China Gas Holdings Limited (HKG:384) Shares Could Be 49% Below Their Intrinsic Value Estimate
May 13
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Hong Kong (HSI) Gas Utilities Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies18
- 7D1.2%
- 3M8.6%
- 1Y-4.6%
- YTD3.1%
Over the last 7 days, the Gas Utilities industry has risen 1.2%, driven by gains in Kunlun Energy and China Resources Gas Group of 3.6% and 4.1%, respectively. In contrast, the industry has lost 4.6% in the last 12 months. Looking forward, earnings are forecast to grow by 7.9% 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 |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | HK$431.0b | HK$728.5b | HK$34.2b | 8.2x | 12.6x | 0.6x |
| Fri, 11 Apr 2025 | HK$407.1b | HK$719.1b | HK$33.8b | 8.1x | 12x | 0.6x |
| Sun, 09 Mar 2025 | HK$408.3b | HK$726.8b | HK$33.5b | 9.2x | 12.2x | 0.6x |
| Tue, 04 Feb 2025 | HK$393.3b | HK$727.3b | HK$33.5b | 8.7x | 11.8x | 0.5x |
| Thu, 02 Jan 2025 | HK$426.2b | HK$722.9b | HK$33.3b | 9x | 12.8x | 0.6x |
| Sat, 30 Nov 2024 | HK$394.2b | HK$728.0b | HK$33.5b | 8.4x | 11.8x | 0.5x |
| Mon, 28 Oct 2024 | HK$424.3b | HK$734.5b | HK$33.8b | 9.1x | 12.5x | 0.6x |
| Wed, 25 Sep 2024 | HK$419.1b | HK$740.7b | HK$34.1b | 8.8x | 12.3x | 0.6x |
| Fri, 23 Aug 2024 | HK$408.4b | HK$724.6b | HK$35.9b | 8.6x | 11.4x | 0.6x |
| Sun, 21 Jul 2024 | HK$420.8b | HK$718.3b | HK$36.5b | 8.8x | 11.5x | 0.6x |
| Tue, 18 Jun 2024 | HK$421.1b | HK$722.8b | HK$36.2b | 9.1x | 11.6x | 0.6x |
| Thu, 16 May 2024 | HK$452.5b | HK$724.6b | HK$36.3b | 10.4x | 12.5x | 0.6x |
| Sat, 13 Apr 2024 | HK$412.2b | HK$718.2b | HK$36.9b | 9.3x | 11.2x | 0.6x |
| Mon, 11 Mar 2024 | HK$410.5b | HK$717.7b | HK$36.4b | 10x | 11.3x | 0.6x |
| Wed, 07 Feb 2024 | HK$396.8b | HK$721.3b | HK$36.5b | 9.8x | 10.9x | 0.6x |
| Fri, 05 Jan 2024 | HK$411.0b | HK$718.8b | HK$36.4b | 10.5x | 11.3x | 0.6x |
| Sun, 03 Dec 2023 | HK$383.9b | HK$719.6b | HK$36.4b | 10.2x | 10.5x | 0.5x |
| Tue, 31 Oct 2023 | HK$391.2b | HK$718.9b | HK$37.6b | 9.9x | 10.4x | 0.5x |
| Thu, 28 Sep 2023 | HK$398.9b | HK$719.1b | HK$37.6b | 10.1x | 10.6x | 0.6x |
| Sat, 26 Aug 2023 | HK$398.1b | HK$714.2b | HK$37.2b | 9.9x | 10.7x | 0.6x |
| Mon, 24 Jul 2023 | HK$451.7b | HK$721.9b | HK$37.0b | 10.5x | 12.2x | 0.6x |
| Wed, 21 Jun 2023 | HK$494.3b | HK$722.9b | HK$39.5b | 11x | 12.5x | 0.7x |
| Fri, 19 May 2023 | HK$525.1b | HK$729.9b | HK$39.8b | 11.6x | 13.2x | 0.7x |
| Sun, 16 Apr 2023 | HK$497.5b | HK$738.8b | HK$40.1b | 10x | 12.4x | 0.7x |
| Tue, 14 Mar 2023 | HK$521.7b | HK$705.2b | HK$44.9b | 8.9x | 11.6x | 0.7x |
| Thu, 09 Feb 2023 | HK$543.6b | HK$709.6b | HK$45.1b | 9.5x | 12.1x | 0.8x |
| Sat, 07 Jan 2023 | HK$540.2b | HK$705.3b | HK$44.9b | 9.1x | 12x | 0.8x |
| Mon, 05 Dec 2022 | HK$471.8b | HK$696.0b | HK$44.4b | 7.8x | 10.6x | 0.7x |
| Wed, 02 Nov 2022 | HK$402.1b | HK$681.9b | HK$44.8b | 7.6x | 9x | 0.6x |
| Fri, 30 Sep 2022 | HK$468.2b | HK$686.2b | HK$45.0b | 8.7x | 10.4x | 0.7x |
| Sun, 28 Aug 2022 | HK$544.5b | HK$694.1b | HK$47.4b | 8.6x | 11.5x | 0.8x |
| Tue, 26 Jul 2022 | HK$560.9b | HK$632.7b | HK$49.2b | 8.8x | 11.4x | 0.9x |
| Thu, 23 Jun 2022 | HK$555.8b | HK$626.8b | HK$51.0b | 9.1x | 10.9x | 0.9x |
| Sat, 21 May 2022 | HK$558.6b | HK$625.7b | HK$51.0b | 9.6x | 11x | 0.9x |
Price to Earnings Ratio
11x
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 11.6x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.2% 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 Trends
Which industries have driven the changes within the Hong Kong Utilities industry?
| HK Market | 2.09% | |
| Utilities | 0.97% | |
| Gas Utilities | 1.23% | |
| Gas Utilities | 1.23% | |
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 | |
|---|---|---|---|---|---|
| 135 Kunlun Energy | HK$7.75 | 3.6% +HK$2.3b | -6.2% | PE10.4x | |
| 1193 China Resources Gas Group | HK$22.65 | 4.1% +HK$2.1b | -17.0% | PE12.8x | |
| 2688 ENN Energy Holdings | HK$63.05 | 1.4% +HK$1.0b | -18.0% | PE10.8x | |
| 3 Hong Kong and China Gas | HK$7.06 | 0.6% +HK$746.4m | 11.0% | PE23.1x | |
| 384 China Gas Holdings | HK$7.17 | 1.6% +HK$599.3m | -8.5% | PE12.5x |