Towngas Smart Energy Past Earnings Performance

Past criteria checks 4/6

Towngas Smart Energy's earnings have been declining at an average annual rate of -1.2%, while the Gas Utilities industry saw earnings declining at 1.1% annually. Revenues have been growing at an average rate of 12.3% per year. Towngas Smart Energy's return on equity is 5.8%, and it has net margins of 5.9%.

Key information

-1.2%

Earnings growth rate

-4.9%

EPS growth rate

Gas Utilities Industry Growth	1.0%
Revenue growth rate	12.3%
Return on equity	5.8%
Net Margin	5.9%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Towngas Smart Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SZSC:1083 Revenue, expenses and earnings (HKD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	20,460	1,202	1,323
31 Mar 24	20,151	1,388	1,315
31 Dec 23	19,842	1,575	1,306
30 Sep 23	19,818	1,307	1,345
30 Jun 23	19,795	1,039	1,384
31 Mar 23	19,934	1,002	1,370
31 Dec 22	20,073	965	1,356
30 Sep 22	19,793	1,241	1,370
30 Jun 22	19,513	1,517	1,385
31 Mar 22	18,319	1,385	1,344
31 Dec 21	17,125	1,253	1,304
30 Sep 21	16,080	1,449	1,229
30 Jun 21	15,035	1,644	1,155
31 Mar 21	13,931	1,546	1,086
31 Dec 20	12,826	1,447	1,018
30 Sep 20	12,401	1,290	1,028
30 Jun 20	11,975	1,134	1,038
31 Mar 20	12,450	1,221	1,064
31 Dec 19	12,924	1,308	1,091
30 Sep 19	12,820	1,312	1,043
30 Jun 19	12,715	1,316	994
31 Mar 19	12,251	1,270	992
31 Dec 18	11,787	1,224	989
30 Sep 18	11,047	1,325	994
30 Jun 18	10,308	1,427	999
31 Mar 18	9,534	1,396	966
31 Dec 17	8,760	1,365	934
30 Sep 17	8,271	1,189	912
30 Jun 17	7,781	1,012	891
31 Mar 17	7,481	993	884
31 Dec 16	7,181	974	876
30 Sep 16	7,202	853	878
30 Jun 16	7,223	732	880
31 Mar 16	7,471	770	877
31 Dec 15	7,718	807	874
30 Sep 15	7,929	1,016	865
30 Jun 15	8,139	1,225	856
31 Mar 15	8,010	1,140	828
31 Dec 14	7,882	1,054	801
30 Sep 14	7,655	1,048	768
30 Jun 14	7,428	1,041	735
31 Mar 14	7,072	1,074	709
31 Dec 13	6,716	1,106	683

Quality Earnings: 1083 has high quality earnings.

Growing Profit Margin: 1083's current net profit margins (5.9%) are higher than last year (5.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 1083's earnings have declined by 1.2% per year over the past 5 years.

Accelerating Growth: 1083's earnings growth over the past year (15.7%) exceeds its 5-year average (-1.2% per year).

Earnings vs Industry: 1083 earnings growth over the past year (15.7%) exceeded the Gas Utilities industry -0.8%.

Towngas Smart Energy Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

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

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

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

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

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

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

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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