China Oil And Gas Group's (HKG:603) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 22
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- 7D1.4%
- 3M-4.7%
- 1Y0.2%
- YTD-2.9%
Over the last 7 days, the Gas Utilities industry has risen 1.4%, driven by gains in ENN Energy Holdings and Hong Kong and China Gas of 2.5% and 1.3%, respectively. Overall in the last year, the industry is flat. Earnings are forecast to grow by 5.5% annually.
Industry Valuation and Performance
Has the Hong Kong Gas Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Apr 2026 | HK$423.9b | HK$756.4b | HK$33.3b | 10.4x | 12.7x | 0.6x |
| Mon, 23 Mar 2026 | HK$444.5b | HK$751.9b | HK$33.7b | 8.4x | 13.2x | 0.6x |
| Wed, 18 Feb 2026 | HK$461.5b | HK$750.8b | HK$33.6b | 8.5x | 13.7x | 0.6x |
| Fri, 16 Jan 2026 | HK$436.5b | HK$746.0b | HK$33.4b | 8.5x | 13.1x | 0.6x |
| Sun, 14 Dec 2025 | HK$450.8b | HK$739.4b | HK$33.1b | 9x | 13.6x | 0.6x |
| Tue, 11 Nov 2025 | HK$458.2b | HK$735.3b | HK$33.3b | 9.6x | 13.8x | 0.6x |
| Thu, 09 Oct 2025 | HK$415.3b | HK$735.8b | HK$33.3b | 9.4x | 12.5x | 0.6x |
| Sat, 06 Sep 2025 | HK$430.4b | HK$735.9b | HK$33.3b | 9.9x | 12.9x | 0.6x |
| Mon, 04 Aug 2025 | HK$430.6b | HK$729.9b | HK$34.5b | 10.1x | 12.5x | 0.6x |
| Wed, 02 Jul 2025 | HK$419.7b | HK$732.6b | HK$34.6b | 9.5x | 12.1x | 0.6x |
| Fri, 30 May 2025 | HK$435.9b | HK$731.8b | HK$34.4b | 8.4x | 12.7x | 0.6x |
| Sun, 27 Apr 2025 | HK$422.8b | HK$721.4b | HK$33.9b | 8.3x | 12.5x | 0.6x |
| Tue, 25 Mar 2025 | HK$437.0b | HK$726.4b | HK$34.0b | 8.5x | 12.9x | 0.6x |
| Thu, 20 Feb 2025 | HK$411.0b | HK$724.5b | HK$33.4b | 9.1x | 12.3x | 0.6x |
| Sat, 18 Jan 2025 | HK$404.4b | HK$722.2b | HK$33.3b | 8.8x | 12.2x | 0.6x |
| Mon, 16 Dec 2024 | HK$413.8b | HK$724.7b | HK$33.4b | 8.6x | 12.4x | 0.6x |
| Wed, 13 Nov 2024 | HK$412.2b | HK$728.3b | HK$33.6b | 9x | 12.3x | 0.6x |
| Fri, 11 Oct 2024 | HK$425.2b | HK$737.3b | HK$33.9b | 9.4x | 12.5x | 0.6x |
| Sun, 08 Sep 2024 | HK$401.2b | HK$738.0b | HK$34.0b | 8.7x | 11.8x | 0.5x |
| Tue, 06 Aug 2024 | HK$402.2b | HK$725.0b | HK$36.8b | 8.3x | 10.9x | 0.6x |
| Thu, 04 Jul 2024 | HK$431.8b | HK$718.2b | HK$36.5b | 9.5x | 11.8x | 0.6x |
| Sat, 01 Jun 2024 | HK$436.2b | HK$724.1b | HK$36.3b | 9.7x | 12x | 0.6x |
| Mon, 29 Apr 2024 | HK$415.8b | HK$717.5b | HK$35.8b | 9.7x | 11.6x | 0.6x |
| Wed, 27 Mar 2024 | HK$412.9b | HK$723.7b | HK$38.5b | 9.5x | 10.7x | 0.6x |
| Fri, 23 Feb 2024 | HK$412.1b | HK$717.5b | HK$36.4b | 10x | 11.3x | 0.6x |
| Sun, 21 Jan 2024 | HK$384.0b | HK$719.1b | HK$36.4b | 10x | 10.5x | 0.5x |
| Tue, 19 Dec 2023 | HK$394.5b | HK$719.1b | HK$36.4b | 10.1x | 10.8x | 0.5x |
| Thu, 16 Nov 2023 | HK$405.2b | HK$721.6b | HK$37.7b | 10.2x | 10.8x | 0.6x |
| Sat, 14 Oct 2023 | HK$397.8b | HK$719.4b | HK$37.6b | 9.7x | 10.6x | 0.6x |
| Mon, 11 Sep 2023 | HK$390.4b | HK$718.5b | HK$37.5b | 9.6x | 10.4x | 0.5x |
| Wed, 09 Aug 2023 | HK$456.3b | HK$720.3b | HK$36.9b | 11.1x | 12.4x | 0.6x |
| Fri, 07 Jul 2023 | HK$459.9b | HK$719.3b | HK$36.9b | 10.9x | 12.5x | 0.6x |
| Sun, 04 Jun 2023 | HK$498.1b | HK$727.8b | HK$39.7b | 11.8x | 12.5x | 0.7x |
| Tue, 02 May 2023 | HK$510.1b | HK$736.5b | HK$40.0b | 10.7x | 12.7x | 0.7x |
Price to Earnings Ratio
12.7x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Gas Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 12.1x.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have declined 6.0% 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 Trends
Which industries have driven the changes within the Hong Kong Utilities industry?
| HK Market | 0.15% | |
| Utilities | 2.54% | |
| Gas Utilities | 1.38% | |
| Gas Utilities | 1.38% | |
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 | |
|---|---|---|---|---|---|
| 2688 ENN Energy Holdings | HK$63.05 | 2.5% +HK$1.7b | 2.9% | PE10.4x | |
| 3 Hong Kong and China Gas | HK$7.26 | 1.3% +HK$1.7b | 3.6% | PE23.8x | |
| 135 Kunlun Energy | HK$7.60 | 1.6% +HK$1.0b | 0.8% | PE10.7x | |
| 384 China Gas Holdings | HK$7.29 | 2.0% +HK$762.7m | 5.5% | PE14.1x | |
| 392 Beijing Enterprises Holdings | HK$31.78 | 1.3% +HK$528.4m | 3.2% | PE6.7x |
