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Hong Kong (HSI) Auto Components Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies25
- 7D-0.1%
- 3M-13.2%
- 1Y1.5%
- YTD-8.2%
Over the last 7 days, the Auto Components industry has remained flat, although notably New Focus Auto Tech Holdings gained 6.9%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Hong Kong Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$119.5b | HK$292.3b | HK$9.4b | 8.5x | 12.7x | 0.4x |
| Wed, 27 Sep 2023 | HK$123.7b | HK$292.5b | HK$9.4b | 8.4x | 13.2x | 0.4x |
| Fri, 25 Aug 2023 | HK$121.8b | HK$274.9b | HK$9.3b | 9.8x | 13x | 0.4x |
| Sun, 23 Jul 2023 | HK$130.5b | HK$269.9b | HK$8.5b | 11.6x | 15.3x | 0.5x |
| Tue, 20 Jun 2023 | HK$121.7b | HK$270.6b | HK$8.5b | 11.7x | 14.3x | 0.4x |
| Thu, 18 May 2023 | HK$128.3b | HK$275.2b | HK$8.3b | 10.6x | 15.4x | 0.5x |
| Sat, 15 Apr 2023 | HK$127.6b | HK$280.5b | HK$8.2b | 12.8x | 15.5x | 0.5x |
| Mon, 13 Mar 2023 | HK$122.8b | HK$262.7b | HK$5.1b | 14.1x | 24.2x | 0.5x |
| Wed, 08 Feb 2023 | HK$145.4b | HK$266.3b | HK$5.1b | 14.3x | 28.3x | 0.5x |
| Fri, 06 Jan 2023 | HK$130.6b | HK$262.6b | HK$5.1b | 13.9x | 25.8x | 0.5x |
| Sun, 04 Dec 2022 | HK$125.7b | HK$256.9b | HK$4.9b | 14x | 25.5x | 0.5x |
| Tue, 01 Nov 2022 | HK$111.8b | HK$251.8b | HK$5.1b | 12.3x | 21.8x | 0.4x |
| Thu, 29 Sep 2022 | HK$82.7b | HK$243.3b | HK$5.0b | 14.4x | 16.5x | 0.3x |
| Sat, 27 Aug 2022 | HK$101.0b | HK$256.7b | HK$5.6b | 14x | 17.9x | 0.4x |
| Mon, 25 Jul 2022 | HK$102.4b | HK$260.1b | HK$6.9b | 14.2x | 14.9x | 0.4x |
| Wed, 22 Jun 2022 | HK$92.1b | HK$261.9b | HK$6.9b | 12.6x | 13.3x | 0.4x |
| Fri, 20 May 2022 | HK$83.3b | HK$260.0b | HK$6.9b | 12x | 12.1x | 0.3x |
| Sun, 17 Apr 2022 | HK$82.2b | HK$272.5b | HK$7.7b | 11.4x | 10.7x | 0.3x |
| Tue, 15 Mar 2022 | HK$84.7b | HK$255.7b | HK$9.8b | 9.9x | 8.7x | 0.3x |
| Thu, 10 Feb 2022 | HK$125.3b | HK$253.8b | HK$9.7b | 16.2x | 12.9x | 0.5x |
| Sat, 08 Jan 2022 | HK$128.0b | HK$253.5b | HK$9.7b | 16x | 13.2x | 0.5x |
| Mon, 06 Dec 2021 | HK$133.6b | HK$253.5b | HK$9.7b | 16.3x | 13.8x | 0.5x |
| Wed, 03 Nov 2021 | HK$125.9b | HK$249.8b | HK$9.7b | n/a | 13x | 0.5x |
| Fri, 01 Oct 2021 | HK$114.2b | HK$248.5b | HK$9.7b | 13x | 11.8x | 0.5x |
| Sun, 29 Aug 2021 | HK$135.4b | HK$247.5b | HK$9.6b | 14.1x | 14x | 0.5x |
| Mon, 05 Jul 2021 | HK$143.6b | HK$247.5b | HK$9.6b | 17.6x | 14.9x | 0.6x |
| Thu, 08 Apr 2021 | HK$137.0b | HK$228.9b | HK$8.4b | 17x | 16.3x | 0.6x |
| Sun, 10 Jan 2021 | HK$145.5b | HK$211.4b | HK$4.3b | 18.8x | 34x | 0.7x |
Price to Earnings Ratio
-142x
Current Industry PE
- Investors are optimistic on the Hong Kong Auto Components industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.7x which is higher than its 3-year average PE of 8.1x.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- Total earnings for the Auto Components industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | 0.88% | |
| Consumer Discretionary | 1.26% | |
| Auto Components | -0.13% | |
| Tires and Rubber | 1.41% | |
| Auto Parts and Equipment | -0.21% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry, which is trading close to its 3-year average PE ratio of 13.8x.
- Analysts are expecting annual earnings growth of 29.0%, which is lower than the prior year's growth of 39.7% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 10.6x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 29% over the next 5 years.
- However this is lower than its past earnings growth rate of 40% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| 360 New Focus Auto Tech Holdings | HK$0.25 | 6.9% +HK$275.5m | 427.7% | PS6.7x | |
| 1571 Xin Point Holdings | HK$2.92 | 7.7% +HK$210.6m | 41.1% | PE5.2x | |
| 1760 Intron Technology Holdings | HK$2.95 | 5.0% +HK$152.3m | -9.5% | PE7.2x | |
| 1316 Nexteer Automotive Group | HK$3.77 | 1.3% +HK$125.5m | -11.3% | PE11.7x | |
| 1372 China Carbon Neutral Development Group | HK$0.68 | 21.4% +HK$114.3m | -72.8% | PS0.5x |
