China Resources Gas Group Valuation
Is 2939 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2939?
Other financial metrics that can be useful for relative valuation.
| What is 2939's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | HK$86.89b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.3x |
| Enterprise Value/EBITDA | 9.3x |
| PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does 2939's PE Ratio compare to its peers?
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 16.4x | ||
384 China Gas Holdings | 5.3x | 9.1% | HK$40.9b |
135 Kunlun Energy | 7.1x | 1.3% | HK$43.5b |
2688 ENN Energy Holdings | 12.8x | 12.6% | HK$97.9b |
3 Hong Kong and China Gas | 27.8x | 14.0% | HK$114.9b |
2939 China Resources Gas Group | 13.6x | 6.9% | HK$86.9b |
Price-To-Earnings vs Peers: 2939 is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (16.4x).
Price to Earnings Ratio vs Industry
How does 2939's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?
Price to Earnings Ratio vs Fair Ratio
What is 2939'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 13.6x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2939's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2939 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2939 (HK$34.25) is trading below our estimate of fair value (HK$69.92)
Significantly Below Fair Value: 2939 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Price is less than 20% discount to the current share price.