China Gas Holdings Future Growth

Future criteria checks 2/6

China Gas Holdings is forecast to grow earnings and revenue by 12.6% and 4.7% per annum respectively. EPS is expected to grow by 12.4% per annum. Return on equity is forecast to be 8.3% in 3 years.

Key information

12.6%

Earnings growth rate

12.4%

EPS growth rate

Gas Utilities earnings growth	10.4%
Revenue growth rate	4.7%
Future return on equity	8.3%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

SHSC:384 - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	91,548	5,077	4,671	10,543	14
3/31/2026	87,906	4,658	4,393	10,280	18
3/31/2025	84,315	4,193	3,606	10,059	18
3/31/2024	81,410	3,185	5,338	11,340	N/A
12/31/2023	83,236	3,024	6,158	12,098	N/A
9/30/2023	85,061	2,864	6,978	12,857	N/A
6/30/2023	88,525	3,579	5,563	11,442	N/A
3/31/2023	91,988	4,293	4,149	10,027	N/A
12/31/2022	92,121	5,555	2,902	10,248	N/A
9/30/2022	92,254	6,817	1,656	10,469	N/A
6/30/2022	90,240	7,239	1,359	10,173	N/A
3/31/2022	88,225	7,662	1,063	9,876	N/A
12/31/2021	84,991	8,578	-766	7,705	N/A
9/30/2021	81,758	9,494	-2,596	5,533	N/A
6/30/2021	75,867	9,986	-1,223	6,906	N/A
3/31/2021	69,975	10,479	149	8,279	N/A
12/31/2020	64,377	9,924	1,247	8,810	N/A
9/30/2020	58,779	9,368	2,345	9,341	N/A
6/30/2020	59,159	9,278	917	7,913	N/A
3/31/2020	59,540	9,188	-510	6,486	N/A
12/31/2019	58,987	9,048	271	8,109	N/A
9/30/2019	58,434	8,908	1,052	9,732	N/A
6/30/2019	58,910	8,566	1,244	9,925	N/A
3/31/2019	59,386	8,224	1,436	10,117	N/A
12/31/2018	60,110	7,575	84	7,707	N/A
9/30/2018	60,834	6,926	-1,268	5,297	N/A
6/30/2018	56,833	6,510	-693	5,871	N/A
3/31/2018	52,832	6,095	-119	6,446	N/A
12/31/2017	46,126	5,973	N/A	N/A	N/A
9/30/2017	39,420	5,851	N/A	6,829	N/A
6/30/2017	35,707	4,999	N/A	5,472	N/A
3/31/2017	31,993	4,148	N/A	4,116	N/A
12/31/2016	30,394	3,404	N/A	N/A	N/A
9/30/2016	28,795	2,661	N/A	6,329	N/A
6/30/2016	29,146	2,467	N/A	6,095	N/A
3/31/2016	29,497	2,273	N/A	5,862	N/A
12/31/2015	29,868	2,634	N/A	N/A	N/A
9/30/2015	30,240	2,995	N/A	4,713	N/A
6/30/2015	30,953	3,183	N/A	4,683	N/A
3/31/2015	31,666	3,371	N/A	4,653	N/A
12/31/2014	31,395	3,172	N/A	3,896	N/A
9/30/2014	31,123	2,973	N/A	3,140	N/A
6/30/2014	28,566	2,774	N/A	3,262	N/A
3/31/2014	26,008	2,576	N/A	3,383	N/A
12/31/2013	23,639	2,407	N/A	2,981	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 384's forecast earnings growth (12.6% per year) is above the savings rate (2.3%).

Earnings vs Market: 384's earnings (12.6% per year) are forecast to grow faster than the Hong Kong market (11.5% per year).

High Growth Earnings: 384's earnings are forecast to grow, but not significantly.

Revenue vs Market: 384's revenue (4.7% per year) is forecast to grow slower than the Hong Kong market (7.8% per year).

High Growth Revenue: 384's revenue (4.7% 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 (8.3%).

China Gas Holdings Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

China Gas Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 September 2024, Payable on 18 February 2025

China Gas Holdings Limited to Report Q2, 2025 Results on Nov 29, 2024

Investor sentiment improves as stock rises 17%

China Gas Holdings Limited Approves Final Dividend

Upcoming dividend of HK$0.35 per share

Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.80 in FY 2023)

Final dividend reduced to HK$0.35

China Gas Holdings Limited, Annual General Meeting, Aug 21, 2024

Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.80 in FY 2023)

China Gas Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 4 October 2024

China Gas Holdings Limited to Report Fiscal Year 2024 Results on Jun 24, 2024

Upcoming dividend of HK$0.15 per share at 7.3% yield

China Gas Holdings Limited Announces Board Changes

Executive Chairman recently bought HK$4.9m worth of stock

First half 2024 earnings released: EPS: HK$0.34 (vs HK$0.60 in 1H 2023)

China Gas Holdings Limited Announces an Interim Dividend for the Six-Month Ended 30 September 2023, Payable on 2 February 2024

China Gas Holdings Limited Announces an Interim Dividend for the Six-Month Ended 30 September 2023, Payable on 2 February 2024

China Gas Holdings Limited to Report First Half, 2024 Results on Nov 27, 2023

China Gas Holdings Limited Approves Final Dividend for the Year Ended 31 March 2023

Upcoming dividend of HK$0.40 per share at 6.0% yield

China Gas Holdings Limited, Annual General Meeting, Aug 23, 2023

Full year 2023 earnings released: EPS: HK$0.80 (vs HK$1.39 in FY 2022)

China Gas Holdings Limited to Report Fiscal Year 2023 Results on Jun 26, 2023

Executive Chairman recently bought HK$5.0m worth of stock

Upcoming dividend of HK$0.10 per share

Investor sentiment improved over the past week

China Gas Holdings Limited Announces Interim Dividend for the Six-Month Period Ended 30 September 2022, Payable on 03 February 2023

First half 2023 earnings released: EPS: HK$0.60 (vs HK$0.74 in 1H 2022)

China Gas Holdings Limited to Report Q2, 2023 Results on Nov 25, 2022

China Gas Holdings Limited Announces Executive Changes

China Gas Holdings Limited Approves Final Dividend for the Year Ended 31 March 2022

Upcoming dividend of HK$0.45 per share

Full year 2022 earnings released: EPS: HK$1.39 (vs HK$2.01 in FY 2021)

China Gas Holdings Limited Announces Change in Composition of Remuneration Committee

China Gas Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022

Investor sentiment deteriorated over the past week

China Gas Holdings Limited Appoints Xiong Bin as the Vice Chairman of the Board, a Non-Executive Director and a Member of the Corporate Governance and Risk Control Committee

China Gas Holdings Limited Appoints Ma Weihua as Independent Non-Executive Director, Chairman of the Sustainability Committee and a Member of Each of the Audit Committee and the Corporate Governance and Risk Control Committee, Effective 1 February 2022

Upcoming dividend of HK$0.10 per share

Investor sentiment deteriorated over the past week

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of HK$0.45 per share

Full year 2021 earnings released: EPS HK$2.01 (vs HK$1.76 in FY 2020)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

China Gas Holdings Limited and China Petrochemical Corporation Enter into Strategic Cooperation Framework Agreement

New 90-day high: HK$31.05

China Gas Holdings Limited Announces Change of Non-Executive Director and Change of Composition of Board Committee

Upcoming Dividend of HK$0.10 Per Share

New 90-day high: HK$29.75

First half 2021 earnings released: EPS HK$0.97

Revenue misses expectations

New 90-day high: HK$29.15

First half 2021 earnings released: EPS HK$0.97

Revenue misses expectations

China Gas Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020

New 90-day high: HK$25.95

New 90-day high: HK$24.30

Executive Chairman recently bought HK$9.4m worth of stock

New 90-day low - HK$22.20

Upcoming Dividend of HK$0.40 Per Share

New 90-day low - HK$23.50

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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