GCL New Energy Holdings Limited's (HKG:451) 33% Share Price Surge Not Quite Adding Up
May 13
Hong Kong (HSI) Renewable Energy Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies14
- 7D4.5%
- 3M28.5%
- 1Y-22.7%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has risen 9.7%, driven by gains from China Longyuan Power Group of 8.1%. However, the industry is down 27% over the past year. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Hong Kong Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$171.4b | HK$85.7b | HK$11.2b | 9.2x | 15.3x | 2x |
| Tue, 16 Apr 2024 | HK$164.9b | HK$86.1b | HK$10.9b | 8x | 15.1x | 1.9x |
| Thu, 14 Mar 2024 | HK$173.7b | HK$90.7b | HK$12.2b | 7.7x | 14.3x | 1.9x |
| Sat, 10 Feb 2024 | HK$164.3b | HK$90.7b | HK$12.1b | 6.6x | 13.5x | 1.8x |
| Mon, 08 Jan 2024 | HK$177.4b | HK$91.2b | HK$12.2b | 7.9x | 14.6x | 1.9x |
| Wed, 06 Dec 2023 | HK$171.8b | HK$91.2b | HK$12.2b | 7.1x | 14.1x | 1.9x |
| Fri, 03 Nov 2023 | HK$182.9b | HK$87.4b | HK$12.4b | 7.3x | 14.8x | 2.1x |
| Sun, 01 Oct 2023 | HK$189.0b | HK$87.9b | HK$12.2b | 8.9x | 15.5x | 2.2x |
| Tue, 29 Aug 2023 | HK$184.0b | HK$88.8b | HK$11.0b | 8.9x | 16.7x | 2.1x |
| Thu, 27 Jul 2023 | HK$208.8b | HK$91.1b | HK$11.4b | 8x | 18.4x | 2.3x |
| Sat, 24 Jun 2023 | HK$131.9b | HK$90.8b | HK$11.4b | 8.9x | 11.6x | 1.5x |
| Mon, 22 May 2023 | HK$141.5b | HK$92.3b | HK$11.5b | 9.7x | 12.3x | 1.5x |
| Wed, 19 Apr 2023 | HK$144.5b | HK$94.0b | HK$12.1b | 9.2x | 12x | 1.5x |
| Fri, 17 Mar 2023 | HK$149.7b | HK$93.9b | HK$9.3b | 9.7x | 16.1x | 1.6x |
| Sun, 12 Feb 2023 | HK$168.5b | HK$94.8b | HK$9.6b | 9.4x | 17.5x | 1.8x |
| Tue, 10 Jan 2023 | HK$174.2b | HK$94.5b | HK$9.6b | 9.3x | 18.2x | 1.8x |
| Thu, 08 Dec 2022 | HK$142.6b | HK$92.2b | HK$9.4b | 8.8x | 15.2x | 1.5x |
| Sat, 05 Nov 2022 | HK$143.8b | HK$89.9b | HK$9.1b | 9.3x | 15.7x | 1.6x |
| Mon, 03 Oct 2022 | HK$148.8b | HK$91.2b | HK$9.0b | 9.9x | 16.5x | 1.6x |
| Wed, 31 Aug 2022 | HK$186.7b | HK$95.0b | HK$9.3b | 11.7x | 20.1x | 2x |
| Fri, 29 Jul 2022 | HK$188.8b | HK$92.1b | HK$10.0b | 7.9x | 18.9x | 2x |
| Sun, 26 Jun 2022 | HK$216.0b | HK$92.9b | HK$10.1b | 8.1x | 21.4x | 2.3x |
| Tue, 24 May 2022 | HK$225.1b | HK$92.9b | HK$10.1b | 8.3x | 22.4x | 2.4x |
| Thu, 21 Apr 2022 | HK$222.8b | HK$95.8b | HK$11.6b | 8.4x | 19.2x | 2.3x |
| Sat, 19 Mar 2022 | HK$225.1b | HK$92.6b | HK$12.0b | 8.6x | 18.7x | 2.4x |
| Mon, 14 Feb 2022 | HK$230.5b | HK$93.3b | HK$12.0b | 9.5x | 19.1x | 2.5x |
| Wed, 12 Jan 2022 | HK$223.0b | HK$93.0b | HK$12.0b | 9.6x | 18.5x | 2.4x |
| Fri, 10 Dec 2021 | HK$240.9b | HK$93.4b | HK$12.1b | 9.5x | 20x | 2.6x |
| Sun, 07 Nov 2021 | HK$239.8b | HK$92.7b | HK$12.0b | 9x | 20x | 2.6x |
| Tue, 05 Oct 2021 | HK$245.5b | HK$89.4b | HK$11.7b | 10.3x | 21x | 2.7x |
| Thu, 02 Sep 2021 | HK$223.5b | HK$89.5b | HK$10.9b | 9.6x | 20.5x | 2.5x |
| Sat, 31 Jul 2021 | HK$211.4b | HK$89.5b | HK$10.9b | 9.4x | 19.4x | 2.4x |
Price to Earnings Ratio
16.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Renewable Electricity 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 15.2x which is lower than its 3-year average PE of 17.1x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 2.6% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Hong Kong Renewable Energy compare with similar industries?
| HK Market | 2.56% | |
| Utilities | 2.08% | |
| Renewable Energy | 2.63% | |
| Renewable Energy | 4.53% | |
| Independent Power Producers and Energy Traders | 2.12% | |
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 | |
|---|---|---|---|---|---|
| 916 China Longyuan Power Group | HK$6.87 | 5.4% +HK$2.9b | -18.5% | PE8.5x | |
| 686 Beijing Energy International Holding | HK$0.17 | 17.4% +HK$580.7m | -9.8% | PE86.2x | |
| 1798 China Datang Corporation Renewable Power | HK$1.83 | 2.2% +HK$290.9m | -39.4% | PE5.5x | |
| 182 Concord New Energy Group | HK$0.65 | 3.2% +HK$160.2m | -7.1% | PE5.5x | |
| 3868 Xinyi Energy Holdings | HK$1.20 | 0.8% +HK$82.6m | -46.9% | PE10x |