Towngas China Company Limited, an investment holding company, sells and distributes piped gas in the People’s Republic of China.
Established dividend payer and slightly overvalued.
Share Price & News
How has Towngas China's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1083 has not had significant price volatility in the past 3 months.
7 Day Return
HK Gas Utilities
1 Year Return
HK Gas Utilities
Return vs Industry: 1083 underperformed the Hong Kong Gas Utilities industry which returned -4.3% over the past year.
Return vs Market: 1083 underperformed the Hong Kong Market which returned -7.6% over the past year.
Price Volatility Vs. Market
How volatile is Towngas China's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StIs Towngas China Company Limited (HKG:1083) Worth HK$4.9 Based On Its Intrinsic Value?
2 weeks ago | Simply Wall StDo You Know What Towngas China Company Limited's (HKG:1083) P/E Ratio Means?
4 weeks ago | Simply Wall StDid Towngas China's (HKG:1083) Share Price Deserve to Gain 25%?
Is Towngas China undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1083 (HK$4.9) is trading above our estimate of fair value (HK$3.64)
Significantly Below Fair Value: 1083 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1083 is good value based on its PE Ratio (10.5x) compared to the Gas Utilities industry average (16.5x).
PE vs Market: 1083 is poor value based on its PE Ratio (10.5x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: 1083 is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: 1083 is good value based on its PB Ratio (0.8x) compared to the HK Gas Utilities industry average (1.1x).
How is Towngas China forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1083's forecast earnings growth (9% per year) is above the savings rate (1.6%).
Earnings vs Market: 1083's earnings (9% per year) are forecast to grow slower than the Hong Kong market (11.8% per year).
High Growth Earnings: 1083's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1083's revenue (7.9% per year) is forecast to grow slower than the Hong Kong market (9.6% per year).
High Growth Revenue: 1083's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1083's Return on Equity is forecast to be low in 3 years time (8.1%).
How has Towngas China performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1083 has high quality earnings.
Growing Profit Margin: 1083's current net profit margins (10.4%) are lower than last year (13.8%).
Past Earnings Growth Analysis
Earnings Trend: 1083's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: 1083's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1083 had negative earnings growth (-7.7%) over the past year, making it difficult to compare to the Gas Utilities industry average (-4.6%).
Return on Equity
High ROE: 1083's Return on Equity (8.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Towngas China's financial position?
Financial Position Analysis
Short Term Liabilities: 1083's short term assets (HK$4.7B) do not cover its short term liabilities (HK$10.3B).
Long Term Liabilities: 1083's short term assets (HK$4.7B) do not cover its long term liabilities (HK$7.0B).
Debt to Equity History and Analysis
Debt Level: 1083's debt to equity ratio (57.1%) is considered high.
Reducing Debt: 1083's debt to equity ratio has increased from 55.6% to 57.1% over the past 5 years.
Debt Coverage: 1083's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 1083's interest payments on its debt are well covered by EBIT (6.1x coverage).
Inventory Level: 1083 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1083's debt is not covered by short term assets (assets are 0.4x debt).
What is Towngas China's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1083's dividend (3.06%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.29%).
High Dividend: 1083's dividend (3.06%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.34%).
Stability and Growth of Payments
Stable Dividend: 1083's dividends per share have been stable in the past 10 years.
Growing Dividend: 1083's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32%), 1083's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1083's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Peter Wong (68yo)
Mr. Wai Yee Wong, also known as, Peter, C.P.A. (CANADA), C.M.A., A.C.I.S., A.C.S., F.I.G.E.M., F.H.K.I.o.D., M.B.A. has been the Chief Operating Officer of Utilities Business at The Hong Kong and China Gas ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD812.95K) is above average for companies of similar size in the Hong Kong market ($USD558.57K).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
|Chairman of the Board||12.9yrs||HK$200.00k||0.14% HK$19.0m|
|CEO & Executive Director||12.9yrs||HK$6.33m||0.11% HK$15.1m|
|COO & Executive Director||4.8yrs||HK$4.00m||no data|
|Company Secretary & Executive Director||12.9yrs||HK$4.22m||0.038% HK$5.3m|
|Independent Non-Executive Director||12.8yrs||HK$500.00k||no data|
|Independent Non-Executive Director||12.9yrs||HK$500.00k||0.079% HK$11.1m|
|Independent Non Executive Director||12.8yrs||HK$500.00k||no data|
Experienced Board: 1083's board of directors are seasoned and experienced ( 12.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Towngas China Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Towngas China Company Limited
- Ticker: 1083
- Exchange: SEHK
- Founded: 1998
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: HK$14.066b
- Shares outstanding: 2.87b
- Website: https://www.towngaschina.com
Number of Employees
- Towngas China Company Limited
- 363 Java Road
- 23rd Floor
- North Point
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1083||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Apr 2001|
|PGJ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Apr 2001|
|TGAS.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Apr 2001|
|1083||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Apr 2001|
|1083||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Apr 2001|
Towngas China Company Limited, an investment holding company, sells and distributes piped gas in the People’s Republic of China. The company operates through two segments, Sales and Distribution of Piped Gas and Related Products, and Gas Connection. It engages in the provision of piped gas; construction of gas pipelines; operation of city gas pipeline network; operation of gas fuel automobile refilling stations; and sale of gas household appliances. In addition, the company provides financing services; and operates vehicle gas refilling stations. It serves approximately 12 million customers. The company was formerly known as Panva Gas Holdings Limited and changed its name to Towngas China Company Limited in May 2007. The company was founded in 1998 and is headquartered in North Point, Hong Kong. Towngas China Company Limited is a subsidiary of The Hong Kong and China Gas Company Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 12:50|
|End of Day Share Price||2020/02/21 00:00|
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.