A Piece Of The Puzzle Missing From Harbin Electric Company Limited's (HKG:1133) 25% Share Price Climb
May 10
Hong Kong (HSI) Electrical Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies31
- 7D1.9%
- 3M18.6%
- 1Y-7.9%
- YTD7.4%
In the last week, the Electrical industry is up 1.9%, with Sanergy Group up 17%. In contrast, the industry has lost 7.9% in the last 12 months. Looking forward, earnings are forecast to grow by 62% annually.
Industry Valuation and Performance
Has the Hong Kong Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$201.7b | HK$336.0b | -HK$621,915,437.11 | 10x | -324.3x | 0.6x |
| Tue, 16 Apr 2024 | HK$194.3b | HK$337.9b | HK$2.0b | 8.3x | 96.5x | 0.6x |
| Thu, 14 Mar 2024 | HK$193.2b | HK$337.5b | HK$1.7b | 7.7x | 114.2x | 0.6x |
| Sat, 10 Feb 2024 | HK$185.4b | HK$337.0b | HK$1.7b | 6.2x | 107.9x | 0.6x |
| Mon, 08 Jan 2024 | HK$198.7b | HK$360.3b | HK$1.9b | 7.2x | 105.3x | 0.6x |
| Wed, 06 Dec 2023 | HK$157.5b | HK$341.6b | HK$2.4b | 7.2x | 66.1x | 0.5x |
| Fri, 03 Nov 2023 | HK$147.4b | HK$335.2b | HK$2.6b | 9.1x | 57.8x | 0.4x |
| Sun, 01 Oct 2023 | HK$154.8b | HK$336.2b | HK$1.7b | 9.8x | 93.6x | 0.5x |
| Tue, 29 Aug 2023 | HK$158.0b | HK$326.9b | HK$798.6m | 11.3x | 197.8x | 0.5x |
| Thu, 27 Jul 2023 | HK$170.2b | HK$330.3b | HK$403.9m | 10.4x | 421.4x | 0.5x |
| Sat, 24 Jun 2023 | HK$164.5b | HK$329.2b | HK$354.3m | 9.9x | 464.2x | 0.5x |
| Mon, 22 May 2023 | HK$173.3b | HK$335.7b | HK$366.9m | 10.4x | 472.3x | 0.5x |
| Wed, 19 Apr 2023 | HK$181.5b | HK$348.2b | HK$51.1m | 10.9x | 3553.7x | 0.5x |
| Fri, 17 Mar 2023 | HK$180.7b | HK$338.6b | -HK$11,241,314,260.00 | 12.4x | -16.1x | 0.5x |
| Sun, 12 Feb 2023 | HK$184.8b | HK$343.1b | -HK$11,332,674,336.00 | 12.8x | -16.3x | 0.5x |
| Tue, 10 Jan 2023 | HK$179.3b | HK$341.4b | -HK$11,400,932,011.00 | 10.3x | -15.7x | 0.5x |
| Thu, 08 Dec 2022 | HK$173.5b | HK$330.4b | -HK$11,001,791,328.00 | 11.2x | -15.8x | 0.5x |
| Sat, 05 Nov 2022 | HK$251.2b | HK$337.2b | -HK$8,071,080,485.00 | 13.2x | -31.1x | 0.7x |
| Mon, 03 Oct 2022 | HK$233.4b | HK$345.8b | -HK$7,602,325,561.00 | 13.7x | -30.7x | 0.7x |
| Wed, 31 Aug 2022 | HK$261.5b | HK$368.0b | -HK$13,434,177,042.00 | 14.6x | -19.5x | 0.7x |
| Fri, 29 Jul 2022 | HK$230.7b | HK$374.9b | -HK$12,857,697,470.00 | 12.3x | -17.9x | 0.6x |
| Sun, 26 Jun 2022 | HK$235.8b | HK$392.8b | -HK$13,963,466,562.00 | 12.6x | -16.9x | 0.6x |
| Tue, 24 May 2022 | HK$214.5b | HK$392.5b | -HK$13,932,719,936.00 | 12.2x | -15.4x | 0.5x |
| Thu, 21 Apr 2022 | HK$217.3b | HK$404.2b | -HK$13,624,086,172.00 | 9.9x | -16x | 0.5x |
| Sat, 19 Mar 2022 | HK$261.4b | HK$427.6b | HK$5.5b | 5.5x | 47.8x | 0.6x |
| Mon, 14 Feb 2022 | HK$268.3b | HK$425.7b | HK$5.5b | 7.4x | 48.6x | 0.6x |
| Wed, 12 Jan 2022 | HK$289.3b | HK$424.2b | HK$5.5b | 6.9x | 52.4x | 0.7x |
| Fri, 10 Dec 2021 | HK$322.0b | HK$426.3b | HK$5.5b | 6.1x | 58.1x | 0.8x |
| Sun, 07 Nov 2021 | HK$295.0b | HK$421.5b | HK$5.4b | 7.6x | 54.2x | 0.7x |
| Tue, 05 Oct 2021 | HK$279.1b | HK$416.3b | HK$6.0b | 7.2x | 46.2x | 0.7x |
| Thu, 02 Sep 2021 | HK$223.9b | HK$416.3b | HK$5.6b | 8.2x | 39.8x | 0.5x |
| Sat, 31 Jul 2021 | HK$228.7b | HK$416.3b | HK$5.6b | 8.7x | 40.6x | 0.5x |
Price to Earnings Ratio
15.4x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Electrical industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- Total earnings for the Electrical industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 5.5% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 2.56% | |
| Industrials | 2.55% | |
| Electrical | 1.91% | |
| Electrical Components | 3.62% | |
| Heavy Electrical Equipment | 1.06% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry even though it's trading below its 3-year average PE ratio of 1kx.
- Analysts are expecting annual earnings growth of 52.9%, which is higher than its past year's earnings growth of 16.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 97% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 53% 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 | |
|---|---|---|---|---|---|
| 2459 Sanergy Group | HK$7.86 | 17.1% +HK$1.2b | 220.8% | PS14.1x | |
| 666 REPT BATTERO Energy | HK$15.24 | 1.6% +HK$546.4m | n/a | PS2.3x | |
| 1729 Time Interconnect Technology | HK$2.10 | 8.8% +HK$330.8m | 28.0% | PE11.1x | |
| 1072 Dongfang Electric | HK$12.18 | 0.8% +HK$311.7m | 9.7% | PE10.2x | |
| 2727 Shanghai Electric Group | HK$1.69 | 1.2% +HK$311.6m | -16.7% | PS0.2x |
