Chinese (SSE) Energy Services Industry Analysis
UpdatedOct 29, 2023
DataAggregated Company Financials
Companies29
- 7D0.3%
- 3M-3.5%
- 1Y5.7%
- YTD2.9%
The Energy Services is pretty flat in the last 7 days, but Offshore Oil EngineeringLtd has stood out, gaining 3.8%. The past year has been better, since the industry has gained 5.7% in that time. Looking forward, earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Chinese Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Oct 2023 | CN¥219.9b | CN¥240.6b | CN¥9.8b | 26.9x | 22.4x | 0.9x |
| Tue, 26 Sep 2023 | CN¥225.9b | CN¥239.8b | CN¥9.7b | 27.7x | 23.4x | 0.9x |
| Thu, 24 Aug 2023 | CN¥216.7b | CN¥241.2b | CN¥9.7b | 29.7x | 22.3x | 0.9x |
| Sat, 22 Jul 2023 | CN¥223.4b | CN¥239.8b | CN¥9.7b | 30.5x | 23.1x | 0.9x |
| Mon, 19 Jun 2023 | CN¥216.3b | CN¥239.8b | CN¥9.7b | 30.3x | 22.4x | 0.9x |
| Wed, 17 May 2023 | CN¥220.7b | CN¥239.8b | CN¥10.7b | 30.6x | 20.7x | 0.9x |
| Fri, 14 Apr 2023 | CN¥233.8b | CN¥217.3b | CN¥8.1b | 49.2x | 28.8x | 1.1x |
| Sun, 12 Mar 2023 | CN¥223.6b | CN¥233.4b | CN¥6.7b | 52.2x | 33.4x | 1x |
| Tue, 07 Feb 2023 | CN¥230.5b | CN¥233.3b | CN¥6.8b | 52.3x | 34.1x | 1x |
| Thu, 05 Jan 2023 | CN¥212.9b | CN¥233.3b | CN¥6.8b | 42.7x | 31.5x | 0.9x |
| Sat, 03 Dec 2022 | CN¥226.2b | CN¥233.3b | CN¥6.8b | 43.5x | 33.4x | 1x |
| Mon, 31 Oct 2022 | CN¥205.9b | CN¥230.0b | CN¥6.6b | 44.6x | 31.4x | 0.9x |
| Wed, 28 Sep 2022 | CN¥210.5b | CN¥229.0b | CN¥6.3b | 42.9x | 33.7x | 0.9x |
| Fri, 26 Aug 2022 | CN¥229.3b | CN¥221.2b | CN¥5.8b | 44.8x | 39.5x | 1x |
| Sun, 24 Jul 2022 | CN¥206.4b | CN¥217.9b | CN¥5.4b | 44.8x | 38.1x | 0.9x |
| Tue, 21 Jun 2022 | CN¥210.5b | CN¥217.9b | CN¥5.4b | 48.1x | 38.8x | 1x |
| Thu, 19 May 2022 | CN¥195.9b | CN¥217.9b | CN¥5.4b | 44.5x | 36.1x | 0.9x |
| Sat, 16 Apr 2022 | CN¥211.2b | CN¥204.6b | CN¥5.6b | 35.7x | 37.8x | 1x |
| Mon, 14 Mar 2022 | CN¥233.3b | CN¥202.5b | CN¥6.1b | 35.9x | 37.9x | 1.2x |
| Wed, 09 Feb 2022 | CN¥233.5b | CN¥201.5b | CN¥6.2b | 36.4x | 37.4x | 1.2x |
| Fri, 07 Jan 2022 | CN¥229.0b | CN¥199.9b | CN¥6.2b | n/a | 36.9x | 1.1x |
| Sun, 05 Dec 2021 | CN¥219.6b | CN¥199.9b | CN¥6.2b | 31.9x | 35.4x | 1.1x |
| Tue, 02 Nov 2021 | CN¥220.0b | CN¥200.1b | CN¥6.2b | 32.4x | 35.4x | 1.1x |
| Thu, 30 Sep 2021 | CN¥228.1b | CN¥193.4b | CN¥5.9b | 28.6x | 38.5x | 1.2x |
| Sat, 28 Aug 2021 | CN¥209.3b | CN¥193.4b | CN¥5.9b | 27x | 35.3x | 1.1x |
| Sun, 04 Jul 2021 | CN¥201.9b | CN¥193.4b | CN¥5.9b | 25.4x | 34x | 1x |
| Wed, 07 Apr 2021 | CN¥193.2b | CN¥186.5b | CN¥5.1b | 24.1x | 38.2x | 1x |
| Sat, 09 Jan 2021 | CN¥188.7b | CN¥177.1b | CN¥3.0b | 34.8x | 62.3x | 1.1x |
Price to Earnings Ratio
52.1x
Current Industry PE
- Investors are pessimistic on the Chinese Energy Services 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 22.4x which is lower than its 3-year average PE of 36.8x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 10% 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 Energy industry?
| CN Market | 2.19% | |
| Energy | -0.42% | |
| Energy Services | 0.33% | |
| Oil and Gas Services | 0.37% | |
| Oil and Gas Drilling | -2.89% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 36.2x.
- Analysts are expecting annual earnings growth of 21.8%, which is lower than the prior year's growth of 32.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 32% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 600583 Offshore Oil EngineeringLtd | CN¥6.33 | 3.8% +CN¥1.0b | 39.1% | PE14.3x | |
| 2443 Zhejiang Kingland Pipeline and TechnologiesLtd | CN¥7.38 | 10.6% +CN¥369.6m | 23.4% | PE12.5x | |
| 2469 Shandong Sunway Chemical Group | CN¥5.90 | 6.5% +CN¥233.6m | -13.2% | PE13.8x | |
| 2108 Cangzhou Mingzhu PlasticLtd | CN¥4.18 | 3.5% +CN¥230.8m | -6.9% | PE26x | |
| 852 Sinopec Oilfield Equipment | CN¥6.65 | 3.7% +CN¥229.4m | 15.3% | PE69.6x |