CNNC International Limited (HKG:2302) Stocks Shoot Up 25% But Its P/E Still Looks Reasonable

Simply Wall St.01-13

Those holding CNNC International Limited (HKG:2302) shares would be relieved that the share price has rebounded 25% in the last thirty days, but it needs to keep going to repair the recent damage it ...

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The last month tops off a massive increase of 283% in the last year.    After such a large jump in price, CNNC International may be sending bearish signals at the moment with its price-to-earnings (or \"P/E\") ratio of 14.8x, since almost half of all companies in Hong Kong have P/E ratios under 12x and even P/E's lower than 7x are not unusual.  However, the P/E might be high for a reason and it requires further investigation to determine if it's justified.    We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.  CNNC International certainly has been doing a great job lately as it's been growing earnings at a really rapid pace.   The P/E is probably high because investors think this strong earnings growth will be enough to outperform the broader market in the near future.  You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.     Check out our latest analysis for CNNC International SEHK:2302 Price to Earnings Ratio vs Industry January 12th 2026 We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on CNNC International's earnings, revenue and cash flow.  Advertisement What Are Growth Metrics Telling Us About The High P/E?   There's an inherent assumption that a company should outperform the market for P/E ratios like CNNC International's to be considered reasonable.   Taking a look back first, we see that the company grew earnings per share by an impressive 136% last year.    The strong recent performance means it was also able to grow EPS by 1,030% in total over the last three years.  So we can start by confirming that the company has done a great job of growing earnings over that time.     Weighing that recent medium-term earnings trajectory against the broader market's one-year forecast for expansion of 20% shows it's noticeably more attractive on an annualised basis.  In light of this, it's understandable that CNNC International's P/E sits above the majority of other companies.  It seems most investors are expecting this strong growth to continue and are willing to pay more for the stock.    The Key Takeaway  CNNC International's P/E is getting right up there since its shares have risen strongly.       Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.  We've established that CNNC International maintains its high P/E on the strength of its recent three-year growth being higher than the wider market forecast, as expected.  At this stage investors feel the potential for a deterioration in earnings isn't great enough to justify a lower P/E ratio.  Unless the recent medium-term conditions change, they will continue to provide strong support to the share price.      Before you settle on your opinion, we've discovered 2 warning signs for CNNC International that you should be aware of.   Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with a strong growth track record, trading on a low P/E.  New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603521191","isCrawlerRequest":true}