China Water Industry Group (HKG:1129) Has A Somewhat Strained Balance Sheet
Oct 18
Hong Kong (HSI) Water Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies12
- 7D-1.1%
- 3M-17.3%
- 1Y1.1%
- YTD-29.3%
The Water industry is up 1.7% in the last week, with China Water Affairs Group up 1.8%. In contrast, the industry has lost 7.9% in the last 12 months. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Hong Kong Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | HK$64.9b | HK$77.4b | HK$7.7b | 4.4x | 8.5x | 0.8x |
| Thu, 28 Sep 2023 | HK$67.3b | HK$78.2b | HK$8.1b | 4.4x | 8.3x | 0.9x |
| Sat, 26 Aug 2023 | HK$73.2b | HK$78.8b | HK$7.5b | 7x | 9.7x | 0.9x |
| Mon, 24 Jul 2023 | HK$76.5b | HK$78.9b | HK$7.5b | 6.8x | 10.2x | 1x |
| Wed, 21 Jun 2023 | HK$79.9b | HK$76.5b | HK$7.4b | 6x | 10.8x | 1x |
| Fri, 19 May 2023 | HK$83.9b | HK$76.7b | HK$7.4b | 6.3x | 11.4x | 1.1x |
| Sun, 16 Apr 2023 | HK$88.3b | HK$77.3b | HK$7.6b | 6.4x | 11.6x | 1.1x |
| Tue, 14 Mar 2023 | HK$88.0b | HK$80.8b | HK$8.7b | 6.2x | 10.1x | 1.1x |
| Thu, 09 Feb 2023 | HK$95.6b | HK$81.0b | HK$8.7b | 6.6x | 11x | 1.2x |
| Sat, 07 Jan 2023 | HK$95.4b | HK$80.8b | HK$8.7b | 6x | 11x | 1.2x |
| Mon, 05 Dec 2022 | HK$80.3b | HK$80.3b | HK$8.7b | 5.1x | 9.2x | 1x |
| Wed, 02 Nov 2022 | HK$68.7b | HK$79.6b | HK$8.7b | 5.2x | 7.9x | 0.9x |
| Fri, 30 Sep 2022 | HK$75.8b | HK$82.4b | HK$9.0b | 5.4x | 8.5x | 0.9x |
| Sun, 28 Aug 2022 | HK$87.4b | HK$87.4b | HK$11.0b | 5x | 8x | 1x |
| Tue, 26 Jul 2022 | HK$94.5b | HK$87.6b | HK$11.0b | 5.8x | 8.6x | 1.1x |
| Thu, 23 Jun 2022 | HK$99.5b | HK$86.5b | HK$11.0b | 5.4x | 9x | 1.2x |
| Sat, 21 May 2022 | HK$110.8b | HK$86.5b | HK$11.0b | 5.6x | 10x | 1.3x |
| Mon, 18 Apr 2022 | HK$115.2b | HK$88.2b | HK$10.9b | 5.8x | 10.5x | 1.3x |
| Wed, 16 Mar 2022 | HK$108.2b | HK$91.7b | HK$13.5b | 3.8x | 8x | 1.2x |
| Fri, 11 Feb 2022 | HK$128.1b | HK$91.6b | HK$13.5b | 4.4x | 9.5x | 1.4x |
| Sun, 09 Jan 2022 | HK$121.8b | HK$91.5b | HK$13.5b | 4.5x | 9x | 1.3x |
| Tue, 07 Dec 2021 | HK$118.0b | HK$91.5b | HK$13.5b | 4.3x | 8.7x | 1.3x |
| Thu, 04 Nov 2021 | HK$117.6b | HK$90.1b | HK$13.3b | 4.6x | 8.8x | 1.3x |
| Sat, 02 Oct 2021 | HK$121.0b | HK$88.0b | HK$12.8b | 4.8x | 9.4x | 1.4x |
| Mon, 30 Aug 2021 | HK$123.9b | HK$88.4b | HK$12.8b | 5.6x | 9.7x | 1.4x |
| Tue, 06 Jul 2021 | HK$121.9b | HK$88.4b | HK$12.8b | 5.2x | 9.6x | 1.4x |
| Fri, 09 Apr 2021 | HK$131.9b | HK$86.3b | HK$12.6b | 5.4x | 10.5x | 1.5x |
| Thu, 31 Dec 2020 | HK$141.2b | HK$81.9b | HK$12.1b | 5.1x | 11.7x | 1.7x |
Price to Earnings Ratio
10.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Water Utilities 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 8.7x which is lower than its 3-year average PE of 9.9x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have declined 14% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Water compare with similar industries?
| HK Market | 0.62% | |
| Utilities | 2.32% | |
| Water Utilities | -1.13% | |
| Water | -1.13% | |
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 | |
|---|---|---|---|---|---|
| 855 China Water Affairs Group | HK$4.99 | 1.8% +HK$146.9m | -10.3% | PE4.4x | |
| 1026 Universal Technologies Holdings | HK$0.19 | 6.3% +HK$60.6m | 50.0% | PS3.1x | |
| 6839 Yunnan Water Investment | HK$0.22 | 5.2% +HK$13.1m | -29.5% | PS0.08x | |
| 1542 Taizhou Water Group | HK$2.05 | 2.5% +HK$10.0m | -19.0% | PS0.7x |
