Chinese (SSE) Commercial Services Industry Analysis
UpdatedOct 29, 2023
DataAggregated Company Financials
Companies111
- 7D3.3%
- 3M-7.4%
- 1Y2.8%
- YTD-5.3%
Over the last 7 days, the Commercial Services industry has risen 3.3%, driven by gains from Shanghai M&G Stationery of 11%. In the same time, HongboLtd was down 12%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 32% per annum.
Industry Valuation and Performance
Has the Chinese Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Oct 2023 | CN¥546.0b | CN¥325.0b | CN¥8.5b | 31.9x | 64.4x | 1.7x |
| Tue, 26 Sep 2023 | CN¥544.4b | CN¥313.8b | CN¥8.5b | 32.6x | 63.9x | 1.7x |
| Thu, 24 Aug 2023 | CN¥577.5b | CN¥313.0b | CN¥9.5b | 34.9x | 60.8x | 1.8x |
| Sat, 22 Jul 2023 | CN¥563.5b | CN¥308.3b | CN¥9.3b | 31.3x | 60.3x | 1.8x |
| Mon, 19 Jun 2023 | CN¥565.0b | CN¥308.3b | CN¥9.3b | 31.2x | 60.5x | 1.8x |
| Wed, 17 May 2023 | CN¥563.5b | CN¥307.0b | CN¥9.7b | 32.8x | 57.9x | 1.8x |
| Fri, 14 Apr 2023 | CN¥566.1b | CN¥289.2b | CN¥8.5b | 29.7x | 66.9x | 2x |
| Sun, 12 Mar 2023 | CN¥577.1b | CN¥289.5b | CN¥6.5b | 31.7x | 88.6x | 2x |
| Tue, 07 Feb 2023 | CN¥573.5b | CN¥289.5b | CN¥8.2b | 28.6x | 69.6x | 2x |
| Thu, 05 Jan 2023 | CN¥543.1b | CN¥289.5b | CN¥8.2b | 26.9x | 65.9x | 1.9x |
| Sat, 03 Dec 2022 | CN¥552.2b | CN¥288.2b | CN¥8.0b | 28.6x | 68.7x | 1.9x |
| Mon, 31 Oct 2022 | CN¥496.9b | CN¥292.3b | CN¥8.8b | 25.4x | 56.5x | 1.7x |
| Wed, 28 Sep 2022 | CN¥528.2b | CN¥290.1b | CN¥9.1b | 26.8x | 58.3x | 1.8x |
| Fri, 26 Aug 2022 | CN¥553.6b | CN¥298.1b | CN¥11.7b | 30.1x | 47.5x | 1.9x |
| Sun, 24 Jul 2022 | CN¥578.5b | CN¥299.8b | CN¥8.2b | 31.2x | 70.7x | 1.9x |
| Tue, 21 Jun 2022 | CN¥528.2b | CN¥297.9b | CN¥8.0b | 29.6x | 66.1x | 1.8x |
| Thu, 19 May 2022 | CN¥507.9b | CN¥297.4b | CN¥5.9b | 28.4x | 85.9x | 1.7x |
| Sat, 16 Apr 2022 | CN¥510.1b | CN¥308.3b | CN¥9.8b | 25.3x | 51.9x | 1.7x |
| Mon, 14 Mar 2022 | CN¥578.2b | CN¥309.2b | CN¥10.2b | 29.1x | 56.9x | 1.9x |
| Wed, 09 Feb 2022 | CN¥582.0b | CN¥314.1b | CN¥10.1b | 28.5x | 57.5x | 1.9x |
| Fri, 07 Jan 2022 | CN¥643.1b | CN¥313.7b | CN¥10.1b | n/a | 63.7x | 2x |
| Sun, 05 Dec 2021 | CN¥595.1b | CN¥312.0b | CN¥9.9b | 30.2x | 60.2x | 1.9x |
| Tue, 02 Nov 2021 | CN¥542.5b | CN¥307.3b | CN¥9.1b | 26.5x | 59.7x | 1.8x |
| Thu, 30 Sep 2021 | CN¥582.3b | CN¥304.5b | CN¥11.2b | 23.5x | 52x | 1.9x |
| Sat, 28 Aug 2021 | CN¥557.7b | CN¥303.2b | CN¥11.0b | 23.4x | 50.6x | 1.8x |
| Sun, 04 Jul 2021 | CN¥550.4b | CN¥301.2b | CN¥10.6b | 22.4x | 51.8x | 1.8x |
| Wed, 07 Apr 2021 | CN¥592.9b | CN¥291.0b | CN¥14.4b | 25.3x | 41.3x | 2x |
| Sat, 09 Jan 2021 | CN¥489.9b | CN¥266.1b | CN¥11.7b | 22.4x | 41.9x | 1.8x |
Price to Earnings Ratio
35.5x
Current Industry PE
- Investors are optimistic on the Chinese Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 64.4x which is higher than its 3-year average PE of 56.7x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.5% 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 Chinese Industrials industry?
| CN Market | 2.19% | |
| Industrials | 2.38% | |
| Commercial Services | 3.35% | |
| Office Services and Supplies | 7.60% | |
| Security and Alarm Services | 6.03% | |
| Environmental and Facilities Services | 3.74% | |
| Diversified Support Services | -0.19% | |
| Commercial Printing | -4.44% | |
Industry PE
- Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 58.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 39% per year.
- In contrast, the Office Services and Supplies industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 603899 Shanghai M&G Stationery | CN¥38.09 | 11.3% +CN¥3.6b | -6.3% | PE26x | |
| 603568 Zhejiang Weiming Environment Protection | CN¥17.80 | 3.5% +CN¥1.0b | -6.8% | PE15.4x | |
| 300070 Beijing Originwater Technology | CN¥5.11 | 5.4% +CN¥942.3m | 8.0% | PE17.1x | |
| 301038 Shenzhen Water Planning & Design Institute | CN¥22.70 | 20.5% +CN¥662.4m | 46.9% | PS4.6x | |
| 301297 Ferrotec (An Hui) Technology DevelopmentLTD | CN¥24.65 | 8.0% +CN¥619.3m | n/a | PE93.9x |