CGN Power Co., Ltd.'s (HKG:1816) Intrinsic Value Is Potentially 55% Above Its Share Price
Jul 10
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Hong Kong (HSI) Utilities Sector Analysis
UpdatedJul 11, 2025
DataAggregated Company Financials
Companies59
- 7D0.3%
- 3M12.8%
- 1Y2.9%
- YTD8.5%
Over the last 7 days, the Utilities industry has remained flat, although notably Shandong Hi-Speed Holdings Group gained 9.5%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 9.7% per annum.
Sector Valuation and Performance
Has the Hong Kong Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 12 Jul 2025 | HK$1.8t | HK$1.8t | HK$132.9b | 9.7x | 13.7x | 1x |
| Mon, 09 Jun 2025 | HK$1.8t | HK$1.8t | HK$133.0b | 8.9x | 13.6x | 1x |
| Wed, 07 May 2025 | HK$1.7t | HK$1.8t | HK$132.9b | 9x | 13x | 1x |
| Fri, 04 Apr 2025 | HK$1.7t | HK$1.8t | HK$132.9b | 8.7x | 12.9x | 0.9x |
| Sun, 02 Mar 2025 | HK$1.7t | HK$1.8t | HK$123.6b | 8.4x | 13.5x | 0.9x |
| Tue, 28 Jan 2025 | HK$1.6t | HK$1.8t | HK$119.8b | 8.1x | 13.7x | 0.9x |
| Thu, 26 Dec 2024 | HK$1.7t | HK$1.8t | HK$119.3b | 8.7x | 14.6x | 1x |
| Sat, 23 Nov 2024 | HK$1.7t | HK$1.8t | HK$120.0b | 8.1x | 14x | 0.9x |
| Mon, 21 Oct 2024 | HK$1.7t | HK$1.8t | HK$124.6b | 9x | 13.8x | 0.9x |
| Wed, 18 Sep 2024 | HK$1.6t | HK$1.8t | HK$124.8b | 7.9x | 13.2x | 0.9x |
| Fri, 16 Aug 2024 | HK$1.8t | HK$1.8t | HK$125.0b | 8.4x | 14.3x | 1x |
| Sun, 14 Jul 2024 | HK$1.8t | HK$1.8t | HK$124.8b | 9.1x | 14.2x | 1x |
| Tue, 11 Jun 2024 | HK$1.8t | HK$1.8t | HK$125.4b | 9.9x | 14.3x | 1x |
| Thu, 09 May 2024 | HK$1.7t | HK$1.8t | HK$125.7b | 8.9x | 13.4x | 0.9x |
| Sat, 06 Apr 2024 | HK$1.6t | HK$1.8t | HK$121.3b | 9x | 13.3x | 0.9x |
| Mon, 04 Mar 2024 | HK$1.6t | HK$1.8t | HK$120.7b | 8.5x | 13.5x | 0.9x |
| Wed, 31 Jan 2024 | HK$1.6t | HK$1.8t | HK$125.5b | 8x | 12.6x | 0.9x |
| Fri, 29 Dec 2023 | HK$1.6t | HK$1.8t | HK$125.4b | 7.9x | 12.4x | 0.8x |
| Sun, 26 Nov 2023 | HK$1.5t | HK$1.8t | HK$126.5b | 7.9x | 11.9x | 0.8x |
| Tue, 24 Oct 2023 | HK$1.5t | HK$1.8t | HK$114.9b | 7.9x | 12.6x | 0.8x |
| Thu, 21 Sep 2023 | HK$1.5t | HK$1.8t | HK$115.1b | 8.2x | 13.3x | 0.8x |
| Sat, 19 Aug 2023 | HK$1.6t | HK$1.8t | HK$108.4b | 9.4x | 14.6x | 0.9x |
| Mon, 17 Jul 2023 | HK$1.7t | HK$1.8t | HK$92.7b | 9.4x | 18.4x | 0.9x |
| Wed, 14 Jun 2023 | HK$1.6t | HK$1.8t | HK$95.1b | 9.7x | 17.3x | 0.9x |
| Fri, 12 May 2023 | HK$1.8t | HK$1.9t | HK$96.1b | 10x | 18.6x | 1x |
| Sun, 09 Apr 2023 | HK$1.6t | HK$1.9t | HK$91.6b | 9.1x | 17.8x | 0.9x |
| Tue, 07 Mar 2023 | HK$1.7t | HK$1.8t | HK$60.9b | 9.1x | 28.6x | 1x |
| Thu, 02 Feb 2023 | HK$1.7t | HK$1.8t | HK$59.1b | 8.8x | 29.5x | 1x |
| Sat, 31 Dec 2022 | HK$1.6t | HK$1.8t | HK$59.1b | 8.4x | 27.8x | 0.9x |
| Mon, 28 Nov 2022 | HK$1.6t | HK$1.7t | HK$59.3b | 8x | 26.5x | 0.9x |
| Wed, 26 Oct 2022 | HK$1.5t | HK$1.7t | HK$54.7b | 7.9x | 27.1x | 0.9x |
| Fri, 23 Sep 2022 | HK$1.7t | HK$1.7t | HK$54.2b | 8.5x | 31x | 1x |
| Sun, 21 Aug 2022 | HK$1.9t | HK$1.7t | HK$58.7b | 8.2x | 31.5x | 1.1x |
| Tue, 19 Jul 2022 | HK$1.8t | HK$1.7t | HK$73.4b | 8.4x | 25x | 1.1x |
Price to Earnings Ratio
25x
Current Industry PE
- Investors are pessimistic on the Hong Kong 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 17.4x.
- The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 2.6% 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 Hong Kong Utilities sector?
| HK Market | 0.73% | |
| Utilities | 0.30% | |
| Other Utilities | 8.60% | |
| Renewable Energy | 1.46% | |
| Water Utilities | 0.53% | |
| Gas Utilities | 0.047% | |
| Electric Utilities | -1.65% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 4.2%, which is higher than its past year's earnings decline of 15.6% per year.
- Investors are most pessimistic about the Other Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.7x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings decline of 4.6% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 3.7% 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 | |
|---|---|---|---|---|---|
| 412 Shandong Hi-Speed Holdings Group | HK$17.30 | 14.4% +HK$13.1b | 198.3% | PE1763.8x | |
| 1816 CGN Power | HK$2.77 | 1.5% +HK$2.0b | -17.8% | PE12.5x | |
| 2638 HK Electric Investments and HK Electric Investments | HK$6.02 | 3.3% +HK$1.7b | 17.1% | PE17.1x | |
| 371 Beijing Enterprises Water Group | HK$2.58 | 5.7% +HK$1.4b | 17.3% | PE15.1x | |
| 270 Guangdong Investment | HK$6.67 | 3.1% +HK$1.3b | 52.6% | PE10.6x |
