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.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average 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
-6.3%
1193
-1.3%
HK Gas Utilities
2.2%
HK Market
1 Year Return
26.5%
1193
0.6%
HK Gas Utilities
-0.8%
HK Market
Return vs Industry: 1193 exceeded the Hong Kong Gas Utilities industry which returned 0.6% over the past year.
Return vs Market: 1193 exceeded the Hong Kong Market which returned -0.8% over the past year.
Shareholder returns
| 1193 | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.3% | -1.3% | 2.2% |
| 30 Day | -7.1% | -7.1% | -0.6% |
| 90 Day | 11.0% | -2.5% | -0.9% |
| 1 Year | 29.2%26.5% | 2.6%0.6% | 2.8%-0.8% |
| 3 Year | 94.9%84.1% | 71.4%61.5% | 19.5%7.4% |
| 5 Year | 136.1%116.6% | 55.3%41.0% | 20.7%0.5% |
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
1 week ago | Simply Wall St
Don't Sell China Resources Gas Group Limited (HKG:1193) Before You Read This3 weeks ago | Simply Wall St
Should You Be Impressed By China Resources Gas Group Limited's (HKG:1193) ROE?1 month ago | Simply Wall St
Is China Resources Gas Group's (HKG:1193) 123% Share Price Increase Well Justified?Valuation
Is China Resources Gas Group undervalued compared to its fair value and its price relative to the market?
18.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1193 (HK$41.8) is trading below our estimate of fair value (HK$51.5)
Significantly Below Fair Value: 1193 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1193 is poor value based on its PE Ratio (19.2x) compared to the Gas Utilities industry average (17.3x).
PE vs Market: 1193 is poor value based on its PE Ratio (19.2x) compared to the Hong Kong market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: 1193 is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: 1193 is overvalued based on its PB Ratio (3.6x) 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 23 analysts?
9.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1193's forecast earnings growth (9% per year) is above the savings rate (1.6%).
Earnings vs Market: 1193's earnings (9% per year) are forecast to grow slower than the Hong Kong market (11.7% per year).
High Growth Earnings: 1193's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1193's revenue (10% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).
High Growth Revenue: 1193's revenue (10% 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 (15.2%).
Next Steps
Past Performance
How has China Resources Gas Group performed over the past 5 years?
13.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1193 has high quality earnings.
Growing Profit Margin: 1193's current net profit margins (8.5%) are lower than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: 1193's earnings have grown by 13.8% per year over the past 5 years.
Accelerating Growth: 1193's earnings growth over the past year (13%) is below its 5-year average (13.8% per year).
Earnings vs Industry: 1193 earnings growth over the past year (13%) exceeded the Gas Utilities industry -4.6%.
Return on Equity
High ROE: 1193's Return on Equity (18.3%) is considered low.
Return on Assets
Return on Capital Employed
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$28.1B) do not cover its short term liabilities (HK$37.0B).
Long Term Liabilities: 1193's short term assets (HK$28.1B) exceed its long term liabilities (HK$7.8B).
Debt to Equity History and Analysis
Debt Level: 1193's debt to equity ratio (40.9%) is considered high.
Reducing Debt: 1193's debt to equity ratio has reduced from 72.7% to 40.9% over the past 5 years.
Debt Coverage: 1193's debt is well covered by operating cash flow (52.5%).
Interest Coverage: 1193's interest payments on its debt are well covered by EBIT (46.2x coverage).
Balance Sheet
Inventory Level: 1193 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1193's debt is covered by short term assets (assets are 2x debt).
Next Steps
Dividend
What is China Resources Gas Group's current dividend yield, its reliability and sustainability?
1.84%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1193's dividend (1.84%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 1193's dividend (1.84%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.17%).
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 (35.5%), 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 (43.8% payout ratio).
Next Steps
Management
What is the CEO of China Resources Gas Group's salary, the management and board of directors tenure and is there insider trading?
4.0yrs
Average management tenure
CEO
Baofeng Shi (46yo)
1.1yrs
Tenure
HK$15,490,186
Compensation
Mr. Baofeng Shi has been Chief Executive Officer and Executive Director at China Resources Gas Group Limited since November 28, 2018. Mr. Shi is currently the Chief Executive Officer of China Resources Gas ...
CEO Compensation Analysis
Compensation vs Market: Baofeng's total compensation ($USD1.98M) is above average for companies of similar size in the Hong Kong market ($USD853.33K).
Compensation vs Earnings: Insufficient data to compare Baofeng's compensation with company performance.
Management Age and Tenure
4.0yrs
Average Tenure
52yo
Average Age
Experienced Management: 1193's management team is considered experienced (4 years average tenure).
Board Age and Tenure
5.6yrs
Average Tenure
51.5yo
Average Age
Experienced Board: 1193's board of directors are considered experienced (5.6 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 814,000 |
| Max Price | HK$36.50 |
| Entity | Company |
| Shares | 2,614,000 |
| Max Price | HK$35.38 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Peter Lo (70yo)
Secretary
- Tenure: 2.3yrs
Bin Ge (55yo)
Vice Chairman
- Tenure: 5.8yrs
- Compensation: HK$4.36m
Baofeng Shi (46yo)
CEO & Executive Director
- Tenure: 1.1yrs
- Compensation: HK$15.49m
Likun Zhu (52yo)
Senior Vice President of China Resources Gas (Holdings) Limited
- Tenure: 5.8yrs
Xuwen Qin (57yo)
Senior Vice President of China Resources Gas (Holdings) Limited
- Tenure: 5.8yrs
Cheng Jie (44yo)
Senior Vice President of China Resources Gas (Holdings) Limited
- Tenure: 5.8yrs
Joshua Li (41yo)
Chief Financial Officer
- Tenure: 2.3yrs
Board Members
David Yu (71yo)
Independent Non-Executive Director
- Tenure: 7yrs
- Compensation: HK$180.00k
Ying Chen (48yo)
Non-Executive Director
- Tenure: 7.5yrs
Tak Wong (68yo)
Independent Non-Executive Director
- Tenure: 21.9yrs
- Compensation: HK$180.00k
Chuandong Wang (55yo)
Non-Executive Chairman of the Board
- Tenure: 7.5yrs
Bin Ge (55yo)
Vice Chairman
- Tenure: 5.8yrs
- Compensation: HK$4.36m
Baofeng Shi (46yo)
CEO & Executive Director
- Tenure: 1.1yrs
- Compensation: HK$15.49m
Yan Wang (47yo)
Non-Executive Director
- Tenure: 5.3yrs
George Yang (55yo)
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: HK$74.00k
Shiqing Jing (38yo)
Non-Executive Director
- Tenure: 1.3yrs
Suet Fei Wan (42yo)
Non-Executive Director
- Tenure: 1.3yrs
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$92.964b
- Shares outstanding: 2.22b
- Website: https://www.crcgas.com
Number of Employees
Location
- China Resources Gas Group Limited
- China Resources Building
- Room 1901-02
- Wanchai
- 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 | 2019/12/11 12:39 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.