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Shanghai Dazhong Public Utilities Group Co Ltd
HKEX:1635

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Shanghai Dazhong Public Utilities Group Co Ltd
HKEX:1635
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Price: 3.08 HKD -0.32% Market Closed
Market Cap: HK$21.5B

P/B

1.8
Current
43%
More Expensive
vs 3-y average of 1.3

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.8
=
Market Cap
HK$16.4B
/
Total Equity
¥8.9B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.8
=
Market Cap
HK$16.4B
/
Total Equity
¥8.9B

Valuation Scenarios

Shanghai Dazhong Public Utilities Group Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.3), the stock would be worth HK$2.15 (30% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-34%
Maximum Upside
+37%
Average Downside
13%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.8 HK$3.08
0%
3-Year Average 1.3 HK$2.15
-30%
5-Year Average 1.2 HK$2.03
-34%
Industry Average 1.4 HK$2.37
-23%
Country Average 2.4 HK$4.2
+37%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CN
Shanghai Dazhong Public Utilities Group Co Ltd
HKEX:1635
15.9B HKD 1.8 38.4
US
Atmos Energy Corp
NYSE:ATO
30.7B USD 2.2 24.6
ES
Naturgy Energy Group SA
MAD:NTGY
25.6B EUR 2.7 12.3
IT
Snam SpA
MIL:SRG
22.5B EUR 2.4 17.6
HK
Hong Kong and China Gas Co Ltd
HKEX:3
136.2B HKD 2.3 23.9
JP
Tokyo Gas Co Ltd
TSE:9531
2.4T JPY 1.5 11.6
JP
Osaka Gas Co Ltd
TSE:9532
2.3T JPY 1.3 12.5
IT
Italgas SpA
MIL:IG
10.5B EUR 2.7 15.6
IN
GAIL (India) Ltd
NSE:GAIL
1.1T INR 1.2 12.6
CA
AltaGas Ltd
TSX:ALA
15.7B CAD 1.8 21
CN
ENN Natural Gas Co Ltd
SSE:600803
65.8B CNY 2.7 14

Market Distribution

Lower than 82% of companies in China
Percentile
18th
Based on 7 605 companies
18th percentile
1
Low
0 — 1.5
Typical Range
1.5 — 3.9
High
3.9 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.4
70th Percentile 3.9
Max 1 172 445.9

Shanghai Dazhong Public Utilities Group Co Ltd
Glance View

Market Cap
21.5B HKD
Industry
Utilities

Shanghai Dazhong Public Utilities Group Co Ltd stands as a testament to the blend of traditional utilities and modern infrastructure in one of the world's most dynamic cities. Positioned in the bustling metropolis of Shanghai, Dazhong weaves into the very fabric of urban life by providing a diversified range of services across gas supply, public transportation, and investment in environmental and utility infrastructure. Its core business branches out through natural gas distribution to residential and commercial customers, ensuring the city’s energy needs are reliably met. By capitalizing on the burgeoning demand for energy efficiency and sustainability, Dazhong innovates in its service delivery, reinforcing its role as a critical player in Shanghai's urban ecosystem. Diversification is the keystone of Dazhong's revenue model. Beyond natural gas, the company strategically invests in public transportation, operating a structure that not only provides transit solutions but also enhances metro accessibility and convenience. Their involvement extends to long-term infrastructure investments, driving forward projects that bolster environmental sustainability — an area gaining prominence amid global climate challenges. Dazhong deftly maneuvers through these sectors, reaping financial benefits from steady utility tariffs and strategic asset management. This strategic diversification not only mirrors the growth trajectory of Shanghai itself but also positions the company as a resilient pillar in shaping the city’s urban landscape.

Intrinsic Value
1.68 HKD
Overvaluation 46%
Intrinsic Value
Price HK$3.08
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