Chinese (SSE) Materials Sector Analysis
UpdatedOct 29, 2023
DataAggregated Company Financials
Companies801
- 7D2.3%
- 3M-9.7%
- 1Y-11.5%
- YTD-14.5%
Baoshan Iron & Steel is up 7.5%, leading the way for the Materials industry, which has gained 2.3%. Meanwhile, China Jushi actually underperformed within the industry, shrinking 7.2% in the last week. However, the industry is down 11% over the past year. Looking forward, earnings are forecast to grow by 35% annually.
Sector Valuation and Performance
Has the Chinese Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Oct 2023 | CN¥8.2t | CN¥8.3t | CN¥308.3b | 31.7x | 26.7x | 1x |
| Tue, 26 Sep 2023 | CN¥8.5t | CN¥8.3t | CN¥313.5b | 33.3x | 27.1x | 1x |
| Thu, 24 Aug 2023 | CN¥8.4t | CN¥8.4t | CN¥376.4b | 29.2x | 22.3x | 1x |
| Sat, 22 Jul 2023 | CN¥8.8t | CN¥8.5t | CN¥399.4b | 30.1x | 22.1x | 1x |
| Mon, 19 Jun 2023 | CN¥8.8t | CN¥8.4t | CN¥398.4b | 29.7x | 22x | 1x |
| Wed, 17 May 2023 | CN¥9.0t | CN¥8.5t | CN¥406.3b | 29.2x | 22.1x | 1.1x |
| Fri, 14 Apr 2023 | CN¥9.5t | CN¥8.5t | CN¥508.7b | 28.8x | 18.7x | 1.1x |
| Sun, 12 Mar 2023 | CN¥9.8t | CN¥8.4t | CN¥503.6b | 29.6x | 19.4x | 1.2x |
| Tue, 07 Feb 2023 | CN¥10.1t | CN¥8.5t | CN¥513.7b | 29.6x | 19.7x | 1.2x |
| Thu, 05 Jan 2023 | CN¥9.3t | CN¥8.4t | CN¥513.2b | 27.5x | 18.2x | 1.1x |
| Sat, 03 Dec 2022 | CN¥9.8t | CN¥8.4t | CN¥513.0b | 28.5x | 19.1x | 1.2x |
| Mon, 31 Oct 2022 | CN¥9.0t | CN¥8.4t | CN¥507.0b | 26.1x | 17.8x | 1.1x |
| Wed, 28 Sep 2022 | CN¥9.8t | CN¥8.4t | CN¥571.9b | 26.3x | 17.1x | 1.2x |
| Fri, 26 Aug 2022 | CN¥10.6t | CN¥8.2t | CN¥571.6b | 28.8x | 18.5x | 1.3x |
| Sun, 24 Jul 2022 | CN¥10.6t | CN¥8.1t | CN¥576.0b | 28.4x | 18.4x | 1.3x |
| Tue, 21 Jun 2022 | CN¥10.8t | CN¥8.1t | CN¥575.4b | 27x | 18.8x | 1.3x |
| Thu, 19 May 2022 | CN¥9.5t | CN¥8.1t | CN¥574.7b | 24.8x | 16.6x | 1.2x |
| Sat, 16 Apr 2022 | CN¥9.9t | CN¥7.6t | CN¥547.9b | 25.9x | 18x | 1.3x |
| Mon, 14 Mar 2022 | CN¥10.4t | CN¥7.2t | CN¥522.9b | 29.1x | 19.9x | 1.4x |
| Wed, 09 Feb 2022 | CN¥10.6t | CN¥7.2t | CN¥513.7b | 29.5x | 20.7x | 1.5x |
| Fri, 07 Jan 2022 | CN¥11.1t | CN¥7.1t | CN¥511.6b | 38.7x | 21.7x | 1.6x |
| Sun, 05 Dec 2021 | CN¥11.6t | CN¥7.1t | CN¥510.1b | 32.4x | 22.7x | 1.6x |
| Tue, 02 Nov 2021 | CN¥10.8t | CN¥7.2t | CN¥509.6b | 28.7x | 21.1x | 1.5x |
| Thu, 30 Sep 2021 | CN¥10.6t | CN¥6.6t | CN¥444.7b | 28.9x | 23.9x | 1.6x |
| Sat, 28 Aug 2021 | CN¥11.8t | CN¥6.5t | CN¥444.1b | 32.5x | 26.5x | 1.8x |
| Sun, 04 Jul 2021 | CN¥9.2t | CN¥6.5t | CN¥441.0b | 27.6x | 20.8x | 1.4x |
| Wed, 07 Apr 2021 | CN¥7.9t | CN¥6.0t | CN¥347.1b | 27.4x | 22.8x | 1.3x |
| Sat, 09 Jan 2021 | CN¥7.5t | CN¥5.4t | CN¥269.3b | 33.1x | 27.7x | 1.4x |
Price to Earnings Ratio
38.8x
Current Industry PE
- Investors are optimistic on the Chinese Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of 22.9x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.99x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 17% 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 Materials sector?
| CN Market | 2.19% | |
| Materials | 2.29% | |
| Paper and Forestry Products | 2.69% | |
| Chemicals | 2.46% | |
| Packaging | 2.41% | |
| Metals and Mining | 2.08% | |
| Basic Materials | 1.40% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 43.0x.
- Analysts are expecting annual earnings growth of 48.1%, which is higher than its past year's earnings decline of 36.7% per year.
- Investors are most pessimistic about the Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.0x.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings decline of 37% per year.
- In contrast, the Metals and Mining 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 | |
|---|---|---|---|---|---|
| 600019 Baoshan Iron & Steel | CN¥6.28 | 7.5% +CN¥9.6b | 26.9% | PE12.7x | |
| 600309 Wanhua Chemical Group | CN¥87.85 | 3.4% +CN¥8.9b | 6.9% | PE18x | |
| 2493 Rongsheng Petrochemical | CN¥11.30 | 4.2% +CN¥4.5b | 3.9% | PS0.4x | |
| 818 Hangjin Technology | CN¥35.78 | 18.9% +CN¥3.9b | 21.5% | PE204.1x | |
| 708 Citic Pacific Special Steel Group | CN¥15.25 | 4.8% +CN¥3.5b | -5.0% | PE12.1x |