Pacific Basin Shipping (HKG:2343) Might Have The Makings Of A Multi-Bagger
Oct 20
Hong Kong (HSI) Marine Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies14
- 7D2.4%
- 3M-12.4%
- 1Y-9.0%
- YTD-13.5%
Over the last 7 days, the Marine industry has risen 2.4%, driven by gains from COSCO SHIPPING Holdings of 3.4%. However, the industry is down 9.0% over the past year. Looking forward, earnings are forecast to decline by 59% per year.
Industry Valuation and Performance
Has the Hong Kong Marine Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$276.0b | HK$447.7b | HK$119.1b | 5.9x | 2.3x | 0.6x |
| Wed, 27 Sep 2023 | HK$284.7b | HK$448.0b | HK$119.2b | 6.1x | 2.4x | 0.6x |
| Fri, 25 Aug 2023 | HK$291.4b | HK$517.1b | HK$150.2b | 6.4x | 1.9x | 0.6x |
| Sun, 23 Jul 2023 | HK$304.2b | HK$583.8b | HK$196.0b | 6.2x | 1.6x | 0.5x |
| Tue, 20 Jun 2023 | HK$300.6b | HK$585.2b | HK$196.6b | 4.1x | 1.5x | 0.5x |
| Thu, 18 May 2023 | HK$345.9b | HK$594.7b | HK$199.2b | 4x | 1.7x | 0.6x |
| Sat, 15 Apr 2023 | HK$369.9b | HK$671.1b | HK$225.3b | 4.2x | 1.6x | 0.6x |
| Mon, 13 Mar 2023 | HK$341.6b | HK$704.0b | HK$235.0b | 3.1x | 1.5x | 0.5x |
| Wed, 08 Feb 2023 | HK$342.4b | HK$712.9b | HK$240.1b | 2.6x | 1.4x | 0.5x |
| Fri, 06 Jan 2023 | HK$325.3b | HK$703.9b | HK$237.3b | 2.5x | 1.4x | 0.5x |
| Sun, 04 Dec 2022 | HK$353.7b | HK$691.6b | HK$233.7b | 2.5x | 1.5x | 0.5x |
| Tue, 01 Nov 2022 | HK$306.8b | HK$682.3b | HK$231.5b | 1.7x | 1.3x | 0.4x |
| Thu, 29 Sep 2022 | HK$330.1b | HK$672.3b | HK$230.8b | 2.1x | 1.4x | 0.5x |
| Sat, 27 Aug 2022 | HK$465.3b | HK$657.7b | HK$219.0b | 3x | 2.1x | 0.7x |
| Mon, 25 Jul 2022 | HK$522.6b | HK$619.5b | HK$190.8b | 4.5x | 2.7x | 0.8x |
| Wed, 22 Jun 2022 | HK$488.3b | HK$623.3b | HK$191.8b | 4.8x | 2.5x | 0.8x |
| Fri, 20 May 2022 | HK$501.3b | HK$619.3b | HK$190.7b | 4.6x | 2.6x | 0.8x |
| Sun, 17 Apr 2022 | HK$513.8b | HK$594.9b | HK$182.7b | 4.5x | 2.8x | 0.9x |
| Tue, 15 Mar 2022 | HK$544.6b | HK$555.2b | HK$154.9b | 5.2x | 3.5x | 1x |
| Thu, 10 Feb 2022 | HK$559.9b | HK$477.7b | HK$126.0b | 10.7x | 4.4x | 1.2x |
| Sat, 08 Jan 2022 | HK$565.8b | HK$477.2b | HK$125.8b | 10.3x | 4.5x | 1.2x |
| Mon, 06 Dec 2021 | HK$519.8b | HK$477.2b | HK$125.8b | 10.9x | 4.1x | 1.1x |
| Wed, 03 Nov 2021 | HK$465.8b | HK$475.2b | HK$125.2b | n/a | 3.7x | 1x |
| Fri, 01 Oct 2021 | HK$492.4b | HK$414.2b | HK$91.0b | 10.8x | 5.4x | 1.2x |
| Sun, 29 Aug 2021 | HK$612.5b | HK$412.6b | HK$90.7b | 11.7x | 6.8x | 1.5x |
| Mon, 05 Jul 2021 | HK$621.5b | HK$412.6b | HK$90.7b | 9.2x | 6.9x | 1.5x |
| Thu, 08 Apr 2021 | HK$340.0b | HK$347.4b | HK$51.6b | 6.1x | 6.6x | 1x |
| Sun, 10 Jan 2021 | HK$268.9b | HK$295.1b | HK$19.9b | 9.3x | 13.5x | 0.9x |
Price to Earnings Ratio
10.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Marine 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 2.3x which is lower than its 3-year average PE of 4.8x.
- The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
- The earnings for companies in the Marine industry have grown 102% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Marine compare with similar industries?
| HK Market | 0.88% | |
| Industrials | 2.98% | |
| Marine and Shipping | 2.38% | |
| Marine | 2.38% | |
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 | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$7.96 | 3.4% +HK$4.2b | -6.0% | PE2x | |
| 316 Orient Overseas (International) | HK$103.50 | 4.0% +HK$2.6b | -9.8% | PE1.6x | |
| 2343 Pacific Basin Shipping | HK$2.31 | 6.5% +HK$736.8m | 21.6% | PE4.8x | |
| 351 Asia Energy Logistics Group | HK$0.19 | 5.6% +HK$19.9m | -6.4% | PS2.5x | |
| 2682 Yun Lee Marine Group Holdings | HK$0.20 | 2.6% +HK$5.0m | 5.3% | PE5.6x |