Chinese (SSE) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies4995
- 7D2.3%
- 3M-9.9%
- 1Y-1.9%
- YTD-8.1%
The Industrials sector has led the market, which has gained 2.3%. In the last 12 months, the market has been flat. Looking forward, earnings are forecast to grow by 28% annually.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | CN¥66.4t | CN¥49.7t | CN¥2.7t | 34.3x | 24.3x | 1.3x |
| Thu, 28 Sep 2023 | CN¥67.4t | CN¥49.6t | CN¥2.7t | 34.9x | 24.7x | 1.4x |
| Sat, 26 Aug 2023 | CN¥66.5t | CN¥49.4t | CN¥2.8t | 33.3x | 23.5x | 1.3x |
| Mon, 24 Jul 2023 | CN¥69.8t | CN¥49.1t | CN¥2.8t | 35.8x | 24.7x | 1.4x |
| Wed, 21 Jun 2023 | CN¥71.9t | CN¥49.1t | CN¥2.8t | 36.7x | 25.5x | 1.5x |
| Fri, 19 May 2023 | CN¥71.0t | CN¥49.0t | CN¥2.8t | 35.5x | 25.2x | 1.5x |
| Sun, 16 Apr 2023 | CN¥74.0t | CN¥59.2t | CN¥4.3t | 36.2x | 17.3x | 1.2x |
| Tue, 14 Mar 2023 | CN¥72.1t | CN¥47.9t | CN¥2.9t | 36.2x | 25.1x | 1.5x |
| Thu, 09 Feb 2023 | CN¥73.2t | CN¥47.9t | CN¥3.1t | 36x | 24x | 1.5x |
| Sat, 07 Jan 2023 | CN¥69.8t | CN¥47.6t | CN¥2.8t | 33.5x | 24.7x | 1.5x |
| Mon, 05 Dec 2022 | CN¥69.5t | CN¥47.5t | CN¥2.8t | 34.5x | 24.6x | 1.5x |
| Wed, 02 Nov 2022 | CN¥65.6t | CN¥47.5t | CN¥2.8t | 33x | 23.2x | 1.4x |
| Fri, 30 Sep 2022 | CN¥66.0t | CN¥46.6t | CN¥2.9t | 30.3x | 23.1x | 1.4x |
| Sun, 28 Aug 2022 | CN¥71.5t | CN¥46.9t | CN¥2.9t | 34.2x | 24.9x | 1.5x |
| Tue, 26 Jul 2022 | CN¥71.2t | CN¥46.1t | CN¥2.8t | 33.9x | 25.1x | 1.5x |
| Thu, 23 Jun 2022 | CN¥69.8t | CN¥46.1t | CN¥2.8t | 32.7x | 24.7x | 1.5x |
| Sat, 21 May 2022 | CN¥66.1t | CN¥46.1t | CN¥2.8t | 31x | 23.4x | 1.4x |
| Mon, 18 Apr 2022 | CN¥66.8t | CN¥45.4t | CN¥3.0t | 30.3x | 22.5x | 1.5x |
| Wed, 16 Mar 2022 | CN¥65.7t | CN¥44.7t | CN¥3.0t | 30.4x | 22x | 1.5x |
| Fri, 11 Feb 2022 | CN¥74.5t | CN¥44.1t | CN¥3.0t | 35.1x | 25.2x | 1.7x |
| Sun, 09 Jan 2022 | CN¥78.0t | CN¥43.8t | CN¥2.9t | 37.6x | 26.6x | 1.8x |
| Tue, 07 Dec 2021 | CN¥78.6t | CN¥43.7t | CN¥2.9t | 36.4x | 26.9x | 1.8x |
| Thu, 04 Nov 2021 | CN¥75.1t | CN¥43.8t | CN¥2.9t | 33.6x | 25.6x | 1.7x |
| Sat, 02 Oct 2021 | CN¥75.3t | CN¥42.4t | CN¥2.9t | 33.1x | 25.7x | 1.8x |
| Mon, 30 Aug 2021 | CN¥75.8t | CN¥42.4t | CN¥2.9t | 34.9x | 25.9x | 1.8x |
| Tue, 06 Jul 2021 | CN¥75.5t | CN¥42.2t | CN¥2.9t | 33.9x | 26x | 1.8x |
| Fri, 09 Apr 2021 | CN¥67.8t | CN¥39.8t | CN¥2.7t | 32x | 25.4x | 1.7x |
| Thu, 31 Dec 2020 | CN¥69.1t | CN¥36.8t | CN¥2.4t | 37.9x | 29.3x | 1.9x |
Price to Earnings Ratio
29.7x
Current Market PE
- Investors are relatively neutral on the Chinese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 25.5x.
Past Earnings Growth
- The earnings for Chinese listed companies have grown 8.6% 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.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | 2.25% | |
| Consumer Staples | 4.52% | |
| Healthcare | 4.36% | |
| Consumer Discretionary | 3.45% | |
| Industrials | 2.41% | |
| Materials | 2.38% | |
| Utilities | 1.51% | |
| Telecom | 1.34% | |
| Tech | 0.96% | |
| Real Estate | 0.73% | |
| Financials | 0.041% | |
| Energy | -0.42% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 66.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 37.3% which is higher than its past year's earnings decline of 2.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 12% 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 | Sector | |
|---|---|---|---|---|---|---|
| 858 Wuliangye YibinLtd | CN¥156.60 | 8.9% +CN¥49.9b | 17.3% | PE20.6x | Consumer Staples | |
| 300750 Contemporary Amperex Technology | CN¥188.02 | 6.1% +CN¥47.3b | -9.2% | PE18.7x | Industrials | |
| 600519 Kweichow Moutai | CN¥1.68k | 2.3% +CN¥46.5b | 24.5% | PE29.7x | Consumer Staples | |
| 2714 Muyuan Foods | CN¥37.81 | 19.5% +CN¥33.5b | -19.2% | PE20.7x | Consumer Staples | |
| 300760 Shenzhen Mindray Bio-Medical Electronics | CN¥283.08 | 9.2% +CN¥28.9b | -13.0% | PE30.2x | Healthcare |
Market Insights
This week we’re checking in on China’s economy after some better than expected data and another round of stimulus...
