SEHK:3633

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Zhongyu Gas Holdings

Market Cap

HK$18.0b

Last Updated

2021/07/24 10:09 UTC

Data Sources

Company Financials

Executive Summary

Zhongyu Gas Holdings Limited, an investment holding company, engages in the development, construction, and operation of natural gas projects in the People’s Republic of China. More Details


Snowflake Analysis

Solid track record with mediocre balance sheet.

Share Price & News

How has Zhongyu Gas Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3633 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 3633's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.8%

3633

0.2%

HK Gas Utilities

-2.7%

HK Market


1 Year Return

-4.4%

3633

22.7%

HK Gas Utilities

13.3%

HK Market

Return vs Industry: 3633 underperformed the Hong Kong Gas Utilities industry which returned 22.6% over the past year.

Return vs Market: 3633 underperformed the Hong Kong Market which returned 13.4% over the past year.


Shareholder returns

3633IndustryMarket
7 Day1.8%0.2%-2.7%
30 Day4.3%1.4%-6.0%
90 Day-0.4%3.1%-7.7%
1 Year-3.0%-4.4%29.1%22.7%17.3%13.3%
3 Year-17.9%-20.5%11.7%2.0%8.7%-3.3%
5 Year316.0%300.0%88.9%63.6%44.6%19.0%

Long-Term Price Volatility Vs. Market

How volatile is Zhongyu Gas Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zhongyu Gas Holdings undervalued compared to its fair value and its price relative to the market?

17.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3633 (HK$6.8) is trading above our estimate of fair value (HK$2.12)

Significantly Below Fair Value: 3633 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3633 is poor value based on its PE Ratio (17x) compared to the Hong Kong Gas Utilities industry average (13.5x).

PE vs Market: 3633 is poor value based on its PE Ratio (17x) compared to the Hong Kong market (10.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3633's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3633 is overvalued based on its PB Ratio (3x) compared to the HK Gas Utilities industry average (1.2x).


Future Growth

How is Zhongyu Gas Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.0%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zhongyu Gas Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Zhongyu Gas Holdings performed over the past 5 years?

29.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3633 has high quality earnings.

Growing Profit Margin: 3633's current net profit margins (12.4%) are higher than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: 3633's earnings have grown significantly by 29.4% per year over the past 5 years.

Accelerating Growth: 3633's earnings growth over the past year (145.6%) exceeds its 5-year average (29.4% per year).

Earnings vs Industry: 3633 earnings growth over the past year (145.6%) exceeded the Gas Utilities industry 10.7%.


Return on Equity

High ROE: 3633's Return on Equity (16.5%) is considered low.


Financial Health

How is Zhongyu Gas Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3633's short term assets (HK$6.5B) do not cover its short term liabilities (HK$11.5B).

Long Term Liabilities: 3633's short term assets (HK$6.5B) exceed its long term liabilities (HK$5.4B).


Debt to Equity History and Analysis

Debt Level: 3633's debt to equity ratio (172.2%) is considered high.

Reducing Debt: 3633's debt to equity ratio has reduced from 185.9% to 172.2% over the past 5 years.

Debt Coverage: 3633's debt is not well covered by operating cash flow (16.3%).

Interest Coverage: 3633's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Dividend

What is Zhongyu Gas Holdings's current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3633's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (1.95%).

High Dividend: 3633's dividend (1.32%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.32%).


Stability and Growth of Payments

Stable Dividend: 3633 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3633's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.5%), 3633's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Siu Keung Lui (49 yo)

4.75yrs

Tenure

HK$5,618,000

Compensation

Mr. Siu Keung Lui, AHKSA, has been the Chief Executive Officer of Zhongyu Gas Holdings Limited since October 1, 2016 and serves as its Company Secretary. Mr. Lui has been an Independent Non-Executive Direc...


CEO Compensation Analysis

Compensation vs Market: Siu Keung's total compensation ($USD723.05K) is about average for companies of similar size in the Hong Kong market ($USD645.99K).

Compensation vs Earnings: Siu Keung's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 3633's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: 3633's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 3633 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Zhongyu Gas Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhongyu Gas Holdings Limited
  • Ticker: 3633
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: HK$17.987b
  • Shares outstanding: 2.65b
  • Website: https://www.zhongyugas.com

Number of Employees


Location

  • Zhongyu Gas Holdings Limited
  • China Merchants Tower
  • Units 04-06, 28th Floor
  • Central
  • Hong Kong

Listings


Biography

Zhongyu Gas Holdings Limited, an investment holding company, engages in the development, construction, and operation of natural gas projects in the People’s Republic of China. The company is involved in th...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/24 10:09
End of Day Share Price2021/07/23 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.