Returns On Capital Signal Tricky Times Ahead For JTF International Holdings (HKG:9689)
Oct 27
Hong Kong (HSI) Energy Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies60
- 7D-1.4%
- 3M-0.5%
- 1Y31.8%
- YTD22.1%
Over the last 7 days, the Energy industry has dropped 1.4%, driven by a pullback from PetroChina of 5.0%. In the past year, the industry has gained 32%. As for the next few years, earnings are forecast to decline by 1.3% per annum.
Sector Valuation and Performance
Has the Hong Kong Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$3.9t | HK$8.4t | HK$492.2b | 7.2x | 7.9x | 0.5x |
| Wed, 27 Sep 2023 | HK$4.1t | HK$8.4t | HK$496.4b | 7.3x | 8.2x | 0.5x |
| Fri, 25 Aug 2023 | HK$3.9t | HK$8.6t | HK$522.6b | 7.6x | 7.5x | 0.5x |
| Sun, 23 Jul 2023 | HK$4.0t | HK$8.7t | HK$533.9b | 7.2x | 7.5x | 0.5x |
| Tue, 20 Jun 2023 | HK$3.9t | HK$8.7t | HK$534.9b | 6.6x | 7.4x | 0.5x |
| Thu, 18 May 2023 | HK$4.1t | HK$9.0t | HK$548.4b | 6.6x | 7.6x | 0.5x |
| Sat, 15 Apr 2023 | HK$4.0t | HK$9.2t | HK$560.9b | 6.5x | 7.1x | 0.4x |
| Mon, 13 Mar 2023 | HK$3.5t | HK$8.9t | HK$523.2b | 6.6x | 6.6x | 0.4x |
| Wed, 08 Feb 2023 | HK$3.4t | HK$9.0t | HK$533.4b | 6.5x | 6.4x | 0.4x |
| Fri, 06 Jan 2023 | HK$3.2t | HK$8.9t | HK$524.7b | 6.7x | 6x | 0.4x |
| Sun, 04 Dec 2022 | HK$3.2t | HK$8.7t | HK$511.9b | 7.1x | 6.3x | 0.4x |
| Tue, 01 Nov 2022 | HK$3.0t | HK$8.4t | HK$500.0b | 6.6x | 6x | 0.4x |
| Thu, 29 Sep 2022 | HK$3.2t | HK$8.2t | HK$464.7b | 8.4x | 6.9x | 0.4x |
| Sat, 27 Aug 2022 | HK$3.5t | HK$8.4t | HK$466.1b | 9.9x | 7.5x | 0.4x |
| Mon, 25 Jul 2022 | HK$3.3t | HK$8.2t | HK$425.4b | 11.2x | 7.7x | 0.4x |
| Wed, 22 Jun 2022 | HK$3.4t | HK$8.3t | HK$429.0b | 10.3x | 8x | 0.4x |
| Fri, 20 May 2022 | HK$3.4t | HK$8.2t | HK$425.1b | 10.4x | 7.9x | 0.4x |
| Sun, 17 Apr 2022 | HK$3.7t | HK$8.1t | HK$387.8b | 11.2x | 9.5x | 0.5x |
| Tue, 15 Mar 2022 | HK$3.3t | HK$7.5t | HK$339.7b | 8.1x | 9.7x | 0.4x |
| Thu, 10 Feb 2022 | HK$3.3t | HK$7.4t | HK$338.4b | 8.5x | 9.8x | 0.4x |
| Sat, 08 Jan 2022 | HK$3.1t | HK$7.4t | HK$337.8b | 8.6x | 9.2x | 0.4x |
| Mon, 06 Dec 2021 | HK$3.0t | HK$7.4t | HK$337.9b | 7.8x | 8.8x | 0.4x |
| Wed, 03 Nov 2021 | HK$3.0t | HK$7.3t | HK$337.2b | 12.4x | 8.9x | 0.4x |
| Fri, 01 Oct 2021 | HK$3.3t | HK$6.7t | HK$376.2b | 11.7x | 8.9x | 0.5x |
| Sun, 29 Aug 2021 | HK$2.8t | HK$6.7t | HK$375.2b | 10.3x | 7.4x | 0.4x |
| Mon, 05 Jul 2021 | HK$3.0t | HK$6.7t | HK$375.2b | 9x | 7.9x | 0.4x |
| Thu, 08 Apr 2021 | HK$2.7t | HK$6.1t | HK$274.4b | 8.7x | 9.9x | 0.4x |
| Sun, 10 Jan 2021 | HK$2.5t | HK$6.0t | HK$156.3b | 10.8x | 15.8x | 0.4x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Energy 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 7.9x which is lower than its 3-year average PE of 9.1x.
- The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 11% 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 Hong Kong Energy sector?
| HK Market | 0.88% | |
| Energy | -1.37% | |
| Energy Services | 1.53% | |
| Oil and Gas | -1.46% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 18.6%, which is lower than the prior year's growth of 175.6% per year.
- Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 8.8x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 176% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| 1138 COSCO SHIPPING Energy Transportation | HK$8.36 | 6.6% +HK$2.5b | 46.2% | PE8.2x | |
| 650 Productive Technologies | HK$0.57 | 39.0% +HK$1.2b | -50.0% | PS7.4x | |
| 467 United Energy Group | HK$1.24 | 2.5% +HK$788.7m | 63.2% | PE11.8x | |
| 1898 China Coal Energy | HK$6.05 | 0.5% +HK$397.8m | 4.7% | PE4.8x | |
| 956 China Suntien Green Energy | HK$2.71 | 2.3% +HK$251.2m | -9.1% | PE5.1x |
