A Piece Of The Puzzle Missing From Nine Dragons Paper (Holdings) Limited's (HKG:2689) 27% Share Price Climb
May 13
Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies9
- 7D-8.0%
- 3M12.8%
- 1Y-4.4%
- YTD9.0%
Over the last 7 days, the Paper and Forestry Products industry has dropped 8.0%, driven by a pullback from Nine Dragons Paper (Holdings) of 9.2%. On the other hand Steed Oriental (Holdings) is actually up 14%. However, the industry is down 4.4% over the past year. Looking forward, earnings are forecast to grow by 58% annually.
Industry Valuation and Performance
Has the Hong Kong Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$31.1b | HK$86.5b | HK$313.7m | 8.6x | 99x | 0.4x |
| Sat, 27 Apr 2024 | HK$26.2b | HK$86.7b | HK$312.2m | 8.7x | 83.9x | 0.3x |
| Mon, 25 Mar 2024 | HK$26.3b | HK$86.3b | HK$345.0m | 4.9x | 76.3x | 0.3x |
| Wed, 21 Feb 2024 | HK$26.6b | HK$88.3b | -HK$2,050,876,004.80 | 13.6x | -13x | 0.3x |
| Fri, 19 Jan 2024 | HK$24.8b | HK$88.8b | -HK$2,089,685,816.00 | 13.1x | -11.9x | 0.3x |
| Sun, 17 Dec 2023 | HK$29.2b | HK$89.3b | -HK$2,111,618,982.00 | 14.7x | -13.8x | 0.3x |
| Tue, 14 Nov 2023 | HK$30.6b | HK$88.0b | -HK$1,984,093,476.00 | 13.6x | -15.4x | 0.3x |
| Thu, 12 Oct 2023 | HK$31.9b | HK$88.0b | -HK$1,983,495,333.00 | 14.3x | -16.1x | 0.4x |
| Sat, 09 Sep 2023 | HK$30.9b | HK$92.6b | -HK$379,627,085.00 | 14.4x | -81.3x | 0.3x |
| Mon, 07 Aug 2023 | HK$33.7b | HK$94.0b | -HK$410,850,829.00 | 15.7x | -82.1x | 0.4x |
| Wed, 05 Jul 2023 | HK$35.8b | HK$97.0b | HK$24.7m | 9.6x | 1451.7x | 0.4x |
| Fri, 02 Jun 2023 | HK$33.1b | HK$98.2b | HK$35.2m | 9.6x | 941.9x | 0.3x |
| Sun, 30 Apr 2023 | HK$40.7b | HK$100.2b | HK$4.0m | 12.1x | 10209.5x | 0.4x |
| Tue, 28 Mar 2023 | HK$43.8b | HK$100.6b | -HK$79,043,524.00 | 15.8x | -553.9x | 0.4x |
| Thu, 23 Feb 2023 | HK$47.2b | HK$107.7b | HK$5.4b | 8.5x | 8.8x | 0.4x |
| Sat, 21 Jan 2023 | HK$50.3b | HK$108.8b | HK$5.4b | 9.1x | 9.3x | 0.5x |
| Mon, 19 Dec 2022 | HK$51.9b | HK$106.4b | HK$5.3b | 9.7x | 9.8x | 0.5x |
| Wed, 16 Nov 2022 | HK$38.6b | HK$106.0b | HK$5.3b | 7.2x | 7.3x | 0.4x |
| Fri, 14 Oct 2022 | HK$33.6b | HK$105.1b | HK$5.3b | 6.1x | 6.4x | 0.3x |
| Sun, 11 Sep 2022 | HK$42.7b | HK$108.4b | HK$8.3b | 6.1x | 5.1x | 0.4x |
| Tue, 09 Aug 2022 | HK$46.5b | HK$110.3b | HK$9.7b | 4.8x | 4.8x | 0.4x |
| Thu, 07 Jul 2022 | HK$46.5b | HK$110.8b | HK$9.7b | 4.6x | 4.8x | 0.4x |
| Sat, 04 Jun 2022 | HK$50.0b | HK$111.7b | HK$9.8b | 5.2x | 5.1x | 0.4x |
| Mon, 02 May 2022 | HK$50.0b | HK$112.3b | HK$9.8b | 5.2x | 5.1x | 0.4x |
| Wed, 30 Mar 2022 | HK$50.5b | HK$115.1b | HK$10.0b | 9.5x | 5x | 0.4x |
| Fri, 25 Feb 2022 | HK$60.0b | HK$113.0b | HK$10.9b | 8x | 5.5x | 0.5x |
| Sun, 23 Jan 2022 | HK$64.8b | HK$108.2b | HK$12.4b | 8.6x | 5.2x | 0.6x |
| Tue, 21 Dec 2021 | HK$62.6b | HK$107.9b | HK$12.3b | 6.6x | 5.1x | 0.6x |
| Thu, 18 Nov 2021 | HK$72.3b | HK$107.6b | HK$12.3b | 5.7x | 5.9x | 0.7x |
| Sat, 16 Oct 2021 | HK$73.5b | HK$106.9b | HK$12.2b | 6.1x | 6x | 0.7x |
| Mon, 13 Sep 2021 | HK$89.0b | HK$96.0b | HK$10.6b | 7.9x | 8.4x | 0.9x |
| Wed, 11 Aug 2021 | HK$81.5b | HK$96.1b | HK$10.2b | 7.1x | 8x | 0.8x |
| Sun, 06 Jun 2021 | HK$87.2b | HK$93.9b | HK$9.8b | 7.9x | 8.9x | 0.9x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are optimistic on the Hong Kong Forestry industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 99x which is higher than its 3-year average PE of 83.1x.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 68% per year over the last three years,
- Revenues have also declined 2.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | -2.07% | |
| Materials | 0.66% | |
| Paper and Forestry Products | -8.04% | |
| Forestry Products | -1.68% | |
| Paper Products | -8.19% | |
Industry PE
- Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio of 35.7x.
- Analysts are expecting annual earnings growth of 58.2%, which is higher than its past year's earnings decline of 11.3% per year.
- Investors are most pessimistic about the Forestry Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 58% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Paper Products industry is expected to see its earnings grow by 58% 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 | |
|---|---|---|---|---|---|
| 8277 Steed Oriental (Holdings) | HK$0.45 | 30.9% +HK$27.6m | 300.9% | PS3.8x | |
| 1580 Da Sen Holdings Group | HK$0.15 | 4.2% +HK$6.6m | -26.0% | PS3.2x | |
| 8003 Great World Company Holdings | HK$0.17 | 7.5% +HK$4.0m | -51.1% | PS0.6x |
