Weimob Inc.'s (HKG:2013) 62% Share Price Surge Not Quite Adding Up
May 21
Hong Kong (HSI) Application Software Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies30
- 7D-7.0%
- 3M16.5%
- 1Y-34.5%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 7.0%, driven by a pullback from SenseTime Group of 8.1%. On the other hand Marketingforce Management is actually up 9.4%. Overall the industry is down 35% in 12 months. Earnings are forecast to grow by 55% annually.
Industry Valuation and Performance
Has the Hong Kong Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$138.8b | HK$55.4b | -HK$14,812,107,695.74 | 16.6x | -9.4x | 2.5x |
| Sat, 27 Apr 2024 | HK$132.4b | HK$55.7b | -HK$14,869,902,535.55 | 15.9x | -8.9x | 2.4x |
| Mon, 25 Mar 2024 | HK$132.8b | HK$56.3b | -HK$15,203,183,362.46 | 12.1x | -8.7x | 2.4x |
| Wed, 21 Feb 2024 | HK$98.2b | HK$52.6b | -HK$14,594,792,622.57 | 10.8x | -6.7x | 1.9x |
| Fri, 19 Jan 2024 | HK$136.9b | HK$60.9b | -HK$14,111,415,317.00 | 12.1x | -9.7x | 2.2x |
| Sun, 17 Dec 2023 | HK$147.3b | HK$60.7b | -HK$14,332,982,007.00 | 18.5x | -10.3x | 2.4x |
| Tue, 14 Nov 2023 | HK$146.5b | HK$58.8b | -HK$8,159,185,952.00 | 14.4x | -18x | 2.5x |
| Thu, 12 Oct 2023 | HK$129.5b | HK$50.6b | -HK$8,635,372,207.00 | 13.5x | -15x | 2.6x |
| Sat, 09 Sep 2023 | HK$142.7b | HK$50.5b | -HK$8,610,465,535.00 | 15.5x | -16.6x | 2.8x |
| Mon, 07 Aug 2023 | HK$166.9b | HK$47.9b | -HK$9,361,462,120.00 | 24x | -17.8x | 3.5x |
| Wed, 05 Jul 2023 | HK$166.3b | HK$47.5b | -HK$9,328,464,094.00 | 21.4x | -17.8x | 3.5x |
| Fri, 02 Jun 2023 | HK$172.4b | HK$48.2b | -HK$9,481,275,280.00 | 21.1x | -18.2x | 3.6x |
| Sun, 30 Apr 2023 | HK$198.2b | HK$49.7b | -HK$10,245,467,085.00 | 21x | -19.3x | 4x |
| Tue, 28 Mar 2023 | HK$212.5b | HK$47.9b | -HK$21,233,619,387.00 | 16x | -10x | 4.4x |
| Thu, 23 Feb 2023 | HK$208.8b | HK$46.9b | -HK$24,951,128,349.00 | 17.9x | -8.4x | 4.5x |
| Sat, 21 Jan 2023 | HK$221.2b | HK$47.5b | -HK$25,302,599,978.00 | 19.1x | -8.7x | 4.7x |
| Mon, 19 Dec 2022 | HK$198.1b | HK$46.2b | -HK$24,434,525,669.00 | 15x | -8.1x | 4.3x |
| Wed, 16 Nov 2022 | HK$187.9b | HK$45.9b | -HK$24,252,852,519.00 | 12.6x | -7.7x | 4.1x |
| Fri, 14 Oct 2022 | HK$125.1b | HK$45.5b | -HK$24,274,249,934.00 | 19.3x | -5.2x | 2.8x |
| Sun, 11 Sep 2022 | HK$191.5b | HK$46.7b | -HK$25,094,334,090.00 | 12.8x | -7.6x | 4.1x |
| Tue, 09 Aug 2022 | HK$208.8b | HK$45.1b | -HK$41,534,795,222.00 | 12.4x | -5x | 4.6x |
| Thu, 07 Jul 2022 | HK$241.8b | HK$44.2b | -HK$41,814,176,924.00 | 13.9x | -5.8x | 5.5x |
| Sat, 04 Jun 2022 | HK$321.9b | HK$38.9b | -HK$40,645,318,842.00 | 13.3x | -7.9x | 8.3x |
| Mon, 02 May 2022 | HK$304.7b | HK$39.2b | -HK$40,425,787,720.00 | 15x | -7.5x | 7.8x |
| Wed, 30 Mar 2022 | HK$341.7b | HK$37.8b | -HK$39,297,027,144.00 | 13.3x | -8.7x | 9x |
| Fri, 25 Feb 2022 | HK$145.7b | HK$30.9b | -HK$18,511,615,790.00 | 13.4x | -7.9x | 4.7x |
| Sun, 23 Jan 2022 | HK$167.6b | HK$29.8b | -HK$17,707,156,600.00 | 14x | -9.5x | 5.6x |
| Tue, 21 Dec 2021 | HK$164.1b | HK$29.7b | -HK$17,639,644,746.00 | 13.5x | -9.3x | 5.5x |
| Thu, 18 Nov 2021 | HK$201.2b | HK$29.6b | -HK$17,615,445,753.00 | 13.7x | -11.4x | 6.8x |
| Sat, 16 Oct 2021 | HK$208.4b | HK$29.5b | -HK$17,343,038,605.00 | 15.1x | -12x | 7.1x |
| Mon, 13 Sep 2021 | HK$253.8b | HK$36.7b | -HK$16,002,150,653.93 | 15.2x | -15.9x | 6.9x |
| Wed, 11 Aug 2021 | HK$262.3b | HK$36.7b | -HK$16,002,150,653.93 | 14.8x | -16.4x | 7.1x |
| Sun, 06 Jun 2021 | HK$344.0b | HK$34.7b | -HK$7,888,139,584.75 | 14.8x | -43.6x | 9.9x |
Price to Earnings Ratio
-43.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Application Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.7x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 17% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Comparison
How does Hong Kong Application Software compare with similar industries?
| HK Market | -2.07% | |
| Tech | -3.72% | |
| Software | -7.05% | |
| Application Software | -7.00% | |
| Systems Software | -7.63% | |
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 | |
|---|---|---|---|---|---|
| 2556 Marketingforce Management | HK$66.80 | 9.4% +HK$1.4b | n/a | PS11.8x | |
| 6682 Beijing Fourth Paradigm Technology | HK$53.40 | 3.1% +HK$745.1m | n/a | PS5.5x | |
| 9959 Linklogis | HK$2.07 | 7.3% +HK$279.6m | -37.8% | PS4.6x | |
| 1522 BII Railway Transportation Technology Holdings | HK$0.32 | 1.6% +HK$10.5m | -7.4% | PE3.8x | |
| 8071 China Netcom Technology Holdings | HK$0.021 | 10.5% +HK$9.4m | -25.0% | PS4.5x |
