Capital Allocation Trends At Yik Wo International Holdings (HKG:8659) Aren't Ideal
May 28
Hong Kong (HSI) Packaging Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies20
- 7D0.04%
- 3M-0.7%
- 1Y11.6%
- YTD-8.2%
Last week, the Packaging industry hasn't moved much but Yik Wo International Holdings is up 14% in that time. The past year has been better, since the industry has gained 12% in that time. Looking forward, earnings are forecast to grow by 5.8% annually.
Industry Valuation and Performance
Has the Hong Kong Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$22.3b | HK$37.0b | HK$1.4b | 14.8x | 15.8x | 0.6x |
| Sat, 27 Apr 2024 | HK$21.7b | HK$37.1b | HK$1.4b | 14.7x | 15.4x | 0.6x |
| Mon, 25 Mar 2024 | HK$22.2b | HK$39.0b | HK$924.5m | 14.6x | 24x | 0.6x |
| Wed, 21 Feb 2024 | HK$22.8b | HK$39.2b | HK$938.1m | 16.2x | 24.3x | 0.6x |
| Fri, 19 Jan 2024 | HK$24.2b | HK$39.2b | HK$938.7m | 17.3x | 25.8x | 0.6x |
| Sun, 17 Dec 2023 | HK$24.8b | HK$39.5b | HK$948.6m | 18.7x | 26.2x | 0.6x |
| Tue, 14 Nov 2023 | HK$24.4b | HK$38.9b | HK$922.3m | 15.1x | 26.4x | 0.6x |
| Thu, 12 Oct 2023 | HK$24.1b | HK$38.9b | HK$922.0m | 15.5x | 26.1x | 0.6x |
| Sat, 09 Sep 2023 | HK$23.4b | HK$38.8b | HK$928.3m | 15.4x | 25.2x | 0.6x |
| Mon, 07 Aug 2023 | HK$22.6b | HK$40.5b | HK$817.2m | 14.8x | 27.7x | 0.6x |
| Wed, 05 Jul 2023 | HK$21.2b | HK$40.3b | HK$812.3m | 14.4x | 26.1x | 0.5x |
| Fri, 02 Jun 2023 | HK$21.4b | HK$41.3b | HK$751.2m | 13.9x | 28.5x | 0.5x |
| Sun, 30 Apr 2023 | HK$21.3b | HK$42.3b | HK$796.0m | 11.7x | 26.8x | 0.5x |
| Tue, 28 Mar 2023 | HK$20.6b | HK$41.6b | HK$823.9m | 10.5x | 25x | 0.5x |
| Thu, 23 Feb 2023 | HK$20.5b | HK$42.1b | HK$758.2m | 9.7x | 27x | 0.5x |
| Sat, 21 Jan 2023 | HK$19.8b | HK$42.6b | HK$779.9m | 9.5x | 25.4x | 0.5x |
| Mon, 19 Dec 2022 | HK$17.5b | HK$41.4b | HK$730.1m | 9.4x | 24x | 0.4x |
| Wed, 16 Nov 2022 | HK$16.1b | HK$41.4b | HK$1.2b | 7.2x | 13.7x | 0.4x |
| Fri, 14 Oct 2022 | HK$16.2b | HK$40.9b | HK$1.2b | 7.7x | 14x | 0.4x |
| Sun, 11 Sep 2022 | HK$16.8b | HK$42.1b | HK$1.2b | 7.4x | 13.9x | 0.4x |
| Tue, 09 Aug 2022 | HK$16.6b | HK$41.6b | HK$1.7b | 7.5x | 9.6x | 0.4x |
| Thu, 07 Jul 2022 | HK$17.8b | HK$41.8b | HK$2.0b | 8.4x | 8.9x | 0.4x |
| Sat, 04 Jun 2022 | HK$17.9b | HK$41.7b | HK$2.1b | 8x | 8.6x | 0.4x |
| Mon, 02 May 2022 | HK$19.7b | HK$42.0b | HK$2.1b | 8x | 9.4x | 0.5x |
| Wed, 30 Mar 2022 | HK$20.5b | HK$42.9b | HK$2.5b | 8.4x | 8.2x | 0.5x |
| Fri, 25 Feb 2022 | HK$21.9b | HK$40.6b | HK$2.6b | 8.5x | 8.5x | 0.5x |
| Sun, 23 Jan 2022 | HK$22.6b | HK$40.4b | HK$2.5b | 8.9x | 8.9x | 0.6x |
| Tue, 21 Dec 2021 | HK$22.1b | HK$40.2b | HK$2.5b | 8.1x | 8.7x | 0.5x |
| Thu, 18 Nov 2021 | HK$21.5b | HK$40.0b | HK$2.0b | 8.3x | 10.7x | 0.5x |
| Sat, 16 Oct 2021 | HK$20.3b | HK$39.7b | HK$2.0b | 8.2x | 10.2x | 0.5x |
| Mon, 13 Sep 2021 | HK$22.6b | HK$39.6b | HK$2.0b | 9.2x | 11.5x | 0.6x |
| Wed, 11 Aug 2021 | HK$22.5b | HK$40.6b | HK$1.6b | 8.9x | 14.2x | 0.6x |
| Sun, 06 Jun 2021 | HK$24.3b | HK$37.9b | HK$1.4b | 12.5x | 17.7x | 0.6x |
Price to Earnings Ratio
17.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Packaging industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.8x which is lower than its 3-year average PE of 18.0x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- Both revenue and earnings for companies in the Packaging industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | -2.07% | |
| Materials | 0.66% | |
| Packaging | 0.044% | |
| Metal and Glass Containers | 1.44% | |
| Paper Packaging | -0.98% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry even though it's trading below its 3-year average PE ratio of 39.1x.
- Analysts are expecting annual earnings growth of 5.8%, which is lower than the prior year's growth of 91.2% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.1x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 5.8% over the next 5 years.
- In contrast, the Paper Packaging industry is expected to see its earnings grow by 5.8% 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 | |
|---|---|---|---|---|---|
| 8659 Yik Wo International Holdings | HK$0.80 | 14.3% +HK$74.8m | 3.9% | PE20.1x | |
| 6898 China Aluminum Cans Holdings | HK$0.64 | 12.3% +HK$66.6m | 85.5% | PE28.4x | |
| 1335 Sheen Tai Holdings Group | HK$0.11 | 15.8% +HK$36.5m | 8.9% | PS0.6x | |
| 1332 Touyun Biotech Group | HK$0.22 | 1.9% +HK$11.2m | -60.0% | PS3.1x | |
| 450 Hung Hing Printing Group | HK$1.21 | 0.8% +HK$9.0m | 22.2% | PE8.1x |
