Sprocomm Intelligence's (HKG:1401) Solid Earnings Are Supported By Other Strong Factors
Apr 25
Hong Kong (HSI) Tech Hardware Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies17
- 7D2.5%
- 3M40.2%
- 1Y64.2%
- YTD17.8%
Over the last 7 days, the Tech Hardware industry has risen 2.5%, driven by gains from Xiaomi of 2.8%. In the same time, Quantum Thinking was down 27%. In the last 12 months, the industry was up 64%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Hong Kong Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$653.1b | HK$1.2t | HK$20.6b | 19.5x | 31.7x | 0.5x |
| Tue, 16 Apr 2024 | HK$539.1b | HK$1.2t | HK$21.5b | 19.9x | 25.1x | 0.4x |
| Thu, 14 Mar 2024 | HK$518.1b | HK$1.2t | HK$23.7b | 19.7x | 21.9x | 0.4x |
| Sat, 10 Feb 2024 | HK$434.0b | HK$1.2t | HK$24.5b | 15.5x | 17.7x | 0.4x |
| Mon, 08 Jan 2024 | HK$528.5b | HK$1.2t | HK$24.6b | 16.7x | 21.4x | 0.4x |
| Wed, 06 Dec 2023 | HK$505.8b | HK$1.2t | HK$24.7b | 15.3x | 20.5x | 0.4x |
| Fri, 03 Nov 2023 | HK$516.3b | HK$1.2t | HK$19.8b | 16x | 26.1x | 0.4x |
| Sun, 01 Oct 2023 | HK$433.9b | HK$1.2t | HK$19.1b | 15.6x | 22.7x | 0.4x |
| Tue, 29 Aug 2023 | HK$433.3b | HK$1.3t | HK$20.0b | 12.3x | 21.7x | 0.3x |
| Thu, 27 Jul 2023 | HK$413.2b | HK$1.3t | HK$22.7b | 13.2x | 18.2x | 0.3x |
| Sat, 24 Jun 2023 | HK$374.3b | HK$1.3t | HK$22.8b | 12.5x | 16.4x | 0.3x |
| Mon, 22 May 2023 | HK$395.4b | HK$1.4t | HK$20.0b | 13.4x | 19.8x | 0.3x |
| Wed, 19 Apr 2023 | HK$446.6b | HK$1.4t | HK$20.1b | 13.9x | 22.2x | 0.3x |
| Fri, 17 Mar 2023 | HK$389.0b | HK$1.5t | HK$21.6b | 9.8x | 18x | 0.3x |
| Sun, 12 Feb 2023 | HK$439.6b | HK$1.5t | HK$23.3b | 11.5x | 18.9x | 0.3x |
| Tue, 10 Jan 2023 | HK$412.3b | HK$1.5t | HK$23.2b | 11x | 17.8x | 0.3x |
| Thu, 08 Dec 2022 | HK$367.2b | HK$1.5t | HK$22.9b | 9.9x | 16x | 0.2x |
| Sat, 05 Nov 2022 | HK$338.4b | HK$1.5t | HK$25.4b | 9x | 13.3x | 0.2x |
| Mon, 03 Oct 2022 | HK$314.6b | HK$1.5t | HK$25.3b | 8.5x | 12.4x | 0.2x |
| Wed, 31 Aug 2022 | HK$393.0b | HK$1.5t | HK$30.2b | 8.1x | 13x | 0.3x |
| Fri, 29 Jul 2022 | HK$439.1b | HK$1.5t | HK$38.1b | 6.6x | 11.5x | 0.3x |
| Sun, 26 Jun 2022 | HK$425.9b | HK$1.5t | HK$38.2b | 6.5x | 11.1x | 0.3x |
| Tue, 24 May 2022 | HK$435.4b | HK$1.6t | HK$37.1b | 6.6x | 11.7x | 0.3x |
| Thu, 21 Apr 2022 | HK$448.5b | HK$1.6t | HK$48.2b | 9.4x | 9.3x | 0.3x |
| Sat, 19 Mar 2022 | HK$485.6b | HK$1.5t | HK$71.6b | 8.4x | 6.8x | 0.3x |
| Mon, 14 Feb 2022 | HK$576.5b | HK$1.5t | HK$69.3b | 12x | 8.3x | 0.4x |
| Wed, 12 Jan 2022 | HK$615.8b | HK$1.5t | HK$69.1b | 9.5x | 8.9x | 0.4x |
| Fri, 10 Dec 2021 | HK$648.6b | HK$1.5t | HK$69.4b | 8.4x | 9.3x | 0.4x |
| Sun, 07 Nov 2021 | HK$668.3b | HK$1.5t | HK$73.9b | 8.7x | 9x | 0.4x |
| Tue, 05 Oct 2021 | HK$684.0b | HK$1.5t | HK$71.9b | 8.7x | 9.5x | 0.5x |
| Thu, 02 Sep 2021 | HK$796.0b | HK$1.5t | HK$71.6b | 9.3x | 11.1x | 0.5x |
| Sat, 31 Jul 2021 | HK$774.0b | HK$1.5t | HK$71.6b | 8.3x | 10.8x | 0.5x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are optimistic on the Hong Kong Tech industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.8x which is higher than its 3-year average PE of 15.6x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- The earnings for companies in the Tech industry have declined 30% per year over the last three years,
- Revenues have also declined 3.3% 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 Tech industry?
| HK Market | 2.56% | |
| Tech | 1.60% | |
| Tech Hardware | 2.48% | |
| Tech Hardware Storage and Peripherals | 2.48% | |
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 | |
|---|---|---|---|---|---|
| 1810 Xiaomi | HK$19.94 | 2.8% +HK$13.5b | 83.6% | PE26.3x | |
| 992 Lenovo Group | HK$10.22 | 1.0% +HK$1.2b | 30.9% | PE18.5x | |
| 3396 Legend Holdings | HK$6.30 | 5.9% +HK$824.7m | -21.6% | PS0.03x | |
| 2438 Mobvoi | HK$3.63 | 2.8% +HK$149.1m | n/a | PS9.9x | |
| 1401 Sprocomm Intelligence | HK$2.92 | 5.0% +HK$140.0m | 440.7% | PE83.5x |
