Chinese (SSE) Machinery Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies474
- 7D2.7%
- 3M-10.6%
- 1Y-2.6%
- YTD-3.8%
Over the last 7 days, the Machinery industry has risen 2.7%, driven by gains in Sany Heavy IndustryLtd and Jiangsu Hengli HydraulicLtd of 5.5% and 8.3%, respectively. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Chinese Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | CN¥3.8t | CN¥2.1t | CN¥104.6b | 32.3x | 36.6x | 1.8x |
| Wed, 27 Sep 2023 | CN¥4.0t | CN¥2.1t | CN¥102.7b | 34.3x | 38.5x | 1.9x |
| Fri, 25 Aug 2023 | CN¥4.0t | CN¥2.1t | CN¥105.1b | 33.9x | 37.8x | 1.9x |
| Sun, 23 Jul 2023 | CN¥4.2t | CN¥2.1t | CN¥103.4b | 36.2x | 40.9x | 2x |
| Tue, 20 Jun 2023 | CN¥4.3t | CN¥2.1t | CN¥103.1b | 37.1x | 41.6x | 2.1x |
| Thu, 18 May 2023 | CN¥4.1t | CN¥2.1t | CN¥101.2b | 34.9x | 40.4x | 2x |
| Sat, 15 Apr 2023 | CN¥4.2t | CN¥2.0t | CN¥106.0b | 34.9x | 39.3x | 2.1x |
| Mon, 13 Mar 2023 | CN¥4.1t | CN¥2.0t | CN¥96.8b | 35.6x | 42.4x | 2.1x |
| Wed, 08 Feb 2023 | CN¥4.1t | CN¥2.0t | CN¥95.4b | 37.2x | 43.5x | 2.1x |
| Fri, 06 Jan 2023 | CN¥3.8t | CN¥2.0t | CN¥94.6b | 33.9x | 40.3x | 1.9x |
| Sun, 04 Dec 2022 | CN¥3.9t | CN¥2.0t | CN¥94.3b | 35.2x | 41.7x | 2x |
| Tue, 01 Nov 2022 | CN¥3.7t | CN¥1.9t | CN¥93.8b | 34.6x | 39.7x | 1.9x |
| Thu, 29 Sep 2022 | CN¥3.6t | CN¥1.9t | CN¥97.1b | 32.8x | 37.5x | 1.9x |
| Sat, 27 Aug 2022 | CN¥4.0t | CN¥2.0t | CN¥108.1b | 36.9x | 36.6x | 1.9x |
| Mon, 25 Jul 2022 | CN¥4.0t | CN¥2.0t | CN¥103.8b | 35.7x | 38.2x | 2x |
| Wed, 22 Jun 2022 | CN¥3.7t | CN¥2.0t | CN¥103.2b | 32.7x | 35.5x | 1.9x |
| Fri, 20 May 2022 | CN¥3.2t | CN¥1.9t | CN¥102.1b | 30.5x | 31.6x | 1.7x |
| Sun, 17 Apr 2022 | CN¥3.2t | CN¥1.9t | CN¥109.9b | 28.9x | 29.4x | 1.7x |
| Tue, 15 Mar 2022 | CN¥3.5t | CN¥1.9t | CN¥120.3b | 32x | 29x | 1.8x |
| Thu, 10 Feb 2022 | CN¥3.8t | CN¥1.9t | CN¥118.7b | 37.3x | 32.4x | 2x |
| Sat, 08 Jan 2022 | CN¥4.1t | CN¥1.9t | CN¥117.0b | 40.6x | 34.8x | 2.1x |
| Mon, 06 Dec 2021 | CN¥4.2t | CN¥1.9t | CN¥116.0b | 40.6x | 35.9x | 2.2x |
| Wed, 03 Nov 2021 | CN¥3.9t | CN¥1.9t | CN¥119.5b | 44.9x | 32.8x | 2.1x |
| Fri, 01 Oct 2021 | CN¥3.9t | CN¥1.9t | CN¥119.7b | 36x | 32.5x | 2.1x |
| Sun, 29 Aug 2021 | CN¥4.1t | CN¥1.9t | CN¥119.1b | 38.8x | 34.7x | 2.2x |
| Mon, 05 Jul 2021 | CN¥3.6t | CN¥1.9t | CN¥117.5b | 34.2x | 30.5x | 1.9x |
| Thu, 08 Apr 2021 | CN¥3.4t | CN¥1.8t | CN¥114.3b | 32.4x | 29.9x | 1.9x |
| Sun, 10 Jan 2021 | CN¥3.4t | CN¥1.6t | CN¥94.1b | 39.7x | 35.8x | 2.1x |
Price to Earnings Ratio
36.5x
Current Industry PE
- Investors are relatively neutral on the Chinese Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 36.1x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 7.2% per year over the last three years.
- Revenues for these companies have grown 12% 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 Industrials industry?
| CN Market | 2.25% | |
| Industrials | 2.41% | |
| Machinery | 2.70% | |
| Agricultural Machinery | 4.82% | |
| Construction Machinery and Vehicles | 3.47% | |
| Industrial Machinery | 2.35% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry even though it's trading below its 3-year average PE ratio of 45.9x.
- Analysts are expecting annual earnings growth of 30.0%, which is higher than its past year's earnings growth of 6.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings growth rate of 2.4% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 30% 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 | |
|---|---|---|---|---|---|
| 600031 Sany Heavy IndustryLtd | CN¥15.03 | 5.5% +CN¥6.7b | 11.3% | PE25.2x | |
| 601100 Jiangsu Hengli HydraulicLtd | CN¥59.04 | 8.3% +CN¥6.1b | 7.0% | PE30.9x | |
| 603985 Jiangyin Hengrun Heavy Industries | CN¥46.64 | 31.2% +CN¥4.9b | 71.7% | PE213.7x | |
| 300442 Range iData Tech Group | CN¥23.55 | 13.2% +CN¥4.7b | -8.2% | PE27x | |
| 2050 Zhejiang Sanhua Intelligent ControlsLtd | CN¥27.25 | 5.0% +CN¥4.7b | 28.2% | PE32.9x |