Earnings Not Telling The Story For Xinjiang Haoyuan Natural Gas Co., Ltd. (SZSE:002700) After Shares Rise 25%
Aug 05
Chinese (SSE) Gas Utilities Industry Analysis
UpdatedAug 09, 2024
DataAggregated Company Financials
Companies20
- 7D-1.7%
- 3M-3.9%
- 1Y-8.3%
- YTD-0.7%
Over the last 7 days, the Gas Utilities industry has dropped 1.7%, driven by declines in Shanghai Dazhong Public Utilities(Group)Ltd and Xinjiang Xintai Natural Gas of 10% and 6.3%, respectively. On the other hand Xinjiang Haoyuan Natural Gas is actually up 10%. However, the industry is down 8.3% over the past year. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Chinese Gas Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 10 Aug 2024 | CN¥177.8b | CN¥270.8b | CN¥13.0b | 15.5x | 13.7x | 0.7x |
| Mon, 08 Jul 2024 | CN¥186.1b | CN¥271.6b | CN¥12.9b | 15.5x | 14.4x | 0.7x |
| Wed, 05 Jun 2024 | CN¥185.2b | CN¥271.7b | CN¥12.8b | 16.8x | 14.5x | 0.7x |
| Fri, 03 May 2024 | CN¥183.2b | CN¥271.9b | CN¥13.3b | 17.2x | 13.7x | 0.7x |
| Sun, 31 Mar 2024 | CN¥182.2b | CN¥270.9b | CN¥14.1b | 16x | 13x | 0.7x |
| Tue, 27 Feb 2024 | CN¥171.8b | CN¥265.8b | CN¥12.2b | 16.9x | 14.1x | 0.6x |
| Thu, 25 Jan 2024 | CN¥169.7b | CN¥265.8b | CN¥12.2b | 16.7x | 13.9x | 0.6x |
| Sat, 23 Dec 2023 | CN¥175.9b | CN¥265.6b | CN¥12.2b | 19x | 14.4x | 0.7x |
| Mon, 20 Nov 2023 | CN¥177.7b | CN¥265.6b | CN¥12.2b | 19.3x | 14.5x | 0.7x |
| Wed, 18 Oct 2023 | CN¥176.8b | CN¥269.3b | CN¥12.9b | 18.9x | 13.7x | 0.7x |
| Fri, 15 Sep 2023 | CN¥184.1b | CN¥269.0b | CN¥12.9b | 19x | 14.3x | 0.7x |
| Sun, 13 Aug 2023 | CN¥184.2b | CN¥274.9b | CN¥12.9b | 20.2x | 14.2x | 0.7x |
| Tue, 11 Jul 2023 | CN¥189.9b | CN¥267.0b | CN¥12.6b | 20.7x | 15x | 0.7x |
| Thu, 08 Jun 2023 | CN¥182.6b | CN¥267.0b | CN¥12.6b | 19.5x | 14.5x | 0.7x |
| Sat, 06 May 2023 | CN¥185.6b | CN¥267.9b | CN¥12.5b | 19.1x | 14.8x | 0.7x |
| Mon, 03 Apr 2023 | CN¥190.1b | CN¥263.2b | CN¥11.9b | 17.3x | 16x | 0.7x |
| Wed, 01 Mar 2023 | CN¥190.5b | CN¥250.1b | CN¥9.5b | 17.4x | 20x | 0.8x |
| Fri, 27 Jan 2023 | CN¥183.9b | CN¥245.6b | CN¥9.5b | 17.4x | 19.3x | 0.7x |
| Sun, 25 Dec 2022 | CN¥169.0b | CN¥244.7b | CN¥9.3b | 17.1x | 18.1x | 0.7x |
| Tue, 22 Nov 2022 | CN¥178.5b | CN¥244.7b | CN¥9.3b | 17.6x | 19.1x | 0.7x |
| Thu, 20 Oct 2022 | CN¥176.3b | CN¥236.6b | CN¥9.0b | 17.8x | 19.6x | 0.7x |
| Sat, 17 Sep 2022 | CN¥181.1b | CN¥233.8b | CN¥9.0b | 18.7x | 20.1x | 0.8x |
| Mon, 15 Aug 2022 | CN¥182.0b | CN¥218.6b | CN¥9.4b | 20.5x | 19.3x | 0.8x |
| Wed, 13 Jul 2022 | CN¥162.9b | CN¥215.8b | CN¥9.7b | 16.5x | 16.8x | 0.8x |
| Fri, 10 Jun 2022 | CN¥165.7b | CN¥215.8b | CN¥9.7b | 16.9x | 17.1x | 0.8x |
| Sun, 08 May 2022 | CN¥149.5b | CN¥212.7b | CN¥10.0b | 16.7x | 14.9x | 0.7x |
| Tue, 05 Apr 2022 | CN¥161.6b | CN¥197.9b | CN¥10.1b | 18.2x | 16x | 0.8x |
| Thu, 03 Mar 2022 | CN¥168.0b | CN¥188.3b | CN¥10.1b | 19.7x | 16.7x | 0.9x |
| Sat, 29 Jan 2022 | CN¥155.4b | CN¥188.3b | CN¥10.2b | 17.4x | 15.3x | 0.8x |
| Mon, 27 Dec 2021 | CN¥170.9b | CN¥186.0b | CN¥10.2b | 19.4x | 16.8x | 0.9x |
| Wed, 24 Nov 2021 | CN¥174.2b | CN¥185.7b | CN¥10.1b | 19.3x | 17.2x | 0.9x |
| Fri, 22 Oct 2021 | CN¥172.8b | CN¥175.9b | CN¥9.4b | 20.1x | 18.3x | 1x |
| Sun, 19 Sep 2021 | CN¥200.4b | CN¥174.7b | CN¥9.5b | 23.4x | 21x | 1.1x |
| Tue, 17 Aug 2021 | CN¥164.7b | CN¥174.7b | CN¥9.5b | 19.4x | 17.4x | 0.9x |
Price to Earnings Ratio
17.4x
Current Industry PE
- Investors are pessimistic on the Chinese Gas 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 13.7x which is lower than its 3-year average PE of 16.4x.
- The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 16% 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 Utilities industry?
| CN Market | -2.15% | |
| Utilities | -1.45% | |
| Gas Utilities | -1.66% | |
| Gas Utilities | -1.66% | |
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 | |
|---|---|---|---|---|---|
| 002700 Xinjiang Haoyuan Natural Gas | CN¥10.93 | 10.2% +CN¥417.8m | 149.0% | PE45.7x | |
| 002911 Foran Energy Group | CN¥10.33 | 0.5% +CN¥64.4m | 5.9% | PE15.5x | |
| 600333 Changchun Gas Co.Ltd | CN¥3.79 | 1.1% +CN¥24.4m | -24.7% | PS1x |
