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China Resources Gas Group Ltd
HKEX:1193

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China Resources Gas Group Ltd
HKEX:1193
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Price: 18.79 HKD -1.16%
Market Cap: HK$43.5B

EV/GP

2.4
Current
28%
Cheaper
vs 3-y average of 3.3

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.4
=
Enterprise Value
HK$42B
/
Gross Profit
HK$17.1B

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.4
=
Enterprise Value
HK$42B
/
Gross Profit
HK$17.1B

Valuation Scenarios

China Resources Gas Group Ltd is trading below its 3-year average

If EV/GP returns to its 3-Year Average (3.3), the stock would be worth HK$26.13 (39% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+127%
Average Upside
73%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 2.4 HK$18.79
0%
3-Year Average 3.3 HK$26.13
+39%
5-Year Average 3.5 HK$27.4
+46%
Industry Average 5.4 HK$42.73
+127%
Country Average 4.2 HK$33.45
+78%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
HK
China Resources Gas Group Ltd
HKEX:1193
43.5B HKD 2.4 14.3
US
Atmos Energy Corp
NYSE:ATO
31.4B USD 10.9 25.2
ES
Naturgy Energy Group SA
MAD:NTGY
24.9B EUR 4.5 12.2
IT
Snam SpA
MIL:SRG
22.2B EUR 11.5 17.7
HK
Hong Kong and China Gas Co Ltd
HKEX:3
134.9B HKD 0 23.7
JP
Tokyo Gas Co Ltd
TSE:9531
2.5T JPY 6.7 10.9
JP
Osaka Gas Co Ltd
TSE:9532
2.2T JPY 6.4 12
IT
Italgas SpA
MIL:IG
10.3B EUR 6.2 15.6
CA
AltaGas Ltd
TSX:ALA
15.8B CAD 6.9 21.3
IN
GAIL (India) Ltd
NSE:GAIL
1.1T INR 4.8 12.4
CN
ENN Natural Gas Co Ltd
SSE:600803
62.7B CNY 4.1 13.4

Market Distribution

In line with most companies in Hong Kong
Percentile
35th
Based on 1 375 companies
35th percentile
2.4
Low
0 — 1.9
Typical Range
1.9 — 9
High
9 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 1.9
Median 4.2
70th Percentile 9
Max 31 061 831.6

China Resources Gas Group Ltd
Glance View

Market Cap
43.5B HKD
Industry
Utilities

Amid the sweeping urban landscapes and the dynamic economic fabric of modern China, China Resources Gas Group Ltd. stands out as a pivotal player in the realm of natural gas distribution and integrated energy services. This company, a subsidiary of the sprawling China Resources Group, strategically navigates the vast and energy-thirsty Chinese market, ensuring that natural gas, a cleaner alternative to coal, flows seamlessly from suppliers to millions of consumers, businesses, and industries. Through an extensive pipeline network and a concentrated focus on safety and sustainability, China Resources Gas aligns with the nation’s energy transition goals, promoting environmental responsibility while harnessing urbanization's upward trajectory. The operational blueprint of China Resources Gas is not merely confined to gas distribution; it encompasses the full spectrum of energy services. By investing in infrastructure, leveraging technological advancements, and fostering governmental and regional partnerships, the company enhances its service portfolio, which includes pipeline construction, maintenance, and energy management solutions. Revenue streams are generated from the sales of natural gas, alongside value-added services tailored to diverse customer needs. This model not only fortifies its financial stability but also cements its status as a vanguard in China’s evolving energy landscape, ultimately steering the nation closer towards a sustainable energy future.

Intrinsic Value
23.51 HKD
Undervaluation 20%
Intrinsic Value
Price HK$18.79
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