| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
384 Overview
China Gas Holdings Limited operates as a gas operator and service provider in the People’s Republic of China.
Rewards
Risk Analysis
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$19.26 |
| 52 Week High | HK$18.88 |
| 52 Week Low | HK$35.00 |
| Beta | 0.31 |
| 1 Month Change | -10.00% |
| 3 Month Change | -16.98% |
| 1 Year Change | -20.90% |
| 3 Year Change | -21.39% |
| 5 Year Change | 60.50% |
| Change since IPO | 2,307.50% |
Recent News & Updates
China Gas Holdings (HKG:384) Is Increasing Its Dividend To HK$0.45
China Gas Holdings Limited ( HKG:384 ) has announced that it will be increasing its dividend on the 30th of September...
Increases to China Gas Holdings Limited's (HKG:384) CEO Compensation Might Cool off for now
In the past three years, shareholders of China Gas Holdings Limited ( HKG:384 ) have seen a loss on their investment...
If You Like EPS Growth Then Check Out China Gas Holdings (HKG:384) Before It's Too Late
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
We Think You Should Be Aware Of Some Concerning Factors In China Gas Holdings' (HKG:384) Earnings
China Gas Holdings Limited's ( HKG:384 ) robust recent earnings didn't do much to move the stock. However the statutory...
China Gas Holdings (HKG:384) Will Pay A Larger Dividend Than Last Year At HK$0.45
China Gas Holdings Limited ( HKG:384 ) will increase its dividend on the 30th of September to HK$0.45. This takes the...
Shareholder Returns
| 384 | HK Gas Utilities | HK Market | |
|---|---|---|---|
| 7D | -8.3% | 0.5% | 0.4% |
| 1Y | -20.9% | 10.2% | 6.7% |
Return vs Industry: 384 underperformed the Hong Kong Gas Utilities industry which returned 8.6% over the past year.
Return vs Market: 384 underperformed the Hong Kong Market which returned 5.9% over the past year.
Price Volatility
| 384 volatility | |
|---|---|
| 384 Beta | 0.31 |
| Industry Beta | 0.55 |
| Market Beta | 1 |
Stable Share Price: 384 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 384's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 59,462 | Ming Hui Liu | https://www.chinagasholdings.com.hk |
China Gas Holdings Limited operates as a gas operator and service provider in the People’s Republic of China. The company invests in, constructs, operates, and maintains city and town gas pipeline infrastructure facilities, gas terminals, storage and transportation facilities, and gas logistics systems; transmits natural gas and liquefied petroleum gas (LPG) to residential, industrial, and commercial customers; constructs and operates compressed natural gas/liquefied natural gas refilling stations; and develops and applies technologies related to natural gas and LPG. It is also involved in the investment in petrochemical facilities of storage and transportation, and fundamental facilities of pier; producing and storing LPG and chemical products, as well as propane and butane; CBM business; exploration and production of coal bed methane; and gas station administration, management, and consultancy services.
China Gas Holdings Fundamentals Summary
| 384 fundamental statistics | |
|---|---|
| Market Cap | HK$106.64b |
| Earnings (TTM) | HK$10.48b |
| Revenue (TTM) | HK$69.98b |
10.2x
P/E Ratio1.5x
P/S RatioIs 384 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 384 income statement (TTM) | |
|---|---|
| Revenue | HK$69.98b |
| Cost of Revenue | HK$51.87b |
| Gross Profit | HK$18.10b |
| Expenses | HK$7.62b |
| Earnings | HK$10.48b |
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.89 |
| Gross Margin | 25.87% |
| Net Profit Margin | 14.97% |
| Debt/Equity Ratio | 81.8% |
How did 384 perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield27%
Payout RatioValuation
Is China Gas Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 384 (HK$19.26) is trading below our estimate of fair value (HK$73.06)
Significantly Below Fair Value: 384 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 384's PE Ratio (10.2x) is in line with the Hong Kong Gas Utilities industry average.
PE vs Market: 384 is poor value based on its PE Ratio (10.2x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: 384 is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: 384 is overvalued based on its PB Ratio (2.1x) compared to the HK Gas Utilities industry average (1.2x).
Future Growth
How is China Gas Holdings forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 384's forecast earnings growth (12.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 384's earnings (12.1% per year) are forecast to grow slower than the Hong Kong market (17.7% per year).
High Growth Earnings: 384's earnings are forecast to grow, but not significantly.
Revenue vs Market: 384's revenue (12.5% per year) is forecast to grow faster than the Hong Kong market (12.5% per year).
High Growth Revenue: 384's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 384's Return on Equity is forecast to be low in 3 years time (17.8%).
Past Performance
How has China Gas Holdings performed over the past 5 years?
24.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 384 has high quality earnings.
Growing Profit Margin: 384's current net profit margins (15%) are lower than last year (15.4%).
Past Earnings Growth Analysis
Earnings Trend: 384's earnings have grown significantly by 24.6% per year over the past 5 years.
Accelerating Growth: 384's earnings growth over the past year (14%) is below its 5-year average (24.6% per year).
Earnings vs Industry: 384 earnings growth over the past year (14%) underperformed the Gas Utilities industry 43.6%.
Return on Equity
High ROE: 384's Return on Equity (19.5%) is considered low.
Financial Health
How is China Gas Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 384's short term assets (HK$50.4B) exceed its short term liabilities (HK$46.3B).
Long Term Liabilities: 384's short term assets (HK$50.4B) exceed its long term liabilities (HK$34.5B).
Debt to Equity History and Analysis
Debt Level: 384's debt to equity ratio (81.8%) is considered high.
Reducing Debt: 384's debt to equity ratio has reduced from 106.5% to 81.8% over the past 5 years.
Debt Coverage: 384's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 384's interest payments on its debt are well covered by EBIT (10.2x coverage).
Balance Sheet
Dividend
What is China Gas Holdings's current dividend yield, its reliability and sustainability?
2.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 384's dividend (2.86%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.22%).
High Dividend: 384's dividend (2.86%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).
Stability and Growth of Payments
Stable Dividend: 384's dividends per share have been stable in the past 10 years.
Growing Dividend: 384's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.4%), 384's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 384's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Ming Hui Liu (58 yo)
9.17yrs
Tenure
HK$18,200,000
Compensation
Mr. Ming Hui Liu serves as the Managing Director and President of China Gas Holdings Limited since August 2012. He served as the Managing Director of China Gas Holdings Ltd. from July 2002 to January 25, 2...
CEO Compensation Analysis
Compensation vs Market: Ming Hui's total compensation ($USD2.34M) is above average for companies of similar size in the Hong Kong market ($USD1.05M).
Compensation vs Earnings: Ming Hui's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 384's management team is seasoned and experienced (7.8 years average tenure).
Board Members
Experienced Board: 384's board of directors are considered experienced (8 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.
Top Shareholders
Company Information
China Gas Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: China Gas Holdings Limited
- Ticker: 384
- Exchange: SEHK
- Founded: 1995
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: HK$106.642b
- Shares outstanding: 5.54b
- Website: https://www.chinagasholdings.com.hk
Number of Employees
Location
- China Gas Holdings Limited
- Capital Centre
- 16th Floor
- Wan Chai
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 16:41 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.