A Piece Of The Puzzle Missing From CSSC Offshore & Marine Engineering (Group) Company Limited's (HKG:317) 31% Share Price Climb
May 13
Hong Kong (HSI) Construction Machinery and Vehicles Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies12
- 7D-1.0%
- 3M19.1%
- 1Y16.0%
- YTDn/a
Over the last 7 days, the Construction Machinery and Vehicles industry has dropped 1.0%, driven by a pullback from Weichai Power of 7.1%. Meanwhile, CSSC Offshore & Marine Engineering (Group) actually outperformed within the industry, gaining 14% in the last week. This takes the industry's 12 month performance to a gain of 16%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Hong Kong Construction Machinery and Vehicles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$359.0b | HK$433.2b | HK$25.1b | 11.5x | 14.3x | 0.8x |
| Tue, 16 Apr 2024 | HK$368.8b | HK$430.6b | HK$24.5b | 10.6x | 15.1x | 0.9x |
| Thu, 14 Mar 2024 | HK$331.9b | HK$407.7b | HK$22.1b | 10.5x | 15x | 0.8x |
| Sat, 10 Feb 2024 | HK$312.8b | HK$406.9b | HK$22.0b | 9x | 14.2x | 0.8x |
| Mon, 08 Jan 2024 | HK$297.7b | HK$409.8b | HK$22.2b | 9.7x | 13.4x | 0.7x |
| Wed, 06 Dec 2023 | HK$300.6b | HK$409.9b | HK$22.2b | 10.3x | 13.6x | 0.7x |
| Fri, 03 Nov 2023 | HK$297.8b | HK$400.5b | HK$21.7b | 12.4x | 13.7x | 0.7x |
| Sun, 01 Oct 2023 | HK$303.5b | HK$387.4b | HK$19.4b | 13.4x | 15.6x | 0.8x |
| Tue, 29 Aug 2023 | HK$295.8b | HK$360.5b | HK$17.2b | 13.9x | 17.2x | 0.8x |
| Thu, 27 Jul 2023 | HK$324.5b | HK$363.0b | HK$16.1b | 15.8x | 20.2x | 0.9x |
| Sat, 24 Jun 2023 | HK$301.0b | HK$362.8b | HK$16.1b | 15.2x | 18.7x | 0.8x |
| Mon, 22 May 2023 | HK$316.0b | HK$370.8b | HK$16.4b | 16.4x | 19.2x | 0.9x |
| Wed, 19 Apr 2023 | HK$309.6b | HK$365.7b | HK$15.2b | 16.4x | 20.3x | 0.8x |
| Fri, 17 Mar 2023 | HK$298.0b | HK$335.0b | HK$13.8b | 14.7x | 21.5x | 0.9x |
| Sun, 12 Feb 2023 | HK$301.9b | HK$338.8b | HK$13.8b | 15x | 21.9x | 0.9x |
| Tue, 10 Jan 2023 | HK$295.6b | HK$338.3b | HK$13.8b | 16.2x | 21.4x | 0.9x |
| Thu, 08 Dec 2022 | HK$281.4b | HK$326.7b | HK$13.3b | 14.8x | 21.1x | 0.9x |
| Sat, 05 Nov 2022 | HK$188.7b | HK$297.2b | HK$10.3b | 14.3x | 18.2x | 0.6x |
| Mon, 03 Oct 2022 | HK$176.5b | HK$301.8b | HK$11.1b | 14.2x | 16x | 0.6x |
| Wed, 31 Aug 2022 | HK$210.0b | HK$377.7b | HK$16.0b | 15.4x | 13.1x | 0.6x |
| Fri, 29 Jul 2022 | HK$225.9b | HK$393.8b | HK$17.6b | 15.1x | 12.9x | 0.6x |
| Sun, 26 Jun 2022 | HK$234.5b | HK$398.2b | HK$17.8b | 14.3x | 13.2x | 0.6x |
| Tue, 24 May 2022 | HK$246.2b | HK$432.8b | HK$20.2b | 13.2x | 12.2x | 0.6x |
| Thu, 21 Apr 2022 | HK$263.1b | HK$490.8b | HK$24.1b | 13.6x | 10.9x | 0.5x |
| Sat, 19 Mar 2022 | HK$276.6b | HK$536.6b | HK$30.0b | 13.7x | 9.2x | 0.5x |
| Mon, 14 Feb 2022 | HK$306.4b | HK$535.2b | HK$29.5b | 15.6x | 10.4x | 0.6x |
| Wed, 12 Jan 2022 | HK$328.7b | HK$533.3b | HK$29.4b | 15.2x | 11.2x | 0.6x |
| Fri, 10 Dec 2021 | HK$333.6b | HK$536.0b | HK$29.6b | 14.4x | 11.3x | 0.6x |
| Sun, 07 Nov 2021 | HK$286.2b | HK$530.5b | HK$29.3b | 15.2x | 9.8x | 0.5x |
| Tue, 05 Oct 2021 | HK$321.0b | HK$544.7b | HK$30.1b | 14x | 10.7x | 0.6x |
| Thu, 02 Sep 2021 | HK$371.3b | HK$542.4b | HK$30.0b | 17.2x | 12.4x | 0.7x |
| Sat, 31 Jul 2021 | HK$318.7b | HK$542.4b | HK$30.0b | 15.8x | 10.6x | 0.6x |
Price to Earnings Ratio
11.8x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Construction Machinery and Heavy Trucks 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 PE ratio of 14.9x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Construction Machinery and Heavy Trucks industry have declined 4.3% per year over the last three years,
- Revenues have also declined 5.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Construction Machinery and Vehicles compare with similar industries?
| HK Market | 2.56% | |
| Industrials | 2.55% | |
| Machinery | -1.95% | |
| Construction Machinery and Vehicles | -1.04% | |
| Agricultural Machinery | -0.76% | |
| Industrial Machinery | -3.04% | |
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 | |
|---|---|---|---|---|---|
| 317 CSSC Offshore & Marine Engineering (Group) | HK$14.04 | 14.0% +HK$2.4b | 15.1% | PE203.9x | |
| 3898 Zhuzhou CRRC Times Electric | HK$31.90 | 5.6% +HK$2.4b | -5.9% | PE12.9x | |
| 631 Sany Heavy Equipment International Holdings | HK$6.99 | 3.4% +HK$734.3m | -36.3% | PE11.5x | |
| 3339 Lonking Holdings | HK$1.63 | 5.2% +HK$342.4m | 15.6% | PE10x | |
| 1786 CRCC High-Tech Equipment | HK$0.77 | 8.5% +HK$91.2m | -4.9% | PE7.5x |
