China Tower Corporation Limited's (HKG:788) P/E Still Appears To Be Reasonable
May 27
Hong Kong (HSI) Integrated Telecom Services Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies7
- 7D-0.2%
- 3M6.0%
- 1Y10.0%
- YTDn/a
The Integrated Telecom Services industry has been flat over the last week, but China Tower has lost 4.1%. As for the the longer term, the industry is up 10% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Hong Kong Integrated Telecom Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$1.0t | HK$1.1t | HK$68.1b | 13.1x | 15x | 0.9x |
| Sat, 27 Apr 2024 | HK$1.0t | HK$1.1t | HK$68.4b | 13.5x | 15x | 0.9x |
| Mon, 25 Mar 2024 | HK$983.6b | HK$1.1t | HK$67.0b | 13.9x | 14.7x | 0.9x |
| Wed, 21 Feb 2024 | HK$1.0t | HK$1.1t | HK$66.0b | 14.1x | 15.4x | 0.9x |
| Fri, 19 Jan 2024 | HK$894.4b | HK$1.1t | HK$66.0b | 12.8x | 13.5x | 0.8x |
| Sun, 17 Dec 2023 | HK$891.3b | HK$1.1t | HK$66.5b | 11.9x | 13.4x | 0.8x |
| Tue, 14 Nov 2023 | HK$872.1b | HK$1.1t | HK$65.0b | 11.1x | 13.4x | 0.8x |
| Thu, 12 Oct 2023 | HK$933.7b | HK$1.1t | HK$65.3b | 12.6x | 14.3x | 0.8x |
| Sat, 09 Sep 2023 | HK$937.3b | HK$1.1t | HK$65.1b | 12.7x | 14.4x | 0.8x |
| Mon, 07 Aug 2023 | HK$977.1b | HK$1.1t | HK$64.2b | 14x | 15.2x | 0.9x |
| Wed, 05 Jul 2023 | HK$962.6b | HK$1.1t | HK$63.9b | 14.2x | 15.1x | 0.9x |
| Fri, 02 Jun 2023 | HK$1.0t | HK$1.1t | HK$64.8b | 15.2x | 15.8x | 0.9x |
| Sun, 30 Apr 2023 | HK$1.1t | HK$1.2t | HK$66.6b | 15.9x | 16.9x | 1x |
| Tue, 28 Mar 2023 | HK$1.1t | HK$1.1t | HK$65.4b | 13.6x | 16.5x | 1x |
| Thu, 23 Feb 2023 | HK$1.0t | HK$1.1t | HK$66.2b | 14x | 15.3x | 0.9x |
| Sat, 21 Jan 2023 | HK$930.2b | HK$1.1t | HK$67.1b | 14.5x | 13.9x | 0.8x |
| Mon, 19 Dec 2022 | HK$820.4b | HK$1.1t | HK$65.0b | 13.8x | 12.6x | 0.7x |
| Wed, 16 Nov 2022 | HK$735.6b | HK$1.1t | HK$64.6b | 13.8x | 11.4x | 0.7x |
| Fri, 14 Oct 2022 | HK$728.9b | HK$1.1t | HK$61.6b | 15.2x | 11.8x | 0.7x |
| Sun, 11 Sep 2022 | HK$773.6b | HK$1.1t | HK$63.6b | 17.4x | 12.2x | 0.7x |
| Tue, 09 Aug 2022 | HK$789.5b | HK$1.1t | HK$63.9b | 18.4x | 12.4x | 0.7x |
| Thu, 07 Jul 2022 | HK$790.0b | HK$1.1t | HK$64.2b | 18.2x | 12.3x | 0.7x |
| Sat, 04 Jun 2022 | HK$802.6b | HK$1.1t | HK$64.7b | 17.5x | 12.4x | 0.7x |
| Mon, 02 May 2022 | HK$809.4b | HK$1.1t | HK$65.2b | 17.6x | 12.4x | 0.7x |
| Wed, 30 Mar 2022 | HK$827.2b | HK$1.1t | HK$64.5b | 17.1x | 12.8x | 0.7x |
| Fri, 25 Feb 2022 | HK$855.8b | HK$1.1t | HK$63.1b | 15.3x | 13.6x | 0.8x |
| Sun, 23 Jan 2022 | HK$861.6b | HK$1.1t | HK$62.7b | 15.2x | 13.7x | 0.8x |
| Tue, 21 Dec 2021 | HK$850.9b | HK$1.1t | HK$62.5b | 14.9x | 13.6x | 0.8x |
| Thu, 18 Nov 2021 | HK$861.5b | HK$1.1t | HK$62.2b | 15.2x | 13.8x | 0.8x |
| Sat, 16 Oct 2021 | HK$868.3b | HK$1.1t | HK$59.7b | 15.1x | 14.6x | 0.8x |
| Mon, 13 Sep 2021 | HK$899.1b | HK$1.1t | HK$59.4b | 15.6x | 15.1x | 0.8x |
| Wed, 11 Aug 2021 | HK$692.7b | HK$1.1t | HK$59.4b | 15.5x | 11.7x | 0.6x |
| Sun, 06 Jun 2021 | HK$641.1b | HK$1.0t | HK$53.4b | 15x | 12x | 0.6x |
Price to Earnings Ratio
12x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Integrated Telecommunication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 13.8x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Integrated Telecommunication Services industry have grown 8.4% per year over the last three years.
- Revenues for these companies have grown 3.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Integrated Telecom Services compare with similar industries?
| HK Market | -2.07% | |
| Telecom | -2.13% | |
| Telecom Services and Carriers | -0.30% | |
| Integrated Telecom Services | -0.22% | |
| Alternative Carriers | -7.30% | |
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 | |
|---|---|---|---|---|---|
| 762 China Unicom (Hong Kong) | HK$6.36 | 2.4% +HK$4.6b | 9.5% | PE9.4x | |
| 6823 HKT Trust and HKT | HK$9.20 | 0.9% +HK$606.3m | -7.6% | PE14x | |
| 8 PCCW | HK$4.19 | 0.5% +HK$154.6m | 5.5% | PS0.9x | |
| 524 Great Wall Terroir Holdings | HK$0.22 | 0.5% +HK$196.9k | -41.1% | PS0.5x |