Beijing Enterprises Holdings Ltd
HKEX:392

Watchlist Manager
Beijing Enterprises Holdings Ltd Logo
Beijing Enterprises Holdings Ltd
HKEX:392
Watchlist
Price: 31.86 HKD 0.5% Market Closed
Market Cap: HK$40.1B

P/B

0.5
Current
2%
More Expensive
vs 3-y average of 0.4

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
0.5
=
Market Cap
HK$38.7B
/
Total Equity
HK$89B

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
0.5
=
Market Cap
HK$38.7B
/
Total Equity
HK$89B

Valuation Scenarios

Beijing Enterprises Holdings Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (0.4), the stock would be worth HK$31.17 (2% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-12%
Maximum Upside
+72%
Average Upside
31%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.5 HK$31.86
0%
3-Year Average 0.4 HK$31.17
-2%
5-Year Average 0.4 HK$28.11
-12%
Industry Average 0.7 HK$52.79
+66%
Country Average 0.8 HK$54.72
+72%

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
HK
Beijing Enterprises Holdings Ltd
HKEX:392
40.1B HKD 0.5 7.9
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 71% of companies in Hong Kong
Percentile
29th
Based on 1 630 companies
29th percentile
0.5
Low
0 — 0.5
Typical Range
0.5 — 1.3
High
1.3 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 0.5
Median 0.8
70th Percentile 1.3
Max 2 018.4

Beijing Enterprises Holdings Ltd
Glance View

Beijing Enterprises Holdings Ltd., a diversified conglomerate, stands at the nexus of China's infrastructural and economic evolution. Originally grounded in the utilities sector, the company is a formidable player in natural gas distribution, water services, solid waste treatment, and infrastructure. Central to its business model is the integration of public service provision with a focus on urban sustainability and ecological development. At the heart of its operations, the natural gas segment is a primary revenue generator, driven by the robust demand for cleaner energy sources as China pivots towards environmental stewardship. The company efficiently manages an extensive natural gas distribution network, serving both residential and industrial consumers, which underscores its role in supporting Beijing’s transition to a low-carbon economy. Simultaneously, Beijing Enterprises has astutely diversified its portfolio to encompass water treatment and waste management, sectors that promise steady growth amid increasing urbanization and environmental regulations. By building wastewater treatment facilities and waste-to-energy plants, the conglomerate not only addresses critical environmental challenges but also reinforces its revenue streams through government-backed projects. The company's strategic blend of utility services ensures it remains indispensable to the region's infrastructure, capitalizing on the symbiosis between economic growth and sustainable development. As it continues to expand its footprint both domestically and internationally, Beijing Enterprises Holdings Ltd. exemplifies the complex, yet lucrative dance of aligning its business paradigms with China's comprehensive urban planning strategies.

Intrinsic Value
33.57 HKD
Undervaluation 5%
Intrinsic Value
Price HK$31.86
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett