Hong Kong (HSI) Gas Utilities Industry Analysis

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, 13 Aug 2022	HK$561.1b	HK$634.6b	HK$48.9b	8.8x	11.5x	0.9x
Mon, 11 Jul 2022	HK$595.3b	HK$633.0b	HK$49.2b	9.2x	12.1x	0.9x
Wed, 08 Jun 2022	HK$586.7b	HK$628.1b	HK$51.1b	9.4x	11.5x	0.9x
Fri, 06 May 2022	HK$537.6b	HK$630.2b	HK$51.2b	9.3x	10.5x	0.9x
Sun, 03 Apr 2022	HK$581.4b	HK$640.8b	HK$51.8b	9.4x	11.2x	0.9x
Tue, 01 Mar 2022	HK$651.7b	HK$588.2b	HK$52.0b	10.6x	12.5x	1.1x
Thu, 27 Jan 2022	HK$693.8b	HK$586.4b	HK$51.8b	11.9x	13.4x	1.2x
Sat, 25 Dec 2021	HK$739.7b	HK$585.1b	HK$51.8b	13.3x	14.3x	1.3x
Mon, 22 Nov 2021	HK$719.9b	HK$572.3b	HK$52.7b	11.7x	13.7x	1.3x
Wed, 20 Oct 2021	HK$705.0b	HK$570.1b	HK$52.5b	11.1x	13.4x	1.2x
Fri, 17 Sep 2021	HK$780.8b	HK$570.1b	HK$52.5b	11.7x	14.9x	1.4x
Sun, 15 Aug 2021	HK$830.5b	HK$570.5b	HK$52.3b	13.1x	15.9x	1.5x
Thu, 10 Jun 2021	HK$810.4b	HK$533.2b	HK$47.4b	15.4x	17.1x	1.5x
Wed, 03 Mar 2021	HK$735.9b	HK$494.1b	HK$42.3b	16.8x	17.4x	1.5x
Sat, 05 Dec 2020	HK$690.4b	HK$469.0b	HK$41.4b	13.3x	16.7x	1.5x
Tue, 08 Sep 2020	HK$618.6b	HK$456.0b	HK$40.1b	15.4x	15.4x	1.4x
Mon, 01 Jun 2020	HK$675.8b	HK$463.6b	HK$42.3b	13.8x	16x	1.5x
Thu, 05 Mar 2020	HK$720.5b	HK$464.9b	HK$41.2b	17.2x	17.5x	1.5x
Sun, 08 Dec 2019	HK$747.3b	HK$468.6b	HK$44.0b	17.2x	17x	1.6x
Sat, 31 Aug 2019	HK$770.5b	HK$473.5b	HK$43.8b	18.2x	17.6x	1.6x

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 11.5x which is lower than its 3-year average PE of 15.3x.

The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.89x.

Past Earnings Growth

The earnings for companies in the Gas Utilities industry have grown 3.8% per year over the last three years.
Revenues for these companies have grown 10% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Hong Kong Gas Utilities compare with similar industries?


HK Market	0.30%
Utilities	0.90%
Gas Utilities	-0.53%
Gas Utilities	-0.53%

Industry PEThere is insufficient data on the sub-industries of this industry.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
135 Kunlun Energy	HK$5.73	2.3% +HK$1.1b	-21.7%	PE8.3x
1600 Tian Lun Gas Holdings	HK$3.98	5.6% +HK$212.1m	-48.8%	PE3.5x
2886 Binhai Investment	HK$1.64	3.1% +HK$67.6m	-0.6%	PE5.5x
392 Beijing Enterprises Holdings	HK$25.05	0.2% +HK$63.1m	-2.7%	PE3.2x
1265 Tianjin Jinran Public Utilities	HK$0.41	6.4% +HK$46.0m	-5.7%	PE463.4x

Company

Last Price

Valuation

135 Kunlun Energy

HK$5.73

2.3%
+HK$1.1b

-21.7%

PE8.3x

1600 Tian Lun Gas Holdings

HK$3.98

5.6%
+HK$212.1m

-48.8%

PE3.5x

2886 Binhai Investment

HK$1.64

3.1%
+HK$67.6m

-0.6%

PE5.5x

392 Beijing Enterprises Holdings

HK$25.05

0.2%
+HK$63.1m

-2.7%

PE3.2x

1265 Tianjin Jinran Public Utilities

HK$0.41

6.4%
+HK$46.0m

-5.7%

PE463.4x

Tianjin Jinran Public Utilities Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

Tianjin Jinran Public Utilities Company Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the expects to record a total comprehensive income attributable to shareholders of the parent of approximately RMB 1.77 million, as compared to a loss in the total comprehensive income attributable to shareholders of the parent of approximately RMB 6.80 million for the six months ended 30 June 2021, which is mainly due to: the Company has been actively increasing its efforts in expanding its market, resulting in an increase in its revenue from gas connection in the first half of 2022 comparing to that of the same period in the previous year; further improvement of the plan in using idle funds in the first half of 2022. Through entering into of deposit agreements with various banks, the return of capital increases, resulting in an increase in interest income compared to that of the same period in the previous year; and the profitability of Tianjin Binhai Gas Co. Ltd., a company in which the Group holds equity interests) for the first half of 2022 improved, leading to an increase in the income from long-term equity investments.

Hong Kong (HSI) Gas Utilities Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

6661

Huzhou Gas Co., Ltd. Announces Management Changes

603

China Oil And Gas Group Limited to Report First Half, 2022 Results on Aug 23, 2022

1600

Tian Lun Gas Holdings Limited to Report First Half, 2022 Results on Aug 29, 2022

1083

An Intrinsic Calculation For Towngas Smart Energy Company Limited (HKG:1083) Suggests It's 25% Undervalued

2688

Now 22% undervalued

1193

Investors Met With Slowing Returns on Capital At China Resources Gas Group (HKG:1193)

3

Price target decreased to HK$9.61

384

Some Investors May Be Worried About China Gas Holdings' (HKG:384) Returns On Capital

2886

Binhai Investment Company Limited to Report Q2, 2022 Results on Aug 11, 2022

1265

Tianjin Jinran Public Utilities Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

135

Less than half of directors are independent

392

Beijing Enterprises Holdings Limited Announces Executive Changes

3633

Key Executive recently sold HK$1.1m worth of stock