China Gas Holdings Limited

DB:EBZ Stock Report

Market Cap: €4.5b

China Gas Holdings Valuation

Is EBZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EBZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EBZ (€0.81) is trading below our estimate of fair value (€1.93)

Significantly Below Fair Value: EBZ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EBZ?

Key metric: As EBZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EBZ. This is calculated by dividing EBZ's market cap by their current earnings.
What is EBZ's PE Ratio?
PE Ratio11.6x
EarningsHK$3.12b
Market CapHK$36.05b

Price to Earnings Ratio vs Peers

How does EBZ's PE Ratio compare to its peers?

The above table shows the PE ratio for EBZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.7x
LEC Lechwerke
25.8xn/a€2.5b
WWG Gelsenwasser
13.4xn/a€1.7b
MVV1 MVV Energie
10.9xn/a€2.0b
MNV6 Mainova
32.6xn/a€1.9b
EBZ China Gas Holdings
11.6x12.1%€36.1b

Price-To-Earnings vs Peers: EBZ is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

How does EBZ's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EBZ 11.6xIndustry Avg. 14.4xNo. of Companies13PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EBZ is good value based on its Price-To-Earnings Ratio (11.6x) compared to the Global Gas Utilities industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is EBZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EBZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: EBZ is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EBZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.81
€0.95
+17.7%
19.3%€1.37€0.70n/a15
Dec ’25€0.77
€0.96
+25.1%
19.0%€1.40€0.68n/a16
Nov ’25€0.79
€0.97
+23.4%
15.8%€1.36€0.77n/a17
Oct ’25€0.82
€0.93
+12.9%
14.5%€1.32€0.75n/a18
Sep ’25€0.76
€0.96
+26.3%
15.2%€1.35€0.76n/a18
Aug ’25€0.83
€0.96
+15.6%
15.2%€1.35€0.76n/a18
Jul ’25€0.82
€0.97
+18.8%
15.7%€1.37€0.78n/a18
Jun ’25€0.87
€1.00
+15.0%
16.0%€1.47€0.80n/a18
May ’25€0.86
€0.98
+13.3%
15.9%€1.48€0.80n/a18
Apr ’25€0.82
€0.98
+18.6%
17.5%€1.50€0.73n/a18
Mar ’25€0.84
€0.98
+16.0%
17.1%€1.50€0.72n/a18
Feb ’25€0.83
€0.98
+17.9%
17.4%€1.49€0.72n/a17
Jan ’25€0.88
€1.03
+17.3%
21.3%€1.50€0.73n/a18
Dec ’24€0.81
€1.08
+32.3%
27.2%€1.87€0.71€0.7718
Nov ’24€0.83
€1.27
+52.2%
22.8%€1.93€0.83€0.7919
Oct ’24€0.88
€1.31
+48.6%
19.8%€1.90€0.83€0.8219
Sep ’24€0.93
€1.27
+36.2%
20.8%€1.82€0.80€0.7619
Aug ’24€0.99
€1.27
+27.3%
20.8%€1.82€0.80€0.8319
Jul ’24€1.04
€1.32
+26.7%
19.3%€1.88€0.90€0.8219
Jun ’24€1.09
€1.44
+31.8%
22.2%€1.93€0.91€0.8719
May ’24€1.16
€1.42
+22.5%
22.4%€1.90€0.92€0.8619
Apr ’24€1.28
€1.46
+13.9%
23.1%€1.96€0.95€0.8218
Mar ’24€1.35
€1.46
+8.0%
23.1%€1.96€0.95€0.8418
Feb ’24€1.44
€1.42
-1.4%
22.9%€1.92€0.93€0.8319
Jan ’24€1.35
€1.40
+3.7%
25.1%€1.97€0.91€0.8819
Dec ’23€1.23
€1.45
+17.9%
26.7%€2.02€0.93€0.8118

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 07:28
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Gas Holdings Limited is covered by 47 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ying LouBarclays
Hiu Tung HuiBNP Paribas Securities (Asia)
Cho Ming LauBOCI Research Ltd.