China Gas Holdings Ltd
HKEX:384
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/E
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Valuation Scenarios
If P/E returns to its 3-Year Average (12.3), the stock would be worth HK$6.37 (12% downside from current price).
| Scenario | P/E Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 14 | HK$7.26 |
0%
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| 3-Year Average | 12.3 | HK$6.37 |
-12%
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| 5-Year Average | 11.9 | HK$6.16 |
-15%
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| Industry Average | 12.2 | HK$6.33 |
-13%
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| Country Average | 12.7 | HK$6.59 |
-9%
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Forward P/E
Today’s price vs future net income
| Today's Market Cap | Net Income | Forward P/E | ||
|---|---|---|---|---|
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HK$44.9B
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/ |
Oct 2025
HK$2.8B
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= |
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HK$44.9B
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/ |
Mar 2026
HK$3.1B
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= |
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HK$44.9B
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/ |
Mar 2027
HK$3.3B
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= |
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HK$44.9B
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/ |
Mar 2028
HK$3.6B
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= |
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HK$44.9B
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/ |
Mar 2029
HK$3.9B
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= |
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HK$44.9B
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/ |
Mar 2030
HK$4.2B
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= |
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HK$44.9B
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/ |
Mar 2031
HK$4.4B
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= |
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HK$44.9B
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/ |
Mar 2032
HK$5.2B
|
= |
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HK$44.9B
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/ |
Mar 2033
HK$5.4B
|
= |
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Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.
Peer Comparison
| Market Cap | P/E | ||||
|---|---|---|---|---|---|
| HK |
|
China Gas Holdings Ltd
HKEX:384
|
39.6B HKD | 14 | |
| US |
|
Atmos Energy Corp
NYSE:ATO
|
31.4B USD | 25.2 | |
| ES |
|
Naturgy Energy Group SA
MAD:NTGY
|
24.8B EUR | 12.3 | |
| IT |
|
Snam SpA
MIL:SRG
|
22.6B EUR | 17.8 | |
| HK |
|
Hong Kong and China Gas Co Ltd
HKEX:3
|
134.9B HKD | 23.7 | |
| JP |
T
|
Tokyo Gas Co Ltd
TSE:9531
|
2.5T JPY | 10.8 | |
| JP |
|
Osaka Gas Co Ltd
TSE:9532
|
2.2T JPY | 12 | |
| IT |
|
Italgas SpA
MIL:IG
|
10.5B EUR | 15.6 | |
| CA |
|
AltaGas Ltd
TSX:ALA
|
15.8B CAD | 21.3 | |
| IN |
|
GAIL (India) Ltd
NSE:GAIL
|
1.1T INR | 12.4 | |
| CN |
|
ENN Natural Gas Co Ltd
SSE:600803
|
62.7B CNY | 13.4 |
Market Distribution
| Min | 0 |
| 30th Percentile | 8.8 |
| Median | 12.7 |
| 70th Percentile | 19.3 |
| Max | 6 260.9 |
Other Multiples
China Gas Holdings Ltd
Glance View
China Gas Holdings Ltd. is a pivotal player in the energy sector, strategically positioned to harness the growing urbanization and industrialization of China. Founded as a purveyor of natural gas services, the company has crafted its success story through a robust business model centered around the procurement, distribution, and sale of natural gas and other energy solutions. At its core, China Gas operates an extensive network of gas pipelines, feeding residential, commercial, and industrial consumers, thus playing a critical role in meeting China's escalating energy demands. By capitalizing on both municipal and provincial energy infrastructure projects, China Gas secures long-term growth and strengthens its market presence. Through strategic investments and partnerships, China Gas Holdings has diversified its portfolio to include liquefied petroleum gas (LPG) distribution and recently ventured into renewable energy initiatives. This diversification not only hedges against market volatility but also aligns with China's environmental policies and transition towards cleaner energy sources. The company generates revenue through city gas projects which involve the development and operation of gas networks, leveraging cost-effective procurement and efficient distribution systems to optimize margins. By maintaining a balance between traditional and innovative energy solutions, China Gas continues to sustain its financial health, contributing to its commendable position within China's expansive energy landscape.
