China National Building Material Company Limited's (HKG:3323) Intrinsic Value Is Potentially 49% Above Its Share Price
Oct 29
Hong Kong (HSI) Construction Materials Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies18
- 7D5.2%
- 3M-21.2%
- 1Y-14.1%
- YTD-33.2%
In the last week, the Construction Materials industry is up 5.2%, with Anhui Conch Cement up 7.0%. In contrast, the industry has lost 14% in the last 12 months. Looking forward, earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Hong Kong Construction Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$226.9b | HK$575.0b | HK$17.9b | 13.2x | 12.7x | 0.4x |
| Wed, 27 Sep 2023 | HK$240.8b | HK$574.9b | HK$19.4b | 11x | 12.4x | 0.4x |
| Fri, 25 Aug 2023 | HK$252.9b | HK$589.9b | HK$22.4b | 11.4x | 11.3x | 0.4x |
| Sun, 23 Jul 2023 | HK$250.8b | HK$597.3b | HK$25.4b | 9.6x | 9.9x | 0.4x |
| Tue, 20 Jun 2023 | HK$276.2b | HK$599.6b | HK$25.5b | 10.6x | 10.8x | 0.5x |
| Thu, 18 May 2023 | HK$286.5b | HK$613.8b | HK$26.2b | 11.8x | 11x | 0.5x |
| Sat, 15 Apr 2023 | HK$315.1b | HK$628.9b | HK$33.7b | 10.5x | 9.4x | 0.5x |
| Mon, 13 Mar 2023 | HK$328.2b | HK$667.8b | HK$49.0b | 6.3x | 6.7x | 0.5x |
| Wed, 08 Feb 2023 | HK$328.8b | HK$680.0b | HK$50.2b | 6x | 6.6x | 0.5x |
| Fri, 06 Jan 2023 | HK$321.8b | HK$669.1b | HK$49.3b | 6.9x | 6.5x | 0.5x |
| Sun, 04 Dec 2022 | HK$314.2b | HK$653.7b | HK$48.2b | 5.9x | 6.5x | 0.5x |
| Tue, 01 Nov 2022 | HK$250.8b | HK$653.0b | HK$51.7b | 4.9x | 4.9x | 0.4x |
| Thu, 29 Sep 2022 | HK$297.7b | HK$680.9b | HK$59.7b | 4.6x | 5x | 0.4x |
| Sat, 27 Aug 2022 | HK$352.8b | HK$729.6b | HK$65.7b | 5.6x | 5.4x | 0.5x |
| Mon, 25 Jul 2022 | HK$365.9b | HK$761.0b | HK$74.5b | 4.8x | 4.9x | 0.5x |
| Wed, 22 Jun 2022 | HK$382.3b | HK$767.5b | HK$75.1b | 5x | 5.1x | 0.5x |
| Fri, 20 May 2022 | HK$425.0b | HK$761.7b | HK$74.2b | 5.8x | 5.7x | 0.6x |
| Sun, 17 Apr 2022 | HK$473.1b | HK$816.5b | HK$80.5b | 6x | 5.9x | 0.6x |
| Tue, 15 Mar 2022 | HK$425.7b | HK$820.6b | HK$80.7b | 5.6x | 5.3x | 0.5x |
| Thu, 10 Feb 2022 | HK$488.1b | HK$814.1b | HK$80.1b | 6.5x | 6.1x | 0.6x |
| Sat, 08 Jan 2022 | HK$486.8b | HK$812.8b | HK$80.0b | 6.1x | 6.1x | 0.6x |
| Mon, 06 Dec 2021 | HK$429.1b | HK$812.2b | HK$80.5b | 5.5x | 5.3x | 0.5x |
| Wed, 03 Nov 2021 | HK$437.9b | HK$808.5b | HK$80.2b | n/a | 5.5x | 0.5x |
| Fri, 01 Oct 2021 | HK$474.5b | HK$815.2b | HK$83.7b | 5.9x | 5.7x | 0.6x |
| Sun, 29 Aug 2021 | HK$458.3b | HK$811.8b | HK$83.4b | 7x | 5.5x | 0.6x |
| Mon, 05 Jul 2021 | HK$457.1b | HK$811.8b | HK$83.4b | 6.9x | 5.5x | 0.6x |
| Thu, 08 Apr 2021 | HK$547.7b | HK$794.6b | HK$83.7b | 7.2x | 6.5x | 0.7x |
| Sun, 10 Jan 2021 | HK$528.8b | HK$747.9b | HK$80.3b | 7.1x | 6.6x | 0.7x |
Price to Earnings Ratio
6.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Construction Materials 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 7.0x.
- The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
- The earnings for companies in the Construction Materials industry have declined 39% per year over the last three years,
- Revenues have also declined 6.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Construction Materials compare with similar industries?
| HK Market | 0.88% | |
| Materials | 3.21% | |
| Basic Materials | 5.24% | |
| Construction Materials | 5.24% | |
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 | |
|---|---|---|---|---|---|
| 914 Anhui Conch Cement | HK$19.68 | 7.0% +HK$6.8b | -2.6% | PE8.2x | |
| 3323 China National Building Material | HK$3.80 | 10.5% +HK$3.0b | -16.7% | PE7.9x | |
| 1313 China Resources Cement Holdings | HK$2.01 | 13.6% +HK$1.7b | -29.2% | PE17.4x | |
| 1252 China Tianrui Group Cement | HK$5.65 | 7.0% +HK$1.1b | -4.2% | PE108.9x | |
| 2009 BBMG | HK$0.79 | 3.9% +HK$320.3m | -2.5% | PS0.08x |
