Towngas Smart Energy Future Growth

Future criteria checks 2/6

Towngas Smart Energy is forecast to grow earnings and revenue by 15% and 5.1% per annum respectively. EPS is expected to grow by 14% per annum. Return on equity is forecast to be 6.9% in 3 years.

Key information

15.0%

Earnings growth rate

14.0%

EPS growth rate

Gas Utilities earnings growth	10.4%
Revenue growth rate	5.1%
Future return on equity	6.9%
Analyst coverage	Good
Last updated	08 Oct 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

SZSC:1083 - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	23,250	1,848	-623	2,675	9
12/31/2025	22,157	1,730	-1,254	2,666	10
12/31/2024	21,056	1,556	-2,185	2,080	10
6/30/2024	20,460	1,202	-3,041	1,765	N/A
3/31/2024	20,151	1,388	-3,208	1,533	N/A
12/31/2023	19,842	1,575	-3,376	1,301	N/A
9/30/2023	19,818	1,307	-2,838	1,452	N/A
6/30/2023	19,795	1,039	-2,301	1,604	N/A
3/31/2023	19,934	1,002	-2,152	1,472	N/A
12/31/2022	20,073	965	-2,003	1,340	N/A
9/30/2022	19,793	1,241	-1,651	1,477	N/A
6/30/2022	19,513	1,517	-1,299	1,615	N/A
3/31/2022	18,319	1,385	-888	1,934	N/A
12/31/2021	17,125	1,253	-477	2,253	N/A
9/30/2021	16,080	1,449	-521	2,192	N/A
6/30/2021	15,035	1,644	-564	2,132	N/A
3/31/2021	13,931	1,546	-340	2,166	N/A
12/31/2020	12,826	1,447	-117	2,200	N/A
9/30/2020	12,401	1,290	-109	2,067	N/A
6/30/2020	11,975	1,134	-102	1,934	N/A
3/31/2020	12,450	1,221	-276	1,844	N/A
12/31/2019	12,924	1,308	-450	1,753	N/A
9/30/2019	12,820	1,312	-584	1,607	N/A
6/30/2019	12,715	1,316	-718	1,461	N/A
3/31/2019	12,251	1,270	-881	1,372	N/A
12/31/2018	11,787	1,224	-1,043	1,284	N/A
9/30/2018	11,047	1,325	-906	1,363	N/A
6/30/2018	10,308	1,427	-768	1,442	N/A
3/31/2018	9,534	1,396	N/A	1,478	N/A
12/31/2017	8,760	1,365	N/A	1,515	N/A
9/30/2017	8,271	1,189	N/A	1,563	N/A
6/30/2017	7,781	1,012	N/A	1,612	N/A
3/31/2017	7,481	993	N/A	1,639	N/A
12/31/2016	7,181	974	N/A	1,667	N/A
9/30/2016	7,202	853	N/A	1,593	N/A
6/30/2016	7,223	732	N/A	1,520	N/A
3/31/2016	7,471	770	N/A	1,468	N/A
12/31/2015	7,718	807	N/A	1,417	N/A
9/30/2015	7,929	1,016	N/A	1,433	N/A
6/30/2015	8,139	1,225	N/A	1,450	N/A
3/31/2015	8,010	1,140	N/A	1,354	N/A
12/31/2014	7,882	1,054	N/A	1,258	N/A
9/30/2014	7,655	1,048	N/A	1,179	N/A
6/30/2014	7,428	1,041	N/A	1,100	N/A
3/31/2014	7,072	1,074	N/A	1,075	N/A
12/31/2013	6,716	1,106	N/A	1,051	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1083's forecast earnings growth (15% per year) is above the savings rate (2.3%).

Earnings vs Market: 1083's earnings (15% per year) are forecast to grow faster than the Hong Kong market (11.5% per year).

High Growth Earnings: 1083's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1083's revenue (5.1% per year) is forecast to grow slower than the Hong Kong market (7.8% per year).

High Growth Revenue: 1083's revenue (5.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1083's Return on Equity is forecast to be low in 3 years time (6.9%).

Towngas Smart Energy Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

First half 2024 earnings released: EPS: HK$0.22 (vs HK$0.34 in 1H 2023)

New minor risk - Earnings quality

Towngas Smart Energy Company Limited to Report First Half, 2024 Results on Aug 15, 2024

New minor risk - Shareholder dilution

Towngas Smart Energy Company Limited Approves Final Dividend of the Year Ended 31 December 2023

Upcoming dividend of HK$0.16 per share

Now 20% undervalued

Full year 2023 earnings released: EPS: HK$0.48 (vs HK$0.30 in FY 2022)

Now 22% undervalued

Dividend of HK$0.16 announced

Towngas Smart Energy Company Limited, Annual General Meeting, May 29, 2024

Full year 2023 earnings released: EPS: HK$0.48 (vs HK$0.30 in FY 2022)

Towngas Smart Energy Company Limited to Report Fiscal Year 2023 Results on Mar 19, 2024

Towngas Smart Energy Company Limited Announces Director Changes

New minor risk - Earnings quality

First half 2023 earnings released: EPS: HK$0.34 (vs HK$0.33 in 1H 2022)

Towngas Smart Energy Company Limited to Report First Half, 2023 Results on Aug 14, 2023

Towngas Smart Energy Company Limited (SEHK:1083) entered into the Transfer Agreement to acquire Towngas Renewable Energy (HK) Company Limited from The Hong Kong and China Gas Company Limited (SEHK:3)

Towngas Smart Energy Company Limited Approves Payment of a Final Dividend in Respect of the Year Ended 31 December 2022

Upcoming dividend of HK$0.15 per share at 4.0% yield

Full year 2022 earnings released: EPS: HK$0.30 (vs HK$0.41 in FY 2021)

Less than half of directors are independent

Now 20% undervalued after recent price drop

Towngas China Co Ltd Unsponsored ADR to Be Deleted from OTC Equity

Now 20% undervalued after recent price drop

First half 2022 earnings released: EPS: HK$0.33 (vs HK$0.26 in 1H 2021)

Now 21% undervalued after recent price drop

Towngas Smart Energy Company Limited to Report First Half, 2022 Results on Aug 16, 2022

Now 21% undervalued after recent price drop

Towngas Smart Energy Company Limited Announces Management Changes

Upcoming dividend of HK$0.15 per share

Now 20% undervalued after recent price drop

Less than half of directors are independent

Towngas Smart Energy Company Limited Proposes Final Dividend for the Year Ended 31 December 2021

Towngas Smart Energy Company Limited Appoints Loh Kung Wai Christine as an Independent Non-Executive Director and Member of Each of the Nomination Committee, Remuneration Committee and Environmental, Social and Governance Committee

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues exceed analyst expectations

Investor sentiment improved over the past week

First half 2021 earnings released: EPS HK$0.26 (vs HK$0.20 in 1H 2020)

Towngas China Company Limited Approves Payment of Final Dividend in Respect of the Year Ended December 31, 2020

Upcoming dividend of HK$0.15 per share

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS HK$0.50 (vs HK$0.46 in FY 2019)

Towngas China Company Limited Recommends Final Dividend for the Year Ended 31 December 2020

Full year 2020 earnings released

Towngas China Company Limited to Report Fiscal Year 2020 Results on Mar 18, 2021

New 90-day low: HK$3.32

New 90-day low: HK$3.19

New 90-day low - HK$3.35

First half earnings released

New 90-day low - HK$3.41

First half earnings released

Towngas China Company Limited to Report First Half, 2020 Results on Aug 13, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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