Kunlun Energy's (HKG:135) Dividend Will Be Increased To CN¥0.3048
Apr 21
Hong Kong (HSI) Gas Utilities Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies17
- 7D-4.3%
- 3M6.4%
- 1Y-21.7%
- YTDn/a
The Gas Utilities industry is down 4.3% over the last week with Hong Kong and China Gas the worst performer, down 1.7%. The industry has fallen 22% in the last year. Earnings are forecast to grow by 8.4% 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | HK$394.5b | HK$718.0b | HK$36.9b | 9.3x | 10.7x | 0.5x |
| Thu, 21 Mar 2024 | HK$421.4b | HK$717.3b | HK$36.9b | 10.2x | 11.4x | 0.6x |
| Sat, 17 Feb 2024 | HK$396.6b | HK$720.8b | HK$36.5b | 9.7x | 10.9x | 0.6x |
| Mon, 15 Jan 2024 | HK$405.1b | HK$718.6b | HK$36.4b | 10.3x | 11.1x | 0.6x |
| Wed, 13 Dec 2023 | HK$382.0b | HK$717.8b | HK$36.4b | 10.2x | 10.5x | 0.5x |
| Fri, 10 Nov 2023 | HK$390.6b | HK$719.7b | HK$37.6b | 10.1x | 10.4x | 0.5x |
| Sun, 08 Oct 2023 | HK$395.4b | HK$719.9b | HK$37.6b | 9.6x | 10.5x | 0.5x |
| Tue, 05 Sep 2023 | HK$400.8b | HK$721.5b | HK$37.7b | 9.8x | 10.6x | 0.6x |
| Thu, 03 Aug 2023 | HK$461.8b | HK$721.6b | HK$36.9b | 10.9x | 12.5x | 0.6x |
| Sat, 01 Jul 2023 | HK$477.8b | HK$719.1b | HK$36.8b | 11.4x | 13x | 0.7x |
| Mon, 29 May 2023 | HK$501.9b | HK$728.6b | HK$39.7b | 11.4x | 12.6x | 0.7x |
| Wed, 26 Apr 2023 | HK$498.5b | HK$735.9b | HK$40.0b | 10.3x | 12.5x | 0.7x |
| Fri, 24 Mar 2023 | HK$503.6b | HK$710.7b | HK$45.6b | 9.5x | 11.1x | 0.7x |
| Sun, 19 Feb 2023 | HK$548.0b | HK$705.4b | HK$44.9b | 9.4x | 12.2x | 0.8x |
| Tue, 17 Jan 2023 | HK$556.8b | HK$710.6b | HK$45.1b | 9.5x | 12.3x | 0.8x |
| Thu, 15 Dec 2022 | HK$522.3b | HK$698.7b | HK$44.6b | 8.9x | 11.7x | 0.7x |
| Sat, 12 Nov 2022 | HK$430.4b | HK$685.7b | HK$44.9b | 8.2x | 9.6x | 0.6x |
| Mon, 10 Oct 2022 | HK$472.4b | HK$689.9b | HK$45.1b | 8.8x | 10.5x | 0.7x |
| Wed, 07 Sep 2022 | HK$523.5b | HK$698.0b | HK$45.5b | 8.9x | 11.5x | 0.8x |
| Fri, 05 Aug 2022 | HK$562.0b | HK$634.3b | HK$48.9b | 8.9x | 11.5x | 0.9x |
| Sun, 03 Jul 2022 | HK$587.5b | HK$632.6b | HK$49.1b | 9.3x | 12x | 0.9x |
| Tue, 31 May 2022 | HK$564.0b | HK$626.3b | HK$51.0b | 9.4x | 11.1x | 0.9x |
| Thu, 28 Apr 2022 | HK$524.6b | HK$632.4b | HK$51.3b | 9x | 10.2x | 0.8x |
| Sat, 26 Mar 2022 | HK$582.7b | HK$619.9b | HK$49.8b | 10.5x | 11.7x | 0.9x |
| Mon, 21 Feb 2022 | HK$692.4b | HK$587.0b | HK$51.9b | 11.6x | 13.3x | 1.2x |
| Wed, 19 Jan 2022 | HK$716.5b | HK$585.7b | HK$51.8b | 11.6x | 13.8x | 1.2x |
| Fri, 17 Dec 2021 | HK$724.5b | HK$585.3b | HK$51.8b | 12.8x | 14x | 1.2x |
| Sun, 14 Nov 2021 | HK$700.4b | HK$572.7b | HK$52.7b | 10.6x | 13.3x | 1.2x |
| Tue, 12 Oct 2021 | HK$706.8b | HK$569.7b | HK$52.5b | 10.9x | 13.5x | 1.2x |
| Thu, 09 Sep 2021 | HK$803.5b | HK$568.5b | HK$52.4b | 11.7x | 15.3x | 1.4x |
| Sat, 07 Aug 2021 | HK$813.5b | HK$570.5b | HK$52.3b | 13.2x | 15.5x | 1.4x |
| Fri, 30 Apr 2021 | HK$776.7b | HK$533.2b | HK$47.4b | 15x | 16.4x | 1.5x |
Price to Earnings Ratio
16.4x
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 12.3x.
- The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have declined 8.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Gas Utilities compare with similar industries?
| HK Market | -0.66% | |
| Utilities | -1.75% | |
| Gas Utilities | -4.31% | |
| Gas Utilities | -4.31% | |
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$5.82 | 2.5% +HK$2.6b | -15.0% | PE17.9x | |
| 135 Kunlun Energy | HK$7.37 | 4.1% +HK$2.5b | 10.0% | PE10.4x | |
| 2688 ENN Energy Holdings | HK$64.10 | 2.6% +HK$1.9b | -39.3% | PE9.8x | |
| 384 China Gas Holdings | HK$7.00 | 1.7% +HK$652.3m | -28.9% | PE13.3x | |
| 392 Beijing Enterprises Holdings | HK$24.05 | 1.9% +HK$566.1m | -21.9% | PE5.5x |
