Here's Why It's Unlikely That WAC Holdings Limited's (HKG:8619) CEO Will See A Pay Rise This Year
Oct 20
Hong Kong (HSI) Professional Services Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies19
- 7D-3.3%
- 3M-4.6%
- 1Y-3.9%
- YTD-9.4%
Over the last 7 days, the Professional Services industry has dropped 3.3%, driven by Jinhai International Group Holdings declining 15%. On the other hand ManpowerGroup Greater China is actually up 6.3%. Overall the industry is down 3.9% in 12 months. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the Hong Kong Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$11.7b | HK$12.9b | HK$215.8m | 13.4x | 54.1x | 0.9x |
| Wed, 27 Sep 2023 | HK$11.6b | HK$12.9b | HK$209.9m | 14.8x | 55.4x | 0.9x |
| Fri, 25 Aug 2023 | HK$12.1b | HK$12.3b | HK$180.0m | 16.2x | 67x | 1x |
| Sun, 23 Jul 2023 | HK$11.0b | HK$12.1b | HK$118.5m | 15.8x | 92.9x | 0.9x |
| Tue, 20 Jun 2023 | HK$12.1b | HK$12.1b | HK$103.4m | 13.4x | 116.7x | 1x |
| Thu, 18 May 2023 | HK$12.4b | HK$12.7b | HK$138.2m | 14.1x | 90x | 1x |
| Sat, 15 Apr 2023 | HK$13.1b | HK$13.0b | HK$139.4m | 13.5x | 93.8x | 1x |
| Mon, 13 Mar 2023 | HK$8.1b | HK$12.5b | HK$4.0m | 34.9x | 2019.8x | 0.6x |
| Wed, 08 Feb 2023 | HK$8.1b | HK$12.7b | HK$8.5m | 36.4x | 956.5x | 0.6x |
| Fri, 06 Jan 2023 | HK$7.8b | HK$12.5b | HK$6.9m | 37.4x | 1124.9x | 0.6x |
| Sun, 04 Dec 2022 | HK$7.9b | HK$12.3b | HK$1.9m | 35.2x | 4223.4x | 0.6x |
| Tue, 01 Nov 2022 | HK$7.2b | HK$12.0b | HK$9.8m | 47.9x | 738.2x | 0.6x |
| Thu, 29 Sep 2022 | HK$7.9b | HK$12.1b | HK$12.7m | 59.4x | 618x | 0.7x |
| Sat, 27 Aug 2022 | HK$9.2b | HK$12.3b | HK$63.6m | 19.6x | 144.6x | 0.7x |
| Mon, 25 Jul 2022 | HK$9.2b | HK$12.8b | HK$221.4m | 7.9x | 41.6x | 0.7x |
| Wed, 22 Jun 2022 | HK$9.3b | HK$12.9b | HK$225.6m | 7.9x | 41x | 0.7x |
| Fri, 20 May 2022 | HK$7.7b | HK$12.5b | HK$142.1m | 8.8x | 54x | 0.6x |
| Sun, 17 Apr 2022 | HK$8.5b | HK$13.1b | HK$154.9m | 9.5x | 54.6x | 0.6x |
| Tue, 15 Mar 2022 | HK$8.0b | HK$11.2b | HK$241.1m | 14.8x | 33.2x | 0.7x |
| Thu, 10 Feb 2022 | HK$8.3b | HK$11.1b | HK$235.2m | 15.1x | 35.2x | 0.7x |
| Sat, 08 Jan 2022 | HK$7.9b | HK$11.1b | HK$237.7m | 18.8x | 33.4x | 0.7x |
| Mon, 06 Dec 2021 | HK$8.3b | HK$11.1b | HK$238.9m | 19.3x | 34.9x | 0.8x |
| Wed, 03 Nov 2021 | HK$8.5b | HK$11.1b | -HK$625,426,149.00 | n/a | -13.6x | 0.8x |
| Fri, 01 Oct 2021 | HK$7.9b | HK$11.1b | -HK$627,039,695.00 | 19x | -12.7x | 0.7x |
| Sun, 29 Aug 2021 | HK$8.6b | HK$11.0b | -HK$628,977,545.30 | 17.9x | -13.7x | 0.8x |
| Mon, 05 Jul 2021 | HK$9.5b | HK$11.0b | -HK$628,977,545.30 | 17.2x | -15x | 0.9x |
| Thu, 08 Apr 2021 | HK$10.5b | HK$10.1b | -HK$629,882,203.48 | 34x | -16.7x | 1x |
| Sun, 10 Jan 2021 | HK$10.5b | HK$9.3b | -HK$781,093,661.12 | 66x | -13.4x | 1.1x |
Price to Earnings Ratio
-10.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Professional 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 54.1x which is lower than its 3-year average PE of 539x.
- The industry is trading close to its 3-year average PS ratio of 0.85x.
Past Earnings Growth
- Total earnings for the Professional Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 0.88% | |
| Industrials | 2.98% | |
| Professional Services | -3.32% | |
| Research and Consulting Services | 1.39% | |
| HR Services | -8.11% | |
Industry PE
- Investors are most optimistic about the HR Services industry which is trading above its 3-year average PE ratio of 11.1x.
- Analysts are expecting annual earnings growth of 51.0%, which is higher than its past year's earnings decline of 28.7% per year.
Forecasted Growth
- Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Research and Consulting Services industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| 2250 B.Duck Semk Holdings International | HK$1.56 | 7.6% +HK$107.9m | 20.9% | PE19.5x | |
| 2180 ManpowerGroup Greater China | HK$5.90 | 6.3% +HK$72.6m | -19.7% | PE9.6x | |
| 6128 Graphex Group | HK$0.42 | 6.3% +HK$19.7m | 9.0% | PS1x | |
| 2440 Howkingtech International Holding | HK$1.60 | 2.6% +HK$8.6m | n/a | PE9.8x | |
| 8042 KOS International Holdings | HK$0.049 | 4.3% +HK$1.6m | -30.0% | PE14x |
