Ever Harvest Group Holdings Limited's (HKG:1549) Price Is Right But Growth Is Lacking After Shares Rocket 29%
May 12
Hong Kong (HSI) Marine Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies15
- 7D6.3%
- 3M42.4%
- 1Y21.9%
- YTDn/a
The Marine industry is up 6.3% in the last week, with COSCO SHIPPING Holdings up 8.4%. During this same period, the Pacific Basin Shipping underperformed, falling 5.1%. This means that the industry has gained 22% over the past year. As for the next few years, earnings are forecast to decline by 4.6% per annum.
Industry Valuation and Performance
Has the Hong Kong Marine Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$404.2b | HK$300.3b | HK$41.1b | 13.7x | 9.8x | 1.3x |
| Tue, 16 Apr 2024 | HK$303.9b | HK$299.9b | HK$41.6b | 11.9x | 7.3x | 1x |
| Thu, 14 Mar 2024 | HK$313.1b | HK$378.3b | HK$85.0b | 9.5x | 3.7x | 0.8x |
| Sat, 10 Feb 2024 | HK$298.7b | HK$386.8b | HK$90.9b | 6.6x | 3.3x | 0.8x |
| Mon, 08 Jan 2024 | HK$303.9b | HK$388.2b | HK$91.1b | 6.5x | 3.3x | 0.8x |
| Wed, 06 Dec 2023 | HK$274.8b | HK$385.6b | HK$91.0b | 5.8x | 3x | 0.7x |
| Fri, 03 Nov 2023 | HK$274.5b | HK$380.5b | HK$90.2b | 5.9x | 3x | 0.7x |
| Sun, 01 Oct 2023 | HK$282.9b | HK$448.8b | HK$119.4b | 6.1x | 2.4x | 0.6x |
| Tue, 29 Aug 2023 | HK$289.8b | HK$516.4b | HK$150.0b | 5.5x | 1.9x | 0.6x |
| Thu, 27 Jul 2023 | HK$307.4b | HK$584.6b | HK$196.1b | 6.2x | 1.6x | 0.5x |
| Sat, 24 Jun 2023 | HK$291.5b | HK$585.1b | HK$196.6b | 4.2x | 1.5x | 0.5x |
| Mon, 22 May 2023 | HK$342.5b | HK$592.8b | HK$198.6b | 4.1x | 1.7x | 0.6x |
| Wed, 19 Apr 2023 | HK$386.1b | HK$669.5b | HK$224.8b | 4.1x | 1.7x | 0.6x |
| Fri, 17 Mar 2023 | HK$342.3b | HK$704.8b | HK$235.3b | 3.1x | 1.5x | 0.5x |
| Sun, 12 Feb 2023 | HK$343.2b | HK$711.9b | HK$239.8b | 2.5x | 1.4x | 0.5x |
| Tue, 10 Jan 2023 | HK$336.7b | HK$710.0b | HK$239.1b | 2.7x | 1.4x | 0.5x |
| Thu, 08 Dec 2022 | HK$362.7b | HK$692.6b | HK$234.0b | 2.5x | 1.5x | 0.5x |
| Sat, 05 Nov 2022 | HK$319.6b | HK$679.3b | HK$230.7b | 1.9x | 1.4x | 0.5x |
| Mon, 03 Oct 2022 | HK$331.7b | HK$676.2b | HK$231.9b | 2.1x | 1.4x | 0.5x |
| Wed, 31 Aug 2022 | HK$468.5b | HK$654.3b | HK$218.0b | 2.8x | 2.1x | 0.7x |
| Fri, 29 Jul 2022 | HK$511.7b | HK$618.8b | HK$190.6b | 4x | 2.7x | 0.8x |
| Sun, 26 Jun 2022 | HK$464.3b | HK$623.5b | HK$191.9b | 4.6x | 2.4x | 0.7x |
| Tue, 24 May 2022 | HK$541.9b | HK$623.2b | HK$191.8b | 4.7x | 2.8x | 0.9x |
| Thu, 21 Apr 2022 | HK$513.2b | HK$593.3b | HK$182.3b | 4.5x | 2.8x | 0.9x |
| Sat, 19 Mar 2022 | HK$569.6b | HK$554.4b | HK$155.0b | 5.7x | 3.7x | 1x |
| Mon, 14 Feb 2022 | HK$560.9b | HK$478.6b | HK$126.2b | 10.6x | 4.4x | 1.2x |
| Wed, 12 Jan 2022 | HK$547.8b | HK$477.3b | HK$125.8b | 10.2x | 4.4x | 1.1x |
| Fri, 10 Dec 2021 | HK$560.2b | HK$479.1b | HK$126.3b | 11.3x | 4.4x | 1.2x |
| Sun, 07 Nov 2021 | HK$460.0b | HK$475.2b | HK$125.2b | 9.1x | 3.7x | 1x |
| Tue, 05 Oct 2021 | HK$478.2b | HK$414.1b | HK$91.0b | 10.4x | 5.3x | 1.2x |
| Thu, 02 Sep 2021 | HK$567.6b | HK$412.6b | HK$90.7b | 11.7x | 6.3x | 1.4x |
| Sat, 31 Jul 2021 | HK$507.1b | HK$412.6b | HK$90.7b | 10.1x | 5.6x | 1.2x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are optimistic on the Hong Kong Marine industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.8x which is higher than its 3-year average PE of 3.4x.
- The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Marine industry have declined 7.3% per year over the last three years,
- Revenues have also declined 4.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Marine compare with similar industries?
| HK Market | 2.56% | |
| Industrials | 2.55% | |
| Marine and Shipping | 6.33% | |
| Marine | 6.33% | |
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 | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$12.68 | 8.4% +HK$15.6b | 34.8% | PE8x | |
| 316 Orient Overseas (International) | HK$134.80 | 4.1% +HK$3.5b | -10.3% | PE8.3x | |
| 1308 SITC International Holdings | HK$20.25 | 5.1% +HK$2.7b | 55.3% | PE13.1x | |
| 2490 LC Logistics | HK$19.46 | 11.1% +HK$555.4m | n/a | PE43.4x | |
| 2409 Seacon Shipping Group Holdings | HK$3.67 | 1.1% +HK$20.0m | 31.1% | PE11.1x |
