Is Guangzhou Automobile Group (HKG:2238) Using Debt In A Risky Way?
Oct 30
Hong Kong (HSI) Automobile Manufacturers Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies10
- 7D1.8%
- 3M-10.9%
- 1Y29.8%
- YTD5.4%
Over the last 7 days, the Automobile Manufacturers industry has risen 1.8%, driven by gains from Great Wall Motor of 8.0%. In the same time, Zhejiang Leapmotor Technology was down 11%. This takes the industry's 12 month performance to a gain of 30%. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Hong Kong Automobile Manufacturers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$1.2t | HK$1.4t | HK$55.9b | 8.2x | 22.3x | 0.9x |
| Wed, 27 Sep 2023 | HK$1.2t | HK$1.4t | HK$55.6b | 7x | 21.7x | 0.9x |
| Fri, 25 Aug 2023 | HK$1.2t | HK$1.3t | HK$59.6b | 6.1x | 19.9x | 0.9x |
| Sun, 23 Jul 2023 | HK$1.3t | HK$1.3t | HK$59.6b | 6.7x | 22.1x | 1x |
| Tue, 20 Jun 2023 | HK$1.3t | HK$1.3t | HK$59.5b | 6.9x | 22.5x | 1x |
| Thu, 18 May 2023 | HK$1.3t | HK$1.3t | HK$61.0b | 6.7x | 21.7x | 1x |
| Sat, 15 Apr 2023 | HK$1.3t | HK$1.3t | HK$62.1b | 5.6x | 20.8x | 1x |
| Mon, 13 Mar 2023 | HK$1.3t | HK$1.1t | HK$51.2b | 6.3x | 24.5x | 1.1x |
| Wed, 08 Feb 2023 | HK$1.5t | HK$2.6t | HK$138.2b | 4.6x | 10.7x | 0.6x |
| Fri, 06 Jan 2023 | HK$1.4t | HK$1.1t | HK$53.1b | 6.5x | 25.5x | 1.2x |
| Sun, 04 Dec 2022 | HK$1.3t | HK$1.1t | HK$51.8b | 6.9x | 25.5x | 1.2x |
| Tue, 01 Nov 2022 | HK$1.2t | HK$1.1t | HK$51.2b | 5.9x | 22.8x | 1.1x |
| Thu, 29 Sep 2022 | HK$1.3t | HK$956.0b | HK$41.9b | 9x | 30x | 1.3x |
| Sat, 27 Aug 2022 | HK$1.6t | HK$994.7b | HK$42.6b | 7.9x | 37.6x | 1.6x |
| Mon, 25 Jul 2022 | HK$1.7t | HK$994.1b | HK$44.2b | 8.6x | 38.1x | 1.7x |
| Wed, 22 Jun 2022 | HK$1.8t | HK$1.0t | HK$44.2b | 8.7x | 40x | 1.8x |
| Fri, 20 May 2022 | HK$1.5t | HK$993.8b | HK$43.8b | 9.5x | 34.7x | 1.5x |
| Sun, 17 Apr 2022 | HK$1.3t | HK$1.0t | HK$45.2b | 9x | 29.7x | 1.3x |
| Tue, 15 Mar 2022 | HK$1.2t | HK$992.5b | HK$50.6b | 8.5x | 24.4x | 1.2x |
| Thu, 10 Feb 2022 | HK$1.6t | HK$984.1b | HK$50.2b | 11.4x | 32x | 1.6x |
| Sat, 08 Jan 2022 | HK$1.7t | HK$982.4b | HK$50.1b | 10.2x | 33.3x | 1.7x |
| Mon, 06 Dec 2021 | HK$2.0t | HK$982.6b | HK$50.1b | 10.9x | 40.4x | 2.1x |
| Wed, 03 Nov 2021 | HK$1.7t | HK$977.8b | HK$49.9b | 135.9x | 33.1x | 1.7x |
| Fri, 01 Oct 2021 | HK$1.7t | HK$979.7b | HK$53.3b | 9.8x | 32.6x | 1.8x |
| Sun, 29 Aug 2021 | HK$2.0t | HK$979.1b | HK$61.3b | 15.4x | 33.2x | 2.1x |
| Mon, 05 Jul 2021 | HK$1.7t | HK$979.1b | HK$61.3b | 12x | 27.6x | 1.7x |
| Thu, 08 Apr 2021 | HK$1.2t | HK$930.5b | HK$58.3b | 10.5x | 21.2x | 1.3x |
| Sun, 10 Jan 2021 | HK$1.5t | HK$841.3b | HK$48.1b | 15.3x | 31.2x | 1.8x |
Price to Earnings Ratio
24.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Automobile Manufacturers 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 22.3x which is lower than its 3-year average PE of 28.7x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
- The earnings for companies in the Automobile Manufacturers industry have grown 8.2% per year over the last three years.
- Revenues for these companies have grown 22% 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 Automobile Manufacturers compare with similar industries?
| HK Market | 0.88% | |
| Consumer Discretionary | 1.26% | |
| Auto | 1.79% | |
| Automobile Manufacturers | 1.81% | |
| Motorcycle Manufacturers | 1.21% | |
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 | |
|---|---|---|---|---|---|
| 2333 Great Wall Motor | HK$11.58 | 15.6% +HK$13.2b | 35.1% | PE18x | |
| 1211 BYD | HK$246.20 | 0.7% +HK$5.2b | 40.1% | PE27.9x | |
| 175 Geely Automobile Holdings | HK$9.00 | 2.7% +HK$2.4b | 6.6% | PE16.5x | |
| 489 Dongfeng Motor Group | HK$3.48 | 6.7% +HK$1.8b | -2.0% | PE4.5x | |
| 2238 Guangzhou Automobile Group | HK$3.74 | 1.9% +HK$735.3m | -21.8% | PE8.1x |
