Chinese (SSE) Chemicals Industry Analysis
UpdatedOct 29, 2023
DataAggregated Company Financials
Companies481
- 7D2.5%
- 3M-10.7%
- 1Y-16.0%
- YTD-17.9%
In the last week, the Chemicals industry is up 2.5%, with Wanhua Chemical Group up 3.4%. Meanwhile, Sinoma Science & TechnologyLtd actually underperformed within the industry, shrinking 7.9% in the last week. However, the industry is down 16% over the past year. Earnings are forecast to grow by 37% annually.
Industry Valuation and Performance
Has the Chinese Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Oct 2023 | CN¥4.8t | CN¥3.5t | CN¥185.4b | 33.7x | 25.7x | 1.4x |
| Tue, 26 Sep 2023 | CN¥4.9t | CN¥3.5t | CN¥192.4b | 35x | 25.4x | 1.4x |
| Thu, 24 Aug 2023 | CN¥4.9t | CN¥3.5t | CN¥239.8b | 29.7x | 20.2x | 1.4x |
| Sat, 22 Jul 2023 | CN¥5.2t | CN¥3.5t | CN¥255.0b | 28.7x | 20.4x | 1.5x |
| Mon, 19 Jun 2023 | CN¥5.1t | CN¥3.5t | CN¥253.9b | 29.1x | 20.2x | 1.5x |
| Wed, 17 May 2023 | CN¥5.3t | CN¥3.5t | CN¥259.4b | 29x | 20.3x | 1.5x |
| Fri, 14 Apr 2023 | CN¥5.6t | CN¥3.5t | CN¥326.6b | 27.9x | 17.1x | 1.6x |
| Sun, 12 Mar 2023 | CN¥5.8t | CN¥3.5t | CN¥322.1b | 29.4x | 18.1x | 1.7x |
| Tue, 07 Feb 2023 | CN¥6.0t | CN¥3.5t | CN¥327.0b | 28.8x | 18.4x | 1.7x |
| Thu, 05 Jan 2023 | CN¥5.4t | CN¥3.4t | CN¥309.1b | 27.1x | 17.5x | 1.6x |
| Sat, 03 Dec 2022 | CN¥5.7t | CN¥3.4t | CN¥309.1b | 28.4x | 18.5x | 1.7x |
| Mon, 31 Oct 2022 | CN¥5.3t | CN¥3.4t | CN¥312.5b | 25.7x | 16.8x | 1.5x |
| Wed, 28 Sep 2022 | CN¥5.8t | CN¥3.3t | CN¥332.3b | 26.2x | 17.3x | 1.7x |
| Fri, 26 Aug 2022 | CN¥6.3t | CN¥3.2t | CN¥312.8b | 29.3x | 20.1x | 2x |
| Sun, 24 Jul 2022 | CN¥6.2t | CN¥3.1t | CN¥313.2b | 28.4x | 19.7x | 2x |
| Tue, 21 Jun 2022 | CN¥6.4t | CN¥3.1t | CN¥313.0b | 27x | 20.3x | 2.1x |
| Thu, 19 May 2022 | CN¥5.5t | CN¥3.1t | CN¥312.8b | 24.7x | 17.7x | 1.8x |
| Sat, 16 Apr 2022 | CN¥5.6t | CN¥2.8t | CN¥277.9b | 27.2x | 20.1x | 2x |
| Mon, 14 Mar 2022 | CN¥5.9t | CN¥2.7t | CN¥266.8b | 30.3x | 22.3x | 2.2x |
| Wed, 09 Feb 2022 | CN¥6.1t | CN¥2.7t | CN¥256.1b | 31.7x | 23.8x | 2.3x |
| Fri, 07 Jan 2022 | CN¥6.2t | CN¥2.7t | CN¥252.6b | 38.7x | 24.7x | 2.4x |
| Sun, 05 Dec 2021 | CN¥6.5t | CN¥2.6t | CN¥251.6b | 35x | 25.9x | 2.5x |
| Tue, 02 Nov 2021 | CN¥6.2t | CN¥2.6t | CN¥249.2b | 31.4x | 25.1x | 2.4x |
| Thu, 30 Sep 2021 | CN¥6.1t | CN¥2.4t | CN¥214.1b | 30.6x | 28.5x | 2.5x |
| Sat, 28 Aug 2021 | CN¥6.7t | CN¥2.4t | CN¥214.0b | 34.2x | 31.2x | 2.7x |
| Sun, 04 Jul 2021 | CN¥5.2t | CN¥2.4t | CN¥211.6b | 29.4x | 24.5x | 2.2x |
| Wed, 07 Apr 2021 | CN¥4.3t | CN¥2.2t | CN¥167.0b | 29.3x | 25.8x | 1.9x |
| Sat, 09 Jan 2021 | CN¥4.1t | CN¥2.0t | CN¥124.3b | 33.9x | 32.7x | 2x |
Price to Earnings Ratio
70.1x
Current Industry PE
- Investors are relatively neutral on the Chinese Chemicals 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 26.1x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 54% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Materials industry?
| CN Market | 2.19% | |
| Materials | 2.29% | |
| Chemicals | 2.46% | |
| Industrial Gases | 3.10% | |
| Specialty Chemicals | 2.86% | |
| Diversified Chemicals | 2.74% | |
| Commodity Chemicals | 2.41% | |
| Fertilizers and Agricultural Chemicals | 1.45% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry, which is trading close to its 3-year average PE ratio of 46.6x.
- Analysts are expecting annual earnings growth of 30.4%, which is higher than its past year's earnings decline of 0.9% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 19.9x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 600309 Wanhua Chemical Group | CN¥87.85 | 3.4% +CN¥8.9b | 6.9% | PE18x | |
| 2493 Rongsheng Petrochemical | CN¥11.30 | 4.2% +CN¥4.5b | 3.9% | PS0.4x | |
| 818 Hangjin Technology | CN¥35.78 | 18.9% +CN¥3.9b | 21.5% | PE204.1x | |
| 600989 Ningxia Baofeng Energy Group | CN¥14.29 | 3.3% +CN¥3.4b | 16.6% | PE23x | |
| 2648 Satellite ChemicalLtd | CN¥16.17 | 4.6% +CN¥2.4b | 27.0% | PE15.9x |