China State Construction Development Holdings (HKG:830) Seems To Use Debt Quite Sensibly
Oct 13
Hong Kong (HSI) Building Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies11
- 7D2.4%
- 3M-26.1%
- 1Y-20.7%
- YTD-39.1%
In the last week, the Building industry is up 2.4%, with China Lesso Group Holdings up 13%. In contrast, the industry has lost 21% in the last 12 months. Looking forward, earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Hong Kong Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$66.9b | HK$83.3b | HK$7.7b | 7.2x | 8.7x | 0.8x |
| Wed, 27 Sep 2023 | HK$69.0b | HK$82.3b | HK$7.6b | 9.4x | 9.1x | 0.8x |
| Fri, 25 Aug 2023 | HK$73.9b | HK$82.6b | HK$7.7b | 9.8x | 9.6x | 0.9x |
| Sun, 23 Jul 2023 | HK$81.9b | HK$83.3b | HK$8.8b | 10.4x | 9.3x | 1x |
| Tue, 20 Jun 2023 | HK$86.3b | HK$83.5b | HK$8.8b | 11.4x | 9.8x | 1x |
| Thu, 18 May 2023 | HK$91.7b | HK$84.7b | HK$8.9b | 11.2x | 10.4x | 1.1x |
| Sat, 15 Apr 2023 | HK$101.3b | HK$85.4b | HK$9.0b | 11.3x | 11.2x | 1.2x |
| Mon, 13 Mar 2023 | HK$99.9b | HK$85.9b | HK$9.3b | 11.4x | 10.7x | 1.2x |
| Wed, 08 Feb 2023 | HK$114.3b | HK$91.6b | HK$13.8b | 10.9x | 8.3x | 1.2x |
| Fri, 06 Jan 2023 | HK$113.2b | HK$90.8b | HK$13.7b | 9.9x | 8.3x | 1.2x |
| Sun, 04 Dec 2022 | HK$105.3b | HK$89.5b | HK$13.6b | 10.2x | 7.7x | 1.2x |
| Tue, 01 Nov 2022 | HK$77.8b | HK$88.4b | HK$13.5b | 7.3x | 5.7x | 0.9x |
| Thu, 29 Sep 2022 | HK$91.1b | HK$88.9b | HK$13.7b | 8.4x | 6.7x | 1x |
| Sat, 27 Aug 2022 | HK$116.1b | HK$90.7b | HK$14.7b | 8.8x | 7.9x | 1.3x |
| Mon, 25 Jul 2022 | HK$118.0b | HK$90.2b | HK$16.7b | 8.8x | 7.1x | 1.3x |
| Wed, 22 Jun 2022 | HK$129.8b | HK$90.7b | HK$16.7b | 9.7x | 7.7x | 1.4x |
| Fri, 20 May 2022 | HK$124.4b | HK$90.2b | HK$16.7b | 8.5x | 7.4x | 1.4x |
| Sun, 17 Apr 2022 | HK$123.8b | HK$93.1b | HK$17.0b | 7.8x | 7.3x | 1.3x |
| Tue, 15 Mar 2022 | HK$126.5b | HK$90.5b | HK$17.9b | 7.3x | 7x | 1.4x |
| Thu, 10 Feb 2022 | HK$155.5b | HK$84.6b | HK$16.8b | 8.4x | 9.3x | 1.8x |
| Sat, 08 Jan 2022 | HK$177.9b | HK$96.7b | HK$17.6b | 9x | 10.1x | 1.8x |
| Mon, 06 Dec 2021 | HK$143.3b | HK$84.5b | HK$16.7b | 8.4x | 8.6x | 1.7x |
| Wed, 03 Nov 2021 | HK$149.8b | HK$90.2b | HK$16.9b | 19.6x | 8.9x | 1.7x |
| Fri, 01 Oct 2021 | HK$156.6b | HK$89.2b | HK$16.7b | 9x | 9.4x | 1.8x |
| Sun, 29 Aug 2021 | HK$207.4b | HK$89.0b | HK$16.7b | 12.4x | 12.4x | 2.3x |
| Mon, 05 Jul 2021 | HK$206.6b | HK$89.0b | HK$16.7b | 9.7x | 12.4x | 2.3x |
| Thu, 08 Apr 2021 | HK$168.7b | HK$81.1b | HK$13.7b | 11x | 12.3x | 2.1x |
| Sun, 10 Jan 2021 | HK$141.0b | HK$73.7b | HK$10.7b | 11.1x | 13.2x | 1.9x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Building 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 8.8x which is lower than its 3-year average PE of 10.0x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the Building industry have declined 4.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 0.88% | |
| Industrials | 2.98% | |
| Building | 2.42% | |
| Building Products | 2.42% | |
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 | |
|---|---|---|---|---|---|
| 2128 China Lesso Group Holdings | HK$4.39 | 15.8% +HK$1.9b | -31.1% | PE4.7x | |
| 830 China State Construction Development Holdings | HK$2.29 | 7.5% +HK$360.9m | 42.2% | PE9.6x | |
| 1937 JiaChen Holding Group | HK$0.42 | 27.3% +HK$90.0m | -11.6% | PE55.8x | |
| 2789 Yuanda China Holdings | HK$0.039 | 2.6% +HK$6.2m | 56.0% | PE3.1x |