Is Shandong Molong Petroleum Machinery (HKG:568) A Risky Investment?
Oct 20
Hong Kong (HSI) Energy Services Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies16
- 7D1.5%
- 3M2.0%
- 1Y11.6%
- YTD3.6%
In the last week, the Energy Services industry is up 1.5%, with China Oilfield Services up 3.8%. This means that the industry has gained 12% over the past year. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Hong Kong Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$118.0b | HK$163.7b | HK$2.7b | 12.5x | 44.1x | 0.7x |
| Wed, 27 Sep 2023 | HK$119.5b | HK$162.0b | HK$2.7b | 15.9x | 44.4x | 0.7x |
| Fri, 25 Aug 2023 | HK$114.7b | HK$160.8b | HK$1.7b | 14.7x | 68x | 0.7x |
| Sun, 23 Jul 2023 | HK$114.1b | HK$160.0b | HK$1.6b | 14.2x | 70.8x | 0.7x |
| Tue, 20 Jun 2023 | HK$107.0b | HK$160.5b | HK$1.6b | 12.9x | 66.2x | 0.7x |
| Thu, 18 May 2023 | HK$117.2b | HK$164.5b | HK$1.7b | 13.9x | 71x | 0.7x |
| Sat, 15 Apr 2023 | HK$124.2b | HK$163.7b | HK$1.5b | 13.1x | 82.1x | 0.8x |
| Mon, 13 Mar 2023 | HK$121.2b | HK$159.9b | -HK$1,089,671,103.00 | 22.8x | -111.2x | 0.8x |
| Wed, 08 Feb 2023 | HK$122.9b | HK$162.7b | -HK$1,104,864,284.00 | 22.1x | -111.2x | 0.8x |
| Fri, 06 Jan 2023 | HK$123.8b | HK$160.1b | -HK$1,087,476,832.00 | 22.3x | -113.8x | 0.8x |
| Sun, 04 Dec 2022 | HK$123.3b | HK$156.3b | -HK$1,061,013,067.00 | 22x | -116.2x | 0.8x |
| Tue, 01 Nov 2022 | HK$113.2b | HK$152.5b | -HK$1,036,355,325.00 | 23.2x | -109.3x | 0.7x |
| Thu, 29 Sep 2022 | HK$105.2b | HK$149.6b | -HK$1,460,458,202.00 | 24.1x | -72.1x | 0.7x |
| Sat, 27 Aug 2022 | HK$115.0b | HK$156.6b | -HK$692,228,885.00 | 41.4x | -166.1x | 0.7x |
| Mon, 25 Jul 2022 | HK$107.7b | HK$155.5b | -HK$843,806,531.00 | 46.2x | -127.6x | 0.7x |
| Wed, 22 Jun 2022 | HK$113.3b | HK$156.9b | -HK$851,624,970.00 | 45.1x | -133.1x | 0.7x |
| Fri, 20 May 2022 | HK$106.4b | HK$155.5b | -HK$832,887,762.00 | 40x | -127.8x | 0.7x |
| Sun, 17 Apr 2022 | HK$118.5b | HK$162.6b | -HK$966,837,506.00 | 40.1x | -122.5x | 0.7x |
| Tue, 15 Mar 2022 | HK$118.3b | HK$155.9b | HK$3.0b | 13x | 39.4x | 0.8x |
| Thu, 10 Feb 2022 | HK$131.7b | HK$154.1b | HK$3.0b | 16.4x | 44.2x | 0.9x |
| Sat, 08 Jan 2022 | HK$127.7b | HK$153.9b | HK$3.0b | 13.8x | 43x | 0.8x |
| Mon, 06 Dec 2021 | HK$116.1b | HK$153.9b | HK$3.0b | 12.4x | 39.1x | 0.8x |
| Wed, 03 Nov 2021 | HK$126.1b | HK$153.2b | HK$3.0b | n/a | 42.6x | 0.8x |
| Fri, 01 Oct 2021 | HK$134.6b | HK$151.5b | HK$2.5b | 16.4x | 53x | 0.9x |
| Sun, 29 Aug 2021 | HK$112.8b | HK$150.6b | HK$2.5b | 19.9x | 44.6x | 0.7x |
| Mon, 05 Jul 2021 | HK$118.5b | HK$150.6b | HK$2.5b | 22.2x | 46.9x | 0.8x |
| Thu, 08 Apr 2021 | HK$117.6b | HK$148.1b | HK$2.4b | 8.8x | 48.3x | 0.8x |
| Sun, 10 Jan 2021 | HK$105.4b | HK$147.7b | HK$3.0b | 13.9x | 35.6x | 0.7x |
Price to Earnings Ratio
31.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Energy Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.8x which is higher than its 3-year average PE of -3.0x.
- The industry is trading close to its 3-year average PS ratio of 0.75x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have declined 2.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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 Energy industry?
| HK Market | 0.88% | |
| Energy | -1.37% | |
| Energy Services | 1.53% | |
| Oil and Gas Drilling | 3.81% | |
| Oil and Gas Services | -1.43% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry even though it's trading below its 3-year average PE ratio of 50.2x.
- Analysts are expecting annual earnings growth of 26.3%, which is lower than the prior year's growth of 175.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 26% 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 Services industry is expected to see its earnings grow by 3.0% 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 | |
|---|---|---|---|---|---|
| 2883 China Oilfield Services | HK$9.23 | 0.5% +HK$238.6m | 4.4% | PE16.1x | |
| 3337 Anton Oilfield Services Group | HK$0.48 | 18.5% +HK$225.5m | 68.4% | PE4.5x | |
| 1921 Dalipal Holdings | HK$4.57 | 2.7% +HK$180.0m | 88.8% | PE36.2x | |
| 206 CM Energy Tech | HK$0.24 | 6.2% +HK$45.4m | -0.4% | PE3.4x | |
| 196 Honghua Group | HK$0.12 | 2.6% +HK$26.8m | -39.5% | PS0.2x |
