Executive Summary
China Resources Gas Group Limited, an investment holding company, engages in the sale of liquefied gas and connection of gas pipelines in the People’s Republic of China and Hong Kong. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet established dividend payer.
Share Price & News
How has China Resources Gas Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1193 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.6%
1193
-2.0%
HK Gas Utilities
-1.0%
HK Market
1 Year Return
-8.0%
1193
-20.1%
HK Gas Utilities
0.4%
HK Market
Return vs Industry: 1193 exceeded the Hong Kong Gas Utilities industry which returned -20.1% over the past year.
Return vs Market: 1193 underperformed the Hong Kong Market which returned 0.4% over the past year.
Shareholder returns
| 1193 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.6% | -2.0% | -1.0% |
| 30 Day | -5.8% | -4.4% | -3.2% |
| 90 Day | -12.9% | -11.1% | 1.4% |
| 1 Year | -5.9%-8.0% | -17.8%-20.1% | 4.5%0.4% |
| 3 Year | 40.5%32.1% | 7.4%0.2% | -3.9%-14.2% |
| 5 Year | 95.1%77.3% | 46.3%30.9% | 22.7%2.0% |
Price Volatility Vs. Market
How volatile is China Resources Gas Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Be Sure To Check Out China Resources Gas Group Limited (HKG:1193) Before It Goes Ex-Dividend1 week ago | Simply Wall St
China Resources Gas Group Limited's (HKG:1193) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?3 weeks ago | Simply Wall St
Does China Resources Gas Group's (HKG:1193) Share Price Gain of 77% Match Its Business Performance?Valuation
Is China Resources Gas Group undervalued compared to its fair value and its price relative to the market?
39.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1193 (HK$35.15) is trading below our estimate of fair value (HK$58.05)
Significantly Below Fair Value: 1193 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1193 is poor value based on its PE Ratio (17x) compared to the HK Gas Utilities industry average (12.3x).
PE vs Market: 1193 is poor value based on its PE Ratio (17x) compared to the Hong Kong market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: 1193 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 1193 is overvalued based on its PB Ratio (2.6x) compared to the HK Gas Utilities industry average (1.2x).
Next Steps
Future Growth
How is China Resources Gas Group forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
11.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1193's forecast earnings growth (11.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 1193's earnings (11.1% per year) are forecast to grow slower than the Hong Kong market (22.4% per year).
High Growth Earnings: 1193's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1193's revenue (10.7% per year) is forecast to grow slower than the Hong Kong market (13.1% per year).
High Growth Revenue: 1193's revenue (10.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1193's Return on Equity is forecast to be low in 3 years time (15.3%).
Next Steps
Past Performance
How has China Resources Gas Group performed over the past 5 years?
12.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1193 has high quality earnings.
Growing Profit Margin: 1193's current net profit margins (9%) are higher than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: 1193's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: 1193's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1193 had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Gas Utilities industry average (-0.2%).
Return on Equity
High ROE: 1193's Return on Equity (14.8%) is considered low.
Next Steps
Financial Health
How is China Resources Gas Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1193's short term assets (HK$30.7B) do not cover its short term liabilities (HK$35.8B).
Long Term Liabilities: 1193's short term assets (HK$30.7B) exceed its long term liabilities (HK$7.6B).
Debt to Equity History and Analysis
Debt Level: 1193's debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: 1193's debt to equity ratio has reduced from 65.8% to 29.9% over the past 5 years.
Debt Coverage: 1193's debt is well covered by operating cash flow (77.8%).
Interest Coverage: 1193's interest payments on its debt are well covered by EBIT (32.4x coverage).
Balance Sheet
Next Steps
Dividend
What is China Resources Gas Group current dividend yield, its reliability and sustainability?
2.48%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1193's dividend (2.48%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).
High Dividend: 1193's dividend (2.48%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.92%).
Stability and Growth of Payments
Stable Dividend: 1193's dividends per share have been stable in the past 10 years.
Growing Dividend: 1193's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.2%), 1193's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1193's dividends in 3 years are forecast to be well covered by earnings (42.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Baofeng Shi (47 yo)
1.83yrs
Tenure
HK$6,619,000
Compensation
Mr. Baofeng Shi has been Chief Executive Officer and Executive Director at China Resources Gas Group Limited since November 28, 2018. Mr. Shi is currently the Chief Executive Officer of China Resources Gas ...
CEO Compensation Analysis
Compensation vs Market: Baofeng's total compensation ($USD854.05K) is about average for companies of similar size in the Hong Kong market ($USD805.77K).
Compensation vs Earnings: Baofeng's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.83yrs | HK$6.62m | no data | |
| Vice Chairman | 6.58yrs | HK$7.37m | no data | |
| Chief Financial Officer | 3yrs | no data | no data | |
| Senior Vice President of China Resources Gas (Holdings) Limited | 6.58yrs | no data | no data | |
| Senior Vice President of China Resources Gas (Holdings) Limited | 6.58yrs | no data | no data | |
| Senior Vice President of China Resources Gas (Holdings) Limited | 6.58yrs | no data | no data | |
| Secretary | 3yrs | no data | no data |
4.8yrs
Average Tenure
53yo
Average Age
Experienced Management: 1193's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.83yrs | HK$6.62m | no data | |
| Vice Chairman | 6.58yrs | HK$7.37m | no data | |
| Independent Non-Executive Director | 7.75yrs | HK$200.00k | no data | |
| Non-Executive Director | 8.25yrs | no data | no data | |
| Independent Non-Executive Director | 22.67yrs | HK$200.00k | 0.00086% HK$ 699.5k | |
| Independent Non-executive Director | 1.67yrs | HK$183.00k | no data | |
| Non-Executive Chairman of the Board | 8.25yrs | no data | 0.0086% HK$ 7.0m | |
| Non-Executive Director | 6.08yrs | no data | no data | |
| Independent Non-Executive Director | 2.08yrs | HK$200.00k | no data | |
| Non-Executive Director | 2.08yrs | no data | no data | |
| Non-Executive Director | 2.08yrs | no data | no data |
6.1yrs
Average Tenure
56yo
Average Age
Experienced Board: 1193's board of directors are considered experienced (6.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 1193 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.
Top Shareholders
Company Information
China Resources Gas Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Resources Gas Group Limited
- Ticker: 1193
- Exchange: SEHK
- Founded:
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: HK$81.338b
- Shares outstanding: 2.31b
- Website: https://www.crcgas.com
Number of Employees
Location
- China Resources Gas Group Limited
- China Resources Building
- Room 1901-02
- Wan Chai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LGX1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1994 |
| 1193 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Nov 1994 |
| 1193 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 1994 |
| 1193 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 1994 |
| CRGG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1994 |
| CGAS.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Aug 2012 |
Biography
China Resources Gas Group Limited, an investment holding company, engages in the sale of liquefied gas and connection of gas pipelines in the People’s Republic of China and Hong Kong. It operates through S ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/22 19:21 |
| End of Day Share Price | 2020/09/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.