Narrative Update • Jun 23
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- 7D1.3%
- 3M-16.3%
- 1Y-16.9%
- YTD-18.5%
In the last week, the Gas Utilities industry is up 1.3%, with Hong Kong and China Gas up 1.7%. In contrast, the industry has lost 17% in the last 12 months. Looking forward, earnings are forecast to grow by 5.0% 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 |
|---|---|---|---|---|---|---|
| Mon, 13 Jul 2026 | HK$355.6b | HK$756.1b | HK$33.3b | 8.9x | 10.7x | 0.5x |
| Wed, 10 Jun 2026 | HK$386.6b | HK$760.6b | HK$33.4b | 9.3x | 11.6x | 0.5x |
| Fri, 08 May 2026 | HK$422.2b | HK$758.3b | HK$33.3b | 10x | 12.7x | 0.6x |
| Sun, 05 Apr 2026 | HK$417.9b | HK$752.6b | HK$33.1b | 10.3x | 12.6x | 0.6x |
| Tue, 03 Mar 2026 | HK$458.4b | HK$754.7b | HK$33.8b | 8.5x | 13.6x | 0.6x |
| Thu, 29 Jan 2026 | HK$451.7b | HK$747.6b | HK$33.4b | 8.8x | 13.5x | 0.6x |
| Sat, 27 Dec 2025 | HK$441.8b | HK$741.7b | HK$33.2b | 8.5x | 13.3x | 0.6x |
| Mon, 24 Nov 2025 | HK$442.4b | HK$736.7b | HK$33.4b | 8.8x | 13.3x | 0.6x |
| Wed, 22 Oct 2025 | HK$441.9b | HK$735.1b | HK$33.3b | 9.9x | 13.3x | 0.6x |
| Fri, 19 Sep 2025 | HK$433.4b | HK$736.5b | HK$33.4b | 10.1x | 13x | 0.6x |
| Sun, 17 Aug 2025 | HK$441.7b | HK$730.4b | HK$34.5b | 10.3x | 12.8x | 0.6x |
| Tue, 15 Jul 2025 | HK$429.2b | HK$732.6b | HK$34.6b | 9.4x | 12.4x | 0.6x |
| Thu, 12 Jun 2025 | HK$430.6b | HK$732.5b | HK$34.4b | 8.3x | 12.5x | 0.6x |
| Sat, 10 May 2025 | HK$429.0b | HK$725.3b | HK$34.1b | 8.3x | 12.6x | 0.6x |
| Mon, 07 Apr 2025 | HK$434.1b | HK$722.7b | HK$33.9b | 8.4x | 12.8x | 0.6x |
| Wed, 05 Mar 2025 | HK$400.4b | HK$725.0b | HK$33.4b | 8.9x | 12x | 0.6x |
| Fri, 31 Jan 2025 | HK$396.7b | HK$727.1b | HK$33.5b | 8.7x | 11.9x | 0.5x |
| Sun, 29 Dec 2024 | HK$421.1b | HK$722.6b | HK$33.3b | 9x | 12.7x | 0.6x |
| Tue, 26 Nov 2024 | HK$400.7b | HK$727.7b | HK$33.5b | 8.4x | 12x | 0.6x |
| Thu, 24 Oct 2024 | HK$423.1b | HK$734.0b | HK$33.8b | 9.2x | 12.5x | 0.6x |
| Sat, 21 Sep 2024 | HK$402.0b | HK$739.8b | HK$34.0b | 8.5x | 11.8x | 0.5x |
| Mon, 19 Aug 2024 | HK$417.5b | HK$722.4b | HK$35.8b | 8.6x | 11.7x | 0.6x |
| Wed, 17 Jul 2024 | HK$430.6b | HK$718.2b | HK$36.5b | 9.3x | 11.8x | 0.6x |
| Fri, 14 Jun 2024 | HK$429.5b | HK$723.0b | HK$36.2b | 9.3x | 11.9x | 0.6x |
| Sun, 12 May 2024 | HK$449.0b | HK$724.7b | HK$36.3b | 9.7x | 12.4x | 0.6x |
| Tue, 09 Apr 2024 | HK$399.9b | HK$718.2b | HK$36.9b | 9.3x | 10.8x | 0.6x |
| Thu, 07 Mar 2024 | HK$407.7b | HK$717.2b | HK$36.3b | 9.9x | 11.2x | 0.6x |
| Sat, 03 Feb 2024 | HK$389.7b | HK$721.5b | HK$36.5b | 9.9x | 10.7x | 0.5x |
| Mon, 01 Jan 2024 | HK$411.1b | HK$721.2b | HK$36.5b | 10.3x | 11.3x | 0.6x |
| Wed, 29 Nov 2023 | HK$389.8b | HK$718.2b | HK$36.4b | 10x | 10.7x | 0.5x |
| Fri, 27 Oct 2023 | HK$388.3b | HK$718.8b | HK$37.5b | 9.7x | 10.3x | 0.5x |
| Sun, 24 Sep 2023 | HK$402.7b | HK$719.6b | HK$37.6b | 9.7x | 10.7x | 0.6x |
| Tue, 22 Aug 2023 | HK$426.0b | HK$716.6b | HK$37.1b | 10x | 11.5x | 0.6x |
| Thu, 20 Jul 2023 | HK$454.2b | HK$720.1b | HK$36.9b | 10.7x | 12.3x | 0.6x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong 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 10.7x which is lower than its 3-year average PE of 12.1x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have declined 3.3% 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 | 1.31% | |
| Utilities | 0.65% | |
| Gas Utilities | 1.32% | |
| Gas Utilities | 1.32% | |
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 | |
|---|---|---|---|---|---|
| 3 Hong Kong and China Gas | HK$6.63 | 2.2% +HK$2.6b | -1.3% | PE21.7x | |
| 392 Beijing Enterprises Holdings | HK$29.82 | 3.3% +HK$1.2b | -8.4% | PE6.4x | |
| 2688 ENN Energy Holdings | HK$42.26 | 1.6% +HK$733.8m | -33.4% | PE6.9x | |
| 1083 Towngas Smart Energy | HK$3.18 | 3.6% +HK$403.9m | -23.0% | PE7.4x | |
| 9908 JiaXing Gas Group | HK$8.50 | 3.7% +HK$41.4m | 6.3% | PE6.7x |