7t | HK$375.2b | 8.8x | 7.3x | 0.4x |
| Sun, 06 Jun 2021 | HK$2.9t | HK$6.1t | HK$274.4b | 9.9x | 10.5x | 0.5x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.0x which is higher than its 3-year average PE of 8.1x.
- The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 11% 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 Hong Kong Energy sector?
| HK Market | -2.07% | |
| Energy | 5.28% | |
| Oil and Gas | 5.39% | |
| Energy Services | 0.72% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings growth of 13.7% per year.
- Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.9x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| 883 CNOOC | HK$20.45 | 6.6% +HK$60.4b | 73.0% | PE6.9x | |
| 857 PetroChina | HK$7.96 | 3.8% +HK$53.1b | 53.7% | PE8.3x | |
| 1088 China Shenhua Energy | HK$37.50 | 2.3% +HK$16.9b | 53.4% | PE12.2x | |
| 1898 China Coal Energy | HK$9.37 | 4.6% +HK$5.4b | 55.9% | PE6.6x | |
| 1138 COSCO SHIPPING Energy Transportation | HK$10.98 | 3.4% +HK$1.7b | 71.0% | PE13.9x |
